Nsel News


'Nsel' - 353 News Result(s)

  • Never Received Any Money From NSEL Profit: Financial Tech

    Never Received Any Money From NSEL Profit: Financial Tech

    Embattled Financial Technologies (India) Ltd has told shareholders that it never received any money from National Spot Exchange Ltd's profit and also cautioned them against vested interests spreading rumours about the government order on merging the bourse with the company.

  • MCX-SX Case: Jignesh Shah Remanded In CBI Custody

    MCX-SX Case: Jignesh Shah Remanded In CBI Custody

    A court here on Wednesday remanded Financial Technologies (India) Ltd promoter Jignesh Shah in the CBI's custody till September 26 in connection with a case against him for allegedly suppressing facts to get an extension for stock exchange MCX-SX from market regulator Sebi.

  • NSEL Scam: Jignesh Shah Granted Bail

    NSEL Scam: Jignesh Shah Granted Bail

    A special court granted bail to FTIL founder Jignesh Shah, arrested in the Rs 5,600 crore National Spot Exchange Limited (NSEL) scam.

  • No Immediate Court Relief For Jignesh Shah-Promoted Company

    No Immediate Court Relief For Jignesh Shah-Promoted Company

    The Bombay High Court on Wednesday rejected the plea of the Jignesh Shah-promoted 63 Moons Technologies Ltd (formerly FTIL) seeking a stay on attachment of its immovable assets worth Rs 2,000 crore by the Economic Offences Wing of Mumbai Police.

  • Jignesh Shah-Led Firm Objects To Property Attachment By Economic Offences Wing

    Jignesh Shah-Led Firm Objects To Property Attachment By Economic Offences Wing

    Jignesh Shah-promoted 63 Moons Technologies said it strongly disapproved the action of Mumbai Police's Economic Offences Wing to attach immovable properties of the company valued at Rs 2,000 crore and will seek legal remedies to protect its shareholders' interest.

  • NSEL Scam: Jignesh Shah Remanded In Enforcement Directorate Custody

    NSEL Scam: Jignesh Shah Remanded In Enforcement Directorate Custody

    A court here on Wednesday remanded Financial Technologies India Ltd (FTIL) founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of the Enforcement Directorate till July 18.

  • Jignesh Shah Arrested In Rs 5,600 Crore NSEL Scam Case

    Jignesh Shah Arrested In Rs 5,600 Crore NSEL Scam Case

    The Enforcement Directorate on Tuesday arrested Financial Technologies India Ltd (FTIL) founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited (NSEL) money laundering scam.

  • Financial Tech Completes 13% Stake Sale in DGCX

    Financial Tech Completes 13% Stake Sale in DGCX

    Financial Technologies on Wednesday said it has exited from Dubai Gold and Commodities Exchange (DGCX) by selling its 13 per cent stake in the bourse to Dubai Multi Commodities Centre (DMCC).

  • Court Extends Stay to Merger of NSEL, Financial Tech

    Court Extends Stay to Merger of NSEL, Financial Tech

    The Bombay High Court on Tuesday extended till March 31 stay to implementation of merger between National Spot Exchange Ltd (NSEL) and Financial Technologies (India) Ltd (FTIL).

  • Financial Tech-NSEL Merger: Government Says 96% Objections 'Orchestrated'

    Financial Tech-NSEL Merger: Government Says 96% Objections 'Orchestrated'

    As a face-off continues between Jignesh Shah-led Financial Technologies India Ltd (FTIL) and the Corporate Affairs Ministry over the company's merger with National Stop Exchange Ltd (NSEL), the government in its final order has said that over 96 per cent of the objections received on the proposed amalgamation prima-facie were "orchestrated and conc...

  • NSEL Crisis: Centre Asks Sebi to Act Against Defaulting Brokers

    NSEL Crisis: Centre Asks Sebi to Act Against Defaulting Brokers

    Seeking to expedite recovery of money in the Rs 5,574-crore NSEL payment crisis, the government on Thursday decided to take immediate steps for auction of non-encumbered properties and also asked markets regulator Sebi to initiate action against defaulting brokers.

  • NSEL 'Recovers' Rs 1,233 Crore from 23 Traders

    NSEL 'Recovers' Rs 1,233 Crore from 23 Traders

    The crisis-hit National Spot Exchange (NSEL) has claimed that it has secured recoveries worth Rs 1,233.02 crore from 23 defaulters who owe a total amount of Rs 4,515.93 crore.

  • FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation

    FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation

    Financial Technologies India Ltd (FTIL) has begun the process of selling its 23 per cent stake in MCX-SX Clearing Corporation Ltd (MCX-SX CCL) in order to comply with a Securities and Exchange Board of India order.

  • FTIL Signs Pact to Sell 16.6% Stake in IEX for Rs 357 Cr

    FTIL Signs Pact to Sell 16.6% Stake in IEX for Rs 357 Cr

    Financial Technologies India Ltd (FTIL) on Friday said it has entered into a new share purchase agreement with four companies to sell a 16.6 per cent stake in Indian Energy Exchange Ltd (IEX) for Rs 357.06 crore.

