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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: This is the seventh edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Jayshree here. Three weeks ago, I had written about the perils of trading in the stock of a bankrupt company. The company was DHFL. I had said: “Retail investors were flocking to the stock, influenced by tips on social media that seemed to suggest that the stock was headed the ‘Ruchi Soya way’.” As it turns out, the sham—or opportunity as some would rather call it—at the Ruchi Soya counter is not over. It’s something that has disturbed, and irked, me no end. Here’s why. Ruchi Soya Industries Ltd, a company which had gone bankrupt in 2019, now commands a valuation of Rs 33,255 crore. If you’ve been observing the public markets for as long as we have, you know this is either a scam or an opportunity. The objective of this week’s Street Smart is …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
