Capital market regulator Securities and Exchange Board of India (Sebi) has provided in-principle not to BSE Ltd for an initial public offering (IPO).

BSE, the country's second-largest exchange in terms of volume, has written to market regulator Securities and Exchange Board of India (Sebi) seeking an approval for the IPO and to list its shares on a recognized stock exchange.

Mumbai: Indian stock markets edged higher on Friday in a volatile session as energy companies such as Reliance Industries Ltd (RIL) rallied after the country simplified oil and gas licensing rules, while property developers gained after Parliament passed a real estate bill.

The S&P BSE Sensex closed 0.38%, or 94.65 points, higher at 24,717.99, while the Nifty closed 0.32%, or 24.05 points, higher at 7,510.20, after spending the day swinging between gains and losses as investors also booked profits in recent outperformers.

MUMBAI: Key benchmark indices extended their losses, with the Sensex falling 294 points and the Nifty 69 points, weighed down by sustained selling mainly in IT and technology.

The BSE Sensex opened higher before quoting at 24,499.57 at 12:21pm, down 294.39 points or 1.19 per cent.

National Stock Exchange of India (NSE) is mulling foreign listing in addition to self-listing in India after the issue was discussed during a call with the shareholders on February 12. This was further to the exchange’s board meeting held on February 8.

In 2013, the government had allowed unlisted companies to directly list on stock exchanges abroad without prior or simultaneous listing on Indian bourses. However, current norms for listing of exchanges do not talk about overseas listing.

Mumbai: India’s benchmark equity indices posted their best weekly gains in absolute terms in nearly seven years as investors cheered the government’s commitment to its fiscal consolidation road map in budget 2016 and prospects of lower borrowing costs as a result.

The rupee also stabilized, pulling back from near-record lows to post its highest weekly rise in nearly one-and-a-half years.

Mumbai: Indian stock markets edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week.

The benchmark BSE Sensex rose 0.16%, or 39.49 points, higher at 24,646.48, while the broader Nifty gained 0.13%, or 9.75 points, higher at 7,485.35.

he government’s decision to allow foreign exchanges to hold up to 15 per cent stake in Indian bourses has come as a shot in the arm for entities like the BSE and the National Stock Exchange (NSE) that are planning to become listed entities.

“Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5 per cent to 15 per cent on a par with domestic institutions. This will enhance global competitiveness of Indian stock exchanges and accelerate adoption of best-in-class technology and global market practices,” according to the Budget presented in Parliament on February 29.

Bharat Heavy Electricals Limited (BHEL) has surged 10% to Rs 102 on the BSE after the company announced that it has won an order worth Rs 5,600 crore from Tamil Nadu government.

The Tamil Nadu Government has handed over the Letter of Award (LOA) for setting up of the Main Plant Package for the 2X800 mega watt (Mw) Uppur Supercritical Thermal Power Project, BHEL said in a press release.

Shares of Hero MotoCorp (HMCL) has moved higher to its 52-week high of Rs 2,834, up 6% on the National Stock Exchange (NSE) after the company clocked a double digit growth in two-wheeler sales in the month of February 2016.

Bucking the sluggish industry trend, HMCL sold 550,992 units of two-wheeler in February 2016, as compared to 484,769 units in the corresponding month last year, reflecting a robust double digit growth of 13.6%.

Mumbai: Benchmark equity index, Sensex, pared the intraday losses to close 152 points lower on Monday, as market participants gave a thumbs down to finance minister Arun Jaitley’s Union budget announcements, particularly with respect to taxing of dividend income in the hands of high net-worth individuals (HNIs).

Earlier in the day, the Sensex fell as much as 2.85%, or 659.69 points, to 22,494.61, while the Nifty 50 slipped as much as 2.9%, or 203.95 points, to 6,825.8 points.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.