#NSE Fraud

[trading-trending]

[ajmeraxchange1]

Know the Importance of Depository Participants in a Simplified Way

Have you ever thought about who takes the responsibility of managing your financial assets electronically? Who ensures that all transactions are executed smoothly? The answer is Depository Participant (DP).

Depositary participants are major players in the Indian securities market. They provide a wide range of services to retail and institutional investors. This blog will explain the role and importance of depositary participants in detail.

Meaning of DPs

Before talking about DPs, you should first know what a depository is. A depository is an institution that holds your financial assets such as equities, bonds, mutual funds and other securities. It works like a central bank which is responsible for the exchange and settlement of securities. 

There are two depositories in India - National Securities Depository Limited (NSDL) which works for National Stock Exchange (NSE) and Central Depository Securities Limited (CDSL) which works for the Bombay Stock Exchange (BSE). These institutions are regulated by the Securities and Exchange Board of India (SEBI). However, you cannot open an account directly with these depositories. This is where DPs come into the picture.

DPs are intermediaries between depositories and investors. They are the registered agents of depositaries. You need to open a demat account with a DP to buy and sell securities. Whenever a transaction occurs, the DP debits or credits the demat account. You have to pay charges or fees to the DP for services rendered to you.

Importance of DP

DPs ensure speed and transparency in the securities market. They also eliminate fraud by preventing bad delivery and fake certification issues. The importance of DPs in the securities market can be ascertained from the various functions they perform:

1. Demat Account Opening

DPs provide hassle-free assistance in opening an online demat account for security trading. Depository services providers such as Ajmera x-change even offer a free account opening facility.

2. Dematerialisation and Rematerialisation of Securities

DPs help you with the conversion of physical securities into an electronic form (dematerialisation). You can even request the DPs to convert electronic securities into a physical form (rematerialisation).

3. Trade Settlement

DPs ensure timely receipt and delivery of securities during trade settlement. You don’t have to micromanage the settlement process.

4. Transfer of Securities If you want to sell the securities DPs, do the transfer of ownership to another investor account on your behalf. To read more visit https://www.ajmeraxchange.co.in/blogs/know-the-importance-of-depository-participants-in-a-simplified-way

[vmtrading]

What is Dabba Trading? A Deep Dive into the Risks and Platforms

Dabba trading, also known as "box trading," is a form of informal trading that takes place outside the purview of regulated stock exchanges. This practice involves trading shares off-market, where transactions are manually recorded, often bypassing the standard exchange mechanisms. In dabba trading, intermediaries play a crucial role by acting as brokers who facilitate these trades without regulatory oversight. Due to its nature, dabba trading is inherently risky, offering no legal protection or guarantees to investors.

How Does Dabba Trading Work?

Dabba trading is characterized by its informal and unregulated nature. Here's a basic rundown of how it operates:

Intermediaries: Traders work through intermediaries who provide dabba trading services. These intermediaries act as unofficial brokers, executing trades on behalf of their clients. The trades are recorded manually in a "dabba" or register, hence the name.

Outside of Exchanges: Unlike traditional trading that occurs on regulated platforms like the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE), dabba trading happens off-market. It means the trades do not pass through the regular stock exchanges, making them invisible to regulatory bodies.

Cash Transactions: Dabba trading often involves cash settlements, which means there's a greater risk of discrepancies and fraud. Since there's no official record of the transactions, traders are exposed to financial risks without any legal recourse.

Online Dabba Trading Platforms

With the advent of technology, dabba trading has moved from physical registers to digital platforms. Online dabba trading platforms have emerged, allowing traders to participate in these activities more conveniently. These platforms mimic the traditional dabba trading approach but with digital tools for executing and tracking trades.

Digital Access: Online dabba trading platforms offer easy access to traders, enabling them to participate from anywhere. These platforms typically provide a user-friendly interface to execute trades, track performance, and manage portfolios.

Ease of Use: The digital nature of online dabba trading services makes it easier for traders to engage in speculative trading. However, it's crucial to understand that these platforms still operate outside regulated environments, posing similar risks to traditional dabba trading.

