NCDEX has launched India’s first exchange-traded weather derivative contract, RAINMUMBAI, allowing traders and businesses to hedge against rainfall variability during the monsoon season. The contract is linked to Mumbai rainfall deviation data from IMD and aims to help weather-sensitive sectors manage financial risks arising from excess or deficient rainfall.
SpaceX IPO a bid too far? Some opt for a proxy play with Inox India
Inox India shares surged following reports of a massively oversubscribed SpaceX IPO, drawing investor attention to the Indian company as a potential equipment supplier. The