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Leading stock exchange NSE has asked investors to refrain from investing in unregulated derivative products such as contracts for difference and binary options offered by internet-based trading platforms. In a statement, the exchange said that investors falling prey to the promises of high or exorbitant returns by these trading platforms may eventually lose money heavily. Accordingly, investors have been advised to refrain from dealing or investing in such products, it added. The development came after Read More

Prime Minister Narendra Modi on Monday announced a National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil, as he stressed on reducing the dependence on imports. Addressing a virtual event on PM-Kisan scheme, he said over Rs 11,000 crore will be invested in the edible oil ecosystem. The Prime Minister also transferred over Rs 19,500 crore to over 9.75 crore farmers under the government’s flagship PM-Kisan scheme. On Read More

The Reserve Bank of India on Friday said it will undertake a secondary market government securities acquisition programme or G-SAP 2.0 worth Rs 50,000 crore in two tranches this month to enable an orderly evolution of the yield curve. “Our recent G-SAP auctions that have focussed on securities across the maturity spectrum are intended to ensure that all segments of the yield curve remain liquid,” RBI Governor Shaktikanta Das said while announcing the third bi-monthly Read More

Capital markets regulator Sebi has managed to refund Rs 129 crore to investors of two Sahara companies in nearly nine years after being assigned the task by the Supreme Court, while the amount deposited in specially-opened bank accounts for the repayment purpose has swelled to over Rs 23,000 crore, according to the latest disclosure made by the regulator. In the absence of claims from a large majority of the bondholders of the two Sahara companies, Read More

Nirma group cement company Nuvoco Vistas Corporation Ltd IPO will open for subscription on Monday, 9 August, at a price band of Rs 560-570 per share of face value of Rs 10 each. The issue will close on Wednesday, 11 August. Nine years ago Nirma shares were delisted from exchanges. The Rs 5,000 crore public issue comprises a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of Rs 3,500 Read More