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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.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
Atanu Chakraborty’s resignation as chairman of HDFC Bank earlier this week came as a bolt out of the blue. Worse still was the fact that the resignation cited ethical differences over goings-on at the bank, India’s largest private sector lender.
The chain of events that followed was meant to assuage markets, investors, depositors and regulators. There have been sweeping statements on how there is nothing wrong at the bank—including clarifications from Chakraborty himself that he is not alleging any wrongdoings at the bank. Interim chairman Keki Mistry went on to lend some personal equity to the situation, saying, “I also …
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.
