NSE warns of regulatory, tech and AI risks as IPO papers reveal reliance on derivatives business

The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…

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India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain

Thousands of Indian professionals working in Britain through Indian employers will stop paying dual social security contributions from July 15, with officials estimating that 90-95% of such workers will benefit from the India-UK social security pact coming into force alongside the free trade agreement.The Agreement on Social Security, or Double Contribution Convention (DCC), is expected…

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Stock Market Live Updates Today: BSE Sensex, Nifty50 open flat in trade as US-Iran sign MoU; crude oil prices drop further

Sensex Today Live: ’Technical setup remains constructive’ “Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading at 24,099, up by 10 points. Asian markets opened mixed with a positive bias, while US equity futures recovered part of their losses after the hawkish FOMC outcome. Improved global sentiment following…

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Trade deal with UK set to kick in from July 15

NEW DELHI: The India-UK free trade agreement (FTA) and the social security deal are set to be operationalised from July 15 after talks between PM Narendra Modi and his counterpart Keir Starmer in Evian on Wednesday.“We have got an even solution that balances the interests of our stakeholders on the issue of steel,” a senior…

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