Badla rates down
Mumbai: Weighted average badla rates during the carry forward session on the Bombay Stock Exchange on 13 November dipped to 12.12 per cent against 15 per cent for the previous week. This is the third successive week in which badla rates have declined. The volume in the13 November session was Rs 2,380 crore against Rs 2,398 crore in the previous settlement.
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Taib Bank to introduce NSE online trading
Dubai: Bahrain-based Taib Bank will introduce online trading for the National Stock Exchange. The bank has a significant presence in India through its merchant banking subsidiary, Taib Capital Corporation, and a brokerage firm Taib Securities India. The bank’s vice chairman and chief executive officer Iqbal Mamdani said the bank is very excited about introducing online trading in Indian stocks.
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