Indian Bourses' Turf War Over Derivatives Market Heats Up
A rivalry between India's major stock exchanges has entered a high-stakes phase, as they wrestle for control over the derivatives market in potential implications for everything from trading volumes to liquidity flows.
The National Stock Exchange of India Ltd. is trying to change the expiration for listed derivative contracts from Thursday to Tuesday — a day traditionally dominated by its smaller bourse BSE Ltd. A shift could help the NSE regain market share from its rival, which has benefited after curbs by the capital markets regulator hit trading of NSE's most-popular options, pushing traders to look for alternatives at the BSE.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Hong Kong IPOs, Share Sales Surge 600%
Hi, it's Julia Fioretti and Dong Cao in Hong Kong, where the mood is picking up thanks to some blockbuster deals in the capital markets this year. Elsewhere, it's a different story for IPOs in Saudi Arabia. Today's top stories
Yahoo
2 hours ago
- Yahoo
US Commerce Secretary Howard Lutnick and Second Lady Usha Vance Address USISPF Leadership Summit 2025
Washington, District Of Columbia , June 04, 2025 (GLOBE NEWSWIRE) -- The U.S.-India Strategic Partnership Forum (USISPF) convened its Leadership Summit 2025 in Washington, D.C., bringing together a distinguished group of senior government and business leaders, policy makers and thought leaders to celebrate and advance the U.S.-India-Japan partnership.(L-R): John Chambers (Chairman, USISPF), Dr. Mukesh Aghi (President & CEO, USISPF), Arvind Krishna (Chairman & CEO, IBM), Secretary Howard Lutick (US Commerce), Toshiaki Higashihara (Chairman, Hitachi), Kumar Mangalam Birla (Chairman, Aditya Birla).USISPF was proud to host the Second Lady of the United States, Ms. Usha Vance, in a conversation with John Chambers, Chairman, USISPF. described the US-India relationship as 'very personal' to her, highlighting a moment of 'great opportunity' in the evolving bilateral ties. 'When we were visiting India recently, I was struck by the number of people who came up to me and said how much they loved our country, how they visited family, how they visited just for pleasure, and how they were hoping for a close relationship going forward. I think these personal ties have something to do with it.' said while reminiscing about her visit to India along with her family. She continued, speaking on her upcoming priorities, "Literacy is going to be a big focus of my efforts. It's a natural fit, given that I have small children and my own personal interests." Following her remarks, Mr. John Chambers, Chairman of USISPF, delivered opening comments emphasizing the role of innovation and public-private partnerships in strengthening bilateral ties. The Summit featured engaging discussions with Ambassador Vinay Mohan Kwatra, Ambassador of India to the United States, Congressman Rich McCormick, Co-Chairman of the India and Indian-American Caucus and Senator Steve Daines. The keynote address was delivered by the U.S. Secretary of Commerce Howard Lutnick, who outlined strategic priorities for deepening economic collaboration between the U.S. and India. 'I am a great fan of India, and even the people in the government know it's true.' stated, underscoring his long-standing admiration for the country. Drawing from his experience and understanding of India's growth, he added, "From what I know about India, the core population of India has that drive and ambition, and that's why the Indian economy will always continue to grow and thrive. It has that underpinning, and you can do things in India that, in many other countries, you just can't get done." Emphasizing the positive trajectory of ongoing trade negotiations, he stated, 'You should expect a deal between the United States and India in the not-too-distant future, because I think we have found a place that really works for both countries.' Lastly, touching upon U.S. foreign policy under current leadership, he emphasized, 'The President thinks 'America First,' but he does not think 'America only' or 'America exclusively.' He will first take care of home - so that we are big and strong - but then he is going to take care of his allies. He is going to make sure that he takes care of India - whom he deeply, deeply admires and respects - and we are going to have a great, great relationship together.' The evening culminated in the presentation of the USISPF Global Leadership Awards 2025, to Mr. Arvind Krishna, Chairman, President & CEO, IBM; Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group and Mr. Toshiaki Higashihara, Executive Chairman, Hitachi, Ltd. These leaders were recognized for their outstanding contributions in strengthening the U.S.