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Tag: rumour

  • Stockmarket rumour verification: Esha Media says its media tool reduces company response time to Sebi’s questions

    Stockmarket rumour verification: Esha Media says its media tool reduces company response time to Sebi’s questions

    MUMBAI: This one is for communications folks or agencies and compliance executives in the top 250 companies (by market capitalisation)  listed on the stock exchanges.

    There are times when sudden sharp movements in share price  of listed companies can drive managements into a tizzy. An interested group can suddenly either ramp up or pull down a company’s share price by spreading  a rumour and the herd mentality can lead to a run on the stock.

    It is at this time that  the stock exchange  authorities can wag a finger in the company’s face and question its management about the drastic changes in transaction volumes or the spikes in the share price. This questioning can definitely  get the management scurrying all over to get at the source of  the stories and the gossip around the stock. And as per stock exchange laws they have to respond within 24 hours (more of that a little later.)

    It is at this stage where its broadcast media intelligence tool called Clipbyte can come handy, say the BSE-listed  media monitoring agency Esha Media Research. The tool allows companies to facilitate rumour verification and respond to the exchange with concrete details and thus safeguard their brand and comprehending investor sentiment.

    It may be recalled that since  1 June last year when rumour verification rules were made applicable, there  have been  around 170 instances or more as per stock exchange disclosures when these norms were triggered. These norms, which  were so far applicable to the top 100 companies, have been extended to the next 150 companies who will have to keep a close watch on material price movement of their stocks from 1 December 2024 onwards.  The first circular from Sebi was issued in January 2024 and the next in May 2024. 

    While companies need to have a robust in-house framework on leakages of unpublished price sensitive information, Clipbyte’s  monitoring services helps keep a  company’s compliance team prepared and equipped with data and insights to navigate the dynamic media landscape with complete nuggets of the coverage on the subject, says an Esha Media press release.. 

    “Our system detects and evaluates the impact of rumors, helping you track and  differentiate between market noise, significant events and its impact on price by providing real-time data, alerts, and insights, keeping you informed of any significant changes as they happen,” said  Esha Media Research founder Raman Iyer.

    Esha’s stock market vigilance service also offers conversation impact analysis. Companies can  track the influence of market conversations on stock prices.Its research time helps  analyse social media and  broadcast news outlets to help you understand the potential impact on price. 

    Additionally, real-time market updates received minute by minute from market open to close allow the platform to provide real-time data, alerts, and insights, keeping companies informed of any significant changes as they happen.

    In this fast paced corporate world, media monitoring services offer a competitive edge and prevent public relations disasters by keeping managements informed and responding quickly before issue emerge and escalate beyond repair, Iyer said. 

    As per Sebi  norms, a company has to confirm, deny or clarify the rumour within 24 hours once any material price movement occurs based on gossip that appears in mainstream  media.  

    With that kind of a deadline, any tool that can bring down response time should be in the consideration set, believes Iyer.

    True, Raman, but hopefully the corporate managements are listening and believing too. 

  • DD to mark 50 years of the 1965 Indo-Pak war

    DD to mark 50 years of the 1965 Indo-Pak war

    NEW DELHI: Famed singers Suresh Wadekar and Kavita Krishnamurthy today emphasised that artistes from Bollywood always came forward for a good cause without charging any fee, but someone else had to take the initiative for such events.

     

    Answering questions at a press meet to announce the ‘Smarananjali’ musical programme being held on 30 October to mark 50 years of the 1965 war with Pakistan and pay tribute to those who laid down their lives in the defence of the country, both artistes denied that Bollywood artistes were reluctant in participating in such programmes.

     

    Smarananjali is the concept of Doordarshan additional director general Mahesh Joshi, who had commenced such programmes when he was in the Bangalore Kendra of Doordarshan and now initiated the same in Delhi.

     

    To be organised by Delhi Kendra of Doordarshan, the programme will also feature violin maestro Dr L Subramaniam who was present at the press meet along with the other artistes. It will also have performances by Pankaj Udhas, artistes from the Subramaniam Foundation. The musical tribute will be interlaced with specially choreographed dance performances of memorable patriotic songs by Manjula Parmesh and group. An additional attraction is the on-the-spot painting by renowned painter B S Verma and a dance by soldiers from the Madras Engineering Group (MEG) who will perform to the song “Ma Tujhe Salaam”.

     

    Dr Mukesh Chandra, who is a special police officer for Delhi Traffic Police said he is an amateur flutist and will also perform at the event.

     

    Prasar Bharati senior advisor Brig. VAM Hussain said it was necessary for the common man to realise the hardships that the armed forces faced. He said the attempt would be to make this programme an annual affair.

     

    This programme will be telecast later on DD National and is also aimed at helping the brave soldiers and their families and keep the deeds and bravery of valiant soldiers in public memory.   

     

    ‘Smarananjali’ is being planned in the form of a lyrical tribute by artistes on stage to martyrs in the presence of their families and the Defence Minister Arun Jaitley, Information and Broadcasting Minister Prakash Javadekar, and the Chiefs of Army, Navy and Air force and Chiefs of Paramilitary forces. Religious leaders from different religious groups will also be present to pay homage to the martyrs.

     

    The selected special guests will pay homage to the martyrs by lighting a candle before a replica of the Amar Jawan Jyoti and a soldier.

     

    Three Param Vir Chakra Awardees will also be honoured at the tribute event. They are Hony Capt Bana Singh (Retd), 8 J&K LI, Sub Yogender Singh Yadav, 18 Grenadiers and N/SUB Sanjay Kumar, 13 JAK RIF.

     

    The Defence Ministry has appreciated the concept of the programme and is fully supporting Doordarshan’s efforts to organise the event.