The Central Bureau of Investigation (CBI), which arrested the former Managing Director (MD) and Chief Executive Officer (CEO) of National Stock Exchange (NSE) Chitra Ramkrishna on Sunday night, is likely to seek two week custodial remand of her.
Sources in the CBI said that she would be produced along with NSE's former Group Operating Officer (GOO) Anand Subramanian. The agency will seek custodial remand of both of them.
The CBI has arrested former Group Operating Officer of National Stock Exchange Anand Subramanian after expanding its three-year probe into the co-location scam in the exchange in view of "fresh facts" that emerged in a damning Sebi report referring to a mysterious Yogi which was guiding actions of former CEO Chitra Ramkrishna and other irregularities, officials said on Friday.
Subramanian was taken into custody late Thursday night in Chennai, Tamil Nadu, they said.
The market regulator has sent notices to top executives of the National Stock Exchange (NSE) for a glitch that halted trading on February 24, the 'Economic Times' reported on Wednesday citing unnamed sources.
It is the first time that the Securities and Exchange Board of India (Sebi) has held exchange employees personally liable for trade disruptions, the paper said.
Shares of Punjab National Bank (PNB) slipped 8 per cent to Rs 37.25 on the BSE on Wednesday, falling 10 per cent in the past two trading days after the bank announced the opening of qualified institutional placement (QIP) issue on Tuesday. However, the share price of the state-owned lender has fallen below the QIP floor price of Rs 37.35 per share.
In the past month, the stock has run up strongly, rallying nearly 40 per cent till Monday. At 09:44 am, the stock was trading 6 per cent lower at Rs 38.15, as compared to 0.71 per cent rise in the S&P BSE Sensex. The counter has seen huge trading volumes, with a combined 87 million equity shares were changing hands on the NSE and BSE.
Shares of Manappuram Finance slipped 6 per cent to Rs 174 on the BSE in the early morning deal on Tuesday after nearly 5 per cent of total equity of gold finance company changed hands via block deals.
At 09:15 am, around 43.05 million shares of Manappuram Finance have changed hands via block deals on the BSE, the exchange data shows. The name of the buyers and sellers were not ascertained immediately.
Shares of Rallis India continued their northward march and rallied 7 per cent on Wednesday to hit 21-month high level of Rs 247 on the BSE. The stock of the Tata Group agrochemicals company was trading at its highest level since April 25, 2018.
Thus far in January, Rallis has zoomed 47 per cent after it delivered an all-round performance in Q3 on the back of a 35 per cent yoy growth in the domestic business. This is Rallis' best performance in the last six years, albeit on a low base.
Shares of HDFC advanced 3.13 per cent to Rs 2,470.85 on the BSE on Tuesday after the housing finance firm posted a strong December quarter result on Monday. The non-banking finance company (NBFC) reported a 219 per cent rise in profit before tax (PBT) at Rs 9,143 crore in the third quarter of the current financial year mainly aided by a one-time fair value gain of Rs 9,020 crore.
At 9:41 am, the stock was trading 2.47 per cent higher at Rs 2,454.9 apiece on the BSE, as against a 0.3 per cent rise in the S&P BSE Sensex. So far, over 2.36 million shares have changed hands on the counter on the NSE and BSE.
Private lender Axis Bank surged as much as 3.4 per cent, to Rs 737.3 on the BSE, in the early trade on Thursday after the bank's loan growth touched a 7 quarter high during the December quarter of FY20 despite the slowdown in the economy. That apart, the bank's provisions declined 1.34 per cent sequentially to Rs 3,470.92 crore in Q3FY20.
The bank's loan book for the quarter ended December 31, 2019 stood at Rs 5.5 lakh crore, up 16 per cent year-on-year.
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