BSE's international exchange, the India International Exchange (India INX), at the International Financial Services Centre in the Gujarat International Finance Tec-City, today said it has renamed its derivative contract - S&P BSE Sensex 50 Futures & Options contracts - to 'India 50 Futures & Options contracts'.
India INX, is a wholly-owned subsidiary of BSE and is the country's first international exchange. It commenced trading on January 16, 2017.
The exchange boasts of one of the world's most advanced technology platforms with a turn-around time of four micro seconds and operates for 22 hours to allow international investors and NRIs to trade from anywhere across the globe.
********************* MCX cotton deposits up by 294% to 1.61 lakh bales in June *
The Multi Commodity Exchange of India (MCX) today said cotton deposits have increased by 294 per cent year-on-year in June this year to 1.61 lakh bales.
The cotton stocks in warehouses stood at 40,900 bales in June 2017, MCX said in a release here.
The exchange witnessed a 57 per cent jump in cotton contract's average daily volume at 4,085 lots (25 bales each) in June 2018, from 2,605 lots in June 2017.
"It resulted in a substantial increase in average daily value to Rs 231 crore in June from Rs 132 crore in same month of 2017," the release said.
********************* SEA joins hands with DMSI, SNAL to promote palm oil *
The Solvent Extractors Association (SEA) today said it signed an agreement with the Indonesian Palm Oil Board (DMSI) and Solidaridad Network Asia (SNAL) to jointly promote sustainable production and trade of palm oil.
Under the memorandum of understanding (MoU), there will be joint promotions of palm oil in India, Indonesia and other markets through awareness among all stakeholders, including consumers, SEA said in a release.
********************* Oman introduces new short stay visa *
The Sultanate of Oman has announced a new short-term tourist visa at five Omani riyal (OMR) to visit the country for a period of 10 days to boost tourism.
Indians, who hold a valid visa to the US, Canada, Australia, the UK, Japan and Schengen states, can avail the Oman visa through an e-visa process, a release said today.
This is in addition to the existing e-visa for Oman available at 20 OMR with a one-month validity.
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