Depository is an institution or a kind of organization which holds securities with it, in which trading is done among shares, debentures, mutual funds, derivatives, F&O and commodities. The intermediaries perform their actions in variety of securities at Depository on the behalf of their...

This paper seeks to examine whether the bilateral Indian Rupee-US$ exchange rate follow a random walk or not. In other words, this study investigates whether the Indian foreign exchange market is informationally efficient or not. For this study daily data on Indian rupee-US$ exchange rate have...

Using bilateral trade data for 16 service categories, this paper examines the patterns, evolution, and determinants of comparative advantage (CA) in U.S. services trade with China and India from 1992 to 2010. The results indicate that the U.S. has a CA in most services, except in more...

Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other...

Management education is critical to India's aspirations for leading the global knowledge economy. The global competitiveness of Indian economy and also its employment generation potential is clearly dependent on availability of required skills and trained personnel. India has witnessed a sharp...

The FMCG industry in India has been making significant contribution towards developing the economy not only by providing a large number of consumer goods necessary for carrying on day-to-day activities of the general people but also by generating a considerable amount of employment in India....

The Indian pharmaceutical industry is the fifth largest pharmaceutical industry in the world in terms of volume and the fourteenth largest in value terms. There have been several notable changes in the scenario of Indian pharmaceutical industry after the signing of GATT (now WTO). The mergers,...

All are aware of the fact that Return on Equity (ROE) is equal to Profit After Tax (PAT) divided by Owners' Equity. But, ROE represented by a single number begs more questions than it can answer. Such a singularity cannot take us far away to understand the complexity arising out of the interplay...

Worldwide, the presence of independent directors on the board of listed companies is seen as an integral element of a company's corporate governance process and has become a pre requisite for good governance. Consequently, in the recent years, governance reforms in India have increasingly pinned...