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Technology

Sebi tightens rules for exchange disruptions

SEBI also said on Monday it had asked the NSE to identify those responsible for the failure within 21 days and to determine why it did not move to a backup swifter.

Brokers and traders criticised the NSE sharply for not communicating well enough during last month’s outage, which they said caused losses for some investors.

The outage was the second major one for the NSE in recent years after a five-hour shutdown in 2017 due to a software problem.

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Electric shock – German auto stocks get a new lease of life

Volkswagen, the German company competing with Toyota to be the world’s biggest vehicle seller by volume, laid out its ambitious plan to turn 70% of European sales at its core VW brand electric during its “power day” last Monday.German rival BMW, meanwhile, said on Wednesday it was aiming for half of its sales to be non-fossil fuel vehicles by 2030, and that around 90% of its market categories would have fully-electric models available by 2023.

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