Both the National Stock Exchange and the BSE merit a mention on Wednesday's top stories, with the NSE likely to receive SEBI's no-objection certificate for its initial public offering in two months, and the BSE being fined for failing to provide equal access to corporate disclosures to all stakeholders.
Global uncertainty emerging from the tariff shocks, rapid adoption of artificial intelligence and energy transition is unlike anything seen before, Infosys Ltd. Chairperson Nandan Nilekani said during the company's annual general meeting on Wednesday.
Here’s a quick roundup of today’s key headlines:
NSE Likely To Receive SEBI NOC For IPO In Two Months
The National Stock Exchange's initial public offering is likely to receive a no objection certificate in the next two months from the Securities and Exchange Board of India, people familiar with the matter told NDTV Profit. The NOC is to follow SEBI's acceptance of NSE's settlement amount offer of Rs 1,400 crore, they added.
Uncertainty Unlike Anything Seen Before, Says Nilekani
Global uncertainty emerging from the tariff shocks, rapid adoption of artificial intelligence and energy transition is unlike anything seen before, Infosys Ltd. Chairperson Nandan Nilekani said on Wednesday. "As we look around us, there is a perfect storm of multiple colliding trends that is raging," Nilekani told shareholders at the annual general meeting. "The world is shifting from a single global market to fragmented blocs, forcing companies to make strategic choices and navigate between regions."
SEBI Fines BSE
The Securities and Exchange Board of India on Wednesday placed a penalty of Rs 25 lakh on BSE Ltd. for failing to provide equal access to corporate disclosures to all stakeholders and take action against brokers with frequent modifications during trades. The market regulator passed the order after an inspection conducted between February 2021 and September 2022.
CBSE Two-Exam Board System Explained
The Central Board of Secondary Education on Wednesday decided to implement the policy of two board exams in Class 10 from 2026.
The plan was floated in the National Education Policy-2020 that aimed to eliminate the 'high stakes' aspect of CBSE board exams by allowing students to take board exams on up to two occasions during any given school year — one main examination and one for improvement.
Vodafone Aims For $2.9 Billion In Loans
Vodafone Idea Ltd. is talking to lenders to borrow about Rs 250 billion ($2.9 billion) in loans to bolster its network and compete better with large rivals, according to people familiar with the matter to Bloomberg.
The State Bank of India will likely lead a consortium of lenders, said the people who did not want to be named as the matter is private, adding the debt is expected to be a mix of domestic and foreign loans with a tenor of about 10 years.
Why Did Union Bank of India's ED Pankaj Dwivedi Get Demoted?
The demotion of Pankaj Dwivedi from executive director of Union Bank of India to general manager at Punjab & Sind Bank is more than an administrative reshuffle. It is the culmination of a legal challenge that has exposed critical lapses in governance and protocols. At the heart of the controversy lies a public interest litigation filed in 2024. This litigation questioned the legality of Dwivedi's appointment amid serious allegations of sexual harassment dating back to 2018.
Read the whole story here.
NATO Leaders Back Boost In Defence Spending
NATO leaders agreed to increase defence spending to 5% of GDP and renewed their "ironclad commitment" to mutual defence in an historic move that comes at the time of an increasingly belligerent Russia.
The decision from the North Atlantic Treaty Organization’s 32 members at their high-stakes summit in the Hague is a major win for Donald Trump who has repeatedly lambasted his European allies for underspending on security.
Cabinet Passes Resolution Condemning 1975 Emergency
The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday, condemned the imposition of Emergency five decades ago by the then PM Indira Gandhi.
In a resolution, the Cabinet labelled the date of imposition of Emergency—June 25, 1975—as "Samvidhan Hatya Divas" or the day when the Constitution was murdered.
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