In a landmark move, India may allow its expatriates to trade in commodities. The decision is aimed at expanding the country's $750-billion futures market.
The Central Information Commission has directed the Securities and Exchange Board of India to make public names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007.
The BJP, the petitioner in the case, has sought Soren's disqualification under Section 9A of the Representation of the People Act, 1951 -- which deals with disqualification for government contracts -- for allegedly extending a mining lease to himself.
The term of the committee that the Manmohan Singh government has set up to study the impact of futures trading in agricultural commodities on price rise is being extended.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
The government is at a "fairly advanced stage" of finalising a well-coordinated e-commerce policy and consumer protection rules, which will incorporate provisions of Open Network for Digital Commerce (ONDC), Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. "E-commerce rules and e-commerce policy will be congruent with each other... That exercise is at a fairly advanced stage," Singh told reporters. The remarks come on a day the number of daily transactions on the platform has gone up 500 times since the beginning of this year with the number of retail merchants added to its roster growing 40-fold.
"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.
UBS said on Wednesday it will pay $1.2 billion to the U.S. Department of Justice and the Commodity Futures Trading Commission, 160 million pounds ($260 million) to Britain's Financial Services Authority (FSA) and 59 million Swiss francs ($65 million) to Swiss regulator Finma.
The complaint has been received against these online trading entities weeks after an uproar over Flipkart's massive discount sale which had raised concerns of anti-competitive practices.
The country opened its airspace for all flights except for New Delhi, Bangkok and Kuala Lumpur on March 27.
TRS president and Telangana Chief Minister K Chandrasekhar Rao is expected to announce the new name for the party on Wednesday, considered auspicious in view of Vijayadasami.
Renowned women's rights activist and founder of the Self Employed Women's Association (SEWA) Ela Bhatt passed away in Ahmedabad on Wednesday due to age-related ailments, her associates said.
At the request of the Federal Trade Commission, a US District Court Judge ordered a halt to six alleged tech support scams pending further hearings, and has frozen their assets.
Sunil Bhalla, a senior executive with Polycom, along with three others was named in fresh charges filed by the US Securities and Exchange Commission on Monday.
The US said on Friday that it was keen on forging closer trade ties with India and more investment flow between the two countries.
'The Constitution of India is a stumbling block. So, they want a Presidential mode of election.' 'This is the sole purpose of the BJP to go for one nation, one election.'
Swiss building material major Holcim has said its $6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding). "So, according to our analysis, it is a tax-free transaction," Holcim CEO Jan Jenisch said while addressing investors after the deal on Monday." When asked about the tax implications, he said: "Never know if any complication arises, but we assume that we will get the 6.4 billion Swiss Francs as net proceeds." As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion ($6.38 billion).
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
A call centre's workers in Gujarat posed as US law enforcement officials and made nearly 8.5 million threatening calls in just eight months to consumers in America, US federal authorities have claimed.
A call centre's workers in Gujarat posed as United States law enforcement officials and made nearly 8.5 million threatening calls in just eight months to consumers in America, US federal authorities have claimed.
This is first of its kind case that has come to light in the US wherein call centres in India have been used to make fake debt collection calls to the US.
The decision of the US regulator not to allow financial institutions any further increase in their exposure to commodity futures leaves a question mark on the proposal to allow MFs and banks to trade in commodity futures in India. In India if mutual funds, banks, NRI's and Foreign Institutional Investors (FIIs) are allowed there should be limits fixed by the regulator regarding exposure to commodities. The price discovery function can happen only if there is liquidity.
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market with greater freedom for all players would be in total sync with principles of free competition rather than the 'walled garden' approach of the internet major. On October 20 last year, the CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices.
India on Monday offered its assistance to Vietnam in developing its petroleum, trade, information and technology and atomic energy sectors, as the two countries for the first time adopted an action plan for 2004-2006.
Indian futures market may have lost business worth Rs 8,00,000 crore (Rs 8,000 billion) due to ban in forward trading of eight commodities such as wheat, rice and pulses.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
The move comes from the Finnish mobile phone maker days after the US International Trade Commission made the initial determination that Apple did not violate some other patents held by Nokia.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
The order that was passed less than a week ahead of the first phase of polls scheduled on October 10 throws a spanner in the election process.
Bangladeshi Prime Minister Sheikh Hasina arrived in New Delhi on Monday on a four-day visit to hold talks with his Indian counterpart Narendra Modi following which the two sides are likely to ink pacts in key areas, including defence, trade and river water sharing.
India and Italy on Monday agreed to step up trade flows and explore enhanced cooperation in textile clusters and design.
Global soft drink giant Coca-Cola has made a pre-merger filing with the US anti-trust regulators regarding a possible acquisition of energy drink maker Glaceau, in which India's Tata Group holds a 30 per cent stake.
With an ambitious target to more than double their bilateral trade to $200 billion in the next four years, India and EU hoped on Friday they can resolve differences and reach a free trade agreement within a year.
European Union trade commissioner Pascal Lamy will visit India next month to discuss issues involved in Indo-EU trade relations.
The Electronic Privacy Information Centre, an advocacy group, last week filed a complaint against Facebook and asked the FTC to investigate recent changes made by the company that make more information public by default and automatically share information with other websites.
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