"Protectionism can have a siren-like appeal," said Dudley, a close ally of Fed Chair Janet Yellen and a key decision-maker on U.S. interest-rate policy.
According to the SEBI circular issued in last week of February, exchanges have also been asked to carry forward over 75 percent of interest income earned on the fund. There will be tax levied on the amount carried-forward.
The future of payments will be like a sci-fi movie where NFC and facial recognition will enable payments. Currency notes will become a thing of the past, branches will become lesser even as robot advisors, virtual assistants and chatbots will be your new banker, wealth advisor and cashier.
The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Jio's entry.
It was spectacular performance by BSE (erstwhile Bombay Stock Exchange) shares on Friday. The stock settled at Rs 1,069.20 on the National Stock Exchange, up 32.65 percent over its issue price of Rs 806.
Asia‘s oldest bourse BSE (Bombay Stock Exchange) listed at a hefty premium to the offer price on Friday. Against the offer of Rs 806, the stock was listed at Rs 1,085 a 35-percent premium. It hit a high of 1,200 in early trade.
Prime Minister Narendra Modi today inaugurated India's first international exchange -- India INX -- at the International Financial Service Centre (IFSC) of GIFT City here, saying it will enable Indian firms to compete on equal footing with offshore firms.
India International Exchange (India INX), arm of leading domestic bourse Bombay Stock Exchange (BSE), is all set to be inaugurated by Prime Minister Narendra Modi today.
The much-awaited public offer of BSE will see sale of 29,955,434 shares by the existing shareholders through the offer for sale (OFS) route. This works out to close to 30 per cent of the total holding.
"The Bank has successfully raised Rs 330 crore of Green Infrastructure Bonds through private placement," Yes Bank said in a BSE filing.
Gujarat Chief Minister Vijay Rupani made the announcement today while taking part in the bell ringing ceremony of BSE at Mumbai, a government release said.
Share trading in India may have been formally recognized in 1875 with the formation of the Native Share and Stock Brokers‘ Association of Bombay (now the Bombay Stock Exchange). But dealing in shares was prevalent as early as 1840, though there were only about half a dozen people who professed to be share brokers.
While this year didn't start well and the first half saw a big dip in imports, the lowest in 6 years on the back of excise duties and protests against that move, the numbers are improving sharply. Up to 70 tons of gold may have been imported in October alone, up from 20 tons in May. Silver sales are up 50 percent over last month.
"The financial statements of the company are prepared as a going concern basis and present a true and fair view of the state of the affairs of the company,â€ Tata Steel said in a letter to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Thursday.
The final phase of Maharashtra government's ambitious Mumbai City Surveillance Project (MCSP), comprising 6,000 CCTV cameras, is complete and will be launched on October 2.
To meet its capital expenditure requirements, NTPC Ltd, invited bids for its series 63 of taxable secured non convertible debentures today on electronic bidding platform of Bombay Stock Exchange, the company said in a statement.
While the draft papers are expected to be filed with markets regulator Sebi over the next few days, Rajnikant Patel, Former MD & CEO tells CNBC-TV18 why he feels it will be a landmark occasion for the exchange and how existing as well as new investors will benefit.
Reacting to the news Nirmal Jain, Chairman of IIFL, said that the non-banking finance arm constitutes 70 percent of the business. "The NBFC is a wholly-owned subsidiary where the focus in on home loans," Jain said, adding that it is also targeting affordable housing.
Asia‘s oldest stock exchange recently announced it will be hitting the primary market with an initial share sale. It has set the date for the public issue in December. Let us take a look at how a few stock exchanges around the world fared after their initial offer.
Kalanithi Maran had demanded that 180 million warrants redeemable as equity shares be transferred to him. The warrants, if converted, would have given Maran and his airline, Kal, a share of 25 percent in SpiceJet.
The troubled company hasn't been reporting financial results for the last two quarters. BSE, however, did say trading won't be suspended if it could comply with regulations by May 20.
Two companies will come out with their initial share sale next week to raise over Rs 13 crore and get listed on small and medium enterprises platform of the stock exchanges.
Sources have indicated that Ashish Kumar Chauhan, Managing Director & Chief Executive Officer of BSE is currently in Korea and will be signing a Memorandum of Understanding with the Korean stock exchange tomorrow.
Mindteck, a global technology company listed on the Bombay Stock Exchange (BSE 517344), today announced that it has established a subsidiary in the ...
Mindteck, a global technology company listed on the Bombay Stock Exchange (BSE 517344), today announced that it has entered into an alliance with ...