The story of the Bombay Stock Exchange and the people who shaped its growth: From wars and bomb blasts to speculators, reformers and wealth creators.
In the last five days, there were instances in which various groups of protesters agitated in front of the Mantralaya (secretariat), Bombay Stock Exchange, were seen roaming along the Marine Drive, Jehangir Art Gallery, Giragon Chowpatty and Gateway of India, but police controlled the crowd and were seen requesting them to take precautions.
The 1993 Mumbai bombings were a series of 12 coordinated explosions across the city on March 12, 1993, killing 257 people and injuring hundreds.
Co-location attracts institutional investors, which drives volumes for long-dated options, with higher realisations at lower costs.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
The Bombay Stock Exchange on Friday opened an exclusive Investor Service Centre in Chennai, offering a complete range of services including redressal of investor complaints along with acting as a single window for all queries on stock markets.
Hiranandani Group's real estate investment firm, Hirco Plc on Thursday announced it will invest over Rs 1,000 crore (28.4 million pounds) in a commercial township development project near Mumbai.
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
The Securities and Exchange Board of India (Sebi) is mulling changes to the 'fit & proper' criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.
Hexaware Technologies Ltd announced on Wednesday a new location for its asset management and capital markets practice at Manhattan, New York.
In a filing to Bombay Stock Exchange, the IT major said that ". . .it plans to add approximately 200 new jobs in the next fiscal at its Cumberland location in Cobb County and expects additional expansion in the metro Atlanta area over the next couple of years."
'It is far too early to celebrate the numbers.' 'They are still fairly weak compared to the pre-pandemic level.'
DLF, Indiabulls win Rs 450 cr land deal
People like Ramesh, who sells roasted chickpeas for a living, have no stake in one of the country's biggest extravaganzas -- the Union Budget. Ask him about the Budget and its impact on people like him and he smiles at you as if you are talking Greek or Latin. He is representative of a vast swathe of India's poor, whose lives the powers-that-be feign to improve by an exercise like the Budget.
Pharma major Orchid Chemicals & Pharmaceuticals on Monday said USFDA has completed inspection of its state-of-the-art formulations facility located at Irungattukottai in Chennai.
Leading wind power company, Suzlon Energy Ltd on Tuesday said it will invest Rs 1,500 crore (Rs 15 billion) to set up manufacturing facilities in India, in order to increase export market share and demand.\n
Raymond Ltd said on Thursday it has entered into a definitive agreement with Belgium-based UCO NV, for combining the denim business in a proposed 50:50 joint venture company to be located in India.
Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).
Country' biggest private sector shipbuilder ABG Shipyard today said it will acquire Vipul Shipyard for an undisclosed amount.
Get Ahead reader Jitendra Gursingh reviewed Mumbai restaurant Jimmy Boy recently. Here's what he had to say about it.
Tata Chemicals has decided to buy US-based General Chemical Industrial Products Inc for over USD 1 billion.
Leading developer Ansal Housing and Construction Ltd is expecting a turnover of about Rs 250 crore (Rs 2.5 billion) from its upcoming residential project in Haryana in the next 3-4 years.
Larsen & Toubro has won about Rs 70.3 crore [Rs 703 million) ($15.6 million)] contract from Radissons Group for the construction of a 15-storey hotel and service apartments in Bahrain.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
Baba Ramdev-led Patanjali Ayurved Ltd will sell its food retail business to group firm Ruchi Soya Industries Ltd for Rs 690 crore as part of its strategy to focus on non-food, traditional medicine and wellness business.
Nestle desires to relaunch Maggi by the end of this year.
'Hackers from China and UK were involved in the October 12 power outage,' Maharashtra power minister tells Rediff.com.
An exchange which preaches others on governance must start practising it first, says Shyamal Majumdar.
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
The S&P BSE Sensex has gained 149 points to open at 25,802.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
The S&P BSE Sensex surged 217 points to end at 25,736.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
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