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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.
Anmol Jaggi has led Gensol to disaster. As investors face the brunt of his mistakes, the only question to answer is: is he incompetent or is there malice in his actions? For any answer to emerge, he must first step aside.
Long before others caught on, we at The Morning Context have reported on several issues at Anmol Singh Jaggi’s Gensol and BluSmart. Here, here and here. The nut of our earlier coverage has been that Jaggi’s ventures are bloated and lacking in strategic direction, with the added suspicion of poor financial controls. Last week, all of this came to a head.
It started with two ratings agencies downgrading Gensol Engineering’s credit rating to the default category, which triggered a massive market meltdown. Gensol’s stock tanked, hitting lower circuits in four of the six trading sessions since Care Ratings’s …
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.
