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UCX COMMEX TECHNOLOGIES
Universal Commodity Exchange likely to lose its national level statusFMC, through an order on September 23, declared the promoters of UCX and Skyline Capital not fit and proper to own shares in and run a comm...- FMC issues 'not fit & proper' notice to Universal Commodity Exchange promoter and MDThe notices have been issued after the auditing firm KPMG, which conducted forensic audit of the UCX, found several irregularities.
- KPMG to do forensic audit of UCX; submit report in 6 weeks: FMCFMC said KPMG has been appointed to conduct a forensic audit of the UCX after it found that its promoter allegedly siphoned off funds from ...
- Forward Markets Commission ropes in KPMG for forensic audit of Universal Commodity ExchangeEarlier this year, Universal Commodity Exchange (UCX) had decided to temporarily suspend trading following directions by the regulator.
- Private investors barred from buying big stakes in commexesThe new rules, released by regulator FMC, allow MCX to cancel the voting rights of promoter FTIL and withhold any benefit till stake sale.
- Bombay Bullion Association plans to buy 5% stake in MCXThe plan comes on the heels of the MCX board having directed the exchange’s promoter Financial Technologies to cut its stake to 2% from 26%...
- ICEX weighs UCX proposal for buyoutDecade-old commodity futures market might witness consolidation for the first time with Indian Commodity Exchange.
- Govt yet to notify head for Commexes’ CTT depositsCommodity exchanges have collected around Rs 80 crore through transaction tax from six commodity futures bourses since the levy was introdu...
- Universal Commodity Exchange goes liveUniversal Commodity Exchange (UCX) today became the country's sixth commodity exchange to launch futures trading.
- Heard on the street: Commex Tech climbs 24 pc after govt nodShares of Commex Technology, earlier known as IT People, have jumped by 24 per cent on BSE since Friday.
- Universal Commodity Exchange launch likely by Diwali: Ketan ShethUniversal Commodity Exchange (UCX) is likely to be launched as the country's sixth national commodity bourse by Diwali this year, said Keta...
- Universal Commodity Exchange seeks FMC nod to start operationsRamesh Abhishek, chairman, FMC, confirmed having received an application from UCX. "They (UCX) have informed us about having met the equity...
- Nabard buys 16% in Universal Commodity Exchange for 16 croreNational Bank for Agriculture and Rural Development has bought a 16% stake in the upcoming Universal Commodity Exchange for 16 cr.
- Commex tech looks to sell up to 10% in UCX to SBIOman Investment Fund recently received the FIPB approval to pick up 5% in the bourse for 13.75 crore at a premium of 17.5 per share.
- Govt gives nod to Oman Investment Fund to buy 5% stake in UCXThe govt has given nod to the Oman Investment Fund (OIF) to buy five per cent stake in the UCX, a national level commodity exchange in the ...
- REC close to buying 16% in UCX for Rs 16 croreRural Electrification Corporation is close to buying 16% in upcoming commodity futures bourse Universal Commodity Exchange for Rs 16 crore.
- UCX asks for more time to offload its equityKetan Sheth, the promoter of the sixth national commodity exchange, UCX, has asked the Forward Markets Commission (FMC) for six months more...
- IDBI bank buys 10% in UCX for Rs 10 croreIDBI Bank is a promoter of leading stock bourse National Stock Exchange, and the country's top depository, National Securities Depository L...
- Oman Investment Fund likely to buy 5% in UCXOman Investment Fund , owned by the Omani govt, may buy close to 5% in Universal Commodity Exchange, making it the first investment by an S...
- UCX gets FMC nod to go live; final approval likely soonUniversal Commodity Exchange has got the commodity market regulator FMC’s approval for going live, becoming the sixth national commex to go...
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