Archive for August 12th, 2008

An update on world economy

August 12, 2008

I had pointed to a presentation showing trends in Indian economy.

I came across this superb update from Dallas Fed on trends in world economy. It majorly covers US, UK and Spain. Dallas Fed has very interesting economic updates full of charts and graphs. This one is another one.

A good presentation on Indian Economy outlook and trends

August 12, 2008

I came across this very useful presentation by Dr. Arvind Virmani, Chief Economic Advisor, Finance Ministry of India.

He explains the trends in several economic indicators – growth, inflation, investment, savings, capital flows etc . Though, I prefer speeches/papers to PowerPoint presentations as one never really understands the entire idea in latter. Still, this ppt is very good as it has some fantastic graphs and lucid flow.


I keep getting mails from people asking me to send them presentations on outlook on Indian Economy for next 6 months, 1 year etc. I am sorry I don’t have links to any. If I come across, I will add them.

SEBI fines i-bankers for shoddy work

August 12, 2008

This newspiece from ET caught my eye. It says:

Capital market regulator SEBI is set to impose penalties on some of India’s top investment bankers for what it considers “shoddy work” done by them while handling public offerings over the past few years. The regulator’s Market Intermediaries Regulation and Supervision Department (MIRSD) has uncovered serious shortcomings in the due diligence process for initial public and rights offerings, besides open offers, carried out by seven investment bankers — Kotak, Enam, DSP Merrill Lynch, SBI Caps, HSBC, Keynote and Aryaman Financial.

The word shoddy and all big names associated with i-banking being fined is serious stuff. There was a mad rush for IPOs in 2006 and 2007 and some lax in standards can’t be ruled out. There were many companies whose IPOs were questioned by several analysts but still received huge subscriptions.

This development is not yet on SEBI website and it will be interesting to see any such official release on the topic.

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