| NYSE takes stake in India’s MCX
NYSE Euronext has bought a 5 per cent stake in India's largest commodities exchange, expanding its presence in the fast-growing economy. The US group, which runs New York Stock Exchange, also has a stake in India's biggest stock market. .
India gold futures fall, may test Rs 11,000
MUMBAI: Gold futures fell on Friday, after having seen a record high earlier this week, as overseas investors sold gold to cover margin calls in stocks and softer crude oil added bearish pressure, analysts said.
"Overall it is in a selling mode again," said an analyst at IL&FS Investsmart Commodities Ltd. "But it may bounce back again after testing its supports."
Another analyst, K N Rahaman, senior analyst at Way 2 Wealth Securities Ltd, said the benchmark February gold on the Multi Commodity Exchange of India Ltd (MCX) could test Rs 11,000 per 10 grams.
"But I am not bearish, slowly it can recover," Rahaman added.
The factors that backed gold's rally -- chances of a rate cut in the US and the growing clout of the commodities asset class -- are likely to continue supporting gold, the analysts said.
MCX to support Microsoft's rural technology training programme
MUMBAI: Multi Commodity Exchange of India on Thursday announced its support to an ongoing computer literacy programme of Microsoft and Indian Society of Agribusiness Professionals in rural Maharashtra.
This marks the launch of MCX's Corporate Social Responsibility initiative aimed at empowering the youth and women of rural areas of the state with technology skills.
Till now over 15,500 people have been trained and more than 24,000 people are using this service across 16 districts by the means of understanding the futures markets prices of the area specific commodities.
MCX's support will help in increasing deployment of laptop and desktop computers and thereby strengthen the ongoing technology training and adoption efforts through the project.
New Zealand Stock Exchange Selects TCS BANCS Market Infrastructure ...
MUMBAI, India, Sept. 28 /PRNewswire/ -- TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO) dedicated to providing business application solutions to the banking, insurance and capital markets industries, today announced that its TCS BANCS Market Infrastructure solution has been chosen by the New Zealand Stock Exchange (NZX). TCS BANCS Market Infrastructure provides multientity, multilingual support to Depository and Clearing institutions with comprehensive functionality across Equity, Fixed Income, Commodities and Derivatives asset classes. This product offers complete functional coverage across technology platforms and delivery channels. TCS BANCS Market Infrastructure is fully compliant with international standards from the G30 and the Bank of International Settlements.
Hutton faces bloody battle against Murdoch
Giving the Murdochs a bloody nose will bring John Hutton, the Secretary of State for Business, plenty of cheers from the political sidelines.
BSkyB must sell most of ITV stake Labour gives Murdoch a bloody nose Read more of Damian Reece's commentGetting tough over competition issues with Rupert Murdoch's News Corporation and its associated companies, such as BSkyB, is perfectly laudable, as it would be with any company. Take on the Murdochs by all means, but choose your battles carefully. .
New Jersey man missing in Breckenridge
Search and rescue members called off the search at dark Saturday night with expectations to widen the search at first light on Sunday.
Breckenridge police issued a release saying Barbiere, of Wyckoff, N.J., was highly intoxicated when he left into a blizzard early Friday morning, according to his friends. Barbiere, a white man with brown hair and brown eyes, then headed north on Main Street wearing a black and gray ski jacket, jeans and tan boots.
At 12:22 p.m. on Friday, Barbieres friends and family, who chose not to speak publicly, reported the young man missing. Five hours later when they still had not heard from him, police began the search. Barbieres family and friends quickly joined the effort, distributing flyers with his picture in bars and restaurants across town.
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