Leading stock exchange NSE on Thursday said it has received in-principle approval from capital markets regulator Sebi to set-up a social stock exchange as a separate segment. The National Stock Exchange of India (NSE India) received an in-principle nod from the Securities Exchange Board of India (Sebi) on December 19, it said in a statement. "We are working towards the launch of SSE as a segment on NSE. We believe this platform will immensely benefit the social enterprises contributing to the sustainable development goals," Ashishkumar Chauhan, MD and CEO of NSE, said. The framework for the Social Stock Exchange (SSE), which was notified in July, was developed on the basis of the recommendations of a working group and technical group constituted by the regulator. SSE is a novel concept in India and such a bourse is meant to serve the private and non-profit sectors by channelling greater capital to them. The idea of SSE was first floated by Finance Minister Nirmala Sitharaman in her
There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it
The National Stock Exchange (NSE) on Wednesday asked investors not to subscribe to any scheme with assured returns offered by an individual named Jay Prakash. The advisory comes after the NSE found that the individual was collecting funds from the public and was providing guaranteed returns on investment. He was also offering to handle trading accounts of investors by asking them to share their user ID and password. The bourse pointed out that the person is not registered either as a member or authorized person of any registered member of the NSE. Cautioning the investors, the NSE asked them not to subscribe to any such scheme or product offered by any individual offering assured returns in the stock market as the same is prohibited by law, according to the statement. Further, investors have been asked not to share their trading credentials such as user ID and password with anyone. "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such .
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
Historically, one-year returns for the markets have been tepid whenever valuations have been in this zone, reveals a study by the brokerage
New plant expected to boost company's revenues, margins
As foreign investors pumped money in stocks in India over the last week, Indian benchmark Indices, the BSE Sensex and NSE Nifty, reached new highs, despite economic chaos at the global level
The ADTV for the futures and options segment (both NSE and BSE combined) stood at Rs 147.5 trillion - a gain of 2 per cent MoM
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After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market
Odisha signed an MoU with BSE and NSE to promote local MSMEs
A Delhi court will hear on December 7 the bail applications of former NSE chief Chitra Ramakrishna and ex-Mumbai Police Commissioner Sanjay Pandey in a corruption case related to alleged illegal phone tapping and snooping on stock exchange employees. Special Judge Sunena Sharma adjourned the matter after the counsel appearing for the two accused prayed for adjournment on the ground that their petition challenging the rejection of their bail application in a connected money laundering case, being probed by the ED, is pending before the Delhi High Court which has reserved its orders. In view of request, let the bail applications of the accused be listed for arguments on December 7, the judge said in an order passed on November 30. Both the accused are currently in the judicial custody. The judge also directed the Tihar jail superintendent to produce Pandey before the court physically on the next date of hearing, as the accused himself will argue his bail application. According to th
FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges
Currently, 14 SGX Clearing Members have been onboarded for the transition
The rally was underpinned by strong inflows from foreign portfolio investors (FPIs)
Experts say gains by Indian equities will be steady if is no crude oil price surge
Having spent nearly two decades at the country's largest bourse, Ramamurthy is among the early architects of NSE and understands all the cogs of the exchange wheel like only a few others
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Experts to advise changes to framework around FPI, takeover code and social stock exchanges
The two categories were subscribed around 7 times each; QIB was nearly half covered