Merger of stock exchanges at GIFT City at advanced stage, to approach NCLT this month: IFSCA chairman

[ad_1] The proposal to merge the two international stock exchanges at GIFT City in Gujarat is at an “advanced stage” and is expected to reach the National Company Law Tribunal (NCLT) later this month, said K Rajaraman, chairman of International...

Foreign brokers allowed to operate remotely at Gift IFSC

[ad_1] The International Financial Services Centres Authority has allowed remote trading by foreign stock broking firms on Gift IFSC exchanges. Such firms will be allowed to trade directly on the stock exchanges on a proprietary basis, without a broker-dealer even...

CPAI seeks clarification on RBI circular on currency futures

[ad_1] The Commodity Participants Association of India has sought clarification from the banking regulator RBI whether clients with only underlying exposure will be allowed to trade in currency futures trading from April 5 and if so all the open positions...

RK Swamy IPO debuts on stock exchanges, lists at ₹251 per share

[ad_1] RK Swamy Limited’s IPO made its stock market debut today, listing at ₹251 per share on both BSE and NSE. This marks a 13 per cent decline from its issue price of ₹288. The pre-listing grey market premium was...