Latest news with #RuchiBhatia
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Business Standard
26-05-2025
- Business
- Business Standard
National Stock Exchange offers $118 mn to settle Sebi case, revive IPO
The NSE in October paid Rs 6,400 crore to the regulator to settle a case involving alleged unfair access to its trading platform Bloomberg By Savio Shetty, Ruchi Bhatia and Chiranjivi Chakraborty The National Stock Exchange of India Ltd. is said to be offering a record amount of about Rs 1,000 crore ($118 million) to settle a longstanding dispute with the country's market regulator, according to a person involved in the discussions, likely paving the way for its public listing. The Securities and Exchange Board of India will discuss the offer, and a decision is expected soon, people familiar with the matter said, asking not to be identified as the discussions are private. The regulator is inclined to settle the legal issue, they said, which would enable the world's largest derivative exchange by contracts to secure a no-objection certificate. Sebi had previously halted NSE's listing plans due to several ongoing cases dating back to 2015, involving allegations that some high-speed traders gained unfair access to its co-location servers. The regulator's investigation not only derailed the exchange's IPO ambitions in 2016, but also later resulted in the NSE being banned from accessing capital markets for six months. The NSE in October paid Rs 6,400 crore to the regulator to settle a case involving alleged unfair access to its trading platform. Signs of a potential settlement emerged after Sebi's newly appointed Chairman Tuhin Kanta Pandey said last week that the regulator is working closely with the NSE to resolve issues hindering its IPO. Following the exchange's annual earnings earlier this month, Chief Executive Officer Ashish Kumar Chauhan told analysts and investors that the regulator had identified four areas requiring resolution, including pending legal cases. Meanwhile, investor interest in NSE remains robust. The exchange, backed by investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, has seen its private market valuation jump from $36 billion in September to $50 billion, according to a marketing material posted on Linkedin last week by US-based investment firm Drew Investments.
Bloomberg
09-05-2025
- Business
- Bloomberg
IMF Approves $1 Billion Pakistan Payment Over India's Objection
By and Ruchi Bhatia Save The International Monetary Fund 's executive board on Friday approved a roughly $1 billion loan disbursements to Pakistan, bringing some relief for the nation's fragile finances amid its worsening conflict with neighboring India. While a board vote on such a payment is typically a formality — essentially ratifying a deal hammered out in March between IMF staff and the government — the recent escalation in hostilities between the nuclear-armed neighbors put the decision in focus.
Yahoo
09-05-2025
- Politics
- Yahoo
India, Pakistan Military Strikes: What You Need to Know
India conducted targeted military strikes against Pakistan, which said it retaliated in expected tit-for-tat blows after a militant attack last month in Kashmir that killed 26 people. India said in a statement early Wednesday that it conducted "a precise and restrained response" that was "designed to be non-escalatory in nature." Bloomberg's Ruchi Bhatia reports. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
29-04-2025
- Business
- Bloomberg
Unilever, Reliance See Signs of Consumer Demand Revival in India
By and Ruchi Bhatia Save Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Consumers companies are seeing early signs of demand pick up among the 400-million strong group of urban shoppers in India, providing a buffer to any volatility that might be unleashed by the country's trade negotiations with the US.
Bloomberg
28-03-2025
- Business
- Bloomberg
India Considers Lowering Tariffs on Farm Goods After US Demands
By , Ruchi Bhatia, and Pratik Parija Save Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India is reviewing US demands it cut import duties on farm goods and significantly reduce other barriers, people familiar with the matter said, as officials in New Delhi press for an exemption from President Donald Trump's reciprocal tariffs next week.
