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  One of the prominent investment banking Company in Singapore, Nomura Singapore Limited has recently acquired a stake in Vaxtex Cotfab Limited, a National Stock Exchange listed company that is one of the leading textile manufacturing companies in India. Nomura Singapore acquired 2.65 lakh equity shares in Vaxtex Cotfab Limited at an average price of Rs 35.6 per share. The stock was sealed in the 5 per cent upper circuit at Rs 35.60. Speaking on the occasion, Promoters of VCL stated that, "We are gratified with this strategic alliance which has henceforth enabled us to amplify opportunities in the market, to raise our vista for the succeeding years. This is yet another stepping stone of the company which propels to the next stage of its growth path." Click Here

  Former NSE MD &CEO Chitra Ramkrishna and Group Operating Officer and her Advisor Anand Subramanian ran a money-making scheme during their stint at the National Stock Exchange (NSE), market regulator Securities and Exchange Board of India (Sebi) has alleged. The order passed by Sebi dated February 11 highlights frequent increase in Subramanian's compensation package without proper appraisal, documentation or file notings and with no involvement of the Human Resource (HR) head or the Nomination and Remuneration Committee (NRC). Furthermore, the order talks about Subramanian being directed to “withdraw and surrender” to the unknown person a gross amount per month as “gratitude.” Read Full Article Here