Wednesday August 20, 2014
Unlike capital markets regulator SEBI, FMC is not an autonomous body. The government is in the process of strengthening the FMC, especially after the Rs 5,600 crore payment scam surfaced at the National Spot Exchange Ltd (NSEL).
Friday August 15, 2014
Commodity bourses turnover dropped 60 per cent to Rs 20.17 lakh crore during April-July due to a fall in trading volumes in most commodities, according to the Forward Markets Commission.
Wednesday August 13, 2014
Financial Technologies (India) Ltd on Wednesday posted a 58 per cent jump in standalone net profit at Rs 128.24 crore for the quarter ended June, 2014, on account of higher income.
Wednesday August 6, 2014
Hearing Shah's bail petition, Justice Abhay Thipsay asked the investors, who had intervened during the proceedings, to file their response by August 8.
Tuesday August 5, 2014
The Enforcement Directorate (ED) has attached land worth Rs 67 crore in connection with its money laundering probe into the operations of National Spot Exchange Limited (NSEL).
Monday August 4, 2014
The Economic Offences Wing of Mumbai Policep on Monday filed a 9,000-page supplementary charge sheet against MCX promoter Jignesh Shah arrested in Rs 5,600-crore NSEL scam.
Sunday August 3, 2014
Real estate assets, farm lands, flats and many other such high-value properties worth crores of rupees were procured by the accused by "laundering" genuine investor funds of the scam-hit National Spot Exchange Limited (NSEL).
Tuesday July 22, 2014
The Bombay High Court on Tuesday said it would pass an order in a day or two on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah, arrested in the Rs 5,000 crore National Spot Exchange Ltd scam.
Tuesday July 22, 2014
The Bombay High Court on Monday reserved its order until the nexdt day on the bail plea of Multi Commodity Exchange (MCX) promoter Jignesh Shah arrested in the Rs 5,000-crore National Stock Exchange Ltd (NSEL) scam.
Wednesday July 16, 2014
Financial Technologies India Ltd (FTIL) on Wednesday offloaded a 4 per cent stake in Multi Commodity Exchange (MCX) for about Rs 154 crore, bringing down its shareholding to 20 per cent.
Monday July 14, 2014
National Spot Exchange Ltd (NSEL), a subsidiary of the Jignesh Shah-led Financial Technologies India Ltd, has recovered about Rs 356.39 crore of dues from defaulting members out of the total outstanding amount of Rs 5,689 crore
Sunday June 29, 2014
The designated judge of Maharashtra Prevention of Investors Deposits Act Court D P Surana, had on June 24 rejected Shah's bail on the ground that investigation is still on and that if Shah was released on bail, it is likely that he may tamper with ev...
Thursday June 26, 2014
Crisis-hit NSEL said on Thursday it has completed the financial closure of e-gold contracts by making payment of Rs 154.80 crore to over 23,000 investors.
Thursday June 19, 2014
Multi Commodity Exchange (MCX) on Wednesday said its shareholders have approved changes in the bylaws empowering the bourse to take necessary steps to ensure Financial Technologies India Ltd (FTIL) reduces its stake to 2 per cent from the existing 26...
Friday June 13, 2014
The commodity spot exchange, a subsidiary of Jignesh Shah-led Financial Technologies India Ltd, has recovered about Rs 354 crore of dues from defaulting members out of the total outstanding amount of Rs 5,689 crore.
Tuesday June 10, 2014
The hearing on the bail plea of Jignesh Shah, the chairman of Financial Technologies India Ltd (FTIL), and former MCX chief executive Shrikant Jawalgekar, arrested in connection with the Rs 5600-crore repayment issue at National Stock Exchange Ltd (N...
Tuesday June 10, 2014
National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd, is grappling with a payment crisis for settling dues worth Rs 5,500-crore after it suspended trading activities in July last year following a govern...
Sunday June 8, 2014
To revive investor confidence in the commodities market that has plummeted after a Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), the Forward Markets Commission (FMC) has asked the Securities and Exchange Board of India (Sebi) to...
Friday May 23, 2014
NSEL had a total of 617.5 kgs of gold eligible for rematerialisation and financial closure. Pursuant to FMC issuing the NOC, the exchange had issued the circular on April 4 for rematerialisation/financial closure of e-series settlement.
Monday May 19, 2014
The five-member panel, set up against the backdrop of Rs 5,600-crore payment crisis at National Spot Exchange Ltd (NSEL), has come out with 14 recommendations primarily aimed at ensuring better price discovery mechanism in the domestic commodity trad...