RBI proposes changes to banks’ foreign exchange position rules

RBI proposes changes to banks’ foreign exchange position rules

The RBI said the proposed guidelines are aligned with Basel Committee standards and aim for uniform implementation across regulated entities. | Photo Credit: The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according […]

China’s reliance on Iranian oil leaves it exposed to Middle East supply risks

China’s reliance on Iranian oil leaves it exposed to Middle East supply risks

Sanctions have left Iran with limited buyers, allowing China—mainly independent “teapot” refiners—to secure deeply discounted crude. China, the world’s largest crude importer, is the main buyer of oil ‍from OPEC producer Iran, leaving Beijing uniquely exposed to any supply disruption fromconflict in the Middle ​East. Beijing, which is also the biggest buyer of oil from […]

Markets set for positive open despite fresh US tariff concerns

Markets set for positive open despite fresh US tariff concerns

Asian markets were trading higher and US indices closed firm overnight, aiding the rebound. | Photo Credit: Indian equity markets are likely to open on a positive note on Tuesday, despite another salvo fired by the US administration. U.S. President Donald Trump said on Monday that countries that do business with Iran will face a new […]

NSE to launch trading of electronic gold receipts, says CEO

NSE to launch trading of electronic gold receipts, says CEO

EGRs are receipts issued by SEBI-regulated vault managers based on the deposit of physical gold. The receipts are credited to the investor’s demat account who can then use it if trading gold on the exchanges. | Photo Credit: Getty Images The National Stock Exchange(NSE) is working on introducing gold dematerialisation through Electronic Gold Receipts (EGR), […]

Critical metals, sustainable future: Why aluminium deserves policy priority

Critical metals, sustainable future: Why aluminium deserves policy priority

Globally, every nation is recalibrating the industrial strategy i.e. decarbonisation, green energy, circular economy and strategic critical metals to meet their economic and climate commitments. The critical metal strategy redefines the low carbon or green metal transition and national security. Aluminium is quietly emerging as one of the most critical low-carbon enabler due to its […]

SAT directs SEBI to share complainants’ details in Asmita Patel case

SAT directs SEBI to share complainants’ details in Asmita Patel case

SEBI’s interim order had accused the firm of providing unregistered investment advisory and research analyst services through courses and online platforms such as Telegram and Zoom. | Photo Credit: FRANCIS MASCARENHAS The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (SEBI) to disclose the identities and basic details of complainants […]