Risks Associated with Dabba Trading

Dabba trading is fraught with several risks due to its unregulated nature:

Lack of Regulation: Since dabba trading operates outside of official exchanges, it is not monitored by regulatory bodies like SEBI (Securities and Exchange Board of India). This lack of oversight makes it easier for fraudulent activities to occur.

No Legal Protection: Investors participating in dabba trading have no legal recourse in case of disputes. This absence of legal protection makes it difficult for traders to recover losses.

Financial Losses: The absence of a regulated framework increases the potential for significant financial losses. Traders may find themselves exposed to high levels of risk without the security of regulated trading environments.

Exploring Safe Alternatives

For those interested in trading, exploring regulated platforms is a safer and more reliable option. There are many online trading platforms that offer regulated, transparent, and secure trading environments. For instance, platforms like VM Trading and V Money provide comprehensive online trading services that comply with regulatory standards. These platforms offer investors the ability to trade in various markets, including stocks, commodities, and more, with the peace of mind that comes from regulatory compliance.

[jjtax]

Unveiling the Ketan Parekh Scandal: A Deep Dive into India’s 2001 Stock Market Crisis

We're back, but today's post is a bit different. We're taking a deep dive into the infamous stock market fraud of early 2001 in India: the Ketan Parekh scandal. This massive financial deception, masterminded by stockbroker Ketan Parekh, caused major upheaval in the financial markets and highlighted critical flaws in regulatory oversight, leaving a lasting impact on India's financial landscape.

How the Scam Was Executed

Ketan Parekh, once a well-regarded stockbroker and trader, orchestrated the scam using a complex scheme to manipulate stock prices and deceive investors. His methods, which initially earned him acclaim, involved:

Circular Trading: Parekh used a tactic known as circular trading, where stocks were repeatedly bought and sold among a limited group of firms and brokers to artificially boost their prices. This created a false sense of high demand, leading to inflated stock prices and luring unsuspecting investors.

Hawala Transactions: To avoid detection, Parekh utilized hawala systems—informal networks for transferring money that bypass traditional banking systems. This allowed him to move large amounts of money without creating a paper trail, complicating efforts to track and investigate his fraudulent activities.

Stock Overvaluation: Parekh’s scam also involved inflating the values of stocks, especially those in which he had substantial interests. By raising these stock prices artificially, he was able to sell them at much higher rates, profiting greatly at the expense of genuine investors.

The Collapse of the Scam

The scheme began to collapse in early 2001 as the stock market experienced an abrupt downturn. Investigations revealed significant anomalies and irregularities linked to Parekh’s manipulation:

Unusual Trading Activity: Analysts and market observers detected trading patterns and price shifts that diverged significantly from the economic realities of the companies involved. This triggered an investigation by regulatory authorities.

Regulatory Response: The Securities and Exchange Board of India (SEBI) played a crucial role in exposing the scam. SEBI's probe uncovered Parekh’s use of circular trading and other deceitful practices, leading to a broader investigation into his and his associates' activities.

Financial Consequences: The immediate fallout included a sharp decline in stock market indices, causing substantial financial losses for investors. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) saw significant drops, reflecting a loss of market confidence.

Quantitative Data and Repercussions

The financial repercussions of the Ketan Parekh scandal were severe. Key figures include:

Market Capitalization Decline: The Indian stock market’s market capitalization fell by over ₹10,000 crore (about $2.5 billion) due to the scam. This drop resulted from the sudden erosion of investor trust and a subsequent mass sell-off.

Stock Price Manipulation: Parekh manipulated over 30 companies, with some stock prices skyrocketing by up to 400% in a brief period. For instance, the price of a stock from one of Parekh’s favored companies surged from ₹25 to ₹125 before plummeting back down.

Legal and Regulatory Expenses: Addressing the scandal incurred significant legal and regulatory costs. SEBI and other authorities invested considerable resources in investigating the fraud and enforcing corrective measures. Several brokers and market participants faced fines and legal repercussions.

