In June 2025, Mumbai (Maharashtra) based National Stock Exchange of India Limited (NSE) announced that it has received the approval from Mumbai based market regulator Securities and Exchange Board of India (SEBI) to launch monthly electricity futures contracts.
- This move is expected to strengthen power markets and support long-term structural reforms started under the Electricity Act, 2003.
- Previously, SEBI gave approval to Multi Commodity Exchange of India (MCX) to launch electricity derivatives.
Key Points:
i.The launch of monthly electricity futures will provide the market participants with effective hedging tools against electricity price volatility, allow more precise price signals in the power sector.
- It will also promote capital investments across the electricity value chain i.e. generation, transmission, distribution, and retail.
ii.A financially settled futures market will enable market participants to hedge their risks effectively, while a robust day-ahead spot market will ensure reliable price discovery.
iii.NSE aims to gradually introduce Contracts for Difference (CFDs) and longer-duration contracts such as quarterly and annual futures, subject to regulatory approvals.
iv.Mumbai based NSE Clearing Limited, India’s largest clearing corporation is entrusted with the responsibility to manage the clearing and settlement of these contracts.
Points to Note:
i.In 2008, NSE in collaboration with NCDEX, became the first stock exchange in India to establish a dedicated power exchange, Power Exchange India Limited (PXIL).
ii.As per National Institution for Transforming India (NITI) Aayog report, India’s journey to achieve its net-zero emissions targets requires substantial investment i.e. estimated at over USD 250 billion annually till 2047.
Jio BlackRock Investment Advisers Received SEBI Approval to Launch Advisory Business
In June 2025, Mumbai based Jio BlackRock Investment Advisers Private Limited (JBIAPL) which is 50:50 Joint Venture (JV) between Jio Financial Services Limited (JFSL) and global asset manager BlackRock, has received the approval from SEBI and Mumbai based Bombay Stock Exchange (BSE) to commence operations as an investment advisor in India.
- This approval is another important milestone for JBIAPL, following SEBI’s approval of JioBlackRock Asset Management Company (AMC) in May 2025 to oversee its Mutual Fund (MF) operations in India.
Key Points:
i.With regulatory approval in place, JBIAPL is set to develop a digital-first investment advisory platform tailored for modern Indian investors.
- The newly formed entity will deliver personalized, insight-led investment solutions, aiming to make wealth management more accessible and inclusive nationwide.
ii.JBIAPL has announced the appointment of Marc Pilgrim as its new Managing Director (MD) and Chief Executive Officer (CEO) of the advisory arm.
- Bringing more than 25 years of global financial services expertise, he has held senior leadership positions at BlackRock, including Head of Specialist Clients and COO of iShares EMEA.
About National Stock Exchange of India Limited (NSE):
Managing Director (MD) & Chief Executive Officer (CEO)– Ashishkumar Chauhan
Headquarters- Mumbai, Maharashtra
Established – 1992
