SBI takes lead in cutting PLR, others set to follow
One day after the RBI slashed the bank rate and cash reserve ratio signalling a fall in interest rates, SBI -- the largest commercial bank in the country -- on Saturday took the lead in cutting the prime lending rates.
Old economy revival revives rights issues market
Old economy is slowly back in favouor. Mobilisation by listed companies through rights issues is showing some signs of revival, courtesy revival of the old economy sector.
The saga of coercion, corruption & extortion
Corruption in a large investment institution is so rampant and brazen these days, that seven out the 15 paise brokerage paid to institutional brokers in every deal has to be kicked-back to the fund managers.