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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.
It’s not just a higher offer that won Axis the deal + The market regulator finally comes to the rescue of long suffering bond investors.
Furquan here. The world of finance made big news this week. Uday Kotak ended his tenure at IL&FS on a high and further secured his place at the top of Indian banking today. But how did he end up losing the deal to buy Citibank’s retail assets in India to Axis Bank? Axis Bank, led by Amitabh Chaudhry, played it smart. Separately, SEBI had some good news for bond investors who have suffered the most when it comes to recovering money from defaulting companies. The answer is in blockchain. Read on.
On 29 …
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.
