Jignesh ShahIn a major respite for employees of Financial Technologies (India) (FTIL), the Bombay High Court on Monday ordered the release of money needed for salary and other statutory expenses from FTIL’s bank accounts that had been attached by
Amid fears of delay in salary disbursement, employees of Financial Technologies (India) Ltd (FTIL) presented a memorandum to the officials of the Economic Offences Wing of Mumbai police on Tuesday seeking continuation of salary disbursement by the
Jignesh ShahThe Enforcement Directorate (ED) has summoned five present and former board members of Financial Technologies India (FTIL) for questioning in connection with the National Spot Exchange (NSEL) money laundering case.
The shares of Financial Technologies India (FTIL) dropped as much as 18 per cent on Wednesday after the economic offences wing (EoW) of Mumbai Police attached the company’s immovable assets worth Rs 2,000 crore in connection with the National Spot
Financial Technologies (India) has slipped 18% to Rs 70.20, also its 52-week low on the BSE in intra-day trade on the back of heavy volumes after the company said that the Mumbai police has secured assets of the company.
The Economic Offences Wing (EOW) of the Mumbai Police on Tuesday ‘secured’ Rs 2,000 crore worth of real estate and financial assets of Financial Technologies (India), or FTIL - the parent company of the National Spot Exchange (NSEL) - for
The trial court in the National Spot Exchange (NSEL) payments default scam remanded Jignesh Shah, founder of Financial Technologies India (FTIL, erstwhile promoter of NSEL) to custody of the Enforcement Directorate till Monday.
The principle bench of the Company Law Board (CLB) on Monday heard Financial Technologies (India) Ltd’s (FTIL) plea for modification of its interim order on managerial mismanagement of the National Spot Exchange Limited (NSEL) scam.
The Bombay High Court on Tuesday extended the stay to the implementation of the merger between National Spot Exchange (NSEL) and Financial Technologies India (FTIL) till March 31. The court had earlier granted two week’s time for the effectiveness
Shares of Financial Technologies were up nearly 2% at Rs 115.50 on the Bombay Stock Exchange after the company said it has concluded the sale of 11% equity stake in Indian Energy Exchange Ltd on fully diluted basis.
Less than a week after the merger into itself of the Forward Markets Commission (FMC), the Securities and Exchange Board of India (Sebi) has told the Union finance ministry it will not do any new investigation into the National Spot Exchange (NSEL) scam,
On the day Financial Technologies (FTIL) was holding its annual general meeting (AGM), the Bombay High Court restrained the company from distributing a dividend to its shareholders or to pay higher remuneration to key personnel, pending the hearing of a