Why NSE’s IPO plans may not be derailed despite unfair access for brokers
8 years, 3 months ago

Why NSE’s IPO plans may not be derailed despite unfair access for brokers

Live Mint  

Mumbai: The disclosure by the National Stock Exchange that some high-frequency trading brokers may have been provided unfair access to its servers is unlikely to derail the Indian bourse operator’s IPO plans, a senior regulatory source and investors said on Thursday. In its draft initial public offering prospectus, India’s biggest exchange said an external panel had found potential instances of some traders having preferential access to its network through co-location facilities— where private servers are placed at exchanges to speed up algorithmic trading. The Securities Exchange Board of India, or Sebi, is studying the potential violations, but an official at the capital market regulator said, for now, it would be hard to justify steep penalties against the NSE. An NSE spokesman said the disclosure in the IPO prospectus pertained to “legacy issues”, adding the exchange operator had submitted the full report to the Sebi.

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History of this topic

Will NSE Finally Be Able To Go Public? Exchange Approaches SEBI Again For IPO Clearance, Says Report
1 day, 10 hours ago

Will NSE Finally Be Able To Go Public? Exchange Approaches SEBI Again For IPO Clearance, Says Report

ABP News  

The National Stock Exchange has again approached the Securities and Exchange Board of India, in hopes of getting approval for its long-awaited initial public offering. Citing sources in the know, Moneycontrol reported that the NSE submitted a formal request with the regulator on March 28, reaffirming its intent to address regulatory concerns that have hindered its listing process for over …

NSE shrinks monthslong share transfer process to days ahead of a likely IPO
1 week, 1 day ago

NSE shrinks monthslong share transfer process to days ahead of a likely IPO

Live Mint  

Mumbai: In a significant step towards the potential listing of India’s largest bourse, the National Stock Exchange of India Ltd will lift a key hurdle that stood in the way of faster transfers of its shares. The stock exchange has informed its shareholders that the existing process for transferring its shares will be lifted on Monday, implying that NSE shares …

NSE vs BSE: How Sebi’s curbs are reshaping India’s options market
2 weeks, 6 days ago

NSE vs BSE: How Sebi’s curbs are reshaping India’s options market

Live Mint  

The Securities and Exchange Board of India introduced curbs on options trading with the aim of cooling down market frenzy on expiry day. To curb excessive retail participation in options trading on expiry days, the Sebi introduced six regulatory measures starting October 1 last year. Among these, three key changes impacted trading volumes: restricting weekly contract expiries to just one …

These 6 mainboard IPOs of 2024 are now trading over 40% below their issue prices
1 month, 1 week ago

These 6 mainboard IPOs of 2024 are now trading over 40% below their issue prices

Live Mint  

The IPO market is facing headwinds amid turbulence in the secondary market, with nearly half of the newly-listed companies of 2024 now trading below their issue prices. Baazar Style Baazar Style shares are trading at ₹225.05, down 42 per cent from their IPO price of ₹389. Carraro India Carraro India’s stock is trading at ₹355.10, marking a sharp 49.5 per …

NSDL targets ₹3,000-crore IPO launch by next month: Report
1 month, 1 week ago

NSDL targets ₹3,000-crore IPO launch by next month: Report

Live Mint  

Upcoming IPO: Depository firm National Securities Depository Ltd is targeting to launch its much awaited ₹3,000-crore initial public offering by next month. A senior NSDL official told news agency PTI on Thursday, February 20, that as a market infrastructure institution, NSDL also needs other approvals apart from the existing draft red herring prospectus, the official said, adding that it is …

NSE Clearing fails to meet Sebi-mandated liquidity norms, flags BSE unpaid dues of over ₹312 crore
1 month, 3 weeks ago

NSE Clearing fails to meet Sebi-mandated liquidity norms, flags BSE unpaid dues of over ₹312 crore

Live Mint  

New Delhi, Feb 5 - NSE Clearing Ltd, the clearing house of the National Stock Exchange, has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall. In its December 2024 quarterly results, NSE Clearing, the exchange's unit responsible for clearing and settling its …

Indian market regulator Sebi issues new algo trading rules, here’s why it’s significant – Firstpost
1 month, 3 weeks ago

Indian market regulator Sebi issues new algo trading rules, here’s why it’s significant – Firstpost

Firstpost  

The Securities and Exchange Board of India, by announcing the move, aims to cater to increased demand from retail investors for algorithm trading. The agency had earlier raised concerns over emergence of unregistered algo marketplaces The new guidelines require stockbrokers, exchanges, and algorithmic trading providers to put in place stricter risk management measures. Reuters Indian market regulator, the Securities and …