–India–Japan economic corridor. Under the leadership of , is the largest Indian greenfield investor in the United States, with investments exceeding $15 billion. , "It is a great honor to receive the 2025 USISPF Global Leadership Award. This recognition is a testament to Aditya Birla Group's deep commitment to the U.S., and belief in the potential to further deepen the U.S.-India partnership. We are proud to have started our journey in the U.S. over 18 years ago, and to place big bets here. We continue to choose America because we believe in the strength, stability, and promise of this nation, and our commitment goes beyond capital – we are investing in people, in communities, and in long-term impact to create mutual prosperity." , was honored for his leadership in redefining the future of technology especially in AI, hybrid cloud, and quantum computing. Arvind has ensured that India continues to play a central role in the company's global expansion plan and has been passionate about championing US-India deep tech ties. Under Arvind's leadership, IBM will continue to invest $150 billion in America over the next five years to fuel the economy and accelerate its role as the global leader in computing. "I'm honored to receive this award and grateful for the support of USISPF and its allies in strengthening the U.S.-India-Japan relations,' . 'IBM has built partnerships and made sustained technology investments in each country, and I believe these collaborations provide the right foundation for powerful innovation and growth." , was honored for leading Hitachi's transformation into a leader in Energy, Mobility, Industrial Automation, and Digital Technology, driving growth through sustainable development and benefits for society. Reflecting upon Hitachi's long-standing legacy in India, and accepting the award, he remarked, 'Having first established a presence in India in 1933, Hitachi has enjoyed a rich and enduring relationship with the country. India offers Hitachi a tremendous wealth of deep technical talent, and Hitachi brings a broad spectrum of solutions to India, from Mobility to Energy Infrastructure, to Software and Services. As we continue to serve our clients globally, our collaboration with USISPF, along with strong partnerships across the public and private sectors in both the United States and India, will be pivotal in fulfilling our commitment to delivering innovations that benefit society and the planet."Second Lady of the United States, Ms. Usha Vance in conversation at the USISPF Leadership USISPF The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the U.S.-India partnership in Washington, D.C., and in New Delhi, USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and the governments of India and the United States. Press inquiries USISPF Ankit Jain ajain@ 2244607900 2550 M St NWWashington, DC 20037, USA A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 hours ago
- Business Wire
CORRECTING and REPLACING Vanta Music Rebrands Label Venture With Disney Music Group and Signs First Artists to Roster
BURBANK, Calif.--(BUSINESS WIRE)--Please replace the release dated June 2, 2025, with the following corrected version due to multiple revisions. The updated release reads: VANTA MUSIC REBRANDS LABEL VENTURE WITH DISNEY MUSIC GROUP AND SIGNS FIRST ARTISTS TO ROSTER Vanta Music (formerly Good Company Records) have been steadily building their presence with Oscar ®, Grammy ® Award-winning projects, high-profile soundtrack productions for Lucasfilm and Marvel Studios, as well as lending their creative genius to a bevy of artists and even a theme song for Disney Parks. Today, they announce their first signings, Samara Cyn, India Shawn and RÜDE CÅT, to the Vanta label venture with Disney Music Group. Samara Cyn is an artist and songwriter who creates a viral sensation with every move she makes, whether it's new music or live shows. Samara has a gift for pushing the confines of melodic and lyrical rap, hip-hop, pop and alternative styles backed by visceral artistic content. Samara has been named to numerous high-profile 'Ones to Watch' lists including Spotify and 'Complex,' and 'Rolling Stone' recently featured Samara on their 'Future 25 Artists,' a list of 25 artists across all genres who are defining the sound of tomorrow. Samara Cyn recently announced that her highly anticipated new Backroads EP is slated for release on June 20th. In celebration, she shares her explosive collaboration with Smino on their new track 'Brand New Teeth.' Samara is currently on a sold-out nationwide tour with Smino. Singer and songwriter India Shawn is unfiltered, fearless, and always evolving. The Los Angeles-born singer-songwriter has long been admired for her raw storytelling, effortlessly