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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.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
The scale of the allegations outlined in the Securities and Exchange Board of India’s interim order against Rajesh Exports and its promoter Rajesh Mehta on Wednesday has triggered a predictable storm across social media, television studios, and investor circles. Claims of revenue misrepresentation, diversion of funds, and non-cooperation with the regulator are serious, and the numbers involved are, by any measure, staggering.
But for all the outrage the order has generated, one crucial qualifier cannot be ignored: it is, at this stage, an interim order. The findings are not final. Rajesh Exports and Mehta retain the right to present their …
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.
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.
