Financial Technologies’ (FTIL’s) consolidated operating income slumped to a fourth in the financial year 2014-15 since its spot commodities trading subsidiary National Spot Exchange Ltd (NSEL) shut down its operations.
Abbey Rodrigues, an Ahmedabad-based trading client of the scam-hit National Spot Exchange Ltd (NSEL), wants brokers to participate in the settlement offer made recently by the latter’s promoter, Financial Technologies India (FTIL), to clear the
Financial Technologies India (FTIL) founder Jignesh Shah, Multi Commodities Exchange-Stock Exchange's (MCX-SX) Joseph Massey and former National Spot Exchange (NSEL) Chief Executive Officer Anjani Sinha are among 68 persons named as accused in the
Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).
Share price of Financial Technologies (FTIL) surged 13.19% on Tuesday following news about its settlement proposal to the Ministry of Corporate Affairs (MCA) to avoid long drawn legal battle between FTIL’s defunct subsidiary National Spot Exchange
The Maharashtra government on Friday formally attached a bungalow (pictured) belonging to Jignesh Shah, promoter of Financial Technologies (India), or FTIL, in the Rs 5,600-crore National Spot Exchange (NSEL) scam. FTIL is a promoter of NSEL.
The Bombay High Court have on Tuesday dismissed a ‘notice of motion’ moved by Financial Technologies (India) Ltd, or FTIL, seeking an injunction on a proposed move by the ministry of corporate affairs (MCA) to supersede the FTIL board and
The high court here on Wednesday adjourned hearing till March 11 of the petition filed by Financial Technologies (FTIL) to stop the removal of its board of directors. The stay on this will continue till then.
Financial Technologies (India) is seeking legal advice on the order of the city police’s economic offences wing which restrains its use of asset sale proceeds for any purpose other than legal expenses and salaries of employees.
Financial technologies has indicated that it is exiting it mobile transaction and payment gateway company ATOM Technologies by selling 95% stake in it. ATOM is a subsidiary of FTIL forms 7-8 years back.