F&O frenzy: Sebi panel moots 5-6x hike in lot size
The New Indian Express|July 10, 2024
Derivatives mkt has more than doubled to ₹500L cr as of Mar 2024
BENN KOCHUVEEDAN
F&O frenzy: Sebi panel moots 5-6x hike in lot size

THE Sebi-appointed panel on derivatives has suggested a slew of measures to curb the retail investments in the derivatives space, especially by retail investors, by calling for massively hiking the minimum lot size of F&O trades to ₹20-₹30 lakh from ₹5 lakh now and also capping the options contracts to just weekly, among others.

The recommendations, if implemented by the markets watchdog, will take the fizz out of the derivatives market, which has more than doubled to ₹500 lakh crore as of March 2024, making India the world's largest derivatives market with around 85% of the global volume and of which as much as 95% are on the NSE alone.

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The New Indian Express

Notice sent to maritime univ on plea to quash CET

THE Madras High Court has ordered notice to the Indian Maritime University to respond to a petition seeking orders to quash the common entrance test held for admission to three courses alleging that there are no proper guidelines governing the conduct of the test, evaluation and admission process.

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1 min  |
July 28, 2024
TN forms 'One Health' panel to protect people, animals & environment
The New Indian Express

TN forms 'One Health' panel to protect people, animals & environment

WITH the increasing extreme climate events and zoonotic spillover, the state has decided to take 'One Health' approach and constituted a 23-member committee that will help manage the health crisis.

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1 min  |
July 28, 2024
The New Indian Express

ED attaches assets worth ₹298 cr of Chettinad Group

THE Enforcement Directorate's Chennai unit on Saturday said it has attached 298 crore worth of immovable properties of Chettinad Group's South India Corporation Ltd (SICPL) in a money laundering case involving Tamil Nadu Generation and Distribution Corporation (Tangedco).

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1 min  |
July 28, 2024
Mettur level crosses 100-ft mark
The New Indian Express

Mettur level crosses 100-ft mark

WATER level in Mettur dam has hit the 100-foot mark for the 71st time on Saturday morning since the inauguration of the reservoir in 1934.

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1 min  |
July 28, 2024
In Sathuranga Vettai redux, gang sells 'gold' treasure for ₹6 lakh; one arrested
The New Indian Express

In Sathuranga Vettai redux, gang sells 'gold' treasure for ₹6 lakh; one arrested

IN a scene straight out of the Tamil film 'Sathuranga Vettai’, a couple running a photocopy shop were conned of 6 lakh by a gang which sold them fake gold jewellery claiming that it was a treasure unearthed at a construction site.

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1 min  |
July 28, 2024
The New Indian Express

CMDA working on a plan to restore Velachery lake with park & walkways

THE Chennai Metropolitan Development Authority (CMDA) is preparing a detailed project report for Velachery lake restoration, which includes construction of a park, bike lanes, walkways, observation decks, and boating.

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1 min  |
July 28, 2024
Erratic water supply haunts residents of Korukkupet for the past six months
The New Indian Express

Erratic water supply haunts residents of Korukkupet for the past six months

ERRATIC water supply has affected the daily routine of residents in and around Korukkupet for the last six months.

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2 Minuten  |
July 28, 2024
The New Indian Express

Speculation rife on Modi's August visit to Ukraine

SPECULATION is rife on Prime Minister Narendra Modi travelling to Ukraine in August, a month after he visited Russia following the NDA's third consecutive victory in the general elections.

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1 min  |
July 28, 2024
CM slams centre on duty cut after NITI boycott
The New Indian Express

CM slams centre on duty cut after NITI boycott

CHIEF Minister M K Stalin slammed the finance minister's announcement in the Union Budget \"to moderate the high stamp duty levied by states.

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2 Minuten  |
July 28, 2024
The New Indian Express

Attack by Pak special forces kills one jawan

A day after Prime Minister Narendra Modi warned Pakistan on 25th anniversary of Kargil War, Pakistan's Border Action Team and militants attacked the Army's forward post along the Line of Control (LoC) in Machil sector of J&K on Saturday.

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1 min  |
July 28, 2024