You are here: Home >> English News & Features >> BUSINESS & ECONOMY

High-frequency misadventure

DNMUM436266 | 5/13/2019 | Author : Soumonty Kanungo | WC :1483

  • Packaged Content
  • High-frequency misadventure

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.

National Stock Exchange was fined an unprecedented Rs 624 crore by the Securities and Exchange Board of India in the co-location case for giving preferential access to certain brokers. While the capital markets regulator did not find the leading bourse of the country guilty of any fraud, the order is a warning to market players that such lapses will not be tolerated
It took almost five years for the market regulator, the Securities and Exchange Board of India (Sebi), to bring a conclusion the in infamous co-location case of National Stock Exchange (NSE), with the final judgement passed on April 30, 2019, in voluminous five series orders.
Interestingly, after multiple years of investigations and a number of forensic audits, the regulator could not find NSE guilty of any fraudulent activities or unfair trade practices, though a penalty of around Rs 1,100 crore, including interests for five years, has been imposed on the exchange.
In Sebi’s own words, “In the absence of any evidence leading to the culpability of any specific employee of NSE or the collusion or connivance from the side of NSE wi
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


IT stocks likely to be in focus today
DNMUM441701 | 8/23/2019 12:00:00 AM | Author : Siddharth Sedani | WC :252

Bull market or bear market today?Considering the current trend, we can expect the market to be trading on a negative note today. However, a short covering in the second half of the day cannot be ruled out. The next support for Nifty will be at 105

Add To LightboxCalculate Price

Rupee crashes to eight-month low of 71.81/$
DNMUM441702 | 8/23/2019 12:00:00 AM | Author : DNA Correspondent | WC :160

Mumbai: The rupee on Thursday plunged 26 paise to an over eight-month low of 71.81 against the US dollar as falling stocks and foreign fund outflows hit sentiment.
The fall was also precipitated by the volatility in the emerging market currencie
Add To LightboxCalculate Price

CEA rules out fiscal boost for key sectors
DNMUM441703 | 8/23/2019 12:00:00 AM | Author : DNA Correspondent | WC :178

New Delhi: Chief economic adviser KV Surbramanian on Thursday indicated that the government may not come out with any major fiscal stimulus package as demanded by the industry to deal with the slowdown in key sectors of the economy.
Speaking at a
Add To LightboxCalculate Price

Auditors to now ascertain compliance of CSR spends
DNMUM441704 | 8/23/2019 12:00:00 AM | Author : Anjul Tomar | WC :537

Auditors may soon have to verify whether the company has spent a minimum of 2% of its average net profits towards Corporate Social Responsibility (CSR) in a financial year. The Ministry of Corporate Affairs (MCA) is working on a proposal to make t

Add To LightboxCalculate Price