Worried over the dispute, MSCI CEO Henry Fernandez feels the issue will end up leaving international investors really vulnerable in one of Asia's biggest markets.
Even if the National Stock Exchange succeeds in getting an injunction against Singapore Exchange, SGX won’t be the only loser. Global money managers will also be affected.
The National Stock Exchange of India sued Singapore Exchange Ltd. in a Mumbai court, posing a threat to one of the most widely used offshore futures contracts by investors worldwide.
SGX is, in fact, turning the Nifty into a giraffe, which, as economist Hans Singer once famously quipped, is "difficult to describe, but you know one when you see one."
When reading the book, one can see Roy’s mother as a 'fascist government' unto herself, the centre of her own cult. In Arundhati’s words, Mary Roy was ‘mother guru’.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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