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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.
We looked into the antecedents of eight foreign funds with an interest in Adani group companies and what we found doesn’t look pretty
Business tycoon Gautam Adani’s billion-dollar empire has routinely faced attacks from critics who have alleged that all is not kosher with his meteoric rise. These attacks have so far been dismissed as being of no consequence, having their basis in rumours and baseless innuendos. Even the doubts raised last month over the foreign shareholders in Adani’s listed companies, which led to a Rs 1 lakh crore wealth erosion, were put down to a motivated attack.
However, this changed about 10 days back when minister of state for finance Pankaj Chaudhary said that there were active probes pending against the group. …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
