Page 7 - National Stock Exchange

Brokerages discontinued referral programmes post NSE's prohibition

The NSE's move, according to industry insiders, may be aimed at preventing referrals from being exploited to lure clients into trading, rather than just opening accounts

Tata Chemicals raises Rs 1,700 cr through NCDs on private placement basis

Tata Chemicals has raised Rs 1,700 crore through the issue of Non-convertible Bebentures (NCDs) to investors on a private placement basis. In a regulatory filing on Tuesday, Tata Chemicals said an internal Committee, constituted by its board, has approved the allotment of 1,70,000 NCDs, having a face value Rs 1 lakh each for cash, aggregating to Rs 1,700 crore, for a tenor of 3 years, to identified investors on private placement basis. The NCDs have a fixed rate coupon of 7.81 per cent and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE), the filing said. Recently, Tata Chemicals reported a 72 per cent decline in its consolidated net profit to Rs 150 crore for the first quarter of this fiscal year on lower income and higher expenses. Its net profit stood at Rs 532 crore in the year-ago period. Net profit from continuing operations declined to Rs 175 crore from Rs 578 crore. Tota

National Stock Exchange unique investor count crosses 100 million mark

Of the latest 10 million additions, 42 per cent are from North India, followed by those in the western areas at 25 per cent

NSE Q1 results: Net profit jumps 39% to Rs 2,567 cr, revenue at Rs 4,510 cr

The National Stock Exchange (NSE) on Wednesday reported a 39 per cent year-on-year surge in consolidated net profit to Rs 2,567 crore for three months ended June 2024. The exchange posted a 51 per cent year-on-year jump in consolidated revenue from operations to Rs 4,510 crore in the April-June quarter of the current fiscal year FY25. The growth in revenue was supported by trading revenue and revenue from other segments which mainly includes data centre and connectivity charges, clearing services, listing services, index services and data services, NSE said in a statement. The exchange said it has contributed Rs 14,003 crore to the exchequer for Q1 FY25. Of this, STT/CTT (Commodities Transaction Tax) comprised Rs 12,054 crore, stamp duty (Rs 1,018 crore), GST (Rs 362 crore), Sebi charges (Rs 333 crore) and income tax (Rs 236 crore). "Out of the STT (Securitites Transaction Tax) of Rs 12,054 crore, 63 per cent is from the cash market segment and the remaining 37 per cent is from the

NSE issues warning to Suzlon for non-compliance with disclosure norms

The National Stock Exchange of India Limited (NSE) has issued a warning letter to Suzlon Energy Ltd for non-compliance with disclosure rules. In its letter to Suzlon, NSE observed that a disclosure of an analyst's call of the company held on November 6, 2023, was submitted to the exchange on the same day. The disclosure seems to be at shorter notice as required under the Sebi's LODR (listing obligations and disclosure requirements) rule, the letter dated July 29 said. The LODR rule requires a listed entity to inform the schedule of analysts or institutional investors to meet at least two working days in advance (excluding the date of intimation and date of meet). "The aforesaid non-compliance on your part is viewed seriously. You are, hereby, warned and advised to be careful in future, exercise due caution and initiate corrective steps to avoid the recurrence of such lapses so as to ensure due compliance with the applicable provisions of SEBI LODR," the NSE said. It further said t

Govt, Sebi warnings pile up as retail participation in stock mkt explodes

The regulator has repeatedly urged small investors to resist their instinct to make a quick buck from trading

Unique tax payers trading on NSE more than tripled since pandemic

Numbers are 40 per cent lower than the number of overall investor accounts

Microsoft outage disrupts aviation in India; other services unaffected

IndiGo, India's largest airline, reported the cancellation of at least 192 flights over Friday and Saturday

NSE, BSE say functioning remains normal; unaffected by Microsoft outage

Country's leading stock exchanges NSE and BSE on Friday said they are not impacted due to the global outage of Microsoft systems amid reports of disruptions in functioning of several airlines, banks, media outlets worldwide. Microsoft users globally, several in India, have reported massive outages in services, with outage tracking website Downdetector showing users flagging disruptions across various services. Meanwhile, the two leading Indian stock exchanges announced that they are not impacted due to Microsoft outage. "NSE (National Stock Exchange) and NCL (NSE Clearing Ltd) are working normal today," NSE's spokesperson said in a statement. Separately, a spokerseron of BSE said that the bourse is "not impacted due to Microsoft issue. Our operations are running normal." Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved. The glitch is causing use

Budget & Markets: Stocks deliver positive returns 1-month after, shows data

Nifty races ahead with a 5.7% average gain post-Budget, outpacing pre-Budget dips

Low price-to-earnings stocks: The secret sauce in Nifty's earnings recipe

'A MIRAGE': Beyond the index's surface, the Indian market reveals full-to-frothy valuations

Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan

National Stock Exchange Managing Director and CEO Ashishkumar Chauhan on Wednesday said he is confident that India's wealth will increase 1,000 per cent over the next 50 years, thanks to the young population and technological advancements. Speaking as the chief guest at the 23rd convocation ceremony of the Entrepreneurship Development Institute of India (EDII) near Ahmedabad on Wednesday evening, Chauhan admitted that India still has socio-economic challenges, such as poverty, illiteracy, poor housing, living conditions, lack of food, water, sanitation and insufficient healthcare. He then urged the passing-out students to be the "agent of change" and find innovative and cost effective solutions to bring change. "India is going to make huge progress on the back of a young population, rapid technological developments and its entrepreneurs over the next 50 years. India's wealth is going to increase 1,000 per cent, that is ten times, over the next 50 years," he said in his address. Wit

Small investors should avoid getting into derivatives: NSE MD & CEO

NSE's MD & CEO suggests proposed rules will prevent potential malpractices by ensuring that only sufficiently liquid companies are included in the F&O segment

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

NSE warns investors against deepfake clips of its chief recommending stocks

The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology. Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan. Accordingly, the bourse has asked investors not to believe in such audio and videos and not to follow any such investment or other advice coming from such fake videos or other mediums. It may be noted that NSE's employees are not authorised to recommend any stock or deal in those stocks. Additionally, the exchange is making efforts requesting these platforms to take down these objectionable videos, wherever possible. As per NSE's process, any official communication is made only through its official website www.nseindia.c

IRB Infrastructure share price soars 4% on robust May toll collection

The uptick in share price came on the back of strong toll revenue collection in May 2024

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

KEC International share price rallies 7% on Rs 1,000-crore order win

The surge came on the back of an order win worth Rs 1,002 crore

Sebi committee to review ownership structure of clearing corporations

Panel chaired by former RBI deputy governor to suggest alternatives to ensure capital needs of clearing corporations

NSE Indices launches India's first EV index to facilitate ecosystem

NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem. This would be the country's first ever electric vehicle (EV) index. "The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors," NSE Indices said in a statement. The government has always been at the forefront of framing policies related to EV adoption so that EVs with the latest technology can be manufactured in the country and attract investments by global EV manufacturers, thereby giving a boost to the Make in India initiative. The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly