'...similar to the 2008 global financial crisis, the 2012 taper tantrum, or the 2018 midcap crash.' 'This could lead to a substantial decline in activity and revenues for the broking industry.' 'When this will happen is uncertain, but as brokers, we must be prepared for such a downturn.'
All business establishments in Guwahati on Tuesday downed their shutters for the day to express solidarity with Team Anna's agitation against corruption and to demand the adoption of the Jan Lokpal Bill.
Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry
The Enforcement Directorate on Wednesday morning raided the premises of Aam Aadmi Party MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said.
Several Indian traders, hawkers, as well as transport and gig workers' unions will join a global campaign by Make Amazon Pay coalition happening across close to 40 countries on Black Friday to protest alleged exploitative practices by the tech giant. Employees in the US, the UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions as the cost-of-living crisis deepens, as part of the campaign. Trade unions, including Bharatiya Udyog Vyapar Mandal, Hawkers' Joint Action Committee, Gig Workers' Association, and All India People Science Network, will join the campaign.
The benefits are common in many cases, but are also different in some other respects.
What should be made out of the Madras high court order involving non-Hindus' entry into Hindu temples, when many non-Hindus are among the hundreds of thousands that have been worshipping at these temples for generations, asks N Sathiya Moorthy.
The posters were put up on the shutters of the shops late on Sunday evening, Purola station house officer Khajan Singh Chauhan said.
All major markets, daily haats, shopping malls and roadside shops were closed in response to the call given by Rajdhani Byabasai Jibika Bancho Samiti, police said. Even fish and vegetable markets were closed in protest against the government's permission to Reliance Retail Limited for opening its outlets, they said.
Onion traders in Azadpur mandi, Asia's largest wholesale fruit and vegetable market had gone on an indefinite strike to protest the Income Tax Department's raids on them.
The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins.
A former Rochdale Securities trader whose unauthorised purchase of about $1 billion of Apple Inc stock caused the demise of the company pleaded guilty to fraud and conspiracy.
On Thursday, Adani Enterprises announced that it will not go ahead with acquiring Macquarie group's two road companies at an enterprise valuation of Rs 3,100 crore.
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
Opposition National Democratic Alliance and estranged United Progressive Alliance ally Trinamool Congress on Friday criticised the decision to allow Foreign Direct Investment in multi-brand retail, saying government has surrendered to crony capitalism and feared that the policy will spell doom for farmers and small traders.
The Nitish Kumar government in Bihar on Monday transferred Sheikhpura District Superintendent of Police Babu Ram and all officials of the Barbigha police station following reports of alleged inhuman torture of a liquor trader.
In a five-minute video message on Twitter, Kejriwal said he would truthfully and honestly answer questions posed by the CBI in the excise case as he has nothing to hide.
HCL Tech led the Sensex gainers' chart, spurting 3.58 per cent, followed by UltraCement, Nestle India, Tata Steel, Kotak Bank, ICICI Bank, Bharti Airtel and HDFC twins. In contrast, ITC, Maruti, NTPC, Asian Paints and Sun Pharma were among the main laggards, shedding up to 1.51 per cent.
In a post on X, the Indian embassy in Israel has stated that it has been working constantly to help fellow citizens.
Ten of the 22 Indian traders, charged with smuggling diamonds worth $7.3 million (about Rs 36.5 crore) into China, were on Wednesday sentenced to varied prison terms ranging from 23 months to six years by a Shenzhen court, which ordered the deportation of the remaining 12.
Petrol pumps in many cities witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists.
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies.
Industry representatives say the government may be tempted to raise the duty on gold and silver by Rs 100 per 10 gram and Rs 500 per kg, respectively, to earn extra revenue at a time the economy is facing several challenges.
With no apparent wave on the ground or pressing everyday issues, that's what it boils down for voters as Rajasthan readies for assembly polls this week.
Also, there were not many clients in the market as they had already made alternate arrangements due to the strike.
The National Stock Exchange (NSE) on Friday warned investors not to fall prey to investment plans with guaranteed returns offered by Suraj Mourya associated with "Aimers Trader". The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes after the NSE noticed that Suraj Mourya associated with Aimers Trader was offering to handle trading accounts of investors by asking them to share their user identification (user ID) and password.
Companies whose products have not been picked up for distribution in Gujarat under a "non-cooperation movement" include Marico, Dabur, Emami, Britannia, Reckitt Benckiser, and Godrej Consumer Products.
A newly opened building in the diamond hub of Surat in Gujarat has surpassed the Pentagon as the world's largest office building, according to a report in CNN. Surat Diamond Bourse, billed as a "one-stop destination" for over 65,000 diamond professionals, including cutters, polishers and traders, will welcome its first occupants in November, the report said. It features a succession of nine rectangular structures spilling out from - and interconnected via - a central "spine", and the sprawling 15-storey complex has been built across more than 35 acres.
Adityanath assured the delegation that stern action would be taken if any officer acted against a legal and licensed slaughterhouse.
The railway is not operating trains on Kharagpur-Rourkela section between 10 pm and 5 am.
For the Mizo people, tribal and family identity are important. But so are jobs, farmers' access to markets, roads, and health facilities for a young population where drugs are a big affliction.
The rupee's slide was predictable in direction, if not in timing. It has been obvious for months that India was vulnerable to depreciation. A combination of European weakness and bearish FII attitudes were the triggers.
Maoists on Monday kidnapped two people, including a local Bharatiya Janata Party leader, in Sukma district of Chhattisgarh in separate incidents.
A leading industry chamber on Wednesday said it estimated the three-day shutdown by traders in the national capital to have cost Rs 7,000 crore (Rs 70 billion) in terms of business loss.
Violence erupted in several parts of Delhi on Wednesday as traders protesting the MCD's sealing drive clashed with police killing 2 and injuring nearly 100 people, including 30 securitymen and a deputy commissioner of police.
One of the two stranded Indian traders, who were under a travel ban pending a trial over allegations of non-payment of dues to Chinese businessmen, has been granted permission for a month to visit his family in India following the death of his father.
Earlier, the three other men named as terror suspects -- Mehtab Ahmed Butt, Atif Butt and Babar Shabbir -- too were identified as traders and a security guard at Hafeez Centre.
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