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.

Quick Links

 

Market News

Oil resumes slide in Asian trade

Investors wait for more signs of economic growth in Europe

Markets closed on account of Diwali Balipratipada

Indian equity, forex, money and commodity markets are shut today on account of Diwali Balipratipada.

Adani stocks led the way in Samvat 2070

Ambani brothers, JSPL the bottom three in market-cap growth

Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

Biocon sees muted quarter, lacks immediate triggers

Reduced exports to West Asia & North Africa, capacity constraints affect sales

Back to Top