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.
Shantannu Guha, who passed away on March 25, had first complained to the CBI six years ago and also moved Delhi HC. Guha's March 13 letter became his last call for further action
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Proxy advisory firm Ingovern had cautioned REL shareholders about the company's plan to invest in a wholly-owned subsidiary without appropriate valuation report
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InGovern said since Asian Paints took services from Shardul Amarchand Mangaldas, where Shroff was a managing partner, there could be conflict of interest
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NYSE-listed UpHealth drags India's Glocal Healthcare and its promoters and directors to International Arbitration following breach of contract. Total damages imposed amount to nearly Rs 920 crore ($110.2 million)
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A letter exclusively in possession of BW reveals that Edelweiss cut a backdoor funding deal worth Rs1100 crore with same bidder for HNG that it voted in favour as a creditor. Bidder was to issue convertible debentures to Edelweiss
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Ingovern says REL has not disclosed details of financials and valuation and given the current uncertain where it is locked in a takeover battle an investment like this should be kept at bay
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Pannun, who is currently said to be ensconced in the US, had specifically asked his followers to "dump Indian stocks and buy US stocks before March 12
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Vedanta's key Directors face market access ban. The chairman, CFO, CEO, and whole-time directors were barred from accessing the market for two months, Independent directors were banned for a month
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In the coming days Sebi is likely to reveal more about this nexus
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The IT department asks the taxpayers to whom the notices went, to be patient as the error would be ratified
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