NSE secures approval for proposed National Coal Exchange

The National Stock Exchange of India (NSE) has received approval from the Ministry of Corporate Affairs under the Government of India to reserve the name for its proposed coal trading platform, to be called “National Coal Exchange of India Limited.” According to a press release, the approval strictly covers the reservation of the company name and does not grant any operational or regulatory license for the proposed entity. The development follows a decision by NSE’s board in February to establi…