Commodity exchanges' turnover down
Mumbai: National commodity exchanges' turnover is falling amidst rising commodity prices. The aggregate turnover on NCDEX plunged from Rs1,17,47,142 crore in September to Rs94,12,513 crore in October while the turnover on MCX fell from Rs1,90,128 crore in September to Rs1,76,185.2 crore in October. This may be due to losses incurred by investors in the last several months because of high volatility.

The futures market regulator - Forward Markets Commission (FMC) - has also played a key part in the slowdown by tightening regulatory oversight through higher margins, penalties and so on. Systemic risks, bad and/or delayed deliveries - too have scared participants away.
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Jupiter Bio to raise Rs95 cr
Hyderabad: Jupiter Bioscience plans to raise Rs95 crore to fund its expansion programmes and long-term working capital requirement. The Hyderabad based company also wants to expand its Indian and US manufacturing facilities.

The company plans to go for a combination of debt and fresh issue of equity shares, convertible debentures, convertible preference shares or FCCBs to domestic investors including but not limited to institutional buyers, mutual funds, banks, insurance companies and corporate bodies. The company informed the BSE that the board of directors approved the proposal at a meeting on Thursday.
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