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Sebi to introduce one-hour trade settlements soon

Updated at : 2023-09-06 07:25:01

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"India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time," said Buch at the Global Fintech Fest.

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Lawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last year from the bankruptcies of five major crypto firms, including the digital currency exchange FTX, according to a New York Times analysis of court records. That sum is likely to grow significantly as the cases unfold over the coming months.

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"There is never a day that I would not buy more equity in Paytm," Sharma told Bloomberg News in an interview on Monday. "The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone."

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​​According to an analysis by Nuvama Alternative & Quantitative Research, this may trigger the sale of 105 million shares worth around $325 million (about ₹2,700 crore) by passive funds.

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The U.S. dollar index - which measures the currency against six major counterparts - was up 0.63% at 104.81. The index hit a near 6-month high of 104.85 earlier in the session

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We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks.

According to Siddharth Vora, Head of Investment Strategy and Fund Manager – PMS, Prabhudas Lilladher, AQUA leverages the synergies of PL’s equity research capabilities and eight decades of investing wisdom combined with cutting-edge technology and the discipline of quantitative methods to ensure repeatable investment outcomes for sustainable outperformance for our investors

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Brent crude futures for November were up $1.44, or about 1.6%, to $90.44 a barrel by 1334 GMT, eclipsing the $90 level for the first time since last November.

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The company may also consider a pre-IPO placement aggregating up to Rs 40 crore and if such placement is completed, the size of the fresh issue will be reduced.

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SAMHI Hotels had filed preliminary IPO papers with Sebi in March. The issue comprises a fresh equity of Rs 1,000 crore and an OFS of 9 million shares by selling shareholders.

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