Top headlines: India to buy 10 mn doses of ZyCoV-D; Britannia Q2 net falls

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Stock exchanges to start T+1 settlement cycle from Feb 25, 2022 in phases

India’s stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation.

From March 2022, on the last Friday (or the immediate next trading day) of every month, the next bottom 500 stocks by market cap will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors, ample time to shift to the shorter cycle. Read more

Uphaar fire case: Ansal brothers