Mumbai, April 20 (IANS) The Multi Commodity Exchange of India Limited (MCX) on Monday said it has received approval from market regulator the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange, marking its entry into the segment.The exchange plans to commit capital of up to Rs 100 crore to meet the minimum net worth requirements as per the draft Coal Exchange Rules. The move underscores the commodity exchange’s push to deepen its presence in the energy space an…
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Seoul, March 24 (IANS) South Korea President Lee Jae Myung on Tuesday called on the government to preemptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the US-Israeli war with Iran has dragged on and disruptions of global energy markets have continued.Speaking at a Cabinet meeting, Lee also asked for the swift passage of an extra budget to help small and medium-sized firms and vulnerable households hit by a surge in energy prices.”Petrochem…
New Delhi, March 3 (IANS) The government on Tuesday said that India has adequate stocks of crude oil and key petroleum products such as petrol, diesel and aviation turbine fuel (ATF) to handle any short-term disruptions arising from the ongoing hostilities in the Middle East.Briefing the media, Petroleum and Natural Gas Minister Hardeep Singh Puri said the country is fully prepared to deal with the evolving global energy situation. He assured that there is no immediate cause for concern as India…