The National Stock Exchange (NSE) has received Rs 300 crore from the Securities and Exchange Board of India (Sebi) following relief from the Supreme Court (SC), which is hearing an appeal by the market regulator in the colocation case. The court on March 20 asked Sebi to return Rs 300 crore to the NSE from the Rs 1,107 crore the exchange had deposited as part of the disgorgement in the case. The NSE had given an undertaking that it will return the entire amount to Sebi if the latter wins its appeal before the SC.
Markets watchdog Sebi on Friday directed stock exchanges to impose "financial disincentives" on stock brokers for technical glitches at their end, amid instances of snags at the brokers' end impacting the overall trading system. Besides, the stock brokers would have to inform the bourses within one hour of any glitch happening in their trading sysstems as well as submit a preliminary incident report in one day. As part of tightening the regulations, Sebi also said that the bourses should disseminate on their websites the instances of technical glitches occurring in the trading systems of stock brokers along with the Root Cause Analysis (RCA) of such issues.
Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.
Six months after storming out of the Baroda team hotel due to his argument with Krunal, Hooda joined Rajasthan ahead of the 2021-2022 season as a professional, but such was his frame of mind that Hooda never spoke money with the RCA officials.
Rahane and a few Rajatshan Royals players, who had come for training found the SMS gates locked by the sports council employees for close to half an hour before they could enter after the intervention from franchise officials.
The construction work for the first phase of the stadium is likely to take 24 to 30 months.
The Lalit Modi faction received a severe jolt on Tuesday with the Rajasthan high court ordering the Rajasthan Cricket Association (RCA) elections be held on May 29.
Leading stock exchanges BSE and NSE have put out comprehensive guidelines for handling technical glitches at members' end in order to prevent disruptions. Under the new framework, members will have to pay Rs 20,000 per day in case of failure to report the incident to the exchanges within the required timeline, BSE and NSE said in separate circulars. The guidelines outline technology infrastructure and system requirements that a member should put in place to prevent any incident of business disruption resulting from technical glitches.
Heavy dew, which will minimise the toss advantage, has been predicted for India's opening T20I against New Zealand as Jaipur gears up to host its first international match in eight years on Wednesday.
The two-day meeting is scheduled in Singapore from December 7.
The Board of Control for Cricket in India's decision to form an ad-hoc body in Rajasthan Cricket Association to ensure the state's participation in domestic tournaments may lead to more legal tangles as the Lalit Modi faction in the RCA is planning to move the court against the BCCI.
The New Zealand squad arrived here on a charter flight a day after losing the T20 World Cup final to Australia in Dubai. Since it is a bubble to bubble transfer, the Black Caps will not have to quarantine before the first T20I against hosts India on Wednesday.
Rajasthan Cricket Association president Lalit Modi got a shot in the arm as the Rajasthan High Court dismissed the BCCI petition challenging the civil suit filed by the state cricket body on ground of jurisdiction. The BCCI wanted the civil suit to be shifted to either Chennai or Mumbai and had argued that Rajasthan had no jurisdiction. Suspended IPL commissioner Modi, who is facing a life ban from BCCI, was elected president of Rajasthan Cricket Association in the elections held in December 2013 despite threats from the apex body. After a legal battle the Supreme Court had allowed Modi to contest elections in the light of the Sports Act prevailing in Rajasthan but also gave a green signal to BCCI to take action against RCA as per its own bylaws.
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Former IPL commissioner Lalit Modi was on Monday removed as the Rajasthan Cricket Association president.
The Barsapara Stadium in Guwahati will host former champions Rajasthan Royals' first two home matches during the upcoming edition of the Indian Premier League, the BCCI said. Rajasthan Royals will play their remaining five home matches at their designated home ground of Sawai Mansingh Stadium in Jaipur.
Rajasthan Cricket Association representative Mehmood Abdi feels Board Of Control For Cricket In India president N Srinivasan should not decide on any matter relating to Lalit Modi's possible return to administration through the RCA because of his "old enmity" with the banned former IPL commissioner.
With decks cleared for him to continue as president of Rajasthan Cricket Association (RCA) following rival Amin pathan's withdrawal of 'No Confidence Motion', former IPL commissioner Lalit Modi in a series of tweets spoke about making the state association "transparent".
