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  • 63 Moons builds on gains after zooming over 20% in 2 days

    Miri Strategic Emerging Markets Fund LP, the hedge fund owned by US-based Miri Capital Management LLC, has bought an additional 0.77 percent stake in the technology services firm

  • Opinion | Why Sebi’s ‘not fit and proper’ order is a joke

    Opinion | Why Sebi’s ‘not fit and proper’ order is a joke

    Sebi has passed its order on companies which were defunct in any case.

  • Sebi order: Jignesh Shah says no violations; alleges conspiracy

    Sebi order: Jignesh Shah says no violations; alleges conspiracy

    On Wednesday, Sebi ordered impounding of "averted losses" worth over Rs 125 crore through alleged insider trading in MCX and its erstwhile promoter FTIL by 13 persons, including relatives of Shah and former top executives, with 'prior information' about the NSEL case.

  • NSEL ex-CEO Sinha averted loss of Rs 8.5 lakh in insider trading : SEBI

    NSEL ex-CEO Sinha averted loss of Rs 8.5 lakh in insider trading : SEBI

    Defunct spot exchange for agriculture goods NSEL's former CEO Anjani Sinha averted a loss of about Rs 8.5 lakh in insider trading with prior information about the crisis at the exchange, SEBI said.

  • NSEL urges Sebi to resolve Rs 5,600-cr payment crisis

    NSEL urges Sebi to resolve Rs 5,600-cr payment crisis

    Since then, multiple agencies including Sebi, the Directorate of Enforcement (ED) and the Reserve Bank of India (RBI) are probing the irregularities at the now-defunct NSEL.

  • Sebi tells MCX to conduct forensic audit of its technologies

    Sebi tells MCX to conduct forensic audit of its technologies

    MCX and FTIL, which is now known as 63 Moons Technologies, were founded by Jignesh Shah. In the wake of the Rs 5,600-crore scam at group entity National Spot Exchange Ltd (NSEL), FTIL sold its stake in the commodity exchange.

  • NSEL case: SFIO probing FTIL, 18 associate cos

    NSEL case: SFIO probing FTIL, 18 associate cos

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

  • ED removes provisional freeze on FTIL's HDFC Bank account

    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.

  • NSEL Investor Forum writes to EOW, says FTIL has overstated A/cs

    NSEL Investor Forum writes to EOW, says FTIL has overstated A/cs

    CNBC-TV18's Yash Jain -- who has a copy of the letter -- reports that NSEL has alleged that FTIL only disclosed payable expense and did not mention inward cash flows.

  • Will accept punishment if proven to conspired with NSEL: FTIL

    Will accept punishment if proven to conspired with NSEL: FTIL

    Financial Technologies has filed fresh application in the Bombay High Court against Economic Offences Wing (EOW) for attachment of its bank account, reports CNBC-TV18. Hearing in this case is scheduled for July 28.

  • Govt to set up a special court for all NSEL-related cases

    Govt to set up a special court for all NSEL-related cases

    Government today decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.

  • No immediate HC relief for Jignesh Shah's company

    No immediate HC relief for Jignesh Shah's company

    EOW has attached the assets in connection with the NSEL scam. Shah was arrested in the case earlier this month.

  • In spotlight: Jignesh Shah and his journey so far

    In spotlight: Jignesh Shah and his journey so far

    Back in the news over the Rs 5,600-crore NSEL scam, Jignesh Shah has seen many ups and downs since the inception of Financial Technologies (India). Here's a timeline that chronicles his days right from the day he incorporated Financial Technologies.

  • Jignesh Shah sent to police custody till July 18

    Jignesh Shah sent to police custody till July 18

    The Enforcement Directorate (ED) claimed in the court that Shah had made Rs 76-crore worth bogus deals in the NSEL scam.

  • Stock mkt turnover slide 43% in Jan-April this yr

    Stock mkt turnover slide 43% in Jan-April this yr

    The country's stock exchanges saw their overall cash market turnover tumbling over 43 percent to Rs 15.95 lakh crore during the first four months of 2016 over the same period last year.

  • HC extends stay to merger of NSEL, FTIL till March 31

    HC extends stay to merger of NSEL, FTIL till March 31

    The Bombay High Court today extended till March 31 the stay to the implementation of merger between National Spot Exchange Ltd (NSEL) and Financial Technologies (India) Ltd (FTIL).

  • NSEL crisis: Govt asks Sebi to act against defaulting brokers

    NSEL crisis: Govt asks Sebi to act against defaulting brokers

    The government also said that the CBI is enquiring into the conduct of government officials, including those from two public sector undertakings, to ascertain whether they were involved in abetting the payment crisis at the National Spot Exchange Ltd (NSEL)

  • Financial Tech wraps up IEX stake sale

    Financial Tech wraps up IEX stake sale

    "The company has concluded the sale of balance 5 percent equity stake in IEX on a fully diluted basis... With the conclusion of the transaction, the company has competed sale of its entire 25.64 percent stake in IEX," Financial Technologies said in a regulatory filing.

  • FTIL in process of selling rest 6.58% stake in IEX

    FTIL in process of selling rest 6.58% stake in IEX

    For the remaining stake in electricity exchange IEX, the company had earlier this week entered into a share purchase agreement with MADISON India Opportunities III for sale of 1.58 percent stake.

  • FTIL to sell 1.58% stake in IEX to Madison Ind for Rs 34 cr

    FTIL to sell 1.58% stake in IEX to Madison Ind for Rs 34 cr

    With the conclusion of the transaction (of 11 percent stake), the company had completed the sale of 13.60 percent stake in IEX, on fully diluted basis.

  • Merger with FTIL will hamper recovery of Rs 5,600 cr: NSEL

    Merger with FTIL will hamper recovery of Rs 5,600 cr: NSEL

    In the wake of the payment crisis, the Corporate Affairs Ministry last year ordered the merger of NSEL with its parent firm FTIL but that has been challenged by the exchange and the matter is now before the Bombay High Court.

  • Sensex surges, Nifty holds 7800 comfortably; banks support

    Sensex surges, Nifty holds 7800 comfortably; banks support

    ITC, M&M, Coal India, NTPC and HDFC Bank are top gainers in the Sensex. Among the losers are Tata Motors, BHEL, GAIL, Cipla and Tata Steel.

  • Company Law Board bars sale of FTIL assets

    Company Law Board bars sale of FTIL assets

    The order effectively means that all fixed assets of FTIL stand frozen till September 2, which means they cannot be sold off, hived off and no third party rights can be created with respect to these assets.

  • FTIL floats EoI to sell 23% stake in MCX-SX CCL

    FTIL floats EoI to sell 23% stake in MCX-SX CCL

    FTIL floats EoI to sell 23% stake Financial Technologies of India Ltd (FTIL) has begun the process of selling its 23 percent stake in MCX-SX Clearing Corporation in order to comply with market regulator Sebi's order.in MCX-SX CCL

  • FTIL put Rs 1000cr solution plan; brokers reject proposal

    FTIL put Rs 1000cr solution plan; brokers reject proposal

    The Rs 5,600 crore scam surfaced at FTIL's subsidiary NSEL in August 2013 affecting 13,000 investors. The spot exchange has recovered only Rs 371.8 crore from defaulters as on March 30 this year.

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