SAT upholds Sebi’s order halting trading of Trafiksol ITS Technologies
2 months ago

SAT upholds Sebi’s order halting trading of Trafiksol ITS Technologies

Live Mint  

The Securities Appellate Tribunal has upheld the Securities and Exchange Board of India’s decision, ordering Trafiksol ITS Technologies Ltd to refund ₹45 crore to investors and halt its share listing. This ruling follows Sebi’s 3 December order, which found the company in violation of multiple regulations related to its SME initial public offering. The decision comes after Sebi’s investigation uncovered …

SEBI plans new measures for IPO trading amid surge in first-time share sales
2 months, 1 week ago

SEBI plans new measures for IPO trading amid surge in first-time share sales

Hindustan Times  

India’s securities market regulator is considering steps to formalize trading in initial public offerings where bidding has closed, but the shares are yet to be listed. Madhabi Puri Buch, the chairwoman of the Securities and Exchange Board of India, stated that investors who get allocations may be permitted to exchange their right to those shares before the listing. The Securities …

Sebi looks to allow trading in IPO shares ahead of listing to curb grey market activity: Buch
2 months, 1 week ago

Sebi looks to allow trading in IPO shares ahead of listing to curb grey market activity: Buch

Live Mint  

To curb grey market activity, the Securities and Exchange Board of India is considering introducing a “when-listed” trading period for securities between the closure of an initial public offering and their formal listing on exchanges. “Sebi believes that if investors wish to engage in such trades, they should have the opportunity to do so in a regulated manner,” Buch said, …

Explained: Why Ola Electric share price fell over 5% today
2 months, 3 weeks ago

Explained: Why Ola Electric share price fell over 5% today

India Today  

Shares of Ola Electric Mobility Ltd declined over 5% during Wednesday’s trading session after the company received an administrative warning from the Securities and Exchange Board of India for non-compliance with disclosure norms. The market regulator took issue with a material announcement made by Ola Electric’s promoter and Chairman-cum-Managing Director Bhavish Aggarwal on X at 9:58 am on December 2, …

NSE achieves 268 successful IPOs in 2024, highest number in Asia
2 months, 3 weeks ago

NSE achieves 268 successful IPOs in 2024, highest number in Asia

Live Mint  

The National Stock Exchange announced on Friday that it set a record for the highest number of IPOs in Asia and the largest equity capital raised globally in the primary market during the calendar year 2024. This represents the highest number of IPOs in a single calendar year, reflecting growing investor confidence in India’s capital markets. India led the chart …

Unlisted securities: The high-stakes gamble luring India’s retail investors
3 months ago

Unlisted securities: The high-stakes gamble luring India’s retail investors

Live Mint  

Lured by the promise of outsized returns, early access to high-growth companies, and lower fees, retail investors are venturing into the unregulated and risky world of unlisted securities. What the platforms say Platforms play a pivotal role in the unlisted securities market, acting as intermediaries that provide liquidity to early investors or Esop holders in companies gearing up for public …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
3 months ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
3 months, 1 week ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation
Trending News
3 months, 1 week ago

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation

Live Mint  

The market regulator has suspended trading in Bharat Global Developers Ltd’s shares until further notice over allegations of fraudulent activities and false disclosures in a rare such action. "The shocking falsities presented by BGDL as legally required disclosures to the exchange expose a clear fraudulent scheme," said Sebi's order, authored by whole-time member Ashwani Bhatia. Regulator's scrutiny Citing Sebi's proactive …

NACDAC Infra IPO: This SME issue garners over ₹14,000 crore bids for ₹7 crore offer; here’s what GMP signals
3 months, 1 week ago

NACDAC Infra IPO: This SME issue garners over ₹14,000 crore bids for ₹7 crore offer; here’s what GMP signals

Live Mint  

NACDAC Infrastructure IPO: The recent SME IPO of NACDAC Infrastructure has drawn significant attention, becoming one of the highest-subscribed issues in the SME segment. Today's grey market premium for NACDAC Infrastructure IPO is ₹32 per share, as per the market observers, suggesting that the shares are likely to list at ₹67, a 90 per cent premium over the issue price …

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting
3 months, 1 week ago

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting

Live Mint  

The Securities and Exchange Board of India may approve proposals that will affect small and medium enterprises, angel funds, and the broader securities market through IPO regulations, insider trading rules, and compliance for registered entities during its board meeting on 18 December. Changes to insider trading rules The board is also expected to expand the definition of unpublished price-sensitive information …

