Latest news with #NCDEX
Economic Times
5 days ago
- Business
- Economic Times
NCDEX gets in-principle Sebi nod to launch equities, derivatives; plans Rs 750 crore fundraise: Source
India's largest agri-commodity exchange National Commodity & Derivatives Exchange Limited (NCDEX) has received an in-principle approval from the Securities and Exchange Board of India (Sebi) to launch its equity and equity Derivatives segment, a source in the know of things told ETMarkets. ADVERTISEMENT The market regulator gave its nod to NCDEX via a July 29 letter but the final approval for launch is subject to fulfilment of certain conditions. Sebi has laid down three conditions before NCDEX, this source said. One is that the commodity volumes should not be impacted and it must remain robust and NCDEX's strength is commodity and it accounts for 94% of the commodity market. Another condition is that NCDEX must maintain the IT timelines. This source said that NCDEX should get its technology infrastructure ready and fulfil compliances before the launch of the equity segment. The source said that its technology partner is MIT whose services are also employed by the London Stock Exchange (LSE)."The technology and infrastructure development required for equity segment work is already underway in terms of need assessment and mapping the road as stipulated in the said letter," the source has also directed NCDEX to start its equity offering first in the cash segment, the source said. ADVERTISEMENT NCDEX's foray into the equity segment is part of its plans to diversify its offerings. The company's board had on February 12 given its nod to the company to launch its equity exchange plans to invest Rs 750 crore to develop the segment and has institutional backing to raise the required capital, according to the source. ADVERTISEMENT NCDEX is being pitted against the Metropolitan Stock Exchange (MSE) which also has plans to offer derivatives strength is its deep rural penetration unlike MSE which draws its strength from institutional investors, this person said. ADVERTISEMENT NCDEX offers contracts of Cereals and Pulses, Oil and Oil seeds, Fibres (like Kapas and cotton), spices, Guar Complex and metals. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
NCDEX gets in-principle Sebi nod to launch equities, derivatives; plans Rs 750 crore fundraise: Source
India's largest agri-commodity exchange National Commodity & Derivatives Exchange Limited ( NCDEX ) has received an in-principle approval from the Securities and Exchange Board of India ( Sebi ) to launch its equity and equity Derivatives segment, a source in the know of things told ETMarkets. The market regulator gave its nod to NCDEX via a July 29 letter but the final approval for launch is subject to fulfilment of certain conditions. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Sebi has laid down three conditions before NCDEX, this source said. One is that the commodity volumes should not be impacted and it must remain robust and NCDEX's strength is commodity and it accounts for 94% of the commodity market. Another condition is that NCDEX must maintain the IT timelines. This source said that NCDEX should get its technology infrastructure ready and fulfil compliances before the launch of the equity segment. The source said that its technology partner is MIT whose services are also employed by the London Stock Exchange (LSE). "The technology and infrastructure development required for equity segment work is already underway in terms of need assessment and mapping the road as stipulated in the said letter," the source said. Live Events Sebi has also directed NCDEX to start its equity offering first in the cash segment, the source said. NCDEX's foray into the equity segment is part of its plans to diversify its offerings. The company's board had on February 12 given its nod to the company to launch its equity offerings. The exchange plans to invest Rs 750 crore to develop the segment and has institutional backing to raise the required capital, according to the source. NCDEX is being pitted against the Metropolitan Stock Exchange (MSE) which also has plans to offer derivatives products. NCDEX's strength is its deep rural penetration unlike MSE which draws its strength from institutional investors, this person said. NCDEX offers contracts of Cereals and Pulses, Oil and Oil seeds, Fibres (like Kapas and cotton), spices, Guar Complex and metals.
