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9/11 & One Year Later

Why do they hate us? A year ago, this was the most asked question in the United States, and the…

Formula I And II

There?s an eerie calm when one walks into the portals of the Unit Trust of India (UTI) headquarters in south…

Anniversary Of Watersheds

9/11 a defining moment in history, or at least in that of the United States: The cause of miseries the…

Cowboy Culture Takes Over Banking

Some companies seem to have no problems raising funds. Himachal Futuristic Communications (HFCL), despite all controversy surrounding its funding of…

Contradictions And Dichotomies

On Thursday morning, The Indian Express carried a front page story — ?DDA changes master plan, allots land to Swaminarayan…

Our Rising Forex Reserves

Time was when every increase in our foreign exchange reserves received unalloyed welcome. Not so, in recent times ?? all…

Danger Signals Over PSU Disinvestment

Disinvestment minister Arun Shourie bought his government much needed credibility by setting a spanking pace for the disinvestment of Public…

Return Of Margin Trading?

There are many persuasive arguments to back the lobbying to permit margin trading. They are: it will impart more liquidity…

Collecting For Tomorrow

Collecting art with a proper eye to investment is not an easy task. It certainly cannot be learnt from scouring…

Sinners And The Sinned Against

My last column on the rather callous manner in which Pepsi and Coke have their logos painted on ancient geological…

Limitations Of Interest Rate Cuts

On 13 August, the US Federal Reserve, contrary to expectations, kept the federal fund rate unchanged at 1.75 per cent.…

Past Is The Key To The Future

There was flutter among members of the National Stock Exchange last week at the circulation of an information memorandum by…