Mumbai, Sep 28 (PTI) National Stock Exchange of India (NSE) on Friday signed an agreement with Confederation of Indian Textile Industry for To create awareness amongst CITI members on managing risk through NSE platforms. Also Read - SC Lawyers' Body Expresses Concern on Top Court Judge Praising PM, Passes Resolution Against Remark
Under the memorandum of understanding (MoU) the stock exchange will assist in imparting knowledge to CITI members on price risk management, hedging on NSE’s platform for products like commodity, currency and debt a release said here. Also Read - Union Budget 2020: Govt Proposes to Sell a Part of Its Holding in LIC Through Initial Public Offering
“This is significant for us as we are venturing in to commodities market soon. We extend our complete support in raising awareness levels for products like currency, commodity, debt and helping companies to manage their risks and also to assist CITI members in raising equity capital on NSE’s EMERGE platform,” NSE chief business development officer Ravi Varanasi said. Also Read - LIC's Pay When You Stay Scheme For Home Buyers: No Principal Repayment Until Possession
NSE gets Sebi nod for launching derivatives contracts * NSE on Friday said it has got regulatory approval for introducing derivatives contracts on gold 1 kg, gold mini 100 grams and silver 30 kg on its commodity derivatives segment.
The exchange had earlier received approval for launch of the Commodity Derivative Segment from Sebi on September 21, a release said here.
“We have received representations from several trading and clearing members suggesting that some more time be given to the market intermediaries to put in place appropriate systems at their end for effective trading of commodity derivatives.
NSE has decided to launch its commodity derivative segment on Friday, October 12, 2018.
Suzuki Motorcycle launches special edition of Intruder * Suzuki Motorcycle India has rolled out a special edition’ of cruiser bike Intruder and Inruder F1 ahead of the festive season.
The special edition variants will come equipped with anti-lock brake system offering a better riding experience.
The new Intruder is priced at Rs 1,00,500, Intruder Fi is priced at Rs 1,07,300.
LIC offers group cover to SC Bar Association * The national insurers LIC has launched group insurance policy for the members of Supreme Court Bar Association.
Addressing the function, Chief Justice Dipak Misra urged LIC to offer such insurance covers to the district bar members as well as other bar associations. Chief Justice-designate Ranjan Gagoi was also present at the function held at the SC bar Thursday, LIC said in a statement Friday.
LIC chairman VK Sharma said the policy envisages the cover of 20 lakh for the members in case of untimely death due to any reason.
This is published unedited from the PTI feed.