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People walk pass BSE building in Mumbai
Double whammy for BSE
The future appears bleak for the Bombay Stock Exchange, the oldest in Asia. The exit of Wall-Street-returned Madhu Kannan, after three-odd years as managing director and chief executive is only one reason for this. Shareholders of BSE said the Securities and Exchange Board of India's (Sebi) new regulatory regime, announced earlier this month, has put a spanner in BSE's turnaround drive. Listen to Thomas
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