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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 has managed to evade the media spotlight so far though its role as custodian makes it complicit.
T. Ravi Kumar still can’t get over the shock of that day, back in August 2020, when he checked his demat account with Anugrah Stock and Broking. The shares in his account had vanished. The Hyderabad resident then tried reaching out to Paresh Kariya, founder and director of the firm, but got no response.
Finally, on 9 February this year, after trying and failing to get answers from various agencies, he proceeded to file an FIR with the Hyderabad Police, claiming to have been cheated of Rs 1.87 crore. The police have now launched an investigation in the matter.
Kumar …
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.
