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Illustration: Binay Sinha
The frenzy that centred round the SME initial public offering of Resourceful Automobile indicates the primary market is in a phase of irrational exuberance. Our editorial in this regard notes that history suggests momentum of this nature cannot be halted by mere cautionary advisories. Sober advice will be ignored until such time as there is a crash in the primary market, or some event dampens overall market sentiment. Retail investors would be well advised to approach the market with caution and the exchanges must ensure that only quality issues make it to the market. Read here
In other views
High immigration and demographic change are huge concerns globally. Political correctness should not prevent us from discussing them, writes R Jagannathan. Read here
The employment-linked incentive scheme is a commendable start, but addressing jobless growth requires bolder, more innovative policies, writes Amarendu Nandy. Read here
First Published: Sep 04 2024 | 6:30 AM IST
