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
FMC chairman Ramesh Abhishek may get another extension
With the appointment of new Forward Markets Commission (FMC) chief taking time, the government may give the current chairman Ramesh Abhishek another extension for a short period of three months.
Oct 01, 2014, 15:56 PM IST
FTIL opposes merger of NSEL with itself
FTIL on Tuesday opposed the merger of scam-hit NSEL with itself as proposed by regulator FMC for speedy recovery of dues.
Sep 16, 2014, 19:13 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
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
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
NSEL scam: ED attaches spinning mill plant in AP
The Enforcement Directorate (ED) Thursday attached a spinning mill plant worth Rs 84 crore in Andhra Pradesh in connection with its money laundering probe in the National Spot Exchange Limited (NSEL).
Aug 21, 2014, 21:40 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
MCX to ask SEBI to waive 2% cap on FTIL stake sale
The board of Multi-Commodity Exchange of India has decided to ask market regulator SEBI to relax the 2 percent lock-in cap on its promoter FTIL to enable the latter to sell entire 5 percent MCX stake via a block deal and comply with various regulatory orders.
Aug 18, 2014, 23:36 PM 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
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
Indian Energy Exchange: FTIL mulls appeal against CERC order
Financial Technologies is mulling appealing against electricity regulator CERC's order that directs the company to completely divest its stake in the Indian Energy Exchange (IEX).
Jun 22, 2014, 19:10 PM IST
E-series investors redeem Rs 237 crore: NSEL
Crisis-hit NSEL on Sunday said investors who traded in e-series contracts in metals like gold and silver have so far redeemed Rs 237 crore.
Jun 15, 2014, 20:15 PM IST
FMC's ex-employee likely to be its next chairman
The new chairman is expected to boost investor confidence and strengthen commodity market.
Jun 13, 2014, 19:08 PM 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
Jignesh Shah was aware of happenings at NSEL: EOW
In what could be a turning point in chairman of Financial Technologies Jignesh Shah's fate, sources have said that he has given a partial confession to the Economic Offences Wing (EOW) of Mumbai.
Jun 06, 2014, 20:00 PM IST
