There is no clear direction as of now,” a senior official told PTI. "We have consolidated the exchanges of Ludhiana, Bengaluru, Madhya Pradesh, Jaipur and the OTC Exchange of India (OTCEI)," says B. Madhav Reddy, Managing Director and CEO, CSE. They can also get bank loans against their warehouse receipts.". East India Company ( Relaunched by Indian ) Presen... Dilip Surana Buying/Selling T Stanes, Aspinwall, M... Anil Goel Buying Bharat Nidhi, PNB, Hind Vidyut @8... Guidence Wanted for Swaraj Automotives Ltd. Alfa Laval ( India ) Limited - (Annual Report - 2... Alfa Laval Delisting - Exit Window @ Rs.4000 - Cl... Bring Murderers in Anti Sikh Riots (1984) to Justice. Some of the stock exchange members also said that the bourse should withdraw its legal petitions that it filed in the court and request SEBI to offer a safe exit route. Calcutta Stock Exchange. Dilip Surana buying/Selling Philips,Ramaraju,Midea... Long Term Investing -Bhavikk Shah Comments. Founded in the 1830s, offers information on local index shares, discussion forums, quotes and charts. Until then, the CSE had a daily turnover of Rs 60 crore to Rs 90 crore (recorded in the second half of 2011/12); in its aftermath, with much credibility lost, this fell to less than Rs 15 crore to Rs 20 crore. Some of the stock exchange members also said that the bourse should withdraw its legal petitions that it filed in the court and request SEBI to offer a safe exit route. "We are also waiting for new norms for clearing corporations which have been in the draft stage for two years. Calcutta Stock Exchange Unlisted Shares: 10 Shares ₹ 1250 ₹ 12500: Camac Commercial Company Limited Unlisted Shares: NA Shares ₹ Best In Industry-Capgemini Technology Services India Limited Unlisted Shares: 25 Shares ₹ Best In Industry-Capital Small Finance Bank Unlisted Shares: Regional stock exchanges (RSEs) thrived in the years when shares were traded in the form of physical certificates and an exchange's brokers were largely confined to the city in which it was located. Regional stock exchanges (RSEs) thrived in the years when shares were traded in the form of physical certificates and an exchange's brokers were largely confined to the city in which it was located. Congrats Bhavikk Shah- Hind Unilever Jumps. Reddy believes institutions like the CSE are still necessary to increase the number of retail investors. The choices are not many and time is running out. Like us on Facebook and follow us on Twitter. Some of the proceeds from the land sale could also be used to buy a stake in a clearing corporation. Will it succeed? 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The only surviving regional bourse has been unable to find “a solution” so far and continues to fight a legal battle with the regulator, sources said. Mittal, Chairman, Microsec, a Kolkata-based financial services company. Financial Express is now on Telegram. Many of them - including the CSE - found it difficult to meet the increasingly stringent rules and standards imposed by the SEBI - such as the abolition of 'badla' trading - in its drive towards greater professionalism. There were other reasons too for the RSEs decline, apart from their inability to cope with the digital onslaught. 35 Lakh. Many of them have already switched from the defunct RSEs to the BSE and the NSE. "The only way to save the CSE is to reorient its business model," says Mittal. 2 / 50 p Per Litre. "It is unlikely to add too many new companies or brokers. This will empower both farmers and traders." Dilip Surana Buying Rayban, Mideast, Carrier, Inox... Niraj Kajaria Buying Farm Enterprises 370,Frick 50... 3A Buying/Selling BSE,DSE,Essar Steel, CIAL.Others, Frick India -Important Issues of Bonus and Relisting. Indeed, some argue it is even older than the BSE, since it began functioning in the 1830s - under the shade of a spreading neem tree, not far from its current location at Kolkata's 7, Lyons Street - though it was formally incorporated much later. The CSE's annual membership fee of Rs 10 lakh as a base deposit is much lower than that of the BSE or NSE, which it expects to be an added attraction. The future is, indeed, uncertain. This year, the special session will be held on Sunday from 6.15 pm to 7.15 pm. Rhodia Speciality Chemicals ( Albright And Wilson ) Open Offer / Delisting ?? List of Shares Listed in Calcutta Stock Exchange (... Calcutta Stock Exchange Suspends CSE 'S Own -C-S... Cochin International ( CIAL ) Balance Sheet - P/L-... Gujarat Automotive Gears - Share Capital Rs. ", Many analysts, however, are not convinced. CSE currently offers its members to trade through NSE and BSE and its earning has also been deteriorating. