News for 'National Board of Trade'

CBI shuts case against firm founded by former Mumbai top cop

CBI shuts case against firm founded by former Mumbai top cop

Rediff.com29 Aug 2023

In its closure report submitted before a special CBI court New Delhi, the agency is understood to have said it did not find enough evidence to prosecute the accused.

Amid Annamalai buzz, DMK, AIADMK fight hard

Amid Annamalai buzz, DMK, AIADMK fight hard

Rediff.com17 Apr 2024

BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.

Centre Assesses Threats As Sea Piracy Surges

Centre Assesses Threats As Sea Piracy Surges

Rediff.com29 Dec 2023

'Due to the Israel-Hamas conflict, a faction operating in the Red Sea -- which is a typically safe area - has been firing projectiles arbitrarily.' 'Additionally, there have been two incidents involving Somali pirates, and one vessel has been hijacked.'

Mahatma Gandhi was 'quite a complicated being': Union minister

Mahatma Gandhi was 'quite a complicated being': Union minister

Rediff.com19 Oct 2023

Puri said that Gandhi's "initial life" in the UK, his education prepared him for an "English-style barrister".

India, US, 12 other IPEF members ink pact

India, US, 12 other IPEF members ink pact

Rediff.com15 Nov 2023

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.

Brokers, investors come under scanner for fraudulent trades

Brokers, investors come under scanner for fraudulent trades

Rediff.com5 Dec 2019

This was a fresh probe based on the inspection of certain derivative contracts both on the BSE and NSE.

Meet IAF's Women Agniveers

Meet IAF's Women Agniveers

Rediff.com7 Mar 2024

'Training was incredible and thrilling, be it firing weapons, drill or 10 km runs and push-ups. It gave us unforgettable memories and inculcated soldier like qualities.'

Worsening Canada-India diplomatic ties may take a toll on FPI flows

Worsening Canada-India diplomatic ties may take a toll on FPI flows

Rediff.com27 Sep 2023

Deteriorating ties between India and Canada could have a bearing on flows into the domestic capital markets. At present, Canada is the seventh largest country for foreign portfolio investor (FPI) flows into India. According to the National Securities Depository Ltd (NSDL), the assets under custody (AUC) of FPIs domiciled in Canada stood at nearly Rs 1.8 trillion ($21 billion) at the end of August. Almost 85 per cent of these investments are in listed equity, while the remaining in debt and hybrid instruments.

'US-India relationship is not only about trade'

'US-India relationship is not only about trade'

Rediff.com17 Oct 2017

'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'

'This Election Captures The Evolution Of India From 2014 To 2024'

'This Election Captures The Evolution Of India From 2014 To 2024'

Rediff.com4 May 2024

'2019 was fought on delivery. But in 2024, you can see the before and after effects.'

Wanted! A National Security Strategy

Wanted! A National Security Strategy

Rediff.com31 May 2021

India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).

Balasore impact: Railways to fill posts in safety category via special drive

Balasore impact: Railways to fill posts in safety category via special drive

Rediff.com12 Jun 2023

The order said that zonal railways should have by now assessed their vacancies and planned for filling them up as per their fresh selection calendars.

NSE defers decision to induct brokers on board

NSE defers decision to induct brokers on board

Rediff.com11 May 2011

Despite changes in rules, the exchange is not in a hurry

Dark-fibre case: Sebi penalty against NSE quashed

Dark-fibre case: Sebi penalty against NSE quashed

Rediff.com14 Dec 2023

The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.

How did investors miss Byju's numerous red flags?

How did investors miss Byju's numerous red flags?

Rediff.com18 Mar 2024

Byju's is set to go the way of Housing.com and Zilingo. It is only a matter of time. Indeed, the coup attempted by investors will ensure that, says Debashis Basu.

