"With a booming stock market, all the malpractices of Harshad Mehta/Ketan Parekh era are back primarily in Kolkata. Promoters are inflating profits (through profit entry) and in nexus with Gujarati-Marwari brokers driving their stock prices to unrealistic levels," Goenka wrote on X (formally Twitter).
The Bombay High Court held that capital gains cannot be added as unexplained cash credit for the sale of penny stock.The bench of Justice K.R. Shriram and Justice Firdosh P. Pooniwalla has observed.
Udayan Bose, pioneer of investment banking in India, dies at 71
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Udayan Bose, pioneer of investment banking in India, dies at 71
TNN / Updated: Jan 9, 2021, 13:41 IST
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Udayan Bose (File photo)
MUMBAI: Veteran dealmaker Udayan Bose, who brought modern investment banking and venture capital to India in the ’80s and set up the second private Indian mutual fund, passed away on Friday. Bose (71) was suffering from heart and kidney-related issues.
Bose straddled the world of pinstriped bankers of London’s Lombard Street and the earthy stock markets of Mumbai and Kolkata. He threw away an opportunity to head Deutsche Bank’s Australia operations to turn entrepreneur by acquiring a vintage broking firm, which then he used to partner Lazard (a global investment bank) and create India’s first multinational investment bank.