Jignesh Shah, the promoter of National Spot Exchange Ltd (NSEL), and its former CEO Anjani Sinha on Friday traded charges in connection with the multi-crore payment crisis at the crippled bourse which has affected over 13,000 investors.
Department seeks investor database on the suspicion of fictitious investors.
In yet another setback to it, the National Spot Exchange Ltd on Monday saw non-executive chairman Shankarlal Guru and another director quit, blaming 'bad people' in the management team for the crisis at NSEL.
Few top honchos of India Inc did very well in 2014.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Hearing an appeal against the market regulator's denial of information sought through Right to Information Act, the Appellate Authority has ruled the process relating to grant of recognition of MCX-SX in 2008 has been completed.
Exchange used new investors' money to pay returns to old ones, finds FMC's forensic audit.
.jpg)
Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
FTIL prepares to challenge the order in the Bombay high court
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances