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.
No warning, however stark, may be enough to withhold the floodgates that have flung open following the SC judgement on the Delhi Rail Metro Corporation's 'Curative Petition.' BW brings you the most intense 'Analysis' of the 'Landmark Case' in the history of Arbitration Awards ever delivered.
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How anxiety is running high within BJP when it comes to election candidates
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Quantum MF says, ISec deal is flawed, based on 9-month-old valuation reports, Rs 17.8 Billion ISec shareholder money being transferred to ICICI Bank shareholders, fraud in voting, ISec independent directors conflicted
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While Indusind and Hinduja group holds 60 per cent stake in Invesco MF, Invesco will hold 40 per cent stake. Hinduja's plan to take on Mukesh Ambani's Jio Finance, Blackrock in MF biz
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Justice Vikramajit Sen, former chief judge of Karnataka, opines that AGI made partial and deceitful disclosure about the CCI approval
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Bank has set its eye on the insurance business and may cross sell products of Reliance Capital. CEO Sumant Kathpalia is the brain behind the ambitious plans
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Sebi probing financials and business transactions of Linde India. Shareholder advisor seeks scrutiny of inter-se allocation of business between Linde Plc's two Indian entities that capture disproportionate value directly in the parent entity
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Hinduja backed foreign entities may own 100% in insurance biz against laws of Indian Parliament. Tax haven based entities bidding on borrowed money against IRDA laws
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A Hinduja Group entity has bid over $1.16 Billion (Rs 9661 crore) for Reliance Capital under insolvency proceedings. But India's insurance regulator IRDA has sought details regarding the 600 secret shareholders behind Indusind International Holdings and details of another opaque entity AELLP. Hinduja Group has been under the cloud since the Bofors Scandal
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Wordings of an RBI circular suggest that only hedgers of currency risk capable of establishing underlying exposure will be safe, the rest, financial brokers fear, may risk attracting charges of FEMA violations
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