Page 3 - Bse

BSE Q3 net profit drops 16% to Rs 51.6 cr; revenue from operations up 6%

Leading stock exchange BSE on Tuesday reported a 16 per cent decline in net profit to Rs 51.6 crore in three months ended December 2022. In comparison, the exchange had posted a net profit of Rs 61.3 crore in the year-ago period, BSE said in a statement. However, the bourse's revenue from operations grew 6 per cent to Rs 204 crore in the quarter under review from Rs 192.8 crore in the October-December quarter of the preceding fiscal 2021-22. "Overall, BSE reported a sustained third quarter result amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher," Sundararaman Ramamurthy, MD and CEO of BSE, said. In addition, the board of BSE has approved the divestment of 2.5 per cent stake of BSE in Central Depositary Services Ltd (CDSL) towards meeting regulatory norms. The exchange's mutual distribution platform, BSE StAR MF,

Stock Exchanges BSE, NSE lower circuit limits on Adani group stocks

Through circuit filters, stock exchanges limit the daily fluctuations in a stock to stop unduly fall or rise in prices

Kishore Biyani resigns as executive chairman and director of Future Retail

Biyani's resignation was also received by the resolution professional on January 24

If you have only one exchange, you have a problem: BSE chief Ramamurthy

New BSE chief bats for competition, at least a duopoly in equity market space

HDFC to raise at least Rs 3000 cr via bonds; may invite bids next week

India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday

Markets climb for 2nd day as HDFC twins maintain momentum

Equity benchmarks extended their rally for the second straight session on Wednesday amid buying in index heavyweights HDFC twins and fresh foreign funds inflows.

From Paytm to Zomato, start-ups see fresh round of selling; stock falls

Market players said the selling could be because of fears around further sell-downs by existing investors

Equity benchmarks defy global cues, finish nearly 1% in the green

The 30-share BSE Sensex rallied 562.75 points or 0.94 per cent to settle at 60,655.72

Street signs: Nifty's 20-DEMA, capital goods stocks gain, and more

Currently, the Nifty's 20-DEMA is around 18,080. If the index manages to surpass this key hurdle, it may see further upward movement, observe analysts

'Vanishing act' by more than two dozen listed cos; BSE reaches out to firms

Companies had been non-compliant with listing requirements

BSE signs MoU with Goa govt to promote development of SMEs

Leading stock exchange BSE on Friday said it has joined hands with the government of Goa for the development of SMEs (Small Medium Enterprises) in the state. With the association of Goa government, the exchange will look at creating awareness amongst SMEs in the state on the benefits of listing on the exchange. BSE will also guide them on the efficient ways of raising capital through equity infusion. In this regard, BSE has signed a Memorandum of Understanding (MoU) with the government of Goa, the exchange said in a statement. Besides, the exchange will also provide training and capacity-building support to District Industries Centre officials and facilitates SMEs with respect to registration/listing on the platform. "This association with the government of Goa will play a significant role in opening a plethora of opportunities for small-medium enterprises," Sundararaman Ramamurthy, Managing Director and Chief Executive Officer of BSE, said. BSE is the largest SME Exchange in Indi

Sundararaman Ramamurthy takes charge as managing director, CEO of BSE

Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of leading stock exchange BSE. In a regulatory filing last year, BSE said that markets regulator Sebi has approved the appointment of Ramamurthy as its Managing Director & Chief Executive Officer. "Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of BSE," the exchange said in a release on Wednesday. The appointment is subject to acceptance of the offer made to Ramamurthy and fulfillment of terms and conditions, it added. The appointment comes after BSE's erstwhile MD & CEO Ashishkumar Chauhan resigned from the bourse in July 2022 and moved to NSE. Ramamurthy has previously served as the senior member of the National Stock Exchange (NSE) since its inception. However, after serving this role, he took up the position of MD and Chief Operating Officer at the Indian arm of Bank of America. He has also worked at the Industrial Development Bank of ...

Street signs: Mkts see Santa's smile, hotel stocks to gain further, & more

After closing three weeks with losses, the benchmark indices ended the last week of 2022 with gains

After a positive year, Sensex witnesses worst December in 10 years

The Sensex declined 3.5 per cent in December - its worst last-month returns since 2011

Stock markets maintain winning streak for seventh consecutive year

Outperform most global peers even as returns moderate to just over 4% in 2022

With NSE for years, Ramamurthy now set to take over as BSE chief on Jan 4

He is among the early architects of NSE, handling various positions from 1995 to 2014; Till recently, he was Chief Operating Officer-India at Bank of America

Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points

The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent

BSE adds 10 million investors in 148 days to reach 120 million-mark

Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors' accounts between July 18 and December 13, BSE said in a statement. In comparison, the exchange took 124, 91, 85 and 107 days for the previous milestones of 11 crore, 10 crore, 9 crore and 8 crore, respectively. "BSE crossed the milestone of 12 crore registered users based on Unique Client Code (UCC) on December 13, 2022," the exchange said. Of the 12 crore users, 42 per cent fall in the 30 to 40 age brackets, followed by 23 per cent in 20-30 years and 11 per cent in the 40-50 age bracket. In terms of states, Maharashtra leads in terms of investors with a share of 20 per cent of the total 12 crore investors. This was followed by Gujarat at 10 per cent, Uttar Pradesh at 9 per cent and Rajasthan and Tamil Nadu at 6 per cent each. The exchange did not specify how many of these ..

What to expect from Indian equity markets in 2023 as performance cools

While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia

Growth triggers to keep earnings trajectory robust for Timken India

New plant expected to boost company's revenues, margins