Bull markets are the birthplace of several stock market ills. Hearing of your friends and colleagues making big bucks in the stock market is often enough to lure first-timers into the market. And unless you have wise counsel, the oft-repeated story plays out again. Company Value Change %Change It is tough to sit out of […]
Building ‘castle in the air’: SEBI stops trading in stock after P/E touches 4,00,000, price shoots up by 372% in a month – CNBC TV18
In the order, SEBI’s Whole-time Member Ashwani Bhatia noted that all actions of the company’s management pointed towards a “well-thought out plan to build a castle in the air”. Bhatia also observed that “prima facie” it appeared that the company’s statutory auditor GSA and Associates LLP may have been acting in concert with the management […]
Sebi proposes online monitoring framework for stock brokers’ system audits – CNBC TV18
Capital markets regulator Sebi on Tuesday proposed an online monitoring and supervision framework for system audits of stock brokers aimed to enhance the quality and accountability of audits. Company Value Change %Change This online monitoring mechanism will enhance the reach of the exchanges to identify the deficiencies in the audit process before the completion of […]