OPINION
OPEN OFFERS
Colour Chem open offer and asset valuation
THE recent Supreme Court decision on Colour Chem's open offer prima facie appears to go against the basic idea of asset valuation. Asset price is the discounted future value of cash flows. A person buying the ...
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EDITORIAL
Of little import
ON SATURDAY THE Prime Minister, Dr. Manmohan Singh, morphed into a dignified, acquisitive politician, if not a statesman, by saying a lot at a press meet stretching over 90 minutes but meaning little. When the financial and stock markets open on ...
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FOREX
RBI's Annual Report 2003-2004 — At what price protection from forex reserves?
There have been suggestions that some part of the RBI's forex reserves should be placed with Indian scheduled banks, which can lend them to creditworthy Indian corporates, which are otherwise raising ECBs in the external financial markets. This can e arn higher returns, which can surely help to reduce the negative income phenomenon on our forex reserves.
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INFRASTRUCTURE
Importance of public investment in infrastructure
ONE of the planks on which the Congress(I) came to power was seeing greater role for the government in the economy. This is welcome. One only hopes the party will not get derailed from this policy by the World Bank's ...
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Wages of town non-planning
The panel probing the Kumbakonam school fire tragedy will discover many culprits but almost certainly overlook the worst offence: Poor town planning. It is easy to blame the population for many of the problems, forgetting that several world capitals have very high density. Nor will planners accept that streets should be wide enough to be usable normally let alone in emergencies, that cities can, and should, harvest all the water they consume, or that they are unnecessarily overcrowded, says P . V. Indiresan.
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POLITICS
Party carnivals
FOR sheer drama, spectacle and mass hysteria, it is hard to beat the national conventions of the Democratic and Republican parties in the US that nominate presidential candidates. Once every four years, the country, ...
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ADVERTISING
When advertising distracts and not informs
THE announcement of a 24-hour television channel launched in the UK dedicated to advertisements is an eye-opener for those of us annoyed by ads. Some people, apparently, love them! Advertising is now a fairly ...
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LETTERS
Depreciation of securities
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