Page 5 - Stock Exchanges

Bourses, people dealing in securities market to pay 18% GST on Sebi's fee

The new tax rate will be effective from Monday, the Securities and Exchange Board of India (Sebi) said in a circular.

Exchanges must provide data on unclaimed shares

The stock exchanges should aggregate data on unclaimed shares and dividends from all listed companies, and provide it on their websites with easy-to-use search functionality

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Concord Enviro Systems files draft papers with Sebi for funds via IPO

The proposed IPO comprises fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 35,69,180 equity shares by promoters and an investor

Demat a/cs maintained by stock brokers need to be tagged by June-end: Sebi

Credit of securities will not be allowed in any demat account left untagged from July 1 onwards. However, credits on account of corporate actions will be permitted, the Sebi said in a circular.

Sebi tweaks SOP in case of defaults by trading and clearing members

The measures are aimed at protecting the interest of non-defaulting clients of trading members (TMs) or clearing members (CMs) in the likely event of default.

Regulators don't need constitutional status

Accountability and transparency are effective ways of ensuring that they remain truly independent

IFB Agro board approves contributions up to Rs 40 cr to political parties

Firm mentions in Stock exchange filing that it was writing in continuation of earlier letters to boures wherein it had intimated about excise issues affecting it

India mothballs plan to let local companies to list overseas: Report

3 govt officials with direct knowledge of the decision say the plan had been put on hold as govt believes there's enough depth in local capital markets for firms to raise funds and get good valuations

GPUIL to start trading on stock exchanges from Wednesday

Equity shares of GMR Power and Urban Infra Ltd, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards. "The scrip will trade under the script ID GMRP&UI," the company said in a statement. GMR Power and Urban Infra Limited (GPUIL) is the new entity into which the non-airport businesses of GMR Group have been demerged. Post the demerger, GIL (GMR Infrastructure Limited) has emerged as the India's first pure-play airports' company and has been trading ex-demerger since January 12, 2022. "GPUIL now has some of the best-in-class infrastructure assets in India, which include state-of-the-art power plants and renewable energy assets, highways, and special investment regions," it said. The firm has a balanced mix in its energy generation portfolio - 4.8 GW of power generation capacity, of which 2.8 GW is commissioned. The company operates two solar power plants at Patan in Gujarat and at Rajam in Srikakulam district of Andhra Pradesh.

Large NSE shareholders sell stake amid IPO delay, total holding down by 10%

Citigroup, Goldman Sachs and Norwest Venture sold their entire stake in FY22, exchange data shows; others have pruned holdings

Amid raids on ex-MD, Cong questions silence of PM, FM on NSE's functioning

Ramkrishna hit the headlines after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayas in the appointment of Subramanian as NSE's group operating officer and advisor to MD

Cooperating with regulator in probe of alleged information leak: NSE

The NSE said the matter involving leak of confidential information to an unknown person by its erstwhile chief Chitra Ramkrishna was an old issue and the exchange had already made a course correction.

An over-engineered social stock exchange?

With over Rs 246 billion spent by companies on corporate social responsibility in FY20, the social sector is now deep

BSE net profit rises 39% to Rs 65.14 crore in September quarter

BSE on Friday reported a jump in net profit

BSE joins hand with All India MSME Association to promote listing of MSMEs

Leading stock exchange BSE on Thursday said it has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and startups. Through this pact, AIMA MSME will assist BSE in evaluating MSMEs and startups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs, the exchange said in a statement. Further, the two entities will host joint roadshows and events across the country to raise awareness among micro, small & medium enterprises (MSMEs) for listing on the exchange's SME segment. "We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups," Ajay Thakur, Head BSE SME and Startup, said. Avinash Dalal, .

Phased T+1 settlement cycle roll-out a win for foreign portfolio investors

Real transition will begin only in Dec '22 for foreign investors

Stock exchanges to start T+1 settlement cycle from Feb 25, 2022 in phases

Some of the global custodians, through which a large number of FPIs transact, welcomed the exchanges' move

Top headlines: India to buy 10 mn doses of ZyCoV-D; Britannia Q2 net falls

Business Standard brings you the top headlines from today

Wall Street: Dow falls over 300 pts as ADP jobs beat sparks taper fears

All 11 major S&P 500 sector indexes down; American Airlines, Nucor fall on Goldman Sachs' downgrades