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.
The upper circuit in Nifty and Sensex (a sign of extreme euphoria) following the Congress Party's 2009 return to power with just 206 seats...hid one of India's biggest stock market scandals. On the election results day in 2009, a measly trading turnover worth less than USD 300 million (less than Rs 1500 crore then) had shut down a near trillion dollar market, without giving anybody a chance to buy or sell. What really happened now when the PM Modi-led alliance secured 293 seats?
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Corporate India's Stunning Silence On Modi's Third Term
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Foreign investors hold the largest bearish positions in India's stock market history, with a short 3.18 lakh index futures contracts. A big short covering rally is in the offing if BJP wins majority seats. Satta Bazar predicts BJP's easy win over more than 300 seats
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Auditors seek accounts of expenses made by Co CMD and have asked CFO to certify it
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After IAF in 2016, the Indian Navy is now buying Rafale Marine Fighter Jets. But the reported cost of the deal at Rs 50,000 crores for 26 aircraft seems nearly double of what IAF paid as the "base price" of 36 Jets, believe experts
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Following this, KAL Airways and Kalanithi Maran appealed to the Single-Judge Bench of the Delhi High Court, seeking the same amount in damages, which was again rejected by the court
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Deadlock over RCAP Debt Resolution as COC led by LIC, EPFO plans to encash Rs 500 crore bank guarantee by Hinduja and term it as an event of default. The matter to be heard in NCLT on 6 June
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Money was returned following concerns raised by auditors and board members with regard to the Co. bearing the legal cost of Mishra's own legal issues with Sebi
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Mehra is founder of First Global. Dubai authorities had issued a LOC against her on February 2, following which order to freeze her bank A/cs was issued on February 29. Her accounts with Abu Dhabi Commercial Bank and Emirates NBD have been seized
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No place for confidentiality, privacy, sealed covers in commercial matters. Sealed covers antithetical to a transparent and accountable system, Justice Kapur said. Ex-bureaucrat Azim, ex-SEBI chief Damodaran submitted sealed covers
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