India's largest traders' association CAIT on Tuesday said few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce entities have "structured their relationship as marketplace with sellers in a such a way that they are in a position to control either seller on their platform or the inventory and also escape the scrutiny of the enforcement agencies." "Under the guise of such control or ownership over sellers, the issue also permeates from being a mere FDI policy violation to also being an anti-competitive conduct," it said.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
Embattled billionaire Gautam Adani on Thursday spoke publicly for the first time since his ports-to-energy conglomerate publicly battled a short seller's accusation of stock manipulation and accounting fraud, saying the abrupt move to withdraw a fully-subscribed share sale at his flagship firm was due to market volatility. His group continued to lose on the stock market, with the cumulative rout now nearing $108 billion in a week -- one of the biggest wipeouts in India's history. "After a fully subscribed follow-on public offering (of Adani Enterprises Ltd), yesterday's decision of its withdrawal would have surprised many.
The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.
Our focus is not on substance, but communicating how we did not shake hands and how we made angry faces. This is what India's foreign policy has become, notes Aakar Patel.
Iga Swiatek beat Czech 10th seed Marketa Vondrousova to reach the Cincinnati Open semi-finals.
Delhi NCR chapter of TiE will shortlist and recommend over a dozen entrepreneurial ventures to UKTI for mentoring and offering them services that will help them set up UK operations without having to find their feet the harder route.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
Images from Day 3 of the US Open, at Flushing Meadows, New York.
"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.
Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.
The regional fallout could continue.
Novak Djokovic enjoyed a stress-free return to US competition following a two year absence
In his statement while chairing the debate on "Enhancing Maritime Security - A Case for International Cooperation" via video conferencing, Modi highlighted that maritime routes were being misused for terrorism and piracy.
Sardar Vallabhbhai Patel resolved issues of merger of other princely states, but 'one person' could not resolve the Kashmir issue, Prime Minister Narendra Modi said on Monday, in a veiled attack on India's first PM Pandit Jawaharlal Nehru.
Casper Ruud returned to the French Open final for a second year running by dismantling German 22nd seed Alexander Zverev to set up a showdown with 22-times Grand Slam champion Novak Djokovic.
From land of hockey to cricket stardom, Vidwath Kaverappa takes seven-star route
Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.
Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow. This was in comparison to a net outflow of Rs 273 crore registered in the segment in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data with Association of Mutual Funds in India (Amfi) showed.
Gianiji had crafted his moves with the meticulous planning of a chess grandmaster. He did not know whether a checkmate was feasible, as his time was running out, but he wanted Rajiv Gandhi to smell the fear of loss. A fascinating excerpt from K C Singh's The Indian President: An Insider's Account of the Zail Singh Years.
In the coming months, globally as well as in India, rice might remain a hot potato.
The Adani story has only one angle -- how the stocks were rigged up to ridiculous heights, the Hindenburg report on gross overvaluation, followed by the vertical free fall of Adani stocks, points out Debashis Basu.
Investors' wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, the BSE benchmark had tanked 878.88 points or 1.40 per cent to settle at 61,799.03.
'The Battle of Jamalpur was a turning point in the 1971 War because a small battalion of 700 men broke the back of the Pakistanis.'
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
Exports in January 2014 stood at $26.89 billion.
Among Sensex shares, Bajaj Finserv fell the most by 4.08 per cent. Bajaj Finance declined by 3.01 per cent, Tata Steel by 2.2 per cent, Wipro by 2.09 per cent, Tata Motors by 1.96 per cent, IndusInd Bank by 1.9 per cent, SBI by 1.75 per cent, Tech Mahindra by 1.66 per cent and HCL Tech by 1.2 per cent. TCS, Infosys, Power Grid, Maruti, Reliance, HDFC twins, L&T, M&M, NTPC and Ultratech Cement were also among the losers.
Post DeMo and GST, business outlook remain diminished among both buyers and sellers
Hassan Rouhani to offer Friday prayers in Hyderabad's Mecca Masjid.
The long awaited-resumption of border trade between India and China through the Nathu La pass in Sikkim has been finally set for June 30.
The avalanche hit the arterial Jawaharlal Nehru Marg, which connects Gangtok to Nathu La at the China border, around 11.30 am, trapping five-six vehicles with around 30 people under the snow, the Army said in a statement.
China's malfunctioning stock markets remained semi-frozen.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
Prime Minister Narendra Modi held a special interaction with Chinese media persons in New Delhi on the eve of the visit of Chinese President Xi Jinping where he summarized the possibilities of Sino-India bilateral ties.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
Alcaraz outlasts Hurkacz, Ruud stunned at Canadian Open
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
British Prime Minister Rishi Sunak on Wednesday green lit a new youth mobility partnership scheme that will offer 3,000 visas to 18-30-year-old degree-educated Indians every year to live and work in the United Kingdom for up to two years.
