Sun Pharma's offer was tempting because Ranbaxy was too busy fighting fires in the US to concentrate on operations.

Chary also says some government officials have played an important role in favouring organisations that MCX competes with.

In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.

Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.

MCX Stock Exchange is bullish on breaking-even in one year's time frame.

Recovery is attributed to higher domestic demand, export orders and import by NRIs.