Sebi board likely to tighten SME listing norms
3 months, 1 week ago

Sebi board likely to tighten SME listing norms

New Indian Express  

Late October the Sebi said it would come out with a discussion paper aimed at finalising some measurers to tighten the regulatory framework for SME IPOs. In a stern action on December 3, the Sebi cancelled the issue by Trafiksol ITS Tech and ordered the company to refund the Rs 45 crore collected through the issue to investors within a …

From light regulation to accountability: How Sebi is rethinking SME IPO rules
3 months, 4 weeks ago

From light regulation to accountability: How Sebi is rethinking SME IPO rules

Live Mint  

Markets regulator Securities and Exchange Board of India has recently identified several concerns plaguing the SME space such as misuse of IPO proceeds, fund diversion, promoter exits and market misconduct. Sebi’s well-thought-out light regulatory framework was introduced in 2012 to boost SME listings aimed at contributing to economic growth. To address these challenges, Sebi now proposes to tighten the framework …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
4 months ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

BSE, NSE to be alternative trading venues to each other in case of outages: SEBI
4 months ago

BSE, NSE to be alternative trading venues to each other in case of outages: SEBI

Hindustan Times  

The Bombay Stock Exchange and the National Stock Exchange will act as alternative trading venues to each other from April 1, 2025, in case of outages, the Securities and Exchange Board of India announced in a circular on Thursday. The Bombay Stock Exchange and the National Stock Exchange will act as alternative trading venues to each other from April 1, …

Sagility IPO: Listing date on November 12, issue booked 3.20x led by retail investors. Check GMP, subscription status
4 months, 2 weeks ago

Sagility IPO: Listing date on November 12, issue booked 3.20x led by retail investors. Check GMP, subscription status

Live Mint  

Sagility IPO: Sagility India's public issue was oversubscribed 3.2 times on the final day. Sagility IPO Subscription Status The initial public offer of Sagility IPO has been subscribed 3.20 times on the last day of subscription today, as per BSE data. Sagility IPO Details The IPO from the Bengaluru-based company consists solely of an offer for sale of 70.22 crore …

Sagility India IPO day 2: GMP, subscription status, review, other details. Apply or not?
4 months, 3 weeks ago

Sagility India IPO day 2: GMP, subscription status, review, other details. Apply or not?

Live Mint  

Sagility India IPO: The initial public offering of Sagility India Limited hit the Indian primary market on 5th November 2024. Sagility India IPO details 1] Sagility India IPO GMP: According to stock market observers, the company's shares are trading at a premium of ₹3 in the grey market today. 2] Sagility India IPO price: The healthcare solution provider company has …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
4 months, 3 weeks ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

SEBI Releases Master Circular On Surveillance of Securities Market
8 months, 2 weeks ago

SEBI Releases Master Circular On Surveillance of Securities Market

Live Law  

The Securities and Exchange Board of India has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade segment. The circular stated that such misinformation, often disseminated …

The Role Of The Best Trading Platforms In Navigating Upcoming IPOs In India
8 months, 3 weeks ago

The Role Of The Best Trading Platforms In Navigating Upcoming IPOs In India

ABP News  

The Indian IPO market is overheating as firms are back seeking to raise money through public tapping for the first time after years of silence. Although upcoming initial public offers offer opportunities for investors While upcoming IPOs provide opportunities for investors, there are following significant risks and challenges to consider when investing in upcoming IPO in India: Market Volatility If …

Sebi chief Madhabi Buch urges industry to report market misconduct
8 months, 3 weeks ago

Sebi chief Madhabi Buch urges industry to report market misconduct

Live Mint  

In a call to action, market regulator Securities and Exchange Board of India has urged industry stakeholders to proactively report any malpractices within their sectors. This, Sebi chairperson Madhabi Puri Buch emphasized, is crucial to maintaining investor trust—a cornerstone for a growing market. Amid this surge, Sebi has implemented stricter measures to ensure market integrity, including stringent instructions to regulated …

Internet-based Trading: Sebi Reduces Approval Time To 7 Days For Brokers
10 months ago

Internet-based Trading: Sebi Reduces Approval Time To 7 Days For Brokers

News 18  

Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. Under the rule, the broker is required to apply to the respective stock exchange for formal permission to provide internet-based trading services. Additionally, the regulator has abolished the existing requirement …

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan
11 months, 3 weeks ago

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan

Live Mint  

The National Stock Exchange is ready to begin its initial public offering process but awaits the approval from capital markets regulator Securities and Exchange Board of India, according to chief executive officer Ashishkumar Chauhan. In December 2023, SEBI asked NSE to remain glitch-free for at least a year, enhance its technological infrastructure and corporate governance and resolve pending legal matters. …

