News for 'All India Traders'

Feline-y to purr-fection, Delhi police's cat-echism to Elon Musk breaks the net

Feline-y to purr-fection, Delhi police's cat-echism to Elon Musk breaks the net

Rediff.com2 Jun 2023

The Twitter owner on Thursday had posted: "Lil X just asked if there are police cats, since there are police dogs."

CBI to quiz Kejriwal on Sunday; Oppn unity on display

CBI to quiz Kejriwal on Sunday; Oppn unity on display

Rediff.com15 Apr 2023

As opposition leaders like the Congress president Mallikarjun Kharge and Janata Dal-United supremo and Bihar Chief Minister Nitish Kumar expressed solidarity with Kejriwal on Saturday and renewed calls to speed up opposition unity efforts to take on the BJP, officials said the CBI may ask the AAP chief about the policy formulation process, especially of the "untraceable" file which was earlier slated to be put before the Delhi Council of Ministers.

RSS's Panchjanya says Amazon is 'East India Company 2.0'

RSS's Panchjanya says Amazon is 'East India Company 2.0'

Rediff.com26 Sep 2021

In its latest edition, which will hit the stands on October 3, Panchjanya has carried a cover story that is highly critical of Amazon.

Review: The Song Of Scorpions: Masterly Irrfan

Review: The Song Of Scorpions: Masterly Irrfan

Rediff.com28 Apr 2023

The Song Of Scorpions is a reminder, if one were needed, that Irrfan was not just a star actor but a true artiste, observes Deepa Gahlot.

CEOs want strict safety norms, not lockdown to tackle Covid surge

CEOs want strict safety norms, not lockdown to tackle Covid surge

Rediff.com19 Apr 2021

Partial lockdown measures may impact movement of labour & goods, they say.

'Muslims from Nuh have escaped to Rajasthan'

'Muslims from Nuh have escaped to Rajasthan'

Rediff.com18 Aug 2023

'Not only are Muslim homes and shops being bulldozed, but the cops are filing random FIRs even against people who died two-three years ago, against those who have moved to neighbouring states since almost two years to work there.'

After Rahul, now BSP MP loses Lok Sabha membership

After Rahul, now BSP MP loses Lok Sabha membership

Rediff.com1 May 2023

The brothers were booked under the UP Gangsters Act in connection with the murder of the then BJP MLA from Ghazipur, Krishnanad Rai, on November 29, 2005 and the kidnapping-murder of Varanasi-based trader Nand Kishore Rungta in 1997.

Flipkart, Amazon's business practices to be probed

Flipkart, Amazon's business practices to be probed

Rediff.com13 Jan 2020

The order follows a complaint filed by Delhi Vyapar Mahasangh which accused the e-commerce firms of anti-competitive practices like preferential listing, exclusive tie-ups and private labels.

CBI arrests news channel executive over hawala deals linked to AAP's Goa campaign

CBI arrests news channel executive over hawala deals linked to AAP's Goa campaign

Rediff.com15 May 2023

The Central Bureau of Investigation has arrested the commercial head and production controller of India Ahead News in connection with a probe into the alleged Delhi excise scam, officials said Monday.

'Get-rich-quick' days over for crypto investors

'Get-rich-quick' days over for crypto investors

Rediff.com24 Jun 2022

A sharp fall in the price of Bitcoin and other cryptocurrencies is another hard blow to the already sinking cryptocurrency market in India. Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets. The recent past has seen a much sharper fall in the price of the leading cryptocurrency, Bitcoin.

World's biggest shutdown may cost India Rs 7-8 lakh cr

World's biggest shutdown may cost India Rs 7-8 lakh cr

Rediff.com13 Apr 2020

The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.

Shopping with loyalty or thinking like a trader?

Shopping with loyalty or thinking like a trader?

Rediff.com4 Dec 2013

Cash-and-carry stores try tricks, from playing Bollywood music to customising orders, to retain customers.

Sensex declines 51 points; Nifty settles flat

Sensex declines 51 points; Nifty settles flat

Rediff.com12 Dec 2022

The Sensex ended over 51 points lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Markets are awaiting the November inflation data to be announced later in the day, traders said. The 30-share BSE Sensex declined 51.10 points or 0.08 per cent to settle at 62,130.57. During the day, it tumbled 505.52 points or 0.81 per cent to 61,676.15. The broader NSE Nifty ended at 18,497.15, marginally higher by 0.55 points.

