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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 new entity will probably not have the Zee CEO at the helm. That could be a good thing.
On Monday morning, the Securities Appellate Tribunal dealt a hard knock to Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises CEO Punit Goenka. It upheld the Securities and Exchange Board of India’s 12 June interim order that barred the father-son duo from holding any managerial position or directorship in listed entities on account of their alleged siphoning off of funds.
In their defence, Chandra and Goenka argued that the interim order was delivered without giving them a hearing or even issuing them a show-cause, which they called unusual given the gravity of the order and it pertaining to issues …
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.
