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Karvy on the curvy roads

The calamitous events of Punjab and Maharashtra Co-operative Bank and Dewan Housing Finance Corporation led many to believe that it was picture Khatam Ho Gaya for the depression in India’s fiscal sector. But the developments at the-Karvy Stock Broking, Hyderabad, have demonstrated that picture Abhi Baki Hai. Earlier, India has seen

A wrong precedent

When we talk about mutual funds, we immediately relate it with SEBI’s mandatory warning: “Mutual funds are subject to market risk, please refer to investment document before investing.” In an unusual move, HDFC AMC has taken over the risk in its own book and has not passed it on to the

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