Kavita Chowdhury on the men and ideals behind the 'people's party'
After the massive price volatility in Shekhawati Poly-Yarn, listed in January, the counter of Omkar Speciality witnessed wild price movements within a couple of days of listing.
Claiming that it had the best of the mechanism to protect clients and cut their losses during the stock market meltdown, ICICI Securities has said brokerage firms should be rated in the interest of investors.
The entities were involved in fraudulent practises in Sun Infoways stocks.
Exchanges will have to facilitate a more direct interface between clients and the clearing corporation, bypassing intermediaries such as brokers, under this new proposed framework.
The Anil Ambani group on Friday said that it has identified the stockbrokers behind the spread of malicious rumours and 'baseless sensational charges' against it and sought immediate action by the Securities and Exchange Board of India against the perpetrators.
FM has asked brokers to exercise self-regulation for capital markets and also advised them to corporatise. He has commissioned a World Bank study to suggest an effective model for India.
SBI was the top loser in the Sensex pack, shedding over 1 per cent, followed by Reliance Industries, Tech Mahindra, M&M, L&T, Bharti Airtel, IndusInd Bank and HDFC. NSE Nifty slipped 31.60 points to 15,824.45.
One of the most important investment decisions you'll make has nothing to do with stocks, bonds or mutual funds.
Bank of India will not resort to panic selling and is open to offer funds to brokers needing additional liquidity in the face of the stock market mayhem, a top bank official said.
Several Ahmedabad-based stock brokers are playing a key role in arranging dummy investors. The 'investors' apply for their full quota of shares. After allotment, they transfer the shares to the accounts of the brokers fronting for the operators in exchange for a 2.5 per cent commission.
The National Stock Exchange (NSE) has withdrawn its decision to change the expiry day for Bank Nifty derivatives contracts from Thursday to Friday. The move follows a "request" from the BSE, which settles its Sensex and Bankex derivatives contracts on Friday. The proposed change in Bank Nifty settlement was scheduled to be effective from July 6 with the first weekly expiry on July 14.
While a 6 million pounds (Rs 56 crore) fine has already been imposed on the Indian businessman, Rameshkumar Goenka, the Financial Conduct Authority took action against three more persons today in the same case by imposing total fines of about Rs 2 crore (Rs 20 million) on them.
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha.
Sixteen years after the stock market scam orchestrated by Harshad S Mehta, the custodian has put up eight apartments in a complex called Madhuli, which is occupied by his family in upscale Worli, for sale.
Emkay Share and Stock Brokers said that over the last couple of months, there has been a lot of disturbance in the telecom sector due to the regulatory issues on spectrum allocation, resulting in the gross under performance of the telecom shares.
NSE asks brokers to strictly follow rules for investor funds.
The odd super performer does not increase your wealth, great asset allocation does.
The regulator is unhappy with the exchange in the market crash case that occurred in 2012.
When stock brokers start quoting Oscar Wilde, it's probably a good time to bet on the markets. After the dismal Q4 GDP numbers, some experts are rushing to write the obituary of the India story. So, is this really endgame for India? It seems not.
In connection with the alleged Rs 300-crore Citibank fraud, Sebi is probing whether the stock brokers collected from the accused his income proof documents, a mandatory requirement for trade in derivatives market.
Budget proposal has put an end to the flourishing trade in STT, as STT is likely to be treated as any other deductible expenditure against business income.
The NSE said it is investigating the matter and the abnormal orders that resulted in multiple trades at low prices.
The Securities and Exchange Board of India has debarred stock brokers Ketan Parekh and Kartik K Parekh and seven of their entities from trading in the market for 14 years after finding their involvement in the 2001 stock market scam.
One of the biggest defaulters of Ahmedabad-based Madhavpura Mercantile Co-operative Bank, stock broker Ketan Vinaychandra Parekh has settled his dues with the bank by paying Rs 26 crore a fortnight ago, revealed informed sources. The so called 'big-bull' of the stock market has paid a whopping Rs 396 crore in less than two years to MMCB.
Apprehending arrest after police summoned him for questioning in connection with the suicide by his supermodel girlfriend Viveka Babajee, stock broker Gautam Vora on Monday moved a Mumbai court seeking anticipatory bail.
New York's financial district has changed a lot since 1900.
Union Finance Minister P Chidambaram, during his two-day visit to Mumbai will interact with brokers, bankers, investors and industrialists. The finance minister arrives in the city on Wednesday afternoon.
Eight per cent felt that the markets should be extended in both the morning as well as the evening sessions.
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