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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 should act to protect retail investors who continue to buy the bankrupt airline’s shares, whose value will be wiped out almost entirely.
Editor's note: Did you know that one not so fine morning your holding in Jet Airways can fall by 99%? That is, if you hold 100 shares of Jet Airways in your demat account today, you will be left with just one share. This is not a mere possibility—it is going to happen suddenly in the near future. We are writing about this open secret because the Securities and Exchange Board of India too knows this eventuality but isn't doing anything to stop trading in the Jet Airways stock. In the meanwhile, investors are having a ball trading the stock, which rose from a low of Rs 90 to Rs 124 and is currently trading at Rs 95. The volumes aren’t big. The stock still trades an average 30,000 shares a day, but there were days when half a million shares changed hands in the past six months. It is also evident that the price movements track corporate news that comes out from time to time, such as Jet buying aircraft or testing flights. It appears that investors at large are still …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
