Leading stock exchange NSE on Friday said it has joined hands with the Insolvency and Bankruptcy Board of India (IBBI) for research collaboration. The objective of the collaboration is to create a research ecosystem in the area of insolvency and bankruptcy in the country, the exchange said in a statement. It further said that an efficient insolvency and bankruptcy resolution system enables timely resolution of financial stress, balances interests of all stakeholders, promotes entrepreneurship and increases availability of credit at optimal costs. This, in turn, improves growth prospects and builds institutional strength in an economy. IBBI is a unique regulator, which regulates insolvency professionals as well as insolvency processes. Under this collaboration, NSE and IBBI will focus on enhancing the existing research efforts in the areas related to insolvency and bankruptcy in India, promoting studies that explore interlinkages between the development of the insolvency process, ..
Sources said the market regulator is yet to give a go-ahead to the exchange
The registrations are 2.6 times more compared to the same period last year and 6 times higher when compared to the same period of FY19
NSEIT Ltd, the IT-services focused subsidiary of NSE, on Wednesday said it has acquired majority stake in integrated cloud service provider Cloudxchange.io. However, the financial details of the deal were not disclosed. With this addition of Cloudxchange.io, NSEIT will offer end-to-end digital transformation solutions from cloud to security, NSEIT said in a statement. Founded in 2016, Cloudxchange.io is a multi-cloud managed service provider for AWS, Azure, Google and Oracle Cloud. It has expanded its offerings to cloud consulting, multi-cloud aggregation, cloud back-up and disaster recovery (DR). It has over 250 enterprise clients across sectors including Banking, financial services and insurance (BFSI), manufacturing, logistics and the government. "In the current pandemic situation, India's financial services sector is focused on migrating to virtual operations. This need of the hour has led to an increasing demand for secure, scalable, and cost efficient infrastructure, thus ..
Exchange traded funds (ETFs) are getting a lot of attention from investors, with the leading stock exchange NSE witnessing listing of 100th such instruments.
Company is awaiting the written order of the NCLT approving the Resolution Plan, says the stock exchange
Shares including the likes of Bharat Heavy Electricals started outpacing the Nifty 50 Index at the end of March
In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City
Here are the best of Business Standard's opinion pieces for Monday
The head of Asia-Pacific equity research at BNP Paribas says a renewed slowdown in consumption and some service sectors can lead to consensus downgrades to Indian earnings estimates
On Friday, the index closed at 14,631, after dropping 264 points, or 1.8 per cent. Despite the sharp fall, the 50-share index currently trades above its 100-DMA of 14,459
Bank stocks lead the fall; FIIs pull out Rs 3,465 crore
The complexion of the index has undergone a drastic change since its inception.
Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said
To safeguard interests of investors, leading stock exchanges BSE and NSE have asked their trading members to take extra caution while trading in over 300 illiquid stocks. Illiquid stocks are those that cannot be sold easily because they see limited trading. These stocks pose higher risks to investors because it is difficult to find buyers for them as compared to frequently traded shares. In similar-worded circulars issued on Wednesday, both exchanges advised their trading members "to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients". BSE and NSE have listed out 299 and 13 illiquid stocks, respectively, where additional due diligence is required. Illiquid scrips listed by BSE include Garware Marine Industries Ltd, Mefcom Capital Markets Ltd, Ekam Leasing & Finance Company Ltd, Maruti Securities Ltd, Bangalore Fort Farms Ltd, Gujarat Investa Ltd, Golechha Global Finance Ltd, Vertex Securities Ltd, Munoth ...
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
Defying a positive global market sentiment, the domestic markets looked set to start the week on a subdued note, spooked by fast-rising Covid cases in the country
Regulator issues new guidelines for switching to backup sites
The finance ministry has asked markets regulator Sebi to take necessary measures to address issues that led to the outage at National Stock Exchange recently