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35-724: Cochin Stock Brokers, which provides trading facilities on the Bombay Stock Exchange , and CSE Institute , an educational organisation, continue to operate beyond the closure of the exchange. Cochin Stock Exchange was established in 1978. During the 1990s, it was the fourth largest exchange in India by turnover, with a daily turnover of ₹ 70– ₹ 100 crore (equivalent to ₹ 596 crore or US$ 71 million in 2023), with 476 Indian companies listed. Computerized trading

70-464: A Mumbai Hospital. Kayoom Sheikh was acquitted due to lack of evidence. The prosecution had sought the death sentence for all of the following except Imtiaz Ghavate. As he is HIV positive , the prosecution sought a lesser sentence for him. In March 2013, most of these death sentences awarded by the Terrorist and Disruptive Activities (Prevention) Act court were commuted to life in prison until death by

105-599: A Partner Exchange of the United Nations Sustainable Stock Exchange initiative , joining in September 2012. BSE established India INX on 30 December 2016. India INX is the first international exchange of India. BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018. BSE was demutualized and corporatized on 19 May 2007, pursuant to

140-500: Is a corporate member of the National Stock Exchange of India and the Bombay Stock Exchange , enabling CSBL users to have trading facilities in these listings. CSE Institute is an organisation that provides stock market training for investors. Bombay Stock Exchange BSE Limited , also known as the Bombay Stock Exchange ( BSE ), is an Indian stock exchange which is located on Dalal Street . Established with

175-788: The BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI . It was listed on NSE on 3 February 2017. The Indian stock exchanges BSE and NSE have witnessed several high-profile corruption scandals. At times, the Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for insider trading , stock manipulation , especially in illiquid mid-caps, small-caps and penny stocks . 18°55′47″N 72°50′00″E  /  18.9298°N 72.8334°E  / 18.9298; 72.8334  ( Bombay Stock Exchange ) 1993 Bombay bombings The 1993 Bombay bombings

210-554: The Bombay Stock Exchange , Sahar International Airport and the Shiv . However, his conspiracy claim was dismissed by the police as a "mere bluff". The arrest of Gul Mohammed spurred Tiger Memon to advance the date of the bombings which had originally been planned to coincide with the Shiv Jayanti celebrations in April 1993. At 13:30 hours on 12 March 1993, a powerful car bomb exploded in

245-460: The demolition of Babri Masjid and the subsequent riots, alleging police partiality during the riots. "Vested interests" instigated him to act as he did. Quareshi was trained in Pakistan to handle arms and ammunition. He and Muquddam parked the explosive-filled vehicle at Plaza cinema which resulted in 10 deaths and 37 injuries. Qureshi reached Pakistan via Dubai , where he claims he was taken "under

280-420: The 100 convicted. The prosecution also requested the death penalty for those convicted of conspiracy in the case. Asghar Yusuf Mukadam and Shahnawaz Qureshi, who have been found guilty of involvement in the bombings pleaded for leniency, claiming that they were not terrorists and were emotionally driven to participate in the act. Mukadam claimed that the main conspirators took advantage of his "frame of mind" after

315-523: The Bombay underworld along communal lines and pitted Chhota Rajan's predominantly Hindu gang against Dawood Ibrahim's predominantly Muslim D-Company. The ensuing gang war took the lives of more than a hundred gangsters and continued in 2017. Seven of the accused (Salim Kurla, Majeed Khan, Shakil Ahmed, Mohammed Jindran, Hanif Kadawala, Akbar Abu Sama Khan and Mohammed Latif) were assassinated by Rajan's hitmen. Many hundreds of people were arrested and detained in

350-648: The Indian courts. In 2006, 100 of 129 accused were found to be guilty and were convicted by Justice PD Kode of the specially designated Terrorist and Disruptive Activities (Prevention) Act (TADA) court. Many of those convicted have eluded custody, including the mastermind of the attacks, Tiger Memon . On 12 September 2006, the special TADA court convicted four members of the Memon family on charges of conspiring and abetting acts of terror. They face jail terms from five years to life imprisonment , that would be determined based on

385-803: The apex court in 2002, the Maharashtra government executed Yakub on 30 July 2015. In December 1992 and January 1993, there was widespread rioting throughout the nation following the Babri Masjid demolition in Ayodhya , where some of the most notable riots occurred in Mumbai . Five years after the December–January riots, the Srikrishna Commission report found that 900 individuals had died and over 2,000 had been injured. On 9 March 1993, three days before

