MCX goes for an IPO

The biggest commodities exchange in India Multi Commodity EXchange (MCX) decided to go for an IPO (Initial Public Offer). This is the first Commodity Stock Exchange in India to come for an IPO.

About MCX

Multi Commodity Exchange is being operated by Financial Technologies. Along with Financial Technologies, The major share holders of Multi Commodity Exchange are

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New Move by RBI - Non Banks To Set up ATM's

Till date ATM's usually refer to the property owned by banks. But from today the situation is going to change. India's Banking Regulator RBI has come up with a new Idea to allow the Non-Banks to set up ATM's. There are around 80,000 ATM's in the country. ATM's are growing at a rate of 30% per year. But when compared to other countries the number of ATM's India having is very less. There are still some towns and villages in India which haven't experienced

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