MCX, FTIL shares trim initial losses, fall up to 4.3%

Last Updated: Friday, December 27, 2013, 17:35

After plunging 8.8 percent to Rs 431 on the BSE in intra -day trade, the MCX scrip finally ended at Rs 451.95, down 4.37 percent.

MCX Board asks FTIl to cut stake from 26% to 2%

Last Updated: Thursday, December 26, 2013, 20:44

On Wednesday, MCX sought shareholders' approval to do away with permanent director's post on its board that was held till recently by its founder Jignesh Shah.

NSEL scam derailed commodity market in 2013

Last Updated: Wednesday, December 25, 2013, 12:32

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 percent to Rs 125 lakh crore.

NSEL defaults 19th time; pays Rs 12.64 cr against Rs 174.72 cr

Last Updated: Tuesday, December 24, 2013, 22:07

Crisis-ridden bourse NSEL on Tuesday paid about Rs 12.64 crore against the scheduled payment amount of Rs 174.72 crore, defaulting for the 19th straight time.

HC refuses to appoint court commissioner on NSEL plea

Last Updated: Tuesday, December 24, 2013, 19:04

The Bombay High Court on Tuesday refused to appoint a Court Commissioner on a plea made by scam-hit NSEL as Rs 80 crore was expected to come in from the borrowers in the next few months.

HC decides to hear petition of FTIL, Jignesh Shah on Jan 8

Last Updated: Saturday, December 21, 2013, 13:55

The petition was mentioned by FTIL Counsel Janak Dwarkadas before a bench headed by Chief Justice Mohit Shah which asked the market regulator to file reply by January 6.

MCX seeks shareholders nod to do away with permanent director's post

Last Updated: Friday, December 20, 2013, 18:36

Commodity exchange MCX has sought shareholders' approval to do away with permanent director's post on its board that was held till recently by its founder Jignesh Shah.

Govt looking at all options to deal with NSEL crisis: Pilot

Last Updated: Friday, December 20, 2013, 14:30

Emphasising that the priority is to protect the interest of investors, Union Minister Sachin Pilot on Friday said all options are available before the government to deal with the NSEL crisis and its fall out.

Sebi, CERC likely to take a call on Shah, FTIL

Last Updated: Thursday, December 19, 2013, 18:58

FMC, the regulator for commodities market, has ruled that Shah and his flagship firm FTIL are not "fit and proper" to run any exchange amid the continuing NSEL payment crisis.

FMC finds Jignesh Shah, FTIL not fit & proper to run any bourse

Last Updated: Wednesday, December 18, 2013, 17:43

In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not 'fit and proper' to run any exchange in the country and charged him of being the "highest beneficiary" in the NSEL scam.

NSEL scam: Mumbai Police to file charge sheet by month-end

Last Updated: Friday, December 6, 2013, 16:16

The Mumbai Police is expected to file a comprehensive charge sheet in the Rs 5,600-crore National Spot Exchange Ltd (NSEL) scam by this month end.

NSEL scam: Police attach properties of Shah, three others

Last Updated: Tuesday, December 3, 2013, 22:37

As a fallout of the Rs 5,600 crore payout scam at the National Spot Exchange Ltd, police Tuesday attached properties of its Director Jignesh Shah and three others, all named as accused in the case.