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The National Stock Exchange (NSE) on Monday reported a 57 per cent year-on-year surge in consolidated net profit to Rs 3,137 crore for the September quarter. The exchange posted a total income of Rs 5,023 crore during the July-September period of the current financial year (FY25), up 25 per cent on a year-on-year basis. Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly include clearing services, data centre & connectivity charges, listing services, index services, and data services, the exchange said in a statement. Its earnings per share (non-annualised) increased to Rs 12.68 in the second quarter of the ongoing fiscal year from Rs 8.08 a year ago, after considering the issuance of bonus equity shares in the ratio of 4:1. For the half-year ended September 30, 2024, the NSE reported a total income of Rs 9,974 crore with net profit of Rs 5,704 crore. The exchange contributed Rs 30,130 crore to the exchequer in the first
The Bombay High Court has directed social media intermediaries to take prompt action against alleged deepfake videos of NSE's managing director and chief executive officer giving stock recommendations. A single bench of Justice R I Chagla in the order of July 16 also directed social media platforms like Facebook, WhatsApp, Instagram and Telegram to remove or delete all accounts infringing upon the trademark of NSE (National Stock Exchange of India Limited). The balance of convenience also lies in favour of the Plaintiff (NSE) and irreparable loss and/or harm will be caused to the Plaintiff, unless the ad-interim (temporary) relief sought for is granted, the HC said. The bench directed the social media platforms to remove or delete the content within ten hours upon receiving a complaint against such morphed videos and profiles where the plaintiff's trademark is infringed. The court said social media firms are mandated by the Information Technology Rules to take prompt action on the
Solid surface manufacturer Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, Durlax Top Surface said in the statement. The company has fixed the price band at Rs 65-68 per share for the issue of 60 lakh shares which will open for subscription from June 19 to June 21, it added. The IPO comprises a fresh issue of 42 lakh shares worth up to Rs 28.56 crore and an Offer for Sale of 18 lakh shares worth up to Rs 12.24 crore. Out of the fresh issue of Rs 28.56 crore, the company plans to utilise Rs 17.50 crore to part finance working capital requirements and Rs 6 crore towards general corporate purposes. Investors can bid for a minimum of 2,000 shares and in multiples thereof. Promot