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Nsel Crisis

Sep 16, 2014 at 17:33 | Source: PTI
To ensure that FTIL takes responsibility to resolve the payment crisis at NSEL at the earliest, FMC has also suggested the government to consider taking over the management of FTIL.
Sep 16, 2014 at 16:55 | Source: PTI
To ensure that FTIL takes responsibility to resolve the payment crisis at National Spot Exchange Ltd (NSEL) at the earliest, Forward Markets Commission (FMC) has also suggested the government to consider taking over the management of FTIL.
Jul 21, 2014 at 13:23 | Source: CNBC-TV18
Samir Shah, MD and CEO of NCDEX says MCX trading volume has reduced post the NSEL crisis. Currently, MCX has a market share of 80 percent and NCDEX 15 percent.
Jul 09, 2014 at 09:59 | Source: Moneycontrol.com
With this stake sale, FTIL's holding in MCX will come down to 24 percent . In December, commodity markets regulator FMC had declared FTIL as unfit to run any exchange after a Rs 5,600 crore payment crisis at group company National Spot Exchange Ltd (NSEL).The regulator asked FTIL to reduce its stake in MCX to 2 percent from 26 percent.
Jun 10, 2014 at 16:52 | Source: PTI
National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd, is grappling with a payment crisis for settling dues worth Rs 5,500-crore after it suspended trading activities in July last year following a government directive.
Jun 05, 2014 at 17:44 | Source: CNBC-TV18
The former MD & CEO of NSEL Anjani Sinha was granted bail on May 9 after he spent around 7 months in custody in the NSEL payment crisis.
Jun 04, 2014 at 18:43 | Source: PTI
Similar notice had been issued to NSEL by Consumer Affairs Ministry in 2012. The Ministry, which regulated spot exchanges until the NSEL crisis broke last year, had exempted the exchange under section 27 of the Forward Contracts (Regulation) Act and allowed it to offer 1-day forward contracts provided members do not resort to short sales.
May 07, 2014 at 22:10 | Source: PTI
Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.
May 07, 2014 at 20:49 | Source: PTI
FTIL Chairman and Group CEO Shah was arrested today by the economic offences wing of the Mumbai police for his alleged involvement in the Rs 5,600-crore payment crisis at group company National Spot Exchange (NSEL).
May 07, 2014 at 17:42 | Source: CNBC-TV18
FTIL is under the lens of multiple agencies after a Rs 5,575 crore payment crisis surfaced end-July at NSEL, where the company hold 99.995 percent stake.
Messages on Nsel Crisis »

la4440

Platinum Member

163 Followers

Suzlon Energy  

@black blades, slight correction. similar movement was seen in finantech during the nsel crisis last year. to and fro 100 to 220 levels intraday. was lucky enough to be trading in it on that day.. point is, very much possible :)

11.34 PM Jun 5th

Web Messenger

Platinum Member

257608 Followers

Market Advice  

Source:Economic Times - MUMBAI: The Forward Markets Commission (FMC) has asked bourses to clamp down on circular trading as the commodity markets regulator tightens its scrutiny of transactions after being placed under the oversight of the finance ministry following the Rs 5,600-crore NSEL crisis

4.17 PM Apr 15th

suttamaar

Platinum Member

76 Followers

Geodesic  

. 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

rainless

Platinum Member

65 Followers

MCX India  

Oops..thanks for the compilation meant for u..BTW the strategic JV with TM or the like & stake exit from exchanges appear a just & well thought out bailout from the NSEL crisis. Your views pl.

3.43 PM Mar 1st

arvin2k

Silver Member

5 Followers

MCX India  

the NSEL crisis came to light. Between July and November, as the crisis at NSEL unfolded, turnover on MCX declined by 48%. While there has been some revival in the last three months, turnover remains 33% below what was recorded in the month of July. "The main reason why the volumes have gone up in MCX

10.09 PM Feb 5th

lunaticgeni
us

Gold Member

13 Followers

MCX India  

Dont invest till results. Lets see if the sharp drop of 65% in volumes were just because of NSEL crisis or its a permanent effect. If its permanent , then stock may trade below 400 levels in near future.

11.49 AM Jan 17th

MMB Messenger

Platinum Member

262925 Followers

MCX India  

Have MCX, MCX-SV been completely ring-fenced from the fallout of the NSEL crisis?

10.37 AM Jan 7th

Stock gambler12

Gold Member

26 Followers

Financial Tech  

NSEL crisis: RBI says no promoter should control exchange The RBI report says the NSEL scam highlighted the gap in the regulation of commodity spot exchange.

4.41 PM Dec 30th 2013

Padmanabha

Silver Member

1 Followers

Other Market Topics  

I fail to understand why media and now FM is insisting on retail participation. Is it because , they are the most vulnerable and give them quick profits through manipulation? The latest example is NSEL crisis, once again the small people have lost lot of their money, life savings.

2.43 PM Dec 14th 2013

trade4profi
t123

New Member

0 Follower

Commodities  

As the NSEL crisis deepens, role of at least 32 brokerage firms has come under the scanner for allegedly charging high transaction charges and providing portfolio management and margin funding services to their clients in violation of

12.35 PM Dec 10th 2013

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May 09, 2014 at 17:12 | Source: Calcutta Telegraph News