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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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