FMC
Indian banks open cheque books for ₹10,000 crore-plus in M&A funding after RBI rule change
Indian banks have recently engaged in significant M&A deals after the central bank eased financing rules. State Bank of India and other lenders are now financing up to 75% of deal values. The acquisition-financing market is estimated at nearly ₹2 lakh crore due to increased demand. Various large transactions include Crystal Crop Protection's acquisition of FMC Corporation's India business and others.
Delhi Police prevents potential losses of Rs 1.53 crore in five 'digital arrest' scams
Delhi Police successfully intervened to stop significant financial losses from digital arrest scams in various states. The Financial Monitoring Cell traced suspicious transactions and contacted victims to prevent further payments. Several elderly people were targeted, with some initially transferring large sums of money out of fear. Intervention efforts included counseling and assisting victims in filing complaints with local cybercrime helplines.
US Stock Market: What to led to S&P 500, Nasdaq, Dow Jones, Russell 2000 rebound after historic low despite fall of Nvidia stocks, TSMC shares?
US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.
US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare
After a rocky start, the S&P 500 experienced a resurgence, largely spurred by investments in the healthcare and consumer segments. Investors seemed to distance themselves from technology stocks, anxious about mounting debts in the AI sector. Eli Lilly and UnitedHealth rose thanks to favorable evaluations from Deutsche Bank, whereas Broadcom and Nvidia struggled.
US stocks: Nasdaq slides toward one-month low as AI selloff deepens, inflation pressures build
On Thursday, the Nasdaq index fell sharply, hitting near a near-month low amid rising concerns about how increasing interest rates might impact investments in artificial intelligence and related sectors.
Advent International seeks CCI green channel clearances for Yatharth Hospital stake buy
Advent International's Rasmalai Limited has sought Competition Comission of India's (CCI) approval to acquire a stake in Yatharth Hospitals. Meanwhile, CCI has approved four deals across agrochemicals, marine engineering, insurance and renewable energy. Rasmalai, incorporated in Cyprus and indirectly controlled by funds managed or advised by Advent, has proposed buying shares in Yatharth Hospital & Trauma Care Services, an Indian super-specialty hospital chain.
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Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal
Competition Commission of India approved BNP Paribas Cardif's proposal to acquire a 26% stake in IndiaFirst Life Insurance Company Ltd. The stake will be purchased from private equity company Warburg Pincus. The insurance firm said step in its international growth and diversification strategy and strengthens its presence in India. In a separate deal, CCI authorised Crystal Crop Protection Ltd to acquire FMC India Pvt Ltd.
Crystal Crop Protection buys FMC India business
FMC Corporation is selling its India business to Crystal Crop Protection for $252 million. This deal includes commercial crop protection activities and brand licenses. The transaction is expected to be completed by the end of 2026. FMC aims to use the proceeds to reduce debt.
Cairn Oil & Gas signs pact with TechnipFMC for deepwater exploration
Cairn Oil & Gas has entered a strategic alliance with TechnipFMC to expedite the delivery of integrated subsea infrastructure for deepwater projects in India. This collaboration leverages TechnipFMC's engineering prowess and integrated project execution model, aiming to enhance efficiency and innovation in future deepwater exploration.
FMC obtains registration in India for Isoflex(R) active and Ambriva(R)herbicide
FMC, a global agricultural sciences company, has received registration in India for Isoflex® active and Ambriva® herbicide for use in wheat. This new development promises to offer an effective solution for controlling Phalaris minor, a weed that has become resistant to other herbicides.
FMC Corporation names Ravi Annavarapu President of its India business
Ravi Annavarapu will report to Bethwyn Todd, FMC vice president and president of FMC Asia Pacific. “Ravi is a proven team leader with an in-depth knowledge of the crop protection industry and has a strong understanding of the local market and customer needs,” said Todd in a statement.
FMC to merge with Sebi by September, says UK Sinha
Capital markets regulator Sebi today said it expects the proposed merger of commodities regulator FMC with it to be completed by September-end.
FMC rejects appointment of Balasubramaniam as MCX chief
Commodity markets regulator FMC has rejected the appointment of Balasubramaniam Venkataramani as MD and CEO of MCX, after it found that the exchange did not follow the applicable guidelines in this regard.
FMC issues norm to protect members/clients in suspended bourse
FMC has come out with fresh norms to protect the interest of members and clients of the exchanges which have suspended their trading operations.
CCI approves FMC Corporation's proposed deal to buy Auriga arm
Fair trade regulator CCI has approved US-based FMC Corporation's proposed acquisition of Denmark's agrochemical firm Auriga Industries' arm.
Government looking at merging FMC with Sebi to better monitor futures market
Govt may also pursue the long-pending proposal to give more powers to FMC by amending the Forward Contract Regulation Act Amendment Bill.
Vested interests behind FMC's call for merger, alleges NSEL
In fact, NSEL said, FMC decisions are dissipating the exchange's energy in various directions instead of a joint effort for recovery.
FMC censures NSEL for misleading public on dues recovery
National Spot Exchange had refuted FMC' observation that the bourse has so far made slow progress in recovery of dues from the defaulters.
Government drafts rules to empower Forward Markets Commission to regulate intermediaries
The Finance Ministry has proposed to strengthen the FMC with the power to cancel, suspend and debar the registration of an errant intermediary.
FMC meets MCX officials, reviews FTIL stake sale
Outgoing MCX Managing Director and Chief Executive Officer Manoj Vaish met FMC officials and discussed the divestment progress, an MCX official said.
FMC considers relaunching urad, rice and tur contracts
Commodities regulator Forward Markets Commission (FMC) said it is considering relaunching futures contracts for urad, tur and rice.
FMC gives nod for continuous trading in commodity futures
FMC has given permanent approval to four bourses -- MCX, NCDEX, NMCE and ACE -- for launching trade in particular set of futures contracts.
Government considering proposal to shift FMC to Finance Ministry
The government is examining a proposal to bring commodity markets FMC under the purview of the Finance Ministry.
FMC to probe National Spot Exchange matter: Thomas
Food and Consumer Affairs Minister K V Thomas today said the commodity regulator FMC has been asked to look into the matter.
Fill up 40% vacant posts in FMC at earliest: Parliamentary panel
The Forward Markets Commission (FMC), under the Consumer Affairs Ministry, is functioning with 80 officers and staff as against the sanctioned strength of 13.
Govt for FMC to regulate electronic commodity spot exchanges
The government is planning to bring electronic commodity spot exchanges under Forward Markets Commission(FMC) regulations, Food Minister K V Thomas said.
Consumer Affairs Ministry seeks more details from FMC on guar trade
The Consumer Affairs Ministry has sought more details from the commodity market regulator FMC on its report on futures trading in guar.
FMC reports to govt on ICEX stake sale to ADAG
Commodity market regulator FMC on Wednesday said it has sent to the government its views on ADAG's proposed acquisition of 26% stake in ICEX.
FMC bans futures trading in electricity
Commodity market regulator Forward Markets Commission (FMC) has banned futures trading in electricity owing to poor volumes of trade.
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