Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue. Profit after tax declined twenty-two percent sequentially while revenue also dropped. However, profit surged one hundred three percent year-on-year with strong trading volumes. Operational milestones included significant growth in average daily turnover and active clients. MCX remains dominant domestically and a major global commodity derivatives exchange.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of