NSE withdraws plan to move Nifty Bank derivative contracts to Friday

NSE withdraws plan to move Nifty Bank derivative contracts to Friday

Rediff.com28 Jun 2023

The National Stock Exchange (NSE) has withdrawn its decision to change the expiry day for Bank Nifty derivatives contracts from Thursday to Friday. The move follows a "request" from the BSE, which settles its Sensex and Bankex derivatives contracts on Friday. The proposed change in Bank Nifty settlement was scheduled to be effective from July 6 with the first weekly expiry on July 14.

NCDEX, Skymet takes initial steps towards tradeable weather index

NCDEX, Skymet takes initial steps towards tradeable weather index

Rediff.com22 Aug 2023

India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.

Will Bull Run In PSU Banks Continue?

Will Bull Run In PSU Banks Continue?

Rediff.com6 Mar 2024

>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.

Sony agrees to discuss extending Dec 21 deadline for merger, says ZEEL

Sony agrees to discuss extending Dec 21 deadline for merger, says ZEEL

Rediff.com20 Dec 2023

Zee Entertainment Enterprises Ltd on Wednesday said Culver Max Entertainment, formerly known as Sony Pictures Networks India, has agreed to discuss extending the date required to make their merger scheme effective, a day ahead of the deadline. A day after Sony Pictures Networks India (SPNI) stated that it has not yet agreed to a deadline extension requested by Zee Entertainment Enterprises Ltd (ZEEL) for their proposed $10-billion merger, the Subhash Chandra family-promoted media firm said it has received a communication from Sony group for discussing an extension of the deal which was announced almost two years ago.

Tax devolution to states seen at 32%, but lags 15th FC advice

Tax devolution to states seen at 32%, but lags 15th FC advice

Rediff.com2 Feb 2024

The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.

Pragati Maidan: A Walk In Time

Pragati Maidan: A Walk In Time

Rediff.com12 Aug 2023

'A microcosm of India, inclusive and welcoming'. For years, Pragati Maidan was the centre of Delhi's social life.

Sebi chairman against brokers on NSE board

Sebi chairman against brokers on NSE board

Rediff.com16 May 2011

Regulator proposes mutual fund model for infrastructure debt funds.

Sebi issues Rs 5.35-cr demand notice to Mehul Choksi

Sebi issues Rs 5.35-cr demand notice to Mehul Choksi

Rediff.com18 May 2023

Sebi on Thursday sent a notice to fugitive businessman Mehul Choksi asking him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems Ltd and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days. The demand notice came after Choksi failed to pay a fine imposed on him by the Securities and Exchange Board of India (Sebi). Choksi, who was the chairman and managing director as well as part of promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi.

Now, Sebi does not want RBI on its board

Now, Sebi does not want RBI on its board

Rediff.com28 Feb 2019

Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".

Colocation case: NSE receives Rs 300 crore from Sebi

Colocation case: NSE receives Rs 300 crore from Sebi

Rediff.com24 May 2023

The National Stock Exchange (NSE) has received Rs 300 crore from the Securities and Exchange Board of India (Sebi) following relief from the Supreme Court (SC), which is hearing an appeal by the market regulator in the colocation case. The court on March 20 asked Sebi to return Rs 300 crore to the NSE from the Rs 1,107 crore the exchange had deposited as part of the disgorgement in the case. The NSE had given an undertaking that it will return the entire amount to Sebi if the latter wins its appeal before the SC.

Equity market valuation rises as US bond yields ease

Equity market valuation rises as US bond yields ease

Rediff.com18 Dec 2023

The Indian equity market valuation has been moving in tandem with the US 10-year treasury yield. While the benchmark US bond yield has witnessed a nearly 70 basis point decline since the end of October this year, dropping from 4.93 per cent to 4.23 per cent on Friday, the Sensex earnings yield has slipped by nearly 45 basis points - from 4.5 per cent to 4.05 per cent. Previously, Indian equities' earnings yields rose in sync with the US bond yields.