  • Exit From MCX-SX Complete: Financial Tech

    Exit From MCX-SX Complete: Financial Tech

    Crisis-hit Financial Technologies India Ltd (FTIL) on Wednesday said it has completed the sale of its entire 5 per cent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.

  • Assocham Lobbies Against NSEL Merger With Parent Firm

    Assocham Lobbies Against NSEL Merger With Parent Firm

    Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent Financial Technologies India Ltd (FTIL), industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.

  • FTIL-NSEL Swap Ratio Finalised; NAFED to Get 38 Shares

    FTIL-NSEL Swap Ratio Finalised; NAFED to Get 38 Shares

    The swap ratio has been decided after considering the fair value of NSEL at Rs 77 a share and the calculation was based on latest audited financial statements of the bourse as on March 31, 2012.

  • FTIL Offers Rs 1000 Cr Settlement Plan; Brokers Reject

    FTIL Offers Rs 1000 Cr Settlement Plan; Brokers Reject

    Financial Technologies India Ltd (FTIL) on Tuesday said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500 crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).

  • NSEL Says Brokers Hiding Client Details

    NSEL Says Brokers Hiding Client Details

    The crippled National Spot Exchange Ltd (NSEL) on Wednesday accused the brokers of not providing investor details, and said going by the number of details it got so far the total number of investors who have claimed to have lost money looked bogus.

  • Most Shareholders Oppose Proposed Merger of NSEL with FTIL'

    Most Shareholders Oppose Proposed Merger of NSEL with FTIL'

    The government in October last year had ordered merger of National Spot Exchange Ltd (NSEL) with its parent firm Financial Technology India Ltd (FTIL).

  • NSEL Launches Campaign to Clear the Air Over Payment Crisis

    NSEL Launches Campaign to Clear the Air Over Payment Crisis

    Seeking "fair chance" to explain its stand, NSEL in two volume book titled "Truth about NSEL" attempts to clear the air around its promoter firm, Financial Technologies (FTIL) and how its new board is attempting to recover and rebuild the exchange.

  • NSEL Scam: Top Commodity Brokerages' Officials Held

    NSEL Scam: Top Commodity Brokerages' Officials Held

    Cracking down on commodity brokerages for their alleged role in the Rs 5,600-crore scam at National Spot Exchange Ltd (NSEL), Mumbai Police on Tuesday arrested three top executives of leading broking houses.

  • Financial Technologies Asks Shareholders to Oppose NSEL Merger

    Financial Technologies Asks Shareholders to Oppose NSEL Merger

    The government, in October last year, had ordered the merger of NSEL with its parent firm Financial Technologies (India) Ltd.

  • Court Refuses Relief to NK Proteins in NSEL Case

    Court Refuses Relief to NK Proteins in NSEL Case

    The Gujarat High Court has refused to entertain petitions challenging Mumbai Police's notices for attachment of properties of NK Proteins in Gujarat in connection with the Rs 5,600-crore National Spot Exchange Limited (NSEL) scam.

  • NSEL Case: High Court Asks Mohan India to Declare Assets

    NSEL Case: High Court Asks Mohan India to Declare Assets

    Hearing a suit filed by National Spot Exchange Ltd, the Bombay High Court on Tuesday asked one of its defaulters, M/s Mohan India Group, and its directors to disclose all their properties within four weeks.

  • High Court Orders Status Quo to Proposed Merger of FTIL with NSEL

    High Court Orders Status Quo to Proposed Merger of FTIL with NSEL

    The order was passed by a division bench of Justice V M Kanade and Anuja Prabhudesai while hearing a petition filed by FTIL challenging the proposed merger.

  • FTIL Shares Up Nearly 8% on MCX Stake Sale

    FTIL Shares Up Nearly 8% on MCX Stake Sale

    FTIL has been in trouble ever since the Rs 5,600 crore payment scam surfaced at group firm NSEL in July last year.

  • NSEL-Financial Tech Merger After Stakeholders' Suggestions: Corporate Affairs Minister

    NSEL-Financial Tech Merger After Stakeholders' Suggestions: Corporate Affairs Minister

    Scam-hit National Spot Exchange Ltd's merger with parent firm Financial Technologies India Ltd (FTIL) will be done after considering suggestions from stakeholders, the government said on Tuesday.

  • FTIL Signs Pact to Sell Mauritius-Based Bourse for Rs 250 Crore

    FTIL Signs Pact to Sell Mauritius-Based Bourse for Rs 250 Crore

    FTIL decided to exit the exchange business and focus on its core technology business after the Rs 5,600 crore scam surfaced at its Indian subsidiary NSEL last year.

  • Minority Shareholders Oppose NSEL Merger With Financial Tech: Report

    Minority Shareholders Oppose NSEL Merger With Financial Tech: Report

    Some minority shareholders of Financial Technologies India Ltd (FTIL) have raised objections to the proposed merger of the scam-hit National Spot Exchange Ltd (NSEL) with the company.

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