Rajasthan Cricket Association secretary Sanjay Dixit on Monday took a dig at Mumbai Indians skipper Sachin Tendulkar, who had criticised the Jaipur pitch after their seven-wicket loss to Rajasthan Royals in the Indian Premier League last week.
His nomination was announced by the outgoing President, Anthony Wreford, at the MCC Annual General Meeting at Lord's in May this year.
'Deepak Chahar was rejected by Greg Chappell at RCA for his height'
The Rajasthan High Court cleared the decks for its state cricketers to participate in all the domestic tournaments by naming selection committees for senior, junior and women's cricket, which both Rajasthan Cricket Association (RCA) and BCCI accepted.
Controversial former Indian Premier League Commissioner Lalit Modi was on Saturday unceremonimously ousted from the president's post of the Rajasthan Cricket Association (RCA) with a rebel group led by local BJP leader Amin Pathan taking over the reins.
Lalit Modi's attempt to regain control of the Rajasthan Cricket Association failed for the second time in six months after the BCCI strongman lost an acrimonious election for the president's post to Union Minister CP Joshi in Jaipur on Monday.
The Madhya Pradesh Cricket Association barred both the teams of the faction-ridden Rajasthan Cricket Association from playing the Twenty-20 Central Zone League tournament, which commenced in Indore on Tuesday. The MPCA's action came following a directive from the Board of Cricket Control in India, sources said.
Faced with the tricky issue of how to deal with the possible re-entry of banned former IPL Commissioner Lalit Modi into Rajasthan Cricket Association, the BCCI has decided to become a party in the Supreme Court case challenging the RCA polls and get its position clarified.
Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, was elected president of the Rajasthan Cricket Association (RCA) as his panel swept all six posts in a tension-ridden election of the state body.
The high voltage elections of the Rajasthan Cricket Association (RCA) have been scheduled for December 19 even as uncertainty prevails over former IPL Commissioner Lalit Modi's participations in the poll.
Disgraced former Indian Premier League Chairman Lalit Modi took to social media to slam BCCI bigwigs Anurag Thakur and Rajiv Shukla for not implementing the Lodha Committee recommendations.
The newly elected Rajasthan Cricket Association (RCA) has set up a three member committee, headed by a retired IAS Mahendra Surana, to probe the alleged "financial irregularities" during the tenure of former president Lalit Modi.
The newly chalked Futures Tours Programme (FTP) and the hefty compensation of Rs 850 crore to now-defunct Indian Premier League franchise Kochi Tuskers Kerala will be discussed extensively when Board of Control for Cricket in India's Special General Meeting is held in New Delhi on Monday.
A High Court order which has asked Rajasthan Cricket Association (RCA) and the State Government to sign an Memorandum of Understanding (MOU) for Sawai Man Singh Stadium has raised the hopes that Jaipur might host Rajasthan Royals' home matches in upcoming IPL VI.
Uncertainty looms large over the city's chances of hosting this edition's IPL matches as the MoU between Rajasthan Cricket Association (RCA) and Rajasthan State Sports council (RSSC), which had expired last year, is yet to be renewed.
The Board of Control for Cricket in India on Tuesday called an Emergent Working Committee meeting on Saturday in Chennai to discuss the possible implications of banned former Indian Premier League commissioner Lalit Modi's re-entry into Rajasthan Cricket Association.
The warm-up one-day match between England and a RCA President's XI will be held in Jaipur on March 25.
Upset with his remarks on Sachin Tendulkar on Twitter over the controversial Jaipur pitch, Board of Control for Cricket in India on Tuesday served showcause notice on Rajasthan Cricket Association (RCA) secretary Sanjay Dixit.
Faced with legal action for his derogatory comments against the RCA, former Australian cricketer Dean Jones defended his statement, saying that he never used any word that was deemed to be defamatory.
At least six affiliated state units, including Rajasthan Cricket Association (RCA), have sought an emergent working committee meeting of the Board of Control for Cricket in India on Sunday to discuss matters related to the Supreme Court case regarding the IPL spot-fixing and betting scandal.
The Rajasthan Cricket Association suspended its vice president him for "disgracing" the members.
Former Indian Premier League commissioner Lalit Modi expressed happiness after the BCCI conceded his victory in the Rajasthan Cricket Association presidential election but lamented the further delay in the official announcement of the result.
The downpour in Gujarat has forced the BCCI to shift the Champions League Twenty20 Group A match between Mumbai Indians and the Highveld Lions from Ahmedabad to Jaipur.
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