The NSEL scam, involving Rs 5,600 crore, came to light after the now defunct exchange, promoted by Financial Technologies, failed to pay its investors in commodity pair contracts after July 31,......
2014 was a mixed bag for India Inc, few made it, few slipped. An employee uses a computer mouse inside an office. Photograph: Kamal Kishore/ Reuters Sachin Bansal: India's e-tail poster boy For......
After ordering merger of crisis-hit NSEL with parent firm Financial Technologies to help affected investors get their dues, the government is starting a process to assess compensation amounts and......
The government has decided to merge National Spot Exchange Ltd, which is embroiled in a Rs 5,600-crore (Rs 56-billion) payment crisis, with its holding group Financial Technologies. The crisis-hit......
FTIL on Tuesday opposed the merger of scam-hit NSEL with itself as proposed by regulator FMC for speedy recovery of dues, saying that such a move would affect the Jignesh Shah-led company and......