Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 September, 2021 11:10 IST
MCX, NSE, India INX to set up market infrastructure institutions in GIFT City
Source: IRIS | 02 Mar, 2021, 09.58AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Multi Commodity Exchange of India (MCX), the largest commodity exchange in India has signed a Memorandum of Understanding with National Stock Exchange (NSE) of India and securities depositories for setting up market infrastructure institutions in the GIFT city.

The market infrastructure institutions comprise International Bullion Exchange, Clearing Corporation and Depository.

"National Stock Exchange of India, the Multi Commodity Exchange of India (MCX), India INX International Exchange (IFSC) (India INX), National Securities Depository (NSDL) and Central Depository Services (CDSL) have signed a memorandum of understanding for setting up market infrastructure institutions at Gujarat International Finance Tec-City (GIFT)," MCX said.

The setting up of market infrastructure institutions is in line with the Government of India objective to make India a price setter in bullion through GIFT International Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020, and other applicable laws, the exchange added.

Shares of the company declined Rs 9.05, or 0.60%, to settle at  Rs 1,503.70.  The total volume of shares traded  was  15,870 at the BSE (Monday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Surya Roshni bags Rs 412.2 mn order from GNIDA - 22-Sep-2021 20:00
Mumbai likely to see 7,000 property registrations in Sep2021: Motilal Oswal - 22-Sep-2021 17:31
Ramkrishna Forgings wins non-auto segment order worth Rs 650 mn - 22-Sep-2021 13:09
Mphasis arm acquires Blink Interactive - 22-Sep-2021 12:54
Cadila Healthcare arm inks pact with Integrace - 21-Sep-2021 19:36
HDFC Life's latest website design promises a delightful user experience - 21-Sep-2021 17:16
Glenmark Pharmaceuticals receives USFDA approval for Clindamycin Phosphate Foam - 21-Sep-2021 13:28
Kitex Garments signs MoU with Telangana State Government - 21-Sep-2021 13:15
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer