HC junks FTIL's petition against govt order to merge with NSEL
The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).
Dec 04, 2017, 14:34 PM IST
Sebi order: Jignesh Shah says no violations; alleges conspiracy
The NSEL scam came to light during the previous UPA regime.
Aug 04, 2017, 14:37 PM IST
NSEL scam: Jignesh Shah remanded in ED custody till July 18
A court here Wednesday remanded FTIL founder Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange Limited scam, in the custody of Enforcement Directorate till July 18.
Jul 13, 2016, 19:35 PM IST
FTIL shares slump nearly 10% after Jignesh Shah's arrest
FTIL shares slump nearly 10% after Jignesh Shah's arrest
Jul 13, 2016, 13:13 PM IST
Govt seeks to restrain FTIL from selling assets
To protect the interest of investors in the nearly Rs 5,600-crore scam at NSEL, the government has moved the Supreme Court seeking a restrain on parent firm Financial Technologies to prevent possible "asset stripping"
Apr 01, 2016, 18:41 PM IST
FTIL-NSEL merger: MCA says 96% objections 'orchestrated'
In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".
Feb 14, 2016, 17:40 PM IST
Financial Technologies wraps up IEX stake sale
Financial Technologies on Friday said it has concluded sale of its remaining 5 percent stake in Indian Energy Exchange (IEX).
Nov 20, 2015, 12:59 PM IST
Conclude NSEL-FTIL merger process by Oct 31: HC to Ministry
The Bombay High Court Friday directed the Union Ministry of Corporate Affairs to complete by October 31 the process of passing final order on the proposed merger of National Spot Exchange of India with Financial Technologies (India) Ltd (FTIL).
Aug 07, 2015, 21:44 PM IST
Sebi, exchanges ask 75 firms to restate a/c on audit red-flags
The companies that fail to submit a compliance report to the exchanges would face penal action by the regulators, a senior official said.
Jul 05, 2015, 14:26 PM IST
SC stays CERC order asking FTIL to transfer its shares of IEX
The Supreme Court on Thursday stayed the order of power sector regulator CERC asking Financial Technologies India Ltd (FTIL) to transfer all its shares of India Energy Exchange (IEX) to a trust demat account.
Jul 02, 2015, 19:17 PM IST
CERC asks FTIL to transfer stake in IEX to trust a/c by Jul 2
Power sector regulator CERC has asked Financial Technologies to transfer its entire stake in India Energy Exchange (IEX) to a trust demat account of the bourse by July 2 and fully exit the exchange by July 20.
Jun 29, 2015, 16:18 PM IST
FTIL floats EoI to sell 23% stake in MCX-SX CCL
Financial Technologies of India Ltd (FTIL) has begun the process of selling its 23 percent stake in MCX-SX Clearing Corporation in order to comply with market regulator Sebi's order.
Jun 26, 2015, 19:17 PM IST
FTIL signs new pact to sell 16.6% stake in IEX for Rs 357 cr
FTIL is divesting its stake in IEX following the direction from regulator Central Electricity Regulatory Commission's (CERC) in May last year in the wake of the Rs 5,600 crore payment scam at FTIL's group firm NSEL.
Jun 19, 2015, 14:18 PM IST
NSEL investors plan protest at Mumbai police chief office
Investors hit by the scam at National Spot Exchange (NSEL) plan to stage a protest tomorrow outside Police Commissioner's office here to express displeasure over "shortcomings" in the investigations into the Rs 5,600 crore scandal that surfaced in 2013.
May 08, 2015, 21:03 PM IST
FTIL's exit from MCX-SX is complete
Crisis-hit Financial Technologies India Ltd (FTIL) Wednesday said it has completed the sale of its entire 5 percent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.
Apr 15, 2015, 22:00 PM IST
Vested interests trying to scuttle proposed settlement: NSEL
Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.
Apr 14, 2015, 22:04 PM IST
NSEL Investors' Action Group alleges "shoddy" probe by police
NSEL Investors' Action Group has alleged "shoddy investigation" by the Mumbai Police in the Rs 5,600 crore NSEL scam and also accused it of protecting the exchange's promoter FTIL and its founder Jignesh Shah.
Apr 13, 2015, 20:21 PM IST
Assocham lobbies against NSEL merger with parent firm
Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.
Apr 12, 2015, 16:12 PM IST
ED names Jignesh, Massey, 66 others in NSEL case charge sheet
FTIL founder Jignesh Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha are among 68 accused named in the Enforcement Directorate (ED) charge sheet in the National Spot Exchange Limited scam case.
Apr 01, 2015, 22:09 PM IST
