Multi Commodity Exchange Of India Ltd

The Reserve Bank of India has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.

Having a unified regulator will ensure better surveillance and regulation.

Multi Commodity Exchange (MCX) can launch new contracts for January, February and March of 2015 after if it signs a fresh technology deal with its erstwhile promoter Financial Technologies India Ltd (FTIL), the Forward Markets Commission (FMC) said on Wednesday.

Kotak Mahindra Bank's proposed Rs 459-crore deal to acquire a 15 per cent stake in Multi Commodity Exchange (MCX) on Monday received approval of the Competition Commission of India (CCI), making the financial sector conglomerate a major player in exchange business.

Multi Commodity Exchange (MCX) on Friday said the Securities and Exchange Board of India Securities and Exchange Board of India (Sebi) has relaxed norms to allow Financial Technologies India Ltd (FTIL) to bring down its stake to 1.99 per cent in the commodity bourse.

Multi Commodity Exchanges board has decided to ask the Securities and Exchange Board of India (Sebi) to relax the 2 per cent lock-in cap on its promoter Financial Tech (India) Ltd to enable the latter to sell its entire 5 per cent MCX stake via a block deal and comply with various regulatory orders.

The Bombay High Court on Tuesday said it would pass an order in a day or two on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah, arrested in the Rs 5,000 crore National Spot Exchange Ltd scam.

The Bombay High Court on Monday reserved its order until the nexdt day on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah arrested in the Rs 5,000-crore National Stock Exchange Ltd (NSEL) scam.

Rakesh Jhunjhunwala, referred at times as India's Warren Buffett, bought 1 million shares at a price of 664 rupees a share in the exchange operator, while Financial Technologies (India) Ltd sold almost the same amount of shares, NSE data shows.

Following the exit of Deloitte as auditors in the aftermath of the National Spot Exchange crisis, Financial Technologies India Ltd (FTIL) on Wednesday said it has appointed Sharp & Tannan Associates as its auditors with immediate effect.

Crisis-hit Financial Technologies India Ltd (FTIL) on Saturday reported a net loss of Rs 371.25 crore for the fourth quarter that ended on March 31, 2014, due to lower sales and provisions made for doubtful loans and advances.

The Mumbai sessions court on Thursday extended the police custody of Financial Technologies India Ltd (FTIL) and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity bourse Shreekant Javalgekar till May 19.

A court in Mumbai on Thursday remanded Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the exchange Shreekant Javalgekar in police custody till May 15 in a Rs 5,600-crore payment scam at National Spot Exchange Limited (NSEL).

Financial Technologies India Ltd (FTIL) has called a board meeting on Thursday, May 8 to discuss the arrest of its chief Jignesh Shah.

Until the shares are divested, the voting rights of such entities should be withdrawn and any corporate benefit in lieu of such holding should be kept in abeyance or withheld by the exchange, the FMC said.

The Reserve Bank of India has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.

Having a unified regulator will ensure better surveillance and regulation.

Multi Commodity Exchange (MCX) can launch new contracts for January, February and March of 2015 after if it signs a fresh technology deal with its erstwhile promoter Financial Technologies India Ltd (FTIL), the Forward Markets Commission (FMC) said on Wednesday.

Kotak Mahindra Bank's proposed Rs 459-crore deal to acquire a 15 per cent stake in Multi Commodity Exchange (MCX) on Monday received approval of the Competition Commission of India (CCI), making the financial sector conglomerate a major player in exchange business.

Multi Commodity Exchange (MCX) on Friday said the Securities and Exchange Board of India Securities and Exchange Board of India (Sebi) has relaxed norms to allow Financial Technologies India Ltd (FTIL) to bring down its stake to 1.99 per cent in the commodity bourse.

Multi Commodity Exchanges board has decided to ask the Securities and Exchange Board of India (Sebi) to relax the 2 per cent lock-in cap on its promoter Financial Tech (India) Ltd to enable the latter to sell its entire 5 per cent MCX stake via a block deal and comply with various regulatory orders.

The Bombay High Court on Tuesday said it would pass an order in a day or two on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah, arrested in the Rs 5,000 crore National Spot Exchange Ltd scam.

The Bombay High Court on Monday reserved its order until the nexdt day on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah arrested in the Rs 5,000-crore National Stock Exchange Ltd (NSEL) scam.

Rakesh Jhunjhunwala, referred at times as India's Warren Buffett, bought 1 million shares at a price of 664 rupees a share in the exchange operator, while Financial Technologies (India) Ltd sold almost the same amount of shares, NSE data shows.

Following the exit of Deloitte as auditors in the aftermath of the National Spot Exchange crisis, Financial Technologies India Ltd (FTIL) on Wednesday said it has appointed Sharp & Tannan Associates as its auditors with immediate effect.

Crisis-hit Financial Technologies India Ltd (FTIL) on Saturday reported a net loss of Rs 371.25 crore for the fourth quarter that ended on March 31, 2014, due to lower sales and provisions made for doubtful loans and advances.

The Mumbai sessions court on Thursday extended the police custody of Financial Technologies India Ltd (FTIL) and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity bourse Shreekant Javalgekar till May 19.

A court in Mumbai on Thursday remanded Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the exchange Shreekant Javalgekar in police custody till May 15 in a Rs 5,600-crore payment scam at National Spot Exchange Limited (NSEL).

Financial Technologies India Ltd (FTIL) has called a board meeting on Thursday, May 8 to discuss the arrest of its chief Jignesh Shah.

Until the shares are divested, the voting rights of such entities should be withdrawn and any corporate benefit in lieu of such holding should be kept in abeyance or withheld by the exchange, the FMC said.