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Total 175 results found. Search for [ NSEL crisis ]

Results 40 to 60 of 175
BT Online Bureau
New Delhi, November 18, 2014
FTIL decided to exit the exchange business and focus on its core technology business after the Rs 5,600 crore scam surfaced at its Indian subsidiary NSEL last year.


PTI
New Delhi, November 12, 2014
To ensure faster recovery of dues for entities hit by the Rs 5,600-crore fraud at National Spot Exchange, the government had in October ordered its merger with parent FTIL.


PTI
Mumbai, October 22, 2014
Shares of FTIL slumped 20 per cent to Rs 135.75 - its lowest trading permissible limit for the day - on BSE. The stock was later trading 9.43 per cent higher at Rs 185.65.


Mail Today Bureau
New Delhi/Mumbai, October 22, 2014
Post merger, NSEL's entire business, properties and liabilities, among others, will get transferred to FTIL.


PTI
New Delhi, October 21, 2014
Shares of FTIL slumped to Rs 169.65 - its lowest trading permissible limit for the day - on the Bombay Stock Exchange (BSE).


PTI
New Delhi, October 21, 2014
Issuing a draft order for the proposed merger, the government on Tuesday said the move to merge the two had been decided upon in \"public interest\".


PTI
Mumbai, October 21, 2014
Besides, revival of buying by foreign funds after remaining sellers for several sessions, supported the upside in stock prices, brokers said.


PTI
New Delhi, October 3, 2014
The CERC's decision came on a plea filed by Financial Technologies India (FTIL) seeking more time to complete the divestment process.


PTI
Mumbai, September 15, 2014
According to the CCI, the proposed deal \"is not likely to have an appreciable adverse effect on competition in India\".


PTI
Mumbai, September 15, 2014
MCX-SX would not be allowed to introduce any new contract till it meets minimum networth requirement of Rs 100 crore, for which it has been given three-months.


PTI
Mumbai, September 11, 2014
In a September 4 letter, informing NSEL about winding- up its Monitoring and Auction Committee (MAC), the FMC had made critical references about the recovery process.


Mahesh Nayak
September 18, 2014
\"There was no other qualified bidder which could have picked 15 per cent stake in MCX. In fact, Kotak (Mahindra Bank) wanted to buy the entire 26 per cent,\" says a source.


PTI
New Delhi, August 27, 2014
Forward Markets Commission (FMC) has also asked Kotak Mahindra Bank to disclose every year to commodity exchange MCX that it is in compliance with 'fit and proper' criteria.


Mail Today Bureau
New Delhi, August 25, 2014
The CBI has finalised the case, in which departmental action may be recommended to the finance ministry against former Sebi member K.M. Abraham.


Mahesh Nayak
August 22, 2014
The Bombay High Court has asked the Financial Technologies' promoter to furnish cash surety of Rs 5 lakh and be present before Economic Offences Wing (EOW) twice a week, until further orders of the trial court.


PTI
Mumbai, August 19, 2014
The largest commodity bourse has decided to move Sebi seeking a waiver of the 2 per cent stake sale cap clamped on FTIL. According to the exchange, this cap prevents FTIL from exiting MCX completely.


IANS
Mumbai, August 5, 2014
The fresh chargesheet is said to detail the exact role the Multi Commodity Exchange promoter played in the Rs 5,600-crore National Spot Exchange scam that rocked the country's financial markets last year.


PTI
Mumbai, July 21, 2014
Earlier this month, Financial Technologies sold 6 per cent stake in Multi Commodity Exchange in two rounds for about Rs 220 crore, bringing down its shareholding to 20 per cent from 26 per cent.


PTI
New Delhi, July 14, 2014
At a recent meeting with NSEL management and Monitoring and Auction Committee, FMC reviewed the recovery of dues from defaulters and asked NSEL to fasten the process and file the suits for realization of money.


Mahesh Nayak
July 21, 2014
India would be one of the best regulated markets in the world in terms of investor's protection, but the problem is you cannot find investors. India has become a model market in terms of laws but nothing is happening in terms of prosperity.


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