Leading stock exchange NSE on Wednesday said it launched its first agricultural commodity futures contract on crude degummed soybean oil on December 1.

The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price.

The contract is a monthly expiry futures contract with a trading lot size of 10 metric tonne (MT) and price basis as Kandla, the National Stock Exchange (NSE) said in a statement.

The first trade was executed by East India Securities Ltd and Budge Budge Refineries Ltd, one of the premier edible oil refiners.

According to the exchange, day one recorded trading of more than 4,200 tonne with turnover exceeding Rs 44.67 crore indicating positive interest of market participants in the CDSO Futures.

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Business Standard has always strived

December
1, 2020

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Modern brand design is more than just pretty aesthetics. Branding that is rooted in strategy has the ability to propel a business forward, creating connection and bridging the gap between a business and its consumer in ways merely good design never could. 

Brand strategy is foundational

A brand strategy is built on the who, what, where, and why of a business. It summarizes a company’s mission, brand adjectives, ideal audience profiles and overall visual identity. It helps define what sets a company apart from its competition and keeps a business consistent, helping to define everything from a company’s presentation to the way its team members work.

But most important, a well-made brand strategy is crucial to the growth of a business. In fact, according to a 2019 Lucidpress study, a company’s revenue is likely to

When results of the 2020 elections began to come in, a familiar question resurfaced: Why did so many polls get their predictions so wrong? The question has sparked all sorts of analysis, with Stephen Engelberg, editor-in-chief of the nonprofit news agency ProPublica, describing a “big failing.”

It isn’t just news media and political groups that need to take note of the mismatch between polled behavior and actual behavior. This moment should also serve as a wake-up call to businesses. The systems our society uses to measure how people feel simply aren’t, at some level, working. That includes the surveys organizations use to try to gauge the sentiment of their workforces.

Through my work helping businesses of all kinds, from tech companies to the U.S. military, design successful workplace cultures, I run into this problem all the time. The internal data businesses collect gives them what they believe is

Markets regulator Sebi on Tuesday relaxed compliance requirements for brokers and depository participants with regards to submission of reports pertaining to internal as well as system audit in the wake of the coronavirus pandemic.

The decision comes after receiving representation from stock exchanges and depositories, the Securities and Exchange Board of India (Sebi) said in a circular.

The capital markets watchdog has given time till December 31 to brokers to submit half-yearly networth certificate (as on September 30), reports on internal audit as well a system audit for half year ended on September 30, 2020.

Also, brokers have been give time till January 31 to submit report on cybersecurity and cyber resilience audit for half year ended on September 30.

In view of the prevailing situation due to Covid-19 pandemic and representations received from the stock exchanges

November
30, 2020

9 min read

Opinions expressed by Entrepreneur contributors are their own.

The pandemic has created the most competitive digital landscape the world has ever seen. Whether for your company or for yourself, it’s never been more crucial to build your personal brand. To sell yourself to a world of customers reluctant to spend, one thing is for certain: Your branding must be relentless, authentic, and powerful.

“It’s the only thing you’re going to have,” explains Gary Vaynerchuk, or Gary Vee for short. “Your reputation online, and in the new business world, is pretty much the game. You have to be a good person. You can’t hide anything, and you’ve got to be out there at some level.”

Vee has an impressive resume of branding experience, and we’d do well to take his advice. He started his entrepreneurial journey as a wine critic before establishing Resy,

India’s emerging market peers Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November

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Soybean

Soybean is trading at Rs 4,347 per quintal at the benchmark Indore markets. For the week ahead, prices are expected to trade firm and head towards Rs 4,400 and then Rs 4,425 per quintal. Positive crush margins would support demand from processoRs and firm global cues to keep the price trend positive for the week ahead.

Wheat

Wheat prices in Delhi market are trading at Rs 1,811 per quintal. Prices are expected to trade lower towards Rs 1,780 per quintal due to ample availability in the open market and subdued demand for private stock.

Prerana Desai, Research head, Edelweiss Agri Services and Credit