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Markets regulator Sebi on Monday decided to introduce an IT Resilience Index (ITRI) to assess the functioning and resilience of information technology systems of market infrastructure institutions (MIIs), including stock exchanges, depositories and clearing corporations. The move is aimed at strengthening oversight of the resilience of IT systems and identifying emerging weaknesses at an early stage, so that timely corrective measures can be taken. Under the framework, the ITRI will be computed using a uniform set of nine parameters, each carrying a specific weightage to ensure comparability across MIIs, Sebi said in its circular. Availability and security will carry the highest weightage of 20 per cent each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10 per cent each. Scalability and other aspects, including incident handling, will account for the remaining 5 per cent each. Sebi said MIIs will also develop
A promoter group entity of Adani Power on Tuesday sold 12.48 crore shares of the company Adani Infra (India) Ltd for Rs 2,627 crore through open market transactions. According to the block deal data on the National Stock Exchange (NSE), Ardour Investment Holding Ltd, a promoter entity, offloaded 12,48,00,000 shares, representing a 0.65 per cent stake in Adani Power Ltd. The shares were disposed of at an average price of Rs 210.50 apiece, taking the deal size to Rs 2,627.04 crore. Following the latest transaction, Ardour Investment Holding Ltd's stakeholding in Adani Power has declined to 3.03 per cent from 3.68 per cent. Meanwhile, Adani Infra (India) Ltd purchased an equal number of shares at the same price. Shares of Adani Power fell nearly 2 per cent to close at Rs 209.95 on the NSE. On Monday, Adani Infra (India) Ltd, a promoter group entity of Adani Green Energy Ltd, bought a 1.03 per cent stake from another promoter arm, Ardour Investment Holding Ltd, for Rs 2,380 crore. P
M P Birla Group firm Birla C orporation on Saturday reported an on-year decline of 3.2 per cent in consolidated net profit to Rs 115.73 crore in the June quarter of this fiscal year, due to subdued realisation from cement sales and escalation in power and fuel costs. Birla Corporation had posted a net profit of Rs 119.57 crore for the April-June period a year ago, the company said in a regulatory filing. However, Birla Corporation's revenue from operations was up 7.8 per cent to Rs 2,646.45 crore in the June quarter of FY'27. It was at Rs 2,454.22 crore in the corresponding period a year ago. During the quarter, cement prices remained under pressure: price hikes introduced in April-May had to be rolled back in June amid intense competition for market share, Birla Corporation said an earnings statement. Total expenses of Birla Corporation were at Rs 2,513.71 crore, up 8.87 per cent in the June quarter. Birla Corporation's revenue from the Cement business was up 7.4 per cent to Rs .
Markets regulator Sebi on Thursday revised the security transmission framework by introducing a new fast-track mechanism for low-value claims and standardising documentation requirements to make the process efficient and investor-friendly. The framework introduces Quick Transmission Processing (QTP) and revises the monetary thresholds under the simplified documentation route. Under the new norms, the markets watchdog said QTP will apply to claims involving securities worth up to Rs 10,000 held in physical mode and Rs 30,000 for demat holdings. It also revised the threshold for transmission through simplified documentation to Rs 10 lakh for physical securities and Rs 30 lakh for demat holdings. In a circular issued on Thursday, Sebi said it has also standardised the documentation and procedures for transmission by removing the mandatory requirement of probate of a will in line with recent amendments to succession laws. It has replaced separate affidavits and no-objection certificat