National Stock Exchange of India (NSE) on Tuesday said it has got regulatory approval to launch copper large futures contract with a trading unit of 25 tonne.
In the international commodity markets, the 25 tonne copper futures contract is one of the highest traded contracts and is considered as the global benchmark, a release said here.
With the introduction of a similar large size futures contract, NSE aims to provide an onshore hedging platform to big Indian corporates, refiners and various users in the value chain.
The large size contract offering will be settled by way of physical delivery incorporating world class infrastructure and global best practices. ************* Coca-Cola,Vodafone Idea,eBest IOT tie up for connected coolers *
Beverage major Coca-Cola India Tuesday said it has collaborated with Vodafone Idea Business Services, the enterprise arm of telecom provider Vodafone Idea and eBest IoT, to introduce connected coolers across the country.
The IoT (internet of things) enabled fleet of connected coolers will enable Coca-Cola to understand consumer behaviour and use the insights to enhance consumer experience.
Under the partnership, connected coolers will be powered by Vodafone SuperIoT an industry-first solution that enables end-to-end management of device, application, connectivity, service platform, support and security, it said in a statement.
The technology will also equip Coca-Cola's partners to manage inventory, sales tracking, monitor usage pattern and track locations, thus enabling them to increase sales and enhance customer experience, it added.
The pilot for the connected coolers has been successfully completed and they will be introduced in phased manner across the country, the statement said. ******* GJEPC inaugurates 3-day international diamond week *
To improve trade relations with high potential markets the Gem and Jewellery Export Promotion Council (GJEPC) on Tuesday inaugurated the 3-day India International Diamond Week in which 120 international buyers from 29 countries are participating.
Nearly 50 big players exhibited, while with around 120 international buyers from 29 countries including Australia, Bahrain, Belgium, Brazil, China and Hong Kong, Cyprus, Egypt, France, Germany, Ireland, Italy, Israeli, Lebanon, Luxembourg, New Zealand, Russian, South Africa, Sweden, Syria, Thailand, Turkey, UAE, UK, Ukraine, USA and Uzbekistan amongst others, a release said here.
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