Relative Effectiveness of Signals in IPOs in Indian Capital Markets

IPO by a firm calls for assessment of potential agency problems and associated costs by the outside investors. The potential conflict of interest problems between insiders and outsiders could be very high in countries with weak corporate governance mechanisms like India. Theoretically it could be argued that there are quite a few signals related to the firms in the IPO context and available to the investors, which could be used by them to assess the quality of firms. Based on cross-sectional data of 1243 IPOs in Indian markets during 1993-95 period, we find that the under-pricing (or realized excess returns), inside equity and pre-public offer firm reservations made for institutions and mutual funds explain the extent of oversubscription across IPOs. The type of agency appraising the project and presence or absence of foreign financial and/or technical collaborators fail to explain the extent of oversubscription across IPOs. In addition, we find that subscription rate rather than realized initial returns as dependent variable sheds more light on the effect of signals in a fixed-price open offer IPO process characterized by listing with considerable lag.

WOMEN EMPOWERMENT UNDER MADHYA PRADESH GOVERNMENT - AN OVERVIEW

Women cover around half population of the country so they are half power of the country. That's need equal rights, facilities and opportunities to go ahead and contribute to the development of India. Women empowerment is very necessary to make the bright future of the family, society and country. In Indian society, there was a custom of female infanticide, child marriage, dowry system, domestic violence, sexual violence, sexual harassment at work place, etc including other discriminatory practices. Women are so helpless in the Indian society where female as goddess are worshiped. The various schemes launched by the central and state government of India to empowerment of the women in India. The Government of India is implemented a number of programmes, for improving access to health, safety, protection, better education, employment etc. without much load on the parents. This work is focused about the schemes of government of Madhya Pradesh (MP) state, situated in the centre region of India. The necessary informations have been collected from the Internet using the various keywords related to the schemes

Chiral plasma instability and primordial Gravitational wave

It is known that cosmic magnetic field, if present, can generate anisotropic stress in the plasma and hence, can act as a source of gravitational waves. These cosmic magnetic fields can be generated at very high temperature, much above electroweak scale, due to the gravitational anomaly in presence of the chiral asymmetry. The chiral asymmetry leads to instability in the plasma which ultimately leads to the generation of magnetic fields. In this article, we discuss the generation of gravitational waves, during the period of instability, in the chiral plasma sourced by the magnetic field created due to the gravitational anomaly. We have shown that such gravitational wave will have a unique spectrum. Moreover, depending on the temperature of the universe at the time of its generation, such gravitational waves can have a wide range of frequencies. We also estimate the amplitude and frequency of the gravitational waves and delineate the possibility of its detection by future experiments like eLISA.Comment: 8 pages, 2 figure

Gravitational waves in neutrino plasma and NANOGrav signal

The recent finding of the gravitational wave (GW) signal by the NANOGrav collaboration in the nHZ frequency range has opened up the door for the existence of stochastic GWs. In the present work, we have argued that in a hot dense neutrino asymmetric plasma, GWs could be generated due to the instability caused by the finite difference in the number densities of the different species of the neutrinos. The generated GWs have amplitude and frequency in the sensitivity range of the NANOGrav observation. We have shown that the GWs generated by this mechanism could be one of the possible explanations for the observed NANOGrav signal. We have also discussed generation of GWs in an inhomogeneous cosmological neutrino plasma, where GWs are generated when neutrinos enter a free streaming regime. We show that the generated GWs in an inhomogeneous neutrino plasma cannot explain the observed NANOGrav signal. We have also calculated the lower bound on magnetic fields' strength using the NANOGrav signal and found that to explain the signal, the magnetic fields' strength should have atleast value $\sim 10^{-12}$ G at an Mpc length scale.Comment: 7 Pages and 1 figure

Evidence for two spin-glass transitions with magnetoelastic and magnetoelectric couplings in the multiferroic (Bi1−x_{1-x}Bax_x)(Fe1−x_{1-x}Tix_x)O3_3 system

For disordered Heisenberg systems with small single ion anisotropy, two spin glass transitions below the long range ordered phase transition temperature has been predicted theoretically for compositions close to the percolation threshold. Experimental verification of these predictions is still controversial for conventional spin glasses. We show that multiferroic spin glass systems can provide a unique platform for verifying these theoretical predictions via a study of change in magnetoelastic and magnetoelectric couplings, obtained from an analysis of diffraction data, at the spin glass transition temperatures. Results of macroscopic and microscopic (x-ray and neutron scattering) measurements are presented on disordered BiFeO3, a canonical Heisenberg system with small single ion anisotropy, which reveal appearance of two spin glass phases SG1 and SG2 in coexistence with the LRO phase below the A-T and G-T lines. It is shown that the temperature dependence of the integrated intensity of the antiferromagnetic peak shows dips with respect to the Brillouin function behaviour around the SG1 and SG2 transition temperatures. The ferroelectric polarisation changes significantly at the two spin glass transition temperatures. These results, obtained using microscopic techniques, clearly demonstrate that the SG1 and SG2 transitions occur on the same magnetic sublattice and are intrinsic to the system. We also construct a phase diagram showing all the magnetic phases in BF-xBT system. While our results on the two spin glass transitions support the theoretical predictions, it also raises several open questions which need to be addressed by revisiting the existing theories of spin glass transitions by taking into account the effect of magnetoelastic and magnetoelectric couplings as well as electromagnons.Comment: 59 pages 21 figure

Bayes Estimation of Shape Parameter of Length Biased Weibull Distribution

In this paper, length biased Weibull distribution is considered for Bayesian analysis. The expressions for Bayes estimators of the parameter have been derived under squared error, precautionary, entropy, K-loss, and Al-Bayyati’s loss functions by using quasi and gamma priors

Thermal SZ effect in a magnetized IGM dominated by interacting DM decay/annihilation during dark ages

During cosmic dawn, the thermal history of the universe is well studied, and a study of this era can give us some of the most useful insight into the universe before the recombination epoch. Its precise modeling and future high-precision measurements will be a valuable tool for determining the thermal history of the universe. In the present work, we study the thermal and ionization history of IGM in the presence of decaying magnetic fields via ambipolar and turbulent decay, Baryon-Dark matter (BDM) interaction, including the DM decay/annihilation. The BDM interaction cross-sections considered are of the form $\sigma=\sigma_0 v^{n}$, where $n=-2$ and $n=-4$. In this work, we show that in the current scenario, the decay/annihilation of the DM particles have a considerable impact on the temperature and ionization histories at low redshift. With the addition of the concept of fractional interaction, which states that if a fraction of the DM particles interacts with the baryons, the temperature and ionization fraction of the baryons show a strong dependence on the percentage of DM particles interacting with the baryons. We have also studied the interesting consequences of the present scenario on the thermal Sunyaev-Zeldovich (tSZ) effect. We show that the highest value of the absolute value of the mean $y-$parameter in the current DM decay/annihilation scenario is well within the values derived from experimental data such as PLANCK, FIRAS, and PIXIE. Later we calculate the bound on the ordinary magnetic fields originating from the Dark photons.Comment: 16 page, 23 Figures (Comments and suggestions are welcome