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Govt drafts rules to empower FMC to regulate intermediaries

Govt drafts rules to empower FMC to regulate intermediaries

Last Updated: Wednesday, August 20, 2014, 15:28

The government on Wednesday issued draft rules to give the commodity markets regulator FMC more powers to effectively regulate the intermediaries of the commodity derivatives markets.

MCX to ask SEBI to waive 2% cap on FTIL stake sale

Last Updated: Monday, August 18, 2014, 23:36

The board of Multi-Commodity Exchange of India has decided to ask market regulator SEBI to relax the 2 percent lock-in cap on its promoter FTIL to enable the latter to sell entire 5 percent MCX stake via a block deal and comply with various regulatory orders.

MCX attains highest market share since Oct 2013

Last Updated: Monday, August 18, 2014, 15:14

The bourse, meanwhile, maintained its market share in non- agricultural commodities above 99 percent since Q2 2013-14.

SBI ties-up with NCDEX Spot Exchange

Last Updated: Thursday, August 07, 2014, 17:20

With this initiative, SBI would reach out to more farmers for post harvest credit delivery, quickly and more efficiently.

MCX Gold Aug 2014 contract sees highest delivery of 1,100 kg

Last Updated: Wednesday, August 06, 2014, 20:17

Multi Commodity Exchange of India Ltd (MCX) on Wednesday said it has witnessed highest delivery of 1,100 kg in the MCX Gold August 2014 contract over the last one year.

Wipro partners OpenLink for offering services to commodity cos

Last Updated: Wednesday, July 30, 2014, 15:44

OpenLink offers transaction lifecycle management (TLM) software.

MCX stocks surge 8% on stake sale to Kotak Mahindra

Last Updated: Monday, July 21, 2014, 17:54

Shares of Multi Commodity Exchange of India Monday settled nearly 8 percent higher after Jignesh Shah-led FTIL signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

Silver futures down 0.28% on subdued demand, overseas cues

Last Updated: Friday, July 18, 2014, 13:02

Amid weak global trend and low domestic demand, silver prices were down by 0.28 percent to Rs 45,450 per kg in futures market Friday as speculators trimmed positions.

Commexes' Q1 turnover dips 65%: FMC

Last Updated: Tuesday, July 15, 2014, 13:39

The turnover of commodity exchanges fell sharply by 65 percent to Rs 14.55 lakh crore in the first quarter of this fiscal due to poor volumes in most commodities, the Forward Markets Commission (FMC) said.

Gold price rises by Rs 113 to Rs 27,875 per 10 gm in futures trade

Last Updated: Tuesday, July 15, 2014, 11:11

Gold prices recovered by 0.44 percent to Rs 27,880 per 10 gram in futures trade as participants created fresh positions in line with a firming trend overseas on speculation the biggest decline this year may spur demand.

MCX shares gain 6 pc as Jhunjhunwala buys stake

Last Updated: Wednesday, July 09, 2014, 12:33

Shares of Multi Commodity Exchange of India Wednesday jumped 6 percent after ace investor Rakesh Jhunjhunwala purchased nearly two percent stake in the commodity bourse for over Rs 66 crore.

'Commodity trading is not responsible for price rise'

Last Updated: Wednesday, July 09, 2014, 11:36

Commodities are not responsible for price rise. It is demand and supply scenerio which causes inflation.