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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 Subrata Roy-helmed group’s immediate fortunes hinge on getting back the money lying with SEBI. A delay could turn into a disaster.
The Sahara group could well be sitting on a ticking time bomb. It already faces a situation of delayed payments to thousands of members of its four pan-India cooperative societies.
The crisis was flagged last August when a joint secretary of cooperatives and central registrar of cooperative societies in the Ministry of Agriculture wrote to the Ministry of Corporate Affairs asking for an investigation by the Serious Fraud Investigation Office into the cooperatives run by the Sahara group. Till that time, the popular impression was that Sahara’s controversial chief promoter, Subrata Roy, was beleaguered as his fundraising efforts had been …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
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.
