FMC

NSEL lacks credibility; merge NSEL with FTIL: FMC to govt

Stating that crisis-hit NSEL is "bereft of any credibility", regulator FMC on Tuesday said it has recommended the government to consider merger of the spot commodity exchange with its promoter FTIL for speedy recovery of dues over Rs 5,300 crore from defaulters.

Sep 16, 2014, 15:22 PM IST

KPMG to do forensic audit of UCX; submit report in 6 weeks: FMC

Commodity markets regulator FMC on Tuesday said auditing firm KPMG has been appointed to conduct a forensic audit of the Universal Commodity Exchange after it found that its promoter allegedly siphoned off funds from the exchange.

Sep 16, 2014, 14:45 PM IST

NSEL rejects slow recovery charge,says FMC can enhance process

NSEL defaulted to the tune of Rs 5,600 crore a year ago and 13,000 investors had been hit by the payment crisis.

Sep 11, 2014, 20:16 PM IST

MCX contract launch calendar for 2015 kept in abeyance: FMC

The commodity market regulator also sought more clarity from MCX on the stake sale deal between Financial Technologies, its promoter, and Kotak Bank.

Sep 09, 2014, 21:24 PM IST

FTIL exits MCX by selling 5% stake for over Rs 200 cr

Financial Technologies (FTIL) on Wednesday exited country's largest commodity exchange MCX by selling its residual 5 percent stake in the bourse, it had originally promoted, for over Rs 200 crore.

Aug 27, 2014, 20:48 PM IST

FMC approves Kotak Mahindra Bank deal to buy 15% stake in MCX

Commodity market regulator FMC has approved the Kotak Mahindra Bank's deal to acquire 15 percent stake in MCX for Rs 459 crore from Jignesh Shah-led FTIL.

Aug 27, 2014, 16:19 PM IST

Govt drafts rules to empower FMC to regulate intermediaries

The government on Wednesday issued draft rules to give the commodity markets regulator FMC more powers to effectively regulate the intermediaries of the commodity derivatives markets.

Aug 20, 2014, 15:28 PM IST

FMC allows MCX to discontinue potato futures

Earlier this month, MCX had sought the regulator's permission to discontinue potato futures on its platform.

Aug 13, 2014, 23:30 PM IST

Commexes' Q1 turnover dips 65%: FMC

The turnover of commodity exchanges fell sharply by 65 percent to Rs 14.55 lakh crore in the first quarter of this fiscal due to poor volumes in most commodities, the Forward Markets Commission (FMC) said.

Jul 15, 2014, 13:39 PM IST

SAT dismisses FTIL plea against Sebi order declaring it unfit

The SAT Wednesday dismissed Jignesh Shah- promoted Financial Technologies' (FTIL) plea against a Sebi order declaring it unfit to own stakes in market infrastructure institutions, stating that decisions by financial market regulators have bearing on each other.

Jul 09, 2014, 12:44 PM IST