The New York Stock Exchange on Friday announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.
US short seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from Indian capital market regulator Sebi over alleged violations in placing bets on the conglomerate stocks. Hindenburg termed the show cause notice as "nonsense" and "concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India."
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
Foreign Secretary Vikram Misri arrived in Dhaka on Monday on a day-long visit to hold talks with his Bangladeshi counterpart, amid strained bilateral ties since August following the ouster of prime minister Sheikh Hasina.
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.
India, with m-cap of about $1.6 trillion, is ahead of Switzerland.
Sachin Tendulkar and Shane Warne visited the New York Stock Exchange to highlight the inaugural cricket series in New York.
Prime Minister Narendra Modi is deeply concerned by the war in Ukraine and his meeting with President Volodymyr Zelenskyy in New York demonstrates his commitment to finding a way forward and contributing in any way possible to a resolution of the conflict, Foreign Secretary Vikram Misri said.
Plans over $1 bn equity sale to fund group buyouts.
The accounts were hacked through a third-party platform, a spokesperson for the social media platform said in an emailed statement, without giving further details.
With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.
Two people were killed in a 'vehicle explosion' at the United States-Canada border crossing near Niagara Falls in the afternoon hours on Wednesday, CBS News reported citing sources.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
While the New York Stock Exchange is usually filled with testosterone-driven men, it sometimes does see Hollywood actors, models and sport stars.
United States President Barack Obama toured areas in New York devastated by the superstorm 'Sandy' and met first responders, saying "long-term" rebuilding is required in the state which is still struggling to recover from the storm that hit its Northeast two weeks ago.
Currently Jack Ma owns 7.6 per cent of Alibaba and Joe Tsai owns 3.1 per cent.
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.
Sandy is expected to leave a trail of destruction along its path both in terms of human and economic cost.
The Treasury Department said it will convert about $25 billion of preferred shares into common stock provided private holders agree to the same terms, the government said in a statement on Friday. The conversion would give the US a 36 per cent stake in the New York-based firm.
When anonymous tweeter @Comfortablysmug tweeted 'Breaking: Confirmed flooding at NYSE (New York Stock Exchange) The trading floor is flooded under more than 3 feet of water,' it was picked up by the National Weather Service, the Weather Channel and CNN.
New York Stock Exchange (NYSE) and Nasdaq remained closed for the second consecutive day, the first time since 9/11, as superstorm Sandy swept across New York City, leaving the Wall Street powerless.
New York's financial district has changed a lot since 1900.
While stock exchanges worldwide are consolidating, not much action is happening in India due to the cap on equity holding in stock exchanges.
Let's take a look at some of the biggest IPOs floated by Internet companies.
The deal amounts to $33.12 per share and once closed, NYSE shareholders would own approximately 36 per cent of ICE shares.
Beijing did not announce expected policy support over the weekend
Find out more about these millionaires, who made a fortune after they quit their jobs.
Tata Motors Ltd has completed the public filing for listing the American Depository Receipts on the New York Stock Exchange.
Investors who keep track of stock markets via charts tend to make a baseless decision about the riskiness of a stock based on its run-length, according to a new study by Indian-origin researchers.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
For the first time since the September 11 terror attacks, the New York Stock Exchange and Nasdaq suspended all trading on Monday as the United States eastern seaboard braced for Hurricane Sandy, dubbed as one of the most dangerous storms to hit the the country.
The New York Stock Exchange was back in business on Wednesday.
The 37th India Day Parade organised by the Federation of Indian Associations.
'The deal pipeline across products is robust for 2024.'
Riding on the company's stellar market debut, Twitter co-founders Evan Williams and Jack Dorsey saw their combined fortunes soar by over one billion dollars in a single day to $3.6 billion.
New York Stock Exchange, along with a group of global investment banks, including Goldman Sachs, are together picking up over 20 per cent stake in the country's leading stock exchange, the National Stock Exchange.
