Mcx Sx

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.

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.

MSEI to launch rights issue to raise Rs 97 cr from Monday

Metropolitan Stock Exchange of India (MSEI), earlier known as MCX-SX, will launch its rights issue to raise Rs 97 crore, for funding its business plans and strengthen its financial, from August 22.

MSEI draws turn-around plan, prepares ground to seek FDI

Metropolitan Stock Exchange of India Ltd (MSEI), erstwhile MCX-SX, has drawn a turn-around plan to build itself as a strong third stock exchange of the country beside preparing ground to seek FDI investment from overseas bourses.

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.

Wipro, HCL in race for Sebi fraud detection system upgrade

Besides, some global players like HP and IBM as well as consultancy major KPMG have shown interest. The Securities and Exchange Board of India (Sebi), which is tasked with the job of regulating capital markets and check any wrongdoings, is planning to expand the capacity of its Data Warehousing and Business Intelligence System (DWIBS).

MCX-SX gets SEBI approval to launch fresh contracts

This has paved the way for the exchange to launch all contracts in currency futures, currency options, interest rate futures, equity and index derivatives. The said approval will allow members to take positions in all new contracts.

Launch of currency contracts crucial for MCX-SX: MD

MCX-SX MD and CEO Saurabh Sarkar says the exchange is looking to raise funds of nearly Rs 300 crore in the next few months.

The Ashok Chawla Interview!

The Ashok Chawla Interview!

MCX-SX issues shares to new investors; meets Sebi norm

Besides, meeting other conditions, the exchange would also attain a prescribed networth of Rs 100 crore

FTIL sells 1.65 lakh shares of MCX-SX to Jhunjhunwala

Last month, crisis-hit FTIL signed agreements to sell its entire 5 per cent stake, comprising of 2.7 crore equity shares and 56,24,60,000 warrants, for Rs 88.41 crore.

NSE lowers charges for currency futures

Besides, NSE has also announced a liquidity enhancement scheme for Exchange Traded Funds (ETFs) on its indices. The third major player in this segment, MCX-SX had also tweaked its transaction charges for futures contracts traded on its currency derivatives platform earlier this month.

Financial Tech jumps 8% as it is sells stake in MCX-SX

Financial Technologies on Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire five percent stake in MCX-SX stock exchange for Rs 88.41 crore.

FTIL in pact with Jhunjhunwala, others to exit MCX-SX

The group has started exiting from the exchange business both in India and abroad after commodity markets regulator FMC order in December 2013 declared FTIL and its founder Jignesh Shah as unfit to run any exchanges in view of this scam.

FTIL jumps 6%; Prashant Desai replaces Jignesh as CEO, MD

"Prashant Desai, who joined the company in 2013 as president (investor relations and M&A) assumed the position of MD and CEO of the company effective (on Thursday)," said the company in its filing.

MCX approaches SEBI for retaining stake in MCX-SX, CCL

In the representation made by MCX to the market watchdog SEBI, it has said that the company and FTIL no longer act in concert.

FTIL opposes merger of NSEL with itself

In a letter to BSE and NSE, FTIL said its Board is opposed to FMC's recommendations that NSEL be merged with FTIL and the government should take over management of FTIL.

Turnover from IRF crosses Rs 1 lakh cr-level in FY15

Trading of Interest Rate Futures (IRF) on -- BSE, NSE and MCX-SX -- cumulatively stood at Rs 1.28 lakh crore, during April-August period. However, for August, total trading value in IRF on the three stock exchanges dipped by 10.45 per cent to Rs 28,644.62 crore over the preceding month.

CBI files fresh case against FTIL, MCX-SX, SEBI members

This is development is significant because apart from the fact that the CBI has named these individuals, it has let off former Sebi chairman CB Bhave and KM Abraham, who had come under the CBI scanner.

FTIL sells NBHC for Rs 242 crore

Financial Technologies and all other shareholders of NBHC have entered into a share purchase agreement for sale of 100 percent equity ownership in NBHC, a subsidiary of the company, to IVF Trustee Company, the sole trustee of India Value Fund IV for a total consideration of Rs 241.74 crore.

FinMin objected MCX-SX, but Sebi gave green signal: CBI

The CBI in its preliminary enquiry (PE) says that the ministry of finance had communicated in a letter dated October 17 2007 about a search-and-seizure operation. This letter had gone in before MCX-SX was recognized as an exchange.

MCX-SX hopes to raise Rs 200-300 cr via rights issue

The rights issue is around Rs 500 crore. Most experts believe there won‘t be any problem with the rights issue. However, sources say some investors are reluctant to participate in the rights issue. But the exchange hopes to garner around Rs 200-300 crore.

Inflation data reflects economic improvement: Jalan

Former RBI governor Bimal Jalan said that as a citizen he feels more emphasis should be given on growth and investment now.

FTIL shares fall, GK Pillai resigns as chairman of MCX-SX

After a board meeting, the MCX Stock Exchange (MCX-SX) announced that FTIL and MCX have been re-classified from the category of promoter shareholder to public shareholder.