The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
MCX has been struggling to raise funds with a rights issue, ending on Thursday.
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The new provisions strengthen the hands of minority shareholders and will improve corporate governance.
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.
The commerce ministry has called a meeting on Monday to discuss tighter norms amid reports of increased round-tripping of gold
MCX and MCX-SX are facing the worst crisis in their existence following the Rs 5,574 cr fiasco at the National Spot Exchange.
Commodity exchanges are all restructuring their boards of directors, after the recently issued guidelines of the Forward Markets Commission.
The board will have to take a decision that he cannot remain a permanent director and also have to decide to whether to amend the article of association of the exchange in this regard.
Department seeks investor database on the suspicion of fictitious investors.
At 12-15 tonnes, the imports in September are estimated to be much lower than in the same month last year.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
Slew of resignations at NSEL over past month in the wake of scrutiny; MCX gaps caused by new-age norms for commexes.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
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