Page 10 - Stock Exchange

Higher share trading tax clouds outlook for Hong Kong stock exchange

The city's budget deficit is expected to hit a record HK$257.6 billion ($33.2 billion) for 2020/21

US approves NYSE listing plan to cut out Wall Street middlemen

The SEC's approval of the NYSE's listing plan threatens to overhaul the US IPO market

India INX inks pact with Luxembourg Stock Exchange to develop green finance

The pact will provide opportunities for dual listing, enhancing visibility and also increase secondary market trading in green, India INX said in a statement

Exchanges need to ensure complaints are resolved within 15 days: Sebi

Markets regulator Sebi on Friday said stock exchanges will have to ensure that investor grievances are resolved within 15 working days afterreceiving such complaints. The move is aimed at strengthening the investor grievance redressal mechanism, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator also said that Investor Grievance Redressal Committee (IGRC)would not dispose the complaint citing lack of information and complexity of the case. Besides, expenses of IGRC will be borne by the respective stock exchange and no fees would be charged to the complainant, Sebi said. "Stock exchange shall ensure that the investor complaints shall be resolved within 15 working days from the date of receipt of the complaint," Sebi said. Aditional information, if any, required from the complainant, would be sought within seven working days from the date of receipt of the complaint. Further, exchanges will have to maintain a record of all the complaints addressedwi

Govt's social stock exchanges proposal may face disclosure roadblock

An SSE is a platform that allows NGOs and voluntary non-profit organisations to raise capital for social purposes

How a piece of hardware took down Japan's $6-trillion stock market

A data device critical to the Tokyo Stock Exchange's trading system had malfunctioned, and the automatic backup had failed to kick in

Sebi slaps Rs 6-crore penalty on NSE for investing in 'unrelated' biz

Currently, NSE holds between 25 per cent and 100 per cent stakes in these entities through its arm NSE Investments

Palantir Technologies slips 5% on first day after long-awaited listing

Palantir ended the day with a market capitalization of about $15.7 billion based on its listed shares

Tokyo Stock Exchange paralysed by hardware glitch in worst-ever outage

TSE said the outage was the result of a hardware problem at its "Arrowhead" trading system, and a subsequent failure to switch over to a backup device

New Zealand's stock exchange resumes trading after cyberattacks

There is no clarity on who was behind these "offshore" attacks, but the failure to stop them has raised questions about New Zealand's security systems, experts said

How Social Stock Exchange will help raise funds, regulate social sector

NPOs looking to raise funds will have to list themselves on the exchange, but to do so they will have to meet minimum standards of reporting

Sebi extends usage of digital signature certification till Dec 31

The extension has been granted after Sebi received a representation from the Institute of Company Secretaries of India

Capacity utilisation stands at 90% of pre-Covid levels: Hindustan Unilever

All its factories and warehouses are open, barring the one in Assam.

Fast-track rights issue: Sebi comes out with guidelines for REITs, InvITs

In a circular, the regulator said listed REITs and InvITs desirous of issuing units under fast-track rights issue will have to comply with certain guidelines.

Sebi allows investors to access stock exchange infra to transact in MFs

Before this, Sebi allowed investment advisors and mutual fund distributors to use stock exchanges for sale and purchase of MFs

The future of impact investing

Three major trends to consider when designing the Social Stock Exchange

10 firms to list commercial papers on BSE for Rs 7,185 cr issue size

Leading stock exchange BSE on Friday said 10 companies have filed applications with the bourse to list their commercial papers (CPs) for a total issue size of Rs 7,185 crore. Bajaj Finance Ltd, National Fertilizers Ltd, Network18 Media & Investment Ltd, TV18 Broadcast Ltd, Bajaj Housing Finance Ltd, SBI Cards and Payment Services Ltd, Axis Finance Ltd, Aditya Birla Money Ltd, ICICI Home Finance Company Ltd and Standard Chartered Investments and Loans (India) Ltd are the firms that have made applications to list their CPs with the exchange, BSE said in a release. Post process, the effective date of listing of CPs with the exchange will be January 6, it added. "Till date, 59 issuers have done 381 issuances of commercial papers and have successfully listed CPs of Rs 1,28,745 crore on BSE. The weighted average yield of these issuances is 6.09 per cent with an average tenor of 132 days," the exchange added. CP is an unsecured money market instrument issued in the form of promissory ...

BSE to sell 4% stake in Central Depository Services through OFS mechanism

The exchange will sell 41.8 lakh equity shares, representing 4 per cent of its stake in CDSL through offer for sale route, according to information available with the NSE

Misusing client assets

Sebi must work with exchanges to reassure investors

Sebi allows exchanges to modify commodity derivatives contracts

Sebi has classified non-material modifications as symbol, description, tick size, strikes, margins etc