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CBI questions Jignesh Shah

Last Updated: Friday, March 14, 2014, 22:55

CBI on Friday resumed questioning of NSEL promoter Jignesh Shah in connection with a case registered against him for allegedly cheating and causing a loss of over Rs 120 crore to public sector undertaking PEC.

FMC asks NMCE to check price manipulation

Last Updated: Wednesday, March 12, 2014, 15:50

Commodity markets regulator FMC has directed NMCE - the country's third biggest commodity bourse - to closely monitor the transactions on its platform to check price manipulation.

Gold price climbs to 6-week high

Last Updated: Monday, January 20, 2014, 09:40

Gold climbed to its highest in nearly six weeks on Monday as a dip in equities lifted the metal`s safe-haven appeal and improved investor confidence.

NSEL scam derailed commodity market in 2013

Last Updated: Wednesday, December 25, 2013, 12:32

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 percent to Rs 125 lakh crore.

Goldman Sachs fined for supervision failure

Last Updated: Saturday, December 08, 2012, 14:18

Goldman Sachs was ordered Friday to pay USD 1.5 million to settle charges by the US Commodity Futures Trading Commission (CFTC) for its internal control failures.

Maturity of commercial market judged by price risk management too: Thomas

Last Updated: Saturday, October 27, 2012, 18:53

The maturity of commodity futures market in the country is not only judged by the volume of trade but also by its ability to perform the functions of price discovery and price risk management, Food and Consumer Affairs Minister K V Thomas said on Saturday.

Commexes turnover up 20% in Jan-Mar, led by bullion: FMC

Last Updated: Thursday, August 23, 2012, 14:29

The total value of trade in the commodity futures market rose 20 percent to Rs 44.03 lakh crore in the first three months this year, led by gold and silver, market regulator FMC has said.

Barclays fined $400 million for manipulating global interest rates

Last Updated: Wednesday, June 27, 2012, 20:20

The US Commodity Futures Trading Commission on Wednesday said that fraud was done by the company between 2005 and 2009.

US sues Royal Bank of Canada for massive fraud

Last Updated: Tuesday, April 03, 2012, 10:59

US regulators announced charges against Royal Bank of Canada, accusing the major Canadian bank of "washing" hundreds of millions of dollars through fraudulent trading.

Two Indians sued in US for illegal trading

Last Updated: Friday, January 13, 2012, 18:50

An Indian mother-son duo have been sued by US authorities for allegedly engaging in an illegal trading scheme to earn more than USD 118,000.

Commexes turnover up by 58% till July 15 of FY'12

Last Updated: Friday, August 12, 2011, 15:13

The turnover of the commodity futures market has risen by 58 percent to Rs 45,34,237 crore as of July 15 of the current fiscal, buoyed by increased trade in bullion and farm commodities, the Forward Markets Commission (FMC) said.

Commexes turnover up 56% in Q1 of FY'12

Last Updated: Tuesday, July 19, 2011, 13:32

The turnover of the commodity futures market rose by 56 percent to Rs 38,29,230 crore in the first quarter of the 2011-12 fiscal on the back of robust trading volumes in gold and silver, the Forward Markets Commission (FMC) said.