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NSEL PAYMENT CRISIS
NSEL Crisis: 92% of traders approve one-time settlement schemeThe NSEL payment crisis began in July 2013 when the exchange defaulted on 5,600 crore owed to around 13,000 investors. It had offered contr...- NSEL says receives overwhelming response on one-time settlement schemeNational Spot Exchange (NSEL) on Tuesday said it has received more than 90 per cent favourable response from traders for the Rs 1,950-crore...
- Mumbai police may tap Sebi for details on FMC Ex-chief Ramesh Abhishek's actionsThe Mumbai Police may approach India's Securities and Exchange Board to enquire about the former Forward Markets Commission chairman Ramesh...
- Chidambaram, Krishnan, Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scamEarlier this week, 63 Moons had served legal notices to Chidambaram, Krishnan, Abhishek, seeking damages worth Rs 10,000 crore.
- NSEL scam: Govt has not made recommendation to declare brokers 'not fit and proper'The Rs 5,600-crore National Spot Exchange (NSEL) payment scam came to light in 2013.
- NSEL urges Sebi to resolve Rs 5,600 crore payment crisisThe payment crisis at NSEL -- part of Jignesh Shah-led FTIL group -- came to light in late 2013.
- NSE cautions members against defaulting entities in NSEL scamMinister of State for Finance said that markets regulator Sebi is probing commodity brokers for alleged default in the NSEL payment case.
- Government to set up special court for all NSEL casesThe government also said the Financial Intelligence Unit - India (FIU-IND) has also issued show-cause notices to Directors of NSEL for viol...
- NSEL launches campaign to clear the air over Rs 5,600 cr payment crisisNSEL has launched a massive media outreach campaign explaining the circumstances leading to the Rs 5,600 cr payment crisis as well as how i...
- Budget 2015: MCX shoots up nearly 15% as Arun Jaitley says FMC and Sebi will be merged; how it will helpFMC is the watchdog for commodity futures markets in India. On the other hand, SEBI is the regulator for capital markets.
- FTIL stock rebounds after initial hiccup; market capitalisation up Rs 47 croreFollowing this, shares of FTIL went into a tailspin and slumped 20 per cent to Rs 135.75 - its lowest trading permissible limit for day - o...
- Financial Technologies may have to absorb over Rs 5,200 crore NSEL liabilitiesFinancial Technologies would take over all the liabilities of National Spot Exchange Ltd including payments due to be paid to investors and...
- NSEL networth jumped 4-fold to over Rs 175 crore in 2012-13The details have been provided in the draft order today wherein the government has decided to merge NSEL with its holding group .
- MCX may be restrained from launching fresh contractsThe NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors. In July, FMC had halted trading at the exchange.
- Financial Technologies Q2 net profit dips by over 61 per centJignesh Shah-led Financial Technologies today posted an over 61 per cent drop in standalone net profit to Rs 27.01 crore in the second quar...
- Government creates JS post for forward markets in Finance MinistryThe government has created a post of joint secretary in the Finance Ministry to deal with the forward markets.
- NSEL crisis: Remuneration up for FTIL directors; dividend payout unchangedBesides, the three directors also got Rs 6.77 crore as dividend payment in 2012-13, although this figure was unchanged from the preceding f...
- FTIL auditor to continue till conclusion of adjourned AGMOn Sep 24, the auditor had withdrawn the report certifying accounts of the company and said that the financial statements of FTIL for 2012-...
- Financial Technologies cracks 14% as Deloitte withdraws audit reportFinancial Technologies Ltd plunged as much as 14.4% on Wednesday, a day after its auditor Deloitte Haskins and Sells withdrew its audit rep...
- Parliament to take up National Spot Exchange issue next weekMuch to the disappointment of a few investors and brokers, the FMC directed NSEL to upload the settlement calendar on its website.
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