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420-459: The basement of the Bombay Stock Exchange building. The 28-storey office building was severely damaged and many nearby office buildings also suffered damage. Reports indicate that 50 were killed by this explosion. About 30 minutes later, another car bomb exploded in front of the Mandvi branch of Corporation Bank. From 13:30 hours to 15:40 hours a total of 12 bombs exploded throughout Mumbai. Most of

455-445: The blasts could be the work of the LTTE , a Sri Lankan militant organization, when in fact intelligence reports had already confirmed to him that Mumbai's underworld (known as the "D-Company", a reference to Dawood Ibrahim ) were the perpetrators of the serial blasts. The Supreme Court of India gave its judgement on 21 March 2013, after over 20 years of judicial proceedings, upholding

490-583: The bombings took place, a small-time criminal from the Behrampada slum in Northeast Mumbai named Gul Noor Mohammad Sheikh (Gullu) was detained at the Nag Pada police station. In the communal riots that had rocked Mumbai the previous year, Gullu was also one of the 19 men handpicked by Tiger Memon , whose office was burnt in the riots. Tiger was a silver smuggler and chief mastermind of the bombings, for training in

525-713: The bombs were car bombs but some were in scooters. Three hotels – the Hotel Sea Rock, Hotel Juhu Centaur, and Hotel Airport Centaur – were targeted by suitcase bombs left in rooms booked by the perpetrators. Banks, the regional passport office, the Air India Building , and a major shopping complex were also hit. Bombs exploded at Zaveri Bazaar and opposite it, a jeep-bomb exploded at the Century Bazaar. Grenades were thrown at Sahar International Airport and at Fishermen's Colony, apparently targeting certain citizens at

560-402: The death sentence against suspected ringleader Yakub while commuting the previous death sentences against 10 others to life in prison. However, two of the main suspects in the case, Ibrahim and Tiger, have not yet been arrested or tried. After India's three-judge Supreme Court bench rejected his curative petition , saying the grounds raised by him do not fall within the principles laid down by

595-446: The efforts of cotton merchant Premchand Roychand in 1875, it is the oldest stock exchange in Asia , and also the tenth oldest in the world. The BSE is the world's 6th largest stock exchange with a market capitalization exceeding US$ 5 trillion on May 21, 2024. Bombay Stock Exchange was founded by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it

630-519: The latter. A double-decker bus was very badly damaged in the deadliest explosion, with as many as 90 people killed. The locations attacked: In 1997, the then Chief Minister of Maharashtra, Sharad Pawar , admitted that he had "deliberately misled" people following the 1993 Mumbai bombings by saying there were "13 and not 12" explosions and had added the name of a Muslim-dominated locality to show that people from both communities had been affected. He attempted to justify this deception by claiming that it

665-462: The number of blasts, whether they were 12 or 13 in number. This was because Sharad Pawar , the then chief minister of Maharashtra , stated on television that day that there had been 13 blasts. He later revealed that he had lied on purpose and that there had been only 12 blasts, none of them in Muslim-dominated areas; he also confessed that he had attempted to mislead the public into believing that

700-401: The number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875. On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings . The BSE is also

735-555: The old structure to a brand new building in the Kaloor area in northern Kochi. Trading hours historically used to begin late in the afternoon enabling access to traders from other regions of the state. Base Minimum Capital required to be maintained is Rs. 2 lakhs. The securities scam of the early nineties led the Securities and Exchange Board of India (SEBI) regulations on stock exchanges requires separation of ownership and trading rights and made it mandatory for majority ownership rests with

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770-427: The pretext of providing ... an alternative job". He claims that his house was set on fire during the riots. Some of the conspirators who managed to flee India after the bombings were arrested and extradited to India. These conspirators were declared absconders during the trial. Abu Salem , Mustafa Dossa, Firoz Khan, Taher Merchant, Riyaz Siddiqui, Karimullah Khan, and Abdul Kayoum amongst others were arrested and

805-464: The public, those without any trading rights. The exchange stopped trading in 2005, and closing procedures after the SEBI introduced a minimum net worth requirement of ₹ 100 crore (equivalent to ₹ 170 crore or US$ 20 million in 2023) and a turnover of ₹ 1,000 crore (equivalent to ₹ 17 billion or US$ 200 million in 2023) for stock exchanges to continue operation in 2013. It

