Never received any money from NSEL's profit, says FTILJignesh Shah was arrested last week by the CBI in a case of alleged cheating and suppression of facts in getting Sebi extension to MCX-SX t...
DCA going ahead with merger of NSEL and FTLThe Department of Company Affairs is going ahead with the merger of the NSEL with parent FTL, the finance secretary said.
Financial Technologies investors have a tough call to makeInvestors’ confidence in Financial Technologies's stock had started improving after it signed a 10-yr contract with MCX for its trading sof...
Is Financial Technologies-NSEL merger unfair to FT shareholders?Issuing a draft order for the proposed merger, the government today said the move has been decided upon in "public interest".
CBI raids NSEL offices; Financial Tech, MCX tank: Is the rally in these two stocks over?The raids are in connection to a case of alleged irregularities in investments by state-run trading company PEC, causing a loss of Rs 120 c...
Invest in MCX and Financial Technologies if NSEL-induced stress dissipates: Deven Choksey"MCX and Financial Technologies to be up for investments if NSEL-induced stress dissipates."
Uncertain time for MCX, FT over NSEL scam: Sudip Bandyopadhyay"There is a huge change which is happening as far as both these companies are concerned. MCX has suffered probably without any reason," Ban...
Financial Tech, MCX rally up to 5.4% on board rejigMCX shares gained 5 per cent after a stock and currency exchange partly owned by the company announced changes to its management and board.
NSEL fiasco: Financial Technologies recovers from lows; down over 60% so far in AugustShares in Multi Commodity Exchange of India, another FT-promoted entity, were locked in lower circuit on the Bombay Stock Exchange.
Have not recommended to clients to borrow funds & invest via NSEL: Nirmal Jain, IIFLWe have 1 million clients. They buy and sell stocks, they buy and sell commodities. The prices may go up and down, they make loss and profi...
NSEL fiasco: Financial Technologies cracks 35%; down over 60% so far in AugustShares in MCX, another FT-promoted entity, were also locked in lower circuit on the BSE. The stock slipped 5% to its fresh 52-wk low.
After NSEL crisis, there is a way to fix commodity spotsWhile some assets are traded and settled through 21st-century procedures, at least in one other asset class, the trade plumbing is antiquat...
Financial Technologies rallies 45% ahead of Jignesh Shah's news briefingFinancial Technologies Ltd managed to bounce back over 40 per cent ahead of a news briefing by Chairman and CEO Jignesh Shah.
Such bearish market sentiment not seen for a long time: Gul Tekchandani'All other countries, particularly emerging market countries, are in the same mess,' says Gul Tekchandani
Don’t have any exposure to NSEL: R Venkatraman, IIFL'We are a broker. To that extent, our obligation is to make sure that we have to take the client money and pay it to the exchange,' says R ...
Financial Technologies wipes out over 64% of investors wealthShares of Financial Technologies plunged over 66% in trade on Thursday to mark its biggest intra-day fall since its listing on the bourses.
FMC meets top brokers over spot exchangeGrapevine suggests that the regulator asked the brokers whether investors in such contracts were aware these were unregulated and also abou...