The scandal at the very top of the National Stock Exchange shows it's a systemic failure which must be rectified quickly
Citigroup, Goldman Sachs and Norwest Venture sold their entire stake in FY22, exchange data shows; others have pruned holdings
Shares of most unlisted stocks have corrected in-line with the fall in the secondary market. However, a few companies seem to have been spared.
The NSE submitted its detailed response along with a report of forensic investigation conducted by Ernst & Young (E&Y) wherein it was concluded that the said unknown person was Subramanian
Here are the top headlines on Friday
Central Bureau of Investigation is also questioning former NSE MD Chitra Ramakrishna in connection with the NSE co-location case in Mumbai
The DRHP, which must enlist all key risk factors, came in within two months of Anand Subramanian quitting as Group Operating Officer and Advisor to MD and within weeks of Chitra Ramkrishna's leaving
Sebi's Feb 11 order cites frequent hike in Subramanian's compensation without proper appraisal, documentation or file notings, and with no involvement of HR head or NRC
Here are the top headlines on Thursday
Ramkrishna hit the headlines after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayas in the appointment of Subramanian as NSE's group operating officer and advisor to MD
Ramkrishna hit the headlines after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges
The NSE said the matter involving leak of confidential information to an unknown person by its erstwhile chief Chitra Ramkrishna was an old issue and the exchange had already made a course correction.
NSE responds to Sebi order on governance lapses, says will extend 'full co-operation'
The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.
Governance experts call for further probe into the matter
Sebi order exposes how NSE was run
High networth individuals - or those holding shares worth more than Rs 2 lakh - saw their shareholding increase 14 basis points (bps) quarter-on-quarter to 2.26 per cent, according to PRIME Infobase
According to Primeinfobase.com, an arm of Prime Database Group, retail shareholding in NSE-listed companies touched an all-time high of 7.32 pc in December
Retail investors have gained significant heft in the past year amid a sustained uptick in Indian equities
Until now, the company's shares were listed solely on the BSE, Garware Hi-Tech Films said in a statement