Nsel Fiasco

The EOW believes that there is a prima facie case for suspecting the misuse of software used across FTIL and its subsidiaries across a number of platforms.

MCX-SX undergoes top brass rejig; hunt for CEO still on

Former home secretary GK Pillai was appointed as the chairman of the exchange, while Thomas Mathew, former LIC chairman is the new vice chairman. The new board will be deciding on a CEO soon.

Jignesh Shah questioned in presence of Nilesh Patel

NK Protein's Nilesh Patel was also present during the interrogation. EOW sources say at the moment the borrower statement is also important to implicate Jignesh Shah.

Sebi rejigs MCX-SX board; Shah, Massey step down

The decision came after MCX-SX shareholders met at an EGM conveyed under the directions of Sebi. MCX-SX has 18 banks and financial institutions as shareholders who together hold 87.42 percent stake in the exchange.

NSEL fiasco: Exchange-broker-client nexus under scanner

Agencies probing into the fiasco surrounding the National Spot Exchange (NSEL) will be investigating a possible collusion between exchange officials, brokers and clients.

MCA widens NSEL probe; seeks details of related entities

The Ministry of Corporate Affairs has sought more details such as financial reports from the National Spot Exchange's (NSEL) parent firm Financian Technologies Group and other related entities.

FMC to issue showcause notice to FT, 3 MCX directors

The showcause notice will seek an explanation as to why the "fit & proper" status of promoters shouldn't be revoked. They are likely to be given 1-2 weeks to respond to the notice.

NSEL to face separate action for companies law violations

The Finance Ministry will decide on action to be taken on alleged irregularities at crisis-hit National Spot Exchange Ltd (NSEL) as per the report of a high-level panel headed by Economic Affairs Secretary Arvind Mayaram.

NSEL, FinTech 'fit and proper' status under scanner: Srcs

The Arvind Mayaram panel will be submitting its report on the national spot exchange (NSEL) on Saturday. Sources say that the 'fit and proper' status of the promoters of NSEL and Financial Technologies is under the scanner.

NSEL ex-CEO takes blame to save promoters

CNBC-TV18‘s Varinder Bansal reports that former MD and CEO of NSEL, Anjani Sinha filed an affidavit, taking the blame for the NSEL fiasco and accused his senior team for the mess.

Equity mkts insulated from issues in other segments: Sebi

In the wake of payment crisis at spot commodity bourse NSEL, Sebi chairman U K Sinha today said equity markets are insulated from such issues as the market intermediaries operate in separate segments.

Go for spread trading in agri derivatives: Kishore Narne

Motilal Oswal's Kishore Narne tells investors to look for opportunities where they can buy soya bean and sell soya bean oil or buy mustard and sell soya bean. There are crops which are interlinked. These are extremely low risk strategies which require less investment as well as the risk is pretty low.

SEBI seeks to tighten regulations for Stock Exchange SGF

SEBI aims to streamline SGF regulations so that all exchanges follow similar methodology and regulations when it comes to calculation of SGF.