BUSINESS
“Earn 200,000%!”: Finfluencers hardsell platforms that could land investors a FEMA violation
Influencers are promoting binary-trading platforms that have been blacklisted by the RBI. Apart from attracting penalties, investors also have no legal recourse if things go wrong.
BUSINESS
SAT pulls up SEBI for 'lackadaisical' approach in Kirloskar matter, imposes fine of Rs 5 lakh
The tribunal had quashed the regulator's order, freezing the Kirloskars' KIL shares, in October 2022
BUSINESS
How a proposed change in Special Situations Fund norms could end roundtripping through AIFs
Experts, however, point out that the norms need to be detailed a little more to ensure innocent promoters with no malafide intent are not affected
BUSINESS
Charlie Munger's lasting wisdom: 12 mental errors that can impact decision making of investors and managers
The late vice chairman of Berkshire Hathaway once listed human tendencies that can cause misjudgements, and suggested some antidotes.
BUSINESS
Invert, always invert: Charlie Munger's mental models that helped build his ‘30-second mind’
The veteran investor advocated learning across disciplines, so that they can have a mental map of sorts to reach their destinations quickly.
BUSINESS
IiAS urges independent directors to 'protect' Raymond from promoters, if needed
The independent directors have also been advised to retain independent legal counsel to protect themselves and "delineate" themselves from the allegations.
BUSINESS
Somasekhar Sundaresan: Legal expert who understands ‘mind of the regulator’ and has a sense of humour
The former journalist's appointment as a judge of the Bombay High Court has been welcomed, but has its share of controversies.
BUSINESS
Super30: Two leading brokerages keep an illegal investment advisory afloat
SEBI frowns upon such 'arrangements' and has been trying to break them. A legal expert says the brokerages could be seen as violating their code of conduct
BUSINESS
MC Investigates: Brokerages said to hire unregistered advisors to sell options strategies with expensive loans
These unsecured loans are issued through NBFCs to those lured by low-risk, high-return prospects.
BUSINESS
Mercs and ‘mic drops’: What’s behind the high drama at Liberty Shoes?
Former ED and the company’s management trade allegations of insider trading and misappropriation of funds, at NCLT, open a can of worms
BUSINESS
Liberty Shoes removes ED Adesh Kumar Gupta after NCLT verdict
The company has appointed two new independent directors, according to an exchange filing
BUSINESS
MC Investigates: Another dark past of `Baap of Chart’ surfaces, clients of Srpika Financial Services seek Sebi help
Moneycontrol spoke to a few people who claim to have been defrauded by Nasir, including one whose complaint resulted in a Jharkhand District Court issuing an order for Nasir’s arrest
BUSINESS
Finfluencers approached to promote Poonawalla Fincorp; stock recovers nearly 3 percent from sharp fall
The stock of the NBFC has been on a downward trend since August, and, after its second-quarter results announcement on October 20, it fell sharply.
BUSINESS
Pump and Dump 101: How to make a stock trend in 7 steps
Finfluencers are being recruited in large numbers to make a stock trend. It can be done with a little over Rs 50 lakh and with 100 paid tweets. Moneycontrol offers an inside peek into the murky world of 'trending stocks'
BUSINESS
Tile company looks to include Artificial Intelligence in name, invites raised eyebrows
Veteran investor Samir Arora posted the company’s exchange filing, along with what seemed like a tongue-in-cheek comment
BUSINESS
Why Sebi’s new regulation to report investor demise is 'gamechanging'
A centralised mechanism for verifying and reporting the demise of an investor would significantly reduce the harassment and apathy faced by loved ones of the deceased.
BUSINESS
#MonopolyStockstoInvest: Trending hashtag promotes a stock that rose up to 8 percent
Entities that want to pump a stock often use this modus operandi of getting a hashtag to trend. However, they ensure that no one from the company is tagged, as then the matter could be reported to SEBI.
BUSINESS
Don’t backtrack, keep escalating: Trader on winning compensation claim against Zerodha
Trader Vijay Gupta said that a 2010 judgement of the Delhi High Court, proved a big help to him
BUSINESS
How an attempt to use typo in a SEBI order to escape penalty failed
A man cited the wrong PAN in the order to avoid paying interest on penalty. Here is how it went down
BUSINESS
10-year yields rise: Why was the market tracking the VRRR auction closely?
The auction saw a tepid response, foiling the RBI’s attempt to suck liquidity out of the market
MARKETS
MC Investigates: Companies hire finfluencers for IPO promotions that violate regulations
Companies ask fininfluencers to tweet about IPOs without declaring them as ads. ASCI guidelines require social-media influencers to carry disclosure labels. Content creators are being offered up to Rs 50,000 per tweet and up to Rs 10 lakh per video.
BUSINESS
Clearing efficiency, settlement process will be key: Tejas Khoday of FYERS on trading extension move
Co-founder and CEO of FYERS speaks about what can be expected with the transition and why brokerages are resisting the move. He says both retail participants and foreign portfolio investors will benefit, if trading hours are extended.
BUSINESS
Furu-buster busted, caught discussing his illegal PMS service
Arush Sarna, better known as Crosshair on X, said in a Twitter Space that people ask him to manage their trades and he takes a call based on “feasibility”
BUSINESS
MC Exclusive: Traders with shining strategies moonlight for multiple brokers, manage prop accounts
With small and mid-brokerages struggling in an intensely competitive and increasingly regulated environment, any brokerage that breaks the rules to survive will make it harder for other brokerages to stick to the straight-and-narrow
