Author
The writer is author of the book: The Market Mafia - Chronicle of India’s High-Tech Stock Market Scandal & The Cabal That Went Scot-Free. Palak has been a journalist in Mumbai for nearly two decades now. He has worked for most premier pink papers including The Economic Times, Business Standard and The Financial Express and The Hindu Business Line. He was drawn to crime reporting at the age of 19 but a few years in the field told him that the fabric of crime had changed and the organised gangs, as Mumbai had witnessed during the eighties, no longer existed. It was business and markets that dominated the scenario. His passion to unravel the intricacies of the ‘white money’ economy led Palak to the world of finance and regulations.
New rules on F&O inclusion and exclusion being proposed to curb manipulation. Criteria around trading history and volumes to be tightened for inclusion of stocks in F&O. Also, stocks with lower trading in F&O to be automatically thrown out
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Unlike India's other large banks, all the para banking assets are being acquired by promoter entity IIHL instead of Indusind Bank, which has the same aspirations. Promoters gain but are public shareholders of the bank losing out?
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India's huge jewellery retail market is under the scanner for non-compliance with PMLA norms
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Especially in the light that 22 apparent errors have been found in the judgement, some of which related to erroneous quoting of CMRS. What was not DMRC’s case before the Arbitration Tribunal has been used by the Curative Judgement to conclude that CMRS as certificate meant defects were cured or effective steps taken in the cure period.
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Meticulous investigations and study of documents by experts has revealed apparent errors in the recent Supreme Court (SC) judgement on the Curative Petition brought by Delhi Metro Rail Corporation to overturn SC's own final order
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Political agenda of the July 13 meeting of NDA leaders at the Jio Centre, BKC is unknown. SEBI in haste issued a circular to appoint the wife of a very close aide of the Gandhi family on a committee
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Rajib Kumar Mishra was barred by SEBI from having board seats in any company for six months with Rs 10 lakh penalty
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If convicted for human trafficking, Prakash Hinduja family could be sentenced in prison for up to 5 years. Ajay Hinduja also faces allegations over control of Hinduja Bank and proceedings are ongoing
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Skeletons of India's biggest defence scandal, after Bofors, have been long buried in Italy before Narendra Modi took charge as Prime Minister. These skeletons will now come back to life during his third term, which started with a visit to Italy, sources say
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Mumbai's Nadkarni family, whose third generation is now into paints manufacturing, has alleged in legal forums that the late Ashwin Dani and entities close to him came in as minority shareholders in their family-owned company and tricked them into becoming majority shareholders. Dani was actually eying the crucial patents and inventions by Jayram Nadkarni, the nonagenarian, known as the father of India's paint manufacturing industry.
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