business

The government has withdrawn the ban on trading in wheat futures following which the Forward Market Commission (FMC) has written to all national-level commodity exchanges to launch new contracts after getting a nod from the commodity market regulator. Former finance minister P Chidambaram, in his budget speech for 2008-09, had announced the delisting of all … Read more Govt withdraws ban on trading in wheat futures

In a survey of 17 forecasters conducted by the Reserve Bank of India (RBI), the economic growth of the country is likely to expand at a rate of 5.7%-6%, slower than expected earlier in the current financial year. The survey has also predicted more rate cuts as there is an enough room for banks to … Read more RBI survey pegs economy growth below 6%

Kotak Mahindra Bank has received a clearance from the Forward Market Commission (FMC) for its proposal to invest the regional commodity bourse – Ahmedabad Commodity Exchange (ACE). However, the bank refused to divulge details about picking up stake in the regional bourse. ACE, which is being upgraded to a national level bourse, is expected to … Read more Kotak Bank gets FMC nod to invest in Ahmedabad Commodity Exchange

Radico Khaitan, the spirits major of the country is all set to launch its super-premium brandy this month as an initiative to focus on premium-focused growth strategy. The company will launch its brand Morpheus this month which was scheduled to be launched around six to eight months ago. The brand will cost Rs 550 to … Read more Radico Khaitan’s super-premium brandy Morpheus to Hit the Shelf

NIIT has enhanced its portfolio in yet another state in India. The company has entered into a contract with the Department of Education, Government of Gujarat for introducing computer aided learning in 1,870 high and higher secondary government schools for classes 9-12 in Gujarat. It would be a five-year contract and is valued at Rs … Read more NIIT to introduce computer aided learning in 1,870 schools in Gujarat