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Dec 6, 2024 | 
businessworld.in | Palak Shah
Elon Musk's entry in India is hanging like a Sword of Domicile over Reliance Industries (RIL), India's most valued listed company for several decades. This, since Musk with Starlink and SpaceX is way ahead of the curve compared to Mukesh Ambani's Reliance Jio (telecom leader in India), when it comes to capex on satellite telephony - the future of the global telecom tech.
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Dec 4, 2024 | 
businessworld.in | Palak Shah
Sebi official Anita Anoop, who was handling some of the matters related to Adani Group, was transferred abruptly last week, sources told BW. She is at the rank of chief general manager (CGM) at SEBI and was one of the competent authorities at the Quasi Judicial Cell that deals with show cause notices (SCN).
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Nov 24, 2024 | 
businessworld.in | Palak Shah
Did Adani Enterprises (AEL) violate shareholder disclosure norms in India during its Rs 4,200 crore qualified institutional placement (QIP) issue that closed in October? In September this year, market regulator SEBI issued a slew of show cause notices (SCNs) to entities connected to the Adani group, including the key family members and promoters.
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Nov 23, 2024 | 
businessworld.in | Palak Shah
License Raj was a system between the 1950s and 1980s when incumbent governments in India maintained a tight leash over businesses through excessive and arduous regulations. Businessmen were burdened with 'severe' licensing norms and a barrage of conditions to fulfill. Tough conditions usually coerced businesses into violating some or other rule, thereby attracting red tape.
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Nov 19, 2024 | 
businessworld.in | Palak Shah
There is no better corporate strategy than hurting your opponent via a proxy war. Names of a handful big players in India's power sector is an open secret and in the war for establishing supremacy, RPower (Reliance Power) may have become a soft target for a large Gujarat based rival due to the past perception surrounding the company.
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Nov 11, 2024 | 
businessworld.in | Palak Shah
Sebi And The Akbar-Birbal TalesGrapevine says that if the two recent shots fired by Sebi are anything to go by, then Madhabi Puri Buch knows a thing or two about turning the tide. Recently, she was in the eye of the storm due allegations of conflict of interest and bias for giving a free pass to the Adani Group and promoting Real-estate Investment Trusts (REITs) backed by Blackstone, where her husband was an advisor.
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Nov 9, 2024 | 
businessworld.in | Palak Shah
Piramal Pharma (PPL) has been exonerated in a case related to alleged non-disclosure of material information to the shareholders. SEBI failed to prove materiality in the event that was not disclosed by the company. The case relates to Piramal Enterprise Ltd (PEL) being fined Rs 8.32 crore by the National Green Tribunal (NGT) for failing to comply with environmental standards on water pollution from its pharmaceutical unit.
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Nov 6, 2024 | 
businessworld.in | Palak Shah
Donald Trump's election win and 'his iconic victory dance moves' has cheered the global stock markets with the benchmark indices across the world gaining between 1.5 to 3 percent.
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Oct 30, 2024 | 
businessworld.in | Palak Shah
Market regulator Sebi has recently issued a show cause notice (SCN) to billionaire businessman Gautam Adani and his brothers Rajesh and Vasant Adani, sources told BW Businessworld. The SCN has also been issued to Pranav Adani, nephew of Gautam Adani and one Pranav Vora. Other Adani Group linked entities who have been given a SCN include Dharmesh Parekh, Opal Investments Pvt Ltd, Gulf Asia Trade, Emerging India Focus Fund and Global Macro Asset Management, a Bremuda based fund, among others.
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Oct 29, 2024 | 
businessworld.in | Palak Shah
Notices issued under Sec.11 and 11(b), which empower Sebi to impose directions, penalties. Funds, investors, and other characters mentioned in the 2022 Hindenburg Report also get notices. SCN to Adani Enterprises, Adani Ports, Adani Power and Adani Energy Solutions. Taiwan-based Chang Chung-Ling mentioned in SCNs.
