MCX-Stock Exchange won approval from Indian regulators to kick-start trading of stock products, as the bourse operator looks to challenge more established rivals the Bombay Stock Exchange and the National Stock Exchange.
http://in.reuters.com/article/2012/07/11/india-mcx-sebi-idINDEE86A02U20120711
http://in.reuters.com/article/2012/07/11/india-mcx-sebi-idINDEE86A02U20120711