Indhumathi Gunasekaran

The sectoral analysis quantifies the key parameters of the economy. The analysis of different sectors of economy facilitates the Government to use it as the reference guide for the formulation of economic policy. The sectoral analysis is a summary that explains the economic growth report covering different industries. The sectoral analysis of our economy focuses on the key points of the latest reforms initiated by the Government of India. In addition, the study of this nature, analyses the efficiency of corporate sectors in the stock market. The banking industry is the core sector of the economy and therefore this paper tests the market efficiency across the companies under banking sector, listed at the BSE, by using the daily closing share prices from Jan 2006 to Dec 2009. The parametric and non-parametric tests were used for analysing the sectoral efficiency of sample banking companies and it is found that the banking sector was efficient during the study period.

Tourism is a fastest growing industry where human spirit is deeply involved to know more about the nature and its mysteries. A tourist is keen to know about the phenomenon of the tourism and he has a hope of getting maximum satisfaction when he plans a tour programme. Tourism is a composite of activities - services and industries that delivers a travel experience namely transportation, accommodation, eating and drinking establishment, shops, entertainment, activity facilities and other hospitality related services available for individuals or groups that are travelling away from home. The present study has made an attempt to analyze the level of satisfaction of tourists who visited to different tourist centers at Tiruchirappalli District, India.

Mergers and acquisition becomes the major force in the changing environment. The policy of liberalisation, decontrol and globalisation of the economy has exposed the corporate sector to domestic and global competition. To determine the success of a merger, it is to be ascertained if there is financial gain from mergers. The present study is limited to a sample of companies listed in BSE which underwent merger during the period of 2002-2005. It is proposed to compare the performance of the acquirer and target companies before and after the period of mergers by using ratio analysis and t-test during the study period of three years. The study found that the shareholders of the acquirer companies increased their financial performance after the merger event.

Mergers and Acquisitions (M&As) have long been a popular strategy for firms and represent an important alternative for strategic expansion. Technological development and globalization have vastly contributed to the popularity of Mergers and Acquisitions. The Mutual Fund Industry is a fast growing sector in Indian capital and financial markets. They have become major vehicle for mobilization of savings, especially from the small and household savers. The mutual fund mergers are a recent phenomenon in India. There are many different reasons for mutual fund schemes merger or buy-outs. Unlike many non-investment products, mutual funds live and die by their performance. This article attempts to study the performance of mutual fund merger in Indian mutual fund industry by using performance measures like Sharpe Ratio and Treynor Ratio.