India on the cusp of a bear market: Experts

India on the cusp of a bear market: Experts

Rediff.com16 Mar 2022

The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook global financial markets in early 2022. And now the ongoing war between Russia and Ukraine has lifted commodity prices, with Brent crude oil hitting a 14-year high of $139 a barrel in intraday trade. All these developments have sent the equity markets across the world into a tailspin.

Coronavirus: India mulls imposing duties on Chinese imports

Coronavirus: India mulls imposing duties on Chinese imports

Rediff.com1 Mar 2020

The issue is set to be discussed early next week as the commerce department meets with industry bodies to discuss the widening supply gap for key imports.

From a trader to owner of the world's largest gold company

From a trader to owner of the world's largest gold company

Rediff.com13 Aug 2015

Mehta's export company is the largest integrated gold player in the world.

Farmers' stir: India's largest mandi faces huge losses

Farmers' stir: India's largest mandi faces huge losses

Rediff.com16 Dec 2020

"It is certainly affected. As you know the border is closed. The customers are coming in lesser number than before and so is the supply of goods into the market. There is a lack of supply and also a lack of buyers," vegetable wholesaler, Sumer Singh Saini told ANI when asked whether the business in the market is affected due to the agitation.

Sensex, Nifty end marginally lower

Sensex, Nifty end marginally lower

Rediff.com27 Sep 2022

Equity benchmark Sensex and Nifty ended marginally down on Tuesday tracking losses in metal, banking and financial stocks. Investors also remained concerned over persistent foreign fund outflows, traders said. Falling for the fifth consecutive session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52. Similarly, the NSE Nifty shed 8.90 points or 0.05 per cent to close at 17,007.40.

'BJP is getting damaged in the north by farmers' stir'

'BJP is getting damaged in the north by farmers' stir'

Rediff.com24 Jan 2021

If the protests have cemented the ties between the peasantry and the traders, the political implications for the BJP might become too serious to be disregarded because its core base was made up of the urban Khatri merchants.

'He comes out with so many novel ideas'

'He comes out with so many novel ideas'

Rediff.com21 Apr 2019

'The trading community will be a priority for Modi when he forms the next government.'

Most consumers still prefer to buy smartphones online

Most consumers still prefer to buy smartphones online

Rediff.com14 Nov 2019

Amid the protests against leading e-commerce firms, Flipkart and Amazon, shipments through the online route in fact witnessed a double-digit growth every quarter.

India stares at fuel shortage with spike in under-recovery at OMCs

India stares at fuel shortage with spike in under-recovery at OMCs

Rediff.com23 Jun 2022

As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit. The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources. Government and state-run companies denied reports of any crisis or supply-side issues on the availability of fuel.

Indian gold traders see no import duty cut in Bud

Indian gold traders see no import duty cut in Bud

Rediff.com24 Feb 2003

India, the world's largest gold consumer, is unlikely to announce a cut in customs duty on gold in its annual budget on Friday, despite demands by a leading industry body, traders said on Monday.

Metal stocks: Buying opportunity or a deeper fall?

Metal stocks: Buying opportunity or a deeper fall?

Rediff.com28 Mar 2023

Given wild swings, investors are wondering where the metal market is going. There was a strong uptrend in industrial metal through much of the last three years due to fears of supply chain issues - first due to Covid-19 and then due to the Ukraine War. That uptrend broke down as it became apparent that global growth would moderate as inflation rose and Western Europe (the EU plus the UK) went into a near-recession and China was in a rolling lockdown.

Walmart may now be dragged to court over Flipkart buy

Walmart may now be dragged to court over Flipkart buy

Rediff.com3 Jul 2018

In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.

Sensex pares early gains as IT stocks crack

Sensex pares early gains as IT stocks crack

Rediff.com9 Dec 2022

Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.

Why govt is importing about 10 lakh tonnes tur dal

Why govt is importing about 10 lakh tonnes tur dal

Rediff.com12 Jan 2023

Fearing likely shortage, the government on Thursday said it has made an advance plan to import about 10 lakh tonne higher quality of tur dal via private trade this year to meet the domestic requirement. The issue was discussed in a high-level meeting called by the cabinet secretary to review the prices of essential commodities, especially pulses and onions. Tur production is pegged lower at 3.89 million tonne in the 2022-23 crop year (July-June) from 4.34 million tonne in the previous year as per the initial projection made by the agriculture ministry. Tur is a kharif crop.

WazirX controversy bares crypto's trade secrets in India

WazirX controversy bares crypto's trade secrets in India

Rediff.com25 Aug 2022

A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.

