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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 government has been keen to rein in the monopoly of the leading power exchange. Its latest salvo has rattled the stock. Separately, Zee’s Punit Goenka is in SEBI’s cross hairs.
On 8 June, the Indian Energy Exchange stock dipped 8% in the morning trade and 10% the following day. This was after the power ministry asked the power regulator to begin the process of coupling the country’s three power exchanges. The idea was to ensure that buyers and sellers realise the best price across all the exchanges.
Soon after, IEX managing director S.N. Goel, in an interview to CNBC TV18, said the move will “kill innovation and competition in the sector”.
On the face of it, by meddling with power trading—and reducing the dominance of the country’s leading power …
The NASDAQ-listed brokerage is joining a growing list of fintech firms setting up shop here. What could be in store?
A market dominated by speculative activity is enriching sophisticated traders at the expense of retail investors, distorting exchanges and brokerages, and putting household savings at risk.
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.
