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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 online travel aggregator is struggling to grow now more than ever. Meanwhile, its promoters' stake sales reveal a pump and dump pattern that does little to ease shareholders’ concerns.
Lately, it’s been getting tougher to make sense of online travel aggregator EaseMyTrip and its promoters, the Pitti brothers. Needless bonus issuances, big-bang business announcements that go nowhere and massive promoter stake sales are making its 1.089 million public shareholders, who have seen a relentless decline in the share price for 18 months, a worried lot.
This post on X, for example, raises concerns about the company’s corporate governance: “Gensol Engineering, EaseMyTrip, Ola Electric, and many others, our hard-earned money is gone is washed away because we invested in companies plagued by poor corporate governance… You must be extremely cautious …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
