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27 May 2022

Mobcoder Is Unifying Uk High Streets With A Fintech App - Voilo

Voilo is a smartphone app that connects small businesses and charities with their consumers, allows them to accept payments from anywhere, and saves them up to 90% on transaction costs.

04 Dec 2017

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).

01 Nov 2016

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.

13 Jul 2016

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

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

01 Apr 2016

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"

NSEL-Financial Technologies merger

12 Feb 2016

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.

Financial Technologies

20 Nov 2015

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).

Financial Technologies

10 Nov 2015

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

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

Financial Technologies

19 Aug 2015

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.

Financial Technologies

10 Apr 2015

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.

Metropolitan Stock Exchange

02 Apr 2015

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.

Financial Technologies

31 Mar 2015

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).

14 Nov 2014

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.

07 Nov 2014

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.

Financial Technologies

22 Oct 2014

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.

21 Oct 2014

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.

21 Oct 2014

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.

Financial Technologies

21 Oct 2014

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.

22 Oct 2014

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.

Financial Technologies

27 Sep 2014

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.

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