Page 2 - Stock Exchanges

Bosch receives over Rs 20 crore tax demand notice from Income Tax dept

In a regulatory filing, Bosch said the delay in paying the tax 'is inadvertent and is swiftly reported, once it was brought to the notice'

NCLT approves amalgamation of Suven Pharma, Cohance Lifesciences

As per the scheme's terms, the merger will take effect from the first business day of the month following the fulfilment of all conditions

BSE Q3 results: Net profit doubles to Rs 220 cr, revenue at Rs 835 cr

Leading stock exchange BSE on Thursday reported its net profit doubling to Rs 220 crore for three months ended December 2024. It posted a net profit of Rs 108.2 crore in the same quarter preceding fiscal, BSE said in a statement. The exchange recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December quarter of the current financial year (FY25), a 94 per cent jump from Rs 431.4 crore in the same period preceding fiscal. BSE witnessed an average daily turnover of Rs 6,800 crore for the quarter under review compared to Rs 6,643 crore a year ago. Its derivatives segment sustained its growth trajectory in the quarter with a daily premium turnover of Rs 8,758 crore against Rs 2,550 crore in the year-ago period. "Throughout 2024, BSE demonstrated focus and resilience, amidst challenges on the business and regulatory front, by introducing new products and market enhancements and expanding our strategic footprint. "Whilst the road ahead will not be without ...

Sebi defines weightage for rating stock exchanges over performance

The report for first such external evaluation of performance will be submitted by September 30

NCDEX looking to develop commodity derivatives ecosystem in Iran, Nepal

The tie-ups at present are mostly pro-bono arrangements, but the exchange wishes to monetise them in the future as and when it gets adequate experience and expertise

Sebi introduces new measures to curb misleading investment return claims

Sebi announced that a credit rating agency would act as the verification agency, while a stock exchange will serve as the data centre

Trump rings NYSE opening bell, marks 2nd time as Time's Person of the Year

President-elect Donald Trump rang the opening bell Thursday at the New York Stock Exchange after being recognised for the second time by Time magazine as its person of the year. The honours for the businessman-turned-politician are a measure of Trump's remarkable comeback from an ostracised former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November. Before he rang the opening bell at 9.30 am, a first for him, Trump spoke at the exchange and called it a tremendous honour. Time Magazine, getting this honour for the second time, I think I like it better this time actually, he said. Trump, accompanied by his wife, Melania Trump, daughters Ivanka and Tiffany and Vice President-elect JD Vance, grinned as people chanted USA before he rang the bell. He then raised his fist. In his remarks, he talked up some of the people he has named to his incoming administration, including Treasury pick Scott Bessent, and s

Exchanges seek clarification on disclosure violations by Adani Group firms

Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya's airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said "there are no allegations made against the company". On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action. Billionaire Gautam Adani, his nephew Sagar Adani, and others have been charged by US prosecutors with allegedly being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. The United

Stock exchanges roll back direct payout of securities to client accounts

Faced 'slight delays' in some cases, claim exchanges in a joint statement

Exchanges to hold special trading session for holdcos on October 28

Sebi had issued the framework to address the gap at which these holdocs are traded and the intrinsic value of their holdings

NCLT Ahmedabad approves delisting ICICI Securities from stock exchanges

The NCLT Ahmedabad bench, led by justice Shammi Khan, while approving the scheme, dismissed two applications objecting to the scheme of delisting

Why shares of Asia's oldest stock exchange zoomed 55% in 1 month; Details

Shares of BSE (formerly Bombay Stock Exchange), Asia's oldest exchange, rallied 10% on the NSE to hit a new high of Rs 4,235 on Thursday's intra-day trade in an otherwise weak market.

HUL constitutes committee to discuss the way forward for ice-cream business

In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same

Kotak MF's Nilesh Shah bats for restrictions on retail investors in F&O

Budget with BS: The Fine Print: 'Atithi Devo Bhava' is good for tourism not for financial markets; there should be no differential treatment, said Nilesh Shah, managing director of Kotak Mutual Fund

Reliance's O2C jitters: A refining challenge that's crimping growth

IPO moves and new energy clarity: Key upside risks for the conglomerate

Tyger Capital to list by next year, targets Rs 20,000 crore book

Gaurav Gupta said that in keeping with growing business, company expects to take on board 600 people in the current financial year as it is opening 60-65 new branches for broadening its network

The bigger the pain, the sooner you will get the money: Rajesh Magow

Rajesh Magow of MakeMyTrip reveals the secret for startups to negotiate this funding winter

Stock exchanges impose fines on Dish TV over board irregularities

Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company has again received notices, imposing fines on February 22, 2024, said Dish TV on Friday. The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday. "National Stock Exchange of India Limited and BSE Lt had issued notices dated February 22, 2024, to the Company in respect of Noncompliance with the requirements pertaining to the composition of the Board for the quarter ended December 31, 2023, and constitution of Audit Committee & Stakeholder Relationship Committee for the quarter ended September 30, 2023," it said. Stock exchanges "have imposed fines on the Company for the said non-compliances" with regulations 17(1), 18(1) and 20 of the SEBI Listing ...

NSE crosses 9 cr unique investors mark; adds last 1 cr in 5 months

The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed 9 crore, with the latest 1 crore additions taking place in just five months. The investor base has seen more than three-fold jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion, and strong market performance. "The unique registered investors on the National Stock Exchange of India crossed 9 crore on February 29, 2024," the bourse said in a statement. Besides, the total number of client codes registered with the exchange reached 16.9 crore. This includes all client registrations done till date. Notably, clients can register with more than one trading member. Unique investor registrations at NSE have seen an accelerating trend over the last few years. While the increase from 6 to 7 crore unique investors took about nine months, the next crore investors came in eight months, and the jump from 8 to 9 crore took only five ..

IOC, Gail and ONGC fined for failure to appoint directors on their board

Listing norms require companies to have independent directors in the same proportion as executive or functional directors. They are also required to have at least one woman director on the board