Motorola Photon 4G Price

Offering a phone packed with a powerful balance of features to complement a consumer’s personal and professional life, Sprint (NYSE: S) and Motorola Mobility, Inc. (NYSE: MMI) today announced the July 31 availability of Sprint’s first international 4G smartphone, Motorola PHOTON™ 4G. Motorola PHOTON 4G, featuring a 1GHz dual-core processor, will cost $199.99 (excludes taxes) with a new line or eligible upgrade and two-year service agreement1.

For Specifications, Features & Pricing Go Here

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Now Sending E-Mail Newsletters costs you nothing, Comm100 offers free email marketing software

What is the E-Mail Newsletter?

A newsletter is a regularly distributed publication generally about one main topic that is of interest to its subscribers. Newspapers and leaflets are types of newsletters. Additionally, newsletters delivered electronically via email (e-Newsletters) have gained rapid acceptance for the same reasons email in general is gaining popularity over printed correspondence.

Why still paying for paid E-Mail Newsletters services, when a totally free software Available, can't believe?

Sendig a E-Mail Newsletter is not so easy, small businesses never got benifited because, sending a E-Mail Newsletter is never got free, it burdens the small businesses a lot. Now the solution is not so far and here it is:

Comm100, a Canadian Corporation, offers Unbelievable Free E-Mail Newsletter Service. The Service costs you nothing but a 2 minutes registration.

Comm100 not just offers a free service, but also maintains Industrial Standards as you see on Paid Services. Here, I Briefly overviewed it's features:

1. Send a large number of emails every day for free
2. Guaranteed E-Mail Delivery (never been marked as spam)
3. Choose from a lot of Pre-loaded, professionally designed templates. Customizing your Newsletter is so easy, and there are many optional columns to fulfill your stuff.
4. No need of installing software, web browser is enough
5. Subscribe Form can be integrated into your web pages (supports all platforms such as ASP.NET, PHP etc.,)

6. Grow your mailing lists by importing your existing contacts
7. Emails can be scheduled for sending at specified time. (Your Newsletters will be delivered at the exact time, as you set to).

8. Guaranteed Privacy & Security (Comm100 Acquired a Certification for their Privacy Policy. Comm100 not just to offer a software but also committed to protect your privacy. Your E-Mail/Personal Info/Data will never be shared with any third parties.)

9. Get Free Personal Coaching & Support (Comm100 won't left you alone with the free service, even they want to train you by providing exclusive tutorials. Also a Dedicated Customer Service Representatives always available to help you fixing the problems you claim).

and lots of Industrial standard features, Learn More Here...

Even you can compare Comm100 service with the other paid services, as follows:

constantcontact.com
- 15$ per month up to 0-500 e-mail addresses
- 30$ per month up to 501-2,200 e-mail addresses
- 50$ per month up to 2,501-5,000 e-mail addresses

and so on . . .

benchmarkemail.in
- 10$ per month limited to 1,000 e-mail's
- 14$ per month limited to 2,500 e-mail's
- 24$ per month limited to 5,000 e-mail's

and so on . . .

iContact.com
- 9$ per month up to 0-250 e-mail addresses
- 29$ per month up to 1,001-2,500 e-mail addresses
- 74$ per month up to 5,001-10,000 e-mail addresses
and so on . . .

While comes to Comm100, its costs nothing but offers you Unlimited E-Mail Addresses and Contacts. Comm100 allows you to Send a large number of emails everyday (Best suits to everyone as Small Businesses to Enterprises)

I don't want to tell you more, you'll know after trying it, proceed with the official website of Comm100: www.comm100.com

Note: E-Mail Addresses is nothing but Subscribers

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Sensex opens 120 points lower, Today!

Mumbai: The Bombay Stock Exchange benchmark Sensex opened lower by 120 points today as investors sold stocks amid a weakening global trend. The 30-share index, which lost 126.86 points in the previous session, fell further by 120.50 points, or 0.67 per cent, to 17,629.19 points in the first five minutes of trading.

Similarly, the wide-based National Stock Exchange index Nifty declined by 11.65 points, or 0.22 per cent, to 5,304.90 points at the same time.

Marketmen said investors and foreign funds were squaring up their pending positions ahead of settlement in derivatives segment tomorrow.

They said weak trend in overseas markets further fuelled the downtrend.

