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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.
SEBI, in the process of fixing blame on commodity brokers, has turned the spotlight on the Forward Markets Commission for allowing the spot exchange to get away with flouting the rules.
Over the past few months, the Securities and Exchange Board of India has put out a series of orders against commodity brokers involved in the National Spot Exchange scam. Almost identically worded, the orders recommend cancellation or suspension of their commodity broking licences. Hundreds of brokers have been affected, among them big names such as Kotak Commodity Services, Nirmal Bang Commodities and Religare Commodities.
The scam itself dates back a decade to when the National Spot Exchange was abruptly stopped by the Forward Markets Commission, then the regulator of commodity markets, from offering spot contracts. The FMC said the 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 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.
