Participatory-note virus  |  |  |  |
| It
was bloodbath on Dalal Street on Oct. 17, 2007, following SEBI's
proposed curbs on Participatory Note based on derivatives, and
prohibiting sub-accounts of FIIs from issuing Participatory
Note. A firm message has been
sent to foreign investors that the efforts to identify anonymous
investments through PNs will continue till the last dollar that
comes in can be traced back. |
READ
MORE | |
| |  | Why PNs are dangerous
The PNs are a slap on the face of every citizen who is an investor. The PN system is blatantly discriminatory and seems to favour ghost investors.[ READ MORE ] | | |
|
|
|
|
|
|
|  | Five richest lose $2.75 b
The net worth of the five richest Indians plunged by Rs 11,015 crore, taking their total loss to about Rs 67,200 crore since October 17, when the meltdown began.[ MORE INFO ] | | | ........................................................................................................ | ........................................................................................................ |  | Biggest-ever fall
Minutes after the commencement of trade on Oct. 17, 2007, the Sensex plunged to a low of
17307.90 points, a massive loss of 1744 pts..
[ VIEW SLIDESHOW ] | | |
|
|
|
|
|
|
|  | ‘Warding off a bubble’
The recent deluge of equity funds required some measures to ward off a stock market bubble, but the Indian government had no intention of inhibiting investors.[ READ MORE ] | | | ........................................................................................................ | ........................................................................................................ |  | Curbs to make flows transparent
The SEBI chief, M. Damodaran, urged foreign investors to come in through the front door ... instead of coming through the PN route.
[ READ MORE ] | | |
|
|
|
|
|
|
|  | Wrong prescription
As long as overseas investors see the Indian capital market as a profitable destination for their funds, a way may well be found for routing investments.... [ MORE INFO ] | | | |
