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SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it

Tribunal was comparing latest order with previous one for which it issued directions in Jan; quashes fine imposed by Sebi officer, says same violation cannot suffer two penalties

NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms

Brokerage house Angel One Ltd has said National Stock Exchange (NSE) has barred it from onboarding new authorised persons (APs) for six months and imposed a Rs 1.67 crore penalty for flouting norms. Reacting to this, shares of Angel One plunged more than seven per cent in intra-day trade. The Member and Core Settlement Guarantee Fund Committee of NSE passed an order on July 14 against the broking company for an alleged failure to monitor the operations of its APs, Angel One said in a regulatory filing to the stock exchanges on Saturday. By doing so, it allegedly flouted the capital market segment rules and Futures and Options segment norms of the NSE. As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited "from onboarding new APs for a period of 6 months". Authorised person means any -- individual, partnership firm OR LLP -- who is appointed as such by a stockbroker and who provides access to the trading platfor

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

Fresh attempt made at settling NSE's TAP regulatory investigation

Bourse, employees filed fresh application with Sebi in May: NSDL disclosure

$7.5 bn SGX-traded futures has tepid start after shifting to India

The average number of open contracts for NSE International Exchange's key product GIFT Nifty was 32,934 in the week to July 7, according to data compiled by Bloomberg

Sebi seeks explanation from NSE over misuse of its TAP platform: Report

In 2013, some high-frequency traders manipulated the platform to execute 'thousands of orders' without being detected and crowding out other users

Hi-Green Carbon files draft papers for IPO; to list on NSE Emerge

Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises. The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares with a face value of Rs 10 each through the book-building process. In the Initial Public Offering (IPO), there will be a fresh issue of 60 lakh shares and 16 lakh shares will be offloaded through the offer for sale route by the promoter group, it said in a statement. Proceeds from the public issue will be utilised to set up a new facility in Dhule district of Maharashtra, with a recycling capacity of 100 MT waste tyres per day. The proceeds will also be utilised for working capital requirements and other general corporate purposes. The company has appointed Beeline Capital Advisors as book running lead manager to the issue. Hi-Green Carbon is the flagship company of Rajkot-based Radhe Group of

Tech glitch: HMA Agro Industries starts trading before 10 am on the NSE

The stock price was fluctuating before 10 am and at 9:55 am, the stock touched Rs 632, while the indicative opening price was Rs 625 on the NSE; at 10 am, the stock touched Rs 664

BSE board to consider buyback of shares on July 6, stock surges 7%

Leading stock exchange BSE on Monday announced that its board will meet on July 6 to consider a proposal on the buyback of shares. Following the announcement, shares of BSE rose 7 per cent in intra-day trade to Rs 651.65 apiece on the National Stock Exchange (NSE). In a regulatory filing to the NSE, Asia's oldest bourse said, "meeting of the board of directors is scheduled to be held on Thursday, July 6, 2023, to inter alia, consider and approve proposal for Buy back of fully paid equity shares of the company". Under a share buyback or repurchase, a firm buys back its own shares from investors or shareholders. The purpose of the buyback is price stability and ensuring investor confidence in the stock. Earlier in 2018, BSE repurchased over 20 lakh shares for nearly Rs 166 crore under its buyback programme.

NSE explores carbon credit market, introducing electricity derivatives

The National Stock Exchange is exploring opportunities in electricity derivatives and the voluntary carbon credit (VCC) market to deepen its product portfolio as part of its transformation into a multi-asset stock exchange. The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators. "We are evaluating the voluntary carbon credits market. There are only two markets at this time. There are about 26 million voluntary carbon credits available in India as of today, which can be monetised," NSE Chief Business Development Officer Sriram Krishnan told PTI. He was in the city to participate in the Eureka Stock Broking organised Financial Conclave. "We need to figure out how to build a market for these VCCs so that they can find their values. You need to monetise them, and of course, we also need to create a healthy market going forward, because In

Drone maker ideaforge Technology IPO subscribed whopping 106 times

Drone maker ideaforge Technology's initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors. The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares. The price range for the offer was Rs 638-672 a share. Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate ...