Pockets of Froth in Mid, Small Caps that can Build into Bubble Says Sebi Chief
1 year ago

Pockets of Froth in Mid, Small Caps that can Build into Bubble Says Sebi Chief

Deccan Chronicle  

The Securities and Exchange Board of India chairperson Madhabi Puri Buch on Monday raised concerns about potential manipulation in the Initial Public Offerings of Small and Medium Enterprises. I think as a first step we are clear that some more disclosures are needed in terms of the risk factors.” Buch was speaking to women journalists on the back of Women’s …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year, 3 months ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

NSE’s IPO plan stumbles at Sebi’s door over pending legal cases
1 year, 11 months ago

NSE’s IPO plan stumbles at Sebi’s door over pending legal cases

Live Mint  

The National Stock Exchange of India's share listing plan will not be approved by the market watchdog until pending legal and regulatory cases involving the nation's biggest bourse are resolved, two sources familiar with the matter said. The Securities and Exchange Board of India has formed an internal view that due to the pending cases it won't approve NSE's application …

Explained | How is the stock market regulated in India?
2 years, 1 month ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

Elin Electronics IPO: What these three brokerages have to say
2 years, 3 months ago

Elin Electronics IPO: What these three brokerages have to say

Live Mint  

Elin Electronics Ltd, an electronics manufacturing services provider, which filed the draft red herring prospectus with the Securities and Exchange Board of India for its initial public offering in November 2021, opens for subscription from tomorrow and closes on December 22. The public issue with a face value of 5 rupees per equity share comprises a fresh issue worth 175 …

Sebi’s plan to separate brokers from your money
2 years, 3 months ago

Sebi’s plan to separate brokers from your money

Live Mint  

In the third week of October, brokers from across India had gathered at the Taj Lands End hotel in Mumbai for their first mega physical gathering since the onset of the pandemic. If Sebi’s plans go ahead, brokers will only execute buy or sell trades and no money from an investor’s bank account will go into a broker’s account. How …

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms
2 years, 6 months ago

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms

Hindustan Times  

Securities Exchange Board of India chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has no business to suggest pricing of the initial share sale of new-age technology companies. Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the …

India’s NSE Listing Saga: Punish People, Not Institutions
2 years, 7 months ago

India’s NSE Listing Saga: Punish People, Not Institutions

The Quint  

While there are many stories to tell, I will fasten on to a sure-shot winner, a real thoroughbred. Yet, we are keeping its exciting future shackled and imprisoned to a fleeting past, as if three decades of stellar achievements have been totally obliterated by a few years of a few people’s alleged misdemeanours. For the naysayers, let me give just …

Ajay Shah, NSE others to pay ₹11 crore for misuse of exchange data
2 years, 8 months ago

Ajay Shah, NSE others to pay ₹11 crore for misuse of exchange data

Live Mint  

The Securities and Exchange Board of India on Thursday imposed a penalty of ₹11 crores on Ajay Shah, National Stock Exchange, Ravi Narain, Chitra Ramakrishna and four others in a case of misuse of exchange data for commercial gains. As per the Sebi order Ajay Shah, Thomas, and Suprabhat Lala, conspired to satisfy their commercial ambitions by fraudulently exploiting the …

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 9 months ago

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case

News 18  

New Delhi: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The case relates to the alleged differential access given to certain broking firms in the form of ‘dark fibre’ at NSE, to connect across the colocation facilities before other members. “W2W …

NSE co-location scam: CBI launches search operation in multiple cities
2 years, 10 months ago

NSE co-location scam: CBI launches search operation in multiple cities

India TV News  

Highlights CBI launched coordinated search operation at over 10 locations in multiple cities today It was in connection with the NSE co-location scam case, said officials The search operation will cover brokers at over 12 premises in Mumbai, Delhi among other cities NSE co-location scam news updates : The Central Bureau of Investigation launched a coordinated search operation at over …

Delhivery Likely To Launch IPO In Q1 Of Next Fiscal As Market Sentiment Improves, Says Report
2 years, 11 months ago

Delhivery Likely To Launch IPO In Q1 Of Next Fiscal As Market Sentiment Improves, Says Report

ABP News  

New Delhi: Delhivery, Indian logistics firms, may launch its initial public offering in the first quarter of next financial year, quoting some investment bankers, Business Standard has reported. According to the report, one of the bankers have said, “The market has seen an improvement in the past one week amid talks of ceasefire between Russia and Ukraine. If market conditions …

