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Thoughts of a Corporate Consultant – Part XIV

The last three months have been crazy. I’ve been consulting – all day – at a banking software company, doing things like creating PPTs, ...

The Flash Crash: Fat Finger or Algo, Emkay Must Pay

At 9:50 AM on Friday morning, when the markets were expected to keep going up forever because we have new reform agendas, the markets went curiously the other ...

SEBI Notes: MFs, Direct Investing, Brokerage Caps

In the latest SEBI board meeting, a few norms have been discussed that will change the world of mutual funds and personal advise. Note that the actual ...

ESOP Trusts Cannot Buy Shares From Market : SEBI

SEBI, the Indian Securities Regulator, has decided that Trusts created to dish out Employee Stock Option Plans (ESOPs) of companies will not be allowed to buy ...

Hiding Data, Ice Cream Inflation, Oxed LIBOR and More…

There’s so much to post, and not enough time. Recognizing the power of data, it seems the government is trying to hide it, by removing detailed ...

How the USD-INR rate is calculated, from RBI's  Subbarao

In his recent speech, RBI Governor D. Subbarao says this: Can we have problem similar to LIBOR here in India? The counterpart of LIBOR in India is the less ...

WTF: Reading Too Much Into Bulk Deals

Firstly, apologies for the small hiatus in posting. I am consulting with ICreate, a company that does banking BI (and is founded by two close friends, so ...

Sorry, Not Ready.

Why can’t foreigners buy our debt? We are not ready. They can only buy a tiny amount, but if we increase that amount they will buy like mad, and then one ...

Readings: Greece Broke, Slumdogs Into Millionaires

The Prospectus For Silicon Valley’s Next Hot Tech IPO (which sounds like most Indian IPOs) Greece Warns of Going Broke as Tax Proceeds Dry Up (NYT) Nearly ...

RBI Bans Preclosure Penalties Officially

The RBI has officially banned Preclosure Penalties on all housing loans: (Notification) RBI/2011-12/589 DBOD. No. Dir. BC.107/13.03.00/2011-12 June 5, 2012 All ...