MCX Stock Exchange (MCX-SX), India’s new stock exchange, Wednesday said it has signed a cooperation agreement with global index provider Financial Times Stock Exchange (FTSE) to bring a range of international and new domestic indices in the country.

UK-based global index provider FTSE is jointly owned by The Financial Times and the London Stock Exchange.

Under the agreement, both...

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Editors' picks

Companies & Sectors

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Investor Interest

Japan's Nomura buys 35% stake in LIC units for Rs3.1 billion

13 August 2009

Life Insurance Corp of India (LIC), the country's largest state-run insurer said Japan-based Nomura Asset Management Co Ltd has bought a 35% stake in its mutual fund units for about Rs3.1 billion.

Nomura bought 35% stake each in LIC Mutual Fund Asset Management Co Ltd (LICMF) and LIC Mutual Fund Trustee Co Private Ltd (LICMF Trustee) as a strategic partner, Takumi Shibata, deputy...

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Investor Interest

Just $23,148,855,308,184,500 for a pack of cigarettes!

13 August 2009

Imagine buying a pack of cigarettes or eating out at a restaurant and being charged $23,148,855,308,184,500 i.e. $23 quadrillion for it on the credit card.

This shocking incident came true for New Hampshire's Josh Muszynski and North Texas's Jon Seale when the 17-digit amount appeared on their credit card statements, reports PTI.

Muszynski swiped his card at a gas station to buy a...

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