Aug 27, 2014 at 19:25 | Source: PTI
In July, Jignesh Shah-led FTIL, the erstwhile promoter of MCX, had announced sale of its 15 per cent stake in MCX to Kotak Mahindra Bank for Rs 459 crore. Yesterday, commodity market regulator FMC had approved the deal with Kotak.
Aug 12, 2014 at 16:29 | Source: Moneycontrol.com
Over the course of the past one year, with the Sensex coasting to fresh all-time highs, Indias top investor Rakesh Jhunjhunwalas portfolio rose a staggering 73.21 percent, to be valued at Rs 7,261 crore (compared to Rs 4,192 crore a year-ago)
Jul 21, 2014 at 13:20 | Source: Moneycontrol.com
FTILs partial exit from the bourse, as well as Kotaks stake buy, along with another recent move by ace investor Rakesh Jhunjhunwala to pick up 2 percent stake, would hopefully turn a new chapter for Indias largest commodity exchange, which was at one point, threatened to be engulfed in the NSEL fallout.
Jul 21, 2014 at 09:15 | Source: Moneycontrol.com
In an earlier deal, FTIL had sold a 2 percent stake to investor Rakesh Jhunjhunwala on July 8. With this stake sale Financial Technologies has successfully pared its holding in MCX to 5 percent from 26 percent.
Jul 16, 2014 at 08:45 | Source: Moneycontrol.com
Rakesh Radheyshyam Jhunjhunwala bought nearly 5 lakh shares of Multi Commodity Exchange of India.
Jul 09, 2014 at 09:59 | Source: Moneycontrol.com
With this stake sale, FTIL's holding in MCX will come down to 24 percent . In December, commodity markets regulator FMC had declared FTIL as unfit to run any exchange after a Rs 5,600 crore payment crisis at group company National Spot Exchange Ltd (NSEL).The regulator asked FTIL to reduce its stake in MCX to 2 percent from 26 percent.
Jul 08, 2014 at 20:17 | Source: PTI
Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) at an average price of Rs 664 apiece.
Jun 28, 2014 at 12:52 | Source: Moneycontrol.com
Experts believe the market will continue to move in a range of 7400-7500 on the downside to 7600-7700 on the upside till Finance Minister Arun Jaitley announced his first Union Budget on July 10. According to them, going ahead implementation of reforms by the new government will be key to watch out for.
Jun 24, 2014 at 15:14 | Source: Moneycontrol.com
Jhunjunwala said that D-Mart today has 75 stores, and barring three or four, all the real estate is owned by D-Mart. This ensures huge savings on rentals and boosts operating margins
Jun 24, 2014 at 10:00 | Source: Moneycontrol.com
GAIL, HDFC, Sesa Sterlite, Hindalco and NTPC are top gainers in the Sensex. Among the losers are Infosys, Sun Pharma, Wipro and ONGC.