Sebi has directed the NSE to divest its entire holding in CAMS. Once that happens, it remains to be seen if CAMS would later opt to list on the bigger exchange
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
Experts say recovery will be faster than that after the 2008 Lehman crisis
The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.
The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing
Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default
Last month, Sebi had directed the bourse to divest its entire stake in the registrar and transfer agent (RTA) within a year
Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission
The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering (IPO) by September
The Indian stock market continues to be upbeat about the country's growth prospects, despite deceleration in GDP growth for the sixth consecutive quarter, the Economic Survey 2019-2020 said, adding that the BSE Sensex has increased 7 per cent till December 2019 over March. "This may also reflect the growing perception of India becoming an attractive destination for investment in the backdrop of a decline in the growth of major economies of the world and continued easing of monetary policy by the US Fed," it said on Friday. "Despite the deceleration in GDP growth for the sixth consecutive quarter, the stock market continues to be upbeat about the country's growth prospects," the Survey said. The net FDI and net Foreign Portfolio Investment (FPI) in first eight months of 2019-20 stood at USD 24.4 billion and USD 12.6 billion respectively, more than the inflows received in the corresponding period of 2018-19, it added. Benchmark indices Nifty50 and S&P BSE Sensex reached record highs
Over the last five years, NSE said its cash equities segment has grown by more than 90 per cent from a daily average turnover of about Rs 17,572 crore in 2014-15 to about Rs 34,264 crore in 2018-19
Last month, capital market regulator Sebi had banned the brokerage firm from taking new clients and executing trades for misusing clients' funds.
Companies, NBFCs, other entities with a networth of at least Rs 100 crore and any other other security specifically allowed by Reserve Bank of India (RBI) are eligible to list commercial papers.
The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs.
Interest rate options are financial derivative contract whose values are based on rupee interest rates.
Move could be a precursor for including Nestle in Nifty
Securities Appellate Tribunal asked the NSE to transfer the $90 million to an account managed by the SEBI, where it will remain untouched until the outcome of the case.
The NSE is trying to stop SGX from launching derivatives that could replace the Nifty 50 contracts that have traded in the city-state for 18 years.
NSE's request comes as domestic stock-derivatives volume has slipped, said the people, who asked not to be named because the talks are private