Category: News in Financial Sector

Apr 24

Algorithms had no role to play in Nifty fall

More details are emerging on Friday’s ‘flash crash’ incident. In a communique to trading members, the National Stock Exchange (NSE) on Monday revealed that algorithms had no role to play in S&P CNX Nifty futures’ near-seven per cent crash within the space of a few minutes last week. Such a message was put out by […]
Apr 24

Tough road ahead on financial sector reforms bills

Even as the Union government has assured legislation on reforms in the sectors of pension, insurance and banking this year, the road ahead might not be that comfortable for these financial sector Bills. For, the main opposition Bharatiya Janata Party (BJP) has strong reservations over the proposed legislation and wants the government to build consensus […]