Quantitative Easing by USA The US Federal Bank announced to unlimited Quantitative Easing at the rate of $40 billion a month, surprising the market which at the most was expecting a one time QE3. This sent the prices of all risk on assets, rocketing higher. While even the Indian stocks joined the rally, the long […]

MCX, NSE, BSE – Stock Exchange Wars A major price war has started between the stock exchanges in India with MCX sharply cutting the prices of transactions on its equity cash and futures platform to lure traders and brokers from the market leaders NSE and BSE. The Financial Technologies owned MCX-SX has also reduced the […]

India’s Sahara Group has a huge presence in the media, real estate, financial and hospitality sector. The business conglomerate which is led by Subroto Roy however remains shrouded in mystery about its funding . The group has of late been on a buying spree taking over iconic hotels for hundreds of millions of dollars in […]

Global Stock Brokers across continents are either firing hundreds of workers or are totally closing down. The reasons for this downsizing of operations by brokerages is

a) The Financial Industry has become too large to the size of the global economy particuarly in countries like USA

b) The reduction in risk and capital means that big financial companies are reducing and selling their operations

c) The Broking Sector has seen a Peak in 2008 and now the only place to go for the next few years is Down

The Indian Mutual Fund and Asset Management Companies are facing tough times and foreign asset managers are exiting in droves. Fidelity has put up its $2 billion of funds on the auction block trying to find a buyer as it exists India. This is only after a couple of months when Blackstone another of the trillion dollar asset managers existed the Indian business. In 2008 during the boom times, every Tom Dick and Harry of the asset management business wanted to get a piece of the Indian pie. The local brokerages were commanding super high valuations while growth and profits seemed endless.

Note blatant pump and dump IPO’s have made the Indian market a heaven for stock market operators.Despite this going on for years,only recently SEBI has taken some steps against the manipulartion of the primary market.Now SEBI has taken some steps in the Insider Trading case as well by fining executives of JP Associates and Ranbaxy both of which are constituents of the Indian main stock market index. However a mere fine will not do to deter insider traders.A big jail term for a insider trader will make white collar criminals think more in indulging in criminal activity rather than small fines .