FTIL may have to absorb over Rs 5,200 cr NSEL liabilities
So far, the crisis-hit exchange has managed to recover only about Rs 360 crore dues from defaulters, a part of which has been disbursed and the rest is in an escrow account.
Oct 21, 2014, 20:20 PM IST
FTIL shares crash 20% as govt to merge NSEL with co
Shares of Financial Technologies slumped 20 percent to hit its lowest trading permissible limit for the day after the government decided to merge crisis-ridden National Spot Exchange Ltd (NSEL) with holding group FTIL.
Oct 21, 2014, 16:36 PM IST
Govt orders merger of fraud-hit NSEL with parent firm FTIL
To ensure speedy recovery of dues for investors and others hit by Rs 5,600-crore "fraud" at the National Spot Exchange Ltd, the government on Tuesday ordered merger of the scam-hit firm with its holding company FTIL.
Oct 21, 2014, 14:55 PM IST
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
HC sets up panel headed by retd judge in NSEL scam
The committee will ascertain the liability that is outstanding against the defaulting borrowers of NSEL.
Sep 02, 2014, 20:42 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
NSEL pays Rs 141.23 crore to e-Silver unit holders
National Spot Exchange Ltd (NSEL) announced that Rs 43.89 crore was paid as final payment to unit holders of e-Silver transactions, achieving financial closure Wednesday.
Aug 27, 2014, 19:42 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
HC grants bail to FTIL's Jignesh Shah in NSEL scam case
The Bombay High Court on Friday granted conditional bail to FTIL founder Jignesh Shah in the Rs 5000 crore NSEL scam over three months after he was arrested in the case.
Aug 22, 2014, 18:21 PM IST
Jignesh Shah granted bail in NSEL scam case
The Bombay High Court on Friday granted bail to MCX promoter Jignesh Shah in the Rs 5,000-crore NSEL scam.
Aug 22, 2014, 15:51 PM IST
HC allows investors to make submissions on Shah's bail plea
The matter has been adjourned till August 11.
Aug 06, 2014, 20:12 PM IST
NSEL scam: Jignesh Shah's bail hearing today
The Bombay High Court will hear a bail plea of Jignesh Shah, a day after the Mumbai police reportedly filed a 9,000-page supplementary chargesheet against the MCX promoter in the Rs 5,600 crore NSEL scam.
Aug 05, 2014, 05:39 AM IST
HC to study chargesheet then decide on Jignesh Shah's bail
Economic Offences wing (EOW) of Mumbai Police intended to file chargesheet against Shah and others on or before August 4.
Aug 01, 2014, 10:31 AM IST
HC to give order on bail plea of Jignesh Shah within two days
The Bombay High Court Tuesday said it would pass an order in a day or two on the bail plea of MCX promoter Jignesh Shah, arrested in the Rs 5,000 crore NSEL scam.
Jul 22, 2014, 17:56 PM IST
MCX stocks surge 8% on stake sale to Kotak Mahindra
Shares of Multi Commodity Exchange of India Monday settled nearly 8 percent higher after Jignesh Shah-led FTIL signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.
Jul 21, 2014, 17:54 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
Jignesh Shah files fresh bail plea in HC
MCX promoter Jignesh Shah, held in the Rs 5,000 crore NSEL scam, has filed a petition in the Bombay High Court challenging an order of a special court refusing to grant him bail.
Jun 29, 2014, 19:39 PM IST
NSEL scam: Jignesh Shah's bail plea rejected
A Mumbai court Tuesday rejected the bail application of MCX promoter Jignesh Shah arrested in connection with the Rs 5600 crore NSEL scam.
Jun 24, 2014, 20:04 PM IST
Jignesh Shah's bail plea hearing to continue Wednesday
The hearing on the bail plea of Jignesh Shah, the chairman of Financial Technologies (India), and former MCX CEO Shrikant Jawalgekar, arrested in connection with the Rs 5600-crore repayment issue at the National Stock Exchange Ltd, was adjourned to tomorrow by a local court today.
Jun 11, 2014, 00:47 AM IST
E-series investors redeem 85.5kg gold, Rs 140cr cash from NSEL
National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd.
Jun 10, 2014, 17:26 PM IST