Among major losers, Larsen and Toubro fell by 1.49 per cent to Rs 1,794.00, Sterlite Industries by 0.59 per cent to Rs 177.70, Hindalco Industries by 0.33 per cent to Rs 150.85, DLF Ltd by 1.06 per cent to Rs 284.

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Indian Rupee Strengthened Against U.S. Dollar

Mumbai:The rupee today strengthened marginally to 46.21 against the US currency in early trade as the dollar remained steady in overseas markets. At the Interbank Foreign Exchange market, the domestic unit gained 3 paise to 46.21 a dollar. The rupee had closed 49 paise lower at 46.2425 a dollar in the previous trading session.

Dealers said the rupee moved in a thin range as local equities fell in early trade, while the US dollar traded steady against the major world currencies.

Some month-end dollar demand from importers also restricted the rupee movement, they said.

The Bombay Stock Exchange benchmark index, Sensex, fell by 120.50 points, 0.67 per cent, to 17,629.19 points in opening trade.

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BSE-benchmark Sensex - Starts with Low

Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday opened over 90 points lower on emergence of profit booking at higher levels amid weak Asian cues.

The 30-share index, which had gained 305.73 points in the previous sessions, fell by 90.47 points, or 0.50 per cent, to 17,786.08 points in the first five minutes of trading.

The wide-based National Stock Exchange index Nifty also fell by 27.20 points, or 0.50 per cent, to 5,326.10 points.

Marketmen said trading sentiment turned bearish on emergence of profit selling by funds at existing higher levels amid weakening trend in Asian bourses.

Reliance Industries declined by 0.42 per cent to Rs 1060.75, Infosys by 0.84 per cent to Rs 2,778.10, Sterlite by 2.91 per cent to Rs 178.35, Tata Steel by Rs 0.91 per cent to Rs 499.70 and Hindalco by 1.11 per cent to Rs 151.75.

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Sensex Profited over 500 points

Mumbai: Indian equities markets rose in tandem with global bourses in the week gone by, with a benchmark index rising almost three percent from its previous weekly close as investors across the globe continued to buy on hopes that there would not be another full-blown financial crisis, this time triggered by Europe.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 2.96 percent or 505.87 points to end at 17,570.82 points Friday. The sensex the week before had closed at 17,064.95 points.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) too ended the week on a high at 5,262.6 points, up 143.25 points or 2.79 percent, from its previous weekly close at 5,119.35 points.

Broader indices closed a tad lower with the BSE midcap index gaining 1.32 percent and the BSE smallcap index went up 2.41 percent.

The Sensex, however, ended a seven-day gaining streak on Friday to end 0.3 percent lower even as trading sentiments were helped only for a brief period by Reliance Industries announcement that it would be investing in power and telecom sectors in a big way doubling its turnover in the next decade.

The Sensex's spirited rise was also helped by foreign institutional investors, who according to data with the Securities and Exchange Board of India (SEBI), bought scrips worth $723.55 million during the week.

Among other Asian markets, the Japanes Nikkei gained about 3 percent to end the week at 9,995.02 points after investor interest returned in that market.

The Hang Seng of the Hong Kong Stock Exchange closed at 20,286.71 points, 2.08 percent higher.

However, the Chinese Shanghai composite index ended in the red at 2,513.22 points, down 2.21 percent from its previous weekly close, after the government said it would put a cap on rising drug prices.

Key European indices rose to highs not seen in almost a year as worries over sovereign debt of some of the countries retreated.

London's FTSE shut shop 1.69 percent up to close the week at 5,250.84 points. Its French peer CAC ended 3.7 percent higher at 3,687.21 points, while the German DAX closed 2.8 percent up at 6,216.98 points.

During the week US markets saw its biggest gains since November 2009 amid signs that positive economic growth was on the cards and fears of the Euro zone financial crisis not looming large anymore.

The benchmark indices such as the Nasdaq rose 2.95 percent to close the week at 2,309.8 points, and the S&P 500 soared 2.37 percent at 1,117.51 points.

The Dow Jones industrial average also closed 2.35 percent up at 10,450.64 points.