Sensex pares early gains, ends own 188 points

Sensex pares early gains, ends own 188 points

Rediff.com29 Sep 2022

Benchmark indices failed to hold on to early gains and closed in the red for the seventh straight session on Thursday, with participants remaining in wait-and-watch mode ahead of the RBI's interest rate decision. Unabated selling by foreign funds added to the pressure, though a modest recovery in the rupee cushioned the fall, traders said. After rallying in early trade, the 30-share BSE Sensex came under selling pressure in the afternoon session and closed 188.32 points or 0.33 per cent lower at 56,409.96.

Moscow now wants biz in ruble, trade may take a hit

Moscow now wants biz in ruble, trade may take a hit

Rediff.com19 Sep 2022

Russian traders have started asking for payments in ruble for their exports to India in a move that could derail trade between the two countries which gathered pace after the war in Europe. This is because Indian importers are unable to pay in ruble. The India-Russia trade gathered pace after Vladimir Putin invaded Ukraine in February this year. In the April-June quarter, India's imports from Russia were valued at $9.27 billion, up 369 per cent year on year.

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Rediff.com7 Feb 2022

The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). A three-member bench on Monday directed to list Amazon's plea on February 14 to pass an interim order and stay the operations of the order passed by the Competition Commission of India (CCI) in December last year till it finally decides the matter. "The registry is directed to list on February 14 for hearing," said the NCLAT bench. The appellate tribunal also directed to list the appeals filed by the Confederation of All India Traders (CAIT) and All India Consumer Product Distributors Federation on the same date.

India's Q1 gold demand declines 18% to 135.5 tonnes

India's Q1 gold demand declines 18% to 135.5 tonnes

Rediff.com28 Apr 2022

India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council (WGC). The demand stood at 165.8 tonnes in the first three months of 2021. In terms of value, gold demand dropped 12 per cent to Rs 61,550 crore in the January-March period. It stood at Rs 69,720 crore in the year-ago period, the 'Gold Demand Trends Q1 2022' report released by the WGC said.

What Swami Vivekananda Thought Of Gau Rakshaks

What Swami Vivekananda Thought Of Gau Rakshaks

Rediff.com17 Jul 2023

The gau rakshak stated that the famine-stricken people were suffering because of their past karma and nothing could be done for them. The reply apparently infuriated Vivekananda, who told the gau rakshak bluntly that he had no sympathy to spare for societies which would not lift a finger to help human beings but wasted piles of food on birds and beasts. A fascinating excerpt from Govind Krishnan V's book, Vivekananda The Philosopher of Freedom.

'Country needs to show...': Rahul on why he started Bharat Jodo Yatra

'Country needs to show...': Rahul on why he started Bharat Jodo Yatra

Rediff.com11 Jan 2023

Gandhi rued that the fourth estate was showing Prime Minister Narendra Modi's face round-the-clock and not raising issues like unemployment or inflation.

Narrowest since July 2021: Sensex closes in on trading gap in April

Narrowest since July 2021: Sensex closes in on trading gap in April

Rediff.com11 May 2023

The gap between the highs and the lows in April for the benchmark S&P BSE Sensex was just 4.1 per cent - the narrowest since July 2021 and nearly half its three-year average. The absence of major positive triggers, sectoral rotation, and cautiousness due to earnings and economic uncertainty have kept a tight leash on the markets, observe experts. Remarkably enough, during the 17 trading sessions in April, the Sensex didn't even log an advance or a decline of more than 1 per cent.

Record high prices to weigh on demand for gold

Record high prices to weigh on demand for gold

Rediff.com29 Mar 2023

The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.

Adani says Mundra petchem work suspended as finances not tied-up yet

Adani says Mundra petchem work suspended as finances not tied-up yet

Rediff.com20 Mar 2023

Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."

Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts

Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts

Rediff.com11 May 2023

Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.

India adds 10,929 COVID-19 cases, 392 deaths

India adds 10,929 COVID-19 cases, 392 deaths

Rediff.com6 Nov 2021

The active cases comprise 0.43 per cent of the total infections, the lowest since March last year.

Rabi procurement starts slowly across North India

Rabi procurement starts slowly across North India

Rediff.com19 Apr 2020

In MP, farmers say sales under new 'Sauda Patrak' method below MSP; Haryana mustard farmers wait for their turn to sell. The annual purchases of major rabi crops in North India largely wheat, mustard and also chana to some extent have been delayed as most cereal mandis were closed in the aftermath of the nationwide coronavirus lockdown.