National Stock Exchange, Bombay Stock Exchange Approve HDFC-Bank Merger Proposal
The National Stock Exchange and Bombay Stock Exchange have authorized the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion. According to the terms of the agreement, HDFC Ltd owners would get 42 HDFC Bank shares for every 25 HDFC Ltd shares owned. Existing HDFC Ltd. stockholders will hold 41% of HDFC Bank.
Tags: HDFC, merger agreement, HDFC BANK, NATIONAL STOCK EXCHANGE, Bombay stock exchange
Courtesy: ANI
CBI Arrests Ex-NSE CEO Chitra Ramkrishna, Investigation Underway
The CBI arrested the National Stock Exchange EX-CEO Chitra Ramkrishna, alleged for unfair practices and registered a case. On March 6, she was arrested from New Delhi residence, after a Delhi court rejected her anticipatory bail. Meanwhile, Ramkrishna had been accused of sharing confidential information about NSE to a "yogi who lives in the Himalayas". The yogi is suspected to be former NSE employee Anand Subramaniam, arrested earlier by CBI… read-more
Tags: CBI, NATIONAL STOCK EXCHANGE, Chitra Ramkrishna, New Delhi, arrested
Courtesy: India Today
Ex NSE MD Chitra Ramakrishna Questioned By CBI Over NSE Controversy
The CBI issued look out notice to Chitra Ramakrishna, ex chairman of National Stock Exchange (NSE), on February 18. Later, she was questioned by CBI over allegations of sharing internal information of NSE with her spiritual guru, with whom she is traveling to Himalayas. The investigation came after the recent SEBI orders alleging government lapses in the appointment of Anand Subramanian as the chief strategic advisor of the NSE.
Tags: SEBI, Chitra Ramakrishna, NATIONAL STOCK EXCHANGE, Mumbai, CBI
Courtesy: Live Mint
National Stock Exchange Terminates Membership Of Karvy Stock Broking
The National Stock Exchange (NSE) on November 23 terminated the membership of Karvy Stock Broking after declaring them as defaulter. The NSE took this decision after Karvy was found flouting the regulator's guidelines. Earlier, in 2019, Securities and Exchange Board of India (SEBI) had found Karvy misappropriating amounts up to Rs 2,000 crore by misusing 'Power of Attorney' of clients and transferring clients' securities in the company's… read-more
Tags: business, NATIONAL STOCK EXCHANGE, India
Courtesy: Business Standard
Indian Rupee Falls 21 Paise Against US Dollar
The Indian Rupee skids to 21 paise on August 20 to settle at 75.03 against the US Dollar. For the intra-day trading, Rupee value ranged from high of 74.93 to low 75.05. The Rupee has recovered by 2.44% against the US dollar since it hit an all-time low of 76.91 in the month of April. The domestic forex market, currently, operates from 10am to 2pm owing to the pandemic.
Tags: business, Stock market, FOREIGN DIRECT INVESTMENT, NATIONAL STOCK EXCHANGE, BSE SENSEX
Courtesy: NDTV