The Securities and Exchange Board of India (SEBI) on Monday proposed modifying the definition of technical glitches at stock brokers’ online trading system (OTS), rationalising the financial disincentive structure as well as simplifying the eligibility criteria to exclude smaller brokers. “The definition is proposed to be modified to exclude technical glitches occurring after trading hours
New Delhi, Sep 22 (PTI) Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers on Monday announced raising a little over Rs 220 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription. The institutions that participated in the anchor round included HDFC Mutual Fund (MF), Quant MF,
SEBI also proposed that penalties should not apply in cases where glitches do not disrupt services for clients | Photo Credit: HEMANSHI KAMANI/Reuters The Securities and Exchange Board of India (SEBI) has proposed changes to its rules on handling technical glitches at stock brokers’ systems, including redefining what constitutes a glitch, easing financial disincentives, and
The stock market wrapped up a blockbuster week with the major indexes at fresh closing highs. The Dow Jones Industrial Average rose 172 points, or 0.4%. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.7%. All three built on yesterday’s record closes. Despite the gains, a majority of S&P 500 stocks actually
The U.S. Federal Reserve cut interest rates for the first time in the current year. The 25-basis-point rate cut was widely expected and signals a shift toward monetary easing. The Fed expects two more rate cuts by year-end. Although inflation remains above the Federal Reserve’s 2% target, the uptick in the unemployment rate has increased
Anand Rathi Share and Stock Brokers is set to launch its maiden public issue for subscription on 23 September, aiming to raise Rs 745 crore through a fully fresh issue. The price band for the IPO is Rs 393-414 per share. The issue includes a reservation of shares worth Rs 10 crore for employees. The
Key Takeaways StubHub shares ended their first trading session at $22.17, slightly below the $23.50 they sold for in the company’s initial public offering. The online ticket sales platform raised about $800 million, which CEO Eric Baker said would be used to pay down debt. StubHub’s deal was the latest to land in a busy
According to the University of Maryland’s School of Public Policy, 86% of Americans want to ban stock trading in Congress. As elected representatives, our duty is to serve the people, not enrich ourselves. So if nearly 9 out of 10 Americans demand this reform, why hasn’t it become law? We know the answer: Because the
SoFi Technologies Inc SOFI shares are falling Tuesday, experiencing a pullback after a rally that pushed the stock to a new 52-week high on Monday. The stock is currently trading down as investors appear to be taking profits ahead of this week’s Federal Reserve meeting. What To Know: On Monday, shares surged on investor optimism
Shares of beauty supply retailer Sally Beauty (NYSE:SBH) jumped 4.8% in the morning session after an analyst at Canaccord Genuity raised the stock’s price target. Canaccord Genuity analyst Susan Anderson increased the price target on the beauty retailer to $19.00 from $15.00, marking a 26.67% jump. Anderson maintained a ‘Buy’ rating on the shares, but