/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The regulator has asked the influencer, his partner and a private firm with which they are associated to refund the fees collected for online trading courses and slapped heavy restrictions on all concerned.
Even by SEBI’s standards, its action against Mohammad Nasiruddin Ansari, an influencer who goes by the handle Baapofchart across X (Twitter), Facebook, Instagram, YouTube and Telegram, was quick.
The regulator received a complaint on 29 June from someone who had paid Rs 6,000 to the influencer to learn lessons on trading and announced its interim order on 25 October, taking just four months to make up its mind. Justifying its haste, SEBI said it was to prevent “the continuation of any further fraudulent or unregistered activities in the interest of investors”.
Ansari’s main business is teaching a few online courses …
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.
