Financial Technologies | Latest & Breaking News on Financial Technologies | Photos, Videos, Breaking Stories and Articles on Financial Technologies

Kotak Mahindra stake buy in MCX under lens (Exclusive)

The Serious Fraud Investigations Office (SFIO) has written to Kotak Mahindra Bank seeking documents related to the bank‘s acquisition of 15 percent stake in Multi Commodity Exchange in July 2014, sources told Moneycontrol.

NSEL case: SFIO probing FTIL, 18 associate cos

Jignesh Shah-led Financial Technologies (India) Ltd has changed its name to 63 Moons Technologies.

Mindtree evaluating fintech partnerships for digital payments

Mindtree has been at the forefront of digitisation. Nearly 40 percent of company's revenues are classified as revenues coming in from digital. Speaking to CNBC-TV18, MD & CEO Rostow Ravanan said, going digital has been a phenomenal opportunity for the company.

Fintech to fuel growth, create jobs in Asia Pacific: UNDP

New age financial technologies (fintech) like micro credits and payments will help Asia Pacific achieve UNDP's Sustainable Development Goals (SDGs) faster by creating more jobs in micro enterprises.

Financial Technologies jumps 5% on strong Q2 results

The company's Q2 (Aug-Sept) net profit increased to Rs 28.4 crore versus Rs 1.7 crore, in the same period last fiscal.

Stocks in news: L&T, Aurobindo, Vedanta, Fin Tech, Khaitan Elect

Global VC-backed fintech funding down 52%: Report

The top 20 deals, including Affirm, Mobikwik and One97, raked in 67 percent of the total funding to payments technology companies in the first three quarters, it added.

Govt orders SFIO probe against FTIL, 18 associate companies

Besides, the Serious Fraud Investigation Office (SFIO) would look into the role of 20 defaulting entities as well as their nexus with brokers who were responsible for the payment crisis at the now-defunct National Spot Exchange Ltd (NSEL).

Court grants bail to Jignesh Shah in MCX-SX case

A special CBI court today granted bail to Financial Technologies (India) Ltd promoter Jignesh Shah in connection with a case against him for allegedly suppressing facts to get an extension for stock exchange MCX-SX from market regulator SEBI.

Exit Financial Technologies, says Avinash Gorakshakar

Avinash Gorakshakar, Market Expert suggests exiting Financial Technologies.

ED removes provisional freeze on FTIL's HDFC Bank account

Crisis-hit Financial Technologies India (FTIL) today said the Enforcement Directorate has directed HDFC Bank to secure Rs 30.27 crore and then allow normal debit-credit operations in the current account.

63 Moons Tech's arm signs pact to sell stake in Bourse Africa

In a BSE filing, the company said, "Our subsidiary FT Group Investments Pvt Ltd (FTGIPL) Mauritius has entered into an amended SPA (Share Purchase Agreement) with CAHL for sale of its 100 percent stake in Bourse Africa Ltd (BAL), Mauritius for USD 10.50 million."

Stocks in news: HCL Tech, Alkem Labs, IDFC Bank, SEAMEC, Majesco

Stocks in news: ICICI Prudential, Kotak Mah, MCX, Pidilite, IOC

ED has asked HDFC Bank to freeze one current account: FTIL

"... as informed by HDFC Bank to us, the Directorate of Enforcement, Mumbai, has requested HDFC Bank to provide the bank account statement of a current account of the company and requested the bank to provisionally freeze the said current account," FTIL said in a filing to the BSE.

Never received any money from NSEL's profit, says FTIL

Embattled Financial Technologies has told shareholders that it never got any money from NSEL's profit and also cautioned them against vested interests spreading rumours about the government order on merging the bourse with the company.

ED attaches FTIL's mutual funds worth Rs 307 cr

In a filing to the BSE, FTIL said: "The company has received a provisional attachment Order from the Directorate of Enforcement, Mumbai, attaching mutual funds amounting to Rs 306.70 crores." The company is taking appropriate steps in consultation with its legal counsel, it added.

FTIL shares down over 6% on promoter Jignesh Shah's arrest

After a weak opening, shares of the company further lost 6.17 percent to Rs 78.20 on BSE.

CBI arrests FTIL promoter Jignesh Shah

CBI today arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.