National Securities Clearing Corporation

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  Junaid Mattu Becomes Srinagar Mayor With BJP Support

  Former National Conference leader Junaid Azim Mattu, who quit the party to contest the urban local body polls in Jammu and Kashmir, was elected Mayor of the Srinagar Municipal Corporation (SMC) on Tuesday with the support from the BJP and the Peoples Conference. Mr Mattu secured 40 votes while Congress candidate for the mayoral post Ghulam Rasool H...

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  BJP Wins Election To Jammu Civic Body, Suffers Losses In Other Districts

  The BJP has emerged as the clear winner of Jammu province in the urban local body polls conducted earlier this month, securing seven of the region's 10 districts. However, while the party managed to hold on to its traditional stronghold, it ended up losing many municipal committees to Independent candidates as well as rival parties.

• FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation

  Financial Technologies India Ltd (FTIL) has begun the process of selling its 23 per cent stake in MCX-SX Clearing Corporation Ltd (MCX-SX CCL) in order to comply with a Securities and Exchange Board of India order.

• Crisil Assigns Highest Corporate Credit Rating to NSCCL

  NSCCL is the clearing and settlement agency for all deals executed on the derivatives (futures and options) segment.

• Sebi Grants Conditional Renewal to MCX-SX Clearing Corporation

  The Securities and Exchange Board of India (Sebi) on Monday granted conditional one-year renewal of recognition to MCX-SX Clearing Corporation, which were among the entities in which Jignesh Shah-led Financial Tech or FTIL was asked by the regulator to divest its stake.

• Financial Tech Moves Tribunal Against Sebi Order on 'Fit and Proper' Status

  Financial Technologies (India) Ltd, promoted by Jignesh Shah, has moved the Securities Appellate Tribunal challenging the Securities and Exchange Board of India's ruling that the company was not fit to have stake in any stock exchange.

• Sebi grants new status to three clearing corporations

  Market regulator Securities and Exchange Board of India (Sebi) has granted qualified central counterparty status to three clearing corporations - National Securities Clearing Corporation, Indian Clearing Corporation and MCX-SX Clearing Corporation.

• Sebi rejigs advisory panels on clearing corporations, risk management

  Market regulator Securities and Exchange Board of India (Sebi) has reconstituted two of its key advisory committees, which are mandated to give suggestions on regulation for clearing corporations and risk management review system.

• NSEL crisis: Sebi tightens screws on MCX Stock Exchange

  As the crisis at National Spot Exchange Ltd (NSEL) continues to deepen, its group entity MCX Stock Exchange was asked by market regulator Securities and Exchange Board of India (Sebi) on Wednesday to strengthen its governance structure to continue remaining a recognised bourse.