Page 9 - Stock Exchange

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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Sebi forms panel to strengthen governance of market infra institutions

Sebi constituted a committee for reviewing and making recommendations for further strengthening of governance norms at stock exchange and other market infrastructure institutions

India's oldest bourse BSE searches for CEO as Ashish Chauhan's term ends

The country's oldest stock exchange BSE has also embarked on a search for a chief executive and managing director as the incumbent Ashish Kumar Chauhan's term has ended.

Investors' wealth slumps over Rs 5.59 trn in three days of market fall

Investors' wealth tumbled more than Rs 5.59 lakh crore in three days of market fall as sentiments remained muted amid the Russia-Ukraine conflict and its impact on the global economy. Continuing its decline for the third day on Friday, the BSE gauge plummeted 1,214.96 points or 2.20 per cent to 53,887.72 during the day. It settled at 54,333.81, a decline of 768.87 points or 1.40 per cent. In three days, the benchmark index tanked 1,913.47 points or 3.40 per cent. Tracking decline in equities, the market capitalisation of BSE-listed companies plunged Rs 5,59,623.71 crore to Rs 2,46,79,421.38 crore in three days. "Markets ended the week with a sharp cut, reflecting the feeble global sentiment. After the sharp reaction in early trade, the benchmark oscillated in the broader range to finally settle around the day's low," Ajit Mishra, vice-president (research) of Religare Broking Ltd, said. In Friday's trade, Titan, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra and Hindustan .

New York Stock Exchange files trademark application for NFT marketplace

The New York Stock Exchange has filed an application to register the term 'NYSE' for a marketplace for non-fungible tokens (NFTs)

Airtel Africa enters into UK's FTSE 100 Index from Jan 31

Airtel Africa listed on the London Stock Exchange in June 2019. The company commands a market capitalisation of close to $8 billion

Colgate India meets distributors' body to sort out issue of price parity

Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra

Saudi stock exchange soars on debut after $1 billion IPO

The shares rose as much as 22% on Wednesday on bets that buoyant Middle East stock markets will attract more listings from private companies and cash from investors around the world

Didi shares plunge 20% on plan to delist from New York Stock Exchange

HONG KONG (Reuters) - Just five months after its debut, ride-hailing giant Didi Global said on Friday it would withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO.

Sebi tweaks guidelines for processing of draft schemes filed with exchanges

Sebi on Thursday clarified on guidelines for processing of draft schemes pertaining to mergers and demergers filed by listed companies with the stock exchanges. Under the rule, listed entities desirous of undertaking a scheme of arrangement are required to submit certain documents to the exchanges. Listed entities will be required to submit no objection certificate (NOC) from the lending scheduled commercial banks/financial institutions as well as debenture trustees, Sebi said in circular issued on Thursday. This circular is an addendum to the one issued on Tuesday. On Tuesday, the regulator said that such entities will be required to submit NOC from the lending scheduled commercial banks or financial institutions. Apart from this, the listed entities are required to submit certain documents to the exchange, which includes a valuation report. As per the revised guidelines, this report needs to be accompanied by an undertaking from the listed entity, stating that no material event

Top FPI association welcomes India's new T+1 settlement timelines

Staggered shift leaves more time for market players to evolve solutions to meet shortened T+1 cycle without triggering pre-funding by investors in US and Europe which are 10-15 hours behind India time

Sebi pushes for reforms to quell information asymmetry for small investors

Measures like e-KYC brought in investors even in Covid times

Markets regulator Sebi clears framework for social stock exchange

Markets regulator Sebi on Tuesday decided on a framework for the social stock exchange for fund raising by social enterprises.