MCX said it has no exposure to crisis-hit NSEL, which has to settle dues worth Rs 5,600 crore to investors after it suspended trading.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
Union minister Jairam Ramesh on Tuesday attacked the Central Bureau of Investigation for initiating preliminary enquiry against ex-SEBI chairman C B Bhave and ex-member K M Abraham on the issue of granting sanction to MCX Stock Exchange, and alleged that "larger forces" were working to fix them.
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
Economic Offences wing of Mumbai Police, which is probing the case, told the court that the investigating agency intended to file chargesheet against Shah and others on or before August 4.
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Banking as we know it will stand on its head in the next 10 years.
Private equity and VC investments declined by 50 per cent. E-commerce deals lowest in value, volume in over 24 months. T E Narasimhan decodes the new EY report.
The application makes it easy for IBM partners and clients like Polaris to build an entirely new class of cloud-based social business apps.
There's little interest in seed funding now as investors are finding it a risky proposition.
Shah is likely to be released later on Friday evening or Saturday after completing the formalities.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Short-term loans from NBFCs can be more convenient but come at higher cost
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
Financials and auto stocks were the top losers while energy and IT shares recovered
Here's what borrowers must pay attention to before going for such medical loans.
Capital markets regulator Sebi Chairman U K Sinha advocated the listing of bourses and greater competition among exchanges.
The investors write to new finance minister; say refunds, not arrests, their priority.
While start-ups are making it easier to borrow, one needs to choose carefully.
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The exchanges have observed significant price and volume movement in the scrips of MCX in the recent past.
Earlier this month, the CBI registered a Preliminary Enquiry against former Sebi Chairman C B Bhave and ex-member K M Abraham, as also against Jignesh Shah-founded FTIL and MCX, among others.
Making a weak opening, shares of FTIL further tanked 45 per cent to Rs 105.5 -- its fresh 52-week low on the BSE.
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 beneficiary" in the NSEL scam.
The NSEL chief said the exchange is also seeking the help of the Delhi government.
In the interview to Business Standard last week, Chary had stated that the government's proposal to merge was unwarranted and that FTIL shareholders did not benefit from higher dividends from NSEL.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
The FMC had warned MCX that it would not renew contracts, allow new contracts and eventually take away the licence to run the bourse if the commodity exchange does not comply with regulatory norms.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Reliance Capital, the financial services arm of Anil Ambani-led Reliance Group, has also listed several other concerns with regard to MXC deal.
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
In the first arrest in the NSEL's Rs 5,600 crore (Rs 56 billion) payout scam, a top official of the beleaguered spot commodity bourse, which defaulted on its payment for the eighth time in a row yesterday, was held on Wednesday by Mumbai police's Economic Offence Wing (EOW).
"We are committed to building a new India. We have to do this as early as possible," he said.
NSEL, promoted by Jignesh Shah-led Financial Technologies (India) Ltd, is facing the problem of settling Rs 5,500 crore.
On Tuesday, it stopped trading in e-series contracts in gold in anticipation of the notification to this effect.
Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities
In 5 years, prices for keywords on Google's AdWords platform have gone up three to five times. Alnoor Peermohamed reports.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
The company's accounts were audited by CAG as its shareholders include public sector banks.
The FMC on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.
In March 2014, Nilekani quit UIDAI to try his luck in politics.
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