Latest news with #Paliwal
Time of India
11-07-2025
- Business
- Time of India
Jane Street fallout hits NSE's pre-IPO valuation
A temporary trading ban imposed by India's securities regulator on Jane Street Group LLC is fueling concerns that volumes in the nation's bustling derivatives market may drop, hurting business at the top exchange. Shares of National Stock Exchange of India Ltd., which commands over 90% of the equity derivatives space, have fallen almost 10% from their recent highs in the private market. They are changing hands at about 2,100 rupees to 2,150 rupees apiece, according to Umesh Chandra Paliwal, co-founder of trading platform UnlistedZone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo The drop in NSE's unlisted shares follows a stunning surge since late October, fueled by hopes for a listing of the world's biggest equity-derivatives bourse. Shares recently climbed as high as 2,400 rupees after the exchange sought to settle a longstanding legal dispute with India's securities regulator, a step seen as clearing a key hurdle for its IPO . At that price, NSE was valued at about $69 billion, ahead of global peers like Deutsche Boerse AG and Nasdaq Inc., according to data compiled by Bloomberg. 'The Jane Street issue has led to worry that derivative volumes could be impacted, which directly affects the NSE,' Paliwal said. Bloomberg Live Events The slide in NSE's unlisted shares mirrors the move in smaller rival BSE Ltd. 's publicly listed stock. Shares of Asia's oldest exchange, which marked its 150th anniversary this week, are down 12% since SEBI announced its curbs on Jane Street. A Bloomberg index of shares of 12 listed Indian capital markets firms, which includes brokerages and asset managers, is also down about 3% since SEBI's action. Traders have expressed concerns that the Jane Street episode will prompt the Securities and Exchange Board of India to tighten trading rules further to prevent any instances of manipulation, likely adding to headwinds that have kept NSE's listing plans on hold for nearly a decade. Read more: Top Indian Exchange's Valuation Jumps 60% With IPO Looming An email and a phone call to NSE's representative went unanswered. The exchange has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. The NSE earned a profit of about 122 billion rupees on a revenue of 171 billion rupees in the fiscal year ended March, according to its website. Transaction charges accounted for about two-thirds of its top line. The regulator temporarily banned Jane Street from the local market, alleging it mislead retail participants through alleged index manipulation. The trading giant has disputed the claims. The NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
Economic Times
11-07-2025
- Business
- Economic Times
Jane Street fallout hits NSE's pre-IPO valuation
A temporary trading ban imposed by India's securities regulator on Jane Street Group LLC is fueling concerns that volumes in the nation's bustling derivatives market may drop, hurting business at the top exchange. ADVERTISEMENT Shares of National Stock Exchange of India Ltd., which commands over 90% of the equity derivatives space, have fallen almost 10% from their recent highs in the private market. They are changing hands at about 2,100 rupees to 2,150 rupees apiece, according to Umesh Chandra Paliwal, co-founder of trading platform UnlistedZone. The drop in NSE's unlisted shares follows a stunning surge since late October, fueled by hopes for a listing of the world's biggest equity-derivatives bourse. Shares recently climbed as high as 2,400 rupees after the exchange sought to settle a longstanding legal dispute with India's securities regulator, a step seen as clearing a key hurdle for its IPO. At that price, NSE was valued at about $69 billion, ahead of global peers like Deutsche Boerse AG and Nasdaq Inc., according to data compiled by Bloomberg. 'The Jane Street issue has led to worry that derivative volumes could be impacted, which directly affects the NSE,' Paliwal said. The slide in NSE's unlisted shares mirrors the move in smaller rival BSE Ltd.'s publicly listed stock. Shares of Asia's oldest exchange, which marked its 150th anniversary this week, are down 12% since SEBI announced its curbs on Jane Street. ADVERTISEMENT A Bloomberg index of shares of 12 listed Indian capital markets firms, which includes brokerages and asset managers, is also down about 3% since SEBI's action. Traders have expressed concerns that the Jane Street episode will prompt the Securities and Exchange Board of India to tighten trading rules further to prevent any instances of manipulation, likely adding to headwinds that have kept NSE's listing plans on hold for nearly a decade. ADVERTISEMENT Read more: Top Indian Exchange's Valuation Jumps 60% With IPO LoomingAn email and a phone call to NSE's representative went unanswered. ADVERTISEMENT The exchange has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its NSE earned a profit of about 122 billion rupees on a revenue of 171 billion rupees in the fiscal year ended March, according to its website. Transaction charges accounted for about two-thirds of its top line. ADVERTISEMENT The regulator temporarily banned Jane Street from the local market, alleging it mislead retail participants through alleged index manipulation. The trading giant has disputed the claims. The NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
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Business Standard
11-07-2025
- Business
- Business Standard
Jane Street fallout hits NSE's pre-IPO valuation, sparks market concerns
