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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.
This is the last edition of Friction. The end is a little sad as it’s been a great ride so far. But it’s also exciting because Friction will be replaced by something bigger and better. When we started Friction, we were looking at a newsletter that would talk about issues of corporate governance and (no points for guessing this one) friction—between promoters, and promoters and shareholders. Along the way, Friction began to evolve and varied topics, not necessarily in keeping with the core theme, began to find space.
It made us realize that things like governance, infighting between board members …
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.
