Bombay Stock Exchange, under new CEO Madhu Kannan, wants to re-invent itself. Is it too late?
The new contracts will be denominated in US dollars and settled in cash.
'We have a lot of hope from mobile, algorithmic trading and the small and medium enterprise segment. The journey has just begun.'
Both the Bombay Stock Exchange and the National Stock Exchange will have special trading sessions on Saturday, June 4, as NSE would test its back-up facilities at Chennai.
Following the CLB nod, the company can also publish the June 2010 quarterly numbers with the September quarter results.
Three Anil Ambani Group companies -- Reliance MediaWorks, Reliance Capital and Reliance Capital Partners -- have acquired 16,196 shares, or 0.05 per cent stake, of Fame India through open market transaction, Reliance MediaWorks said in a filing to the Bombay Stock Exchange.
Share prices of both upstream and downstream public sector oil companies fell up to two per cent on Monday. Even Essar Oil, a private fuel retailer, fell 1.50 per cent on the Bombay Stock Exchange.
"Although extended market hours seems inevitable in the long run, current infrastructure and environment does not completely support the move."
After the Bombay Stock Exchange (BSE) Brokers Forum, the Association of National Stock Exchange Members of India (ANMI) has decided to approach the government and the Securities and Exchange Board of India (Sebi) on extension of trading hours from January 4.
Select markets like the Bombay Stock Exchange and the National Stock Exchange, the Foreign Exchange and the Money Market will remain closed on Monday, April 14 on account of Ambedkar Jayanti.
Small cap stocks can sometimes surprise by yielding large returns to investors.
AstraZeneca Pharma India, the Indian subsidiary of AstraZeneca Pharmaceuticals AB, Sweden, has decided to delist its scrip from the Bombay Stock Exchange, National Stock Exchange and Bangalore Stock Exchange.
Satyam Computer on Monday said it has appointed Venki Prathivadi as the country manager for its Australia and New Zealand operations.
Intelligence Bureau officials told rediff.com that the Lashkar-e-Tayiba had plotted to strike the BSE to shake up the Indian economy. The terrorist outfit had delegated their Nepal module -- comprising Imran Shehzad -- to carry out the attack.
The Ministry of Corporate Affairs (MCA) has shelved its idea of auditing the books of listed companies by independent auditors.
Economists and stock market pundits in India's financial capital could hardly believe Saturday's election result, which seemed tailor-made for investors.
The venture -- named as BSE StAR MF, has received confirmation from more than 20 mutual fund-houses to participate and seven funds, with a total of 103 schemes, will be available from today itself.
The companies are Harig Crankshafts, Prag Bosimi Synthetics, Rathi Ispat, Harvic Management Services India, Wisec Global, International Hometex, Advance Multitech, Konkan Tyres, Hinafil India, Virtualsoft Systems, Sri Jayalakshmi Spinning Mills, Sriven Multi Tech, Padmanabh Alloys & Polymers, Nuway Organic Naturals India, IFSL Ltd, Triumph International Finance India, Vital Communications and IQ Infotech.
The Bombay Stock Exchange has declared a trading holiday on October 13 on account of the Maharashtra Assembly elections.
Last year the exchange had approached market regulator SEBI for a proposed initial public offer and listing.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
Private air carrier Spicejet on Wednesday said it will raise $75 million (about Rs 355 crore) through the sale of shares or bonds to fund its fleet and route expansion programme.
The Bombay Stock Exchange's 30 share benchmark Sensex is trading 5.69 per cent lower so far this year.
Maran had clinched a deal in June to acquire a 37.7 per cent stake in the airline for about Rs 750 crore (Rs 7.5 billion) from American investor Wilbur Ross, his investment companies and the Kansagara family-promoted Royal Holding Services Ltd.
HDFC Bank Chairman Jagdish Capoor has been appointed as the chairman of the Bombay Stock Exchange Ltd, which has recently turned into a corporate entity.
India's largest software services exporter Tata Consultancy Services on Friday said it will expand its strategic business alliance with US-based Dow Chemicals that will create new jobs in Midland-Michigan.
Shriram Investments to mull rights issue.
Bombay Stock Exchange is working on trading in different categories like debts, interest rate derivatives, forex and power.
For investors and traders, who want to do technical analysis, there are a number of software packages for intra-day charting and end-of-day (EOD) software.
India's two prime bourses, the National Stock Exchange and the Bombay Stock Exchange, are likely to extend the trading time by two-and-a-half hours from next month and a formal notification to this effect is expected shortly.
A problem in the software, which was unable to send trade confirmation to the members, compelled BSE to shut trading from 12 pm to 2.30 pm.
"Because of the technical problems being faced by trading members in trade confirmation, it has been decided to close the market at BSE from 12 noon to 1 pm on November 1, 2010," the BSE said.
The combined turnover in the futures and options segment and cash segment on the two premier bourses -- the National Stock Exchange and Bombay Stock Exchange -- was at Rs 2.82 lakh crore (Rs 2.82 trillion), up by Rs 46 crore (Rs 460 million) compared to the previous record of Rs 2.36 lakh crore (Rs 2.36 trillion) seen last month only.
Firms denied peer review certificate may be barred from auditing
State-run NTPC will invest about Rs 20,000 crore to set up a 3,960-megawatt (Mw) coal-based power project in Madhya Pradesh. NTPC had signed a memorandum of understanding with the state government and MP Power Trading Company regarding this, the company said in a filing to the Bombay Stock Exchange.
The 30-share barometer of the Bombay Stock Exchange ended the session at 20,303.12, higher by 137.26 points, or 0.68 per cent, with HDFC, RIL, TCS and Hindalco contributing the most.
Drug major Ranbaxy on Wednesday said it has received approval from the Australian health regulator to market its antipsychotic drug Ozidal Risperidone in that country.
Leading mortgage firm Housing Development Finance Corporation (HDFC) on Monday reported a 21.63 per cent rise in net profit to Rs 807.54 crore (Rs 8.07 billion) for the second quarter ended September 30, led by higher loan disbursal.
A BSE spokesperson, confirming the resignation, told PTI in Mumbai that that BSE board has accepted his resignation and he would be relieved of his responsibilities from end-this month.
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