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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 has fined Samir and Meera Jain for not fully disclosing their ownership of two listed companies that hold shares in Bennett Coleman and Co. The Jains want you to think otherwise.
On 28 March, the Securities and Exchange Board of India put out two similarly worded orders on two different companies that are listed on the Calcutta Stock Exchange. Both the orders fined and passed strictures against Samir Jain, the vice chairman and managing director of privately owned Bennett Coleman and Co. Ltd, better known as the Times Group.
The SEBI orders were in respect of Camac Commercial and PNB Finance and Industries, which together own 21.59% of BCCL, the publisher of The Times of India. Apart from Samir Jain, the orders also fined his wife Meera and daughter Trishala and …
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.
