Axis Securities takes membership on MCX’s platform

Leading commodity bourse MCX on Thursday announced that Axis Securities – a subsidiary of Axis Bank – has become the first bank-sponsored […]


Leading commodity bourse MCX on Thursday announced that Axis Securities – a subsidiary of Axis Bank – has become the first bank-sponsored broking entity to take membership on its platform. Last year, the Reserve Bank of India had opened the way for large banks to enter commodity broking services, through subsidiaries. In a statement, MCX managing director and CEO Mrugank Paranjape said, “With [Axis Securities] them on board, we expect other such entities to be soon joining us.” Through the massive distribution network and reach of Axis, the exchange platform stands extended to a large section of individuals, MSME and SMEs across the country, he said. “This would also go a long way in bringing the larger physical market in commodities to the commodity derivatives market,” Paranjape noted. Axis Securities managing director and CEO Arun Thukral said, “We look forward to support commodity market participants with the same enthusiasm and offer them the best in class products and services in bullion, metals, energy and agri commodities across the country.” The membership to Axis Securities was granted in first week of December 2017 and since then both are engaged in planning the education and training calendar to enable smooth roll out of services at Axis Securities, MCX added.



Revision in personal income tax rates may not change consumption habits

Salary hike

Aon Salary increment survey 2020: Salary hikes in 2020 lowest in a decade

Microsoft Noida

Microsoft launches new engineering and innovation hub in Noida


Generation Z: Marketing to the future


RBI notifies extension of MSMEs debt recast window

World bank ranking

World Bank Doing Business Ranking : India jumps up 79 positions, improving from 142 in 2014 to 63 in 2019


‘India needs a new policy framework with global standards to enhance electrical safety’: Rajesh Kumar, Eaton


Are MSMEs in the organic textile sector the engines to attain sustainable fashion and development goals?


Role of governance structures in the non-profit sector


Year 2020: Will India’s real estate be back on track after a challenging 2019?


Year 2020: India’s job market may see further dip; demand for tech skills to continue


Budget 2020-21: FM Sitharaman pegs Rs. 99,300 crore for education sector