A 40-year-old iron trader in Kanpur, India, allegedly died by suicide due to mounting financial losses in his business. Police are investigating the circumstances surrounding his death.
Arunachal Pradesh Police have arrested a man from Assam for allegedly defrauding a woman by posing as a retailer offering iron rods at unusually low prices online. The police urge the public to be cautious of online scams and report them immediately.
The movement has taken the shape of an unusual reverse migration, which officials and they themselves link directly to the Special Intensive Revision (SIR) of electoral rolls underway in West Bengal.
Indian rupee slipping below the record 88 level against the US dollar will enhance price competitiveness of Indian products in global markets and help exporters diversify beyond the US market, say exporters. However, import-dependent sectors such as gems and jewellery, petroleum and electronics may see lower benefits due to a rise in input costs, they stated.
From the Sensex pack, Bharti Airtel, Asian Paints, Infosys, Bharat Electronics, Tech Mahindra and Eternal were major laggards. However, Maruti, Tata Steel, Bajaj Finance, Bajaj Finserv, Trent and Tata Consultancy Services were among the gainers.
'People are fed up with rising crimes and poor law and order.' 'Modi must have got feedback and decided not to touch the 'jungle raj' issue as it will backfire.'
'They wanted the city to be a great business hub. They didn't like the fact that taxes collected in Bombay would go outside the city.'
India's trade relations with Turkey and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. Following their support to Pakistan, calls for boycotting Turkish goods and tourism have surfaced across the country, with online travel platforms such as EaseMyTrip and Ixigo issuing advisories against visiting these nations.
Its 11MFY24 production is around 40.2 mt. In FY25, it could hit 50 mt and it may reach 55 mt by FY26. The PSU has capex plans for multiple projects, which should improve the product mix and augment capacity to 100 mt for FY30.
'At Keeladi, we have not come across any evidence for organised religion.'
F&O trading is a zero-sum game where one person's loss is another's gain. Only one per cent of traders gained the money lost by 93 per cent, warns Harsh Roongta.
Iron ore prices are expected to fall in next couple of months following the imposition of duties on exports.
Who will benefit from India's decision to impose a tax of Rs 300 a tonne on iron ore exports? If indications from markets in China are any hint, Australia is likely to cash in on India's decision to impose the fresh tax.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
Two gangsters, who were arrested in connection with singer Sidhu Moosewala murder case and lodged in the Goindwal Sahib Central Jail in Punjab's Tarn Taran district, were killed in a clash among inmates on Sunday, police said.
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
The local, district and police administration are reaching out to meat traders to ensure this, officials said.
Given the hydrogen connection, it's ironic that Hindenburg Research released a long report, accusing the Adani group of financial manipulation, observes Devangshu Datta.
As sanctions-hit Russia increasingly relies on consumer products from India, outbound shipments to Russia have started picking up for the second consecutive month in October. This comes after it witnessed contraction for six consecutive months starting March, commerce and industry ministry data showed. During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago. It was led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel products.
Rediff.com's Utkarsh Mishra visits the Kashi Vishwanath-Gyanvapi mosque in Varanasi, which is fast being turned into another mandir-masjid dispute.
The Central Bureau of Investigation's arrest of senior Trinamool Congress leader Anubrata Mondal -- a loyalist of party supremo Mamata Banerjee -- in the alleged cattle smuggling scam on Thursday threatens his three-decade-long political career, which has been marked by controversies and strong-arm tactics.
At least 40 people, including 20 police personnel, were injured during the clashes, the police said on Saturday.
Ironically, West Bengal, which has been seeking a postponement of the GST roll-out, has fared better among most other states.
Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday. In a report titled 'Adani Group: Deeply Overleveraged', CreditSights said, "In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation or default of one or more group companies." Starting out as a commodities trader in the late 1980s, the Adani group has diversified from mines, ports and power plants into airports, data centers and defence.
Positive cues from China - which accounts for 56.5 per cent of global crude steel production - are likely to keep demand-supply in balance and provide support to prices. All eyes have been on China, which opened after New Year holidays, as it was widely expected that prices would recover post-holidays after the weakness in January. Jayanta Roy, senior vice president, ICRA pointed out, barring last year when Covid-related restrictions affected China's steel demand in February 2020, historical trends show a typical upward movement in steel prices post-new year festivities. China's opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
From announcing a lockdown and extending its tenure, setting up the country's first two exclusive Covid-19 hospitals, creating a hotspot zone, providing doorstep medical service and making masks compulsory, the state is doing all it can to dwarf the virus.
Tikait claimed a few inputs had been received regarding some "miscreants trying to disrupt peace" during the "chakka jam" that was announced for 12 noon to 3 pm on Saturday.
'Government is saying that I will not be responsible for ensuring you get MSP but traders and large corporate will be responsible. 'India now is the only country that is saying such things'
While reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail, farmers are unlikely to use it for fear of upsetting commission agents.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
Microsoft saw its shares fall 2.6% on Monday.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
The aim of the exercise was to further simplify GST forms and make the filing process more user-friendly, the finance ministry said in a tweet, reports Dilasha Seth.
'Why the restrictions for Bakri Eid?'