National Spot Exchange
Source:NDTV Profit - New Delhi: Following the exit of Deloitte as auditors in the aftermath of the National Spot Exchange crisis, Financial Technologies India Ltd (FTIL) on Wednesday said it has appointed Sharp & Tannan Associates as its auditors with immediate effect.
1.18 PM Jun 26th
.5574 crore at its subsidiary National Spot Exchange (NSEL). Company holds 26% stake in the MCX and now will have to exit fully in view of new norms announced by the Forward Markets Commission. According to the source JM Finance has started getting binding offers for MCX stake. JM is the financial
8.58 PM May 22nd
Source:Economic Times - NEW DELHI: Jignesh Shah has quit from the board of Indian Energy Exchange (IEX) amid his group grappling with multiple woes in the wake of Rs 5,600 crore payment crisis at the National Spot Exchange Ltd. Financial Technologies (India) Ltd, founded by Shah and also
1.27 PM Apr 4th
-SX which has been under the Central Bureau of Investigation’s radar for discrepancies in granting license to the bourse in 2008. The company’s ‘fit and proper’ status come under the spotlight after the Rs 5600 crore National Spot Exchange Limited (NSEL) payment crisis came to fore. Game is over for Mr
9.44 PM Mar 19th
derivatives. Shah is now under a cloud following defaults on his National Spot Exchange Ltd (NSEL), but Bhave actually had nothing to do with this exchange or the permissions given to it. The CBI seems to be on a guilt-by-association trip, and has launched a preliminary enquiry (PE) about the role played
6.05 PM Mar 18th
. Thanks NSEL crisis: 3 audit cos face criminal action for lapses Surojit Gupta & Sidhartha TNN New Delhi: Three audit firms %u2014Mukesh Shah & Co, S V Ghatalia & Associates and Deloitte, Haskins & Sells%u2014are facing criminal action for alleged lapses at the now-defunct National Spot Exchange Ltd
2.26 PM Mar 10th
Source:Business Today - Embattled spot commodity bourse National Spot Exchange (NSEL) has paid Rs 50 lakh against scheduled payment amount of Rs 86.02 crore, defaulting for the 28th straight time.The bourse has settled Rs 322.6 crore so far against Rs 5,500 crore that it owes to investors.
8.12 PM Feb 27th
/Mumbai: Financial Technologies (India) Ltd (FTIL), which is embroiled in a Rs.5,574.34 crore payment crisis at its unit National Spot Exchange Ltd (NSEL), is open to the idea of selling a stake in itself, chairman Jignesh Shah said on Friday. “We are not averse to stake sale. However, will not be able to comment
8.27 PM Feb 21st
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