“NSE has sought a confirmation of compliance from companies-probably to ensure whether companies have been maintaining information in a duly compliant manner. The current move seems to be in line with Sebi’s objective of curbing insider trading and to review the compliance status of databases maintained by listed entities,” said Moin Ladha, partner at the law firm Khaitan & Co.
Gloabl Markets: Asian stocks dip as traders await ceasefire news
Asian stocks declined as investors reduced holdings ahead of the weekend, awaiting progress on extending the US-Iran ceasefire. This follows a global equity rally driven