N Sundaresha Subramanian
 "N Sundaresha Subramanian")
N Sundaresha Subramanian
Page 37 - N Sundaresha Subramanian/workspace/business Standard Web/video
Now, NSEL's promoter plays hardball
Nafed, with less than 0.01% holding, owes Rs 94 cr to the bourse on cotton procurement
 "Now, NSEL's promoter plays hardball")
NSEL exhausted settlement fund to cover pay-in shortages by members
After the settlement guarantee fund was exhausted, the exchange started using its own resources to pay claims
 "NSEL exhausted settlement fund to cover pay-in shortages by members")
Why big brokers shun small retail
One of the arguements is that delivery trades in cash markets have gone down substantially
 "Why big brokers shun small retail")
FT group auditors run for cover after Mayaram panel's report
Panel said balance sheet of FY13 did not depict true and fair picture; Deloitte withdrawal followed report
 "FT group auditors run for cover after Mayaram panel's report")
Mohan India under ED scanner
Several entities that transacted with Delhi-based NSEL borrower have received income tax notices
 "Mohan India under ED scanner")
FMC to monitor trading systems
To do tech audit of MCX, others to weed out alleged malpractices by managements
 "FMC to monitor trading systems")
Institutions desert Financial Technologies stock
Reliance MF, Fidelity among sellers; 26 MFs, 46 FIIs exit as NSEL crisis takes a toll
 "Institutions desert Financial Technologies stock")
FMC unleashes slew of actions to shake up MCX functioning
Appoints 2 independent directors, clears appointment of IFCI's Tomar and Corporation Bank's Paramashivam as institutional shareholder directors, orders special audit by Grant Thornton
NSEL borrowers got 50:50 profit share
Agreement with Chandigarh-based LEAF shows sharing of profits, alternative financing options, secrecy clauses and more
 "NSEL borrowers got 50:50 profit share")
Returns that weren't cost NSEL Rs 1,700 cr
Exchange used new investors' money to pay returns to old ones, finds FMC's forensic audit
 "Returns that weren't cost NSEL Rs 1,700 cr")
NSEL not a life-threatening event for FT: Dewang Neralla
Interview with Co-Founder, Financial Technologies
 "NSEL not a life-threatening event for FT: Dewang Neralla")
Depts kept in the dark about each other
Stock shortfalls went unnoticed as systems were stand-alone, no data migration between different depts
 "Depts kept in the dark about each other")
The double-edged MCX-SX warrants
Convertible warrants to meet shareholding norms seemed a great idea; but, these left Shah and others vulnerable, if other shareholders turned hostile
 "The double-edged MCX-SX warrants")
NSEL admitted members without KYC documents
Forensic audit finds some members did not put in enough security deposit
 "NSEL admitted members without KYC documents")
MCX's board to get govt flavour
Bourse has asked IFCI, three public sector banks to nominate directors; HDFC Bank to get a board seat
 "MCX's board to get govt flavour")
NSEL investors seek liquidation of FT's foreign assets
Say setting up of numerous loss-making entities abroad against prudent business practices; FT says all entities regulated in each country, disclosures made