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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.

NSEL seeks disbursement proof from brokers for Rs 179 crore payout

Scam-hit NSEL has asked its brokers to submit proof of funds disbursed to their clients within the next two days, suspecting that some members acted as a front to facilitate "benami dealings".

HC sets up panel headed by retd judge in NSEL scam

The committee will ascertain the liability that is outstanding against the defaulting borrowers of NSEL.

Jignesh Shah had meetings with defaulters: Anjani Sinha

After being granted bail on May 09, Sinha talked exclusively to Zee Business about the NSEL crisis.

Govt monitoring actions of several depts in NSEL crisis

The government said it is monitoring the actions of several departments regarding Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), Parliament was informed Tuesday.

Swift action taken to stop NSEL crisis spillover: Chidambaram

Finance Minister P Chidambaram on Monday said the government has taken "swift action" to ensure that the Rs 5,600 crore payment crisis at NSEL does not spill over to other regulated segments of the financial market.

FMC to soon take a call on e-series payments

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.

NSEL to liquidate assets of Mohan India & Vimladevi Agrotech

Crisis-hit NSEL has decided to liquidate assets of two defaulters - Mohan India Group and Vimladevi Agrotech, who together owe around Rs 913 crore.

NSEL pays Rs 2 cr against Rs 86.02 cr; defaults for 24th time

Crisis-ridden bourse NSEL on Tuesday paid Rs 2 crore against the scheduled payment amount of Rs 86.02 core, defaulting for the 24th straight time.

Commexes turnover fall 59% during Jan 1-15

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.

Licensing issues of NSEL come under CBI scanner

The licensing issues of National Spot Exchange Limited have come under the scanner on CBI which is carrying out an inquiry into alleged violations by the bourse facing multiple probes into financial irregularities.

NSEL scam: Former CEO Sinha among five named in charge sheet

The other four named in the charge sheet are Amit Mukherjee, former NSEL vice-president (Business Development); Jay Bahukhundi, another ex-assistant vice-president; Nilesh Patel, managing director of NK Proteins Ltd; and Arun Sharma, Lotus Refineries' CMD and a film financier.

NSEL crisis: RBI says no promoter should control any exchange

"The (NSEL) episode has emphasised the need for ensuring that no single shareholder or a group of shareholders is permitted to dominate the functioning of the exchange or exercise management control," the RBI said in its half-yearly Financial Stability Report released today.

HC refuses to appoint court commissioner on NSEL plea

The Bombay High Court on Tuesday refused to appoint a Court Commissioner on a plea made by scam-hit NSEL as Rs 80 crore was expected to come in from the borrowers in the next few months.

NSEL case: ED raids two business firms, seizes documents

The searches were carried out at the premises of Ms Aastha Minmet India Pvt Ltd and Ms Juggernaut Projects Ltd in Mumbai, Bangalore and few other places, sources said.

HC decides to hear petition of FTIL, Jignesh Shah on Jan 8

The petition was mentioned by FTIL Counsel Janak Dwarkadas before a bench headed by Chief Justice Mohit Shah which asked the market regulator to file reply by January 6.

Govt looking at all options to deal with NSEL crisis: Pilot

Emphasising that the priority is to protect the interest of investors, Union Minister Sachin Pilot on Friday said all options are available before the government to deal with the NSEL crisis and its fall out.

NSEL defaults 18th time; pays Rs 11.5 cr against Rs 174.72 cr

With today's pay-out, NSEL has so far settled about Rs 263.50 crore against about Rs 5,600 crore dues to 13,000 investors.

Govt monitoring follow up action in NSEL case, says Minister

Government is monitoring the progress of follow-up action in the case regarding National Spot Exchange Limited (NSEL) payment crisis on the basis of report submitted by a special team, Parliament was informed Friday.

NSEL scam: Mumbai police attach assets of defaulters

Police suspect equal role of brokers in the scam as many of them have sold NSEL commodities despite having knowledge of the fraudulent practices in the spot exchange.