MCX may be restrained from launching fresh contracts: report

Multi Commodity Exchange (MCX), India's largest commodity bourse, may be barred from launching fresh contracts if it fails to bring down promoters' stake to 2 per cent, according to a Forward Markets Commission official. "FMC will take action against MCX if they do not comply with the shareholding order by April 30. FMC is likely to stop MCX from floating new contracts," the official said. Commodity market regulator FMC's ord...