Impact and Reforms

The Ketan Parekh scandal had far-reaching effects on India's financial sector. In response, several reforms were implemented to enhance market transparency and regulatory oversight:

Regulatory Strengthening: SEBI enacted stricter rules to curb market manipulation and improve transparency. This included tougher disclosure requirements for companies and more stringent trading regulations.

Enhanced Surveillance: Indian stock exchanges upgraded their surveillance systems to better detect and prevent fraudulent trading activities, incorporating advanced monitoring technologies and data analysis.

Legal Outcomes: Ketan Parekh faced legal consequences and was ultimately convicted for his role in the scam. He received a prison sentence and fines, serving as a warning against future financial misconduct.

The Ketan Parekh stock market scandal of 2001 remains a landmark event in India's financial history. Through circular trading, hawala transactions, and stock overvaluation, Parekh executed a scheme that not only misled investors but also exposed vulnerabilities in the financial system. The aftermath led to significant reforms and regulatory changes aimed at preventing such incidents in the future. As both investors and regulators continue to navigate the complexities of financial markets, the lessons from the Ketan Parekh scandal emphasize the need for vigilance, transparency, and robust oversight to maintain market integrity.

JJ Tax

[dabbatradingapp]

Is Dabba Trading the Future of Investing? Here’s the Scoop

Investing has evolved significantly over the years, with new methods and technologies reshaping the landscape. One intriguing development that has garnered attention is Dabba trading. But what exactly is Dabba trading, and could it be the future of investing? Here’s everything you need to know about this unconventional trading method.

What is Dabba Trading?

Dabba trading is an informal and off-the-record trading method, primarily prevalent in India. It involves trading in the stock market without going through the official stock exchanges like NSE (National Stock Exchange) or BSE (Bombay Stock Exchange). Instead, it operates through a network of local brokers who keep the trades off the books.

How Does Dabba Trading Work?

In Dabba trading, transactions are made between the investor and the local broker. These brokers maintain a parallel book of accounts, which isn’t regulated by any official stock exchange. This means that while the investor believes they are buying or selling stocks, the transactions do not actually occur on the official exchange, but rather in the broker’s records.

The Appeal of Dabba Trading

One of the primary reasons for the popularity of Dabba trading is the avoidance of taxes and transaction fees. Since these trades are not officially recorded, investors can bypass the usual charges associated with stock market transactions. Additionally, Dabba trading offers a high level of privacy and flexibility, attracting those who prefer to keep their financial activities discreet.

The Risks Involved

While Dabba trading might seem appealing due to its cost-saving benefits, it comes with significant risks. The primary concern is the lack of regulation. Without the oversight of official stock exchanges, investors have no protection against fraud or malpractice. The informal nature of these transactions means that if a broker defaults or engages in unethical practices, the investor has little to no legal recourse.

Legal Status of Dabba Trading

Dabba trading is illegal in India. The Securities and Exchange Board of India (SEBI) strictly prohibits any trading activity that bypasses official exchanges. Engaging in Dabba trading can lead to severe penalties, including hefty fines and imprisonment. Despite its illegality, Dabba trading continues to thrive in certain circles due to the aforementioned benefits.

Comparison with Traditional Trading

In traditional trading, transactions are transparent, regulated, and recorded by official stock exchanges. This offers investors a safety net and ensures that all activities comply with established rules and regulations. In contrast, Dabba trading’s unregulated nature means higher risks and potential legal issues.

Technological Influence

The rise of technology has impacted various aspects of trading, including Dabba trading. With the advent of digital platforms and mobile apps, it has become easier for brokers to connect with investors and conduct off-the-record trades. However, this also means that regulatory bodies are increasingly using technology to track and crack down on illegal trading activities.

The Future of Dabba Trading

Given its illegal status and the growing scrutiny from regulatory authorities, the future of Dabba trading appears uncertain. While it offers certain advantages, the risks and legal implications cannot be ignored. Investors looking for alternative trading methods might need to explore other, more legitimate options.

