Hinting at hard measures like further ban on exports to control rising prices, Finance Minister P Chidambaram has said inflation is also being stoked by cartel like behaviour in some sectors of Indian economy. Noting that soaring prices of rice and other basic food items are a matter of worry, Chindambaram said inflation is also being stoked by a mismatch of supply and demand and by cartel-like behaviour in some sectors of the economy. Export bans in steel were considered.
With crude oil flirting with the $100 a barrel mark, world's largest oil producer Saudi Arabia is emulating marketing savvy West to showcase oil cartel Organisation of Petroleum Exporting Countries in a new light when it organises the third OPEC Summit in Riyadh this week.
Scarlette Keeling's mother, Fiona, had last week expressed fears of threats to her life from the drug cartel as according to her, she had exposed the drug trade in the state. Fiona, who had initiated the struggle against the police system and subsequently exposed the police's lethargy in the probe in Scarlette's death, had written a letter to the police seeking protection.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
The prime focus of the hearing is to review the findings of International Institute for Strategic Studies about the Khan cartel
The consumer affairs ministry has assured the pepper and jeera traders that it would look into their demands.
If the fishermen were not allowed to fish in their traditional areas (Katchatheevu), they would be left with no other alternative except to commit suicide like distressed farmers, they said.
The rupee had shed 9 paise to end at 64.13 on Friday.
OPEC's move to cut output has pushed up oil prices. From here it could go either way: oil could reach $100/barrel or an analysis of demand and supply might follow, say Abheek Barua & Bidisha Ganguly.
Concerned over the sharp crash in the stock market, industry chamber Assocham on Monday sought a probe by the Reserve Bank of India and Securities and Exchange Board of India into the cataclysmic fall.
Drug trafficking has been on the rise in the capital and the Directorate of Revenue Intelligence and Narcotics Control Bureau have seized over 120 kg high quality heroin in the last two months itself.
Apart from this, state refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
De Beers, the diamond cartel continues to maintain its dominant position in the industry by using its numerous worldwide companies to buy up new sources of diamonds and to control distribution of industrial diamonds. Take the Rediff Business Quiz.
The authorities billed it as a rescue, but Mexican soccer player Alan Pulido escaped his kidnappers by punching the one guarding him, snatching a cellphone and calling for help, a top official in the country's violent northeast said.
FTIL stock on Thursday fell by over 60 per cent in early morning trade, while that of Multi Commodity Exchange plunged by 20 per cent following concerns about another group entity National Spot Exchange Ltd.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
Trump's move followed a rare show of bipartisanship on Thursday when legislators voted to fund large swaths of the government and avoid a repeat of the recent five-week government shutdown.
Contrary to expectations, global oil prices, which have touched a 21-year high, are unlikely to fall substantially even if oil producer cartel OPEC raises production, industry officials said on Thursday.
The Securities and Exchange Board of India on Tuesday asserted that the Indian financial markets were safe for investing and there was no payment crisis on the bourses.
The complaint was lodged by Mumbai-based Express Industry Council of India, which represented major express courier and cargo companies such as DTDC, Aramex India, Blue Dart, DHL Express, GATI and First Flight.
Bourses chiefs say, they are keeping a constant vigil to thwart any attempt to make undue gains through the markets.
India to urge OPEC to hike oil production
An insight into the flamboyant, violent lives of El Chapo's children
'My journey as an actor started to evolve when Web series started blowing out in a big way.' 'I lucked out because Inside Edge was one of the first big shows so that gave me a good platform, and led to more opportunities.' 'Web series have an ensemble star cast, and the characters are well written.' 'It's not only about a hero or a villain.'
Saudi Arabia's deep pockets and a strong financial system could help the country to ride out a low-price environment in order to protect its market share.
Markets regulator Sebi joined hands by banning any fresh futures market position in chana, the only commodity among pulses where such trading was allowed
India also called for crippling the illicit drug trade which provides financial sustenance to these terror outfits.
'A 2018 murder may lead to shifts in the geopolitical order and impact at least one monarchy,' says Devangshu Datta.
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