Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.
MCX Stock Exchange on Tuesday said it has received approval from capital markets regulator.
The number of companies with promoters whose demat accounts were frozen by the stock exchanges due to non-compliance increased over the past year. The BSE froze promoter demat accounts in 457 companies, according to data from the Securities and Exchange Board of India's (Sebi's) 2024-25 annual report released on August 12.
The National Stock Exchange (NSE) has offered to pay Rs 1,388 crore to the Securities and Exchange Board of India (Sebi) to settle the colocation and dark fibre cases, potentially clearing the way for its much-awaited initial public offering (IPO). This is the biggest-ever settlement plea made with the markets regulator.
Prime Minister Narendra Modi inaugurates the Navi Mumbai International Airport and a portion of the Mumbai Metro Line, marking significant improvements to transportation infrastructure in Mumbai.
'Success isn't about a single brilliant idea; it's about the relentless execution, the ability to withstand the storms, and the unwavering belief in your mission, even when no one else sees it,' Madhu Lunawat, founder, The Wealth Company.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
The move is meant to curb or reverse the export of India's financial markets to overseas trading platforms.
Star had picked up stake in August 2004; transaction took place on the Metropolitan Stock Exchange of India
The investors had pumped in a net sum of Rs 2,965.66 crore on February 11, the second-highest single-day inflow so far this month.
Following the arrest of fugitive businessman Mehul Choksi by Belgian authorities on Saturday, Vaibhav Khuraniya, one of the complainants in a fraud case against Choksi, said that it may not be easy to bring him back to India due to legal complexities involved in extradition.
Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.
The chief metropolitan magistrate, S C Mishra, rejected on Thursday the bail petition of tainted stock broker Ketan Parekh and extended his judicial custody for another 14 days.\n\n\n\n
Leading Mumbai stockbroker and allegedly the chief conspirator in the Rs 120 crore (Rs 1.20 million) scam at Calcutta Stock Exchange in March 2001, Ketan Parekh, was on Saturday granted bail by the Chief Metropolitan Magistrate.
Ketan Parekh was denied bail by a court in Kolkata on Monday, and remanded to police custody till January 28 in connection with the Rs 120-crore (Rs 1.20 billion) scam at the Calcutta Stock Exchange.
A Kolkata court on Friday rejected the bail prayer of former Calcutta Stock Exchange president Kamal Parekh and extended his police custody till June 24 in connection with the Rs 120 crore (Rs 1.2 billion) scam.
Stock broker Ketan Parekh, arrested in connection with Rs 120 crore (Rs 1.2 billion) scam at Calcutta Stock Exchange, has filed a special leave petition with Supreme Court for bail, his lawyers said on Thursday.\n\n
One thing that has never been a hard sell in Mumbai over the past few years is property. But last week, for the first time in 13 years, Mumbai's metropolitan authorities failed to sell government land in an auction in India's financial capital.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
A Kolkata court on Tuesday extended for four days the police remand of former big bull Ketan Parekh in connection with the Rs 120 crore (Rs 1.20 billion) Calcutta Stock Exchange scam, even as it granted bail to another accused.
In the last three financial years and in the current financial year till November 15, SFIO was asked to investigate 167 cases.
Tokyo -- the songs Japan, Love In Tokyo and Sayonara from the 1966 Hindi film automatically pop up in the mind -- is buzzing and crowded like any other metropolis, discovers Deepa Gahlot. The modern apartment blocks are built cheek by jowl, so close together that one can open the window and borrow sugar from the neighbour in the next building. One of the fears of the Indian traveller is the unavailability of vegetarian food. Every city and town in Japan has an array of Indian restaurants that serve every variety of cuisine, right from Gujarati to Punjabi to Andhra and Kerala meals.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
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.
About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore.
New York City Mayor Bill de Blasio has said that the metropolitan city is the 'epicenter' of the coronavirus crisis in the United States, as government officials announced some of the most stringent measures to slow the spread of the pandemic that has claimed over 200 lives in the country.
Police have identified the suspect as 28-year-old Usman Khan, inspired by the ideology of Al Qaeda terror group, was previously sentenced to 16 years in prison term for his role in the London Stock Exchange bombing in 1990.
'The person who carried out the London attack... was a fighter from the Islamic State, and did so in response to calls to target citizens of coalition countries,' the ISIS statement read.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
ED filed a bulky prosecution investigation report before the XXI Additional Chief Metropolitan Magistrate cum Special Sessions Judge here today seeking to "prosecute the accused for the offence of money laundering" under the Prevention of Money Laundering Act.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
If November 9 ushers in a Hillary Clinton presidency, you can bet your last dollar that Huma Abedin will be back at POTUS' side.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
'It was only relatively recently that Subhash Kapoor was able to secure the sources in India, Afghanistan and Cambodia, that allowed him to get the really highest level objects, and that helped propel him in recent years up the ranks.'
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