Monday was the first day when the 3.11 billion new shares of HDFC Bank issued to shareholders of erstwhile Housing Development Finance Corp (HDFC) commenced trading
Posts in category Business Standard
SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it (17-07-2023)
Tribunal was comparing latest order with previous one for which it issued directions in Jan; quashes fine imposed by Sebi officer, says same violation cannot suffer two penalties
NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms (17-07-2023)
Brokerage house Angel One Ltd has said National Stock Exchange (NSE) has barred it from onboarding new authorised persons (APs) for six months and imposed a Rs 1.67 crore penalty for flouting norms.
Reacting to this, shares of Angel One plunged more than seven per cent in intra-day trade.
The Member and Core Settlement Guarantee Fund Committee of NSE passed an order on July 14 against the broking company for an alleged failure to monitor the operations of its APs, Angel One said in a regulatory filing to the stock exchanges on Saturday.
By doing so, it allegedly flouted the capital market segment rules and Futures and Options segment norms of the NSE.
As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited “from onboarding new APs for a period of 6 months”.
Authorised person means any — individual, partnership firm OR LLP — who is appointed as such by a stockbroker and who provides access to the trading platfor
NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms (17-07-2023)
Brokerage house Angel One Ltd has said National Stock Exchange (NSE) has barred it from onboarding new authorised persons (APs) for six months and imposed a Rs 1.67 crore penalty for flouting norms.
Reacting to this, shares of Angel One plunged more than seven per cent in intra-day trade.
The Member and Core Settlement Guarantee Fund Committee of NSE passed an order on July 14 against the broking company for an alleged failure to monitor the operations of its APs, Angel One said in a regulatory filing to the stock exchanges on Saturday.
By doing so, it allegedly flouted the capital market segment rules and Futures and Options segment norms of the NSE.
As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited “from onboarding new APs for a period of 6 months”.
Authorised person means any — individual, partnership firm OR LLP — who is appointed as such by a stockbroker and who provides access to the trading platfor
CoinDCX collaborates with Jocata over anti-money laundering processes (17-07-2023)
The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape
Netweb Tech IPO sails through on day 1; here’s what brokerages recommend (17-07-2023)
Netweb Tech IPO: The company has a fixed price band between Rs 475-Rs 500 per share. The issue will close on Wednesday, July 19
Avenue Supermarts dips 4% on disappointing June quarter results (17-07-2023)
The company’s consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.
Gold, silver prices unchanged; yellow metal trading at Rs 60,000 per 10g (17-07-2023)
The price of ten grams of 22-carat gold was at Rs 55,000, the same as Saturday
Test results: More than Rs 1 trillion AUM of debt mutual funds under stress (17-07-2023)
The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk
Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023 (17-07-2023)
Since 2021, the stock price of Lloyds Metals has skyrocketed 5,686 per cent to Rs 582.70 from level of Rs 10.07 at the end of December 2020.