NCDEX to raise ₹500 crore via IPO, offer for sale

NCDEX to raise ₹500 crore via IPO, offer for sale

National Commodity and Derivatives Exchange (NCDEX), the country’s largest agri derivatives exchange, plans to issue fresh equity of ₹100 crore through an initial public offering. Of the IPO proceeds, ₹70 crore will be used for its Core SGF (settlement guarantee fund) and to meet the minimum capital requirement of its clearing corporation, NCCL. The balance […]

U.S. and Taliban Move Toward Deal to End War

U.S. and Taliban Move Toward Deal to End War

WASHINGTON—The U.S. and Taliban are expected to announce a reduction in violence in Afghanistan as early as Wednesday, which could lead to the signing of a deal to withdraw all U.S. troops, people familiar with the matter said. All parties cautioned that progress...