National Spot Exchange (NSEL) Chairman Shankarlal Guru, whose son-in-law owns NK Proteins, a defaulter of Rs. 930 cr. to NSEL, has resigned saying “some bad ...
While NSEL paid out Just Rs. 92 cr. out of the Rs. 174 it was supposed to this Tuesday, it is going to be even worse next Tuesday. NSEL defaulters were ...
An alert reader of Capital Mind has called me out on my post that brokers could have been innocent. No chance, he says, and he explains: I was reading your ...
I’d noted yesterday that NSEL had received just Rs. 81 cr. of the 174 cr. it was supposed to pay out today. Turns out they didn’t get much more; they ended ...
On the eve of the first “payout” by the NSEL to its members, the other parties (“defaulters”) who agreed on a settlement program involving paying over ...
Kirit Somaiya (ex BJP MP) has found that the directors of Juggernaut Projects, one of the lenders to NSEL are peons at Motilal Oswal, earning Rs. 8000 per ...
A quick note to say I’m in the Trader’s Carnival 2013, and my talk is over. If you have any feedback please let me know. Will upload slides soon. In ...
Remember when NSEL had said that it owes brokers 5,600 crores, and out of that around 2,000 cr. was going to be paid immediately, while about 3,300 cr. would ...
The day before NSEL was supposed to make the first payment after it defaulted, the worst fears are now looking like reality. NSEL doesn’t have the stock in ...
Sundar at Business Standard reports that just four years ago, an exchange called SNX (SAFAL National Exchange of India Ltd) was shut down. It was co-promoted ...
