RBI had allowed procedural relaxation for imports and allowed export houses to import gold on 21 May
The Cotton Association says India is likely to produce 38 mn bales this year. Sowing area is expected to go up by 10-15 per cent
Shortage of seeds, threat of El Niño expected to restrict sowing
The bourse will come up in next two years at a project cost of over Rs 2000 crore
10% drop in a month; expected to fall to about Rs 25,000/10g in the near future
Spot delivery premium, after falling to $20 an oz the day after relaxation, has increased to $50
Forward Markets Commission optimistic on making India a price setter for some
Regional stock exchanges are rushing to reinvent themselves; many are looking to enter the real estate and financial services sectors
Many other forward products to be launched in futures platforms
Gold prices fell to Rs 28,200/10g, a 10-month low
Multi Commodity Exchange's stock rises nearly 20% in a day in anticipation of the sale
Restrictions on import along with 10% duty had resulted in huge smuggling which is estimated at 200 tonnes a year
Hopes the new government will help infuse stability in prices and reforms in agriculture marketing
Neptune Overseas holds 30.18% stake in the exchange
MCX board to discuss ways to sell FTIL stake at Friday meeting
Non-compliance of its order regarding FTIL stake, PWC report on the agenda
Interview with Chairman & group CEO, FTIL
FMC meeting today to decide on action against Multi-Commodity Exchange for failing to ensure stake sale by Financial Technologies
As debts mount, the company is switching from gold to diamond jewellery besides diversifying into new areas to tide over the restrictions on the gold business