MultiCommodity Exchange Ltd a Monopoly exchange in its own way in the Indian Commodity Segment listed with a appreciable premium [Read our MCX IPO Review here] and is all set to enter the Equity Trading Segment to get a slice of market from the National Stock Exchange.
Business of Commodity Exchnages in India: Commodity exchanges distinct from stock exchanges with a separate regulator; Multiple competitors (five national exchanges); Closely regulated list of products and participants; and Pricing is low and based on turnover rather than number of contracts. (more…)
The Supreme Court’s February 2, 2012 judgment on the 2G spectrum scam case and heightened public scrutiny of Government actions practically rule out the awarding of natural resources on a discretionary basis. We can easily conclude that the old process of awarding natural resources, such as coal blocks, mineral ores, Sand, etc on a discretionary basis will come to an end.