Thursday, October 08
Shares of Multi Commodity Exchange of India (MCX) gained 3.8% to their new lifetime high of Rs 7,700.20 on the BSE on Monday, June 9, after the bourse received regulatory approval to launch electricity derivatives— a first for India and a landmark development in the evolution of its energy trading landscape.“The Multi Commodity Exchange of India Ltd. (MCX), India’s leading commodity derivatives exchange, has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, marking a significant milestone in the evolution of India’s energy trading landscape,” the company said in a regulatory filing.In a press release dated June 6, MCX announced that it has received the green light from SEBI to introduce electricity derivatives contracts.Al
CHANDRAPUR/SOLAPUR: April marks the start of the cruelest months for residents of Solapur, a hot and dry district in western India. As temperatures soar, water availability dwindles. In peak summer, the wait for taps to flow can stretch to a week or more. Just a decade ago, water flowed every other day, according to the local government and residents of Solapur, some 400 km inland from Mumbai. Then in 2017, a 1,320-megawatt coal-fired power plant run by state-controlled NTPC began operations. It provided the district with energy - and competed with residents and businesses for water from a reservoir that serves the area. Solapur illustrates the Catch-22 facing India, which has 17% of the planet's population but access to only 4% of its water resources. The world's most populous country pla