India Gazette
05-07-2025
- Business
- India Gazette
India's First Weather Derivative aims to protect farmers from weather volatility
New Delhi [India], July 5 (ANI): Highlighting the potential benefits of the recent Memorandum of Understanding (MoU) between the National Commodity & Derivatives Exchange (NCDEX) and the India Meteorological Department (IMD), Dr Mrutyunjay Mohapatra, Director General of IMD, said the collaboration would provide critical climate insights for the agriculture sector. He noted that farmers and agri-based industries can use historical weather data to assess whether areas are drought-prone, flood-prone, or receive normal rainfall. 'So, under this memorandum of understanding, rainfall has been taken into consideration because rain is the most important parameter concerning agriculture and hence the economy. Towards this direction, the historical data will also be provided by IMD so that there can be an assessment with respect to the climatic hazard potential of rainfall during the monsoon season. And also the real-time rainfall; whatever is available from IMD in the gridded format or point rainfall will be provided to assess the variation of rainfall on their end and also to provide the services,' he added. 'Agriculture in our country depends especially on monsoon rain because 70-90 per cent of rainfall occurs in this season,' IMD DG Mrityunjay Mohapatra said. 'On the real-time rainfall, they can find out whether it is as per the climatological trend or there is a deviation... Accordingly, there could be some decisions concerning agriculture as well as agro-business and industry,' he added. Based on this information, stakeholders can make informed decisions in agriculture, agro-business, and related industries, IMD DG added. National Commodity & Derivatives Exchange Limited (NCDEX) and the India Meteorological Department (IMD) signed a landmark Memorandum of Understanding (MoU) on 26 Jun 2025. This strategic alliance lays the critical groundwork for the launch of India's first weather derivatives--a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related risks such as erratic rainfall, heatwaves, and unseasonal weather events. With this partnership, NCDEX will develop a rainfall-based derivative product, among others, using historical and real-time datasets sourced from IMD. These datasets are extensively graded and quality verified, offering high-precision insights that can mimic real-world conditions with statistical accuracy. The weather product to be developed under this collaboration will enable seasonal and location-specific derivative contracts. They shall advance expertise on weather-related risks across agriculture, transportation, and allied industries. Arun Raste, Managing Director & CEO, NCDEX, said, 'This partnership with IMD opens the door to a new era in commodity markets. Weather derivatives have long been a foundational need towards building a climate-resilient rural economy. With climate volatility increasingly affecting the productivity and income of farmers, these instruments provide a market-based solution to weather risk. It gives me immense pleasure that NCDEX has taken the first step in bringing this innovation to India, empowering farmers, traders, and even sectors like tourism and transport to manage climate uncertainty more effectively.' The collaboration will support capacity-building, joint research, and training programmes for stakeholders including FPOs, agri-traders, policy think tanks, and analysts. (ANI)
&w=3840&q=100)
Business Standard
03-07-2025
- Business
- Business Standard
Forecast meets futures with NCDEX to tap real-time IMD weather data
This would help NCDEX develop statistically validated weather indices that form the foundation of weather-linked futures contracts New Delhi Listen to This Article In a step towards the formal launch of India's first weather derivatives, the country's leading commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), and premier state-run weather forecaster, the India Meteorological Department (IMD), on Thursday signed a memorandum of understanding (MoU) that will give the former access to IMD's historical and real-time weather data. This would help NCDEX develop statistically validated weather indices that form the foundation of weather-linked futures contracts. The agreement is after weather derivatives were included in the Securities Contracts (Regulation) Act, 1956 (SCRA), in 2024, paving the way for commodity exchanges to offer them as
Time of India
03-07-2025
- Business
- Time of India
NCDEX, IMD ink pact to launch India's first weather derivatives
The National Commodity and Derivatives Exchange Ltd ( NCDEX ) on Thursday said it has inked an agreement with the India Meteorological Department ( IMD ) that will lay critical groundwork for launching India's first weather derivatives . This Memorandum of Understanding (MoU), signed on June 26, lays the critical groundwork for the launch of India's first weather derivatives -- a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related risks such as erratic rainfall, heatwaves, and unseasonal weather events, NCDEX said in a statement. With this partnership, NCDEX will develop a rainfall-based derivative product, among others, using historical and real-time datasets sourced from IMD. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Treatment That Might Help You Against Knee Pain Knee pain | search ads Find Now Undo "While our endeavour is to launch it early so that stakeholders benefit. We will need time for developing a product considering southwest and eastern monsoon cycles and then test our hypothesis before we submit it for regulatory approval and it is difficult to give any concrete timeframe at this juncture," NCDEX Managing Director and CEO Arun Raste told PTI. The weather product to be developed under this collaboration will enable seasonal and location-specific derivative contracts and will advance expertise on weather-related risks across agriculture , transportation, and allied industries. Live Events "This partnership with IMD opens the door to a new era in commodity markets. Weather derivatives have long been a foundational need towards building a climate-resilient rural economy . With climate volatility increasingly affecting productivity and income of farmers, these instruments provide a market-based solution to weather risk," Raste said. The collaboration will support capacity-building, joint research, and training programmes for stakeholders, including FPOs, agri-traders, policy think tanks, and analysts. "IMD has always played a vital role in supporting agriculture and disaster resilience. Through this collaboration with NCDEX, we are now extending our scientific capabilities into the financial domain, allowing weather data to become a powerful instrument of economic stability and market innovation," IMD Director General of Meteorology Mrutyunjay Mohapatra said.
