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Sunday, November 24, 2002

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EYE ON THE MARKET


L&T open offer — SEBI rightly puts Grasim on the mat
THE Securities and Exchange Board of India has taken the right course in putting on hold Grasim's open offer at Rs 190 per share for Larsen & Toubro. SEBI had initially failed to critically evaluate the Grasim-Reliance deal (priced at Rs 306 per ... More

TAKING COUNT


Growth pangs in fund industry
THE Indian mutual fund industry is hardly a decade old. While it does not account for a significant portion of the Indian savings, especially household savings, it is undergoing substantial changes with the prospect of a few large players making ... More

SIMPLE ECONOMICS


Explaining volatility smile
A RECENT NSE publication on the Indian capital market carries a small article on the volatility smile in options. What is volatility smile? If you plot the implied volatilities of all the strike prices of options of a particular maturity (say, ... More

TAX TALK


Kelkar Committee Recommendations — A mixed bag for the corporate sector
THE task force headed by Dr Vijay Kelkar has submitted its recommendations on the taxation reforms that need to be introduced for the smooth and proper administration of the tax law, and also improve the tax collections. In this light, the task ... More

KNOW YOUR LAWS


Transfer of properties — The immovables angle
WHAT is the law that governs transfer of immovable property? It is the Transfer of Property Act, an old enactment still in force. Is real estate a transfer of property? Is purchasing an immovable property the same as buying a movable property ... More

IN FOCUS


Indian steel on a roll
THE domestic steel manufacturers are on a roll. Buoyed by a dramatic improvement in steel prices, starting from January this year, the steel majors are all seeing an improvement in performance this fiscal. The recently announced half-yearly ... More

FUND WATCH


New AMC for UTI-II
THE new asset management company for UTI-II will be formed by Punjab National Bank, State Bank of India, Bank of Baroda and Life Insurance Corporation. UTI-II will comprise the assets of the UTI's NAV-based schemes. The move to float the AMC ... More

COMMENT


Tactical funds need support
TACTICAL balanced funds, launched recently, appear to be worthy ideas that seem to suffer solely because of the built-in passive equity component. This may not be solely the fault of the asset management companies. In fact, they may have had no ... More
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Top Stories
L&T open offer — SEBI rightly puts Grasim on the mat


Invest smart, retire hurt

SBI: Hold/Buy on declines

Canara Bank: Buy

ACC-Gujarat Ambuja issue — A test-case in control

Loans against shares — Using equity to good effect

Phosphatic/complex fertilisers — In need of nutrients

Kelkar Committee Recommendations — A mixed bag for the corporate sector

Indian steel on a roll

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 17-Nov. 23
How equity experts perceive Kelkar

PSU stocks — Bizarre are the ways of Govt

UTI-II, employees, and costs


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