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FMC clears Kotak's 15% stake buy in MCX, FTIL sells remaining 5% too for $35M

Anuradha Verma

Earlier in July, FTIL had sold 6 per cent of MCX in two tranches.

Moody's estimates India’s Q1 GDP growth at 5.1% vs 4.7% last year


The official data for June quarter of 2014 will be released on Friday.

Asian equities receive $3B in Aug; India corners $700M: HSBC


China remains the most over-owned market in the region, followed by India, HSBC said.

Govt notifies increase in FDI cap to 49% in defence sector


The move is aimed at boosting domestic industry which imports up to 70 per cent of its military hardware.

RBI hopeful of corporate investment uptick in FY15, keeps growth projection at 5.5%

The central bank envisages a capex of about Rs 1.2 trillion from private corporate sector in 2014-15.

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