High-frequency trading firm Jane Street on Thursday told the Securities Appellate Tribunal (SAT) that it was seeking order logs from the market regulator with details of counterparties, timestamps, prices and quantities, which it noted were ‘relevant’ to its defence. The Securities and Exchange Board of India (Sebi), in turn, argued that it had already … Read more
Tata Consultancy Services (TCS), India’s largest software services firm, posted a 15% rise in net profit to ₹13,884 crore in the September quarter from a year ago while revenue rose 11.2% to ₹73,188 crore, largely in line with analyst estimates. The numbers were buoyed by growth returning in a small way, especially in the largest … Read more
Reliance Jio chairman Akash Ambani said Jio Platforms’ planned listing -set to be the biggest ever in India’s history-comes with a responsibility to deliver value to shareholders, including retail investors, as the country’s most-valued company prepares for its first public issue in three decades. Asked about the likely October-end initial public offer (IPO) and potential … Read more
India’s markets regulator is likely to stop using closing auctions to calculate derivatives settlement prices for at least a year, two sources with direct knowledge of the matter said, in a partial reversal of new mechanisms it has introduced for setting the closing prices of key stocks and derivative contracts. The Securities and Exchange Board … Read more
Tax authorities have taken a benign view on at least four gaming companies going by the first few final orders issued till now. No personal penalties were slapped on company directors and tax demands have been slashed following the Supreme Court (SC) verdict on a bitter feud waged by real money gaming (RMG) and casino … Read more
Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings and the settlement methodology for derivative contracts. … Read more
The number of rating upgrades has come down in the fi rst half of the fi nancial year as compared with the numbers in the year ago period as companies are facing multiple headwinds in the form of West Asia confl ict, rising crude oil prices, higher input cost and the evolution of US tariff … Read more
Delhi’s traffic signals could soon become more responsive to the traffic they are actually handling, rather than operating largely on fixed timings.The Centre has approved a Rs 1,789.52-crore Intelligent Traffic Management System (ITMS) for the capital, bringing signals, traffic enforcement, emergency vehicle movement and commuter information onto an integrated technology platform.Union minister Ashwini Vaishnaw said … Read more
Any change in the Tata Group’s structure that makes a clear controlling entity less obvious or weakens the holding company’s credit profile may impact the outlook of the group’s credit quality, and thereby, individual ratings, rating agency S&P said on Tuesday. The leadership transition or changes in the group structure or stakeholder priorities may raise … Read more