Edition: International
Wednesday 16 July, 2025
BREAKING NEWS

It’s a Crime, There Can be no Pardon for Nimisha Priya, Says Deceased’s Brother

  • News
    • Kochi
    • Trivandrum
    • Kozhikode
  • Sports
  • Business
  • Health
  • Entertainment
    • E24hrs
    • Cinema
    • Directors
    • Actors
  • Education
    • Career
  • Automobile
  • Personalities
    • Political Leaders
  • Religion
    • Christian
      • Catholic
      • Latin Catholic
      • Syro Malabar
    • Hindu
    • Islam
  • Environment
  • More
    • Food
    • Wellness
    • Lifestyle
    • Beauty & Fashion
    • Fitness
    • Mental Health
    • Yoga
    • Video
  • മലയാളം
BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
Ambuja Cements and Adani Foundation Bring Healthcare Closer to Rural Communities
Operation Kalnemi: Over 300 Fake ‘Babas’ Nabbed in Uttarakhand
Mamata Banerjee, Amit Malviya Spar over NITI Aayog’s Observations on West Bengal Finance
It’s a Crime, There Can be no Pardon for Nimisha Priya, Says Deceased’s Brother
Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7
    • News
      • Kochi
      • Trivandrum
      • Kozhikode
    • Sports
    • Business
    • Health
    • Entertainment
      • E24hrs
      • Cinema
      • Directors
      • Actors
    • Education
      • Career
    • Automobile
    • Personalities
      • Political Leaders
    • Religion
      • Christian
        • Catholic
        • Latin Catholic
        • Syro Malabar
      • Hindu
      • Islam
    • Environment
    • More
      • Food
      • Wellness
      • Lifestyle
      • Beauty & Fashion
      • Fitness
      • Mental Health
      • Yoga
      • Video
    • മലയാളം
  • Business
  • MCX wins ‘Best Commodity Exchange’ Award

    By NE Reporter on July 26, 2016

    MUMBAI:
    Multi Commodity Exchange of India Ltd (MCX), India’s No. 1 commodity exchange, has been honoured with the Best Commodity Exchange Award at the Bullion Federation Global Convention organized by the Bullion Federation in Agra during 21st-24th July 2016.
    The Bullion Federation is a national level apex body representing the bullion industry to further the cause of bullion trade and its members. The conference was attended by over 400 delegates, including refiners, bullion importers, bullion dealers, banks, foreign banks, logistics companies, commodity exchanges, and media and metal research houses among others.
    The award recognizes MCX’s commitment towards developing a vibrant commodity futures market in India by providing a robust and efficient platform for price discovery and risk management across a diverse range of precious metal, energy, base metal and agri products.Award pic
    On receiving the award, Shivanshu Mehta, Vice President- Bullion, MCX, said, “MCX is honoured to earn this prestigious recognition from the Bullion Federation which is an endorsement of trust of our industry peers. This award reflects not only the remarkable growth MCX has witnessed during the last decade, but also the innovative products, and a slew of strategic initiatives that the exchange introduced to support the hedging needs of commodity stakeholders across the country. “
    “The exchange remains committed to the risk management requirements of the entire bullion fraternity. With their trust and support, our successful gold and silver futures contracts have displayed good volumes, turnover, open Interest (OI), liquidity and high hedging efficiency. For the Q1 FY 17, bullion contracts clocked an average daily turnover of Rs. 9,945 crore, with daily volumes of Gold at 21 metric tonnes (MT) and Silver at 929 MT for the period. The OI/Volume ratio reflected healthy hedgers’ participation. With the likely introduction of new derivative products, MCX will continue to strengthen its product offering to the bullion value-chain”, Mehta added.
    Reinforcing their faith in MCX, the bullion traders and industry stakeholders present during the event expressed their delight on MCX receiving this well-earned honour. They jointly stated that “MCX’s unflinching passion for creating an efficient trading platform for commodity stakeholders cannot be overemphasized.”
    During the policy round-table at the event with the Hon’ble. Union Minister of State for Finance and Corporate Affairs, Shri. Arjun Ram Meghwal, the bullion industry brought all contemporary issues to the fore. There were elaborate discussions on the Commodity Transaction Tax (CTT) that has adversely affected the cost of hedging bullion price exposure in India, thereby pushing hedgers to overseas exchanges; and has also led to the rise in dabba trading. Participation of banks in domestic commodity exchanges was also touched upon.

    Iscea

    NE Reporter

    Best Commodity Exchange AwardBullion Federation Global ConventionMCXMulti Commodity Exchange of India LtdShivanshu Mehtavice president Bullion MCX

    more recommended stories

    • Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7

      KOCHI:Samsung, India’s largest consumer electronics brand,.

    • Global Retail Giant Lulu Group Explores Strategic Sourcing from Meghalaya

      SHILLONG:A high-level 8-member delegation from Lulu.

    • Reflections Info Systems Figures Among 50 ‘Great’ Mid-size Workplaces in Country

      THIRUVANANTHAPURAM:Reflections Info Systems, a prominent technology.

    • Country’s Biggest Beachside Startup Fest to Rev Up Ecosystem

      THIRUVANANTHAPURAM:The picturesque beachside of Kovalam near.

    • India International Industrial Expo to be Held in Kochi from January 16

      THIRUVANANTHAPURAM:The second edition of the India.

    • India Needs to Strengthen its AI Ecosystem: KSUM CEO Anoop Ambika

      THIRUVANANTHAPURAM:India should be focusing more on.

    • Full Exemption from Income Tax KSUM Startup Fuselage

      KOCHI:KSUM-incubating deep-tech company Fuselage Innovations has.

    • Coal India Ltd., Singareni Collieries Company Limited (SCCL) and Heartfulness Enter a Landmark MoU

      HYDERABAD:Coal India Ltd., The Singareni Collieries.

    • Preethi Zodiac Mixer Grinder Puts India on the World Map

      KOCHI:In a bold and extraordinary display.

    • Software Development Company Analystor Technologies Opens New Office in Technopark

      THIRUVANANTHAPURAM:Software Development company Analystor Technologies opened.

    Live Updates

    • Ambuja Cements and Adani Foundation Bring Healthcare Closer to Rural Communities
    • Operation Kalnemi: Over 300 Fake ‘Babas’ Nabbed in Uttarakhand
    • Mamata Banerjee, Amit Malviya Spar over NITI Aayog’s Observations on West Bengal Finance
    • It’s a Crime, There Can be no Pardon for Nimisha Priya, Says Deceased’s Brother
    • Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7

    NewsExperts.in

    • മലയാളം
    • മലയാളം

    What’s New ?

    • Ambuja Cements and Adani Foundation Bring Healthcare Closer to Rural Communities
    • Operation Kalnemi: Over 300 Fake ‘Babas’ Nabbed in Uttarakhand
    • Mamata Banerjee, Amit Malviya Spar over NITI Aayog’s Observations on West Bengal Finance
    • It’s a Crime, There Can be no Pardon for Nimisha Priya, Says Deceased’s Brother
    • Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7

    Newsexperts.in - powered by Klickevents Infosolutions (P) LTD