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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’s interim order details how the green energy poster boy built a paper empire with investor money while living a billionaire lifestyle.
The Securities and Exchange Board of India on Tuesday issued an interim order against solar EPC company Gensol Engineering and its promoters for allegedly misappropriating loans intended for the purchase of electric vehicles.
According to the order, Gensol and its promoters—Anmol Singh Jaggi and Puneet Singh Jaggi—diverted substantial loan amounts through complex transactions for personal use, including the acquisition of luxury real estate.
Also read: SEBI finds Gensol misused EV loans for personal gains
As a result, SEBI has barred the promoters from serving as directors or holding key managerial roles in Gensol and prohibited them from trading in securities. …
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.
