media coverage - gujarat international finance tec-city115082500640_1.html 3 the hindu business line...
TRANSCRIPT
MEDIA
COVERAGE
On
MCX Signs MoU to establish an international
exchange with India’s first International
Financial Services Center (IFSC) at GIFT City
PUBLICATION NAME : Business Standard
EDITION : All Editions
DATE : 26-08-2015
PAGE : 18
PUBLICATION NAME : The Hindu Business Line
EDITION : All Editions
DATE : 26-08-2015
PAGE : 05
PUBLICATION NAME : The Financial Express
EDITION : All Editions
DATE : 26-08-2015
PAGE : 10
PUBLICATION NAME : Financial Chronicle
EDITION : All Editions
DATE : 26-08-2015
PAGE : 04
PUBLICATION NAME : The Hindu
EDITION : All Editions
DATE : 26-08-2015
PAGE : 15
PUBLICATION NAME : The Statesman
EDITION : New Delhi
DATE : 26-08-2015
PAGE : 13
PUBLICATION NAME : The Times of India
EDITION : Ahmedabad
DATE : 26-08-2015
PAGE : 03
PUBLICATION NAME : DNA
EDITION : Ahmedabad
DATE : 26-08-2015
PAGE : 03
PUBLICATION NAME : Afternoon Despatch & Courier
EDITION : Mumbai
DATE : 26-08-2015
PAGE : 22
PUBLICATION NAME : The Free Press Journal
EDITION : Mumbai
DATE : 26-08-2015
PAGE : 20
PUBLICATION NAME : The Economic Times (Hindi)
EDITION : All Editions
DATE : 26-08-2015
PAGE : 04
PUBLICATION NAME : Business Standard (Hindi)
EDITION : All Editions
DATE : 26-08-2015
PAGE : 06
PUBLICATION NAME : Navbharat
EDITION : Mumbai & Pune
DATE : 26-08-2015
PAGE : 07
PUBLICATION NAME : NavBharat Times
EDITION : Mumbai
DATE : 26-08-2015
PAGE : 09
PUBLICATION NAME : Absolute India (Hindi)
EDITION : Mumbai
DATE : 26-08-2015
PAGE : 22
PUBLICATION NAME : The Financial Express
EDITION : All Gujarat
DATE : 26-08-2015
PAGE : 01
PUBLICATION NAME : Divya Bhaskar
EDITION : Ahmedabad
DATE : 26-08-2015
PAGE : 13
PUBLICATION NAME : NavGujarat Samay
EDITION : Ahmedabad
DATE : 26-08-2015
PAGE : 13
PUBLICATION NAME : Vyapar (Gujarati)
EDITION : Mumbai
DATE : 26-08-2015
PAGE : 06
PUBLICATION NAME : Kutch Mitra
EDITION : Bhuj
DATE : 26-08-2015
PAGE : 08
ONLINE
COVERAGE
On
MCX Signs MoU to establish an international
exchange with India’s first International
Financial Services Center (IFSC) at GIFT City
No Website URL
1 The Economic Times
http://economictimes.indiatimes.com/markets/stocks/ne
ws/mcx-signs-mou-with-gift-city-for-international-asset-
class-exchange/articleshow/48667778.cms
2 Business Standard
http://www.business-standard.com/article/markets/mcx-
to-set-up-international-exchange-in-gift-city-
115082500829_1.html
http://www.business-standard.com/article/pti-
stories/mcx-inks-pact-to-set-up-int-l-bourse-at-gift-city-
115082500640_1.html
3 The Hindu Business Line
http://www.thehindubusinessline.com/markets/commod
ities/mcx-inks-pact-to-set-up-international-bourse-at-gift-
city/article7578740.ece
http://www.thehindubusinessline.com/markets/mcx-gift-
ink-pact-for-trading-platform/article7579438.ece
4 Mint http://money.livemint.com/news/company/news/multi-
commodity-exchange-inks-mou-with-gift-sez-393423.aspx
5 The Times of India
http://timesofindia.indiatimes.com/city/ahmedabad/MC
X-to-set-up-intl-exchange-in-GIFT-
IFSC/articleshow/48676261.cms
6 The New Indian Express
http://www.newindianexpress.com/business/news/MCX-
Inks-Pact-to-Set-up-International-Bourse-at-GIFT-
City/2015/08/25/article2992850.ece
No Website URL
7 The First Mail
http://thefirstmail.in/news/news-details/79823-
mcx_signs_mou_to_establish_an_international_excha
nge_with_ifsc#sthash.Qs1dr2OZ.dpbs
8 Punjab News Express
http://punjabnewsexpress.com/punjab/news/mcx-
signs-mou-to-establish-an-international-exchange-
with-ifsc--42866.aspx
9 Moneycontrol
http://www.moneycontrol.com/news/announcements
/mcx-signs-mou-to-establishinternational-
exchangeifsc-at-gift-city_2729421.html
10 Myiris
