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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.
The regulator, despite having the legal firepower, has not made much headway in bringing culprits to book.
Editor's note: On 13 August, Rahul Kirloskar, one of the promoters of Pune-headquartered Kirloskar group, shot off a letter to Ajay Tyagi, chairman of the Securities and Exchange Board of India, questioning, among other things, the capital markets regulator’s credibility and independence. “…[We] earnestly request that you, as the custodian of the public interest, act at the earliest to rid India's capital markets regulator of practices that have no place in a fair, transparent and robustly governed business environment and uphold the integrity and impartiality of this institution. We urge you to examine the events and developments that have taken place right from 2010 in this matter, which will help you understand as to why we have chosen to write to you as a last resort," Kirloskar wrote in the letter, a copy of which was also marked to finance minister Nirmala Sitharaman. Kirloskar was peeved as he believed a few officials at SEBI were deliberately sharing with the media the regulator’s correspondence with him, and which, according to the former, could impact the outcome of a decade-long insider trading investigation by …
The regulator, despite having the legal firepower, has not made much headway in bringing culprits to book.
Editor's note: On 13 August, Rahul Kirloskar, one of the promoters of Pune-headquartered Kirloskar group, shot off a letter to Ajay Tyagi, chairman of the Securities and Exchange Board of India, questioning, among other things, the capital markets regulator’s credibility and independence. “…[We] earnestly request that you, as the custodian of the public interest, act at the earliest to rid India's capital markets regulator of practices that have no place in a fair, transparent and robustly governed business environment and uphold the integrity and impartiality of this institution. We urge you to examine the events and developments that have taken place right from 2010 in this matter, which will help you understand as to why we have chosen to write to you as a last resort," Kirloskar wrote in the letter, a copy of which was also marked to finance minister Nirmala Sitharaman. Kirloskar was peeved as he believed a few officials at SEBI were deliberately sharing with the media the regulator’s correspondence with him, and which, according to the former, could impact the outcome of a decade-long insider trading investigation by …
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
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.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
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.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
