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.
Most concerning development: Defense and maritime experts worried as hundreds of Chinese vessels frequently spotted within 500 nautical miles of India's two main coasts; signs of China upping its 'grey zone' activity in areas dominated by India. Many of the Chinese distant water fishing vessels also double up as miniature spy ships or just troublemakers like in the South China Sea
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Foreign portfolio investors yet again failed to gain from their bearish bets on the Indian markets for the third time this year; instead had to rush to cover their short positions as the Modi wave remained as strong as 2015 and the mood of the nation indicated a thumping majority to BJP in 2024 national elections
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Over 400 flats, two mega residential towers, commercial space, resorts, building space, hundreds of acres of land ownership in Varanasi, Rs 300 crore worth investments, secretly owned by the Samajwadi party MLA has been unearthed by the Uttar Pradesh income tax department. Azmi evaded questioning by IT officials but his associates declared ₹160-crore undisclosed income after IT raids
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CJI DY Chandrachud questioned the credibility of the Hindenburg report. SC hearing reveals that Socialist and activist lawyer Prashant Bhushan passed documents to George Soros-funded organisation OCCRP to write a story against Adani Group
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Probe ordered after a whistleblower complaint revealed a pattern that whenever securities held by a fund scheme faced ratings downgrade or risk of adverse credit view, they were simply moved to another scheme with higher retail participation An attempt was made to hide bad investments in some Indian schemes by transferring them into other global funds. The Indian schemes continued to buy bad papers.
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Piecemeal chargesheet, incomplete investigations, distortion and digression from the original case, a sheer testimony of the massive failure of India's premier investigative agency emanates from the court records. CBI's arrest memo of Chitra Ramkrishna and charge-sheet filed against her had no connection, Ravi Narain was never arrested in co-location scam at all
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Chronicle of stock market turbulence foretold. Equity bulls have been largely skeptical about the U.S. Federal Reserve's historic rate hike, 500 basis points in a year. But if the Fed infused a massive bout of liquidity in 2020 amidst the peak of the pandemic was a catalyst that led to a three-year bull-run and propelled the global stock markets to new lifetime highs, naturally, the market rally should pause now with the Fed moving to curb liquidity with an iron hand
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FPI shorts in index futures at 1.75 lakh contracts is second highest in 2023 after 1.96 lakh contracts seen in March 2023
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SAT Judge called Sebi's logic of ex-parte order a 'Carte Blanche.' Fresh reasoning in the final order, extended investigations time of 8-month and difference of opinion between Sebi chief and WTM weakened the case
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All the three states go to polls in November and the results will be declared on 4 December. Scindia factor in MP to benefit BJP, while lack of a CM face in Chhattisgarh will hurt. Bookies expect turnover to cross Rs 50,000 crore
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