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FTIL reports net loss of Rs 371.25 cr in Q4

Last Updated: Saturday, May 31, 2014, 18:42

Crisis-hit Financial Technologies India Ltd (FTIL) on Saturday reported a net loss of Rs 371.25 crore for the quarter ended March 31, 2014 due to lower sales and provisions made for doubtful loans and advances.

Shah's arrest: NSEL Investors Forum hopes to get back money

Last Updated: Wednesday, May 07, 2014, 21:17

NSEL Investors Forum represents 13,000 investors, whose money is stuck following the payment crisis at the National Spot Exchange Ltd, a subsidiary of FTIL.

NSEL fiasco: Probe indicates money laundering violations

Last Updated: Sunday, September 29, 2013, 13:34

Those under scanner include many brokers, their HNI clients and some top officials of the National Spot Exchange Ltd (NSEL).

NSEL: Govt officials under CVC lens for alleged irregularities

Last Updated: Sunday, September 29, 2013, 11:59

Prima facie, it appears that rules were probably overlooked and violated by the ministry officials. The complaints are being examined for further action by the probity watchdog, they said.

Govt panel finds 'minor systemic failure' at NSEL

Last Updated: Friday, September 20, 2013, 20:50

The final report is likely to be submitted to Finance Minister P Chidambaram tomorrow, a senior Ministry official said Friday.

Investors hope to recover Rs 4000 cr from top 5 NSEL borrowers

Last Updated: Tuesday, September 17, 2013, 22:26

NSEL Investors Forum Tuesday said it expects to recover Rs 4,000 crore from top five borrowers of the exchange.

NSEL investors demand seizing assets of promoter firm FTIL

Last Updated: Monday, September 16, 2013, 22:24

NSEL Investor Forum Secretary Arun Dalmia met Economic Affairs Secretary Arvind Mayaram, who said that the government is examining the issue and strict action would be taken against the guilty.

NSEL gets Rs 4.58 cr against Rs 174.72 cr payable Tuesday

Last Updated: Monday, September 16, 2013, 20:21

According to the NSEL data, four members out of 24 have paid in Rs 4.58 crore as on today to the bourse, against the the pay-out requirement of Rs 174.72 crore tomorrow.

Investors forum to seek legal action against NSEL promoters

Last Updated: Friday, September 13, 2013, 23:34

NSEL Investors Forum Friday said it will pursue "legal action" against the promoters of the troubled National Spot Exchange Ltd (NSEL) if they tried to dispose of the assets of the promoter company, which was vehemently denied by Financial Technologies India Ltd.