The party also promised reservation to minorities on basis of their population after the caste census.
Wipro was the biggest gainer in the Sensex pack, rising 4.34 per cent, followed by HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India. Mahindra & Mahindra, ITC, Axis Bank, Nestle, Kotak Mahindra Bank and Asian Paints were among the laggards.
According to data released by the Sikkim commerce and industries department in Gangtok, utensils including copper bowls fetched a revenue of Rs 900,000 for Indian traders during four months of trade at the Renquinggang mart. Other products like black tea, textiles, woollen shawls, canned food, vegetable oils and cigarettes were in demand from importers.
While Justice Kant and Bhuyan delivered the majority verdict, Justice Datta dismissed Ansari's appeal against the Allahabad high court order.
Over seven months of violence severely hit businesses, schools, colleges and other institutions, besides disrupting transportation and communication networks. It also affected the agrarian sector, considered the mainstay of the state economy.
The men with guns tend to know little finance, and establishing such a conspiracy then involves leakage of information, which is also dangerous, Ajay Shah points out.
The traders' community in Thiruvananthapuram district has stepped up fight against the entry of big retail players into the state.
Diamond traders here are floating a company to facilitate direct procurement of rough diamonds from the mining countries.
No form or requisition slip is required for exchange of Rs 2,000 notes up to a limit of Rs 20,000 at a time as part of exercise to withdraw high-value currency notes from circulation. RBI on Friday in a surprise move announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock of demonetisation, when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender.
A 31-year-old staffer was arrested in the early hours of Thursday for causing a $2-billion loss to Swiss investment banking giant UBS on account of unauthorised trading at the bank's London office.
Heightened volatility and lacklustre returns continue to make a dent in retail participation in the equities cash market segment. The percentage of retail participation in the average daily turnover in the National Stock Exchange's (NSE's) cash segment has come down to 40.8 per cent in February 2023, from 52 per cent a year ago. At the peak, retail investors accounted for nearly two-thirds of cash market volumes in July 2020.
India's decision to ban the export of non-basmati white rice has pushed up global prices, prompting multilateral lending agencies, such as the International Monetary Fund (IMF), to call for a reconsideration of the move. Though nothing has been spelled out yet officially, sources said, the government might consider requests for government-to-government sale of non-basmati white rice, especially to West African nations where India is a major supplier. Also, traders and exporters of specialty regional rice varieties like sona masuri or gobindo bhog feel that they have been short-changed.
The strike call is against the imposition of local body tax and local panchayat tax that the Maharashtra government had imposed in lieu of Octroi.
Mishra was accused of sharing Pal's location from a Prayagraj court before the latter along with two policemen was shot dead on February 24.
Local station house officer Ashok Chakravarty said the decision to not offer namaz in public place was taken by the community itself after a meeting was held on Wednesday to maintain peace.
Day trading in stocks is a dangerous affair. Here are 10 rules that a first time stock market day trader must follow to avoid making losses.
The communication was clear, transparent and worded in a manner that did not induce any fear in the minds of the people, point out A K Bhattacharya.
Two Indian traders, who were held-up in China for several months over allegations of non-payment of dues to Chinese businessmen, have been sent back to India after intense diplomatic efforts.
Kejriwal (55) has been issued the summons under the Prevention of Money Laundering Act and according to the sources, the agency will record his statement once he deposes before the investigating officer of the case in Delhi.
India is all set to train a large number of cotton traders from African countries from Tuesday.
Traders in India, the world's largest gold consumer, were stocking up on the precious metal on Monday amid fears that a US-led war with Iraq was imminent and could push bullion prices higher, dealers said.\n\n\n\n
The government's decision to impose a 20 per cent export duty on parboiled rice and a $1,200 per tonne minimum export price (MEP) on basmati rice has pulled down overseas shipments of the former by almost 83 per cent and around 30 per cent of basmati exports in a month. Data sourced from various trade agencies and shippers showed that between August 25 and September 20, export of basmati rice has shrunk from 342,605 tonnes in 2022 to around 241,083 tonnes in 2023. Similarly, export of parboiled rice, after the imposition of 20 per cent duty during the same period, has dropped from 1.16 million tonnes in 2022 to just around 204,190 tonnes in 2023.
Ashish Goyal breaks new ground by becoming the first blind student in foremost finance school and first blind trader in the world.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
Unprecedented rains and floods in the northern region in the past few days have not only caused extensive damage to lives and property but have also impacted business and commercial establishments. Vegetable prices have gone through the roof in the national capital and many other parts of the country since rains started pouring earlier this month. Traders say vegetable prices would come down only after roads open and skies clear, even as water in the fields will take time to recede.
The total number of unique investors directly investing in the stock market has surged to 80 million for the first time, with the latest 10 million additions taking place in just eight months, according to data shared by the National Stock Exchange (NSE), the country's largest bourse. "The 80 million unique PAN (permanent account number) investors correspond approximately to around 50 million unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via NSE's extensive nationwide network of trading members," said the exchange. In 2021, the number of domestic households were pegged at 300 million.
Benchmark Brent oil futures prices more than halved between June 2014 and January 2015.
The Centre has asked traders and resellers of medical devices to register in an attempt to expand the ambit of regulating the medical devices industry in the country. The move can have far-reaching consequences for both consumers and traders alike as products like face masks or prophylactics - now sold through grocers and other channels - may face issues of availability. In a notification dated September 30, the union ministry of health and family welfare said anyone wanting to sell, stock, exhibit or offer for sale or distribute a medical device, including in-vitro diagnostic medical device, will need a certificate of registration.
'...similar to the 2008 global financial crisis, the 2012 taper tantrum, or the 2018 midcap crash.' 'This could lead to a substantial decline in activity and revenues for the broking industry.' 'When this will happen is uncertain, but as brokers, we must be prepared for such a downturn.'
The petition has prayed to the court to order the Authority not to remove unauthorised constructions in the city as large scale sealing and demolition shall cause hardships to people.
What should be made out of the Madras high court order involving non-Hindus' entry into Hindu temples, when many non-Hindus are among the hundreds of thousands that have been worshipping at these temples for generations, asks N Sathiya Moorthy.
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier. The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. The first Friday expiry will be on July 14, 2023. NSE dominates the derivatives segment.
The government on Thursday said the two Indian traders, who were mistreated in the Yiwu city of China, are now safe in Shanghai but their return to the country will have to wait till the litigation against them is completed.
To cut transaction costs for traders, the government has launched an online facility for issuing Importer-Exporter Code Number.
Banerjee said that traders would be hard hit by the Centre's decision on allowing FDI entry in retail.
A Chinese court has extended by two months the detention of 21 Indians, who were captured from the southern city of Shenzhen in January this year on charges of smuggling diamonds worth $7.3 million.
The Enforcement Directorate on Wednesday morning raided the premises of Aam Aadmi Party MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said.
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