The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
Traders said it is unusual that the grey market is active even after the issue subscription has closed. DLF grey-market shares were priced at Rs 525 per share.
Two mobile software technicians have been arrested in Delhi for allegedly receiving stolen mobile phones and unlocking them using sophisticated software tools for resale in the grey market. Police recovered 45 smartphones and equipment, linking some to theft cases across Delhi, Haryana, and Uttar Pradesh.
Delhi Police have arrested three individuals involved in a mobile phone snatching and disposal racket, primarily targeting iPhone users. The operation led to the recovery of 66 stolen mobile phones and exposed a network involved in selling stolen devices in grey markets.
Delhi Police have arrested three individuals involved in a mobile phone snatching and disposal racket, primarily targeting iPhone users. The operation led to the recovery of 66 stolen mobile phones and exposed a network involved in selling stolen devices in grey markets.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
The trading has come to a halt on speculations that the company's IPO is unlikely to hit the market by the second week of December.
The IPO grey market premium does not value a company accurately. You may burn your fingers.
Phones from the grey market can now land you in trouble as telecom operators have started informing subscribers that services to cellphones without a valid international mobile equipment identity number will soon be disconnected.
Operators in this unofficial market are offering an upfront sum of anywhere between Rs 5,300 and Rs 6,000 to retail investors, who will get shares in the offer at a 5 per cent discount to the issue price.
DRI officials apprehended a man in Warangal, Telangana, for attempting to sell two live red sand boas, a protected species under the Wildlife (Protection) Act, 1972.
According to dealers in the know, the Reliance Power IPO had generated deals worth Rs 2,500 crore (Rs 25 billion) in the grey market, of which nearly 90 per cent were settled till Wednesday. However, with the Reliance Power stock now struggling even to close above the Rs 350 level against the issue price of Rs 450 after three days of listing, some of the clients are refusing to pay, according to sources.
Describing India as a 'grey market' for gambling in cricket, former International Cricket Council chief Ehsan Mani urged the International Cricket Council to ask the Indian government to legalise betting.
The grey market operations in the Indian international telephony sector has been a worrisome norm resulting in losses of Rs 1,800 crore.
The recent restrictions on gold imports will encourage smuggling and grey markets activities in the country.
Grey market deals, which are viewed as a sign of market prosperity by investors, are done on the expectation that the shares will outperform the IPO process when they list on the market.
Police in Ahmedabad arrested a man en route to Mumbai and seized over 7 kg of methamphetamine, valued at Rs 14.16 crore, concealed in biscuit packets.
The Shree Ram Twistex IPO enters Day 3 with strong investor interest. Check latest GMP, subscription status, price band, company fundamentals, and expert review to decide whether to apply.
The Indian Army has ordered a high-level inquiry into reports that its personnel, including some generals, were selling non-service weapons in the grey market in Rajasthan.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
India's largest initial public offering (IPO), to be floated by Coal India Ltd, is generating enormous interest in the grey market. Investment bankers and stockbrokers that control this unregulated market are already trading CIL shares at a Rs 10-12 premium - even before the price band or issue date have been officially announced.
Made in India: A Titan Story chronicles the history of the homegrown watch brand Titan, highlighting its journey from challenging a conservative market to becoming a successful consumer brand, driven by the vision of Xerxes Desai and the mentorship of J R D Tata.
India's market landscape is undergoing significant shifts, with bank-backed brokerages potentially regaining dominance over discount platforms due to regulatory changes and increased taxes, while the IPO pipeline faces a slowdown amid heightened global volatility.
Expressing concerns over a fast-growing grey market in the financial sector, Sebi chief U K Sinha called for a single watchdog to regulate all entities collecting public money under various illegal means.
The Huawei MatePad Pro Max features a 13.2-inch flexible OLED PaperMatte display, runs on HarmonyOS 4.3 and boasts a 50 MP rear camera, making it a versatile device for productivity and entertainment.
History is rarely decided by who has the biggest weapons, but by who has the better process. The same rule applies to investing, says Ramalingam Kalirajan.
'...would obesity still be a global epidemic?'
'The first time India has seen two consecutive blockbuster IPO years.'
Saif Ali Khan may have delivered several iconic performances, but some of his fascinating roles still do not get the appreciation they truly deserve.
While iPhone 6 and iPhone 6 Plus are being sold at $199-499 (Rs 12,100-30,400) with a two-year contract in the US, buyers in India are purchasing these at the grey market for a whopping Rs 100,000-200,000.
Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.
The salaries of India's blue- and grey-collar workforce have increased by 23 per cent over the past two years, reflecting the growing demand and opportunities for the skilled workforce, a report said on Tuesday.
More than a third of 83 mainboard IPOs this year ended their debut sessions in the red, with losses of up to 35 per cent.
Sebi has proposed allowing depositories to mark such pledged shares as 'non-transferable' for the duration of the lock-in period, based on instructions from the issuer.
Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.
