Envy
By ayanmisra
- 860 reads
Bombay is the financial capital of India. And the nerve-centre of allfinancial activity is Dalal Street. The impressive building that housesBombay Stock Exchange(established 1875) is situated in this area. It's ahuge structure that has been designed to convey its national importance.Within the structure is the actual exchange which lists upto 3500companies. The trading floor is a busy place with brokers constantlymonitoring the progress of the market. They negotiate with bothcorporations and buyers to arrange purchase and sale of shares. As thevalue of important shares climbs and falls a lot of lives and careersare made. Some top brokers have their registered offices within theexchange building. The index that everyone believes in is called BSESensex. It is calculated from the value of the top 30 shares beingtraded. The man in charge of the exchange is the Exchange PresidentM.G.Sen. He is a man who is both feared and respected.
The top brokers in the market are I.C.Rin & Company. Their main competitors are G.M.Til & Company. Rin is owned by well, I.C.Rin. Rin is fifty years old. Hebelongs to the old school. Til on the other hand is owned by thedeceased G.M.Til's son-in-law I.I.Kit. Kit wants to become rich fast. Heis prepared to do anything to fulfill his ambitions. The informationtechnology stocks are doing very well currently. Kit has been pushingBatt Software shares to his clients. He has told his clients that BattSoftware has come up with an innovation that enables people to talk tocomputers directly. However, it is published in the financialbroadsheets that all of Batt's overseas work has been rejected andreturned. This includes the proposed voice activation software.Naturally most people sell their shares of Batt Software. Due to thisthe BSE Sensex suffers a dip. President Sen is furious at this suddenfall. However I.C. Rin is able to give his clients shares of CattSoftware that has actually created programs for limited voiceactivation. The market is excited by this new development and the sharesof Catt Software are selling rather well. The BSE Sensex picks upmomentum once again.
Til is facing bankruptcy. Kit doesn't know whatto do. He devises a plan. He is friendly with the CFO of Batt Software.He persuades the CFO to write an anonymous article in a obscurefinancial daily. This article describes new plans of Batt Software forsetting up an overseas development centre. This is partly true but willhappen only if a new, cash-rich investor joins the Batt Bandwagon. Quitea few people from the interiors buy shares of Batt Software based on thearticle. But then someone makes a call to the company and asks about theexpansion plans. Enquiries are made and the culprits discovered. The CFOis related to the owner of Batt Software. So he is spared. However,I.I.Kit is booked for fraud and after a brief trial sent to jail.
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