Last Updated: Thursday, March 27, 2014, 20:18
Commodity market regulator FMC on Thursday allowed scam-hit National Spot Exchange Ltd (NSEL) to convert e-series gold contracts into physical form -- a move that would benefit 33,000 investors.
Last Updated: Wednesday, March 19, 2014, 15:36
Commodity markets regulator FMC has decided to levy up to 5 percent penalty - of the shortfall in the required margin money - on members of the national commodity bourses from April 1 for failing to collect the required amount from clients.
Last Updated: Friday, March 14, 2014, 19:50
FMC has asked the bourses to submit a compliance report in this regard by April 15.
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.
Last Updated: Tuesday, March 04, 2014, 13:47
The Corporate Affairs Ministry has sought clarifications from the Law Ministry as well as regulators Sebi and FMC to finalise action against "gross violations" by Financial Technologies and related entities.
Last Updated: Thursday, February 06, 2014, 16:18
Amid sharp fall in trade volumes after imposition of CTT, commodity markets regulator FMC today said there is no thinking on reversing this tax, but several reforms are being considered to encourage participation.
Last Updated: Thursday, February 06, 2014, 14:41
Commodity markets regulator FMC on Thursday said it will soon take a call on allowing investors to realise their funds in e-series contracts that were offered on the crisis-hit NSEL.
Last Updated: Wednesday, February 05, 2014, 19:50
The NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors.
Last Updated: Friday, January 31, 2014, 15:11
Crisis-hit NSEL has decided to liquidate assets of two defaulters - Mohan India Group and Vimladevi Agrotech, who together owe around Rs 913 crore.
Last Updated: Friday, January 24, 2014, 22:01
The turnover of 17 commodity bourses fell by 59 percent to Rs 2.82 lakh crore in the first fortnight of this month, with maximum decline in business seen at MCX, ACE and ICEX.
Last Updated: Saturday, January 18, 2014, 00:13
The new appointments include three independent directors and one non-executive director.
Last Updated: Tuesday, January 14, 2014, 18:18
Shah and his flagship firm Financial Technologies (India) Ltd came under the scanner after a payment fiasco at its group entity National Spot Exchange Ltd.
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