MCX gets SEBI greenlight to launch electricity derivatives

The Multi Commodity Exchange of India (MCX) on Friday announced it has secured approval from the Securities and Exchange Board of India (SEBI) to introduce electricity derivatives—a significant development for India’s energy and commodities market.

The contracts will provide power generators, distribution companies, and large industrial consumers with a transparent, regulated platform to hedge against price volatility and manage market risks more effectively. This move comes amid increasing dynamism in electricity pricing, driven by renewable energy integration and market-based reforms.

“This marks a pivotal development in India’s commodities ecosystem,” said Praveena Rai, MD & CEO of MCX. “These contracts will offer a reliable and efficient hedging tool, acting as a vital bridge between the physical and financial power sectors.”

The exchange highlighted the strong support from SEBI and the Central Electricity Regulatory Commission (CERC) in shaping a robust, sustainable energy trading landscape.

MCX currently offers contracts in base metals, bullion, energy, and mentha oil. The addition of electricity derivatives further strengthens its position as a key platform for innovative risk management solutions across sectors.

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Starlink launch in India: What it means for internet access and free services as Musk takes on Jio, Airtel

The Indian government has recently approved Elon Musk’s proposal to bring Starlink services to India. While the company may take some time to activate services in the country, it is surely a turning point for the internet in India. Why? Starlink, already available in 100 countries, is a satellite broadband initiative from SpaceX, and is on a mission to revolutionise internet connectivity by beaming high-speed access from space. Now that it is coming to India, the internet will reach every nook and corner of the country.

With a nod from the ministry, Starlink has joined an exclusive group of just three firms, alongside OneWeb and Reliance Jio, to secure a crucial step towards offering satellite-based telecom services in India. The company has already been issued a Letter of Intent (LoI) by the Department of Telecommunications, which serves as an initial go-ahead from the authorities.

However, before it can begin rolling out its satellite internet infrastructure across the country, Starlink must now obtain a crucial clearance from the Indian National Space Promotion and Authorisation Centre (In-SPACe). This approval from the national space regulator is essential before the company can commence trial operations and be allotted provisional spectrum. So, now the question is: When will Starlink launch in India?

While the exact date of the roll out is not official yet, we have enough information to assume. Before we deduce that, let’s circle in what we know so far. Starlink has been awaiting regulatory approval to begin commercial operations in India since 2022. However, the process has been held up by various factors — including concerns related to national security, according to a report by Reuters.

On May 7, it took a major step towards launching its services in India after receiving a Letter of Intent from the Department of Telecommunications. Now, with a vital regulatory licence secured, Elon Musk’s satellite internet venture is poised to kick off operations on Indian soil.

Starlink has made no secret of its eagerness to begin. While a fourth contender, Amazon’s Kuiper, is still awaiting the necessary approvals to launch its satellite internet services in India, the reports indicate that once Starlink submits its application for trial spectrum, it is likely to be granted within 15 to 20 days.

Earlier this year, the company quietly entered into unexpected partnerships with two of India’s largest telecom players, Reliance Jio, led by Mukesh Ambani, and Bharti Airtel, to support its local rollout.

Starlink India pricing

According to a media report published last month, Starlink is expected to roll out plans starting at just $10 a month, which translates to roughly Rs 850, positioning it among the most budget-friendly satellite internet offerings worldwide. This pricing strategy aligns well with the Indian market, where affordability and high performance are often key to consumer uptake.

These competitively priced packages, which may even offer unlimited data, are likely to accelerate Starlink’s growth across the country. The company is reportedly aiming to attract as many as 10 million users as it establishes its presence in India.

How does Starlink work?

Starlink aims to provide high-speed internet, even in places where there is no network. But how does it do it? Instead of relying on traditional ground-based infrastructure such as fibre or cable, Starlink uses a vast constellation of low Earth orbit satellites to deliver fast and stable internet, particularly to regions where conventional services are patchy, slow or entirely unavailable.

By transmitting data directly between satellites and ground stations, it effectively sidesteps many of the limitations that plague traditional broadband networks, offering a lifeline to rural and remote communities across the globe.

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Rate-sensitive sectors like banking, NBFCs, real estate and automobile to gain amid easing rates: Report

Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research.

The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions.

It said, “Banking, NBFCs, real estate, and automobiles are well positioned to benefit from lower borrowing costs.”

The report also noted that the Indian economy is entering a phase marked by benign inflation and ample liquidity, creating a sustained low-interest rate backdrop. This is already evident in the falling money market rates and a notable softening in the 10-year government bond yield.

The report mentioned that the decline in yields has boosted bond prices and improved return prospects for fixed-income investors.

It said, “Money market rates and bond yields are trending lower, with the 10-year G-sec yield already softening, boosting bond prices and supporting fixed-income returns.”

The report highlighted that inflation is currently hovering near the lower end of the Reserve Bank of India’s target range of 2-6 per cent. With the RBI maintaining a neutral policy stance, the market is beginning to price in the possibility of further rate cuts.

This combination of falling inflation and proactive monetary easing is seen as supportive for both equity and bond markets.

The report suggested that these factors together are strengthening the medium-term macro outlook, offering a positive backdrop for investors and further momentum for India’s economic growth.

The RBI’s Monetary Policy Committee on Friday cut the repo rate by 50 basis points to 5.50 per cent . This larger-than-expected cut marks the third consecutive reduction in 2025, totalling 100 bps of easing since February.

Consequently, the Standing Deposit Facility rate stands adjusted at 5.25 per cent, and the Marginal Standing Facility rate and Bank Rate are set at 5.75 per cent.

The RBI has also reduced CRR by 100 bps to augment durable liquidity in the banking system.

This CRR cut will be implemented in phases beginning September 6, , and November 29, 2025, and is expected to release roughly ₹2.5 trillion of liquidity by November 2025, bolstering bank lending capacity.

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