FTIL member rejects misconduct charges by MCX auditor

Special audit report conducted by the PricewaterhouseCoopers on Multi Commodity Exchange has met with another opposition. Earlier FTIL, the promoter of MCX had opposed its contents and now Venkat......

Kotak to buy 15% stake in MCX for Rs 459 cr

Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore (Rs 4. 59 billion) from Financial Technologies India (FTIL). The deal values MCX at Rs......

Ex-bureaucrat blames former employees for NSEL crisis

Former bureaucrat Venkat R Chary, who served as non-executive chairman of commodity bourse MCX till August 2013, has put the blame for NSEL crisis at the former chief executive officer and certain......

'Finance ministry supported NSE in fight with MCX'

Venkat R Chary (74), a senior former bureaucrat and the non-executive chairman of Multi Commodity Exchange (MCX) for a decade until August 2013, is now an independent director at Financial......