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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.
With recent revelations pointing to several offshore entities acting in concert with its promoters, the Adani group may have embarked on the task of wiping its slate clean.
On Tuesday, financial daily Mint reported that six of the eight Mauritius and Bermuda-based entities that allegedly had links to the Adani group had shut down. Their closure is significant. Just days before, on 25 August, the Securities and Exchange Board of India had, in a report to the Supreme Court, said that it was awaiting data from five offshore tax havens to identify the beneficiaries behind the foreign funds that had invested in the Adani group.
The six entities were among the conduits for investments in Adani group stocks, revealed a recent investigation by the Organized Crime and Corruption …
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.