840-466: The severity of their crime. Three other members of the Memon family were acquitted with the judge giving them the benefit of the doubt. Yakub Memon was charged with possession of unauthorised arms. After the bombings, family members of Tiger Memon, including Yakub, escaped to Dubai and Pakistan. Correspondents say Tiger owned a restaurant in Mumbai and was allegedly closely associated with Dawood Ibrahim ,

875-475: The suspected mastermind. Except for Tiger and Yakub, the entire family returned to India and was promptly arrested by the Central Bureau of Investigation in 1994. Yakub was later taken into custody and was undergoing treatment for depression. The Memon family was tried in court and found guilty of conspiracy. The defence lawyers asked for leniency in the sentencing and caused delays in the process. Yakub Memon

910-484: The trial continued against these absconders in a special TADA court in Mumbai. Ujjwal Nikam who was earlier the Special Prosecutor in these cases was replaced by Deepak Salvi to continue with the trial in the light of the subsequent developments. On 16 June 2017 gangster Mustafa Dossa and Firoz Khan were found guilty of conspiracy, which can carry the death penalty. On 26 June 2017, Dossa died of cardiac arrest in

945-408: The use of guns and bomb-making. Gullu had been sent to Pakistan via Dubai on 19 February 1993 and upon completion of his training returned to Mumbai on 4 March. In his absence, the police detained Gullu's brothers to encourage him to surrender, which he did. He confessed to his role in the riots, his training in Pakistan, and a conspiracy underway to bomb major locations around the city, including

980-682: Was executed by hanging in Nagpur Central Jail at 6:35 a.m. IST on 30 July 2015. Two of the accused, Mohammed Umar Khatlab and Badshah Khan (a pseudonym given by the prosecution to hide his real identity) turned state informers. Dawood Ibrahim , believed to have masterminded the terrorist attacks, is the Don of the Mumbai organised crime syndicate D-Company . He is suspected of having connections to terrorist elements such as al-Qaeda and its leader, Osama bin Laden , as well as Lashkar-e-Taiba , and

1015-472: Was a move to prevent communal riots by falsely portraying that both Hindu and Muslim communities in the city had been affected adversely. He also admitted to lying about evidence recovered and misleading people into believing that it pointed to the Tamil Tigers as possible suspects. The official number of fatalities was 257 with 1,400 others injured (some sources reported that 317 people died; this misreport

1050-584: Was a series of 12 terrorist bombings that took place in Bombay (now Mumbai ), Maharashtra , on 12 March 1993. The single-day attacks resulted in 257 fatalities and 1,400 injuries. The attacks were coordinated by Dawood Ibrahim , leader of the Mumbai-based international organised crime syndicate D-Company . Ibrahim was believed to have ordered and helped organize the bombings through his subordinate Tiger Memon . For several years, confusion existed about

1085-474: Was declared a terrorist by the governments of India and the United States in 2003. Ibrahim is now wanted by Interpol as a part of the worldwide terror syndicate of Osama bin Laden. The Bush administration in the United States imposed sanctions on Ibrahim in 2006. The penalty stage of the longest-running trial in India's history continued. In February 2007, prosecutors asked for the death penalty for 44 of

Cochin Stock Exchange - Misplaced Pages Continue

1120-592: Was due to a bomb which killed 69 in Calcutta on 16 March and was not part of 12 March Bombay bombings). The bombings caused a major rift within D-Company , the most powerful criminal organisation in the Bombay underworld , headed by Dawood Ibrahim . Infuriated at the bombings, Ibrahim's right-hand man, Chhotta Rajan , split from the organisation and took most of the leadership-level Hindu aides with him, including Sadhu, Jaspal Singh and Mohan Kotiyan. Rajan's split divided

1155-604: Was in the final stages of closure by May 2014. Industrialisation did not happen in Kerala to the extent as in other Indian states. The reasons for the failure to attract manufacturing industries was due to the political climate and the lack of resources in a small state with such a large population density. The stock exchange served as a channel for investors to find investment opportunities. Cochin Stock Brokers Limited (CSBL) previously wholly owned by Government of India ,

1190-459: Was introduced in 1997. The major back office system software used are NESS and BOSS respectively for NSE and BSE. The trading software used in CSBL was Multex , developed by CMC . Traders are provided Meta Stock and ERS software, trading terminals and optical fiber connections. DP holdings are maintained by demat services like CDSL . The new millennium saw the stock exchange building being shifted from

1225-400: Was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in

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