The book "Capital Markets in India", brought out by the centre of excellence at ISB, the Centre for Analytical Finance (CAF) was formally launched on Monday, November 29, 2010.
The book, Capital Markets in India, fills an important need. It is a one-source guidebook to the major financial markets in India – equities, bonds, and futures and options – as well as to the industries that service the markets. The book comprises the different segments of the securities industry (brokerage business, securities analysis, underwriting business, to mention a few), and asset management industry spanning mutual funds, pension funds, hedge funds, venture funds, investor advisory services and others. The regulatory and legal system governing the capital markets is also an important focus area of the book. The target audience for the book is domestic and foreign investors, fund managers, analysts, and others, including researchers and students who have needed a book like this, but could not find one. While being lucid and accessible in its style, Capital Markets in India goes beyond simply stating statistics and history – it provides analysis and insights in every area it covers.
Professor Rajesh Chakrabarti and Professor Sankar De of ISB have jointly edited the book. Besides the two editors, the authors include leading practitioners (Zia Mody of AZB Partners, Chitra Ramakrishna of the NSE, Dr Bandi Ram Prasad, President of FTKMC and formerly Chief Economist, BSE), regulators (M S Sahoo, member, SEBI), and academic experts such as Professors Susan Thomas (IGIDR) and J R Verma (IIMA). The SEBI Chairman, C B Bhave, has kindly contributed the foreword. The book has been published by Sage publications.
The book is the outcome of a collaboration between CAF at ISB, and the Tokyo-based Nomura Institute for Capital Markets Research (NICMR). NICMR is a think-tank under the umbrella of Nomura Holdings, a giant multi-national financial group. While CAF provided the content, NICMR funded the project. Before this project, NICMR had partnered only with Brookings Institution, based in Washington DC.
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The book "Capital Markets in India", brought out by the centre of excellence at ISB, the Centre for Analytical Finance (CAF) was formally launched on Monday, November 29, 2010.