Page 3 - Stock Exchange

Chai Point eyes stock exchange listing by mid-2026: Co-founder Tarun Khanna

Chai Point, the popular tea cafe chain that sells close to a million cups of high-quality, freshly brewed tea every day, is looking to go public and list on stock exchange by mid-2026, its co-founder Tarun Khanna said. Chai Point made a special mark during the Kumbh Mela in Prayagraj, selling one lakh cups of tea a day at the peak from its limited-edition outlets. Conceived in 2009 when Khanna, a professor in Harvard University, was sipping a hot cup of tea at a cafe in Mumbai with his student Amuleek Singh Bijral. "On the roadside, there was a young boy selling tea in plastic cups to customers. Such 'chotus', as they are called, serve tea to millions in not-so-good plastic cups and not in the most hygienic conditions. A thought occurred as to why can't we bring authentic, flavourful, and high-quality tea to the masses in the most hygenic ways at an affordable price and at the same time also provide employment to the chotus," he said. That was the germinating point of Chai Point wh

BSE, Asia's oldest stock bourse, seeks ways to dent rival NSE's dominance

While the BSE's is renewing its focus on lifting cash volumes, bourses globally are gearing up to boost derivatives trading amid rising volatility

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

The stake sale, which will occur in two tranches, is estimated to fetch the Adani group approximately $2.2 billion (Rs 18,824 crore) upon completion

Metropolitan Stock Exchange to raise Rs 238 cr in fresh attempt at revival

Firms owned by Groww, Zerodha among investors

UFO Moviez sells its entire stake in associate company Mukta V N Films

The financial details were not disclosed in the filing. Additionally, UFO Moviez also sold 2,40,000 share warrants of Mukta V N Films

Sebi warns against unauthorised platforms for unlisted securities

Sebi highlighted that these platforms operate in violation of the Securities Contracts (Regulation) Act, 1956, and the Sebi Act, 1992, which are designed to protect investors' interests

EQT Asia doubles down on India's health care, financial services, and infra

Swedish PE firm invests $6 bn in 18 months; sells stake worth $2.4 bn

Sensex, Bankex, and Sensex 50 expiry days to change from 1 January 2025

The weekly contracts of Sensex will expiry on Tuesday of every week instead of Fridays, the BSE said

Sebi bats for independence of clearing corporations from stock exchanges

Regulator proposes measures to diversify ownership, other reforms

Exchanges make 45 new additions in the F&O following new eligibility norms

The changes will be effective November 29, first additions in the last 2.5 years

Sebi directs regulated entities to end ties with unregistered advisors

Issues draft circular for recognising digital platforms for associations with registered entities

GQG Partners to pay $500,000 penalty to settle US regulator SEC charges

The investment firm settles alleged violation of whistleblower norms through consent

Sebi issues performance evaluation guidelines for market infra institutions

Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies. The guidelines are aimed at ensuring consistency and uniformity for evaluations to be done by independent external agencies. For performance evaluation criteria, Sebi said the evaluation will be based on seven key criteria - technology resilience (40 per cent), investor education (17 per cent), regulatory compliance (15 per cent), governance practices (8 per cent) and 5 per cent each for adequacy of resources and fair access and treatment to all stakeholders and information disclosure. MIIs are required to appoint independent external agencies to evaluate their performance every three years. The agencies need to have relevant expertise in the securities market and must receive a "No Objection Certificate" (NOC) from Sebi, the regulator sai

Sebi asks exchanges, market infra institutions to ensure minimal data loss

Markets regulator Sebi on Thursday asked stock exchanges and other market infrastructure institutions (MIIs) to ensure that the Recovery Point Objective (RPO) -- the maximum period for which data loss is tolerable due to a technical glitch or disruptions -- is near zero. In market parlance, a recovery point objective (RPO) of near zero means that an institution should aim for almost 100 per cent availability of their data and applications. Further, MIIs need to have a documented methodology for data reconciliation when resuming operations from Disaster Recovery Site (DRS) or any other site as applicable, Sebi said in a circular. Additionally, Sebi has asked MIIs -- stock exchanges, clearing corporations and depositories- to collaborate in developing a standardized definition of 'near zero data loss' and submit the same to it after taking approval from their respective Standing Committee on Technology. In addition to a Disaster Recovery Site, all stock exchanges, clearing ...

NYSE, Nasdaq increase scrutiny of Chinese firms amid volatility concerns

Investment bankers, lawyers and professional services companies on the matter said that the Nasdaq had been focusing on the identity and background of investors

No NOC request from NSE for IPO, says Sebi; requests HC to dismiss plea

Replying to a writ petition, it says delay not on the regulator's part

Asia stocks dip as geopolitical uncertainty adds headwinds fro investors

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 per cent and was headed for its worst week in over a month with a 2.4 per cent loss

Market regulator Sebi directs exchanges, other MIIs to levy same fees

Move aimed at providing fair access, fee to all clients

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

Travel portal ixigo's parent looking to raise up to Rs 740 cr via IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, is looking to raise up to Rs 740 crore through its initial share-sale opening for public subscription on June 10. The issue, with a price band of Rs 88 to Rs 93 per share, will conclude on June 12 and bids for anchor investors will open for a day on June 7, the company announced. The Gurugram-based company's Initial Public Offering (IPO) is a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders. This translates into public issue size of Rs 740 crore. Under the OFS, SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares. Proceeds worth Rs 45 crore from the fresh issue