Business Standard

FMC okays Shreekant Javalgekar's appointment as new MCX chief

He has replaced Lamon Rutten, who continues as a non-executive director on MCX board

Related News

Country's largest commodity exchange today said regulator has approved the appointment of as new Managing Director and CEO.

The commodity markets regulator "Forward Markets Commission (FMC) has accorded its approval vide its letter dated July 03, 2012 to the appointment of Javalgekar for a period of 3 years with effect from July 1," the MCX said in a filing to the Bombay Stock Exchange.

Accordingly, Javagekar has taken charge of the office, it said. He has replaced Lamon Rutten, who continues as a non-executive director on MCX board.

Javalgekar was a director on the board of FTIL, the founder entity of the exchange and has spent two decades in senior management positions of Larsen & Toubro Limited, handling roles in finance and treasury.

He was formerly MD of Lazard India and Advisor to Nexgen Financial Solutions, a Singapore Technologies' company.

MCX shares closed 1.50% down at Rs 1,047 apiece on the BSE.

Read more on:   
|
|
|

Read More

Mentha oil up on tight supply, firm demand

Mentha oil gained 0.71% to Rs 1,341.30 per kg in futures trade today as speculators enlarged positions, driven by a pick up in demand.

Advertisements

Quick Links

 

Market News

Gold hits 4-year low on selling pressure following Fed's QE withdrawal

Miners and sovereign countries started hedging, fall to continue in anticipation of US interest rate hike earlier than expected

Nikkei hits 7-year high as BoJ expands monetary easing

The Nikkei surged 755.56 points or 4.83% to end at 16,413.76, its highest level since November 2007

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Back to Top