Sebi on Friday allowed Bangalore Stock Exchange (BgSE) to exit as a bourse from the capital markets.
Close to 20 regional stock exchanges, including the big exchanges of Delhi, Chennai, and Bengaluru, have voluntarily exited in the face of SEBI's stringent regulations. Namrata Acharya finds out what makes CSE continue to fight its lone battle.
'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'
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.
Indian Institute of Management Bangalore is offering special digital courses taught by their professors.
Earlier this week, Bosch had said it would temporarily stop producing auto parts in India as part of its global working hours rationalisation programme due to the slowdown in international markets. The company is also closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
DSE, which is gearing up to resume its operations this diwali after a gap of about seven years, is in talks with various closed regional stock exchanges across the country to provide them its trading platform. Though there is no official confirmation on the names of the regional bourses, sources at DSE say talks with stock exchanges in Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore are in the final stages.
Rachin Ravindra found the night of July 14, 2019, one of the longest and hardest to endure as he watched New Zealand's heartbreaking defeat to England in the ODI World Cup final sitting in a Bengaluru pub.
World's largest exchange, the New York Stock Exchange is wooing India's showpiece IT firm Infosys Technologies to list its shares on its trading platform.
Software major Wipro's head of sales (America), Rich Garnick has resigned, the second such exit of a senior executive after the company's high-profile vice-chairman Vivek Paul left the firm a month ago.
In response, the New York Stock Exchange-listed firm said it has paid the tax and has sought a meeting with Bruhat Bangalore Mahanagara Palike for a discussion on the issue and has a 'strong enough' case in defence.
In a novel move, India's premier bourse National Stock Exchange is launching an advertisement-based investor awareness campaign on the popular Rajdhani Express trains on select routes.
"Outlook for wages and salaries... given the current scenario, we have no plans for increase in the course of the year," the Bangalore-headquartered, New York Stock Exchange-listed company's executive vice-president, Pratik Kumar said. On campus hiring in the current fiscal, he said the company would visit the colleges (only) in January-March (unlike previous years when they selected students a year before they got the degree) but gave no firm numbers.
Senapaty indicated that Wipro's acquisitions, whenever they are made, would be large, saying the company generally avoided very small companies because "the impact is not going to be felt."
Infosys Technologies said on Tuesday that it will decide on issuing bonus shares or stock split during its board meeting in Bangalore on April 13.
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
Global technology service provider EDS said on Monday it has reached an agreement to acquire Bangalore-based software testing firm RelQ Software Private Ltd.
Satyam Computer Services and Sun Microsystems India on Wednesday have announced the launch of the Satyam customer solution centre on Sun Technologies.
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
Telecom software company Subex Systems Ltd on Tuesday said it has bagged an order for its flagship fraud management system, Ranger, from a US-based Internet Service Provider.
Premji said, Wipro is not feeling the "effects" of the eurozone crisis.
On the prowl for more buyouts, software major Wipro would pursue the strategy of acquisitions more aggressively in future along with other initiatives.
Quotes of scrips traded at the National Stock Exchange will now be available on mobile phones thanks to an innovation by Bangalore based Live MarketWatch Solutions.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
Technology major Sasken Communication Technologies on Wednesday acquired Chennai-based Integrated SoftTech Solutions (iSoftTech) for $1.45 million.
Infosys Technologies Ltd on Wednesday as part of the MoU between the company and government of China it would train 100 students from China.
DLF, India's largest real estate developer by market cap, on Monday said it has sold 49 per cent stake in some of its residential projects to private equity investors for a total consideration of Rs 1,675 crore (Rs 16.75 billion).
IT major Wipro has proposed to establish a software economic zone in Kolkata, according to a top government official.
The board of directors of Infomedia India, which met on Monday, approved a proposal to acquire 100 per cent equity in UK-based Keyword group for $3.35 million.
On course to become India's first biotech company to be listed on a stock exchange, Bangalore-based Biocon Ltd on Thursday kicked off a roadshow for its initial public offering that opens on March 11.
Bangalore-based Sasken Communication Technologies has lost a case to 3g.com in an international arbitration court, and has been asked to pay $1.15 million as damages for failing to supply products under the terms of a contract between them.
The initial public offering of the shares of Bangalore-based Biocon Ltd has received bids five times the one crore shares available for subscription within an hour of opening of the biding process on Thursday.
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