On December 14, 2014 16:37 (IST)
Since its inception, the leading power exchange has been using the technology provided by Financial Technologies (India) Ltd (FTIL), which has been asked by the regulator CERC to complete sale of its entire stake by January 4.
On December 10, 2014 00:29 (IST)
To comply with conditions imposed by the Securities and Exchange Board of India (Sebi), MCX-SX on Tuesday issued shares to 12 new investors, including Rakesh Jhunjhunwala, following which the erstwhile promoter Financial Technologies India Ltd (FTIL)...
On December 08, 2014 23:03 (IST)
Financial Technologies India Ltd (FTIL) on said it has sold an additional 1.65 lakh shares in stock exchange MCX-SX to ace investor Rakesh Jhunjhunwala for Rs 2.47 lakh, thereby completely exiting the bourse.
On November 30, 2014 15:47 (IST)
The Central Electricity Regulatory Commission (CERC) has given Financial Technologies India Ltd (FTIL) time till January 4 to comply with its directive to complete sale of its entire stake in Indian Energy Exchange.
On November 28, 2014 00:27 (IST)
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.
On November 25, 2014 23:32 (IST)
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.
On November 25, 2014 22:49 (IST)
Financial Technologies India Ltd (FTIL) on Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire 5 per cent stake in MCX-SX for Rs 88.41 crore.
On November 17, 2014 21:45 (IST)
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.
On November 13, 2014 01:03 (IST)
Financial Technologies India Ltd (FTIL) on Wednesday said its net profit for the second quarter of the current fiscal year has jumped over 12 times to Rs 327 crore on the back of one-time gain on sale of its holding in MCX.
On November 12, 2014 21:30 (IST)
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.
On November 07, 2014 23:39 (IST)
Facing a government-ordered merger of the crisis hit National Spot Exchange Ltd (NSEL) with itself, Financial Technologies India Ltd (FTIL) on Friday announced spinning off a key revenue-generating trading software product into a separate subsidiary ...
On November 06, 2014 00:22 (IST)
Financial Technologies India Ltd (FTIL) said on Wednesday that it will fully exit IEX by selling its entire stake to a clutch of investors for Rs 576.84 crore.
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.