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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The regulator is easing up on the exchange, allowing it to finally commence the process of tapping the markets, and shaking off the ghosts of the past five years
Four years and eight months after the National Stock Exchange of India, or NSE, first filed its draft herring prospectus for a public offering of its shares, it seems like its much-talked-about and anticipated IPO will finally see the light of day.
NSE’s journey towards an elusive listing on the stock exchanges is the stuff of nightmares—regulatory hurdles, regulatory orders, enforcement agency investigations, numerous petitions and court orders and, not to forget, the unceremonious departure of its founding management. You name a hurdle and NSE has been through it in the last four-odd years.
But something is definitely changing and …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
