Mumbai, July 8 (IANS) Ahead of its much-awaited initial public offering (IPO), the National Stock Exchange (NSE) has reported a slowdown in its core operating performance, with revenue from key business segments and trading activity declining during FY26, according to its Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI).The exchange’s total revenue from operations fell to Rs 16,601.3 crore in FY26 from Rs 17,140.67 crore in FY25, marking a decline …
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Mumbai, July 7 (IANS) The National Stock Exchange’s proposed Rs 30,000 crore initial public offering, expected to be the largest share sale in Indian history, comes after a decade-long delay caused by the co-location controversy. Even as the exchange prepares to list, recent regulatory curbs on derivatives trading have weighed on its revenue, profitability and market share, raising fresh questions ahead of the long-awaited IPO, as per the Value Research report.The roadblock stemmed from the co…
Mumbai, July 7 (IANS) Shares of Trent Limited, the Tata Group’s retail arm, plunged nearly 12 per cent on Tuesday after the company’s June quarter (Q1 FY27) standalone revenue growth fell short of market expectations, triggering sharp selling in the stock.The stock declined as much as 11.93 per cent during the session to an intra-day low of Rs 2,944.60 on the NSE.Trent reported standalone revenue from operations, excluding GST, of Rs 5,666 crore for the June quarter, marking a 19 per cent year-o…
Mumbai, July 6 (IANS) The National Stock Exchange’s (NSE) long-awaited initial public offering (IPO) is now likely to be launched in September, with pending regulatory and legal issues continuing to delay the process. While earlier reports had suggested the exchange could hit the market sooner, unresolved matters — including the long-running co-location case and other disclosures in its draft red herring prospectus (DRHP) — have kept the listing on hold.One of the key issues has been the long-…
Mumbai, July 6 (IANS) Aastha Spintex shares made a weak stock market debut on Monday, listing at Rs 130 apiece on both the BSE and NSE, compared with the IPO issue price of Rs 136. The listing reflected a discount of 4.41 per cent for investors who were allotted shares in the public issue.Despite the weak start, investor sentiment improved soon after trading began. Fresh buying interest lifted the stock to its 5 per cent upper circuit limit, reversing early losses and signalling strong demand in…
New Delhi, July 4 (IANS) HDFC Bank — India’s largest private lender — on Saturday reported double-digit growth in both deposits and advances for the quarter ended June 30 (Q1 FY27).According to the bank’s latest business update, total deposits increased 14.7 per cent year-on-year to Rs 31.70 lakh crore as of June-end, the bank said in an exchange filing.Time deposits increased more than 17 per cent from a year ago to Rs 21.45 lakh crore, while current account and savings account (CASA) deposit…
Mumbai, June 26 (IANS) National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan on Friday urged entrepreneurs to focus on building profitable and sustainable businesses rather than getting distracted by short-term stock price movements, saying that strong business fundamentals ultimately drive long-term market value.Calling capital markets a key enabler of India’s entrepreneurial growth story, Chauhan encouraged startups and MSMEs to view public listing as a strategic tool for scaling their…
Mumbai, June 21 (IANS) National Stock Exchange (NSE) CEO Ashish Kumar Chauhan on Sunday said that yoga has become increasingly important in today’s lifestyle and can help address both physical and mental health issues.Speaking to IANS, Chauhan said that it was due to the efforts of Prime Minister Narendra Modi that the United Nations declared June 21 as International Day of Yoga in 2015.He said yoga offers immense benefits, which is why people across the world celebrate Yoga Day and embrace the …
Mumbai, June 19 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Friday said the regulator has internally approved the proposed settlement in the long-pending National Stock Exchange (NSE) co-location case.Speaking to reporters, Pandey said the settlement proposal has received internal approval and the issue is expected to reach closure soon.”Internally, the NSE settlement has been approved. The matter will be resolved soon,” he said.The development comes just …
Mumbai, June 19 (IANS) The National Stock Exchange (NSE) has disclosed in its draft red herring prospectus (DRHP) for its proposed initial public offering (IPO) that it filed a police complaint over the alleged wrongful retention and sale of shares that were mistakenly credited to an individual’s demat account.The complaint was filed against an individual identified as Kashmiri Lal Rana under provisions of the Bharatiya Nyaya Sanhita (BNS) relating to alleged criminal breach of trust and cheatin…