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regulator on Wednesday allowed co-existence of the current title transfer collateral mechanism and the new pledge and re-pledge process till August 31.


The decision has been taken in view of the prevailing situation due to the Covid-19 pandemic and partial lockdowns in various areas of the country.



Besides, the regulator received representations from stock brokers regarding changes to the systems and software development.


In a circular, the Securities and Exchange Board of India (Sebi) said the mechanism of pledge and re-pledge will be implemented with effect from August 1.


Trading members (TMs) or clearing members (CMs) need to align their systems and accept client collateral and margin-funded stocks by way of creation of pledge and re-pledge in the depository system.


It further said TM or CM will also be allowed to accept client


regulator has streamlined settlement regulations to make procedures faster and more effective.


In order to save time,said instead of issuing settlement notice under the regulations, a paragraph will be included in the show cause notice informing the noticee about the option to file a settlement application.



has amended settlement regulations to implement the changes, the regulator said in a notification dated July 22.


In addition, amendments have been made to the settlement regulations to include promoters along with the Principal Officer for the purpose of calculation of the base amount.


Besides, base amount for alleged defaults relating to open offer violations, where the making of the open offer has become infructuous, has been rationalised and benchmark for certain base amount has been suitably amended.


After the acceptance of settlement terms,


regulator has imposed a penalty of Rs 1 crore on in connection with lapses in assigning credit rating to non-convertible debentures of (RCom).


The case relates to default committed by RCom on the repayment of principal amount of Rs 375 crore and interest of Rs 9.7 crore due in February 2017 and March 2017, respectively.



In May 2017, downgraded the ratings assigned to non-convertible debentures (NCDs) issued by RCom to default.


found that had failed to monitor the factors affecting the creditworthiness of RCom in a timely manner, resulting in significant delay in conducting the rating process and downgrading the rating.


It further said the rating agency had failed to initiate a review of its earlier ratings assigned to RCom even after the publication of third

After suspending ‘options on futures’ contracts, the National Commodity and Derivatives Exchange (NCDEX) has decided to launch ‘options on goods’ contracts in certain farm commodities on Monday.

Earlier, options were devolving into futures and settlement was at a fixed price. Now Sebi allows direct settlements in options, under which the farmer will benefir from price volatility.


Available in three commodities, namely, rapeseed/mustard seed, maize and wheat to begin with, these contracts would allow both, farmers and other participants in the value chain such as aggregators, farmers producers organisations (FPOs) and farmers producers companies (FPCs) to hedge the price risk in agricultural commodities before the actual sowing season begins. Through this, farmers and other participants can lock their prices by paying a small premium in ‘options in goods’ contracts and get the benefit of price volatility either side.

Through this mechanism, farmers and aggregators would be able


today jumped to Rs 50,750 from Rs 50,200 per 10 gram on Friday, while silver fell to Rs 61,050 from Rs 62,000 per kg, according to the Good Returns website.


Gold jewellery prices vary across India, the second-largest consumer of the metal, due to different excise duty, state taxes, and making charges.


In New Delhi, the price of 22-carat gold rose to Rs 49,550 per 10 gram, and in Chennai to Rs 48,790. In Mumbai, the rate was Rs 49,600, according to the Good Returns website. The price of 24-carat gold in Chennai was at Rs 53,220.


On MCX, August gold futures climbed 0.66 per cent to Rs 51,035 per 10 gram. Silver September futures jumped to Rs 61,223 per kg.


ALSO READ: International gold price flirting with all-time high seen nine years ago


MCX, meanwhile, has decided


The United States’ withdrawal of special status to is set to to boost Indian to developed nations and help the country become the world’s largest diamond trading hub, experts said.


Following Beijing’s imposition of national security law on early this month, the independence of some seven million people in was seized by Chinese authorities. This means, citizens in Hong Kong will no longer be able to protest or launch processions against the Chinese government.



Following the Chinese action, the United States on July 14 announced withdrawal of special status granted to Hong Kong. United Kingdom, Australia and Canada also joined the US in condemning Chinese aggression on Hong Kong.


“This move will possibly create opportunities to India in gems and jewellery trade. For the United States, Hong Kong and China are