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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.
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 Securities and Exchange Board of India is holding discussions with stock exchanges to decide how thinly traded or dormant listed companies can be delisted more effectively to prevent their misuse through public takeovers, according to two people directly aware of the development.
“The problem of multiple old dormant listed entities is not a new one, and we have been living with it. But now the regulator has taken cognizance of it and is engaging with the National Stock Exchange and BSE to frame a mechanism to delist such entities more promptly,” says one of the two people cited above, …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