http://www.myiris.com/news/Outlook/mcx-signs-
mou-to-establish-international-exchange-with-ifsc-at-
gift-city/20150825150419199
11 Equity Bulls http://www.equitybulls.com/admin/news2006/news_
det.asp?id=167681
THE ECONOMIC TIMES http://economictimes.indiatimes.com/markets/stocks/news/mcx-signs-mou-with-gift-city-for-
international-asset-class-exchange/articleshow/48667778.cms
MCX signs MoU with Gift City for international asset class exchange
KOLKATA: Multi Commodity Exchange of India Ltd. (MCX) and GIFT SEZ Ltd., a wholly owned
subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at GIFT City,
Gandhinagar on Tuesday signed an MoU for developing of an international exchange that will
provide an electronic platform for facilitating trading, clearing and settlement of securities,
commodities, interest rates, currencies, other classes of assets and derivatives to international
investors in GIFT SEZ-IFSC.
Speaking on the development, Parveen Kumar Singhal, joint managing director, MCX said, "We are
happy to sign the MoU with GIFT City for developing an international exchange which can
successfully explore and exploit the huge untapped potential of a free financial market envisaged
in the IFSC, GIFT City. Given the consistent leadership position, robust processes and strong
technological backbone of MCX, we believe that the international exchange platform can not only
fulfil the government's vision of successfully developing an IFSC in India but also be able to create
tangible benefits to India's real economy too through the economic linkages. I am sure that the tie-
up will enable Indian entities to work along with international players to create win-win situations
and unlock values for both."
Ajay Pandey, MD & Group CEO, GIFT City said, "MCX's International Exchange at GIFT City is a
major step forward for establishing world class Exchange at GIFT IFSC. It would go a long way in
making India a key hub for commodity trading and would help in establishing the necessary eco
system. MCX's partnership with leading commodity player like CME would help establish a very
vibrant International Exchange at GIFT City."
BUSINESS STANDARD http://www.business-standard.com/article/markets/mcx-to-set-up-international-exchange-in-
gift-city-115082500829_1.html
MCX to set up international exchange in GIFT city The exchange will provide an electronic platform for facilitating trading, clearing and settlement
of securities
Multi-Commodity Exchange of India (MCX), India's leading commodity exchange, has signed a
memorandum of understanding (MoU) with GIFT SEZ Ltd., a wholly owned subsidiary of Gujarat
International Finance Tec-City Company Ltd. (GIFTCL) for developing an international exchange in
GIFT city.
As per the agreement, MCX will provide an electronic platform for facilitating trading, clearing and
settlement of securities, commodities, interest rates, currencies, other classes of assets and
derivatives to international investors in GIFT SEZ-IFSC (International Financial Services Centre).
"The international exchange proposed to be set up can successfully explore and exploit the huge
untapped potential of a free financial market envisaged in the IFSC, GIFT City. Given the consistent
leadership position, robust processes and strong technological backbone of MCX, we believe that
the international exchange platform can not only fulfill the government's vision of successfully
developing an IFSC in India but also be able to create tangible benefits to India's real economy too
through the economic linkages. The tie-up will enable Indian entities to work along with
international players to create win-win situations and unlock values for both," said Parveen Kumar
Singhal, Joint Managing Director, MCX.
