Resources
EDIFAR - Electronic Data Information Filing and Retrieval System
India’s version of the EDGAR, which is the US system for the regulatory filings that investors rely on for their due diligence. India’s effort is not as comprehensive. For one, many companies don’t post their filings on a timely basis, others not at all. Next, many that do file very cursory reports that leave a lot to be desired in terms of disclosure and detail. SEBI, which is India’s SEC and CFTC combined is pushing companies to be more compliant. We look forward to better compliance and better reporting in the years ahead.
RBI - Reserve Bank of India
India’s central bank and monetary policy setting body. Unlike the US, where the Federal Reserve Bank is independent, the RBI is owned and operated by the Indian government. The RBI’s mission according to its website is to “…to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.” The Indian Rupee has in the past been a poor store of value primarily due to the mismanagement of the economy and high current account deficits caused by profligate spending. The website provides a feel for the considerations that drive monetary policy in India, with some digging around.
MoneyControl
Moneycontrol is a Financial Portal. One of many in India. Moneycontrol was among the first and has enormous depth and breadth of coverage of Indian companies. Recent changes have made the portal easier to use, although it’s still quite difficult to navigate. Moneycontrol’s portfolio feature is useful, but not unique and certainly not user friendly. Nonetheless, the site is a premier India financial site with lots of information on Indian stocks.
India Infoline
India Infoline, which has the crass but perhaps truthful tag line of “It’s all about money, honey” is another financial portal. The layout is cleaner but it’s still difficult to navigage to the data or information that you want. Not as comprehensive in its company information as Moneycontrol but still useful.
Value Research Online
A site focused on Mutual Fund investing in India. Perhaps the best Indian site in terms of content. Has a premium service that offers ratings on mutual funds. Commentators are sharp, value oriented and their opinions are well worth reading for all Indian investors, not just mutual fund investors in India.
Business Line India
One of numerous business oriented newspapers from The Hindu Group, a major news provider in India providing comprehensive news coverage of the Indian markets and economy.
Economic Times India
The premier financial newspaper in India that has modeled itself after the Financial Times in the UK, pink color newsprint and all. Required reading for all Indian investors.
Financial Express India
From the publishers of Indian Express, a major news provider in India offering full coverage of the Indian economy and markets.
Knowledge@Wharton India
Knowledge@Wharton is a magazine of the Business School of the University of Pennsylvania. It’s coverage of India is thematic, long-term in outlook and focuses on individuals.
National Stock Exchange of India (NSE)
India’s premier exchange accounting for approximately 70% of the volume in equities. NSE also offers investors access to government and corporate debt markets and various futures and options products.
Bombay Stock Exchange (BSE)
Until the launch of the NSE in 1994, the BSE was India’s premier exchange. BSE is now India’s secondary exchange offerring access to equities, debt and derivatives.
Multi Commodity Exchange of India (MCDEX)
One of the two main commodity and derivatives exchanges in India. MCDEX offers markets in everything from gold to oil to pulses to spices.
National Commodities and Derivatives Exchange (NCDEX)
One of the two main commodity and derivatives exchanges in India offerring markets in 57 products spanning from standards like oil and gold and copper to spices and numerous agricultural crops.