Stock Updates: http://www.yrox.in

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Sterlite Industries - Sterlite Industries Status

The company engages primarily in the production of copper in India. Its products include copper cathodes; and cast copper rods, including 11 mm and 12 mm rods used in the transformer industry, and 8 mm rods used by the wires and cables industry with applications in housing wires, electrical cables, and telecom cables. The company also engages in the mining of bauxite, and the production of aluminum conductors and various aluminum products, as well as in the mining of zinc ore, and in the manufacture of zinc ingots and lead ingots. In addition, Sterlite Industries produces various chemical products, such as sulfuric acids, phosphoric acids, phospho gypsum, hydro fluo silicic acids, and granulated slag.

Further, the company involves in trading gold, as well as in paper business. It markets its copper products directly to original equipment manufacturers and traders. The company is based in Mumbai, India. The company’s main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. The company is entering into the commercial power generation business by setting up a large scale 2,400 MW coal based independent thermal power plant in Jharsuguda, Orissa and a wind energy project at Karnataka, Gujarat and Maharashtra, totaling 110.4 MW. Post completion of these projects, the company will have a total wind power capacity of 148.8 MW.

Sterlite Industries is a public company traded under the ticker SLT at the NYSE in the form of ADS (American Depositary Shares) since 2007.

150,000,000 ADS at US$ 13.44 per share have been issued and registered on November 15, 2006, representing one underlying equity share per ADS. The registration statement contains financial data for fiscal years ended March 31, 2004 to March 31, 2006.

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Quadruple Witching - Market internals continued to strengthen

Today marks “quadruple witching” – the simultaneous expiration of four types of options and futures contracts. Quadruple witching days are often marked by volatility in stocks and exchange traded funds (ETFs).

Although the euro is weaker against the dollar today, the currency is still at three-week highs. This week’s eurozone debt auctions went a long way in soothing investor sentiment, although there are still concerns about how solvent these countries really are. The European Union plans to release the results of its bank “stress tests,” which could further assuage fears (or stoke them if the news is bad).

Everyone is mad for gold, and it’s little wonder why: the precious metal hit a record high closing price of $1,248.70 this week. The buyers include everyone from individual investors, institutions and foreign governments. Annalyn Censky at CNN Money says that foreign entities aren’t much different from other investors – they want to diversify, too. Although the U.S. dollar is the most typical reserve asset, gold is not far behind because it’s tangible and independent of any country’s economic policies.

Could President Barack Obama be gearing up for a clash with Chinese officials? He’s heading to a summit next week and ahead of the trip, he called for market-determined exchange rates in a letter to the G20. Beijing told the world not to criticize its currency policy just before that, but he’s clearly ignoring the directive. Obama’s letter urges partners to step up their efforts on financial reform.

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RIL AGM - Undertone in the Markets of Reliance AGM

The domestic equity markets continued to hover near the neutral line in late-afternoon trades as the annual general meeting (AGM) of Mukesh Ambani led Reliance Industries (RIL) failed to bring any major surprises for the street. The undertone in the markets turned cautious following conclusion of the AGM. The Anil Dhirubhai Ambani Group (ADAG) companies were the worst hit at this point of time. RIL was also trading with a cut of more than half a percent in trade. High beta — metal, realty and banking — shares were also witnessing some profit booking from marketmen. Meanwhile, positive European stocks and sustained value picking in capital goods, consumer durables and auto stocks was keeping the downside in check on the local bourses. The market breadth on the BSE turned negative; the losers outpaced the gainers in a ratio of 1591:1149 while 92 shares remained unchanged.

The BSE Sensex shed 1.10 points or 0.01% to 17,615.59. The index touched a high and a low of 17,721.99 and 17,557.54, respectively.

The BSE Mid-cap index dropped 0.15% while the Small-cap index rose 0.01%.

The main gainers in the BSE sectoral space were Capital Goods (CG) up 0.76%, Consumer Durables (CD) up 0.60%, Auto up 0.42%, Information Technology (IT) up 0.39% and Fast Moving Consumer Goods (FMCG) up 0.24%.

On the flip side, Metal down 0.64%, Realty down 0.60%, Oil & Gas down 0.57%, Bankex down 0.27% and Power down 0.14% were the main losers in the BSE sectoral space.

Meanwhile, cement manufacturers are finally feeling the heat of the heavy capacity addition that has run ahead of the demand scenario, and is resulting in sharp decline in prices in most of the regional markets.