Speaking on the occasion, Ajay Pandey, Managing Director and Group Chief Executive Officer, GIFT
City said, "MCX's International Exchange at GIFT City is a major step forward for establishing world
class Exchange at GIFT-IFSC. It would go a long way in making India a key hub for commodity
trading and would help in establishing the necessary eco system. MCX's partnership with leading
commodity player like Chicago Mercantile Exchange (CME) would help establish a very vibrant
international exchange at GIFT City."
BUSINESS STANDARD http://www.business-standard.com/article/pti-stories/mcx-inks-pact-to-set-up-int-l-bourse-at-
gift-city-115082500640_1.html
MCX inks pact to set up int'l bourse at GIFT city Commodity exchange MCX today said it has signed an agreement with GIFT SEZ Ltd to establish an
international exchange at GIFT city in Gandhinagar, Gujarat.
Gujarat International Finance Tec-city (GIFT city) is India's first global financial hub. Part of the Gift
city is notified as multi-service SEZ with international finance service centre status.
In a regulatory filing, MCX joint Managing Director P K Singhal said, "We are happy to sign the
MoU with GIFT city for developing an international exchange, which can successfully explore and
exploit the huge untapped potential of a free financial market envisaged in the IFSC, GIFT city."
He said the tie up will enable Indian entities to work along the international players to create win-
win situations and unlock values for both.
The proposed international exchange will provide an e- platform for trading, clearing and
settlement of securities, commodities, interest rates, currencies and other assets class and
derivatives to international investors.
GIFT city Managing Director and Group CEO Ajay Pandey said: "MCX's International Exchange at
GIFT city is a major step forward... It would go a long way in making India a key hub for commodity
trading and would help in establishing the necessary eco-system.
MCX' partnership with leading commodity player like CME would help establish a very vibrant
international exchange at GIFT city, he added.
MCX is the leading commodity bourse in the country, having a strong presence in metals and
bullion market.
THE HIINDU BUSINESS LINE http://www.thehindubusinessline.com/markets/commodities/mcx-inks-pact-to-set-up-
international-bourse-at-gift-city/article7578740.ece
MCX inks pact with GIFT City to set up international exchange NEW DELHI, AUG 25:
Commodity exchange, Multi Commodity Exchange of India Ltd (MCX) on Tuesday announced
setting up an international exchange at International Financial Services Center (IFSC) coming up at
GIFT City in Gandhinagar.
MCX and GIFT SEZ Ltd, a wholly owned subsidiary of GIFTCL signed a memorandum of
understanding (MoU) in Mumbai for developing of an international exchange that will provide an
electronic platform for facilitating trading, clearing and settlement of securities, commodities,
interest rates, currencies, other classes of assets, and derivatives to international investors in GIFT
SEZ-IFSC.
"The MoU is a major step forward for establishing world class exchange at GIFT IFSC. It would go a
long way in making India a key hub for commodity trading and would help in establishing the
necessary eco system. MCX’s partnership with leading commodity player like CME would help
establish a very vibrant international exchange at GIFT City," Ajay Pandey, MD & Group CEO, GIFT
City stated in an official statement here.
Parveen Kumar Singhal, joint Managing Director, MCX said, "Given the consistent leadership
position, robust processes and strong technological backbone of MCX, we believe that the
international exchange platform can not only fulfill the government’s vision of successfully
developing an IFSC in India but also be able to create tangible benefits to India’s real economy too
through the economic linkages. I am sure that the tie-up will enable Indian entities to work along
with international players to create win-win situations and unlock values for both."
THE HINDU BUSINESS LINE http://www.thehindubusinessline.com/markets/mcx-gift-ink-pact-for-trading-
platform/article7579438.ece
MCX, Gift ink pact for trading platform MCX will set up a facility for clearing and settlement of securities, commodities, interest rates,
currencies, other classes of assets and derivatives to international investors.
Multi Commodity Exchange has signed a memorandum of understanding with Gift Special
Economic Zone, a wholly-owned subsidiary of Gujarat International Finance Tec-City, for setting up
an electronic platform to facilitate trading in different asset classes for international investors.
The MCX agreement is in line with similar commitment provided by BSE, NSE and Ncdex. MCX will
set up a facility for clearing and settlement of securities, commodities, interest rates, currencies,
other classes of assets and derivatives to international investors at the one-of-a-kind financial
centre being developed at Gandhinagar in Gujarat.
