BSE to shift 91 cos to restricted trade; NSE to move 24
.jpg)
The Bombay Stock Exchange has decided to shift stocks of 91 companies to the restricted trading segment from August 11 to ensure safety in capital markets and safeguard the interest of investors.
The National Stock Exchange (NSE) will also move 24 securities to this category.
Stocks that would be transferred on both the bourses include Cambridge Technology Enterprises, Nissan Copper, Raj Oil Mills and Ramsarup Industries.
These scrips would be traded and settled on trade-to-trade basis effective from August 11, the exchanges said in separate circulars.
Under the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The decision is a part of surveillance review and to ensure market safety and safeguard the interest of investors, the bourses said.
The exchanges have asked trading members "to take adequate precaution" while trading in these scrips.
"Trading members should note that transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company," the bourses said.
"Further, this is a temporary measure and will be reviewed periodically depending on the market conditions," it added.
Besides, BSE and NSE also issued a list of stocks that would continue in the trade-for-trade segment on their respective platforms.
While BSE has identified 244 companies whose securities will remain under restricted category, NSE has listed 80 companies.
Other Latest News
.webp)
For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co., followed by a bumper share buyback. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as chief executive officer of a group company for the first time in its 86 years.
In a country where women business leaders have long struggled to make inroads into corporate boards and C-suites, the appointment of Kim Kyung-Ah as president and CEO of Samsung Bioepis Co. is a story likely to inspire the next generation of executives.
.webp)
As cyclone 'Fengal' approaches Tamil Nadu, several parts of the capital Chennai will face a five-our power cut on Wednesday and Thursday, i.e., November 27 and 28 due to the maintenance work.
The power cut in Chennai will take place between 9 a.m. to 2 p.m., said a report by dtnext.in, adding that it may be restored if the maintenance work is completed.
.webp)
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.
Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico even as the US oil industry has warned the policy could hurt consumers, industry and national security.
.webp)
Congress leaders from Wayanad handed over the election certificate of the parliamentary by-election to party general secretary Priyanka Gandhi Vadra in the presence of Rahul Gandhi here on Wednesday.
Sources said Priyanka Gandhi is likely to take oath in the Lok Sabha on Thursday.
Leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi and conveyed their best wishes.
.webp)
The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.
About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
.webp)
.webp)
.webp)
.webp)
.webp)
