No Funds Settlement on Budget 2026 Day? MCXCCL's crucial pay-in, pay-out change you can't afford to miss out

Mint
MCXCCL announced a change in funds settlement for trades on January 30th and February 1st, 2026, due to the Union Budget presentation, settling both on February 2nd.

Summary

The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) has announced a temporary change to its funds pay-in and pay-out process for trades executed on January 30th and February 1st, 2026, coinciding with the presentation of the Union Budget 2026–27. According to the circular, there will be no funds pay-in or pay-out transactions on February 1st, 2026. Instead, the settlement for trades from both January 30th and February 1st will be processed together on February 2nd, 2026.

This change is critical for clearing members, who must ensure sufficient margins are maintained in their accounts. The pay-in obligation from January 30th trades will remain blocked from available margin limits on February 1st. This effectively reduces the usable trading limit for members and could prevent them from taking new positions during the special trading session.

Investors and traders planning to participate in the Budget Day trading session should carefully plan their margins in advance to avoid disruptions. Capitalmind AMC CEO, Deepak Shenoy, highlighted the change on social media, noting the implications for margin-to-market payouts.

(Source:Mint)

The Manila Times

Apple wins dismissal of lawsuit over child sexual abuse material on iCloud

Financial Post

RBC agrees to pay $45 million to settle trailer fee class action

The Hindu

Why are five anonymous female users suing Elon Musk’s xAI? | Explained

TNW

Apple wins dismissal of iCloud child abuse imagery lawsuit on Section 230 grounds

ABC17News.com

Judge dismisses lawsuit against Apple over alleged child sexual abuse material on iCloud

9to5Mac

Judge dismisses lawsuit accusing Apple of failing to stop CSAM on iCloud

Devdiscourse

U.S. Judge Shields Apple from Class Action Over iCloud Exploitation Claims | Law-Order

Wkyt

Another FCPS employee files lawsuit, claims retaliation after raising concerns over finances

Los Angeles Herald

California-led lawsuit challenges Paramount-Warner merger

Wtop News

Cash App parent company to pay $45 million in multistate fraud settlement, Va. AG says

World Casino News

Amazon Settlement Opens Path for Consumers to Seek $200M from Social Casino Developers

AM New York

Major book publishers sue Google over Gemini AI stealing millions of copyrighted works, argue tech giant will ‘weaken the incentive to create’

New York Post

NCAA's updated eligibility rules face class action lawsuit from 11 college athletes

Cnbctv18

Paramount's $110 billion Warner Bros Discovery deal faces lawsuit from 12 US states

Headtopics

Luxury Pasadena hotel to pay $320,000 to settle Eaton fire price-gouging lawsuit