June 14, celebrated five years of Rediff.com as a Nasdaq listed company.
If approved, the Nasdaq plan could have far-reaching effects on competition, pricing and complexity in options and stock markets.
The Kal Ho Naa Ho star is only the third Indian actor to ring the bell, with Shah Rukh Khan and Kajol being the first two.
Software major Infosys Technologies would be included in the coveted NASDAQ-100 index with effect from December 18, the company said in Bangalore on Saturday.
Along with India's Consul General Dnyaneshwar Mulay.
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.
Foreign investors withdrew Rs 10,355 crore from the country's equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. This infusion helped reduce the overall outflow for March to Rs 3,973 crore, according to data from the depositories.
Popular social networking site Facebook, which will soon launch its initial public offering, has zeroed in on the Nasdaq Stock Exchange to list its shares.
Oxley is also the co-author of Sarbanes-Oxley Act which outlines regulation of financial practice and corporate governance for publicly-listed firms in the US. Meanwhile, Nasdaq Managing Director (Asia Pacific) Ghanshyam Dass said Indian companies across all sectors are looking for possible listing. While Infosys and Sify were listed on Nasdaq in 1999, Rediff got into the exchange in 2000.
India's Independence Day has been marked annually at Nasdaq for several years.
As Dayal rang the opening bell at 9:30 am, billboards across Times Square displayed images of the tricolour.
The National Stock Exchange listed the Dow Jones Industrial and S&P 500 on its platform last week.
The Nasdaq 100 index comprises the largest non-financial stocks on the exchange. In November 2006, Infosys went in for issue of $1.65 billion American Depository Receipts.
And even as India readies to celebrate the Festival of Lights on October 21, the Nasdaq Stock Market too has joined in the festivities.
In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts.
Amid the tumbling stock market in the United States, following the White House clarification of tariffs on China to be at least 145 per cent and an earlier announcement of a 90-day pause on tariffs for over 75 countries, President Donald Trump addressed the challenges associated with his tariff policy, stating that there would be 'transition problems'.
Indian companies fare poorly compared to their Chinese counterparts in listing their stocks on the Nasdaq stock exchange in the United States.
World number one Justine Henin-Hardenne will not play in next week's $3 million NASDAQ-100 Open, preferring instead to hone her claycourt game.
Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion. The Nasdaq-listed company does a major part of its business in India, but has trailed peers such as Tata Consultancy Services and Accenture over the last few years as growth tapered, margins squeezed, and attrition soared.
Dalal Street investors were a poorer lot on Monday as their wealth eroded sharply by Rs 14 lakh crore following a sharp decline in benchmark indices amid a global market meltdown due to recession fears. The 30-share BSE Sensex tumbled 2,226.79 points or 2.95 per cent to settle at 73,137.90. Intra-day, the benchmark slumped 3,939.68 points or 5.22 per cent to 71,425.01.
All Sensex shares, except for Hindustan Unilever, ended with losses. Tata Steel fell the most by 7.33 per cent followed by Larsen & Toubro which cracked 5.78 per cent. Tata Motors, Kotak Mahindra Bank, Mahindra & Mahindra, Infosys, Axis Bank, ICICI Bank, HCL Technologies and HDFC Bank were the other big laggards. Hindustan Unilever ended marginally higher.
'If the US stagnates and falls into a recession, the dollar will weaken, oil prices will also dip. This augurs well for India.'
India could become a dominant foreign presence in US equity markets, Nasdaq Stock Market Inc. executives said on Monday, and the No. 2 US stock market wants to take advantage of that growth.
Domestic benchmark equity indices may see a positive trading sentiment on Friday thanks to a spectacular rally in world markets after the US President Donald Trump announced to put tariff hikes on hold for 90 days, excluding China from the reprieve. Indian stock markets were closed on Thursday for Shri Mahavir Jayanti. Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown.
United States President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
Ajit Balakrishnan, chief executive officer & chairman, rediff.com, will ring the opening bell at the Nasdaq Stock Market on Monday, October 9, 2006.
The shutdown was the longest in recent memory, and prompted US Securities and Exchange Commission Chair Mary Jo White to call for a meeting of Wall Street leaders to help insure the 'continuous and orderly' functioning of securities markets.
Indian IT firm Cognizant Technologies Corporation started trading at the Nasdaq exchange in New York on March 5.
Facebook has a market capitalisation of around $29.7 billion and when the company went public its market value was about $104 billion.
June 14, celebrated five years of Rediff.com as a Nasdaq listed company.
Earlier in 2012, the Gurgaon-based firm with 5,000 employees and top line revenue of close to $100 million, had put on hold plans for a Nasdaq listing citing market conditions.
National Association of Software and Services Companies has signed a pact with Nasdaq, electronic stock exchange in US, to assist Indian companies to raise capital and get listed in American capital markets.