making listeners feel like they're catching up with an old friend. Now, as she steps into a new chapter, she's bringing a fresh sonic evolution to 2025—one that's deeply authentic yet undeniably new. India has penned hits for Chris Brown, Monica, and Keri Hilson, and has toured extensively along with notables such as and 6lack. India Shawn recently released 'There Must Be A God'—the soul-stirring anthem that served as the end-credit song for Andscape's Hulu film 'She Taught Love.' India continues to solidify her space as a voice that moves between the celestial and the familiar, carrying echoes of something eternal yet intimately known. India has long been an artist's artist—respected, studied, and celebrated by those in the know. India will release new music in June. RÜDE CÅT is a dynamic artist known for his incredible voice, evocative songwriting, and genre-blurring approach to music. Seamlessly blending alternative rock, pop, RnB, and orchestral elements, he crafts immersive soundscapes that are as cinematic as they are emotionally charged. His powerful, smooth vocals soar over intricate productions, creating a unique fusion of raw intensity and polished artistry. With each track, he pushes boundaries, proving himself not just as a musician but as a visionary capable of transforming emotion into resonating sonic experiences. Vanta Music is helmed by principals D'Mile, Natalie Prospere and John Kercy. D'Mile is a prolific songwriter and producer, who has worked with Victoria Monet, H.E.R., Silk Sonic, Rihanna, Bruno Mars, Janet Jackson, Lucky Daye, Ciara and countless others. D'Mile recently produced and wrote tracks for Victoria Monet's Grammy ® winning album, as well as her original end-credit song 'Power of Two' for 'The Acolyte.' D'Mile is the first songwriter in history to win back-to-back Grammys ® for the prestigious Song of the Year category and has been thrice nominated for the Grammy ® Producer of the Year category. D'Mile has racked up 20 total Grammy ® nominations. D'Mile is also an Oscar ® winner in the Best Original Song field and was acknowledged by BMI as Songwriter of the Year in 2023. D'Mile contributed to the Marvel 'Spider-Man 2' video game opening song with the insanely catchy 'Swing' track and produced the Disney Parks theme song 'We Came To Play.' Billboard featured D'Mile in their 2025 Grammy Preview, asserting, 'With old-school polish and technique, songwriter-producer D'Mile helps stars like Bruno Mars and H.E.R. blend retro and modern styles into pop and Grammy gold.' Natalie Prospere is a multi-hyphenate music executive experienced in artist development, talent management and consultation for artists and companies alike. Her roster of world-class writers, producers and artists has garnered over 10 multi-platinum RIAA ® Awards, multiple Top 10 'Billboard' chart entries and numerous Grammy ® Awards. Prospere is the creator of the culture-bridging project 'Friends Only' that specializes in equitable artist partnerships and emphasizes the importance of organic relationships and forward-thinking development throughout the Caribbean and Black diaspora. John Kercy added another Grammy ® Award to his growing collection in 2024 for Best Engineered Album, Non-Classical for his contribution to Victoria Monet's Jaguar II album. Kercy has earned 5 Grammy ® nominations and taken home the gold three times. Kercy is Vanta's secret sauce, as an award-winning mixing and audio engineer who has worked with an esteemed array of musicians including Lil Wayne, GIVĒON, Ty Dolla $ign, Lucky Daye, and more. With a vision of building an increasingly powerful and self-contained artistic community, a sense of fair play is paramount to VANTA Music's origins. The founding trio vows to cultivate an environment where its clientele can flourish beyond any perceived confines, while reaping the benefits of the collective's artistic and strategic prowess. It is this strict moral compass that affords VANTA Music's artists the trust and comfort necessary to generate truly phenomenal recordings. Beyond that, it allows their stable of creatives to thrive and explore their gifts without fear of exclusion or judgment. Centered in a promise to usher in a new era of artistic respect and equality, VANTA Music is steadfast in the belief that ethical consciousness is synonymous with musical brilliance. The imprint is determined to build lasting, mutually beneficial relationships that defy the grimly transactional nature of the industry. By artists, for artists, and equipped with a holistic understanding of what will drive change, VANTA Music is shaping a musical landscape that's diverse, equitable and pulsating with melody. It's not just business—it's personal. It's cultural. It's a community.
