Indian Commodity Exchange
Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts
On Monday, the MCX Crude Oil futures were seen trading above the 100-DMA for the first time in more than six months. Sustained trade above Rs 6,350 can help the trend turn favourable for Crude Oil.
 "Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts")
Gold could test Rs 66,500, Silver Rs 85,000 in FY24, charts suggest
MCX Gold is likely to trade with a bullish bias this April as long as prices sustain above Rs 59,800; Pivot point for Silver is Rs 73,800.
 "Gold could test Rs 66,500, Silver Rs 85,000 in FY24, charts suggest")
Corporate India gears up to hedge China supply risk amid Covid surge
The sectors in India that import from China include pharmaceutical (pharma), automotive (auto), textile, engineering, and electronic goods
 "Corporate India gears up to hedge China supply risk amid Covid surge")
SAT gives ICEX another chance, quashes withdrawal of permanent recognition
Tribunal says 'the ship may be sinking but the leakages can be plugged', pulls up Sebi for concluding exit of top officials would necessarily lead to closure of the exchange
 "SAT gives ICEX another chance, quashes withdrawal of permanent recognition")
Indian Commodity Exchange ceases to be recognised bourse: Sebi
The exchange, in its submission, said it would raise investment and restart the trading within one year. However, no action plan has been submitted
 "Indian Commodity Exchange ceases to be recognised bourse: Sebi")
Amid low response, MMTC extends tender offer for 6% ICEX stake till Nov 29
MMTC has invited bids for acquisition of up to 3,20,00,000 shares
 "Amid low response, MMTC extends tender offer for 6% ICEX stake till Nov 29")
Indian Commodity Exchange upgrades to 'zero' data loss technology
Reliance ADAG-anchored Indian Commodity Exchange Ltd (ICEX) has adopted a new technology which transfers exchange generated data from data centre (DC) to the disaster recovery (DR) resulting into zero data loss.Sourced from MillenniumIT (MIT), subsidiary of London Stock Exchange Group (LSEG), the upgraded version of the technology brings ICEX into the league of exchanges with the world's best exchange technology platform. The upgraded technology platform of ICEX has advanced surveillance and risk management features at par with global best practices.With the implementation of the new technology, ICEX becomes the first exchange in India to adopt such a global hi-tech platform that ensures automatic and seamless switch-over from its DC to the DR site with zero data loss in case of exigencies."ICEX is the first exchange in India to implement this kind of high-end technology, which ensures that in case of any eventuality at the DC, the DR site takes over automatically without any data ...
 "Indian Commodity Exchange upgrades to 'zero' data loss technology")
MMTC to exit ICEX, starts process to divest 9.5% stake in the exchange
MMTC had divested 10% in Jan 2016, will now appoint consultant or merchant banker to exit completely
 "MMTC to exit ICEX, starts process to divest 9.5% stake in the exchange")
Indian Commodity Exchange gets Sebi nod to recommence operations
According to sources, ICEX has received in-principle approval from Sebi to recommence operations
 "Indian Commodity Exchange gets Sebi nod to recommence operations")
