Sebi chief has assured no repeat of NSE glitch in future: FM Nirmala Sitharaman

Mumbai: Finance Minister Nirmala Sitharaman said on Friday that Sebi chairman Ajay Tyagi has assured that the technical glitch at NSE on February 24, that resulted in trading shutting down for over four hours, will not be repeated. “The Sebi chief has assured me that he is making sure that such a thing never gets […]

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‘This is not done.’ Fear & loathing after tech glitch shuts down NSE

MUMBAI: A small-time broker-trader in Mumbai’s Santa Cruz area felt his heart sinking, when the short hand of the clock approached 3 pm and there was no update from the country’s largest stock bourse, National Stock Exchange, if trading will resume before the official 3:30 pm closing bell. Just before 12 pm on Wednesday, tickers […]

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Axis Bank, promoter United India Insurance settle non-disclosure case with Sebi

Mumbai: has paid Rs 41.4 lakh to Sebi to settle its case of non-disclosure of information relating to offloading of the bank’s shares by its promoter United India Insurance Company(UIIC). The non-life insurer also paid Rs 10.1 lakh to the regulator to settle the same case. Sebi said it noted in the investigation that during […]

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