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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 government has been keen to rein in the monopoly of the leading power exchange. Its latest salvo has rattled the stock. Separately, Zee’s Punit Goenka is in SEBI’s cross hairs.
On 8 June, the Indian Energy Exchange stock dipped 8% in the morning trade and 10% the following day. This was after the power ministry asked the power regulator to begin the process of coupling the country’s three power exchanges. The idea was to ensure that buyers and sellers realise the best price across all the exchanges.
Soon after, IEX managing director S.N. Goel, in an interview to CNBC TV18, said the move will “kill innovation and competition in the sector”.
On the face of it, by meddling with power trading—and reducing the dominance of the country’s leading power …
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.
