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FMC allows financial closure of NSEL's e-series contracts

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.

FMC levies penalty on members for not collecting margin money

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.

FMC suspends futures trade in agri-commodities on Saturdays

Last Updated: Friday, March 14, 2014, 19:50

FMC has asked the bourses to submit a compliance report in this regard by April 15.

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.

Corp Affairs Min seek views from Law Min, Sebi on FTIL action

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.

FMC asks investors to live with CTT; proposes reforms

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.

FMC to soon take a call on e-series payments

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.

MCX Board meet on Feb 7 to take call on FTIL's stake cut

Last Updated: Wednesday, February 05, 2014, 19:50

The NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors.

NSEL to liquidate assets of Mohan India & Vimladevi Agrotech

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.

Commexes turnover fall 59% during Jan 1-15

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.

IBMA reconstitutes board; appoints 4 new directors

Last Updated: Saturday, January 18, 2014, 00:13

The new appointments include three independent directors and one non-executive director.

CERC asks IEX to explain its association with Jignesh Shah

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.