Tuesday, January 31, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Latest updates

BSE’s Ashishkumar Chauhan may succeed Vikram Limaye as next MD & CEO of National Stock Exchange

Updates Finance by Updates Finance
July 17, 2022
in Latest updates
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Joshimath: Chamoli DM suggests three options for settlement of displaced people

Assam Rifles, NSCM(IM) face-off averted in Nagaland

J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules


Ashishkumar Chauhan is likely to succeed Vikram Limaye, an outgoing managing director and chief executive officer of the National Stock Exchange, with capital markets regulator Sebi clearing his appointment, sources said on Sunday.

Chauhan, who is currently the MD and CEO of BSE, will be appointed for a period of five years, they added.

He will be taking over the helm of NSE from Vikram Limaye, whose five-year term ended on Saturday. Limaye did not seek another term at the National Stock Exchange (NSE) despite being eligible.

Chauhan, who is one of the founders of NSE, faces the uphill battle of guiding the exchange at a time when it is facing regulatory probes pertaining to governance lapses as well as a scam related to its co-location facility.

The co-location case resulted in the ouster and later arrest of its former MD and CEO Chitra Ramkrishna.

Chauhan, a technocrat from IIT and IIM, is considered the father of modern financial derivatives in India due to his work in the area during 1993-2000.

He is also the creator of the Nifty index and was in charge of creating the first screen-based trading. He started his career as a banker with IDBI.

At BSE since 2009, Chauhan has helped it become the world’s fastest exchange with 6 microseconds response time, revived its revenues, introduced mobile stock trading to India, diversified into new areas including currency, commodities and equity derivatives, SMEs, start-ups, mutual fund and insurance distribution, spot markets and power trading.

In addition, Chauhan has the experience of successfully handling the IPO of BSE. This was one of the attributes NSE was looking for in its next chief.

The NSE has been planning to come out with its initial share sale since long. However, its plan to go public got derailed after the bourse got embroiled in the co-location controversy, where certain brokers were allegedly given unfair access to the exchange’s data feeds over other members.

On March 4, NSE invited applications from candidates for the role of MD and CEO. The applications were invited from candidates having IPO (initial public offering) experience.





Source link

Tags: AshishkumarBSEsCEOChauhanExchangeLimayeNationalStockSucceedVikram
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Joshimath: Chamoli DM suggests three options for settlement of displaced people

by Updates Finance
January 30, 2023
0

Joshimath crisis: Chamoli District Magistrate Himanshu Khurana on Monday suggested three options for the settlement of the displaced people in land subsidence-hit Joshimath, officials said. Khurana who heads a...

Read more

Assam Rifles, NSCM(IM) face-off averted in Nagaland

by Updates Finance
January 30, 2023
0

A face-off between Assam Rifles and National Socialist Council of Nagaland (Isak-Muivah) was averted on January 27 after the Central Armed Police Force’s (CAPF’s) patrolling party encountered a...

Read more

J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules

by Updates Finance
January 30, 2023
0

A federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic...

Read more

Ford drops prices on electric Mustang to stay within range of Tesla

by Updates Finance
January 30, 2023
0

Justin Sullivan/Getty Images News Ford Motor (NYSE:F) lowered pricing on the electric Mustang Mach-E crossover by an average of $4.5K. The biggest price cut on a dollar basis...

Read more

Swedish and Finnish Nato bids may be treated ‘separately’, Turkey warns

by Updates Finance
January 30, 2023
0

Turkey has suggested supporting the bid by Finland to join Nato while blocking Sweden, highlighting the deteriorating relations between Ankara and Stockholm after a rightwing activist desecrated a...

Read more
Next Post

Harmonic Pattern Scanner - Trading Systems - 17 July 2022

Related News

Amazon Q2 Earnings – Hidden Gems (NASDAQ:AMZN)

August 1, 2022

Singapore Airlines Premium Economy Review

December 28, 2022

Swiss Re makes global insurance premium forecast

July 14, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Meta earnings report will provide hint at how online ads are doing
  • Intel’s 31TB SSD sees huge price drop at Walmart but it won’t fit your PC

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?