Bourses News

According to Sebi, holding disclosures of promoter and promoter group, public shareholder and others must be accompanied with PAN number (first holder in case of joint holding).

There is also a proposal to align equity market timings with that of commodity derivatives which are traded till late evening hours though exact trade hours are different for different commodities.

Drug firm Panacea Biotec Wednesday said its promoters have entered into a family agreement under which they plan to demerge the company's real estate business into a separate firm to be later listed on bourses.

As a multi-agency probe continues to check the black money menace, regulator Sebi will update its board next month on actions being taken against suspected shell companies -- listed as well as unlisted ones -- abetting alleged routing of illicit funds through stock markets.

The ministry is implementing the Companies Act and firms are required to be registered under this law.

BSE and NSE said they reserve rights to raise objections at any stage if the information submitted to them is found to be incomplete, incorrect, misleading, false or for any contravention of rules and regulations.

The move comes in the wake of a technical glitch at country's largest stock exchange NSE, which led to halting of trading activities for over three hours on July 10.

Key Indian equity markets were on Friday suppressed by profit booking, a weak rupee and lower crude prices.

Building on gains for the fourth straight session, the benchmark Sensex gained about 51 points to 27,866 today on sustained buying by participants, tracking positive Asian indices. 

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

After two months of intense buying, foreign investors turned net sellers of Indian equities in the first week of May, pulling out about Rs 774 crore on global growth worries.

Equities are expected to trade within a range, but volatility will remain high in a holiday- shortened week ahead and investors would track global trends and foreign fund inflows amid lack of domestic cues

To ensure resolution of grievances in a stipulated time-frame, Sebi has decided to complete within two years all its enforcement actions -- starting from launch of probe to the passing of final order

Leading stock exchanges BSE and NSE have revised price bands for several companies, including InterGlobe Aviation Ltd which operates India's largest airline IndiGo

Leading stock exchanges BSE and NSE will introduce new interest rate futures (IRF) contracts on Friday based on the government bonds maturing in 2023 and 2029.

The Securities and Exchange Board of India (Sebi) has come out with the new guidelines after taking into account the recommendations of its technical advisory committee.  

Leading stock exchanges BSE and NSE will shift stocks of 35 firms including Arvind Remedies and Plethico Pharmaceuticals to the restricted trading category for not complying with listing agreement rules, from September 28.  

After a fresh Sebi order in Satyam case, stock exchanges BSE and NSE have asked trading members to ensure that eight entities including family members of the company's founder B Ramalinga Raju are not allowed to trade in the securities markets for seven years.

BSE has decided to shift 29 firms including 3i Infotech and CIL Nova Petrochemicals to the restricted trading segment from next week to ensure safety in capital markets and safeguard the interest of investors.

With the formation of a new government last year, the markets have seen a handsome rally, and consequently, the attrition level on a voluntary basis has considerably gone up to 12-15 per cent, experts said.