COLUMNS
OFFHAND
Fading sheen of non-alignment
On the occasion of the 32nd anniversary of the US-India Business Council, the US Secretary of State, Ms Condoleezza Rice, had a few unpalatable pronouncements to make on the demerits of non-alignment — a topic which, one would have thought, ...
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FINANCIAL SCAN
Collateralised debt obligations: Toxic Waste
Can a rated bond offer a much better yield than its peers? On the face of it, no. But modern financial engineering has a way of making these things possible. And that has brought to the fore the risks to investors and the system when ...
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VIEW POINT
Measuring happiness
Sometimes, even the gloomiest of days can yield surprises which lead to mental comfort of the very highest order. One such day was Tuesday in Kolkata, the rains having set their teeth deep into the city’s life, disrupting it no end. Even ...
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EAR TO THE GROUND
FII talk drives up Escorts
The stock of Escorts Ltd has witnessed a sharp surge on the bourses on market talk that a foreign institutional investor has agreed to purchase a stake in the company at a higher price than its current price, said dealers. Last month, RBI had ...
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