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MCX board appoints former CIC Satyananda Mishra as chairman

Former Chief Information Commissioner Satyananda Mishra is the new president of

Former Chief Information Commissioner Satyananda Mishra is the new president of Multi Commodity Exchange of India Ltd. “The MCX board has appointed Satyananda Mishra as president, with the approval of FMC,” MCX said in a statement. Mishra, who was the ...

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Gold jewellery exports likely to decline by 50% in FY14

Gold jewellery exports likely to decline by 50% in FY14

Exports of gold jewellery may decline by 50% in this Financial Year from last year after government restrictions reduced the availability of raw materials, Gitanjali Gems Chairman and Managing Director Mehul Choksi said today. Exports of gold jewelry were Rs ...

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NSEL Crisis: NK Proteins proposes to pay Rs.275 crore to the exchange

NSEl Crisis: NK Proteins proposes to pay Rs.275 crore to the exchange

NK Proteins Ltd, one of the biggest debtors National Spot Exchange Ltd (NSEL), proposed on Tuesday to pay Rs.275 crore to the commodity spot exchange. According to a settlement plan submitted by NK Proteins in a court of Mumbai, it ...

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NSEL defaults for 15th straight time; pays Rs 9 cr

NSEL defaults for 15th straight time; pays Rs 9 cr

People Affected by the stock market crisis National Spot Exchange Ltd (NSEL) on paid about Rs 9 million rupees against the amount of the scheduled payment of Rs 174.72 million rupees, non-payment by the 15th straight time. With pay-out on ...

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Factors that affect the prices of the commodities

Points to keep in mind while investing in commodities

Like every another asset class, the commodities take the signals and direction on a variety of factors and the evolution of global markets. As these raw materials, its main application is in the specific areas which are used in, but ...

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MCX-SX well ring-fenced from NSEL crisis, assures Sebi

MCX-SX well ring-fenced from NSEL crisis, assures Sebi

  S ecurities and Exchange Board of India (Sebi) Chairman UK Sinha allayed fears of crisis in the (MCX-SX) parent group MCX Stock Exchange will extend into the bag, saying that the troubled Financial Technologies (FTIL)-promoted stock exchange is ring-fenced from ...

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Jignesh Shah-promoted Financial Technologies’ Nov 18 surge under Sebi lens

Jignesh Shah-promoted Financial Technologies' Nov 18 surge under Sebi lens

The second time within three months the Securities and Exchange Board of India (Sebi) is reviewing the pattern of stock price Financial Technologies India Ltd (FTIL) to determine whether certain entities traded in the shares of the company promoted by ...

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The Hawala money link to gold smuggling in India

The Hawala money link to gold smuggling in India

Hawala money is a vital resource for smuggling gold in India. In fact, hawala agents in Dubai are becoming more diversified in smuggling of the yellow metal. They have teamed up with the smugglers to take a stake in the ...

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