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Chitra Ramkrishna (born 1963) is an Indian businesswoman and the former Chief Executive Officer of National Stock Exchange (NSE). In March 2022, she was arrested by the Central Bureau of Investigation (CBI) for her involvement in the co-location scam. [1]
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange.Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, [1] [2] possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based ...
The SEBI were to monitor the NSE and the National Securities Depository. For the equity market, the government introduced ten acts of parliament and one constitutional amendment based upon the principles of economic reform and legislative changes. [27] The introduction of online trading by NSE changed the dynamics of stock buying and selling.
Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire ...
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$26 billion in 2023)) led him to gain infamy for market manipulation.
Corruption in India is an issue which affects economy of central, state, and local government agencies. Corruption is blamed for stunting the economy of India. [1] A study conducted by Transparency International in 2005 recorded that more than 62% of Indians had at some point or another paid a bribe to a public official to get a job done.
NSE has also provided mock market simulation software called NSE Learn to Trade (NLT) to develop investment, trading, and portfolio management skills among the students. [62] The simulation software is very similar to the software currently being used by the market professionals and helps students to learn how to trade in the markets.
The NSE shares started trading on the Main Investment Market Segment of the exchange on 9 September 2014. [18] The NSE added two new listings in November 2014, the Flame Tree Group, [19] an FMCG company and Kurwitu Ventures, [20] a Sharia compliant investment company. Both were listed in the Growth Enterprise Market Segment by way of introduction.