Conclusion

Dabba trading presents an interesting case in the world of investing. While it offers certain benefits like reduced costs and increased privacy, the associated risks and legal issues make it a precarious choice. As the financial landscape continues to evolve, it remains to be seen whether Dabba trading will find a place in the future of investing or fade into obscurity due to regulatory pressures. Investors are advised to weigh the pros and cons carefully and consider the long-term implications before engaging in such practices

[thinkinglegal]

India's Top 5 SEBI Expert Lawyers

In the labyrinth of India’s burgeoning securities market, the Securities and Exchange Board of India (SEBI) stands as the vigilant guardian, ensuring fair play and investor protection. As the market cap of companies listed on the NSE surpassed USD 4 trillion as of 2024, the role of SEBI and SEBI lawyers has never been more critical. However, the regulatory landscape can be as complex as it is vast, often requiring the expertise of legal sherpas to guide companies and individuals through potential pitfalls.

Enter the SEBI expert lawyers — legal professionals whose mastery of securities laws, regulations, and enforcement practices makes them indispensable allies in corporate boardrooms and courtrooms alike. These SEBI expert lawyers don’t just interpret the law; they help shape its application, defending clients in investigations, steering them through regulatory proceedings, and championing their interests in high-stakes litigation.

In this blog, we unveil the top five of India’s long list of SEBI lawyers, each bringing unique strengths to the intricate dance of compliance and strategy. Their stories not only showcase individual brilliance but also underscore a collective commitment to upholding the integrity of India’s financial heart.

1. Sandeep Parekh

At the helm of Finsec Law Advisors, Sandeep Parekh stands as a colossus in India’s financial regulatory landscape. A former executive director at SEBI and now a renowned SEBI lawyer, Parekh’s trajectory from the youngest holder of this prestigious post to founding a top-tier financial sector law firm reads like a masterclass in legal excellence.

Parekh’s arsenal of expertise as a SEBI lawyer, honed through years at the regulatory epicenter, has transformed Finsec Law Advisors into a beacon for corporations navigating the labyrinthine world of securities law. His firm’s meteoric rise to become India’s highest-rated Financial Regulatory Practice in just seven years is a testament to his unparalleled acumen as a SEBI expert lawyer.

Beyond the boardroom, Parekh’s influence as a SEBI lawyer permeates academia. His long-standing faculty position at IIM-A and his seminal work, “Fraud, Manipulation and Insider Trading in the Indian Securities Markets,” now in its fourth edition, have shaped a generation of financial minds.

Parekh’s global recognition as a “Young Global Leader” by the World Economic Forum and his membership in Mensa speaks volumes about his intellectual prowess, further solidifying his reputation as a leading SEBI lawyer.

2. Vaneesa Agrawal

Youth combined with expertise makes for a potent mix, as epitomised by Vaneesa Agrawal, founder of Thinking Legal, an expert SEBI lawyer focusing on fund formations. In 2021, she was recognised as part of the BW Legal World Elite 40 Under 40 Club of Achievers by Businessworld. The Legal 500 directory notes that, “Vaneesa Agrawal heads up the firm, and has a strong record as a fund counsel and in early-stage transactional work.”

Agrawal’s trajectory — from a first generation woman lawyer to a recognised authority on SEBI matters — is as impressive as it is inspiring.

Vaneesa Agrawal’s team of SEBI expert lawyers at Thinking Legal mirrors her multifaceted outlook. “We’re SEBI lawyers who are focused on fund formations and regulatory advisory,” she notes. This diversity shines through in their handling of complex matters, such as setting up angel funds, fund of funds and venture capital funds..

In one of the webinars she was part of, Vaneesa Agrawal represented Thinking Legal and advised on the entire gamut of the early-stage investment ecosystem through SEBI-registered funds, starting from setting up angel and venture capital funds, to deployment across various series transactions. It’s this blend of technical know-how and practical foresight that positions her as a rising star in the legal world as an expert SEBI lawyer focusing on funds.

3. Manan Lahoty

Manan Lahoty, partner at IndusLaw and with over two decades of experience, specialises in capital markets, particularly in SEBI-regulated transactions, reads like a playbook for corporate excellence.

