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Indian Energy Exchange (IEX) on Friday announced the expansion of its Green Market with the launch of new contracts that will offer greater choice to market participants to buy renewable energy on the same day and up to 11 days ahead.IEX has expanded its delivery-based Green Market with the launch of two new products – Green Daily Contract and Green Weekly Contract, an IEX statement said. According to the statement, trading in the new contracts Read More

Burger King India initial public offer (IPO) received a robust response from retail investors on the day one of the bidding process. The Rs 810-crore issue received bids for 26.46 crore shares against 7.44 crore equity shares on offer, implying an overall 3.53 times subscription, so far. Most of the brokerages suggest to subscribe to one of the fastest growing international QSR chains in India for the listing gains. The issue is being sold in Read More

With the speed cryptocurrency is emerging as the Millennial generation’s alternative asset of choice in India, it’s hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old startup, were arrested in late 2018. No, they hadn’t pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore Read More

Regulator Sebi has barred Tips4Market and its proprietor Mahesh Vaghajibhai Ramani from the capital markets for providing unauthorised trading tips to investors. Besides, they have been prohibited from carrying out investment advisory services till further orders. Sebi conducted a preliminary examination and found that Tips4Market (T4M) was soliciting and inducing investors to deal in securities market on the basis of investment advice, stock tips among others, prima facie, without having the requisite registration as mandated Read More

Ujjivan Financial Services share price zoomed 20 per cent to hit upper circuit at Rs 298.55 apiece on BSE after the Reserve Bank of India (RBI) released Internal Working Group (IWG) report related to the ownership of private sector banks. For the first time in 2013, RBI in its Guidelines for Licensing of New Banks in the Private Sector had prescribed several structural requirements of promoting a bank under a Non-operative Financial Holding Company (NOFHC). Read More