Page 11 - Rajesh Bhayani

Unified regulator for GIFT City, relaxations to woo AIFs on cards

A govt source said SEZ rules are designed mainly for manufacturing and so the first financial SEZ in India at GIFT IFSC is facing regulatory issues

Open interest in gold at 5-year high as traders expect prices to moderate

Even when the international gold prices moderated, the price in India remained high due to a fall in the rupee exchange rate and lower discounts

Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers

Police have done forensic and digital forensic audits of brokers who defaulted in August 2013

Shanghai Gold Exchange plans India entry, looks to open centre at GIFT City

If the plan materialises, it will be the first Chinese exchange to conduct business in India

Sharp increase of 30-35% in silver import as demand show vibrancy

Even import bill for silver has jumped almost 30% to $3.934 billion

Sebi issues draft norms for allowing futures in commodity indices

BSE and NSE will not immediately qualify for index futures going by the regulator's proposed criteria

We're giving MCX a stable cost base to ramp up profits: Mrugank Paranjape

In a Q&A with Business Standard, MD & CEO of the commodity bourse says he expects Sebi to allow trading in MFs, PMS and index-based derivatives this quarter

Boost for AIF biz at Gift city as top fund administrator gets license

With OPS setting up shop in Gift city, other AIFs are also firming up plans; Five have already applied for the licence, a few more are in the pipeline

Glitter back for gold monetisation scheme; banks to open metal account

If gold deposited upon maturity is returned in a cash equivalent, many temples would stay away from depositing gold

RBI expands ambit of gold-monetisation scheme

Experts said this was likely to attract huge quantities of gold over the coming months. Some claimed this was a move to bring out unaccounted gold ahead of the Lok Sabha elections

Central banks betting big on gold amid global uncertainty

Purchases hit a 3-year high in 2018 as trade tensions and volatile yields kept markets on the edge

SC clears Monsanto's patent for Bt cotton seed, but biotech firms want more

Biotechnology companies had put on hold new patents and technologies in the agricultural sector in the two years since the controversy began

Why central banks across the world are buying more gold for reserves

Till 2008, they were paring gold reserves. Today they see it playing a new role in changing financial systems; share of the metal in RBI's total forex reserves rose to 5.9% in November 2018

Gold imports dip 14.5% to 759 tonnes in 2018 on tepid demand, rule changes

Sluggish jewellery offtake due to higher prices and not so good monsoon stifled rural demand; Consumers were also reluctant to buy ornaments in cash beyond a limit

Despite Monsanto's legal win, biotech firms may defer innovation in India

The Supreme Court judgement, say sources, isn't motivating enough for them to walk the extra mile as, regulatory interference such as capping royalties or unpredictable policies remains a roadblock

Slowdown in sugar exports a major headache for inventory-saddled industry

While a stronger rupee and lower crude price have hardened the overseas market, the decline in sugar prices from the peak has made exporting the commodity economically unviable

Non-defaulting NSEL brokers join hands in defence against probe agencies

Two broker bodies ask members to deposit Rs 5 lakh each in a common pool to take the fight forward

Sugar production may be revised lower despite initial optimistic trend

Maharashtra may produce significantly lower quantities of the commodity this year due to drastically lower rainfall and white grub infestation

Mills set to take a major hit as Jan arrivals signal poor cotton crop

Wide gap seen between initial estimates and actual output; mills may be forced to import at sky-high prices

Jewellery exporters welcome govt move to exempt gold import from IGST

We are also expecting a similar relief to the exporters of articles of silver and platinum very soon, said Pramod Kumar Agrawal, chairman of Gem & Jewellery Export Promotion Council