The talk of oversupply in cement industry is not new. In fact, immediately after the global slowdown surfaced and the growth in the Indian economy too decelerated sharply, cement industry was believed to have worst prospects on account of large capex projects to be commissioned in the coming two years.

However, riding on the fiscal stimulus and rapid recovery in Indian economy, the industry somehow managed to keep the oversupply ghost at bay and prices never saw the kind of fall that was expected in any region during the fiscal 2009-10. A part of the reason was buoyant growth in demand as construction activity picked up, while the delay in planned capex projects also helped keep supply under control.

Hero Honda up 1.90%, L&T up 1.50%, M&M up 1.24%, BHEL up 1.10% and Jindal Steel up 1.07% were the major gainers on the Sensex.

On the other hand, RCom down 1.80%, Reliance Infra down 1.59%, ICICI Bank down 1.54%, Sterlite Inds down 1.45% and Maruti Suzuki down 1.31% were the major losers on the index.

A leading economic think-tank, Centre for Monitoring Indian Economy (CMIE), has maintained its earlier projection of Indian economy growing at the rate of 9.2% in the current fiscal year. CMIE???s projection is a full one percentage point higher than the RBI???s (Reserve Bank of India) projection as well as 0.7% higher than the government forecast.

‘We expect gross domestic product to grow by 9.2% in 2010-11 compared to a 7.4% in 2009-10,’ the CMIE said today in its report on the state of the domestic economy. The CMIE has been maintaining this growth forecast since March this year.

The S&P CNX Nifty slid 2.65 points or 0.05% to 5,272.20. The index touched a high and a low of 5,302.30 and 5,254.20, respectively.

HCL Tech up 2.63%, Hero Honda up 2.07%, L&T up 1.41%, Jindal Steel up 1.34% and M&M up 1.21% were the top gainers on the Nifty.

On the flip side, BPCL down 2.49%, RCom down 1.98%, ICICI Bank down 1.70%, Sterlite Inds down 1.67% and Rel Cap down 1.66% were the top losers on the index.

Among other Asian indices, Shanghai Composite trimmed 1.84%, Nikkei 225 slid 0.04%, Straits Times slipped 0.01% and Taiwan Weighted dipped 0.30% while Hang Seng increased 0.56%, Jakarta Composite advanced 1.12%, KLSE Composite gained 0.47% and Seoul Composite rose 0.24%.

European markets were trading in the green after a flat-to-negative start. CAC-40 added 0.44%, DAX rose 0.38% and FTSE 100 gained 0.60%.

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Apple iAd vs Google Ad Market

San Francisco: Apple has started creating threats to Google in the fast growing ad market through its mobile advertisement efforts. According to a report by Reuters, in the first eight weeks of selling iAds, Apple has got $60 million worth of commitments for mobile ads to run in 2010's second half, from 17 blue-chip brands including Unilever, General Electric and Citigroup.

BGC Financial Analyst Colin Gills said that he believe mobile ads represent an important new revenue stream for Apple, which could potentially account for close to 10 percent of the company's revenue by 2012. The company reported revenue of $36.54 billion in 2009.

Google is dominating internet ads for years through its search engine and now the company is enlarging its business to the web connected gadgets. Though the company doesn't reveal the size of its mobile advertising business, analysts believe annual revenue will be nearly under $500 million and primarily generated from mobile search ads.

As consumers increasingly turn away from their PCs and use smartphones to access the Internet, Google has developed a smartphone operating system, Android, that is now offered on devices made by 21 different hardware vendors.

According to the research firm Gartner, Android was the fourth-ranked smartphone operating system worldwide in the first quarter with 9.6 percent market share, while Apple's iPhone was number 3 with 15.4 percent.

To compete in the apps market, Google has developed a product dubbed AdSense for Mobile. And last month, the company closed its third-largest acquisition ever, shelling out $750 million for AdMob, an advertising firm that specializes in serving ads within smartphone applications.

About iAd

iAd rich media ads offer a dynamic and powerful new way to bring sight, sound, motion, and emotion into the hands of consumers with full-screen video, audio, games, maps, and more. iAd rich media ads allow users to interact with advertising without having to leave their app. With the iAd Network, developers now have a new, easy-to-implement source of revenue. Apple sells and serves the ads, and developers receive 60 percent of advertising revenue.

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Apple iPad sales crossed 2 Million in U.S.

