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FTIL exit should open a road for MCX

Recently FTIL announced selling its 15% stake in MCX to Kotak Mahindra Bank and now it is left only with 5%

We see it as a good investment: Kotak

Price it paid for exchange's share is 'fair'

Silver imports fall sharply in June

Results in silver inflow slowdown due to preference for gold and reduced industrial demand

MCX pays bulk of transaction tax

Major impact was seen on MCX because most of the volumes have been happening in metals and precious metals and energy

FTIL might exit MCX this week

Market sources say a binding agreement to sell 15% stake could be signed this week for a share price Rs 700-750

June gold imports at 12-month high

Premium for physical delivery, once as high as $180 an ounce, has fallen below $10

FAQ on the Essential Commodities Act

Some facts about its provisions and explanations about how it works

Gold-crude oil ratio close to six-year low

Oil prices set to rise domestically and abroad, contrary to the expectation for gold

Hedge funds enter market in droves

Change in MTNL's fortunes?

Gold gets its safe haven status back

Surge in price over recent days attributed to perception of turmoil in West Asia and the US Fed's dovishness on inflation; further trend depends on events

Kharif sowing of onion delayed as rains elude

Stock available at the season's opening is 3.9 million tonnes, 80% higher than last year's

FMC bans fresh positions in potato futures

Concerned at 'one-sided' price movements; imposes fresh margins on buyers, asks MCX to investigate source of funds of top participants

Common clearing could bring about a sea change for commexes

Clearing corporations collect money, deliver the goods and settle deals. Collecting margins and risk management are exchanges' responsibilities

New FMC norms: Exchanges set to boost tech focus

FMC has mandated commodity exchanges to have a standing committee of directors for technology

No proposal to delist any commodity from futures: Ramesh Abhishek

Interview with Chairman, FMC

Intelligence agencies peg gold smuggling lower than WGC

Say 50 tonnes of the precious metal smuggled into country last fiscal as against WGC estimate of 200 tonnes

FMC presses MCX to act

Says complete tech deal with FT and address stake sale issue

Spot gold premia decline

RBI had allowed procedural relaxation for imports and allowed export houses to import gold on 21 May

Cotton exports likely to fall in FY15 despite expectations of higher acreage

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