Page 8 - Stock Exchange

Govt issues draft guidelines for RRBs listing; minimum net worth Rs 300 cr

In a bid to enable regional rural banks (RRBs) to raise resources by listing on stock exchanges, the government has issued draft guidelines that set certain basic criteria, including net worth of at least Rs 300 crore during the previous three years. They should also have capital adequacy above the regulatory minimum level of 9 per cent in each of the preceding three years. The RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previous five years, according to the draft guidelines issued by the finance ministry recently. Besides, there should not be any accumulated loss and the lender should have given return on equity of minimum 10 per cent in three out of the preceding five years, it said. As per the draft norms, the responsibility of identifying suitable lenders for issuing initial public offering (IPO) has been left with the respective sponsor banks. The sponsor bank would take into account the ...

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

Britannia elevates Varun Berry to vice-chairman, names Rajneet Kohli CEO

Berry will continue the hold of managing director at the company, the company said in a stock exchange filing

Exchanges start walking the line on Sebi's call for data democratisation

Calling data a public infrastructure, Sebi chairperson recently spoke in favour of enforcing free accessibility

Can Fin Homes stock under pressure second day in row, sheds 4% on BSE

No word yet on successor to MD & CEO Girish Kousgi, who resigned on Monday

Entities listed on SSE to submit audited annual impact report, says Sebi

Market regulator clears the decks for setting up the bourse

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

Small-cap funds can be rewarding for those who can stomach volatility

Limit investments in this space to 10-15% of your corpus, though; pay attention to fund size

Social Stock Exchange: What kind of organisations can list on it?

Sebi says non-profit organisations that work on eradicating hunger, poverty, and inequality, among other activities, can list on exchange

Sharp surge in markets boosts equity share sales of listed companies

A sharp surge in the market from this year's lows in June is stoking equity-share sales at listed companies

China state-owned giants to delist from US exchanges amid audit spat

The US SEC on July 29 added Alibaba to a growing list of companies that could be kicked off American exchanges if the two countries fail to reach a deal.

India at 75: 20 milestones for Indian markets between 1995 and 2002

From the launch of the Nifty50 to the Ketan Parekh scam and the slump in the aftermath of the 9/11 terror attacks, here are the 20 biggest events for stock markets from 1995 to 2002

Two entities pay Rs 63 lakh to settle Varun Beverages case with Sebi

The two applicants proposed to settle the alleged violations of insider trading rules "without admitting or denying the findings" through a settlement order

What challenges await Ashish Chauhan as he takes over at NSE?

Ashish Kumar Chauhan is set to take over the reins of the NSE. What are the challenges that await Chauhan at NSE - which has been hit by a massive scam and whose former CEO is in ED's custody?

HC seeks CBI stand on ex-NSE GOO Subramanian's bail in co-location case

The Delhi High Court on Tuesday sought the CBI's stand on a bail plea filed by National Stock Exchange (NSE) former group operating officer Anand Subramanian in the co-location scam case. Representing the accused, senior advocate Vikas Pahwa argued that an incomplete chargesheet has been filed in the case and sought a mandatory bail under the Criminal Procedure Code as well as on merits. Justice Sudhir Kumar Jain then issued a notice seeking the CBI's response. The former GOO was arrested by the CBI on February 24 and was remanded to custodial interrogation. He was sent to judicial custody on March 9. In his bail plea filed through advocate Alok Tripathi, Subramanian has stated that a trial court wrongly dismissed his plea for default bail in the matter by an order passed on May 28. An FIR in this case was registered in May 2018 amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information

Sebi's SOP to resolve dispute under stock exchange arbitration mechanism

Sebi has come out with a SOP for dispute resolution under the stock exchange arbitration mechanism for disputes

Sebi brings new format for security cover certificate, revises timeline

Sebi has revised timelines of submission of security cover certificate, valuation report and quarterly compliance report, and regulatory compliance by debenture trustees

Indian Commodity Exchange ceases to be recognised bourse: Sebi

The exchange, in its submission, said it would raise investment and restart the trading within one year. However, no action plan has been submitted

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading

EXCHANGE22 - India's 1st Sports Stock Exchange Wins over MyFab11 in a Copyright Infringement Tussle

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