Gift City is expected to create five lakh direct and an equal number of indirect jobs, which would
require 62 million square feet of commercial, residential and social facilities, on a total investment
of about ₹78,000 crore over the next 10 years.
Parveen Kumar Singhal, Joint Managing Director, MCX, said given the consistent leadership
position and strong technological backbone, the exchange’s international platform will not only
fulfil the Centre’s vision to develop an international financial service facility but also create
tangible benefits by way of economic linkages.
Earlier, MCX had tied up with US-based CME (Chicago Mercantile Exchange) Group to study
opportunities in the SEZ.
Ajay Pandey, Managing Director, Gift City, said the agreement will help make India a key hub for
commodity trading and establish the necessary eco system.
MINT http://money.livemint.com/news/company/news/multi-commodity-exchange-inks-mou-with-
gift-sez-393423.aspx
Multi Commodity Exchange inks MoU with GIFT SEZ
Multi Commodity Exchange of India (MCX), India's leading commodity exchange, and GIFT SEZ, a
wholly owned subsidiary of Gujarat International Finance Tec-City Company (GIFTCL) have signed
an MoU in Mumbai for developing of an international exchange that will provide an electronic
platform for facilitating trading, clearing and settlement of securities, commodities, interest rates,
currencies, other classes of assets and derivatives to international investors in GIFT SEZ-IFSC.
MCX's International Exchange at GIFT City is a major step forward for establishing world class
Exchange at GIFT IFSC. It would go a long way in making India a key hub for commodity trading and
would help in establishing the necessary eco system. MCX's partnership with leading commodity
player like CME would help establish a very vibrant International Exchange at GIFT City.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural
commodities. The exchange contributes maximum business to the total turnover of the
commodity futures market.
THE TIMES OF INDIA http://timesofindia.indiatimes.com/city/ahmedabad/MCX-to-set-up-intl-exchange-in-GIFT-
IFSC/articleshow/48676261.cms
MCX to set up int'l exchange in GIFT IFSC
AHMEDABAD: Multi-Commodity Exchange of India Ltd (MCX), a leading commodity exchange in
the country, will set up an international exchange at GIFT SEZ in Gandhinagar.
On Tuesday, the commodity exchange also signed a memorandum of understanding (MoU) with
GIFT SEZ Ltd, a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd
(GIFTCL). The exchange will come up at the International Financial Services Center (IFSC) being
developed at GIFT City.
The proposed international exchange will provide an electronic platform for facilitating trading,
clearing and settlement of securities, commodities, interest rates, currencies, other classes of
assets and derivatives to international investors in GIFT IFSC.
Ajay Pandey, MD and group CEO, GIFT City, said MCX's International Exchange at GIFT City would
go a long way in making India a key hub of commodity trading and help in establishing the
required 'eco-system' for such trade. MCX's partnership with leading commodity player like CME
would help establish an international exchange at GIFT City.
"The tie-up will enable Indian entities to work along with international players and create win-win
situations. It will also unlock values for both," said Parveen Kumar Singhal, joint managing director,
MCX.
Another leading commodity exchange — National Commodity & Derivatives Exchange Ltd.
(NCDEX) — is also in the process of setting up international commodity and derivatives exchange
in GIFT IFSC.
Not just that. Stock exchanges such as the Bombay Stock Exchange (BSE) and the National Stock
Exchange (NSE) have announced their plans to establish international exchanges in the IFSC.
THE NEW INDIAN EXPRESS http://www.newindianexpress.com/business/news/MCX-Inks-Pact-to-Set-up-International-
Bourse-at-GIFT-City/2015/08/25/article2992850.ece
MCX Inks Pact to Set up International Bourse at GIFT City
NEW DELHI: Commodity exchange MCX today said it has signed an agreement with GIFT SEZ Ltd to
establish an international exchange at GIFT city in Gandhinagar, Gujarat.
Gujarat International Finance Tec-city (GIFT city) is India's first global financial hub. Part of the Gift
city is notified as multi-service SEZ with international finance service centre status.
