| Spice Finance plans to buy 15% in NMCE | 20-NOV-09 |
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| The BK Modi group’s finance arm, Spice Finance, has proposed to buy a 15 per cent stake in Ahmedabad-based National-Multi Commodity Exchange (NMCE). |
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| NMCE kicks starts trading in gold guinea contract | 09-NOV-09 |
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| National Multi Commodity Exchange of India (NMCE), the first commodity exchange of the country, has started trading in gold guinea contract to reach to the masses. The commex has tied-up with Muthoot Group to set up multiple delivery centres. |
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| NMCE kicks off gold guinea contract | 09-NOV-09 |
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| Strengthening its presence in bullion, the Ahmedabad-based National Multi Commodity Exchange (NMCE), that posted high growth in 2009-10, has introduced an innovative gold guinea contract to reach out to the masses. It has tied up with Muthoot Group for delivery. Currently, the exchange gets 20 per cent of its volumes from the metal and bullion trade. |
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| FMC open to debate on extended trading hours | 28-OCT-09 |
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| The Forward Markets Commission (FMC), the commodity markets regulator, says it is willing to discuss the issue of extending trading hours, in line with what the equity markets regulator, the Securities and Exchange Board of India (Sebi), did last week. Sebi has allowed trade timing in equities to be extended, from 9 am to 5 pm; the current hours are 9:55 am to 3:30 pm. |
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| NMCE joins hands with Muthoot Group for gold delivery | 26-OCT-09 |
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| Ahmedabad-based National Multi Commodity Exchange (NMCE) has tied-up with Muthoot Finance for delivery of various types of gold items including gold guinea, coins and bars. Muthoot Finance is a part of south India-based Muthoot Group, which has interests in finance, healthcare, precious metals, education and real estate. "As part of the alliance, NMCE will use Muthoot Group's multiple centers for gold deliveries," said sources close to the development. |
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| Comexes free to lower fees: FMC | 21-OCT-09 |
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| Commodity market regulator Forward Market Commission (FMC) has said that exchanges are free to fix their transaction fees within the prescribed range of Re 1 to Rs 4 on a business turnover of Rs 1,00,000. “Commodity exchanges have the discretion to take a commercial decision on the transaction fee within the range prescribed,” said FMC Chairman BC Khatua. |
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| Commexes free to lower transaction fees without FMC nod | 20-OCT-09 |
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| "The commodity exchanges have the discretion to take a commercial decision on the transaction fee within the range prescribed in the existing guidelines," Forward Markets Commission (FMC) Chairman B C Khatua said. |
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| Reliance Money may up stake in NMCE by 5% | 25-AUG-09 |
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| Anil Ambani-run Reliance Money may acquire 5 per cent more in the National Multi-Commodity Exchange of India (NMCE) to take its holding to 15 per cent in line with the new guidelines. |
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| Reliance Money may up stake in NMCE by 5% | 24-AUG-09 |
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| Anil Ambani-run Reliance Money may acquire five per cent more stake in the National Multi-Commodity Exchange of India (NMCE) to take its total holding to 15 per cent in line with the new guidelines. |
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| Comexes turnover jumps by 34.19% | 03-AUG-09 |
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| Buoyed by agri-futures, the turnover of 22 commodity exchanges has increased by 34.19 per cent to Rs 18,15,807 crore till July 15 in the current fiscal, compared with Rs 13,53,173 crore in the same period a year ago, commodity market regulator Forward Markets Commission (FMC) said. |
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| NMCE's bullion spot market plan hits roadblock | 24-JUL-09 |
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| The National Multi-Commodity Exchange (NMCE), country’s first commodity exchange which is gearing up to launch an agriculture spot exchange, has put its bullion spot exchange plan on the back burner. |
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| NMCE to launch 8-gm, 10-gm gold futures in August | 24-JUL-09 |
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| The National Multi Commodity Exchange (NMCE) will launch 8 gm and 10 gm gold futures’ contracts in August, Chief Executive Officer Anil Mishra said today. The move is aimed at increasing the share of bullion trade in the bourse's annual turnover. |
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