Lahoty’s expertise as a SEBI lawyer has been instrumental in shaping some of India’s most prestigious public offerings, including those of Coal India, Zomato, and Paytm. His dual qualification to practice in both India and England & Wales adds a global perspective to his counsel, making him a go-to SEBI expert lawyer for domestic and international investment banks alike.

Beyond the boardroom, Lahoty’s influence permeates the legal community. Chambers and Partners lauds him as “one of the best capital markets lawyers in India,” while Forbes India Magazine recognizes him among the country’s Top 100 Great People Managers.

4. Vasudha Goenka

Vasudha Goenka stands as a colossus in India’s securities regulatory landscape. A former Deputy General Manager at SEBI, Goenka’s trajectory from handling contentious proceedings at the regulatory epicentre to joining a top-tier law firm reads like a masterclass in legal excellence.

Goenka’s arsenal of expertise, honed through 16 years at SEBI, has transformed her into a beacon for corporations navigating the labyrinthine world of securities law. Her extensive experience in quasi-judicial proceedings before SEBI and SAT, coupled with her deep knowledge of various SEBI regulations, speaks volumes about her capabilities as a SEBI lawyer.

Beyond the courtroom, Goenka’s influence permeates the legal community. Chambers and Partners lauds her as “one of the best capital markets lawyers in India,” underscoring her reputation as a premier SEBI lawyer.

5. Ganesh Rao

A Partner specializing in this intricate field, Ganesh Rao as a SEBI lawyer presents a repertoire that reads like a playbook for navigating the complex world of investment funds.

Rao’s arsenal of expertise as a SEBI expert lawyer, honed through years of advising both general and limited partners, has transformed him into a beacon for clients ranging from development financial institutions to family offices. His adept handling of special situations, including fund disputes and manager removals, speaks volumes about his capabilities as a funds expert and SEBI lawyer.

Beyond standard practice, Rao’s influence as a SEBI lawyer permeates the investment community. His recognition as one of ’40 under 40 India Inc’s Top Young Leaders’ by the Economic Times underscores his visionary approach in SEBI-related matters.

Rao’s consistent Band 1 ranking in Investment Funds by Chambers and Partners, and his distinction as an outstanding legal professional by Asian Legal Business, testify to his unparalleled acumen as a SEBI expert lawyer in this specialized field.

The Road Ahead: Partnering with SEBI Expert Lawyers

As SEBI’s mandate evolves — with recent forays into fund formations, startup listings, and social media’s impact on markets — the value of specialised SEBI lawyers intensifies. The lawyers profiled here don’t just interpret these changes; they help clients turn regulatory shifts into strategic advantages.

Choosing the right SEBI lawyer transcends win-loss records. It’s about finding a partner who grasps the nuances of your business, anticipates regulatory headwinds, and crafts bespoke solutions. Whether it’s Parekh’s regulatory acumen, Agrwal’s innovative drive, Manan’s global prowess, Gornka’s contentious mastery, or Rao’s investment savvy, each brings a vital instrument to the symphony of SEBI compliance.

[bignewsupdates]

MC Exclusive | Promoters of SecureKloud Tech arrested in money laundering case

In January 2021, 8K Miles rebranded itself as SecureKloud Technologies Ltd. 8K Miles was always in the limelight for the wrong reasons.

Suresh Venkatachari, the promoter of SecureKloud Technologies

Note to readers: An earlier version of the article qualified SecureKloud as a “Sandeep Tandon-backed company”. This is to clarify that Sandeep Tandon is not a promoter, board member or a shareholder. The inadvertent remark is regretted.

The Directorate of Enforcement on March 24 arrested the promoters of a listed entity, SecureKloud Technologies - Suresh Venkatachari and RS Ramani - under the provisions of the Prevention of Money Laundering Act.

The company said in an exchange filing that Venkatachari shall cease to be the president of the company with "immediate effect".

On March 24, the stock ended at Rs 38.6 on the NSE, lower by 3.6 percent from the previous close. The stock is down over 80 percent from its all-time high level touched in October 2021. Its market capitalisation now stands at Rs 133 crore.

