The National Stock Exchange (NSE) and its arm -- NSE Clearing (NCL) -- has agreed to pay a total of Rs 72.6 crore to settle the case pertaining to the February 2021 trading glitch, which had halted trading at the country’s largest bourse for nearly four hours.

NSE and NCL will pay Rs 49.77 crore and Rs 22.88 crore, respectively, for themselves and their employees, who will also have to undergo non-monetary punishment.

Shares of Shriram Finance hit a fresh 52-week high of Rs 1,715, and was frozen temporarily at the 10 per cent upper circuit on the National Stock Exchange (NSE) in Wednesday’s trade at 09:19 AM; after over 8 per cent of total equity of the non-banking finance company (NBFC) changed hands on the exchange.

Around 31.22 million shares representing 8.3 per cent of total equity of Shriram Finance worth of Rs 4,824 crore changed hands on the NSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

White House National Security Council (NSC) Coordinator for Strategic Communications John Kirby said on Tuesday said that it is up to India to decide to buy Russian oil and hoped that India will continue to buy Russian oil in keeping within the price cap.

Speaking on the price cap on Russian oil, Kirby said, "The price cap is working and proven effective. It's working and we are gratified to see that. It is up to India to decide and we hope that India will continue to buy oil in keeping within the price cap."

Prime Minister Narendra Modi, after reaching the John F Kennedy International Airport in New York, on Tuesday, said that he is looking forward to the programmes including interaction with thought leaders and the Yoga Day celebrations at UN headquarters.

Taking to Twitter, PM Modi said, "Landed in New York City. Looking forward to the programmes here including interaction with thought leaders and the Yoga Day programme tomorrow, 21st June."

Shares of Tata Motors rose 3 per cent to hit a fresh multi-year high of Rs 582.60 on the BSE in Tuesday’s rangebound trade on an improved business outlook. In comparison, the S&P BSE Sensex was down 0.10 per cent at 63,102 at 01:15 pm.

The stock of the Tata Group passenger cars & utility vehicles company was trading close to its record high level of Rs 606, touched on February 3, 2015. Thus far in the calendar year 2023, it has rallied 50 per cent as compared to a 3.2 per cent rise in the S&P BSE Sensex.

Daniel Zhang has announced that he will be resigning as Alibaba Group Holding chairman and chief executive officer (CEO) in order to focus on Alibaba Cloud, the digital technology and intelligence backbone of the group.

Zang, 51-year-old Chinese business executive, will be working in the company as chairman and CEO of Alibaba Cloud Intelligence Group, the company said in a statement on Tuesday. The change will take effect September 10, according to a report in the South China Morning Post.

The Securities and Exchange Board of India (Sebi) on Monday banned IIFL Securities from onboarding new clients for two years for alleged misuse of client funds.

As per the Sebi order, IIFL Securities was mixing clients’ funds with its own funds before using those mixed funds for its own proprietary usage.

The Nigerian health agency has flagged off two drugs — oral paracetamol and another cough medicine — manufactured by companies based in Mumbai and Punjab for being “sub-standard or found to be containing toxins”.

Nigeria’s National Agency for Food and Drugs Administration and Control (NAFDAC) found a batch of oral paracetamol suspension manufactured by Mumbai-based SyneCare containing toxins, it said in a notification dated June 12.

IndiGo has the flexibility to decide what would be the precise size of its aircraft fleet by 2035, its Chief Executive Officer (CEO) Pieter Elbers said on Monday.

IndiGo — the country’s largest airline — has 312 aircraft in its fleet. Elbers said the airline will double in size by 2030, indicating the airline will have a fleet of about 625 by 2030.

Former governor of the Reserve Bank of India (RBI) Raghuram Rajan has been under fire on social media for his remarks related to India on the path to being a superpower.

At an event, Rajan was asked if he could be seen as India's finance minister or Prime Minister in the coming decade. While answering, Rajan expressed his indifference towards India being a superpower. He said it was more important to fulfil the vision of Mahatma Gandhi.

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