Page 4 - Stock Exchange

Didi shares plunge 20% on plan to delist from New York Stock Exchange

HONG KONG (Reuters) - Just five months after its debut, ride-hailing giant Didi Global said on Friday it would withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO.

Sebi tweaks guidelines for processing of draft schemes filed with exchanges

Sebi on Thursday clarified on guidelines for processing of draft schemes pertaining to mergers and demergers filed by listed companies with the stock exchanges. Under the rule, listed entities desirous of undertaking a scheme of arrangement are required to submit certain documents to the exchanges. Listed entities will be required to submit no objection certificate (NOC) from the lending scheduled commercial banks/financial institutions as well as debenture trustees, Sebi said in circular issued on Thursday. This circular is an addendum to the one issued on Tuesday. On Tuesday, the regulator said that such entities will be required to submit NOC from the lending scheduled commercial banks or financial institutions. Apart from this, the listed entities are required to submit certain documents to the exchange, which includes a valuation report. As per the revised guidelines, this report needs to be accompanied by an undertaking from the listed entity, stating that no material event

Top FPI association welcomes India's new T+1 settlement timelines

Staggered shift leaves more time for market players to evolve solutions to meet shortened T+1 cycle without triggering pre-funding by investors in US and Europe which are 10-15 hours behind India time

Sebi pushes for reforms to quell information asymmetry for small investors

Measures like e-KYC brought in investors even in Covid times

Markets regulator Sebi clears framework for social stock exchange

Markets regulator Sebi on Tuesday decided on a framework for the social stock exchange for fund raising by social enterprises.

Move to contain damage from freak trades takes effect from Monday

Freak trades cause large price swings often because of mistakes in order entry, made worse by the freak trades triggering stop-loss orders

Sebi tweaks liquidity enhancement scheme for stock exchanges

Going ahead, exchanges will have to obtain prior approval of their governing board before launching any scheme

MMTC seeks time till August 31 from exchanges for financial results

MMTC said it has requested stock exchanges to extend time limit up to Aug 31 for holding meeting of audit committee and Board of Directors for consideration and approval of audited financial results

Barbeque Nation, LIC Housing Finance face heat on independent valuation

While the companies are saying they are following Sebi guidelines, the regulator is asking them to follow their own guidelines.

Sebi announces new rules to make bourses pay for technical glitches

Fine kicks in if there is delay in submission or incomplete submission of root cause analysis (RCA) report within 21 days of the incident

BSE SME likely to see more than 60 listing in one year, shows data

These companies will get listed on the exchange's SME platform, Ajay Thakur, head of BSE SME and Startup told PTI

Political, religious firms not allowed on social stock exchange: Sebi panel

Recommends creation of capacity building fund of Rs 100 cr

Cryptocurrency exchange Coinbase Global's value soars past LSE and Nasdaq

At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion

Sebi asks bourses, clearing cos to put in place mechanism to prevent fraud

Sebi on Wednesday asked stock exchanges, clearing corporations and depositories to put in place code of conduct and institutional mechanism

From BSE to Tokyo Stock Exchange, here's a history of trading outages

Often the causes are software glitches, hardware failures and internet connectivity problems

Higher share trading tax clouds outlook for Hong Kong stock exchange

The city's budget deficit is expected to hit a record HK$257.6 billion ($33.2 billion) for 2020/21

US approves NYSE listing plan to cut out Wall Street middlemen

The SEC's approval of the NYSE's listing plan threatens to overhaul the US IPO market

India INX inks pact with Luxembourg Stock Exchange to develop green finance

The pact will provide opportunities for dual listing, enhancing visibility and also increase secondary market trading in green, India INX said in a statement

Exchanges need to ensure complaints are resolved within 15 days: Sebi

Markets regulator Sebi on Friday said stock exchanges will have to ensure that investor grievances are resolved within 15 working days afterreceiving such complaints. The move is aimed at strengthening the investor grievance redressal mechanism, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator also said that Investor Grievance Redressal Committee (IGRC)would not dispose the complaint citing lack of information and complexity of the case. Besides, expenses of IGRC will be borne by the respective stock exchange and no fees would be charged to the complainant, Sebi said. "Stock exchange shall ensure that the investor complaints shall be resolved within 15 working days from the date of receipt of the complaint," Sebi said. Aditional information, if any, required from the complainant, would be sought within seven working days from the date of receipt of the complaint. Further, exchanges will have to maintain a record of all the complaints addressedwi

Govt's social stock exchanges proposal may face disclosure roadblock

An SSE is a platform that allows NGOs and voluntary non-profit organisations to raise capital for social purposes