Sebi’s margin rules change harming commodities more than equities

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Changes to margin rules by Sebi have impacted trading volumes across asset classes over the past few months. Although the move is aimed at preventing brokers from providing excessive leverage to traders, limiting risk and protecting retail investors, margin funding is an important tool for smaller brokers and some market participants say further tightening of […]

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Jute mill owners in West Bengal face capacity crunch; stop taking export orders

Jute mills have stopped taking export orders owing to capacity constraints, reports Financial Express. Shortage of raw jute and escalating prices have put the mills in a severe crunch. The 90-odd jute mills across the country, of which 74 are in West Bengal, are already flooded with the Centre’s order of supplying jute sacks equivalent […]

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COMMENT – Lessons from the Chinese Commodities Derivative Markets

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Prof. Joshy Jacob, IIM Ahmedabad The Chinese commodities derivatives market has grown at a rapid pace in the recent past. Today, the Chinese commodities derivative exchanges are among the top-five globally. Out of the top-15 futures contracts in the world, nine are traded at the Chinese exchanges. Our recent field study on the Chinese markets […]

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SEBI approves RIL’s proposal to hive off oil to chemicals (O2C) business into an independent subsidiary

Mukesh Ambani-owned Reliance Industries Limited (RIL), which had proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary said it had received an approval from the Securities and Exchange Board of India (SEBI) and stock exchanges to create this subsidiary. The company now requires the approval of equity shareholders and creditors, regulatory authorities, and the […]

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EU imposes definitive anti-dumping duties on Chinese corrosion resistant steel

The European Union (EU) Commission has imposed ‘definitive’ anti-dumping duties on corrosion resistant steel from China until 2022. A probe had already led to imposition of provisional duties in August last year. However, further investigation has now confirmed that Chinese producers were dumping the product in the EU market. This duties will range from 17.2% […]

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