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On 5 June 2007, NSEL was approved as a Spot Exchange by Department of Consumer Affairs (DCA). National Spot Exchange Limited (NSEL), commenced live trading on October 15, 2008, and was the first commodity spot exchange of the country.
The National Spot Exchange Limited (NSEL) is India's first spot exchange under the ownership of 63 Moons Technologies. It was established in view of the then Prime Minister's vision to create a "single market" across the country for both manufactured and agricultural produce.
The co-location scandal came to light when the NSE filed a defamation suit on 21 July 2015, claiming damages of ₹1 billion in the Bombay High Court against Moneylife, to stop the publication and circulation of the article. However, the court dismissed the case and asked the NSE to pay ₹150,000 each to journalists Debashis Basu and Sucheta ...
A scandal is "loss of or damage to reputation caused by actual, accused, or apparent violation of morality or propriety." [7] Scandal is not the same as controversy or unpopularity. Misunderstandings, breaches of ethics, and cover-ups may result in scandals, depending on the amount of publicity generated and the seriousness of the alleged behavior.
Adani Group scandal: In January 2023, Hindenburg Research revealed that it had short positions in India's Adani Group, alleged to be a close ally of Narendra Modi's administration, [97] and flagged debt and accounting concerns. Concurrently, Hindenburg released a report claiming that Indian conglomerate Adani Group "has engaged in a brazen ...
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The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange.The scam caused significant disruption to the stock market of India, defrauding investors of over fifteen million USD.
The Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the Punjab National Bank at its Brady House branch in Fort, Mumbai; making Punjab National Bank liable for the amount. [1]