Jignesh Shah – An Inspiration for Many

Jignesh Shah is the man who has sailed 63 moons technologies Limited, earlier known as Financial Technologies (India) Limited, through its thick and thin to become one of the global leaders in creating and operating technology-centric financial exchanges for stocks, commodities, currencies, and bonds among other asset classes. Often called the Innovator of Modern Financial Markets,…

The Making of Jignesh Shah – The Innovator

An expert on market design, market structure, and architecture, Jignesh Shah was always an Innovator from within. He was always a go-getter, right from childhood. When he was just eight, he had made up his mind to do engineering, go abroad, and set up his own business. After completing his engineering, Shah could have easily…

MCX+NSEL : Taking the Indian commodity markets forward

The payment default at National Stock Exchange Limited has garnered a huge backlash among the Indian financial commodity market. The primary reason could be alleged that Defaulting Companies created discrepancies by making huge profits and personal gains, both domestic and overseas and it seems action is yet to be taken. The years of scrutiny on Jignesh Shah and…

NSEL Case : Impact of Executive High Handedness

Economic Affairs of our country have been disrupted owing to reasons ranging from retrospective taxes to corporate mergers. The messages sent across have been ranging from uncertainty to political inconsistency. While we need to have a predictable tax regime with more clarity and resolution in our policies, all of this would make sense only when…

Forced Merger not in “Public Interest”?

Instead of spending their resources efficiently in bringing the fraudsters to book, the government and its various agencies are hell-bent on forcing the merger of 63 moons with NSEL. “To say that public or national interest is involved is quite a stretch. It’s been over two years since the case was detected, and no systemic…