What does Securekloud do?

As per the company's website, SecureKloud enables digital transformation for enterprises with cloud-based solutions. "We have helped organizations including Fortune 500 giants embrace the cloud with security and agility while following industry best practices," reads the company's LinkedIn profile. It is based in the San Francisco Bay area.

The company clocked annual sales of Rs 849 crore in March 2018, which fell to Rs 382 crore in March 2020 and stood at Rs 379 for FY22. During the same time period, the bottom line has swung between Rs 205 crore of net profit and Rs 98 crore of net loss. Operating margins have also been inconsistent, as per data from Screener.

Shareholding

As of December 2022, the promoter and promoter group held a 43.52 percent stake in the company. Venkatachari held 42.13  percent and Ramani held 1.39 percent. Public shareholding stood at 56.48 percent.

Dubious past

In January 2021, 8K Miles rebranded itself as SecureKloud Technologies Ltd.

8K Miles was always in the limelight for the wrong reasons. From August 1, 2011 to September 30, 2012 and January 4, 2012 to September 28, 2012 respectively, there was "unusual price movement in the scrip". SEBI prima facie found that various connected entities had indulged in fraudulent and manipulative trading in the stock.

In 2018, when the stock was spiralling down, Venkatachari said that 8K Miles will initiate legal action against Quantum Global Securities Ltd and Kumar Share Brokers Ltd for the illegal transfer of promoter shares worth 8.42 percent equity of the company.

Following that, in an audit conducted in 2019, Deloitte flagged false disclosures by the management and misrepresentation in financial statements.

"We came across certain transactions that gave us reason to believe that suspected offences involving fraud have been committed in the company," it said.

The audit report said that two independent directors on the company's board were never really "independent" as their relatives were employed in 8K Miles.

Deloitte also found several instances of transactions with vendors, wherein there were "inconsistencies between the nature of services as mentioned in the invoices and the basis of recording in the books of account as consultancy expenses, intangible assets, multiple federal tax identification against the same vendor, contracts signed by employees post cessation of their employment, etc."

In 2020, trading was suspended in the stock for a few weeks due to the company's non-submission of financial results for two consecutive quarters.

[gillbroking123]

Securities Market Disturbance, Forecasts And Also Financier Duties

Securities Market Disturbance, Forecasts And Also Financier Duties

The panicky situation that prevailed in the Indian securities market decreasing the sensex numbers to several hundred factors is now over. Everything began with the residential frauds along with weak overseas markets followed by abrupt selling by FIIs, financial institution's profitability, liquidity crunch, and also extra. Disturbance does happen at routine intervals not only out there of stocks in India yet also other world markets. Thinking about the fluctuating fads in the Indian share market for the past a number of weeks, market experts believe that both the NSE BSE indices will certainly better go up with negligible falls, by the next week. Based on a poll, the awesome and also sensex of the NSE and also BSE are likely to increase by 20% by the end of 2011. So, get hold of the chances! Find out just how to encounter the disturbance of the India stock exchange. There can be no much better rewarding alternative than investing in supplies in India. To be on the helpful side, join a supply broking portal as a signed up paid member. With your paid membership, you can not only get tailored stock ideas yet additionally obtain suggested possible supplies of India right on your mail box and also over the phone. Besides, at the very same system, you can have access to the A-Z of news and info related to the Indian share market as well as a multitude of various other spending alternatives. Anticipating how much return you will certainly get or incur losses from your original investment all relies on the intensity of research you conduct besides remaining updated with the most up to date fads of the Indian securities market. And if you have developed strategies as well as adhere to all treatments included, reducing dangers as well as maximizing your returns from your stocks in India becomes a simple affair. The majority of capitalists have various methods developed for various market situations; they also produce their very own supply pointers based on the past and present trends. Making predictions then won't seem hard. The more you are close to your forecasts of gaining returns, the lesser are your risks to shed. Do not go for dangerous financial investments if you are novices. And also do not blindly adhere to the supply ideas released in several an online system; follow them if they pertain to your goals. Confidence as well as knowledge goes hand in hand. Once you grasp both the qualities, success is only a step away. What is your duty in the NSE BSE market when you buy stocks in India? As a financier when you get a specific supply, you end up being a partial investor of the business. There are two types of stocks in India, viz. preferred and also common. As well as there are firms that pay dividends and if the worried firm earns good rewards, you also obtain an added advantage. You are also entitled to choose the supervisors of the said firm. These occur in case of ordinaries shares. For participating preferred stocks in India, which are not usually detailed in the NSE BSE, repaired rewards are paid to investors. Short article Resource: http://EzineArticles.com/5602270

