AgenciesThe issue would give impetus to the development of green financing and contribute towards India's vision for transition towards a clean and green energy future.
"The launch of Green Bond issue by Indore Municipal Corporation is a great example of cooperative federalism & depth of local governance model in India," Ashishkumar Chauhan, MD & CEO, NSE, said.
Municipal bonds provide an alternative means of financing urban local bodies and reduce the dependency on central and state grants.
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Bourses Review Extension of Equity F&O Trade HoursStock exchanges are reviving plans of longer trading hours for equity derivative contracts, said two people with direct knowledge of the matter. The National Stock Exchange (NSE), which is spearheading the effort, is in preliminary discussions with market participants to extend timings for stock futures and options (F&O) trading, they said.
Govt Hopeful of Work Starting on at least One Semicon Unit by Yr endThe Centre is hopeful that at least one among the “few” semiconductor manufacturing projects it expects to approve in 2023 will commence “ground-breaking” at its manufacturing unit by the year end, a top official told ET.
Small Packs Fit Inflation-hit Urban BasketsWith retail inflation on the rise again, packaged goods companies are pushing small packages even in urban markets across soaps, toothpaste, confectionery, coffee, soft drinks and detergents at kirana stores, modern trade and online platforms. These are already contributing 20-50% of sales, executives said.
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