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  • Current Affairs 20th July 2014

    Updated : 20-Jul-2014

    Current Affairs 20th July 2014 - Important Points

    Current Affairs 20th July 2014 - Details

    Kotak Mahindra Bank to buy 15 pct stake in MCX

    Jignesh Shah-led Financial Technologies on Sunday said it has signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

    Financial Technologies India Ltd (FTIL) originally held a 26 percent stake in commodity exchange MCX. 

    Kotak will purchase the stake from bourse operator Financial Technologies (India) Ltd and the deal is subject to regulatory approvals, the statement said.

    The MCX offers trading in commodity futures including metals, crops and spices. The Securities and Exchange Board of India, the country's capital markets regulator, had ordered Financial Technologies to sell its entire stake in MCX in March.

    Market valuation of top-8 Sensex cos surge Rs 72259 cr

    The market valuation of top-eight Sensex companies surged Rs 72,259 crore last week, with ICICI Bank, ONGC and SBI emerging as the major gainers.

    Barring ITC and Infosys, rest eight companies, including TCS, RIL, CIL, HDFC Bank and Larsen, saw gains in their market capitalisation for the week ended Friday. 

    Over the past week, the BSE benchmark Sensex gained 617.21 points or 2.46 per cent to close at 25,641.56.

    India gets Swiss invite for discussions on Black Money

    As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters.

    Switzerland has been refusing to share details on names obtained by Indian authorities through other countries, namely France and Germany, saying they figured in lists stolen by certain ex-employees of the concerned banks and no details can be shared on the basis of illegally-obtained information.

    To crackdown on the menace of black money, the government has also constituted a Special Investigation Team (SIT) under the chairmanship of former Supreme Court judge Justice M B Shah.