MCX seeks shareholders nod to do away with permanent director's post

Last Updated: Friday, December 20, 2013, 18:36

Commodity exchange MCX has sought shareholders' approval to do away with permanent director's post on its board that was held till recently by its founder Jignesh Shah.

NYSE Euronext sells 5.65 lakh MCX shares

Last Updated: Thursday, December 19, 2013, 20:17

Global exchange giant NYSE Euronext on Thursday offloaded 5.65 lakh shares of India's premier commodity bourse MCX for an estimated Rs 24 crore.

MCX calls board meeting on Dec 26 to discuss FTIL stake issue

Last Updated: Thursday, December 19, 2013, 18:41

A day after sector regulator severely indicted its promoter, Multi Commodity Exchange (MCX) has called a meeting of its board on December 26 to decide on FMC's order to cut promoters stake from 26 percent to 2 percent.

FMC finds Jignesh Shah, FTIL not fit & proper to run any bourse

Last Updated: Wednesday, December 18, 2013, 17:43

In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not 'fit and proper' to run any exchange in the country and charged him of being the "highest beneficiary" in the NSEL scam.

Govt monitoring follow up action in NSEL case, says Minister

Last Updated: Friday, December 13, 2013, 17:11

Government is monitoring the progress of follow-up action in the case regarding National Spot Exchange Limited (NSEL) payment crisis on the basis of report submitted by a special team, Parliament was informed Friday.

FMC gives bourses extra time to register warehouses with WDRA

Last Updated: Sunday, December 8, 2013, 11:48

It has also been decided that the exchanges can accredit new warehouses which have applied or apply for registration to WDRA by December 31, 2013, it said in a directive to bourses.

NSEL crisis: Over 30 brokers under regulatory scanner

Last Updated: Wednesday, December 4, 2013, 18:37

Among the 32 brokers, 14 are from Gujarat, seven from Rajasthan and others are from states like Maharashtra, Delhi, Andhra Pradesh and Punjab.

FMC scraps 10% special margin on guarseed/gum futures

Last Updated: Wednesday, December 4, 2013, 14:34

FMC has removed the special margin of 10 percent effective Wednesday on all existing and yet to be launched guarseed and guargum futures contracts traded on national bourses.

FMC allows FTIL to cross-examine NSEL's auditor Grant Thornton

Last Updated: Friday, November 15, 2013, 22:57

Commodity market regulator FMC Friday said it has allowed FTIL and top officials of the group's bourse MCX to cross-examine auditor Grant Thornton before issuing the final order on whether they are 'fit' to run the listed exchange.

FMC removes additional 5% margin on gold trading

Last Updated: Tuesday, November 5, 2013, 18:58

Commodity market regulator FMC Tuesday removed an additional 5 percent margin on the future contracts of gold and silver due to less volatility in prices of these commodities.

NSEL crisis destroyed 'everything', says Shah as he quits MCX

Last Updated: Thursday, October 31, 2013, 19:12

Jignesh Shah, who is embroiled in the Rs 5,600-crore payment imbroglio at NSEL, Thursday resigned as Non-Executive Vice Chairman of MCX and said this crisis has destroyed "everything" he has worked for all his life.