Bhave's last leg

While a successor to Sebi chief C B Bhave has been named, the incumbent Mr Bhave has two more months in office. His recent decisions and statements have made many market players uncomfortable. However, when Mr Bhave called on a senior minister in New Delhi recently, he was told that he must continue to function without fear or favour till his very last day in office. You are in the saddle as long as you are in saddle, he was told. So, keep riding till you ride into the sunset.