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.
BSE sends millions of SMS messages daily, for which it was charging the Investor Services Fund. This is against Sebi guidelines
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Hinduja in the driver's seat as RBI is likely to extend the payment deadline for them, since they had bid Rs 1200 crore more than Torrent Group
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Role of Statutory Auditors is under the scanner as a probe in PFS so far has revealed hiding fraud in loan accounts to keep the board in the dark on crucial forensic audit reports. SEBI notice holds PFS chairman Rajib Mishra and MD CEO Pawan Singh responsible
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She fled Dubai on January 30, two days before the LOC was issued on February 2024
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RBI's six-month-long deadline for the resolution plan ends on 17 May amidst concerns of Hinduja having "own" money for the deal. The group is seeking a deadline extension. RFRP begs default procedures to be followed
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Contrary to popular perception that voter turnout was lower for 2024 compared to 2019 elections, number crunching shows, it is actually the highest ever in India's election history since independence. This is an advantage BJP
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The whole resolution plan seems like a mockery of the collective intelligence of India's bureaucracy, and banking and insurance officials since the Hinduja Group has proposed to pledge 100 per cent RCAP shares to raise Rs 8000 crores for RCAP acquisition. Simply put, do the Hindujas don't have their own money and depend on RCAP shares as collateral to raise funds?
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Sebi says AGI failed to disclose the show cause notice issued by CCI to it, modification of its application to CCI and litigation related to the CCI order. AGI had witnessed a 236 per cent rally due to the buoyancy of CCI orders
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Petition in NCLT says AGI Greenpac benefited from the fire at HNG's Nashik plant and blames RP and COC for not taking corrective action despite the availability of funds. Employees allege RP, COC colluding with acquirer AGI, which is recruiting HNG employees after the fire
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Ashok Hinduja had claimed they will clear lender dues worth Rs 9850 crore in 48 hours post IRDA approval
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