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Monday, August 11, 2003

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OFFHAND


Award and caveat
I DO not want to be hypocritical and join the chorus of those who are singing hallelujahs to the Chief Election Commissioner (CEC), Mr J. M. Lyngdoh, for being the recipient of this year's Magsaysay award. I know that ... More

WIDE CANVAS


Holding society to ransom
There is a subtle difference between government employees going on a strike and a strike being called by employees of a public limited company or a private organisation, whose salaries, strictly speaking, are not paid by the state — that is, fr om revenue proceeds collected from individual and corporate citizens of the land. More

ON THE MOVE


SC order to shipowners' rescue
The Maritime Union of India was all geared up for a showdown to secure its demand for a wage hike. But the Supreme Court Order on August 6, banning strikes by trade unions and government employees, came like an unexpected storm to seafarers. More

A RINGSIDE VIEW


Market heat may come down — Arora picks likely to witness selling pressure
A senior analyst, on condition anonymity, said that the cheerleading in the market would cool off somewhat. "Certainly, the exuberance would decline. The market would like to take a pause and ponder over the thin line differentiating between a judgem ent call and a decision that may be viewed as price distortion". More

MUTUAL CONFIDENCE


Alliance sans Arora... What's up next?
You may say I'm a dreamer, but I'm not the only one / I hope some day you'll join us, and the world will live as one THE world of mutual funds will not be the same again after Saturday's order by SEBI against Samir Arora. Like the man in ... More

GLOBAL MONITOR


Gold moving up firmly
GOLD treaded a firm upward path last week following evidence of buying interest. Beginning the week softly, the yellow metal continued the softer tone from previous Friday, with prices being held below $350 an ounce and driven intra-day by ... More

ADR WATCH


VSNL in limelight — NYSE likely to suspend Silverline
WITH the Cisco Systems Inc, the world's largest maker of equipment to direct Internet traffic, registering lower-than-expected fourth-quarter profit, the tech-laden Nasdaq suffered heavy during last week. However, the broader-indices, the S&P-500 ... More

VISION 2020


India needs A Town Like Alice
Rural transformation needs a trigger in the form of investment by organised business to create high paid employment. Influx of families with large disposable incomes induces a major shift in consumer demand that, given favourable conditions, induces rapid development of the village. P. V. Indiresan on how private industry can transform villages, and at the same time, become richer the way Neville Shute's heroine Jean becomes in A Town Like Alice? More

ERRORS & OMISSIONS EXPECTED


Tourists with the phantom itch
ADVENTURE tourism, as a search query on the Net, yields almost half a million finds. People are bored of carrying a bunch of picture postcards and visiting those sites and buildings, places and monuments, and then busily clicking away from all ... More

RANDOM WALK


Corporate duplicity
AS the cola multinationals in India continue to get bad press for their laxity in maintaining quality and food safety standards in the country, the debate is shifting to corporate irresponsibility and the double standards of transnational ... More

MARK TO MARKET


Why bonds with embedded put options make sense
SEBI has mooted the idea that companies should consider issuing bonds with embedded put options. Such bonds will help investors manage event risk. This is, indeed, a welcome step, especially as it will pave the way ... More

AMERICAN PERISCOPE


Competition and ethical behaviour
IT IS said that when competition gets tough, market pressures can drive you to be unethical. On the other side of the same argument, in a tough market, competitors are carefully watching each other to report unethical behaviour to bring the ... More
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Looking back
Aug. 3-Aug. 9
Murders most foul


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