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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.
Hyderabad-based company leaves out crucial details on promoter holding with zero consequences so far
The tale of Brightcom, its promoters and India's capital markets regulator is a story in three acts. One that reflects poorly on all involved.
What would you expect when a promoter group sells 90% of its stock in a company that has seen its share price rise very quickly and is currently under investigation by the securities regulator?
At the very least there would be an exodus of investors and the company's shares would tank. Right?
Well, the shares of Hyderabad-based digital marketing solutions company Brightcom Group, which is under a forensic audit by the Securities and Exchange …
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 month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
