Bonus Debentures

An innovative way to reward shareholders… The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market price, the bonus debenture is a better…

Trade Data

Exports flatter but trade deficit remains a major worry… After a disappointing first 6 months of the current fiscal, the trade data for November finally showed a semblance of recovery. Of course, imports were higher but exports grew much faster. However, the trade deficit continues to be at elevated levels and that remains a major…

Vishal Sikka Departs

But the grand show at Infosys must go on… When Vishal Sikka finally submitted his resignation on 18th August, there was little by way of surprise. The relations between the founding promoters and the current board had deteriorated to a point from where there was really no turning back. Even as the slanging match between…