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Indian Commodity Exchange to start operations in June
Mumbai : Indian Commodity Exchange, a screen-based on-line derivatives exchange for commodities with Reliance Capital as the largest shareholder, on Monday said it will commence its operations in June and announced the completion of its maiden rights issue of Rs.50 crore.
“The board of directors of the exchange, in a meeting held here today (Monday), took on record that the rights issue has been fully subscribed at 100 percent premium to face value, valuing the exchange at Rs.250 crore,” a company statement said.
The exchange is a public-private partnership with Anil-Ambani-led Reliance Exchangenext, MMTC, Indiabulls Housing Finance, Indian Potash, Kribhco and IDFC Bank as its main shareholders.
“The exchange will start its operations in June 2016, subject to regulatory approvals. Initial focus of will be on non-agri products — such as precious metals and crude — and the offerings will be expanded to other commodities in due course,” the statement said.
“The exchange will focus on providing commodity value chain participants with neutral, secure and transparent trade mechanisms and help in formulating quality parameters and trade regulations, in conformity with the regulatory frame work”, said chairman-designate Ashok Sinha.
The RG Marathon Championship Run 2023 in Goa was a testament to inclusivity. Initially resistant to including persons with disabilities, it eventually featured wheelchair and standing categories, thanks to advocates’ efforts. Participants showed exceptional determination, emphasizing unity in diversity. Despite challenging weather, they demonstrated the power of community support, highlighting the need for accessibility and inclusion in all state-level events in Goa.
Following the marathon, a gathering of differently-abled individuals, predominantly wheelchair users, convened for a celebratory lunch at Barzilla. The event, orchestrated by Mr. Shariq Khan and Mr. Zain Aftab, proprietors of Barzilla, honored the birthday of Sadaf Fatima, who also uses a wheelchair and is Mr. Shariq Khan’s wife.
The lunch featured esteemed guests including the Tourism Minister of Goa, MLA Rohan Khaunte of Porvorim, Social Welfare Minister Subhash Phal Desai, and the State Commissioner for Persons with Disability in Goa, Guruprasad Pawaskar. The event was impeccably hosted by Ms. Falak Fatima and Mr. Adarsh Parashar, offering activities such as Karaoke and Billiards. The youth of Goa exhibited their unwavering support for the community, making the party an unequivocal success.
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