In a regulatory filing, MCX joint Managing Director P K Singhal said, "We are happy to sign the
MoU with GIFT city for developing an international exchange, which can successfully explore and
exploit the huge untapped potential of a free financial market envisaged in the IFSC, GIFT city."
He said the tie up will enable Indian entities to work along the international players to create win-
win situations and unlock values for both.
The proposed international exchange will provide an e- platform for trading, clearing and
settlement of securities, commodities, interest rates, currencies and other assets class and
derivatives to international investors.
GIFT city Managing Director and Group CEO Ajay Pandey said: "MCX's International Exchange at
GIFT city is a major step forward... It would go a long way in making India a key hub for commodity
trading and would help in establishing the necessary eco-system.
MCX' partnership with leading commodity player like CME would help establish a very vibrant
international exchange at GIFT city, he added.
MCX is the leading commodity bourse in the country, having a strong presence in metals and
bullion market.
THE FIRST MAIL http://thefirstmail.in/news/news-details/79823-
mcx_signs_mou_to_establish_an_international_exchange_with_ifsc#sthash.Qs1dr2OZ.dpbs
MCX Signs MoU to establish an international exchange with IFSC
Multi Commodity Exchange of India Ltd. (MCX), India’s leading commodity exchange, and GIFT SEZ
Ltd., a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at
GIFT City, Gandhinagar today signed an MoU in Mumbai for developing of an international
exchange that will provide an electronic platform for facilitating trading, clearing and settlement of
securities, commodities, interest rates, currencies, other classes of assets and derivatives to
international investors in GIFT SEZ-IFSC.
Speaking on the development, Mr. Parveen Kumar Singhal, Joint Managing Director, MCX said,
“We are happy to sign the MoU with GIFT City for developing an international exchange which can
successfully explore and exploit the huge untapped potential of a free financial market envisaged
in the IFSC, GIFT City. Given the consistent leadership position, robust processes and strong
technological backbone of MCX, we believe that the international exchange platform can not only
fulfil the government’s vision of successfully developing an IFSC in India but also be able to create
tangible benefits to India’s real economy too through the economic linkages. I am sure that the
tie-up will enable Indian entities to work along with international players to create win-win
situations and unlock values for both.”
Mr. Ajay Pandey, MD & Group CEO, GIFT City said, “MCX’s International Exchange at GIFT City is a
major step forward for establishing world class Exchange at GIFT IFSC. It would go a long way in
making India a key hub for commodity trading and would help in establishing the necessary eco
system. MCX’s partnership with leading commodity player like CME would help establish a very
vibrant International Exchange at GIFT City.”
PUNJAB NEWS EXPRESS http://punjabnewsexpress.com/punjab/news/mcx-signs-mou-to-establish-an-international-
exchange-with-ifsc--42866.aspx
MCX Signs MoU to Establish an International Exchange with (IFSC)
MUMBAI : Multi Commodity Exchange of India Ltd. (MCX), India’s leading commodity exchange,
and GIFT SEZ Ltd., a wholly owned subsidiary of Gujarat International Finance Tec-City Company
Ltd. (GIFTCL) at GIFT City, Gandhinagar today signed an MoU in Mumbai for developing of an
international exchange that will provide an electronic platform for facilitating trading, clearing and
settlement of securities, commodities, interest rates, currencies, other classes of assets and
derivatives to international investors in GIFT SEZ-IFSC.
Ajay Pandey, MD & Group CEO, GIFT City said, “MCX’s International Exchange at GIFT City is a
major step forward for establishing world class Exchange at GIFT IFSC. It would go a long way in
making India a key hub for commodity trading and would help in establishing the necessary eco
system. MCX’s partnership with leading commodity player like CME would help establish a very
vibrant International Exchange at GIFT City.”
Speaking on the development, Mr. Parveen Kumar Singhal, Joint Managing Director, MCX said,
“We are happy to sign the MoU with GIFT City for developing an international exchange which can
successfully explore and exploit the huge untapped potential of a free financial market envisaged
in the IFSC, GIFT City. Given the consistent leadership position, robust processes and strong
technological backbone of MCX, we believe that the international exchange platform can not only
fulfil the government’s vision of successfully developing an IFSC in India but also be able to create
tangible benefits to India’s real economy too through the economic linkages. I am sure that the
tie-up will enable Indian entities to work along with international players to create win-win
situations and unlock values for both.”
