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ICAI begins scrutiny of FTIL, NSEL issues
New Delhi: With the auditors withdrawing their audit report on crisis-hit NSEL's promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the concerned stakeholders. "There are certain provisions in ...

‘Systematic failure’ in NSEL functioning: Mayaram panel
New Delhi: The high-level panel on alleged irregularities at NSEL Monday submitted to the Finance Minister its report which is believed to have pointed out certain 'minor systemic' failures in the functioning of the exchange. The report details long term ...
Government panel finds 'minor systemic failure' at NSEL
NEW DELHI: The high-level panel, headed by Economic Affairs Secretary Arvind Mayaram, has found "minor systemic" failure at the National Spot Exchange Ltd that is grappling with Rs 5,500 crore payment crisis. The final report is likely to be submitted ...
Govt may consider Sebi like regulations for commodities market
NEW DELHI: As a multi-agency probe continues into the Rs 5,600-crore payment crisis at National Spot Exchange Ltd (NSEL), the government may consider streamlining the norms for commodities and capital markets, regulated by FMC and Sebi, respectively, to plug potential regulatory ...
NSEL owes Rs 253 crore to Motilal Oswal group
New Delhi: Financial services provider, Motilal Oswal, Tuesday said the group has total exposure of Rs 253.92 crore as on date on crisis-ridden National Spot Exchange Ltd (NSEL). The company, in a BSE filing said, NSEL owes Rs 253.92 crore ...
Corp Affairs Ministry examining whether NSEL violated laws
Corporate Affairs Ministry is looking into whether the crisis-ridden National Spot Exchange violated company laws and would take action against the exchange if any wrongdoing is detected. "The two panels appointed by the finance ministry to probe NSEL crisis have ...
What is Forwards Markets Commission or FMC and its role?
Forwards Market Commission is an entity monitoring and regulating the operations and activities of commodities futures market in India. The institution with headquarters in Mumbai was set-up as a statutory body in the year 1953 as per the Forward Contracts ...
NSEL: ED submits report to finance ministry
New Delhi: The Enforcement Directorate in its status report submitted to the finance ministry on Thursday on alleged financial law violations by National Spot Exchange indicated that the crisis-ridden bourse may have violated money laundering laws and a few foreign exchange ...
NSEL crisis: SEBI tightens screws on MCX-SX
Mumbai: As the NSEL crisis continues to deepen, its group entity MCX Stock Exchange was asked by market regulator SEBI Wednesday to strengthen its governance structure to continue remaining a recognised bourse. While renewing MCX-SX recognition for a period of ...
MCX stocks recover from lows after NSEL crisis; up 84% in 2wks
Mumbai: Shares of Multi Commodity Exchange have surged over 84 percent over the past fortnight after suffering a massive fall that was triggered by the crisis at National Spot Exchange Ltd (NSEL). Both NSEL and MCX are promoted by  Jignesh Shah-led ...
Will honour commitments, assures NSEL
Mumbai: The troubled bourse National Spot Exchange Ltd (NSEL) Wednesday assured its investors that it will honour all commitments. NSEL, promoted by Jignesh Shah-led Financial Technologies (India) Ltd, is facing the problem of settling dues worth Rs 5,500 crore to ...
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