SEBI, exchanges overhaul risk management systems after NYSE's glitch

In the wake of a major glitch causing nearly four-hour trading halt at the New York Stock Exchange (NYSE) last night, regulator Sebi and stock exchanges in India have initiated an urgent review of the overall risks management and disaster recovery systems of the Indian markets.Top officials said the...

Chinese tumble spreads to Asian shares

Mainland Chinese shares continued to head lower today, leading the rest of Asia down as concerns over the market's steep slide spread. The benchmark Shanghai Composite was down 3.6 per cent to 3,380.31 points despite aggressive measures by regulators such as banning big investors from selli...

China stock market freezing up as sell-off gathers pace

China's tumbling stock market showed signs of seizing up today as the dramatic sell-off continued despite efforts by regulators to try to stem the losses. The CS I300 index of the largest listed companies in Shanghai and Shenzhen closed 6.8 percent down, while the Shanghai Composite Index d...

Chinese shares continue to slide

Mainland Chinese shares continued to slide today, falling more than 8 per cent on opening. The slump came despite more moves by China's regulators to try and stabilise the recently volatile market. The main Shanghai Composite index was down around 5 per cent in early trading and more than 1...

ED attaches Rs 166 cr kept in Singapore bank

The Enforcement Directorate (ED) has successfully attached around 166 crore rupees kept in a Singapore bank in connection with a money laundering probe in a Mumbai-based ponzi scam case.The amount, which was attached under the provisions of the Prevention of Money Laundering Act (PMLA), pertains to ...

Coal import dependence will reduce if CIL production goes up

An ICRA survey says that dependence on coal imports will reduce to up to eight per cent only if Coal India (CIL) meets the production of 1,000 million tonnes by 2020 and if auctioned coal mines are able to achieve their peak capacity in a timely manner. ICRA Vice President Corporate Sector Girish Ka...

ED attaches Rs 166 cr kept in Singapore bank

The Enforcement Directorate (ED) has successfully attached around 166 crore rupees kept in a Singapore bank in connection with a money laundering probe in a Mumbai-based ponzi scam case.The amount, which was attached under the provisions of the Prevention of Money Laundering Act (PMLA), pertains to ...

SEBI lays out cyber security policy for exchanges, others

To protect the securities market from cyber threats, regulator Sebi has asked stock exchanges and other key entities to put in place necessary framework to safeguard systems, networks and databases from such attacks. Asking all exchanges, clearing corporations and depositories to implement necessary...

Five Aadhaar regularisation camps to be held in Delhi/NCR

Government will hold five Aadhaar regularisation camps for pensioners in the National Capital Region in collaboration with Punjab National Bank from 13th to 17th of this month. An official release from the Department of Pension and Pensioner's Welfare says, the camps will be held at Rajendr...

5 Chairmen of BRICS Business Council to meet ahead of summit