GOING SHORT
Business Today India|April 28, 2024
The T+O settlement cycle brings with it many benefits, including cost and time efficiency
ASHISH RUKHAIYAR
GOING SHORT

MADHABI PURI BUCH, the first woman chief of India's capital markets regulator, the Securities and Exchange Board of India (Sebi), is not known for pulling punches. If proof was needed of that trait, there was her speech at the CII Corporate Governance Summit on April 2.

"There was a time when we, as Indians, used to sit in the last row of global forums. Today we sit centre stage... People turn to India and ask us for guidance and advice. We sit there as panellists in discussions. We are not in the last row. We are sitting in centre stage, receiving awards and giving guidance to the rest of the world on how we have implemented cutting-edge technology."

That statement came less than a fortnight after Sebi approved the T+o settlement cycle for stocks, a global first, and four days after a select set of 25 stocks went live with the facility on March 28, in the process putting the Indian equity market at the forefront of innovation in financial regulation.

"Our T+o was itself a global first; there was no other large market that had implemented it," she had said.

T+o refers to a mechanism wherein the shares or the sale proceeds of the shares-depending on whether it is a buy or sell transaction are credited to the demat or the bank account on the day of the transaction. For other stocks, the credit occurs the day after the transaction, or T+1.

Diese Geschichte stammt aus der April 28, 2024-Ausgabe von Business Today India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der April 28, 2024-Ausgabe von Business Today India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS TODAY INDIAAlle anzeigen
"Attitude Decides Altitude"
Business Today India

"Attitude Decides Altitude"

BEST ADVICE - RAJNEET KOHLI, CEO & EXECUTIVE DIRECTOR, BRITANNIA INDUSTRIES LTD

time-read
1 min  |
December 22, 2024
"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"
Business Today India

"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"

Thomas Matthew, former IAS officer, on his new biography of Ratan Tata, the late Chairman Emeritus of Tata Sons

time-read
3 Minuten  |
December 22, 2024
"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"
Business Today India

"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"

K.P. Singh, Chairman Emeritus of DLF, on the dynamic nature of the real estate sector, challenges in urban planning, and more

time-read
3 Minuten  |
December 22, 2024
REDEFINING AMBITION
Business Today India

REDEFINING AMBITION

Shashikant Ruia was a visionary entrepreneur who navigated challenges with resilience. He leaves behind a rich legacy of ambition and leadership

time-read
3 Minuten  |
December 22, 2024
ON THE WILD SIDE
Business Today India

ON THE WILD SIDE

LOVE WILDLIFE BUT DON'T WANT TO GIVE UP ON THE FINER THINGS WHILE ON A TRIP TO SPOT ANIMALS? CHECK OUT THESE LUXURIOUS WILDLIFE RESORTS FOR THE HOLIDAY SEASON

time-read
3 Minuten  |
December 22, 2024
"India is the only market globally with substantial growth"
Business Today India

"India is the only market globally with substantial growth"

RHI Magnesita CEO Stefan Borgas on the company's M&A strategy, why India is important, the way ahead, and more

time-read
6 Minuten  |
December 22, 2024
FRESH ON THE STREET
Business Today India

FRESH ON THE STREET

IPOs have come back with a bang in 2024, with a record ₹1.3 lakh crore raised till October. As a result, many newly-listed firms have made it to the BT500 list

time-read
6 Minuten  |
December 22, 2024
RIDING THE WAVES
Business Today India

RIDING THE WAVES

The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are the other driving forces and emerging trends that will define the landscape in 2025?

time-read
6 Minuten  |
December 22, 2024
HOME RUN
Business Today India

HOME RUN

After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024

time-read
4 Minuten  |
December 22, 2024
In Pursuit of Good Health
Business Today India

In Pursuit of Good Health

The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive

time-read
5 Minuten  |
December 22, 2024