Boom in unlisted NSE shares strains grey market trades

The unexpected surge in prices for the country’s dominant stock exchange is fuelled by hopes of an imminent listing and attractive valuations, creating huge demand among investors and a significant supply crunch. Declaration of a rich dividend by NSE and its chief executive saying that its market share loss to rival BSE had “run its … Read more

What Trump administration’s visa ban means for Harvard University and its students

The Trump administration has stripped Harvard University of its ability to enroll international students. The decision, announced by homeland security secretary Kristi Noem, targets one of the world’s most prestigious universities and puts nearly 6,800 foreign students-over a quarter of Harvard’s enrollment—at risk of losing their legal status in the United States.The administration’s action is … Read more

NFRA probes Gensol’s audit books after Sebi flags fraud, ICAI review underway

The National Financial Reporting Authority (NFRA) has launched a preliminary inquiry into the books of Gensol Engineering following fraud allegations, according to Ravneet Kaur, the head of the audit regulator. The move follows a reference by the Securities and Exchange Board of India (Sebi), said Kaur, who also helms the competition regulator. She was speaking … Read more

China’s factory output resists tariff impact, retail sales slow

China’s factory output slowed in April but showed surprising resilience, a sign that government support measures may have cushioned the impact of a trade war with the U.S. that threatens to derail momentum in the world’s second-largest economy. Industrial output grew 6.1% from a year earlier, National Bureau of Statistics (NBS) data showed on Monday, … Read more