Kotak to buy 15% stake in MCX for Rs 459 cr

Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore (Rs 4. 59 billion) from Financial Technologies India (FTIL). The deal values MCX at Rs......

CBI begins probe against Jignesh Shah, ex-Sebi chief Bhave

They loved to hate each other at public forums not so long ago. In a case of sheer irony, former Securities & Exchange Board of India chairman C B Bhave and Financial Technologies India Ltd......

All eyes on Sebi after FMC's decision on FT

Following the Forward Markets Commission’s ruling declaring the Financial Technologies India Limited unfit to operate an exchange, the spotlight is now on the Securities and Exchange Board of......

FMC finds Jignesh Shah not fit to run any bourse

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......