The central bank says subsequent novation after an OTC derivative contract has been accepted for settlement by a central counterparty will follow the revised directions
Mock trading is under way as exchanges prepare for the phased rollout of the closing auction session to determine closing prices for derivative-linked stocks
NSE will offer three serial monthly futures and options contracts on the index, giving investors an additional tool for hedging and portfolio diversification
After the advisory, trading in the contracts -- used to hedge against foreign exchange risks and speculate on currency movements -- nosedived in India and rose overseas
Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'
Arun Khurana, deputy CEO of IndusInd Bank, has resigned with immediate effect, taking responsibility for the ₹1,960 crore losses due to incorrect accounting of internal derivative trades.