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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.
The film production, distribution and content group’s companies in the US and India are in trouble with regulators. Yet, the brothers continue with their old ways.
In April, Ali Hussein, CEO-designate of Immerso, attended the entrepreneur summit at the Deloitte Knowledge Centre in Mumbai. He was there to understand the perspectives of investors on how to go about developing a global product in the virtual gaming and experience space.
A perfectly normal thing to do for the head of a startup that wants to build a virtual universe, inspired by sci-fi and mythology, in the hypothetical “metaverse”.
Except that NYSE-listed Eros Media World’s website lists him as the CEO of its streaming platform Eros Now. And, he also happened to be on the payroll of ErosNow …
The indictment of the former big bull and his associates is seen by the regulator as a ticket to redemption. But is it really?
The regulator has called a wrap on its probe into the post-Hindenburg market mayhem. In the process, is it taking the easy way out and doing more harm than good?
After becoming minority shareholders in March, the promoters are encashing leftover assets and continue transferring cash to related parties. No one seems bothered.
