Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced a one-time settlement scheme for stock brokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme, aimed at expediting enforcement proceedings under SEBI‘s jurisdiction, offers eligible brokers a chance to settle violations related to securities laws without prolonged litigation. … Read more
Amid an overall weak market sentiment, individual small and midcap stocks enjoyed their northward rally with shares of WPIL Ltd surging by as high as 44.16% in just one week. Shares of Prudent Corporate Advisory Services rallied 40% to close the week at Rs 3,577.65 on the BSE. The stock had gained 14.75% in the … Read more
Mumbai: A further delay in delivery of the trading software by Tata Consultancy Services (TCS) has forced the Multi Commodity Exchange India (MCX), India’s largest commodity exchange, to continue with existing vendor 63 Moons Technologies. The bourse for the third time renewed the software support service with 63 Moons for six months beginning July 1, … Read more