Paytm IPO: What the crash foretells
Analysts offer a host of reasons for the crash—for one, the markets were already tepid - Issue Date: Dec 6, 2021
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Analysts offer a host of reasons for the crash—for one, the markets were already tepid - Issue Date: Dec 6, 2021
Markets bounce back sharply on F&O expiry day after recent losses; Reliance Industries steals show, surges 6%
(This story originally appeared in on Jul 07, 2021)MUMBAI: Ahead of Paytm’s initial public offering (IPO), all Chinese nationals representing key investor Ant Group have stepped down from the board. While Ant Group continues to have a representative on board, the employee is a US national based in Florida. According to filings with the registrar of companies, Jing Xiandong of Alipay and Guoming Cheng of Ant Financial, both Chinese nationals, have ceased to be directors of the company. Additionally, Micheal Yuen Jen Yao, a US national, and Ting Hong Kenny Ho, a Chinese national of Alibaba ...
January 6, 2021 The first few days of this year were rife with speculation that Alibaba founder Jack Ma had disappeared. But the fintech tycoon remains elusive, reportedly under supervision by Chinese authorities, the Asia Times Financial reported. Ever since he made a speech in October last year, Jack Ma has had several run-ins with the Chinese state and financial regulators. In early November 2020, the initial public offering of one of his companies, the Ant Group, was suspended by the Shanghai Stock Exchange. This was followed by China’s central bank and antitrust watchdog turning the sc...