'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
The Athletics Federation of India (AFI) has decided to appeal to the Court of Arbitration for Sport (CAS) regarding the women's long jump event at the Asian Games. They claim Indian long jumper Shaili Singh was denied a medal due to an incorrect, 'shorter' measurement of her fourth attempt, a discrepancy highlighted by her mentor Anju Bobby George.
Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.
India's market regulator, Sebi, is set to issue a consultation paper proposing changes to the methodology for determining settlement prices of derivative contracts, following significant feedback and 'sharp price spikes and distortions' observed during the recently implemented Closing Auction Session (CAS) mechanism.
World Athletics President Sebastian Coe has confirmed that the governing body's position on excluding Russian and Belarusian athletes from international competition remains unchanged, despite an upcoming Court of Arbitration for Sport (CAS) case. Coe emphasised that the decision is based on maintaining the integrity of competition, not politics. Russian Athletics has filed a fresh appeal with CAS challenging these sanctions, which have been in place since Russia's invasion of Ukraine in 2022.
Russian Athletics has filed a new claim with the Court of Arbitration for Sport (CAS), challenging sanctions imposed by World Athletics that prevent Russian athletes from participating in international competitions.
The divergence between the Sensex and Nifty closing values narrowed on the third day of the Closing Auction Session (CAS) rollout, but market participants, including Zerodha's Nithin Kamath, highlight structural issues and the unfortunate timing of its introduction alongside new RBI norms.
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
The Closing Auction Session (CAS) on expiry day led to unprecedented volatility in the Nifty 50 and Sensex, causing the indices to swing wildly in just 14 minutes and raising concerns among traders about market manipulation and increased speculation.
Market experts have largely supported Sebi's proposed changes to the expiry-day trading framework, including delinking derivatives settlement prices from cash-market closing prices and discontinuing live indicative index values during the Closing Auction Session (CAS), believing these will address volatility and manipulation.
The Russian Athletics Federation has lodged an appeal with the Court of Arbitration for Sport against the World Athletics Council's decision to extend the suspension of Russian athletes from international competitions, citing discrimination.
Indian long jumper Shaili Singh discusses her controversial fourth-place finish at the Asian Games, where her jump measurement was disputed. She expresses her determination to move past the incident, focusing on upcoming competitions and her recovery from an ankle injury, while also exploring the triple jump.
The Nifty 50 experienced significant volatility during its closing auction session, leading to losses for both long and short retail options traders due to thin liquidity and rapid price swings, particularly in private-sector banks.
Churchill Brothers are set to begin their new Indian Super League campaign against Mumbai City FC on Sunday. Head Coach Dimitris Dimitriou aims to establish a distinct footballing identity, while the team returns to the ISL after a season away, following a turbulent period in Indian football.
Gujarat CID-Crime has registered FIRs against three political outfits Swatantrata Abhivyakti Party, Satyavadi Rakshak Party, and Garib Kalyan Party for allegedly orchestrating a 'poll donation scam' amounting to Rs 314 crore in tax evasion. These parties reportedly collected donations, returned money after deducting commissions, and facilitated tax rebates for donors, with chartered accountants also implicated. The scam involved submitting false contribution reports to the Election Commission.
Kazakh businessman Timur Turlov has been elected the new president of the world chess governing body FIDE, succeeding Arkady Dvorkovich. Turlov won a closely contested election against German entrepreneurs Wadim Rosenstein and Jan Henric Buettner, securing a four-year term. His victory comes amidst scrutiny over Russian influence and FIDE's financial independence, with Turlov campaigning on expanding digital reach and supporting smaller federations. He also addressed concerns about his ties to the outgoing administration and FIDE's commercial partner, Freedom Holding Corp.
The Securities and Exchange Board of India (Sebi) has swiftly barred Copthall Mauritius Investment and Mansi Share & Stock Broking from the securities market for alleged manipulative trades during the closing auction session (CAS) on Sensex expiry. The regulator has also directed the impounding of wrongful gains totalling 3.67 crore from the two entities.
For nearly three decades, the two sides of the story had existed independently. One had been recorded in a pilot's logbook; the other carried in the memory of a young boy who had survived a terrible accident, recalls Air Commodore Nitin Sathe (retd).
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
August 2026 witnessed a significant surge in India's primary market, with 21 mainboard initial public offerings (IPOs) raising approximately 21,000 crore, marking the highest monthly deal count of the year, even as benchmark indices experienced declines.
Manchester City has reportedly been found guilty of 114 out of 115 alleged breaches of Premier League financial rules, a development that could have significant repercussions for English football. The club denies wrongdoing and plans to appeal, stating the process is ongoing and confidential. This ruling follows a lengthy investigation and raises questions about financial regulation and competitive integrity in the league.
Indian benchmark equity indices, Sensex and Nifty, closed mixed on Friday. While a drop in crude oil prices offered some relief, weakness in IT stocks and several Tata Group counters, including a significant dip in Tata Chemicals and ongoing boardroom issues at Tata Sons, limited a broader market recovery.
Indian benchmark stock indices, Sensex and Nifty, experienced mixed trading following the introduction of a new Closing Auction Session (CAS) for shares with futures and options (F&O) contracts, aimed at enhancing price discovery transparency. Track Sensex, Nifty on August 4
Indian stock exchanges are actively preparing to implement a new closing auction mechanism (CAS) from August 3, aimed at enhancing transparency in determining closing prices for securities with derivative contracts.
Indian benchmark indices Sensex and Nifty ended a four-day rally, closing lower on Tuesday following the introduction of a new Closing Auction Session (CAS) for F&O stocks, which has added a layer of volatility and led to an early adjustment in market structure.
The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by entities with minimal business activity, including those in border districts, and is scrutinising the chartered accountants who issued the mandatory tax determination certificates.
Indian kabaddi player Brijendra Singh Choudhary has been stripped of his silver medal from the Asian Beach Games after testing positive for a prohibited diuretic. The International Testing Agency (ITA) confirmed the anti-doping rule violation, which Choudhary has accepted.
'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
Analysts predict that crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will be the primary drivers of the Indian stock market this week, alongside foreign investor activity and domestic quarterly earnings.
The Nifty's stunning 200-point jump in the final minute of trading wasn't a glitch. It marked India's shift to a new, globally accepted system of end-of-day price discovery.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.
Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.
Indian wrestler Jaspreet Kaur has been sanctioned by the International Testing Agency (ITA) after testing positive for prohibited stimulants, octodrine and heptaminol, during the Asian Beach Games. She accepted the anti-doping rule violation, leading to disqualification of her results, with further sanctions from United World Wrestling possible.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade, primarily due to a surge in crude oil prices and a retreat in Wall Street, as investors reduced exposure to risk assets amidst geopolitical uncertainty. Track Sensex, Nifty on August 7, 2026.
Two chartered accountants have been arrested by the Enforcement Directorate in connection with a money laundering case linked to a cyber fraud involving Rs 641 crore.
CA All India Rank 3 Sohan Anil Manjrekar tells Rediff how he spent five years preparing for one of the toughest examinations in the country; he did it to fulfil his father's dream.
The International Chess Federation (FIDE) has suspended Russia's membership for up to three years due to its failure to comply with a ruling to stop holding events in Russian-controlled Ukrainian territories. This decision follows Russia's continued organisation of chess events in annexed regions, violating a Court of Arbitration for Sport order.
The All-India Football Federation defended its handing over the I-League 'trophy' to Inter Kashi on Sunday, saying it did so after "due legal consultation" and as per decisions given by the Lausanne-based Court of Arbitration for Sport (CAS) and Swiss Federal Tribunal.
