HDFC Life Insurance Company (HDFC Life) delivered a strong performance in the December quarter of the current financial year (Q3FY25), exceeding market expectations with robust earnings growth. The company reported a 13.7 per cent year-on-year (Y-o-Y) increase in net profit to Rs 414.9 crore in the quarter. The value of new business (VNB) rose 8.6 per cent Y-o-Y to Rs 930 crore, compared to Rs 856 crore in the corresponding quarter of the previous year.
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
"The National Exchanges were directed on July 23 to ensure that multiple client codes are not given to a single client," Forward Markets Commission said. A separate sting or suffix may be provided after the unique client code to represent different characteristics and branches of the client, if any, it said, adding that these directions would come in force from January 2009.
'Margins will be an outcome of that. They will likely remain somewhat range-bound.'
Is Guar the next commodity that is likely to be banned by the Forward Markets Commission?
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
The government last week extended the ban on futures trading in the four commodities till November 30, which was initially meant for four months when imposed in May. The top official regulating India's commodity futures market said FMC had submitted inputs to the government before the decision on the extension was taken. He iterated that there was no direct link between futures trading and price rise.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
Ducati would like to develop a motorbike racetrack on the lines of the Buddh International Circuit.
The Cabinet cleared amendments to the Forward Contracts (Regulation) Act, giving the FMC autonomy and including various provisions aimed at developing the market. Business Standard spoke to Khatua on how the amendments will impact the markets once it comes into force.
Will get powers to levy fines and penalties and allow options trading in commodities.
Adani group saw a 55 per cent profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a $90 billion capex over the next decade. Emerging from a damning report of a US short seller, which hit market value of its listed companies, Adani group in 2023-24 (April 2023 to March 2024) fiscal focused on containing debt, reducing founder share pledge and consolidating business in core competencies.
To the disappointment of the Forward Markets Commission, the commodity markets regulator, the standing committee of Parliament examining the Bill seeking to amend the Forward Contracts (Regulation) Act, 1952, has invited suggestions from the public and stakeholders, including consumer bodies.
The order says he was the 'highest beneficiary' of NSEL fraud and has proven unfit to handle affairs of any exchange.
'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'
Commodity market regulator Forward Markets Commission signed the MoU with China Securities Regulatory Commission. The agreement provides a framework for cooperation between the two authorities, an FMC official said.
The Forward Market Commission's steely resolve to curb speculation in various agri items like guar futures and the MCX becoming the country's first commodity exchange to be listed were some of the positives during the year.
Besides introducing a penalty for illegal trading, the Forward Markets Commission has announced a uniform penalty structure for all the commodity exchanges, while raising the penalty amount for various other offences.
Exchanges had sought clarifications from the commodity markets regulator on this.
Commodity markets regulator FMC on Wednesday said it has given approval to the Anil Ambani Group to acquire 26 per cent stake in Indian Commodity Exchange from one of its promoters, Indiabulls group.
In a step to study the functioning of regional exchanges and recommend measures to strengthen them, Commodity market regulator Forward Markets Commission has constituted a task force.
The Centre may soon come out with an ordinance to amend the Forward Contracts (Regulation) Act to give autonomy to commodity market regulator Forward Markets Commission. "The issue is likely to come up before the Cabinet on January 24," Minister of State for Food Processing Industries Subodh Kant Sahai said on the sidelines of an Assocham-organised conference on futures trading.
Soon, traders in India could play in the global agri futures market. India's commodity exchanges have asked the market regulator, Forward Market Commission, to permit evening trading in internationally linked agri commodities.
Turnover stood at Rs. 73.50 lakh crore in the year-ago period, the commodity markets regulator FMC said.
India's apex Forward Markets Commission says physical delivery is essential for the transparent functioning of the commodity exchanges.
The showcause notice by the Forwards Market Commission to promoters of National Spot Exchange Limited on Friday, including Jignesh Shah, is the culmination of a series of steps by the authorities to tighten the noose around Shah.
Regulator has asked National Multi-Commodity Exchange to file criminal case against Kailash Gupta.
Commodity market regulator Forward Markets Commission has banned futures trading in electricity owing to poor volumes of trade.
Only time will tell, if the 'Shah' of exchanges will walk out of this battlefield unscathed.
Before entering into buy and sell transactions please be aware of all the factors that go into the mechanism of pricing, trading and clearing.
India's commodity bourses -- Multi-Commodity Exchange and National Commodity and Derivatives Exchange -- are gearing up to launch futures trading in carbon credits.
A press release by the IIM says that the seminar is expected to see representation from from Punjab, U.P, Maharashtra, Uttarakhand, Chhattisgarh, Orissa, Tripura, and Assam.
The process has been suspended for the time being as Agriculture, Food & Consumer Affairs Minister Sharad Pawar, a political heavyweight, is opposed to any intrusion into his turf.
Indian futures market may have lost business worth Rs 8,00,000 crore (Rs 8,000 billion) due to ban in forward trading of eight commodities such as wheat, rice and pulses.
The Kotak group is set to launch the country's fifth national commodity exchange, in association with the Ahmedabad Commodity Exchange (ACE), in which it is picking up a majority equity stake as an anchor investor.
Commodity market regulator Forward Markets Commission may not allow futures trading in cement.
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