Sebi's New Strict IPO Valuation Scrutiny Jolts Start-Ups Eyeing Listing, Says Report
3 years ago

Sebi's New Strict IPO Valuation Scrutiny Jolts Start-Ups Eyeing Listing, Says Report

ABP News  

New Delhi: The Securities and Exchange Board of India has strengthened scrutiny of IPO-bound companies by questioning how key internal business metrics are used to arrive at valuations. The decision by the Sebi hints at the flop listing of online payments firm Paytm’s $2.5-billion IPO in November last year which sparked criticism of lax oversight of how loss-making firms price …

CMIE's Ajay Shah under CBI scanner in NSE co-location and algo scam
3 years ago

CMIE's Ajay Shah under CBI scanner in NSE co-location and algo scam

Op India  

The Central Bureau of Investigation has examined Ajay Narottam Shah, a close aide of former Finance Minister and Congress leader P Chidambaram in 2018 co-location and algorithm scam. In its investigation, the investigating agency has found the former National Stock Exchange MD and CEO Chitra Ramakrishna had provided confidential data to Ajay Shah and Infotech Financial Services while being fully …

NSE Co-location Scam: CBI Makes 1st Arrest. Know How Chitra Ramakrishna-Himalyan Yogi Controversy Unfolded
3 years, 1 month ago

NSE Co-location Scam: CBI Makes 1st Arrest. Know How Chitra Ramakrishna-Himalyan Yogi Controversy Unfolded

News 18  

The CBI on Friday arrested Anand Subramanian from Chennai in view of fresh facts emerging in the NSE co-location case. The expert committee found that the architecture of NSE with respect to dissemination of tick-by-tick data through Transmission Control Protocol/Internet Protocol was prone to manipulation and market abuse. On April 30, 2019, SEBI came down heavily on NSE for alleged …

CBI arrests ex-NSE GOO over irregularities in National Stock Exchange
3 years, 1 month ago

CBI arrests ex-NSE GOO over irregularities in National Stock Exchange

Deccan Chronicle  

New Delhi: The CBI has arrested former NSE group operating officer Anand Subramanian after expanding its probe into a co-location scam in the exchange following "fresh facts" in a Sebi report that referred to a mysterious yogi guiding the actions of former CEO Chitra Ramkrishna, officials said on Friday. Ramkrishna, who succeeded former CEO Ravi Narain in 2013, had appointed …

CBI arrests alleged 'yogi' Anand Subramanian in NSE scam case
3 years, 1 month ago

CBI arrests alleged 'yogi' Anand Subramanian in NSE scam case

India Today  

The Central Bureau of Investigation has arrested former NSE operating officer Anand Subramanian from Chennai in the National Stock Exchange scam. Anand Subramanian was the Chief Strategic Advisor from April 1, 2013, and was re-designated as Group Operating Officer and advisor to Chitra Ramakrishna when she was managing director and Chief Executive Officer from April 01, 2015, till October 21, …

Some Foreign Shareholders Dumped NSE Shares Just Before SEBI Order on Chitra Ramkrishna
3 years, 1 month ago

Some Foreign Shareholders Dumped NSE Shares Just Before SEBI Order on Chitra Ramkrishna

News 18  

There was a flurry of activity in National Stock Exchange shares in January just before market regulator SEBI issued an order on the stock exchange’s former MD and CEO Chitra Ramkrishna for sharing confidential information with an ‘unknown yogi from the Himalayas.’ This can be seen from the details of the share transfers published on the NSE website. Of the …

Now, Sebi faces CBI, FinMin in NSE case
3 years, 1 month ago

Now, Sebi faces CBI, FinMin in NSE case

Live Mint  

MUMBAI : The Securities and Exchange Board of India’s orders on the co-location scam and hiring irregularities at National Stock Exchange of India Ltd are now being probed by the Union finance ministry and the Central Bureau of Investigation, said two people with direct knowledge of the matter. “The finance ministry has sought a report from the market regulator on …

CBI Questions Former CEO of National Stock Exchange Chitra Ramkrishna
3 years, 1 month ago

CBI Questions Former CEO of National Stock Exchange Chitra Ramkrishna

News 18  

The CBI on Friday questioned former CEO of National Stock Exchange Chitra Ramkrishna in view of fresh facts emerging in connection with its ongoing probe into the alleged abuse of co-location facility in the NSE, officials said. The agency has also opened look out circulars against Ramkrishna, another former CEO Ravi Narain and former COO Anand Subramanian to prevent them …

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