India's FTIL to sell commodity handling unit for INR242 crore amid fraud investigations

Mumbai, India-based financial services firm Financial Technologies (FTIL) will sell its commodity handling unit National Bulk Handling Corp (NBHC) for INR242 crore as the company goes through an investigation related to fraud allegations.

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US private equity firm Blackstone lifts stake in MCX

US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.

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India’s Bombay Bullion Association plans 5pct stake purchase in MCX

India's Bombay Bullion Association, a traders' group representing 1,000 jewelers and traders, plans to buy a 5% stake in the Multi Commodity Exchange of India Ltd after the Forward Markets Commission said its founder was not eligible to run the bourse.

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MCX CEO resigns from post

The CEO of India's largest commodities bourse quit his job as CEO.

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Institutional investors panick after MCX shares slide

Institutional investors, who own most of MCX's shares, panicked after shares of the company slid in the last quarter.

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