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National Spot Exchange News

19 Feb 2019

63 Moons serves legal notices to Chidambaram, 2 civil servants

Chidambaram was finance minister when the NSEL crisis came to light in late 2013.

28 Apr 2017

Sebi issues fresh showcause notice to brokers in NSEL case

Multiple agencies including Sebi are probing the irregularities that happened at the now-defunct National Spot Exchange Ltd.

14 Apr 2015

Vested interests trying to scuttle proposed settlement: NSEL

Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.

07 Mar 2015

NSEL scam: court extends Rathi's police custody till March 13

The special court for MPID (Maharashtra Protection Of Interest Of Depositors) Act cases here Saturday extended the police custody of Amit Rathi, managing director of Anand Rathi Commodities, till March 13 in connection with the Rs 5,600-crore scam at National Spot Exchange Ltd.

25 Nov 2014

NSEL, FTIL merger after stakeholders' suggestions: Jaitley

The government has issued only a draft order on amalgamating National Spot Exchange Ltd with Financial Technology and if required, the final order will be issued after considering suggestions submitted by the stakeholders, parliament was told Tuesday.

20 Nov 2014

Jignesh Shah resigns as FTIL MD; will mentor the firm now

The FTIL Board in its meeting held today appointed Prashant Desai as new Managing Director and CEO of the firm.

20 Nov 2014

Jignesh Shah resigns as MD of FTIL

Jignesh Shah has resigned as the Managing Director of Financial Technologies India.

Financial Technologies India

13 Nov 2014

FTIL moves Bombay HC against Govt order on merger with NSEL

The Financial Technologies India Ltd (FTIL) has filed a petition in the Bombay High Court challenging the recent government order to merge its crippled National Spot Exchange with itself.

Commodity exchange

18 Aug 2014

MCX attains highest market share since Oct 2013

The bourse, meanwhile, maintained its market share in non- agricultural commodities above 99 percent since Q2 2013-14.

National Spot Exchange

10 Jun 2014

E-series investors redeem 85.5kg gold, Rs 140cr cash from NSEL

National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd.

06 Jun 2014

Jignesh Shah was aware of happenings at NSEL: EOW

In what could be a turning point in chairman of Financial Technologies Jignesh Shah's fate, sources have said that he has given a partial confession to the Economic Offences Wing (EOW) of Mumbai.

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