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Nsel Crisis

Apr 13, 2014 at 11:45 | Source: PTI
Commodity exchange NSEL, promoted by Jignesh Shah-led Financial Technologies group, is facing multi-agency probe for the payment crisis. Commodity trade in NSEL has been suspended following the issue.
Mar 27, 2014 at 21:59 | Source: PTI
NSEL, which is a subsidiary of Jignesh Shah-led Financial echnologies India Ltd, is grappling with a payment crisis for settling dues worth Rs 5,600-crore after it suspend trading activities in July last year following a government directive.
Mar 14, 2014 at 09:53 | Source: Moneycontrol.com
Even as the National Spot Exchange Ltd (NSEL) crisis is seen to be engulfing its sister firm, the MCX-SX, the stock exchange -- which is holding a board meeting today -- is trying to portray a picture of normalcy.
Mar 10, 2014 at 16:08 | Source: PTI
Regulator FMC had issued order following a probe into the operations of FTIL's group firm National Spot Exchange Ltd (NSEL) in connection with payment crisis of Rs 5,600 crore. In a public notice issued today, FTIL invited "expression of interest for FTIL's 24 percent stake in MCX".
Feb 25, 2014 at 21:04 | Source: PTI
"Spot markets are still shaken due to NSEL crisis, but we are confident that NCDEX spot exchange (NSPOT) sales turnover is likely to be more than doubled to Rs 7,000 crore by the end of this fiscal," NCDEX Managing Director and CEO Samir Shah told reporters here.
Feb 21, 2014 at 16:05 | Source: PTI
The new round of proposals are being contemplated after the Rs 5,600-crore payment crisis at the National Spot Exchange Ltd (NSEL) promoted by Financial Technologies. NSEL has stopped trading on its platform since August.
Feb 20, 2014 at 16:32 | Source: PTI
The resignation comes amid the continuing Rs 5,600 crore payment crisis at the FTIL-promoted National Spot Exchange Ltd (NSEL).
Feb 02, 2014 at 21:37 | Source: PTI
MCX Stock Exchange, set up by crisis-hit NSEL promoters, last month announced plans for fresh capital infusion by its existing shareholders among measures to boost business.
Dec 27, 2013 at 13:29 | Source: PTI
Last week, the Forward Markets Commission (FMC) had issued an order declaring FTIL and its chief Jignesh Shah unfit to run any exchange, including the Multi Commodity Exchange of India Ltd (MCX), following a Rs 5,500 crore payment crisis at group company National Spot Exchange Ltd (NSEL).
Dec 27, 2013 at 12:23 | Source: PTI
The NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors. It was plunged into them payment crisis after halting trading in commodities from August 1 on a government directive.
Messages on Nsel Crisis »

MMB Messenger

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What is your take on the NSEL crisis?

10.03 PM Apr 16th

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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

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Will MCX-SX survive the NSEL crisis?

5.16 PM Apr 2nd

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MCX India  

Will MCX-SX survive the NSEL crisis?

5.16 PM Apr 2nd

suttamaar

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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

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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

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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

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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

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MCX India  

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

10.37 AM Jan 7th

Stock gambler12

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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

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Apr 15, 2014 at 06:31 | Source: Economic Times
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