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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.
In March, the company told stock exchanges that it was not aware of any investigation against it in the US. The DoJ indictment unsealed on Wednesday says this is not true.
The Securities Exchange Board of India is likely to investigate the Adani group’s renewable energy company, Adani Green Energy Ltd, over a false disclosure to the stock exchanges in the country, says a person with direct knowledge of the matter, asking not to be identified.
The US Department of Justice, in the indictment unsealed late on Wednesday, said Adani Green Energy had not only concealed an ongoing investigation against senior executives in the US, but also lied about knowledge of any such investigation in its disclosures to the Indian stock exchanges.
“This is something we need to ask exchanges and …
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.
