Financial Technologies

HC junks FTIL's petition against govt order to merge with NSEL

The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).

Dec 04, 2017, 14:34 PM IST
NSEL scam: Govt orders SFIO probe against FTIL, 18 associate companies

NSEL scam: Govt orders SFIO probe against FTIL, 18 associate companies

In mounting troubles for Jignesh Shah-led Financial Technologies, the government has directed SFIO to probe the company and its 18 associates with respect to alleged irregularities in the nearly Rs 5,600-crore scam at NSEL.

Nov 01, 2016, 19:17 PM IST
FTIL shares slump nearly 10% after Jignesh Shah's arrest

FTIL shares slump nearly 10% after Jignesh Shah's arrest

FTIL shares slump nearly 10% after Jignesh Shah's arrest

Jul 13, 2016, 13:13 PM IST

Govt seeks to restrain FTIL from selling assets

To protect the interest of investors in the nearly Rs 5,600-crore scam at NSEL, the government has moved the Supreme Court seeking a restrain on parent firm Financial Technologies to prevent possible "asset stripping"

Apr 01, 2016, 18:41 PM IST
Govt orders merger of NSEL with Financial Technologies

Govt orders merger of NSEL with Financial Technologies

This is the first case of the government ordering merger of two private companies invoking a rarely used clause in the companies law.

Feb 12, 2016, 21:41 PM IST

Financial Technologies wraps up IEX stake sale

 Financial Technologies on Friday said it has concluded sale of its remaining 5 percent stake in Indian Energy Exchange (IEX).

Nov 20, 2015, 12:59 PM IST

FTIL set to exit IEX, to sell remaining 0.37% stake

Financial Technologies has entered into an agreement with Madison India Opportunities.

Nov 10, 2015, 21:52 PM IST

FTIL renames itself as 63 Moons Technologies

Jignesh Shah-led Financial Technologies (India) Ltd on Wednesday proposed to change its name to 63 Moons Technologies Ltd as it seeks to reinvent itself in the wake of the NSEL crisis.

Aug 19, 2015, 18:06 PM IST

FTIL-NSEL swap ratio finalised; NAFED to get 38 shares

The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.

Apr 10, 2015, 18:02 PM IST

MSX says not linked to FTIL, NSEL and their promoters anymore

Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, on Thursday said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.

Apr 02, 2015, 18:48 PM IST

FTIL offers Rs 1000cr settlement plan; brokers reject proposal

Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).

Mar 31, 2015, 16:44 PM IST

MCX approaches SEBI for retaining stake in MCX-SX, MCX-SX CCL

Country's largest commodity exchange MCX has requested SEBI to allow the company to retain its stake in MCX-SX and MCX-SX CCL.

Nov 14, 2014, 22:12 PM IST

FTIL expands Board; to carve out new firm for flagship product

Facing a government-ordered merger of crisis hit NSEL with itself, Financial Technologies India (FTIL) on Friday announced spinning off a key revenue-generating trading software product into a separate subsidiary as part of a major restructuring exercise.

Nov 07, 2014, 20:30 PM IST

FTIL shares hit new low, bounce back

Financial Technologies stocks slumped to their lowest trading permissible limit for the day but bounced back soon and rallied by over 9 per cent in a heavily volatile afternoon trade on bourses.

Oct 22, 2014, 16:40 PM IST

NSEL scam: Two top honchos of defaulting firms arrested

Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL.

Oct 21, 2014, 20:24 PM IST

FTIL may have to absorb over Rs 5,200 cr NSEL liabilities

So far, the crisis-hit exchange has managed to recover only about Rs 360 crore dues from defaulters, a part of which has been disbursed and the rest is in an escrow account.

Oct 21, 2014, 20:20 PM IST

FTIL shares crash 20% as govt to merge NSEL with co

Shares of Financial Technologies slumped 20 percent to hit its lowest trading permissible limit for the day after the government decided to merge crisis-ridden National Spot Exchange Ltd (NSEL) with holding group FTIL.

Oct 21, 2014, 16:36 PM IST

Govt orders merger of fraud-hit NSEL with parent firm FTIL

To ensure speedy recovery of dues for investors and others hit by Rs 5,600-crore "fraud" at the National Spot Exchange Ltd, the government on Tuesday ordered merger of the scam-hit firm with its holding company FTIL.

Oct 21, 2014, 14:55 PM IST

FTIL signs new technology contract with MCX

Financial Technologies (FTIL) on Saturday said it has signed a 10-year long-term technology contract with the commodity exchange MCX, resulting in negative impact of nearly Rs 9 crore on its total income for this fiscal.

Sep 27, 2014, 21:48 PM IST

MCX-SX to be rechristened as Metropolitan Stock Exchange

MCX Stock Exchange (MCX-SX) on Tuesday said it has received approval from capital markets regulator Sebi to rename itself as Metropolitan Stock Exchange of India Ltd' or mSXI.

Sep 23, 2014, 20:39 PM IST