The drop in NSE's unlisted shares follows a stunning surge since late October, fueled by hopes for a listing of the world's biggest equity-derivatives bourse Bloomberg A temporary trading ban imposed by India's securities regulator on Jane Street Group LLC is fueling concerns that volumes in the nation's bustling derivatives market may drop, hurting business at the top exchange. Shares of National Stock Exchange of India Ltd., which commands over 90 per cent of the equity derivatives space, have fallen almost 10 per cent from their recent highs in the private market. They are changing hands at about ₹2,100 to ₹2,150 apiece, according to Umesh Chandra Paliwal, co-founder of trading platform UnlistedZone. The drop in NSE's unlisted shares follows a stunning surge since late October, fueled by hopes for a listing of the world's biggest equity-derivatives bourse. Shares recently climbed as high as ₹2,400 after the exchange sought to settle a longstanding legal dispute with India's securities regulator, a step seen as clearing a key hurdle for its IPO. At that price, NSE was valued at about $69 billion, ahead of global peers like Deutsche Boerse AG and Nasdaq Inc., according to data compiled by Bloomberg. 'The Jane Street issue has led to worry that derivative volumes could be impacted, which directly affects the NSE,' Paliwal said. The slide in NSE's unlisted shares mirrors the move in smaller rival BSE Ltd.'s publicly listed stock. Shares of Asia's oldest exchange, which marked its 150th anniversary this week, are down 12 per cent since Sebi announced its curbs on Jane Street. A Bloomberg index of shares of 12 listed Indian capital markets firms, which includes brokerages and asset managers, is also down about 3 per cent since Sebi's action. Traders have expressed concerns that the Jane Street episode will prompt the Securities and Exchange Board of India to tighten trading rules further to prevent any instances of manipulation, likely adding to headwinds that have kept NSE's listing plans on hold for nearly a decade. The exchange has almost 2.5 billion shares outstanding in private markets. Some 64 per cent of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. The NSE earned a profit of about ₹12,200 crore on a revenue of ₹17,100 crore in the fiscal year ended March, according to its website. Transactions charges accounted for about two-thirds of its top line. The regulator temporarily banned Jane Street from the local market, alleging it mislead retail participants through alleged index manipulation. The trading giant has disputed the claims. The NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
The Hindu
03-07-2025
- Business
- The Hindu
T.N. government has been pushing for port automation and sustainability, says Chennai Port Authority Chairman
From green tugs to onshore power supply for vessels, a slew of projects is coming up at Chennai and Kamarajar Ports, Sunil Paliwal, Chairman, Chennai Port Authority, said here on Thursday. While speaking at the sixth edition of the Southern Regional Shipping Conclave, organised by the Southern India Chamber of Commerce and Industry (SICCI) and the Association of Multimodal Transport Operators of India (AMTOI), he said the State was pushing for port automation and sustainability. He noted how green tugs at the ports would lower carbon emissions substantially. Mr. Paliwal spoke on the adoption of the latest technologies at the ports. 'For the first time in the country, we have attempted to provide onshore power to commercial vessels at Kamarajar Port,' he said. He added that a modern parking plaza had been built to decrease congestion at Chennai Port. 'Also, a multi-modal logistics park, an important project that is part of the National Logistics Policy, is coming up, and its first phase will be implemented in February 2026,' he added. Naveen Prakash, chair, SICCI supply chain management, and director, Global Logistics, said the logistics and shipping landscape was undergoing a significant shift. 'What was once a largely manufacturing sector is now rapidly transforming, powered by automation, artificial intelligence, block chain, internet of things, and real-time data platforms. This convergence of technology is not only improving cross efficiency and delivery accuracy but also fundamentally redefining the way we think about logistics,' he added. Bana Bihari Nayak, Managing Director, Tamil Nadu Apex Skill Development Centre for Logistics, said the State government had established the centre to address the critical need of developing human capital for the ever-expanding logistics sector. Over 1.84 lakh individuals have been trained so far through initiatives including the Naan Mudhalvan Scheme, he added.
Time of India
15-05-2025
- Health
- Time of India
Indo-Pak conflict exposes healthcare gaps in border areas
Jaipur: The Indo-Pak conflict exposed the fragile healthcare facilities in districts close to the international border. However, the conflict was a blessing in disguise for the residents of Jaisalmer, as the health department filled the vacant posts of doctors and paramedical staff in the district within just a week. Tired of too many ads? go ad free now Keeping in mind the emergency situation due to the conflict, and considering it was one of the most vulnerable districts, the state govt took immediate measures to ensure proper healthcare facilities. Taking it seriously, the health department filled the vacant posts in Jaisalmer district, which was highly sensitive during the conflict. The state govt made postings of doctors, nurses, pharmacists, and community health officers in significant numbers over the past few days amid the Indo-Pak conflict. "Under the emergency plan, the health department appointed 35 doctors for Jaisalmer, including 26 who were awaiting posting orders for some time, while nine doctors are senior resident doctors," said Dr Rajendra Paliwal, chief medical health officer (Jaisalmer). Despite the posting of 35 doctors, the posts of doctors are still vacant in the district, especially specialist doctors in community health centres (CHC). Dr Paliwal expressed hope that Jaisalmer would soon get more specialist doctors for the vacant posts. In the district, 31 posts of pharmacists were vacant, which have now been filled. On Wednesday, the health department gave postings to 31 pharmacists in Jaisalmer. The state govt also filled the vacant posts of community health officers (CHOs). There were 161 CHO posts vacant, and all have been filled in the last week. Tired of too many ads? go ad free now The district has 32 primary health centres, 10 community health centres, two district hospitals, and 10 Janta clinics. Dr Paliwal said, "Though the district had a shortage of doctors, there is not a single hospital, CHC, or PHC without the posting of a doctor." He added, "The health minister is focusing on the district, keeping in mind its difficult geographical location." In the last week, Jaisalmer received 27-28 nurses, but still, 20-25 nurse posts remain vacant. Since the district is situated deep within the Thar Desert, with the population residing at long distances, it is one of the most challenging districts for ensuring healthcare facilities. Jaisalmer has never been an attractive place for doctors or other healthcare staff for posting due to its difficult working conditions.
