The valuations in the stock markets are still too high and fundamentals need to catch up with them, according to a top official of NSE.
NSE is working with international bourses and index providers to facilitate an orderly transition that is not disruptive to the markets and stakeholders.
"India will have one lakh startups by 2025 employing 3.25 mn people and creating USD 500 bn in value," Pai said.
Concerned over SGX plan to launch single future stocks of Nifty 50 companies, Limaye said the move will shift liquidity out of Indian markets.
NSE enabled e-mandate facility on its mutual fund platform, a move which will help fund distributors reduce the time taken for registration of SIP.
Vikram Limaye, who took over as the NSE's chief in July, spoke to about the changes he is making, his ambitions for the exchange and the latest on the probe and the IPO.
"The exchange has filed an application today with Sebi for settlement of the co-location issue under the consent process," NSE said.
"My immediate priorities will be to focus on some of the regulatory issues, that the NSE is facing."
NSE got market regulator Sebi's approval for appointment of Vikram Limaye as its next chief.
Newly appointed NSE chief Vikram Limaye will get a pay package nearly double the combined salaries drawn by the CEOs of rival exchanges BSE and MSEI in the last fiscal
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months