Wednesday, Aug 12 2020 | Time 18:38 Hrs(IST)
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  • Assam launches its largest-ever DBT scheme assuring Rs 830 per month for 17 lakh families
  • HC directs Ernakulam district collector to take over Marthoman Church by Aug 17
  • Officers are not even listening to the CM: Akhilesh
  • Amit Shah seized to bring lasting peace to NE, resolve all issues: Himanta
  • Gadkari calls for enhanced international investment in Infrastructure, MSME sector
  • Centre’s interlocutor RN Ravi should continue, demand 14 apex Naga tribal bodies
  • No complete lockdown on August 28 in Bengal
  • QRT jawan injured in militant attack in Sopore
  • Death toll due to flood in Bangladesh reaches 202
  • Alex Marquez and Stefan Bradl ready for a rejuvenated challenge at Austrain GP
  • Rajasthan registers 595 COVID-19 cases, 10 deaths
  • Odisha to conduct Covid tests at sub divisional hospitals, community health centres- Naveen
  • Saudi Arabia cuts off its loan, oil supply to Pakistan
  • Withdrawal of Statewide complete lockdown on August 28 (Friday)
  • Assam govt ‘hesitant’ to fix definition of ‘Assamese people’ at fag end of term
Business Economy


BSE commodity derivatives segment registers new milestone

Kolkata, Jul 09 (UNI) The commodity derivatives segment at BSE registered a new high of INR 3,015 crores on July 8. The commodity derivatives segment platform is gaining wide investor participation since the launch of 'Option in Goods' in Gold mini and Silver kg from 1 June 2020, which also registered a new high of INR 2,998 crores.

Gold mini and Silver kg 'Options in goods' contracts are based on spot prices and are physically settled on expiry. Gold mini contracts which expired at the end of last month were delivered at BSE designated vaults at Ahmedabad, Gujarat, amid this lockdown.

BSE has received extremely positive response from all stakeholders for these contracts and is the market leader in the bullion options segment. In about a month since launch, BSE has become the second largest commodity exchange in terms of turnover.

Sameer Patil, CBO of BSE said "With Commodity 'options in goods' contracts, we seek to gain wider participation and add new vibrancy to our commodity derivatives platform. Seamless and integrated trading and delivery at BSE is extremely beneficial for small and mid-level jewellers and bullion dealers, who can not only hedge their price risk but also avail delivery on expiry of the contract."

BSE thanks the consistent support and active participation of all its members and looks forward to increased volumes in the future.

UNI SJC AND
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Valuefy steers against the currents to hire a new COO as part of their global expansion

12 Aug 2020 | 5:38 PM

MUMBAI, India, Aug. 12, 2020 /PRNewswire/ -- Valuefy, a premier investment technology company, soars high to hire Yateen Chodnekar as their new Chief Operating Officer for their global operations. Yateen has extensive experience over two decades in leading IT teams across multinational organizations like Boston Consulting, Merrill Lynch, Deutsche Bank, and Morgan Stanley. In his prior roles as CIO, Board Member, he has groomed multi-country, multi-cultural teams to support businesses across borders.

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Unbxd announces game-changing 5-minute AI-powered search and product discovery setup tool for online retailers

12 Aug 2020 | 5:34 PM

SAN MATEO, California, Aug. 12, 2020 /PRNewswire/ -- Unbxd Inc., a leading provider of AI-based Commerce Search and Product Discovery solutions, announced its new 5-minute AI activation tool for online commerce businesses. With this new feature, online commerce sites across verticals will be able to set up sophisticated and contextually relevant search within minutes of creating an account with Unbxd using AI, dramatically increasing customer conversions and sales.

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Reliance Foundation makes partnership with W-GDP

Reliance Foundation makes partnership with W-GDP

12 Aug 2020 | 5:23 PM

Mumbai, Aug 12 (UNI) Reliance Foundation Under the Women’s Global Development and Prosperity (W-GDP) initiative has announced a new partnership with US Agency for International Development (USAID)
New partnership would bridge the gender digital divide in India.

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Mahindra Manulife Mutual Fund Launches ‘Mahindra Manulife Arbitrage Yojana,’ an open ended scheme investing in arbitrage opportunities

Mahindra Manulife Mutual Fund Launches ‘Mahindra Manulife Arbitrage Yojana,’ an open ended scheme investing in arbitrage opportunities

12 Aug 2020 | 5:20 PM

Kolkata, Aug 12 (UNI) Mahindra Manulife Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL) launches ‘Mahindra Manulife Arbitrage Yojana,’ an open ended scheme for investment in arbitrage opportunities available in equity, derivatives and debt markets.

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Bharat Forge Q1 net loss at Rs 127 32 cr

12 Aug 2020 | 5:12 PM

Mumbai, Aug 12 (UNI) Bharat Forge has reported a net loss of Rs 127.32 crores for the quarter ended June 30, 2020 as against net profit of Rs.171.92 crores for the quarter ended June 30, 2019.

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