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Total 175 results found. Search for [ NSEL crisis ]

Results 100 to 120 of 175
Mahesh Nayak
Mumbai, December 19, 2013
The Forward Market Commission order declaring Shah, Joseph Massey (MD of MCX-SX), Shreekant Javalegar (CEO - MCX) and Financial Technologies unfit to run an exchange hasn't come as a surprise to the market.


Reuters
Mumbai, December 19, 2013
The Forward Markets Commission said National Spot Exchange's payment troubles made FTIL an unfit operator of commodities exchanges. The regulator has ordered the company to cut its stake of 26 per cent in MCX to less than 2 per cent.


PTI
New Delhi, December 18, 2013
Crisis-ridden bourse NSEL paid about Rs 11.50 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 18th straight time.


PTI
New Delhi, December 16, 2013
The agency's latest action, under Prevention of Money Laundering (PMLA) laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crores.


PTI
New Delhi, December 14, 2013
Finance Minister P Chidambaram said Indian capital markets were facing many concerns including low level of retail participations, which needed to be addressed urgently.


PTI
Mumbai, December 11, 2013
The new norms, which would also apply to mutual funds and trusts issuing securities or schemes that get listed on stock exchanges, would also require companies to seek entire holdings of all employees and third-party connected persons.


PTI
New Delhi, December 11, 2013
Crisis-ridden bourse National Spot Exchange Ltd (NSEL) paid about Rs 9 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 17th straight time.


PTI
New Delhi, December 5, 2013
As the NSEL crisis deepens, role of at least 32 brokerage firms has come under the scanner for allegedly charging high transaction charges and providing portfolio management and margin funding services to their clients in violation of regulations.


Mail Today Bureau
Mumbai, December 4, 2013
As a fallout of the Rs 5,600 crore payout scam at the National Spot Exchange Ltd, police attached properties of its Director Jignesh Shah and three others, all named as accused in the case.


Mail Today Bureau
New Delhi, December 2, 2013
The corporate affairs ministry has found that the beleaguered National Spot Exchange (NSEL) and its Board not only violated multiple regulations but did not take action against repeated defaults which resulted in Rs  5,600- crore scam at the bourse.


PTI
New Delhi, November 30, 2013
FTIL said that following developments at National Spot Exchange Ltd (NSEL), it made a provision towards \"dimunition other than temporary in value of long term investment of Rs 44.99 crore for its investment in NSEL.\"


PTI
New Delhi, November 27, 2013
Crisis-ridden bourse National Spot Exchange Ltd (NSEL) paid around Rs 9 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 15th straight time.


PTI
Mumbai, November 23, 2013
Sebi Chairman UK Sinha, speaking on the sidelines of a capital markets summit, said that the promoters of MCX and NSEL are also promoters of MCX-SX that it regulates. \"But I would like to assure you that we are very conscious that the entity we regulate is throughly ring-fenced.\"


PTI
Mumbai, November 20, 2013
The Mumbai Police has attached all 16 properties of defaulters it has identified so far and is all set to attach immovable assets of NSEL directors, including Jignesh Shah and Joseph Massey.


PTI
Singapore/ Mumbai , November 19, 2013
Jignesh Shah-led FT Group had launched Singapore Mercantile Exchange with much fanfare over three years ago in August 2010 as a pan-Asia trading platform for various commodities including metals, energy, currency and agriculture commodities. Financial Technologies announced sale of its Singapore-based bourse SMX to US-based InterContinentalExchange (ICE).


PTI
New Delhi, November 16, 2013
The commodity market regulator had relied on the forensic audit of crisis-hit National Spot Exchange that was prepared by Grant Thornton while issuing show cause notices questioning the 'fit and proper' status of FTIL, its founder Jignesh Shah and others.


PTI
New Delhi, November 15, 2013
The futures trading volumes on most commodity bourses took a beating after the imposition of commodity transaction tax (CTT) of 0.01 per cent since July 1 on non-agri commodities and processed foods, analysts said.


PTI
New Delhi, November 13, 2013
In the last 12 weekly installments, NSEL had settled just about Rs 220 crore against the Rs 5,600 crore due to 13,000 investors.


PTI
New Delhi, November 11, 2013
MCX's net income declined by 36 per cent to Rs 88.02 crore in the quarter ended September 30, from Rs 137.60 crore in the same period last year. Expenses increased to Rs 77.19 crore from Rs 57.55 crore for the period under review.


PTI
New Delhi, November 6, 2013
Crisis-ridden bourse NSEL defaulted for the 12th straight time as it could pay only Rs 11 crore to investors against a scheduled payment amount of Rs 174.72 crore.


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