Discount vs traditional brokers: Cost dynamics, challenges ahead

Discount vs traditional brokers: Cost dynamics, challenges ahead

Rediff.com9 Oct 2023

The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Rediff.com1 Feb 2024

The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.

What Works For Startups? VC Or Bootstrap?

What Works For Startups? VC Or Bootstrap?

Rediff.com10 Nov 2023

Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha.

Online gold trading will soon be a reality

Online gold trading will soon be a reality

Rediff.com6 Feb 2018

BSE proposes two models for making gold trading and investment transparent

SC verdict on Adani 'extraordinarily generous': Cong

SC verdict on Adani 'extraordinarily generous': Cong

Rediff.com3 Jan 2024

The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.

Fund managers find comfort in largecaps as Sensex tops 70K

Fund managers find comfort in largecaps as Sensex tops 70K

Rediff.com19 Dec 2023

Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year's low of 20.5 times. The valuation expansion in the broader markets has been sharper.

Tracing the journey of auto industry pioneer Keshub Mahindra

Tracing the journey of auto industry pioneer Keshub Mahindra

Rediff.com12 Apr 2023

Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.

CBI gets sanction to prosecute Chitra Ramkrishna

CBI gets sanction to prosecute Chitra Ramkrishna

Rediff.com13 Feb 2023

Leading stock exchange NSE's board has given its approval to the Central Bureau of Investigation (CBI) to prosecute its former MD and CEO Chitra Ramkrishna in the co-location scam case, sources said on Monday. The CBI was awaiting the go-ahead of the board of National Stock Exchange of India (NSE) to prosecute Ramkrishna following her arrest in March last year. She was arrested in the co-location scam nearly four years after an FIR was registered by the agency in May 2018.

Stock trading on mobile phones? Soon

Stock trading on mobile phones? Soon

Rediff.com20 Jan 2010

NSE chief says they're ready; positive feedback to Sebi draft.

Sharad Pawar's MLA grand-nephew's firm gets MPCB notice for partial shutdown

Sharad Pawar's MLA grand-nephew's firm gets MPCB notice for partial shutdown

Rediff.com28 Sep 2023

Baramati Agro works in the fields of animal and poultry feed manufacturing, sugar and ethanol manufacturing, co-generation of power, trading of agri-commodities, fruits and vegetables and dairy products.

How Modi, Xi can tackle the worrying trade deficit

How Modi, Xi can tackle the worrying trade deficit

Rediff.com11 Oct 2019

'Since the bilateral deficit is a reality -- and a worry -- we need to find a way to deal with it,' says Ravi Bhoothalingam.

MFs step up buying as FPI flows thin out

MFs step up buying as FPI flows thin out

Rediff.com17 Aug 2023

Mutual funds (MFs) have stepped up equity purchases after staying on the fence for over two months. Their net equity investments reached a four-month high of Rs 7,700 crore in July, rising for the fourth consecutive month after withdrawing a net of Rs 5,100 crore in April 2023. This trend continued in August, with net investments of Rs 3,400 crore in the first three trading sessions, according to data from the Securities and Exchange Board of India.

Tax portal 2.0 to integrate with bourses to track trade transactions

Tax portal 2.0 to integrate with bourses to track trade transactions

Rediff.com8 Sep 2021

The income-tax (I-T) department is working on integrating the new e-filing portal with stock exchanges to help tax authorities track trade transactions, including futures and options. The integrated system will look at discrepancies between the data disclosed by an assessee and match it with data fetched from stock exchanges, using artificial intelligence, said two officials in the know. This will help detect and red-flag such matters, particularly those related to non-filers of income-tax return (ITR).

Rupee surges 48 paise Vs dollar in early trade

Rupee surges 48 paise Vs dollar in early trade

Rediff.com9 Jul 2013

Forex dealers said besides heavy selling of the American currency by banks and exporters, a higher opening in the domestic stock market, supported the rupee.