Washington - June 2nd, 2010: Analysts has predicted that the sale of iPad will reach 1.5 million units in the quarter ending in June. Now, the figures released by Apple shows that the company has sold 2 million iPads since its launch in U.S. on April 3.

The company released the figures three days after its entry into the mass market - Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK.

To put the sales figures in perspective, the iPad reached sales of two million units in just two months, whereas the first version of the iPhone sold only a million units in the same time frame.

The iPad is yet to match the sales of the iPhone 3G, which sold three million units in its first month.

Apple, which recently launched the iBookstore in the UK, also claimed that the iPad's success exceeds that of any of the Mac and desktop products recently launched.

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Cisco to introduce its services in Saudi Market

Riyadh: According to an announcement made by Cisco, the company has been chosen by Telecom Company (STC), a leader in providing integrated communications services in the Kingdom of Saudi Arabia to introduce managed data center services to the Saudi market.

The contract, involves the strategic collaboration that combines best-of-breed virtualization, networking, compute and storage technologies from Cisco, EMC and VMware, with end-to-end vendor accountability. It represents the first Vblock Infrastructure Package (VIP) win for Cisco in the Middle East, will be delivered by Cisco partner Wipro.

In the past decade, data centers are changing in areas like architecture, new technologies, application architectures, regulations etc. causing one of the most comprehensive IT infrastructure transformations. With Cisco's managed data center services, STC will be able to meet the challenge to address these changes.

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Reliance Industries (RIL) stock updates

Bangalore: Angel Securities is bullish on Reliance Industries (RIL) stock and has recommended a buy rating with a target price of Rs. 1,260. In a possible move towards reconciliation, the boards of RIL and Anil Dhirubhai Ambani Group (ADAG), on 23 May, signed an agreement cancelling the non-compete arrangement they had entered in January 2006.

The two sides had signed a simpler non-compete agreement that will restrain RIL from setting up gas-based power projects until 2022, thus the sector will remain with the ADAG group. The move offers an opportunity to both the groups to enter sectors that had earlier been reserved for one of them until 2016. With the cancellation of the non-compete agreement, issues such as first right of refusal in case of a majority stake sale by companies covered under the agreement ceases to exists.

Angel believes that the move is also likely to be positive for RIL as it opens up newer growth avenues to redeploy huge cash flows, which the company is likely to generate. With the recommended target price of 1,260, if the stock is bought at Monday's closing price of Rs. 1021.45, the percentage of gain would be 18.93 percent.

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ISE to start its operation from october; ISE Trading

Mumbai: The Inter-connected Stock Exchange of India (ISE), promoted by 13 regional stock exchanges has announced that it would launch live trading on its platform in October 2010. With this announcement, the competition in the stock exchange business in India is set to become fiercer.

Apart from 13 regional stock exchanges which hold five percent stake in ISE, the other big shareholders include Bennett, Coleman and Company, Mumbai-based stock broker and bond dealer Darashaw and Co, Religare Technova and leading gold trader Prithviraj Kothari of Riddhi Siddhi Bullion. All of them hold nine percent each in the exchange. The wife of another top stock operator, O M Damani, holds three percent.

ISE has brought in IT major Tata Consultancy Services as its technology partner. TCS will handle ISE's clearing, trading, settlement and other software-related needs. ISE will offer "cost-effective trading, clearing and settlement, risk management and surveillance support to over 800 trading members across 79 cities in India supported by its nine branch offices," said Managing Director of ISE, PJ Mathew. Out of the 13 promoter exchanges, Kochi, Bangalore, Jaipur, Madras, Madhya Pradesh, Guwahati and Uttar Pradesh exchanges are active.

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Google search engine market data released

Reston, Virginia: The monthly comScore rankings of the U.S. search engine marketplace is released for the month of April. A total of 15.5 billion core searches were effected with Google sites leading the market with 64.4 percent share of core searches.

Yahoo sites followed the order with 17.7 percent while Microsoft sites accounted for 11.8 percent. Both Yahoo and Microsoft saw an increase in their market share, going up by 0.8 and 0.1 percent respectively. This was the result of introduction of new site navigation experiences that tie content and related search results together within several channels.

Ask Network and AOL LLC rounded off the top five in the search market with 3.7 and 2.4 percent market share.

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iPad sales in Major Nations starts from May 208

Paris: Apple announced that its mass market iPad tablet PC will go on sale outside the U.S. in nine major countries for the first time on May 28.