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Only one RSE is making a determined bid for a comeback - the Calcutta Stock Exchange (CSE). ", Some believe the CSE would be better off transforming itself into a commodities exchange. Sistema Shyam Reduces Losses in Oct- Dec ( 2012 ) ... Settlement Holiday ( Bank Holiday ) on April 11, 2... Sandeep Ginodia Buying/Selling Jullundur 165/185,I... Dilip Surana Buying/Selling Mideast,Aspinwall And ... Ashwani Aggarwal 's Interview by Punjab Kesari. The West Bengal government holds four per cent stake in the CSE but has so far taken no initiative to save it. "Private companies could also set up warehouses," he adds. Calcutta Stock Exchange (CSE) continues to stare at uncertain future when two major bourses in the country are gearing up for Muhurat Trading to mark the beginning of Samvat 2076. Convert Old Upper Ganges Canal ( Haridwar to Roork... Anil Goel Buying Bharat Nidhi,PNB,Hind Vidyut,Bhar... Dilip Surana Buying/Selling T Stanes,Aspinwall, Ra... Nilesh Kotak Selling ICICI Lombard 85,HDFC Standar... Anil Goel Selling Manju Shree Plantatrion. Tanya Selling Bharat Nidhi @ Very Attractive Price... Suryakrupa Finance- To Delist From Ahmedabad Stock... Fresenius Kabi Oncology ( Dabur Pharma ) Delistin... Indo Tech Transformers Delisting Bid Failed. It also intends to sell around three acres of prime urban land it owns along Kolkata's Eastern Metropolitan Bypass for around Rs 250 crore to Rs 300 crore and invest the earnings in improving its systems. It is the second oldest stock exchange in South Asia, begun in May 1908 - after the BSE, started in 1875. CSE had earlier said it was in the process of filing an application with SEBI for setting up a MSME Exchange for clearing function with any of the existing clearing corporation. The CSE has requested the SEBI to extend its May 2014 deadline by nine months, but has yet to receive a reply. "We are in correspondence with the SEBI," adds Dipankar Chatterji, Chairman, CSE. (The writer is a Kolkata-based freelancer). The CSE, in addition, never really recovered from its payment crisis of 2001, an outcome of the Ketan Parikh scam, when 10 of its broking firms defaulted on their payments and the exchange's Settlement Guarantee Fund had to be resorted to. Anil Goel Buying Bharat Nidhi, PNB,Bharti Telecom,... Give Our Armed Forces Due Respect - Indian Investors. The exchange is in talks with a few other RSEs for amalgamation as well. The Calcutta Stock Exchange has been asked to exit by SEBI but the matter is subjudice before Calcutta High Court while other 13 regional stock … Just two decades ago, for instance, there were 19 RSEs dotting the country with sizeable share trading being carried out through them. But, there had been “no progress in this regard”, the sources said. Calcutta Stock Exchange stares at uncertain future on Samvat 2076, Rain delays Maharashtra cane crushing season: Sugar units association chief, Air India bidders may get flexibility on debt; why govt wants to sell all stakes in national carrier, Sun Pharmaceutical Industries Share Price. Brand Dhoni packs a punch; estimated to have earned Rs 120-150 crore this IPL from endorsements, Living coronavirus found on frozen food packaging for first time: China's health authority. "Foreign direct investment will also come in. But the digital age, which made demat shares the norm, and also saw the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) expand operations across the country, has made their relevance increasingly questionable. Calcutta Stock Exchange (CSE) continues to stare at uncertain future when two major bourses in the country are gearing up for Muhurat Trading to mark the beginning of Samvat 2076. “It is status quo for CSE. The CSE has heritage on its side, but that too is unlikely to help. The 106-year-old Calcutta Stock Exchange is trying hard to restore its relevance. "Something will happen soon. "That will not happen with a bunch of big brokers, trading on the BSE and NSE, opening branches across the country," he says. Set up in 1908, the CSE is the second-oldest stock exchange in South Asia after the BSE, IPO market struggles to sustain euphoria of BSE. The stock exchange in the city enters into the seventh year of trading suspension after the capital market regulator, Securities and Exchange Board of India (SEBI), had barred trading at C-Star (the online platform of CSE), for non-compliance of clearing and settlement norms. Click here to join our channel and stay updated with the latest Biz news and updates. Dilip Surana Buying Philips @ 153, Mideast @16, T ... Blog Writer's Petition to Home Minister- Police Mu... Anil Goel Buying Bharat Nidhi, PNB, Hind Vidyut, B... Saradha Chit Fund Fraud- Beware of Ponzi Schemes. It has already spent substantially in the last three to four years on updating its IT infrastructure, introducing a Bengali language website and tying up with the United Bank of India to offer online equity trading facilities to its customers. Farmers can store their produce in the warehouses and find markets online to sell in a transparent manner.