In a little over two decades, the community once synonymous with the broking business has almost completely vacated the space to newer players.
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The investment firm’s report doesn’t quite reflect optimism in the Indian markets, and runs contrary to the ground reality.
Settlements with SEBI are not uncommon. But what’s not in this case is the amount by itself, the timing and a striking coincidence with the recently closed co-location case.
The Bengaluru-based brokerage wants to hold customer funds to build a faster payment system, but the central bank is wary of reopening what it sees as a failed experiment.