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.
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COC approved AGI Greenpac's resolution plan before CCI approval, which is mandatory as per insolvency bankruptcy code. Later, AGI won conditional approval from CCI, which goes against the set precedents of the SC, other judges have opined.
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Despite the amicable division of the Godrej family's business empire, a theme of male dominance persists, with the majority of the empire valued at over Rs 3 lakh crore divided between Adi and Nadir Godrej, highlighting patriarchy in the family
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New entities were introduced in the transaction at the eleventh hour, just days ahead of expiry of RBI deadline. RCAP to issue debentures to raise funds for its own acquisition. Deadline extension may be a huge setback for lenders
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100 per cent NRI-owned funds allowed to be set up in India's tax haven GIFT City, allowing them to pump more money into stock markets
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The government is allowing re-entry of ODIs also known as P-notes via GIFT City. Now, all Sebi-registered FPIs are allowed to issue ODIs with Indian securities as underlying. Motive to bring Fund Management in Singapore, Hong Kong, Mauritius to India
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RCAP administrator says, the contents of the letter were explained to him but IRDA has to accept the replies after examination
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Reforms that can save retail investors from the "Slaughterhouse" called Options Trading will affect Sebi's income. Hotel Stocks and Ambani Wedding Economy, here's your dose of juicy Gossip
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Detonation of Atomic Bombs on Hiroshima and Nagasaki is the only parallel in modern history to India's Bhopal Gas Tragedy - rarest of rare cases. Yet, the Supreme Court of India rejected a Curative Petition for higher compensation against Union Carbide, the perpetrator of the cataclysmic gas leak. But the same SC upheld a Curative Petition in a mere commercial dispute and overturned its own two bench order, thereby setting an ugly precedent against India's Arbitration laws. Analysis-Part II
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Detonation of Atomic Bombs on Hiroshima and Nagasaki is the only parallel in modern history to India's Bhopal Gas Tragedy - rarest of rare cases. Yet, the Supreme Court of India rejected a Curative Petition for higher compensation against Union Carbide, the perpetrator of the cataclysmic gas leak. But the same SC upheld a Curative Petition in a mere commercial dispute and overturned its own two bench order, thereby setting an ugly precedent against India's Arbitration laws. Analysis-Part II
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Coming down heavily on Glocal shareholders, Justice Ravi Krishan Kapur sought a list of their assets and liabilities in two weeks. J. Kapur believed there is a risk of dissipation of assets by Respondents with mischievous intent to render the (arbitration) award worthless since he found their conduct dishonest and fraudulent. US-based UpHealth won the Chicago Arbitration Award against the Indian Co
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