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Stocks in news: Tata Steel, Torrent Pharma, Rel Infra, Lupin

Financial Tech standalone Dec '13 sales at Rs 81.80 crore

Financial Technologies has reported a standalone sales turnover of Rs 81.80 crore and a net profit of Rs 34.48 crore for the quarter ended Dec '13

Sensex ends 94 pts down; Maruti up 2%, Tata Steel falls

Tirthankar Patnaik of Religare Capital expects the market performance in 2014 to be a 3G story of general elections, growth and inflation, and global backdrop.

State-backed UCX eyes FTIL's stake in MCX

UCX is the sixth national commodity exchange and commenced operations in April 2013.

8 stocks in which smart money burnt fingers in 2013

Here are 8 stocks that caused heartburn to some of the reputed investors in 2013.

MCX orders FTIL to cut stake from 26% to 2% in a month

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).

MCX, FTIL edge lower by up to 9%

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.

Jignesh challenges FMC order, investors' baying for brokers

Jignesh Shah‘s suit is likely to raise questions similar to FTIL petition. Jignesh Shah is likely to question FMC‘s jurisdiction over the NSEL.

Stocks in news: Amtek India, MCX, Financial Tech, BHEL

Stocks in news: Tata Motors, HDFC Bank, UltraTech, GMR, TCS

Sensex, Nifty end flat; Infosys & Tata Power lose 2%

Bank Nifty outperforms with a 1 percent gain while rate sensitives and metals are also faring well today.

Stocks in news: Axis, Infosys, United Spirits, UB Holdings

FTIL moves Bombay High Court against FMC order

FTIL is expected to argue that without any court of law holding Jignesh Shah guilty, the FMC has held him guilty of fraud

Buy MCX India, may test Rs 600-700: Nooresh Merani

Nooresh Merani of Analyse India is of the view that one may buy Multi Commodity Exchange of India at current levels as the stock may move to Rs 600-700 in the medium term.

Avoid Financial Technologies: Nooresh Merani

Nooresh Merani of Analyse India suggests avoiding Financial Technologies. He thinks MCX India is a safer stock.

Stocks in news: Strides Arcolab, Religare Ent, Alstom, NTPC

Jignesh Shah biggest beneficiary of NSEL fraud, says FMC

The order follows a probe into the Rs 5500 crore fraud at National Spot Exchange, a subsidiary of Financial Technologies.

NSEL defaulter Mohan to pay 1.5% upfront under settlement

Under the agreement, Mohan India will pay Rs 11 crore (less than 1.5 percent of outstanding loan) upfront, and the remaining amount will be paid over the next one year.

NSEL Collapse: Why Savvy Brokers Got Trapped?

There was the Rs 250 crore Harshad Mehta scam built on fake bank receipts and now there is the Rs 5600 crore NSEL scam built on fake warehouse receipts and illegal trades.

Bombay HC directs NSEL, Govt to file reply to PIL

Legal trouble for the Jignesh Shah led NSEL appears to be mounting. The Bombay High Court today heard the PIL filed by an investor group against the NSEL.

Stocks in news: MCX, JSPL, ITC, Hexaware, Financial Tech

Evening Capsule: Your 2-minute guide to today's biz updates

Here are the top stories that made news today

Bull's Eye: Buy Indiabulls Power, Ceat, Financial Tech

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Buy Financial Tech; target of Rs 1370: Motilal Oswal

Motilal Oswal is bullish on Financial Tech and has recommended buy rating on the stock with a target of Rs 1370 in its February 5, 2013 research report.