The rise of operators like Halwasiya epitomises India’s current stock market boom led by unheard-of growth (or manipulation) in small, unheard-of stocks.
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A lawsuit in the US threatens to eclipse a significant chunk of the overseas business done by India's biggest solar panel manufacturer, putting its investors at grave risk.
Picking Zomato and Jio Financial Services for inclusion in the benchmark index is part of a larger trend where NSE opts for expensive stocks. Meanwhile, cheaper Chinese equities beckon investors.
The resignation letter penned by one of the two independent directors who stepped down recently details serious issues—from fraud to the promoter’s litany of cases—further complicating life for Ebix’s new owner.