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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.

SAT dismisses FTIL plea against Sebi order declaring it unfit

Last Updated: Wednesday, July 09, 2014, 12:44

The SAT Wednesday dismissed Jignesh Shah- promoted Financial Technologies' (FTIL) plea against a Sebi order declaring it unfit to own stakes in market infrastructure institutions, stating that decisions by financial market regulators have bearing on each other.

FMC's ex-employee likely to be its next chairman

Last Updated: Friday, June 13, 2014, 19:08

The new chairman is expected to boost investor confidence and strengthen commodity market.

FMC pressurising MCX on FTIL stake sale; denies new contracts

Last Updated: Wednesday, June 04, 2014, 17:51

Commodity markets regulator FMC on Wednesday said it has not approved a proposal by MCX to launch new contracts beyond August as part of a strategy to put pressure on the exchange to comply with its order on reduction of the stake held by the former promoter.

NCDEX hikes transaction charges on agri-commodities

Last Updated: Tuesday, June 03, 2014, 12:58

Leading agri-commodity bourse NCDEX has hiked transaction charges on agri-commodities effective this month, a move which experts say is aimed at improving the financial viability of the exchange that has taken a beating due to falling trade volumes.

FMC not to approve new contracts for trading on MCX

Last Updated: Friday, May 09, 2014, 22:00

Commodity markets regulator FMC has decided not to approve new contracts for futures trading at MCX till the bourse ensures its promoter FTIL pares its stake to 2 percent from the existing 26 percent.

FTIL cries foul over new FMC norms cutting entire stake in MCX

Last Updated: Tuesday, May 06, 2014, 23:32

Jignesh Shah-led FTIL, which has been declared unfit to run an exchange and ordered to pare its stake in MCX to 2 percent from 26 percent currently, will have to divest its entire stake as per new guidelines issued Tuesday.

FMC meets MCX officials, reviews FTIL stake sale

Last Updated: Tuesday, May 06, 2014, 22:09

Commodities markets watchdog Forward Markets Commission (FMC) met Multi Commodity Exchange (MCX) officials here Tuesday and reviewed progress made by the exchange in complying with the order to trim parent FTIL's stake to 2 percent from the present 26 percent.

FTIL fails to finalise bidders to sell 24% stake in MCX

Last Updated: Friday, April 25, 2014, 21:13

Financial Technologies India Ltd has called another board meeting on May 2 to review the stake sale in MCX.

Reliance Capital slams MCX for non-cooperation in FTIL stake sale

Last Updated: Friday, April 25, 2014, 15:29

Reliance Capital has requested the FMC to share a copy of the PWC report with potential investors before executing any binding agreement.

Govt scouts for new FMC chief

Last Updated: Tuesday, April 22, 2014, 16:02

With Forward Markets Commission (FMC) Chairman Ramesh Abhishek's term coming to an end in June, the government has started searching for a new chief.

FMC allows financial closure of NSEL's e-series contracts

Last Updated: Thursday, March 27, 2014, 20:18

Commodity market regulator FMC on Thursday allowed scam-hit National Spot Exchange Ltd (NSEL) to convert e-series gold contracts into physical form -- a move that would benefit 33,000 investors.