Ashish Rukhaiyar

Indian govt to pass final order on National Spot Exchange-Financial Technologies merger by year-end

The Bombay high court has granted time until 31 December to the ministry of corporate affairs (MCA) to pass the final order in the merger of the National Spot Exchange of India Ltd (NSEL) with Financial Technologies (India) Ltd (FTIL). The government had filed an affidavit on Thursday seeking an… Read more »

India: Capital markets regulator Sebi imposes $1b fine on PACL, directors

Capital market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of nearly Rs.7,269.50 crore on PACL Ltd and its directors for illegally collecting money through investment schemes without the requisite regulatory approvals. This is among the highest-ever penalties imposed by the capital market regulator on any… Read more »