Despite increasing dominance by big players, best returns in stock market in recent yrs have come from small & mid-cap firms, most of which don't enjoy even instant name recognition.
The stock will be included in major Indian indices, including the benchmark Nifty 50, but will not trade until it is listed, possibly in the upcoming annual general meeting.
At current market capitalisation levels, if govt reduces stake in listed companies to 51%, it can earn Rs 1.7 lakh cr from non-financial companies & Rs 1.8 lakh crore from financial ones.
Shareholder capitalism is widely misunderstood. It does not argue for businesses to pursue maximum profit in the absence of any constraints, legal or ethical.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS