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Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price surge by 2030. According to Valhil Capital's deep‑dive report, XRP could climb from its current price into a range between $4,813 and $9,000 in just five years. That forecast hinges on a model that treats XRP not only as a quick way to move money but also as a store of ...Read More >
New Delhi, June 30 (SocialNews.XYZ) IndusInd Bank's board is likely to unveil its shortlist for the next chief executive officer (CEO) on Monday, a key development as the lender looks to bounce back from months of disruption triggered by a derivatives trading fiasco and subsequent leadership crisis. The move comes in response to the Reserve Bank of India's (RBI) directive, which asked the bank to submit its CEO recommendations by June 30. According to reports, as that deadline arrives, three n ...Read More >
MUMBAI, June 30 (Reuters) - India's IndusInd Bank (INBK.NS), opens new tab has shortlisted three senior bankers - Rajiv Anand, Rahul Shukla, and Anup Saha - for the position of CEO and submitted their names to the central bank for approval, two sources told Reuters. IndusInd Bank took a $230 million hit in the year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. The Reserve Bank of ...Read More >
MUMBAI: The troubled IndusInd Bank, which has been headless since late April when the scam-tainted chief executive Sumant Kathpalia and his deputy Arun Khurana resigned owning moral responsibility for the massive losses in its forex derivatives trading book, has reportedly shortlisted three names--Rajiv Anand of Axis Bank, Anup Saha of Bajaj Finance, and Rahul Shukla of HDFC Bank--to man the top deck. While Rajiv Anand is currently the deputy managing director of Axis Bank, Anup Saha is the man ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connecti ...Read More >
Mumbai: The board of IndusInd Bank has shortlisted three candidates for the role of managing director and chief executive officer - Rajiv Anand, deputy managing director at Axis Bank; Rahul Shukla, group head of commercial and rural banking at HDFC Bank; and Anup Saha, managing director of Bajaj Finance. With the Reserve Bank of India's June 30 deadline nearing, the board is unlikely to consider more contenders, people aware of the development said. The RBI had asked the board to submit three n ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest marc ...Read More >
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June ser ...Read More >
Kolhapur: While the NCP (SP) has declared support to the July 5 protest march against the "imposition of Hindi," the party's chief Sharad Pawar on Friday said celebrities such as cricketer Sachin Tendulkar should not be insisted upon to express their views on making Hindi a must in the Maharashtra school curriculum. "Ask Sachin about cricket; don't force him to take a stand on Hindi imposition," he said.Pawar was responding to Raj Thackeray's statement on Thursday that he wanted to see who -- es ...Read More >
Nagpur: The state govt is looking at futures and options to help farmers deal with risk due to price volatility in agriculture produce. In what is dubbed to be the first-ever move by the state, Maharashtra has opened a hedging desk in Pune covering cotton, the main crop of Vidarbha, as well as turmeric and maize.Over 3,000 farmers will be trained in hedging tools and strategies. Training will be given to farmers' producers' organisations (FPOs) and farmers in regions cultivating cotton, turmeric ...Read More >
Mumbai, June 27 (SocialNews.XYZ) To ensure fair market prices and increased income for farmers, the Maharashtra government, on Friday, launched a hedging desk in Pune under the first phase of the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project, officials said. This desk will initially focus on cotton, turmeric and maize crops. Over a period of time, the initiative will be expanded to include more crops, officials added. With the support of the National Commodity and ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Redd ...Read More >
Mumbai : India's equity benchmarks surged to a nine-month high on Thursday, led by bank stocks, as easing tensions in the West Asia revived investor sentiment, triggering liquidation of bearish bets amid expiry of June derivative contracts. The NSE Nifty rose 304.25 points or 1.2% to close at 25,549 while the BSE Sensex rose 1,000.36 points or 1.2% to end the day at 83,755.87. It marked the highest closing levels of both indices since last October when the equity markets had made a sharp run-up. ...Read More >
Mumbai : Bank Nifty closed at a record high on Thursday, riding a bullish wave, as liquidation of bearish positions ahead of the expiry of the June derivative contracts fuelled the upmove. The index comprising shares of 12 top lenders advanced for the third consecutive session, surging 1% to 57,206.70 on Thursday, the highest closing level. Technical analysts said the index is expected to be at 57,500-58,000 levels in the near term and outperform the benchmark Nifty. "Bank Nifty has witnessed ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Financial Conduct Authority (FCA) of the UK is all set to lift its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors. The FCA had banned ETNs in January 2021, citing their volatility and complexity for retail investors. Keep reading to find out more about the UK's decision regarding ETNs, how the US also has major pro-crypto legislation in the works, an ...Read More >
MUMBAI, June 7: The Multi Commodity Exchange of India (MCX) said that it has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives, marking a significant milestone in the evolution of India's energy trading landscape. Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility, MCX said in a filing with BSE. The El ...Read More >
Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) on Friday issued a corrigendum to its 28 May order in the alleged insider trading case involving IndusInd Bank, clarifying that the words "board note" should be read as an "engagement note signed by the chief financial officer and noticee numbers one and two." "Noticee numbers one and two" are former deputy chief executive Arun Khurana and former chief executive officer (CEO) Sumant Kathpalia. Also read: RBI governor Malho ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Pr ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX sa ...Read More >
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. "These contracts will offer participants a r ...Read More >
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. Also Read | How To Activate Your UAN Online? ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen ...Read More >
Mumbai, June 6 (SocialNews.XYZ) Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon. However, the stock later gave up some of its early gains. During mid-day trade, around 1:45 pm, IndusInd Bank shares were seen consolidating and were trading at Rs 827.85, up by Rs 24.65 or 3.07 per cent on the National Stock Exchange (NSE). The bank had been facing scrutiny due to past ac ...Read More >
June 6 (Reuters) - Shares of India's IndusInd Bank (INBK.NS), opens new tab rose as much 5.3% on Friday after a deputy governor at the country's central bank said "things should settle down soon" at the lender, which has grappled with accounting lapses. IndusInd said in March that years of incorrect accounting of internal derivative trades led to a $230 million hit to its accounts for the financial year ended March 31. Separately, an internal audit of its microfinance business found that aroun ...Read More >
Mumbai: While the Nagpur-Mumbai Samruddhi Expressway is now fully operational, a crucial extension of the Mumbai-Nashik Highway from four to eight lanes over a 23-km stretch between Magathane and Vadpe remains incomplete -- even after more than four years of work. The project, whose revised deadline was Feb 2025, continues to be behind schedule.The widening of this stretch was supposed to be completed before the Samruddhi Expressway was opened, in order to accommodate the anticipated surge in tr ...Read More >
New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and c ...Read More >
SHILLONG, June 4: The United Democratic Party (UDP) has announced its decision to participate in the all-party committee on railways, with working president Titosstarwell Chyne and MLA Lahkmen Rymbui nominated to represent it. Chyne stated that the party will consult with its MLAs and leaders before presenting its stance in the committee. However, he clarified that the UDP's position remains firm: the party opposes the introduction of railway projects in the region unless the government establi ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin's Hash Ribbons are signalling a potential prime buying ...Read More >
New Delhi, May 22 (PTI) Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. This would help optimize the spacing between expiries and avoid designating either the ...Read More >
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