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Man Wins Credit Card Court Case When Bank Didn’t Read What It Had Signed

Dimitry Agarkov hand-edited a credit card contract sent by a bank, and the bank accepted it.  After two years of overdue payments, the bank sued Agarkov, ...

HDFC Prudence Fund Buys MCX Shares, Only a Sneeze Worthy 9 Cr.

HDFC Prudence fund has bought Rs. 9 cr. worth shares of MCX, the commodity exchange that is run by Financial Technologies who also run the NSEL exchange where ...

NSEL Pledges Stock with ICICI, SEBI Tracks Brokers and MCX Ring-Fenced Away

Business Standard is doing some awesome research about NSEL.This is real journalism. Now, they find NSEL’s jeera warehouse with a notice saying the goods are ...

NSEL Payout To Prefer Small Investors, Can’t Even Trade E-Series Anymore

NSEL investors that put in 10 lakh rupees or less will get “preference” in the NSEL delayed settlement, says ET. Of the 13,000 investors, around 7,000 have ...

Capital Mind Quoted in the NSEL fiasco

It feels good when mainstream media quotes you, and even better if it’s twice in the same day! Here’s Sundaresha Subramanian at Business Standard on how ...

Jignesh Shah Has A Press Conference, Creates a Committee, Spends Seven Hours.

Jignesh Shah, promoter of FT which in turn manages NSEL, the exchange that has defaulted on settlement (*), has had a press conference. The important point ...

The NSEL Settlement Fund is just 60 Cr?

ET reports the story on the quasi-settlement and has a very disturbing data point: Adding to the sense of crisis, it has emerged that NSEL’s settlement ...

NSEL Has Settlement Options, But Leaves Much To Answer

In a press release, NSEL has now said that it’s got some options on the table to settle. After meeting with people who are supposed to have given back money ...

Will Pay Back in 20 Weeks: NSEL

NSEL might settle in five months, says Hindu BusinessLine. The embattled National Spot Exchange Ltd (NSEL) has agreed to settle Rs 5,400 crore due to over ...

The Deeper Questions on the NSEL crisis

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 ...