The Facebook IPO has underwhelmed. US IPOs are first sold to any investor who can wiggle a favour from their broker, and then listed. The IPO was at $38 and ...
From The Daily Beast, Quants, Derivatives and the Myth of the Rogue Trader: (HT: @ashenoya) Just what did these sorcerer’s apprentices do all day? The City ...
I write at Yahoo: The Drachma Drama Two years ago, there was a crisis in Greece, when it couldn’t pay back debt that it had taken. The government’s ...
Things aren’t going well for freedom nowadays. First, a high court banned Vimeo and ThePirateBay, because ostensibly they carried pirated versions of a ...
NRIs who were returning to India were allowed to bring in upto 10 kgs of Gold (on payment of customs duty) Now that limit has been cut to 1 kg, because ...
Business Standard notes that Vodafone was forewarned that their transaction with Hutchison would be taxed. This communication seems to have happened in March ...
The National Payments Corporation of India (NCPI) has started Rupay, a domestic card payment network. NPCI already is at the back-end of the India wide bank ...
RBI has changed the rules for the Gold Loan NBFCs. They now need to only lend upto 60% of the value of jewellery, with the change in "Loan-To-Value” ...