The much-anticipated consumer gadget was launched in the U.S. domestic market on April 3, but such was demand that the Apple was forced to delay deliveries to international consumers.

Now, fans in Australia, Britain, Canada, France, Germany, Italy, Japan, Spain and Switzerland can look forward to seeing them in the shops before the end of the month, Apple said.

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Stock Market; BSE-PSU index

Bangalore: Last week, the BSE-PSU index with a gain of 0.9 percent emerged as the top performer in the Bombay Stock Exchange. BSE's PSU index gained 7.97 percent in the past one month, in comparison, the Sensex's rise has been only four percent.

Two out of every three stocks that make up the 48-firm public sector units' index of BSE have outperformed the benchmark Sensex in the past month. Investors have been buying state-owned company shares as an estimated Rs. 30,000 crore disinvestment programme has boosted expectations of reforms and increased institutional participation.

Among the stocks, Hindustan Copper gained the most, up 68 percent during this period. NTPC, which is likely to be the first firm whose shares will be sold as part of the divestment programme, gained 11.67 percent while NMDC, another company that has got the cabinet nod for a share sale, rose 18 percent. The government's disinvestment programme has raised investor hopes of policy changes or reforms benefiting the firms on the block or the sectors that they are a part of, said analysts and fund managers.

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Apple into Mobile Advertising Market

Bangalore: Apple has entered the mobile advertising market with its new platform called iAd, which will help thousands of application developers to earn from a new source of revenue. Apple Inc may charge about $1 million for displaying advertisements on its mobile devices, the Wall Street Journal predicts, according to Reuters.

The company indicated it could charge as much as $10 million to be part of a handful of marketers at the launch, the newspaper said, citing a person familiar with the matter. Ad executives told the paper that they are used to paying between $100,000 and $200,000 for similar mobile deals. As per the revenue sharing plan, application developers will receive 60 percent of the revenue, while Apple will get the other 40 percent.

Google, which already sells advertising on smartphones, agreed to buy mobile ad firm AdMob late in 2009. U.S. regulators are examining the deal's antitrust implications.

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Micromax, 3rd largest GSM Mobile vendor in India

New Delhi: When four friends planned to diversify their IT hardware distribution business and start making mobile phones, which would specifically suit Indian consumers, did not know that after two years, they will be giving mobile handset majors; such as Nokia, Samsung and LG, a run for their money, reports Economic Times.

In the two years of span, Micromax grew to become the third-largest GSM mobile phone vendor in India, after Nokia and Samsung, with a market share of six percent. According to research firm IDC, this Rs.1,600 crore brand, which sells around one million mobiles every month, has a presence in more than 500 districts through 70,000 retail outlets. Speaking on this subject, Vikas Jain, one of the four founders of Micromax Informatics, the company that owns the Micromax Mobile brand, said, "We saw that the MNC brands were not selling phones that suited Indian consumers' requirements. This void had to be filled. So in April 2008, we forayed into the handset market."

Targeting specifically at the rural masses, the company has also started selling handsets that come with features appealing to urban consumers such as music phones, qwerty and internet-enabled handsets. "We wanted to approach the market in a different manner by first going to rural and semi-urban areas, establishing a good distribution base and then targeting the big cities," said Vikas Jain.

Recently, the company came up with a universal remote control phone, one that can be paired to household appliances like the TV, AC, to act as a remote control for them. "We have to be quick in launching new products as competitors can also copy a lot of this soon enough," reasons Jain.

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BSE reduces membership fee

Bangalore: Within a week after MCX Stock Exchange (MCX-SX) reduced their stake to 10 percent - a necessary condition for it to start trading in shares, the Bombay Stock Exchange (BSE) feels the heat and decided to reduce the membership fee for new members by 90 percent to Rs.10 lakh with immediate effect, reports PTI.

The reduction seems to be effective across equity products offered by the exchange, which include cash, derivatives and debt. Last week the two MCX-SX promoters - Financial Technologies and MCX completed divestment of their 90 percent stake to 18 banks and financial institutions.

MCX-SX, India's new stock exchange, appositely reflects how the world's most evolved and hi-tech new-generation exchanges should look like in future. With cutting-edge technology, world-class services and cost optimization, MCX-SX has altered the face of the Indian financial markets.

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