MONEYCONTROL http://www.moneycontrol.com/news/announcements/mcx-signs-mou-to-
establishinternational-exchangeifsc-at-gift-city_2729421.html
MCX signs MoU to establish an international exchange with IFSC at
GIFT City
Multi Commodity Exchange and GIFT SEZ today signed an MoU in Mumbai for developing of an
international exchange that will provide an electronic platform for facilitating trading, clearing and
settlement of securities, commodities, interest rates, currencies, other classes of assets and
derivatives to international investors in GIFT SEZ-IFSC.
MYIRIS http://www.myiris.com/news/Outlook/mcx-signs-mou-to-establish-international-exchange-
with-ifsc-at-gift-city/20150825150419199
MCX signs MoU to establish international exchange with IFSC at
GIFT City
Multi Commodity Exchange of India (MCX), India's leading commodity exchange, and GIFT SEZ, a
wholly owned subsidiary of Gujarat International Finance Tec-City Company (GIFTCL) at GIFT City,
Gandhinagar today signed an MoU in Mumbai for developing of an international exchange that
will provide an electronic platform for facilitating trading, clearing and settlement of securities,
commodities, interest rates, currencies, other classes of assets and derivatives to international
investors in GIFT SEZ-IFSC.
Parveen Kumar Singhal, joint managing director, MCX said, ''We are happy to sign the MoU with
GIFT City for developing an international exchange which can successfully explore and exploit the
huge untapped potential of a free financial market envisaged in the IFSC, GIFT City.
Given the consistent leadership position, robust processes and strong technological backbone of
MCX, we believe that the international exchange platform can not only fulfil the government's
vision of successfully developing an IFSC in India but also be able to create tangible benefits to
India's real economy too through the economic linkages. I am sure that the tie-up will enable
Indian entities to work along with international players to create win-win situations and unlock
values for both.''
Shares of the company gained Rs 18.35, or 1.88%, to trade at Rs 996.50. The total volume of
shares traded was 95,785 at the BSE (3.00 p.m., Tuesday).
- See more at: http://www.myiris.com/news/Outlook/mcx-signs-mou-to-establish-international-
exchange-with-ifsc-at-gift-city/20150825150419199#sthash.Wy6IX21c.dpuf
EQUITY BULLS http://www.equitybulls.com/admin/news2006/news_det.asp?id=167681
MCX to establish an international exchange with India's first
IFSC at GIFT City
Multi Commodity Exchange of India Ltd. (MCX), India's leading commodity exchange, and GIFT SEZ
Ltd., a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at
GIFT City, Gandhinagar today signed an MoU in Mumbai for developing of an international
exchange that will provide an electronic platform for facilitating trading, clearing and settlement of
securities, commodities, interest rates, currencies, other classes of assets and derivatives to
international investors in GIFT SEZ-IFSC.
Mr. Ajay Pandey, MD & Group CEO, GIFT City said, "MCX's International Exchange at GIFT City is a
major step forward for establishing world class Exchange at GIFT IFSC. It would go a long way in
making India a key hub for commodity trading and would help in establishing the necessary eco
system. MCX's partnership with leading commodity player like CME would help establish a very
vibrant International Exchange at GIFT City."
Speaking on the development, Mr. Parveen Kumar Singhal, Joint Managing Director, MCX said,
"We are happy to sign the MoU with GIFT City for developing an international exchange which can
successfully explore and exploit the huge untapped potential of a free financial market envisaged
in the IFSC, GIFT City. Given the consistent leadership position, robust processes and strong
technological backbone of MCX, we believe that the international exchange platform can not only
fulfil the government's vision of successfully developing an IFSC in India but also be able to create
tangible benefits to India's real economy too through the economic linkages. I am sure that the tie-
up will enable Indian entities to work along with international players to create win-win situations
and unlock values for both."
Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs.999.8 as
compared to the previous close of Rs. 978.15. The total number of shares traded during the day
was 101780 in over 7363 trades.
The stock hit an intraday high of Rs. 1019.2 and intraday low of 907. The net turnover during the
day was Rs. 98752182.