MCX plans to launch shorter contracts

MUMBAI : MCX is planning to offer shorter duration futures contracts on select commodities and options on commodity indices, two people aware of the matter said, in a move that could significantly increase its turnover. This follows the market regulator allowing the commodities exchange go live on Tata Consultancy ServicesRead More →

Sebi’s finfluencer rules to hurt foreign brokers

The Securities and Exchange Board of India’s (Sebi) bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors (FPIs), two people familiar with the matter said. In August, the markets regulator released a consultation paper proposingRead More →

Sebi introduces mechanism for intermediaries reporting demise of an investor

The Securities and Exchange Board of India (Sebi) Tuesday announced a centralised mechanism for reporting and verification through KYC Registration Agency in case of the demise of an investor in order to smoothen the transmission process in securities market, effective from January 1, 2024. The capital markets regulator has alsoRead More →

NSE to introduce IRRA platform from Oct 3 to address technical glitches, outages

The National Stock Exchange (NSE) has said that it will introduce an Investor Risk Reduction Access (IRRA) platform from October 3 for trading members to address technical glitches or any outage. However, it will not be accessible for algo trading and institutional clients, PTI reported. The IRRA platform will beRead More →

Indian Renewable Energy Development Agency files draft paper for IPO

Mumbai: State-owned Indian Renewable Energy Development Agency (Ireda) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). This is the first IPO by a public sector enterprise after Life Insurance Corp.’s public issueRead More →