DISCLAIMER : Investments in securities market are subject to market risks, read all the related documents carefully before investing.

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[nsebullcom]

NSE raises price band of 4 Adani Group companies | India News

NEW DELHI: Leading bourse National Stock Exchange (NSE) on Tuesday raised the price band of four Adani Group firms, including Adani Power and Adani Transmission. The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. NSE has enhanced the circuit limit of Adani Power to a maximum of 20 per cent from the current limit of 5 per cent. In addition, the exchange has increased the circuit limit of Adani Wilmar, Adani Green Energy and Adani Transmission to 10 per cent from the present 5 per cent level. The exchange has decided to revise the circuit limit of a total of 172 companies. In January, bourses BSE and NSE lowered the circuit limit of Adani Transmission, Adani Green Energy and Adani Total Gas. Generally, exchanges set the circuit limits to curb large movements in the price of shares in a very short time. The decision was taken after the heavy beating of the Adani stocks following the allegations made by US-based Hindenburg Research against the group. The Hindenburg report alleged stock manipulation and fraud by the conglomerate. The Adani Group attacked Hindenburg as "an unethical short seller", stating that the report by the New York-based entity was "nothing but a lie". Source link Read the full article

[nsebell]

NSE raises price band of 4 Adani Group companies | India News

NEW DELHI: Leading bourse National Stock Exchange (NSE) on Tuesday raised the price band of four Adani Group firms, including Adani Power and Adani Transmission. The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. NSE has enhanced the circuit limit of Adani Power to a maximum of 20 per cent from the current limit of 5 per cent. In addition, the exchange has increased the circuit limit of Adani Wilmar, Adani Green Energy and Adani Transmission to 10 per cent from the present 5 per cent level. The exchange has decided to revise the circuit limit of a total of 172 companies. In January, bourses BSE and NSE lowered the circuit limit of Adani Transmission, Adani Green Energy and Adani Total Gas. Generally, exchanges set the circuit limits to curb large movements in the price of shares in a very short time. The decision was taken after the heavy beating of the Adani stocks following the allegations made by US-based Hindenburg Research against the group. The Hindenburg report alleged stock manipulation and fraud by the conglomerate. The Adani Group attacked Hindenburg as "an unethical short seller", stating that the report by the New York-based entity was "nothing but a lie". Source link Read the full article

[assuredplus]

How many Stock Exchanges in India & What are their Functions?

The main stock exchanges in India are:

Bombay Stock Exchange (BSE): Established in 1875, BSE is one of the oldest stock exchanges in Asia. It is located in Mumbai and is the largest stock exchange in India in terms of listed companies.

National Stock Exchange (NSE): Founded in 1992, NSE is the leading stock exchange in India in terms of trading volumes. It is also located in Mumbai and operates on an electronic trading system.

These two exchanges are the major platforms for buying and selling stocks and other securities in India. There are also regional stock exchanges such as Calcutta Stock Exchange, Madras Stock Exchange, and Ahmedabad Stock Exchange, but their significance has diminished over time.

