EOW to attach immovable assets of Jignesh Shah, Joseph Massey

Last Updated: Tuesday, November 19, 2013, 22:47

The Mumbai police probing the Rs 5,600-crore payout scam involving the National Spot Exchange Ltd (NSEL), has attached all 166 properties of defaulters it has identified so far and is all set to attach immovable assets of NSEL directors, including Jignesh Shah and Joseph Massey, a senior police officer said Tuesday.

Jignesh Shah expresses "mixed emotions" about parting way with SMX

Last Updated: Tuesday, November 19, 2013, 15:54

The Financial Technologies India Ltd (FTIL) Tuesday announced sale of the Singapore Merchantile Exchange (SMX) for USD 150 million to US-based InterContinentalExchange (ICE).

MCX Q2 net profit declines over three-fold to Rs 27.04 crore

Last Updated: Monday, November 11, 2013, 12:44

Leading commodity bourse MCX Monday reported over three-fold drop in its standalone net profit to Rs 27.04 crore in the second quarter of the current fiscal due to lower income and higher expenses.

NSEL crisis destroyed 'everything', says Shah as he quits MCX

Last Updated: Thursday, October 31, 2013, 19:12

Jignesh Shah, who is embroiled in the Rs 5,600-crore payment imbroglio at NSEL, Thursday resigned as Non-Executive Vice Chairman of MCX and said this crisis has destroyed "everything" he has worked for all his life.

NSEL member Mohan India agrees to pay Rs 771 cr in one year

Last Updated: Wednesday, October 30, 2013, 13:39

Crisis-ridden National Spot Exchange Ltd (NSEL) on Wednesday said its Delhi-based member Mohan India Ltd has agreed to pay to the exchange about Rs 771 crore in final settlement over the next one year.

NSEL investors file complaint against EY; auditor denies role

Last Updated: Monday, October 28, 2013, 23:41

When contacted, an EY spokesperson denied any wrongdoings.

'NSEL crisis exposes regulatory gaps in systemic institutions'

Last Updated: Monday, October 28, 2013, 21:02

NSEL, promoted by Jignesh Shah-led FTIL, is facing the problem of settling around Rs 5,600 crore dues.

MCX board approves appointment of 5 new directors

Last Updated: Wednesday, October 23, 2013, 13:05

The Multi Commodity Exchange of India on Wednesday said its board of directors has approved the appointment of two independent directors and three shareholder directors.

NSEL scam: HC slams FMC, govt for not owning up responsibility

Last Updated: Tuesday, October 22, 2013, 12:30

The High court has asked all three of them to submit a reply by Friday on who holds the regulatory authorities over NSEL.

Financial Tech, MCX rally up to 5.4% on board rejig

Last Updated: Thursday, October 10, 2013, 12:56

Shares of Financial Technologies India and Multi Commodity Exchange of India on Thursday gained up to 5.4 percent, after MCX Stock Exchange founder Jignesh Shah and its Managing Director Joseph Massey resigned from the bourse's board.

Jignesh Shah, Massey step down from MCX-SX board

Last Updated: Wednesday, October 9, 2013, 21:05

Jignesh Shah, the promoter of Financial Technologies India Ltd, on Wednesday resigned from the board of MCX Stock Exchange, amid continuing Rs 5,600 crore payment crisis at group company NSEL.

EOW arrests NSEL vice-president Amit Mukherjee

Last Updated: Wednesday, October 9, 2013, 19:51

In the first arrest in the more than two-months old case, Amit Mukherjee, vice-president at NSEL's business development department, was called for questioning and subsequently placed under arrest for his role in the scam.