All major markets, including the Bombay Stock Exchange, National Stock Exchange, foreign exchange, government securities, overnight call money, bullion and commodity are closed on Monday for the second phase of Lok Sabha
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Officials in the FMC said the regulator is planning to permit active role for the state marketing federations in commodity futures trading.
All the principal markets, including the Bombay Stock Exchange, the National Stock Exchange, the foreign exchange, money, and commodities marts will remain closed on Thursday, on account of Maharashtra Day holiday.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
NSEL, promoted by Jignesh Shah-led Financial Technologies (India) Ltd, is facing the problem of settling Rs 5,500 crore.
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
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Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.
Several major markets including the Bombay Stock Exchange, the National Stock Exchange, Foreign Exchange and the money market will remain closed on Tuesday, March 2 on account of 'Muharrum'.
In his first two years, Tyagi, a Himachal Pradesh cadre IAS officer, has implemented challenging stock market reforms and taken action against high-profile corporate entities.
The turnover of 23 commodity bourses rose by 49.38 per cent to Rs 9,04,686 crore (Rs 9,046.86 billion) in August this year despite low business recorded during the month at the leading exchanges, MCX and NMCE, according to the Forward Markets Commission.
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
Several markets, including the foreign exchange and all the commodity markets will remain closed on Thursday, March 30, on account of Gudi Padwa.
"The National Exchanges were directed on July 23 to ensure that multiple client codes are not given to a single client," Forward Markets Commission said. A separate sting or suffix may be provided after the unique client code to represent different characteristics and branches of the client, if any, it said, adding that these directions would come in force from January 2009.
The Bombay Stock Exchange, the National Stock Exchange, the interbank foreign exchange market and overnight call money/government securities market will remain closed on Wednesday.
Around two dozen flour mills with its maida supply dedicated to Nestle have stopped production.
The bourse had proposed to settle all dues amounting to Rs 5,574.31 crore (Rs 55.74 billion) in 30 weeks, according to a settlement schedule issued by NSEL on August 16.
In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
Select markets like the Bombay Stock Exchange, National Stock Exchange, Foreign Exchange and the Money Market will remain closed on Friday.
He also said the Forward Contracts (Regulation) Act would be amended to strengthen the regulatory framework of the commodity derivatives market.
Select markets like the Bombay Stock Exchange and the National Stock Exchange, the Foreign Exchange and the Money Market will remain closed on Monday, April 14 on account of Ambedkar Jayanti.
The majority of global equity trading and a significant proportion of trading in bonds, currencies, commodities and derivatives, is done on electronic platforms
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
The interbank foreign exchange, call money as well as major essential commodities markets like sugar, edible oils, cotton, metals and bullion will remain officially closed on Wednesday on the occasion of Gudi Padwa.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Select leading markets like Bombay Stock Exchange, National Stock Exchange, forex and money market will remain closed on December 25, on account of Christmas.
USEIL, promoted by 11 banks, MMTC, and a large brokerage firm Jaypee Capital has received in princial approval from Sebi for commencing contracts in currency derivatives.
NSEL, has up to Rs 500 crore (Rs 5 billion) daily turnover in e-golds.
The President talked about demonetisation, electoral reforms and disruptions in Parliament.
The decision is a part of a surveillance review.
The government on Tuesday said it is keeping a close watch on the developments in the crisis-ridden NSEL and will take action once reports of the two committees looking into the problems of the exchange are received.
Despite the low prices, commodities are risky investments
'India is a pharma dada. We can manufacture enough for our people and for the world.'
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
Prime Minister Narendra Modi on Saturday released Rs 20,946 crore to 10.09 crore farmers across India as the 10th installment of financial aid under the PM-KISAN scheme and said there was a need for innovation in agriculture along with promotion of natural farming. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of Rs 6,000 per year is provided to the eligible farmer families, payable in three equal installments of Rs 2,000. The PM-KISAN scheme was announced in the February 2019 Budget.
Reliance Retail's shareholders will get one share of its listed parent, Reliance Industries, in exchange for every four shares, according to the scheme of arrangement.
Prime Minister Narendra Modi and French President Emmanuel Macron held extensive discussions on a range of bilateral and pressing global issues, including the raging conflict in Ukraine, the situation in the Indo-Pacific and terrorism, as the two top leaders agreed on a blueprint to work together in making the India-France strategic partnership a force for global good.
The aggrieved investors of National Spot Exchange (NSEL) have moved the Securities and Exchange Board of India (Sebi) against Financial Technologies (FTIL), the listed promoter.
