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SAT concludes hearing of FTIL appeal, reserves order

Last Updated: Thursday, June 26, 2014, 23:08

The Securities Appellate Tribunal Thursday concluded the hearing and reserved its order on the Financial Technologies' appeal against a Sebi order declaring it unfit to own any stake in market infrastructure institutions like stock exchanges and clearing corporations.

FTIL's stake in MCX to be sold via offer for sale

Last Updated: Monday, June 23, 2014, 18:32

India's leading commodity exchange, Multi Commodity Exchange (MCX) has been permitted to sell its 24 percent stake in Financial Technologies India Ltd (FTIL) via offer for sale.

Jignesh Shah's bail plea hearing to continue Wednesday

Last Updated: Wednesday, June 11, 2014, 00:47

The hearing on the bail plea of Jignesh Shah, the chairman of Financial Technologies (India), and former MCX CEO Shrikant Jawalgekar, arrested in connection with the Rs 5600-crore repayment issue at the National Stock Exchange Ltd, was adjourned to tomorrow by a local court today.

E-series investors redeem 85.5kg gold, Rs 140cr cash from NSEL

Last Updated: Tuesday, June 10, 2014, 17:26

National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd.

Jignesh Shah was aware of happenings at NSEL: EOW

Last Updated: Friday, June 06, 2014, 20:00

In what could be a turning point in chairman of Financial Technologies Jignesh Shah's fate, sources have said that he has given a partial confession to the Economic Offences Wing (EOW) of Mumbai.

FMC pressurising MCX on FTIL stake sale; denies new contracts

Last Updated: Wednesday, June 04, 2014, 17:51

Commodity markets regulator FMC on Wednesday said it has not approved a proposal by MCX to launch new contracts beyond August as part of a strategy to put pressure on the exchange to comply with its order on reduction of the stake held by the former promoter.

Multi Commodity Exchange appoints P K Singhal as interim CEO

Last Updated: Friday, May 23, 2014, 23:32

Multi Commodity Exchange of India (MCX) has appointed P K Singhal as its interim CEO.

FTIL gives extra 2 weeks to submit final bids for MCX stake

Last Updated: Saturday, May 10, 2014, 18:38

Jignesh Shah-led FTIL, which is divesting its stake in MCX, today said the board has given an additional two weeks to shortlisted investors to submit their final bids.

Investors demand case against Jignesh Shah to be fast tracked

Last Updated: Thursday, May 08, 2014, 20:13

Aggrieved investors who termed Financial Technologies Chairman Jignesh Shah as India's biggest scamster, demanded here Thursday, that the case against him should be fast tracked, so that he is convicted and his assets which have been frozen are liquidated at the earliest.

Jignesh Shah sent to police custody till May 15

Last Updated: Thursday, May 08, 2014, 18:46

Financial Technologies and Multi-Commodities Exchange (MCX) promoter Jignesh Shah, arrested in the Rs 5,600-crore National Spot Exchange (NSEL) scam case, were Thursday remanded to police custody till May 15, by a Sessions Court in Mumbai.

FTIL moves SAT against SEBI order on 'fit and proper' status

Last Updated: Wednesday, May 07, 2014, 21:41

Financial Technologies, promoted by Jignesh Shah, has moved the Securities Appellate Tribunal challenging SEBI's ruling that the company was not fit to have stake in any stock exchange.

FTIL calls board meeting Thursday to discuss Shah's arrest

Last Updated: Wednesday, May 07, 2014, 21:35

Financial Technologies India Ltd (FTIL) has called a board meeting on Thursday to discuss the arrest of its chief Jignesh Shah.