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The National Stock Exchange (NSE) and the Multi-Commodity Exchange (MCX) recently secured approvals from the equity market regulator to launch electricity derivatives. Not only would this minimise financial uncertainty for power distribution companies but they can also use electricity derivatives or futures contracts to lock in electricity prices in advance. Mint takes a look at…
Mumbai: New-age investors will now be able to buy insurance or get credit of all kinds, apart from just trading in stocks and derivatives, from stock-market intermediaries such as brokers. The ministry of finance has amended certain provisions of the Securities Contracts (Regulation) Rule, allowing brokers to invest their own surplus funds in businesses apart…
The National Stock Exchange of India (NSE) has received approval from the markets regulator to launch monthly electricity derivatives contracts, said the exchange in a filing. Also Read | Nifty 50 reclaims 25,000, next hurdle at 25,300 Plans are underway to gradually introduce contracts for difference (CFDs) and other long-duration electricity derivatives such as quarterly…
Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. “This development underscores the strong commitment and support of the Regulators – SEBI and Central Electricity Regulatory Commission (CERC) – in enabling a dynamic and sustainable power market,” MCX said in a statement Friday, announcing the development. The electricity derivatives…
IndusInd Bank share price gained over 2% in early trade on Tuesday after its Deputy Chief Executive Officer (CEO) Arun Khurana resigned from his position. IndusInd Bank shares rallied as much as 2.58% to ₹852.00 apiece on NSE. Khurana tendered his resignation at a time when the private lender plans to rearrange top management after…