Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief') Arbitration Act - Arbitral award cannot be interfered with if view of arbitral tribunal is plausible one : HC (See 'Legal Desk') IBC - Asset memorandum shall not be accessible to any person during liquidation : IBBI (See 'Legal Desk') Critical Minerals Summit concludes (See 'Corp Brief') Cr.P.C. - While adjudicating on bail application court is duty bound to ensure that accused's right to life and right to health is not violated : HC (See 'Legal Desk') PMLA - Petitioner cannot claim bail as matter of right for treatment only at specialized hospital of his choice : HC (See 'Legal Desk') SEBI (Research Analysts) Regulations, 2014 for ontravention of RA Regulations Certificate of Registration of Noticee Gaurav Sarda can be cancelled : SEBI (See 'Legal Desk') REC Ltd declares financial results, records highest ever annual net profit (See 'Corp Brief') Trade Marks Act - Defendant's adoption of Trademark is not in good faith and potential confusion encroaches upon Plaintiff's statutory trademark rights : HC (See 'Legal Desk') SEBI Act - Noticee was maintaining call records which were sent to SEBI : SEBI (See 'Legal Desk') Arbitration - Petition u/s 29A for extension of mandate of Arbitral Tribunal can be filed even after mandate has expired : HC (See 'Legal Desk') Mines Ministry to hold 2-day Critical Minerals Summit (See 'Corp Brief') IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'Legal Desk') Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief')

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BSE's per share earning takes Hanuman jump

Published: Aug 03, 2017

By TIOLCORPLAW News Service

NEW DELHI, AUG 03, 2017: THE Regulatory compliance is and would remain top most priority for Bombay Stock Exchange (BSE) in times to come. Considering the fact, India's leading exchange group, BSE, had announced its unaudited consolidated financial results for the first quarter ended June 30, 2017 in order to maintain public trust in the markets as well as trust of regulators.

The total net profit got increased by 1098% to Rs 523.70 crore from Rs 43.70 crore in Q1 of FY17 and earnings per share (non-annualized) on total operations increased by 1098% to Rs 95.94 from Rs 8.01 in Q1FY17.

It was further rported by BSE that the total income got increased by 11% to Rs 158.38 crore from Rs 142.73 crore in Q1FY17. The Revenue from Operations also went up by 26% to Rs 102.64 crore from Rs 81.21 crore in Q1FY17. EBITDA showed a growth of 16% to Rs 71.61 crore from Rs 61.76 crore in Q1FY17.

The net profit from continuing operation went up by 44% to Rs 49.73 crore from Rs 34.55 crore in Q1FY17 and earnings per share (non-annualized) on Continuing Operations (after exceptional items) up by 44% to Rs 9.11 from Rs 6.33 in Q1FY17.

The exchange later informed that the equity cash segment average daily turnover went up by 51% to Rs 4133 crore from Rs 2,732 crore in Q1FY17 and the currency derivative segment average daily turnover showed a growth of 15% to Rs 18,147 crore from Rs 15,757 crore in Q1FY17.

The Average daily turnover in India International Exchange (IFSC) Ltd., BSE's wholly owned subsidiary at GIFT City, Gandhinagar, for July 2017 was USD 57 million, growing at Monthly Compounded Growth Rate of 96% since commencement of operations in January 2017. 155% growth in the average monthly number of order processed in Mutual Fund Segment to 9.2 Lakh orders from 3.6 Lakh in Q1FY17.

Commenting on Q1 performance, MD& CEO, Mr. Ashishkumar Chauhan said that the BSE continues to provide a fair, efficient, transparent & orderly securities market. BSE aims to grow both organically and inorganically. It is heartening to note that quite a few initiatives seeded in earlier years are showing good growth and potential for increasing stakeholder valuation.

Mr. Chauhan further stated that BSE's International Exchange continues to get attraction from investors and are focused on achieving the target of enabling Indian firms to compete on equal footing with offshore firms. As a strategy, BSE strives to obtain leadership position in newer opportunities while consolidating and improving its market share in areas where it is at a competitive disadvantage.

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