Deutsche Bank plans trading platform
Mumbai: Deutsche Bank is planning to set up a sales trading and research platform in Mumbai.

With the sales trading and research platform, overseas clients will have a good database about different Indian technology companies.

The platform will be helpful both for Indian and overseas companies looking at investing in the country.
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Sebi amends PSU open-offer pricing
Mumbai: The Securities and Exchange Board of India (Sebi) has ratified certain pricing policies applicable to the acquirer of a public sector unit (PSU) through the disinvestment route.

The offer pricing would be the six-monthly average price starting from the date when the government opens the bids, according to the Sebi.

Earlier, the department of disinvestment had made a representation to Sebi demanding the open offer price at which the government stake was sold.
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DSE seeks BSE membership
New Delhi: The governing board of the Bombay Stock Exchange (BSE) has approved the membership of Delhi Stock Exchange (DSE) paving the way for merger of both bourses enabling DSE brokers to commence trading on BSE terminals by April.

The BSE governing board has accepted the application of the DSE Financial Services, a wholly-owned subsidiary of the DSE.

DSE has already paid the initial amount of Rs 50 lakh towards procuring the membership, while the balance Rs 15.07 lakh would be paid at the time of commencement of trading by DSE broker members on the BSE terminals.

So far, nearly 92 brokers have joined the DSE Financial Services and paid initial payment of Rs 1 lakh each and rest Rs 1.5 lakh would be given at the time when it becomes operational.
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