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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 market regulator uncovers previously undisclosed details on how Anmol Jaggi and his family members misappropriated company funds, bars them from serving as its directors in an interim order.
In a major regulatory development, the Securities and Exchange Board of India (SEBI) on Tuesday issued an interim order against Gensol Engineering Ltd and its promoters for allegedly misappropriating loans intended for the purchase of electric vehicles.
According to the order, Gensol and its promoters—Anmol Singh Jaggi and Puneet Singh Jaggi—are accused of diverting substantial loan amounts through complex transactions for personal use, including the acquisition of luxury real estate.
The interim order states that an investigation revealed that out of Rs 977.75 crore secured from IREDA and PFC as term loans, Rs 663.89 crore had been earmarked specifically for …
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.
