Two telecom lines fail to protect world’s top derivative bourse

By Nupur Acharya and Siddhartha Singh Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments. The incident prompted the markets regulator to ask […]

Continue Reading

When tech glitch made brokers revolt, seek more trading time

MUMBAI: A telecoms outage shut all trading on India’s National Stock Exchange for nearly four hours on Wednesday, leaving investors in the dark ahead of a monthly derivative contract expiry and forcing bourses to extend trading hours after it reopened. The NSE, headquartered in India’s financial capital Mumbai, is the world’s largest derivatives bourse by […]

Continue Reading

Adar Poonawalla group firm makes open offer to buy additional stake in Magma Fincorp

NEW DELHI: Adar Poonawalla-controlled Rising Sun Holdings Pvt Ltd along with two other individuals have made an open offer to buy an additional 26 per cent stake in non-banking financial company Magma Fincorp for a consideration of more than Rs 1,391 crore. Earlier this month, the Poonawalla Group and Magma Fincorp announced that the group […]

Continue Reading

Zee Entertainment Enterprises Ltd. share price down 0.66 per cent

Shares of Enterprises Ltd. traded 0.66 per cent up at Rs 211.1 at around 01:14PM (IST) on Monday. The stock had closed at Rs 212.5 in the previous session. Equity benchmark Sensex traded 603.82 points higher at 52148.12 around the same time. The scrip has declined 11.56 per cent in the last one year till […]

Continue Reading