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
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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
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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.”
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Indian stock market witnessed a broad-based buying, which lifted Indian stock market benchmarks—the Sensex and the Nifty 50—by more than 1 per cent each in intraday trade on Thursday, June 5. However, the key indices trimmed their gains to end around half a per cent higher, marking the second straight session of gains. The Sensex opened at 81,196.08 against its previous close of 80,998.25 and jumped over 900 points, or 1 per cent, to an
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June 5 (Reuters) – Procter & Gamble (PG.N), opens new tab said on Thursday it would cut 7,000 jobs, or about 6%, of its total workforce over the next two years, as part of a new restructuring plan to counter uneven consumer demand and higher costs due to tariff uncertainty. The world’s largest consumer goods company also plans to exit some product categories and brands in certain markets, executives said at a Deutsche Bank Consumer Conference in
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