Multi Commodity Exchange falls 10% after extending IT contract at higher cost

The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.

MCX shares fell as much as 10% on Friday after the company, late on Wednesday, extended the services of software vendor 63 Moons Technologies for six months at a higher cost. (File image)

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Shares of Multi Commodity Exchange of India fell as much as 10% on Friday after the company, late on Wednesday, extended the services of software vendor 63 Moons Technologies for six months at a higher cost.

The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.

Cracks in BJP-AIADMK alliance again as Delhi ‘hand’ seen in bids to rock EPS

Political Pulse44 min ago

The AIADMK-BJP alliance is under pressure as the AIADMK accuses BJP of meddling in EPS's leadership. Calls for leaving NDA are increasing and OPS may form a new party. BJP's efforts to gain control in Tamil Nadu are being resisted by AIADMK leaders. Despite challenges, EPS maintains a strong grip on the party. BJP's attempts to unite AIADMK have failed, potentially bolstering EPS's leadership.

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