The Securities Appellate Tribunal (SAT) Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case. However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks.
India’s stock market wealth grew by Rs 75.25 lakh crore in five years since Narendra Modi-led NDA emerged victorious in the Lok Sabha polls in 2014, with benchmark Sensex gaining 61 per cent during this time. An analysis of the stock market movements from May 16, 2014 till date showed that the 30-share BSE Sensex jumped 14,689.65 points or 60.89 per cent.
Global mobile phone giant Huawei has issued a statement reassuring customers that all after-sales and security services will continue unhindered, following an announcement by Google that it is to stop providing software support.
Several corporate honchos, including Anand Mahindra, Adi Godrej, Anil Agarwal and Sunil Mittal cheered as trends pointed towards the BJP and allies returning to power with a thumping majority, saying it was the time for deep reforms entwined with India’s ambition to emerge as a global superpower.