Didn't understand last column's last 6 lines.
An email query was sent yo sebi and NSE went unanswered, BSE declined to comment, meaning??? 2nd column (Last 2nd para)
Didn't understand interpretation, who sent email?? for what purpose??
The Economic Times contacted these institutions to find out more information on this subject, but they did not reply and BSE refused to say anything on the subject.
@Anushka Bansal okay, understood. Thank you so much.
what do you mean by fudge earnings??
I think it means using financial shenanigans to publish fake earnings.
What does non compliance with objects of the issue of IPO mean?
What function will exchanges perform to detect any manipulations?
Is this the case with small companies only or big companies too?
What is siphoning?
does this mean that ahead of going public (IPO), the companies misstate financial statements by doing M&A activities, etc to show better results? and SEBI is now going to monitor this?
How can the stock be manipulated by the resignation of a key personnel, or what does their resignation indicates?
"We are setting up a new mechanism to monitor the financial misstatement or change in quarterly numbers past publishing the results, etc." How is this going to work & what can be the benefits of this?
Resignation of key personnel may indicate that something fishy is going on inside the company (maybe they were forced to resign), or maybe they didn't want to be a part of whatever was happening in the company (probably earnings manipulation). This is just my interpretation though. It could mean something else too.
what is window dressing
to make a thing look attractive