Other sub-stock exchanges in India are:

Apart from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), there are several other stock exchanges in India. However, it’s important to note that the significance and trading activities of these regional exchanges have declined over the years. As of my knowledge cutoff in September 2021, the following are some of the other stock exchanges in India:

Calcutta Stock Exchange (CSE)

Madras Stock Exchange (MSE)

Ahmedabad Stock Exchange (ASE)

Bangalore Stock Exchange (BgSE)

Cochin Stock Exchange (CSE)

Delhi Stock Exchange (DSE)

Hyderabad Stock Exchange (HSE)

Jaipur Stock Exchange (JSE)

Ludhiana Stock Exchange (LSE)

Mangalore Stock Exchange (MSE)

Please note that the information provided is based on my knowledge up to September 2021, and the status and activities of these exchanges may have changed since then. It’s advisable to refer to the latest information or consult relevant sources for up-to-date details on Indian stock exchanges.

The stock exchanges in India serve several important functions in the financial system. Here are some key functions of stock exchanges in India:

Facilitating Trading: Stock exchanges provide a platform for buyers and sellers to trade securities such as stocks, bonds, and derivatives. They create a transparent and regulated marketplace where investors can buy and sell these instruments.

Price Discovery: Stock exchanges play a crucial role in determining the prices of securities through the interaction of supply and demand. Continuous trading on the exchange helps in establishing fair and transparent prices for different securities.

Providing Liquidity: By providing a centralized marketplace for trading, stock exchanges enhance the liquidity of securities. Investors can easily buy or sell their holdings, as there is a pool of potential buyers and sellers available on the exchange.

Listing of Companies: Stock exchanges provide a platform for companies to list their shares and raise capital from the public through initial public offerings (IPOs). Listing on a stock exchange allows companies to access a larger pool of investors and increase their visibility.

Investor Protection: Stock exchanges enforce stringent rules and regulations to protect the interests of investors. They set standards for listing, disclosure, and corporate governance, ensuring that companies comply with these requirements and provide accurate information to investors.

Market Surveillance: Stock exchanges monitor trading activities to detect and prevent market manipulation, fraud, insider trading, and other irregularities. They have surveillance mechanisms in place to maintain market integrity and investor confidence.

Clearing and Settlement: Stock exchanges facilitate the clearing and settlement of trades. They ensure that securities and funds are transferred accurately between buyers and sellers, minimizing counterparty risks.

Index Calculation: Stock exchanges calculate and maintain various market indices, such as the Sensex and Nifty, which track the performance of specific groups of stocks. These indices serve as benchmarks for the overall market performance and provide a reference point for investors and fund managers.

Overall, stock exchanges in India play a crucial role in facilitating transparent, efficient, and regulated trading of securities, ensuring investor protection, and contributing to the growth of the capital market.

[trading-trending]

[harpianews]

CBI arrests Anand Subramanian, ex-top official of NSE and advisor to Chitra Ramkrishna

CBI arrests Anand Subramanian, ex-top official of NSE and advisor to Chitra Ramkrishna

Former group operating officer (GOO) of the National Stock Exchange (NSE) Anand Subramanian has been arrested by the Central Bureau of Investigation (CBI) in connection with its probe into a 2018 case of manipulation of the bourse. “Subramanian was arrested by a team of officials in Chennai late on Thursday night. He will be produced in a competent court today,” a CBI official said. CBI had…

[ramanan50]

SEBI Officials Locked Up NSE Scam Lakhs Of Crores PC Cabal

There have been ,are scams by the Congress party,which was gloriously started by TTK with Mundra Scam, followed by Nagarvala, Maruti,Purulia Arms drop,Bofors, Lalbhadur Shastri' s death,Harshad Mehta ,....to top it all... 2 G scam.

Normally you do not expect Express Newspaper criticising exposing Congress Party and It’s leaders, save during the period of Sri.Goenka,who fought Emergency tooth and Nail when it was imposed by Indira Gandhi because she was disqualified in an election. There have been ,are scams by the Congress party,which was gloriously started by TTK with Mundra Scam, followed by Nagarvala, Maruti,Purulia…

[tarunmitra-daily-newspaper]

Look-out circulars issued against several accused persons Follow @tarunmitr.newspaper #frostinternational #lookout #bank #fraud #accused #cbi #cbiindia #bse #nse (at BSEIndia) https://www.instagram.com/p/B7nZgSIJzs5/?igshid=1ho0s9o5ts5v1