India’s MCX-SX prepares for February launch

Mumbai-based MCX-SX is to go head to head against India's BSE and NSE

Indian exchange MCX Stock Exchange has set a date to begin trading in equity derivatives, in a move that opens up a new front in the competition between India’s dominant BSE and NSE exchanges.

M-Pesa mobile payment arrives in India

Mobile banking comes to India with M-Pesa, the mobile payment service that banks the 'unbanked'

Indian bank ICICI Bank has partnered with Vodafone to launch M-Pesa, the famous mobile payment service, in India.

Swift’s Indian take-aways


In June, India gained a representative on the Swift board for the first time, with the appointment of Bhavesh Zaveri, country head operations and head cash management products at India’s HDFC Bank. Here, he talks about emerging markets and Swift’s role

Fidessa opens Mumbai office to service Indian trading

Fidessa has opened an office in Mumbai office, building on the strength of its other regional bases in Hong Kong, Singapore, Tokyo and Sydney. The trading systems specialist says that demand from global clients to trade Indian equities and derivatives is the reason for establishing a local team, office and data centre facilities. Sayant Chatterjee, […]

Indian ‘flash crash’ attributed to human error

The trading crash at the NSE was caused by human error

A trading incident that saw India’s Nifty 50 Index collapse by approximately US$102.5 billion in value, causing circuit breakers to halt trading on the National Stock Exchange of India, has been attributed by market participants to a freak trade.