Hospitality firm PKH Ventures IPO subscribed 6% on day 1 of offer

The initial share sale of construction and hospitality firm PKH Ventures got subscribed 6 per cent on the first day of subscription on Friday. The IPO received bids for 15,59,400 shares against 2,56,32,000 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 13 per cent subscription while the portion for non institutional investors got subscribed 10 per cent. The public issue of up to 2,56,32,000 equity shares of face value of Rs 5 each has a fresh issue of up to 1,82,58,400 shares and an Offer for Sale (OFS) of up to 73,73,600 shares by its promoter, Pravin Kumar Agarwal. The company through its IPO will fetch Rs 358.85 crore and Rs 379.35 crore at the lower and the upper ends of the price band, respectively. Price range for the offer is Rs 140-148 a share. The initial public offering (IPO) will conclude on July 4. The Mumbai-based company has three business verticals -- construction and management, hospitality, and management ...

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state

3 of crisis management team settle NSE 2021 trading glitch case with Sebi

Three persons, who were part of the crisis management team at the National Stock Exchange (NSE), on Wednesday settled with markets regulator Sebi a case of trading glitch that occurred at the bourse in February 2021. The three executives settled the case with Sebi on non-monetary settlement terms as the regulator ordered them to do community service for the cause of investor education and awareness for 14 days. Also, they have been directed to take up and pass appropriate training courses. Those who settled the case were -- Ravi Varanasi, who was Chief Business Development Officer at NSE, K S Somasundaram, who was Chief Enterprise Risk & Information Security Officer of NSE and Mayur Sindhwad, who was Chief Operating Officer of the bourse, at the time of the glitch. Trading was halted at the NSE for nearly four hours on February 24, 2021, reportedly due to telecom links failure leading to unavailability of the online risk management system of NSE Clearing Ltd (NCL). NCL, a ...

WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr

WWD Ruby sold its entire 4.77 per cent stake in restaurant chain operator Sapphire Foods India Ltd for over Rs 417 crore through open market transactions. The shares were lapped up by investors, including Nomura, Societe Generale, and Goldman Sachs (Singapore) Pte. According to bulk deal data with the National Stock Exchange (NSE), WWD Ruby sold a total of 30,30,215 shares, amounting to a 4.77 per cent stake, in the restaurant chain operator. The shares were divested at an average price of Rs 1,377.1 apiece, translating into a transaction size of Rs 417.3 crore, the data showed. In December 2022, WWD Ruby sold 30.45 lakh scrips or a 4.8 per cent stake in Sapphire Foods. Sapphire Foods is an omnichannel restaurant operator and the largest franchisee of Yum! Brands in the Indian subcontinent. Shares of Sapphire Foods were settled 1.37 per cent higher at Rs 1,410.05 on the NSE on Tuesday.

Delhi's Deer Park de-recognised as 'mini zoo', deers to be shifted out

The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate purposes. Founded in 2007, the Mumbai-based company has the largest operational deployment

Stock market holiday on Bakri Id rescheduled to June 29 from June 28

This comes after the Maharashtra government postponed the Bakri Id holiday in the state to June 29 from June 28

MCX shares fall as exchange cancels mock trading session for new platform

Shares of Multi Commodity Exchange (MCX) fell over 3 per cent on Friday, a day after the exchange cancelled the mock trading session for the new trading platform. The exchange is in the process of implementing a new commodity derivative platform. In a circular on Thursday, MCX said, "the exchange had proposed a mock trading session on 22 June 2023, from 05.00 pm to 11.30 pm which stands cancelled." The stock went lower by 3.12 per cent to settle at Rs 1,570.45 on the BSE. During the day, it fell 6.37 per cent to Rs 1,517.80. At NSE, it declined 3.28 per cent to end at Rs 1,568.80. Earlier this week, the exchange had proposed a mock trading session on June 19 also but cancelled the same. The exchange had earlier also announced to conduct mock trading sessions to familiarise members with the new trading platform. "MCX stock price fell on June 23 as media carried reports in the morning about cancellation of mock trading on the previous day. Mock trading has been cancelled on a coup

NSE, NITIE ink pact for academic, research collaboration in economics

Leading stock exchange NSE on Friday said it has joined hands with the business school National Institute of Industrial Engineering (NITIE) Mumbai for an academic and research collaboration in finance and economics. The move is aimed at creating an industry-ready talent pool by utilising mutual capabilities, the National Stock Exchange (NSE) said in a statement. The pact covers a wide range of activities, including capacity building through the design and development of courses in finance and economics, undertaking research in areas like fintech and organising seminars, conferences and symposia, among others. Also, NSE and NITIE will collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy.

Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them