From July 2013 to September 2013 the Board at NSEL was trying to come to grips with the problem and understand the problem caused by the defaulters. By August 2013, NSEL filed its complaint against defaulters with the Economic Offences Wing (EOW). Later, the EOW registered the complaint of the trading clients. On December 13, […]
Injustice to Financial Technologies
It is surprising to note that Forward Markets Commission (FMC) never let NSEL management handle recovery and never partnered NSEL’s recovery effort. In fact, the FMC kept taking decisions to destabilize recovery and keep defaulters away from being the focal point. If the Department of Consumer Affairs (DCA) had accepted NSEL’s suggestion of orderly closure […]
Law Ministry Rejects MCA’s proposal to control FTIL
A proposal from the Ministry of Corporate Affairs (MCA)to summon legitimate procurements to take control of Financial Technologies India Ltd (FTIL) for ‘Deliberate bungling’ in National Spot Exchange Ltd (NSEL), has been rejected by the Ministry of Law and Justice. NSEL is an auxiliary unit of FTIL, which is under the investigation for Rs 5,500 crore […]
MCX’s new exchange offer bringing new opportunities to the marketers
Financial Technologies hit the nail right on the spot when they decided to benefit the potential brokers by promoting the MCX-SX decision to lower the charges of Financial Transactions to 50%. Jignesh Shah, CEO of FTIL on this arrangement stated to reporters at an event that the charges of the transaction they are offering are […]
Prime Minister of the Republic of Mauritius Officially Launches Global Board Of Trade Ltd
The Global Board of Trade Ltd (GBOT) is one of the first international multi-asset class exchanges formed in Mauritius. It was launched by the Guest of Honor, Dr. Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius. The event was held at the InterContinental Resort in Mauritius. Over 300 global leaders from countries like Europe, […]
FTIL-Content filtering is the solution for web traffic
The frequent use of collaborative tools for the purpose of social network marketing has given away for more security threats and the protection from these threats has become the topmost concern of every enterprise. FTIL established by Jignesh Shah, the King of Commodity market are dealing with this issue. According to Keshav Samant, the Head […]