I’ve been getting a few questions about NSEL and its operations. Here’s my quick take. Aren’t NSEL’s contracts fair anyhow? So what if people wanted to ...
More NSEL News. Please bear with me, this is a very big event and can have mega-implications for all investors. Adani group stocks were beaten down today on ...
The Crisis of NSEL that has brought Financial Technologies crashing 80% is all because of a product that seems to have been actively advertised as a “safe” ...
The Forward Markets Commission has presented three gazette notifications that specifically rule out exchanges like NSEL from its jurisdiction. These are ...
Yet another auction devolves – the third in succession. (One, Two) This one saw Rs. 947 cr. that had to be absorbed by primary dealers. (Source) Every week, ...
Mutual funds owning FT stock are largely from the Reliance and Birla stable, it seems. Going purely from the shareholding on Jun 30 (the last we have) the ...
The NSEL problem gets more complicated. It’s now a case of borderline fraud, it seems. Remember the owner of the NSEL (National Spot Exchange), Financial ...
Financial Technologies (FT) lost over 1,600 cr. in market cap today. The impact will be felt by many, including many of us who indirectly own stakes through ...
Financial Technologies is down 60% in trade today. The company owns a good chunk of broker infrastructure products (such as ODIN) and stakes in three exchanges ...
July ends with a –1.7% return on the Nifty and it is the first time since 2001 that we have had a negative June followed by a negative July. This is not huge ...
