Category: Commodity Market

adminMay 25, 2021
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2min00
New Delhi : The Securities and Exchange Board of India (SEBI) on Friday allowed mutual funds (MFs) and portfolio managers to invest in commodity derivatives to strengthen the market offerings and attract more players. “The Board deliberated and approved the proposal contained in the memorandum to enable the participation by mutual funds and portfolio managers […]

adminMay 25, 2021
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San Francisco : US online retail giant Amazon is leading a $700-million funding round for electric truck startup Rivian Automotive, Rivian has said. The latest funds will help produce its first all-electric vehicles — the R1T pickup truck and the seven-seat R1S SUV, which were revealed in the November Los Angeles Auto Show, Xinhua news […]

adminMay 25, 2021
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2min00
Mumbai : Capital markets regulator SEBI on Monday granted relaxation to non-residents from furnishing PAN card details to transfer equity shares to their immediate relatives subject to conditions. According to the SEBI, many non-residents such as Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Persons of Indian Origin (PIOs) and foreign nationals have been facing […]

adminMay 25, 2021
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Greater Noida : Prime Minister Narendra Modi on Monday said that the world has seen crude prices on a roller-coaster ride for too long and there was a need to move to responsible pricing which balances the interests of both the producer and consumer. Addressing the Petrotech 2019 global energy conference here, Modi also emphasised […]

adminMay 25, 2021
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By Bappaditya Chatterjee, Kolkata : Targetting 300 million kg of exports by 2020, tea planters have told the government that the key to this lies in incentivising production of orthodox (full leaf) tea and boosting the Merchandise Exports from India Scheme (MEIS). “We are mainly focusing on exports and have given proposals to incentivising this […]

adminMay 25, 2021
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World Halal Day 2019 to be celebrated in Russia – Samara The annual event is to be celebrated in Samara region, Russia to boom the economic upswing of investment, trade, infrastructure, livelihood and tourist attraction in the Volga region together with the International Association of Islamic Business (IAIB), UNWHD (Singapore) and the Government of Samara […]

adminMay 25, 2021
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Shimla : Nabard has sanctioned Rs 418.02 lakh to state-run Himachal Pradesh Horticulture Produce Marketing and Processing Corp (HPMC) under the Warehousing Infrastructure Fund for construction of controlled atmospheric store in Chamba district, it was announced on Monday. Nabard’s assistance towards this project would provide a storage capacity of 500 tonnes, the lender said in […]

adminMay 25, 2021
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3min00
Paris : In a bid to define the banking industry’s role and responsibilities in shaping a sustainable future, the UN Environment Finance Initiative (UNEP FI) and 28 banks from around the world have together developed a roadmap for responsible banking to take forward the agenda of the 2015 Paris Climate Agreement, officials said. The new […]

adminMay 25, 2021
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1min00
New Delhi : India Resurgence Fund (IndiaRF), a joint venture of Piramal Enterprises and Bain Capital Credit, on Monday said it has invested $156 million in Chennai-based Archean Group’s marine chemicals business. IndiaRF said in a statement that it has invested through debt and equity and under the partnership, it would be actively engaged with […]


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