India markets regulator is proposing more diversified ownership of equity clearing corporations, which are currently fully owned by the country’s exchanges.
Posts in category Economic Times
J.P. Morgan sees Brent oil price averaging $73 a barrel in 2025 (22-11-2024)
J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a note on Friday.
Sebi clears Roshni Nadar’s family share transfer in HCL Tech, aimed at smooth succession (22-11-2024)
Sebi has granted Roshni Nadar an exemption from making an open offer for her proposed acquisition of shares in HCL Tech’s promoter entities. This move facilitates smoother succession planning within the Nadar family. The transaction is a non-commercial transfer between immediate relatives, exempting it from the open offer requirement.
Exchanges seek clarification on disclosure violations by Adani Group entities (22-11-2024)
Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya’s airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said “there are no allegations made against the company”.
84% of Indian stockbrokers to increase tech spending on AI, algo trading: Report (22-11-2024)
Nearly 84% of Indian stockbrokers plan to increase IT budgets in 2024-25, with a focus on AI, machine learning, and other emerging technologies. This reflects the industry’s growing focus on adopting transformative technologies to enhance efficiency and scalability.
Zomato to replace JSW Steel in BSE Sensex from December 23 (22-11-2024)
Food delivery company Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution which becomes effective from December 23.
Tech view: Nifty rebounds above 23,500 level, 200 DEMA; pullback rally eyes 24k resistance. How to trade on Monday (22-11-2024)
The Nifty gained 375 points over the week to close at 23,907. A smart comeback by the bulls in the second half of this week helped the market recover almost the entire loss registered in the first half.
Sebi proposes engaging independent agency for appointment of key personnel at exchanges, MIIs (22-11-2024)
Sebi has proposed engaging independent external agencies to identify suitable candidates for the appointment of key management personnel at market infrastructure institutions. The NRC will evaluate these recommendations and send them to the governing board and Sebi. The aim is to ensure independence, transparency, and accountability in key managerial appointments. Sebi also proposes a cooling-off period for KMPs and directors to prevent conflicts of interest.
Stock market update: Nifty Realty index 3.17% (22-11-2024)
The Nifty Realty index closed 3.17 per cent at 1006.25.
BSE to introduce F&O contracts in 3 Adani stocks, Paytm, Yes Bank and 38 others (22-11-2024)
India’s oldest stock exchange BSE on Friday announced introduction of futures & options (F&O) contracts of 43 stocks which will be available for trading from December 13.