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Rajat Ubhaykar

Tag Archives: stocks

The MCX Factor

13 Wednesday Aug 2014

Posted by rajatu in Business, Economics and Finance, Reportage

≈ 1 Comment

Tags

business, commodities, company, finance, FTIL, Jignesh Shah, Kotak, NSEL scam, Stock Market, stocks

(Reproduced from original article in Outlook Business)

It’s a perfect David vs Goliath plot. The only difference is that here, David did not even have to fight the giant — Goliath simply surrendered in the battle for supremacy in the estimated Rs 100 lakh crore Indian commodity market. David, or Kotak Mahindra Bank, is now the single-largest shareholder in India’s largest commodity bourse, holding 80% share of the commodity market, while Goliath, MCX, has been summarily vanquished. Continue reading →

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