Explained: Why IEX shares surged sharply in early trade

Shares of the Indian Energy Exchange (IEX) surged sharply during Friday’s early session on the Bombay Stock Exchange (BSE). IEX shares hit the 10 per cent upper circuit level earlier in the day following an announcement on Thursday by its board. While the stock lost momentum during afternoon trade, it was still…

Sebi Mulls Rules to Make Controlling Shareholders Accountable

Sebi, the capital markets regulator, is considering rule changes to hold controlling stakeholders accountable from the current structure that focuses on regulating the so-called promoters or founders, as more companies with diversified shareholdings line up for initial public offerings. “With almost all…