After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
Slew of resignations at NSEL over past month in the wake of scrutiny; MCX gaps caused by new-age norms for commexes.
A five-seven per cent agriculture growth in 2013-14 would mean farming might exceed the 12th Five-Year Plan annual growth target of four per cent, if the trend continues.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
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Cabinet likely to pave way for the 'super-rich' tax today.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
Might earn around Rs 3,720 crore on export of 2 mt of wheat, despite dipping prices in international markets
Brokers have only kept guarantees for which they have open positions.
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
Imports in July 2012 were 65 tonnes, said a bullion analyst.
Majority of 'Bimaru' states register faster fall in rural poverty, while pace mostly other way round for others
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According to an internal assessment of the food ministry, shared with chief ministers recently, Tamil Nadu, Kerala, Jammu & Kashmir and Himachal Pradesh will see a massive reduction in their annual grain allocation.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
Ratio trading in gold and silver prices is a trading tool.
Reaction to surge in applications, seemingly to hide identity as chit funds.
The flood-hit religious destinations of Kedarnath, Badrinath, Yamunotri and Gangotri, where rescue operations are underway, would again record heavy rains from Thursday, the India Meteorological Department said on Friday. It also predicted "rather heavy showers" in Hemkund Sahib, another religious destination hit by flash floods and heavy rains, from Wednesday.
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