Tuesday October 21, 2014
That means NSEL's liabilities will fall on Financial Technologies, traders said.
Friday October 10, 2014
Jignesh Shah-led Financial Technologies India Ltd (FTIL) on Friday said its board has approved voluntary delisting of the company's equity shares from Madras and Ahmedabad Stock Exchanges.
Friday October 3, 2014
Against the backdrop of payment crisis at FTIL group firm National Spot Exchange Ltd (NSEL), the regulator in May had directed the company to sell stake in the power exchange by September 30.
Monday September 29, 2014
The Securities and Exchange Board of India (Sebi) on Monday granted conditional one-year renewal of recognition to MCX-SX Clearing Corporation, which were among the entities in which Jignesh Shah-led Financial Tech or FTIL was asked by the regulator ...
Monday September 29, 2014
With Financial Technologies India Ltd (FTIL) fully exiting MCX, the Forward Markets Commission (FMC) on Monday granted permission to the bourse to launch new futures contracts for next year.
Monday September 22, 2014
Multi Commodity Exchange (MCX) has been given time till November 2 to appoint a new Managing Director and CEO.
Thursday September 18, 2014
Taking strong objection to the NSEL's press release issued on September 11 on recovery issue, Forward Markets Commission has said that certain portions in the statement were "replete with factual inaccuracies thereby presenting before the public misl...
Wednesday September 17, 2014
Multi Commodity Exchange (MCX) can launch new contracts for January, February and March of 2015 after if it signs a fresh technology deal with its erstwhile promoter Financial Technologies India Ltd (FTIL), the Forward Markets Commission (FMC) said o...
Tuesday September 16, 2014
Both Corporate Affairs and Finance Ministries are studying the feasibility of implementing the FMC's proposals.
Monday September 15, 2014
As crisis at its erstwhile promoter group continues to cast a shadow, MCX Stock Exchange on Monday received a one-year conditional renewal to function as a bourse and the Securities and Exchange Board of India (Sebi) asked it to submit a long-term su...
Thursday September 11, 2014
NSEL defaulted to the tune of Rs 5,600 crore a year ago and 13,000 investors had been hit by the payment crisis.
Monday September 8, 2014
Scam-hit National Spot Exchange Ltd (NSEL) has made only a negligible progress in recovery of dues from defaulters, the Forward Markets Commission (FMC) has said.
Thursday August 28, 2014
According to an ED order, the agency has seized movable and immovable properties of the firm-- Ms N K Proteins-- in Mumbai, Noida, Ahmedabad and Palanpur in Gujarat under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
Wednesday August 27, 2014
National Spot Exchange Ltd (NSEL) has announced that Rs 43.89 crore was paid as final payment to unit holders of e-Silver transactions, achieving financial closure on Wednesday.
Friday August 22, 2014
The Bombay High Court on Friday granted conditional bail to Financial Tech India Ltd founder Jignesh Shah in the Rs 5000-crore National Spot Exchange Ltd (NSEL) scam over three months after he was arrested in the case.
Thursday August 21, 2014
The Enforcement Directorate (ED) on Thursday attached a spinning mill plant worth Rs 84 crore in Andhra Pradesh in connection with its money laundering probe in National Spot Exchange Limited (NSEL).
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.