|
Cover
Story
Central
Listing Authority : A New Facilitator
-- V
Subbulakshmi and Ali Mohammad Anwer
In
continuation of the capital market reforms undertaken by SEBI,
the latest one is the creation of the Central Listing Authority.
The presence of the CLA will certainly do away with the problem
of multiple listings, and make a positive impact on the Indian
capital markets
© IUP. All Rights Reserved.
Derivatives
Markets
`Options'
to Use or Misuse? --
Mahender
Kumar
The
growth of options since its introduction in June 2001 has
been phenomenal. The Indian markets have now discovered the
practicality of hedging it in stock market exposures. But
curcumstantial evidences show that money laundering is being
done making use of thinly traded options. Will the regulators
take a look at this?
© IUP. All Rights Reserved.
Industry
Analysis
Pharmaceuticals:
A Growth Prescription -- Nath Balakrishnan The
Indian Pharmaceutical industry is currently undergoing metamorphosis.
With a change in the patents regime from January 2005, companies
need to change their strategies in a major way. And with exports
becoming the growth engine, one can only hope for a healthy
future for the industry.
©
Business Line, June 8, 2003. Reprinted with permission.
Mutual
Funds
Mutual
Funds vs. The Nifty -- Kripa Mahalingam Choosing
a mutual fund is no easy task. With the myriad of funds on
the offer, the choice hinders rather than helping the individual
investor. Past performances of funds may just be luck or excessive
risk-taking by the fund manager. The key to choosing funds
is to pick out ones that outperform the market or benchmark
as well as their peers consistently.
©
Business Standard, June 16, 2003. Reprinted with permission.
Equity
Markets
Stock
Market Trends : Making
Hay While a Theme Lasts
-- S Vaidya
Nathan Besides
the fundamental and technical analyses, a very important factor
in choosing a stock is sentiment. It decides which sector
investors as a group believe to be the "hot `n' happening".
In the late '90s, it was the ICE stocks then the focus shifted
to PSUs and later to Banks. Knowledge of the current theme
or rather the `flavor of the month' is of paramount importance
to investors.
©
Business Line, April 20, 2003. Reprinted with permission.
Investment
Strategies
Getting
What You Pay for with Stock Options
-- J
C de Swaan and Neil W C Harper
J
C de Swaan is a Consultant and Neil Harper is an Associate
Principal in McKinsey's New York office.
The
accounting scandals that rocked the corporate world in the
recent years, have forced companies as well as regulators
to rethink the way they value and expense for employee stock
options. Here are some pointers towards effective use of stock
options to attain the objectives of managers as well as investors.
©
The McKinsey Quarterly, 2003, Number 1. (www.mckinseyquarterly.com)
Copyright 2003, McKinsey and Company. All Rights Reserved.
Reprinted with permission.
|
