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Trading on MCX will be limited to the evening session on Wednesday, January 15. This is due to Municipal Corporation elections in Maharashtra. The Indian stock market will also be closed on this day. Both BSE and NSE have confirmed the trading holiday. Equity derivatives contracts expiring on January 15 will now expire a day earlier.
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News and Media
Coca-Cola is preparing to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an IPO this summer to raise approximately $1 billion. The company is valued at nearly $10 billion, with investment bankers like Kotak, HDFC Group, and Citibank onboard. This move aligns with Coca-Cola's global strategy of focusing on brand building rather than direct ownership of capital-intensive operations.
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News and Media
The Reserve Bank of India has introduced new banking rules for calculating foreign exchange risk capital charges, aiming for international alignment. Banks will now compute these requirements continuously at consolidated and standalone levels, with changes effective April 1, 2027. The RBI also allows exclusion of specific 'structural' foreign exchange positions under strict conditions.
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News and Media
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