'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
New-age tech tools and 'mystery shoppers' are helping the country's top bourse stay ahead of the curve against dabba trading platforms and entities dolling out unsolicited investment tips. In the past one month, the National Stock Exchange (NSE) has issued close to two dozen warnings and advisories against such activities. "We saw a rise of dabba trading or illegal trading platforms after the pandemic.
Markets watchdog Sebi has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per share in its financial results more than 13 years ago. Sebi decided not to impose any penalty for the alleged violations mainly on two grounds, including that the amendment to the relevant law that made incorrect disclosure of information by a listed company punishable came into force prospectively from March 2019. Besides, the regulator mentioned about its pending appeal before the Supreme Court against a Securities Appellate Tribunal (SAT) order.
In the men's draw, the "Big Four" look poised to scrap it out for yet another Grand Slam crown over the next week after Rafael Nadal, Roger Federer and Andy Murray all won on Monday to join Novak Djokovic in the last eight.
'The markets haven't corrected, that doesn't mean that they will only go up and up.'
At least 30 PSUs and 170 private firms will have to divest promoter holdings in a phased manner.
Former champions Renault and Williams unveiled their 2009 Formula One cars on Monday before testing at the new Algarve Motor Park circuit in southern Portugal.
The government on Thursday paved the way for corporatisation of bourses through amendments in Securities Contract Regulation Act in line with the suggestions made by the Joint Parliamentary Committee.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
Sebi's plea for such powers has been endorsed by the finance ministry.