On October 29, 2014 22:38 (IST)
Wiser after the Rs 5,600-crore scam at National Spot Exchange Ltd (NSEL), the government on Wednesday withdrew exemption granted to all spot commodity bourses for launching one-day forward contracts in agri and non-agri items with immediate effect.
On October 21, 2014 23:33 (IST)
Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit National Spot Exchange Ltd (NSEL).
On October 21, 2014 21:47 (IST)
National Spot Exchange's net worth surged nearly four times to Rs 175.76 crore in 2012-13, the last full financial year before the Financial Tech--promoted entity was hit by a Rs 5,600-crore payment crisis.
On October 21, 2014 22:46 (IST)
That means NSEL's liabilities will fall on Financial Technologies, traders said.
On October 10, 2014 22:17 (IST)
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.
On October 03, 2014 12:24 (IST)
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.
On September 29, 2014 23:21 (IST)
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 ...
On September 29, 2014 20:13 (IST)
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.
On September 27, 2014 20:58 (IST)
Financial Technologies India Ltd (FTIL) on Saturday said it has signed a 10-year long-term technology contract with commodity exchange MCX, resulting in a negative impact of nearly Rs 9 crore on its total income for this fiscal year.
On September 18, 2014 17:53 (IST)
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...
On September 17, 2014 21:33 (IST)
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...
On September 16, 2014 14:50 (IST)
Both Corporate Affairs and Finance Ministries are studying the feasibility of implementing the FMC's proposals.
On September 16, 2014 00:05 (IST)
Kotak Mahindra Bank's proposed Rs 459-crore deal to acquire a 15 per cent stake in Multi Commodity Exchange (MCX) on Monday received approval of the Competition Commission of India (CCI), making the financial sector conglomerate a major player in exc...
On September 08, 2014 23:18 (IST)
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.
On August 27, 2014 23:05 (IST)
Financial Technologies India Ltd (FTIL) on Wednesday exited MCX, the country's largest commodity exchange, by selling its residual 5 per cent stake in the bourse for over Rs 200 crore.
On August 27, 2014 00:38 (IST)
Financial Technologies India Ltd (FTIL) on Tuesday contested charges by the Central Bureau of Investigation (CBI) that it had violated Securities and Exchange Board of India (Sebi) norms by entering into a buyback arrangement with a nationalised bank...
On August 26, 2014 02:04 (IST)
After nearly three months of probe, the Central Bureau of Investigation (CBI) on Monday registered a case against Jigesh Shah, few Securities and Exchange Board of India (Sebi) officials and the market regulators former executive director J N Gupta f...
On August 22, 2014 22:38 (IST)
Multi Commodity Exchange (MCX) on Friday said the Securities and Exchange Board of India Securities and Exchange Board of India (Sebi) has relaxed norms to allow Financial Technologies India Ltd (FTIL) to bring down its stake to 1.99 per cent in the ...
On August 13, 2014 22:27 (IST)
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.