कोशिश गोल्ड - मुक्त
MCX set to sever tech ties with its founder 63 Moons
Mint Mumbai
|September 26, 2023
Long-awaited shift to TCS service to make significant cost savings for MCX
After a year of costly extensions, MCX, India’s largest commodity derivatives exchange, is preparing to part ways with 63 Moons Technologies Ltd, its former anchor shareholder. The separation involves a crucial technology platform necessary for running its operations, including trading, clearing and settlements.
On Monday, the MCX stock hit a 52-week high, as investors celebrated the news, anticipating significant cost savings.
The exchange said in a circular on 19 September that it proposes to migrate to the new commodity derivatives platform (CDP) developed by Tata Consultancy Services (TCS) by September-end, subject to necessary compliance and approvals. It said a separate circular would be issued on the actual “go-live date".
यह कहानी Mint Mumbai के September 26, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Mumbai से और कहानियाँ
Mint Mumbai
Fourth-gen heir’s bold bioplastics bet over sugar
As Balrampur Chini Mills Ltd (BCML), a 50-year-old sugar producer in Uttar Pradesh, builds its first bioplastic plant, the company’s fourth-generation promoter already has ideas on how to further diversify beyond its sugar and ethanol business.
3 mins
October 04, 2025
Mint Mumbai
FM, RBI guv see India as global anchor amid flux
Local consumption, strong fundamentals position India as stabilizing global force
3 mins
October 04, 2025
Mint Mumbai
How the Trump administration learned to love foreign aid
Nobody expected President Donald Trump to save a country from financial crisis. Yet on October 14th he will meet Javier Milei, Argentina's president and an ideological ally, to discuss the details of a rescue package.
4 mins
October 04, 2025
Mint Mumbai
Margin trades soar amid weak returns
Retail investors borrowing money from brokers to buy shares have been doubling down on some of India's worst-performing blue chips, in the hope that these stocks will bounce back despite steep declines over the past year.
2 mins
October 04, 2025
Mint Mumbai
Lawyers keep close eye on first class action lawsuit
Law firms are closely watching the case of minority shareholders of Jindal Poly Films against promoters Shyam Sunder Jindal and Subhadra Jindal over an alleged “siphoning of assets” of more than ₹2,500 crore—the first corporate class action suit in India under a provision of the Companies Act that has never been used before.
2 mins
October 04, 2025
Mint Mumbai
India faces WTO scrutiny over import curbs, quality control
India has come under fresh scrutiny at the World Trade Organization (WTO) over its import restrictions and quality control orders, with several members questioning if New Delhi's measures related to pulses, tyres and air conditioners constituted trade barriers.
2 mins
October 04, 2025
Mint Mumbai
Kuku FM looks to raise up to $80 mn
Audio streaming platform Kuku FM has signed a term sheet to raise about $70-80 million in new funding, with South Korean-based video game publisher Krafton leading the round alongside existing investors, three people familiar with the matters said.
1 min
October 04, 2025
Mint Mumbai
Draft gaming rules trigger pushback from stakeholders
India’s beleaguered online real-money gaming industry stakeholders have questioned what they call ambiguities in the draft rules of the law that ban any game involving financial winnings.
1 mins
October 04, 2025
Mint Mumbai
Delhi, TN, Maha lead e-bus sales surge in H1
Govt incentives, charging infrastructure also fuel e-bus demand in Odisha
2 mins
October 04, 2025
Mint Mumbai
‘25% tests positive for H3N2’
Is flu rampant at your home and neighbourhood? You are not alone. India is witnessing a surge in influenza cases this year with data from hospitals across the country showing that one in four people sampled have tested positive for the virus.
1 min
October 04, 2025
Translate
Change font size