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.
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.