NSEL accuses its brokers of hiding their clients' details
The crippled National Spot Exchange (NSEL) Wednesday accused the brokers of not providing the investor details, and said going by the number of details it got so far the total number of investors who have claimed to have lost money looked bogus.
Mar 18, 2015, 21:52 PM IST
NSEL: ED attaches Rs 278 cr oil factory in Gujarat
Enforcement Directorate (ED) Thursday attached a Gujarat-based castor oil extraction plant worth over Rs 278 crore of an accused firm in the multi-crore rupee NSEL scam under anti-money laundering laws.
Mar 13, 2015, 00:37 AM IST
NSEL seeks disbursement proof from brokers for Rs 179 crore payout
Scam-hit NSEL has asked its brokers to submit proof of funds disbursed to their clients within the next two days, suspecting that some members acted as a front to facilitate "benami dealings".
Mar 11, 2015, 20:52 PM IST
'Most shareholders oppose proposed merger of NSEL with FTIL'
The government in October last year had ordered merger of National Spot Exchange Ltd (NSEL) with its parent firm Financial Technology India Ltd (FTIL).
Mar 10, 2015, 20:09 PM IST
NSEL launches campaign to clear the air over payment crisis
NSEL has launched a massive media outreach explaining the circumstances leading to the Rs 5,600 crore payment crisis as well as how it has been "singled out" and no action has been taken against real culprits.
Mar 10, 2015, 14:05 PM IST
IDBI Bank's NSE stake sale in next fiscal only
State-owned IDBI Bank plans to sell its entire 5 per cent stake in leading stock exchange NSE in the next fiscal as part of its capital raising exercise by existing non-core businesses.
Mar 08, 2015, 11:16 AM IST
NSEL scam: court extends Rathi's police custody till March 13
The special court for MPID (Maharashtra Protection Of Interest Of Depositors) Act cases here Saturday extended the police custody of Amit Rathi, managing director of Anand Rathi Commodities, till March 13 in connection with the Rs 5,600-crore scam at National Spot Exchange Ltd.
Mar 07, 2015, 20:41 PM IST
NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested
Three senior officials of commodity brokerages IIFL, Anand Rathi and Geojit Comtrade were arrested Tuesday in connection with the Rs 5,600-crore National Spot Exchange scam.
Mar 03, 2015, 18:04 PM IST
Accused firms traded just on 'paper' to launch NSEL scam: ED
Trading activity at the scam-hit NSEL was just being done on "paper" by accused firms as they allegedly laundered genuine investor funds to not only purchase costly properties but also for advertising expenses and settling personal loans, according to the ED.
Feb 08, 2015, 11:01 AM IST
Bombay HC lifts stay to FTIL-NSEL merger
The proposed merger of the crippled commodities spot exchange NSEL with its parent FTIL got a shot in the arm today with the Bombay High Court lifting the stay order it had passed last November, and asking the government to pass the final order.
Feb 04, 2015, 22:35 PM IST
MCX seeks buyers for its stake in MCX-SX
Country's largest commodity exchange MCX Thursday invited expressions of interest from potential investors to divest its stake in MCX-SX and MCX-SX Clearing Corporation Ltd.
Dec 04, 2014, 22:32 PM IST
NSEL scam case: ED attaches assets worth Rs 62 crore
The order, under Prevention of Money Laundering (PMLA) laws, has been issued against the firm Mohan India Private Limted, which includes funds in bank accounts to the tune of Rs 59.53 crore and a land plot in Delhi worth Rs 2.08 crore.
Dec 03, 2014, 22:22 PM IST
In NSEL suit, HC asks Mohan India to declare assets
Hearing a suit filed by the National Spot Exchange Ltd, the Bombay High Court Tuesday asked one of its defaulters, M/s Mohan India Group, and its directors to disclose all their properties within four weeks.
Dec 02, 2014, 22:56 PM IST
FTIL in pact with Jhunjhunwala, others to exit MCX-SX bourse
Financial Technologies India Ltd Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire five percent stake in MCX-SX stock exchange for Rs 88.41 crore.
Nov 25, 2014, 22:59 PM IST
NSEL, FTIL merger after stakeholders' suggestions: Jaitley
The government has issued only a draft order on amalgamating National Spot Exchange Ltd with Financial Technology and if required, the final order will be issued after considering suggestions submitted by the stakeholders, parliament was told Tuesday.
Nov 25, 2014, 18:16 PM IST
FTIL moves Bombay HC against Govt order on merger with NSEL
The Financial Technologies India Ltd (FTIL) has filed a petition in the Bombay High Court challenging the recent government order to merge its crippled National Spot Exchange with itself.
Nov 13, 2014, 20:09 PM IST
After NSEL scam, govt withdraws waiver given to spot bourses
In August 2013, the payment scam surfaced at National Spot Exchange Ltd (NSEL) after it was found violating the exemption.
Oct 29, 2014, 19:41 PM IST
NSEL crisis: Govt mulls Board changes for merged entity
The Corporate Affairs Ministry last week unveiled a proposal to merge NSEL -- which has been embroiled in an over Rs 5,600 crore payment crisis -- with Jignesh Shah-led Financial Technologies (India) Ltd.
Oct 27, 2014, 11:18 AM IST
FTIL stock rebounds after initial hiccup; m-cap up Rs 47 crore
Shares of Financial Technologies slumped to their lowest trading permissible limit for the day but rebounded to settle with gains of over 6 percent, adding nearly Rs 47 crore to its market capitalisation.
Oct 22, 2014, 21:29 PM IST
NSEL scam: Two top honchos of defaulting firms arrested
Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL.
Oct 21, 2014, 20:24 PM IST
