Among the Sensex firms, Larsen & Toubro, Bharti Airtel, HCL Tech, Tata Motors, Sun Pharma and Tata Steel were the major gainers. On the other hand, Nestle, Asian Paints, Bajaj Finserv, HDFC Bank and Axis Bank were among the laggards.
The Enforcement Directorate (ED) has issued a fresh and the fifth summons to Delhi Chief Minister Arvind Kejriwal for his questioning in the Delhi excise policy linked money laundering case, official sources said Wednesday.
'The markets will correct, and they are bound to correct. The boom will turn into bust.' 'When this bust happens, people would lose like they have lost in the past.' 'Whatever you have made possibly in the last couple of years, you may lose in a couple of weeks. That's very much possible.'
Going ahead with its festive sales as per schedule, companies such as Flipkart, Jabong, and Myntra are having week-long Valentines' Day sales, offering discounts of as much as 80 per cent. Amazon India is also offering discounts of almost 40 per cent.
It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.
She wondered whether reforms meant pointing guns at farmers and that there would be no shopkeepers in the localities.
"The 25,000 traders should avail of this opportunity and give the required information on a clear sheet of paper to the monitoring committee," Jaipal Reddy said.
The Indian equity market clocked record average daily turnover (ADTV) in both the cash and derivatives segments in February amid a spike in volatility. The ADTV for the cash segment for both the exchanges combined came at Rs 1.27 trillion, while the same for the derivatives or the futures and options (F&O) segment stood at Rs 483 trillion in the previous month. The volumes for both cash and derivatives have almost doubled from a year ago on the back of rising retail participation in the world's fourth largest equity market.
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
'It is like a chicken-and-egg situation.' 'All these product tweaks are innovative, but traders won't move unless there is liquidity.' 'And liquidity cannot be generated until traders move.'
Around twenty-five thousand retail mobile traders from across Maharashtra downed their shutters today in protest against the imposition of higher VAT at 12.5 per cent on sales of mobile handsets.
The Enforcement Directorate has issued fresh summons to Delhi Chief Minister Arvind Kejriwal, asking him to appear before it on February 26 for questioning in the excise policy linked money laundering case, official sources said Thursday.
Pradeep (47) was found dead in his car at Nettigere near Bengaluru on Sunday evening, they said, adding that he had allegedly shot himself in the head.
Traders are placing great hopes that the next Budget will have some concrete measures on implementation of Goods and Services Tax but some experts doubt the new tax may take more time than expected.
A cell of traders in the BJP Sangatham registered protest on Monday against the entry of big companies in retail in general and Reliance Fresh in particular.
Seeking to allay fears of traders who have threatened to go on a nationwide strike opposing the service tax, the government on Tuesday said the liability to pay the tax is on goods transport agencies.
'Commerce Minister Piyush Goyal once told me that if onion prices rise we will face the flak for it across India.' 'What can farmers expect from a government which talks like a trader and only believes in (electoral) profit and loss?'
'I have nostalgia for Ladakhi culture, which is common to both Muslims and Buddhists.' 'It is kind of a Buddhist way of life. You are compassionate and nice to each other.' 'You are good human beings.'
The AAP said that the ED should wait for the court's decision instead of repeatedly sending summonses to Kejriwal.
The National Stock Exchange (NSE) has made a fresh attempt at settling a regulatory investigation into the misuse of Trading Access Point (TAP) software at the bourse. The Securities and Exchange Board of India (Sebi) rejected a similar application in 2022. "NSE and its employees have filed a consolidated settlement application dated May 4, 2023, with Sebi.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Power Grid, Nestle, Tata Motors, ITC, Bharti Airtel and Kotak Mahindra Bank were the major gainers. In contrast, Larsen & Toubro, Wipro, JSW Steel, UltraTech Cement, and Asian Paints were among the laggards.
This follows the Supreme Court's refusal to give any reprieve to traders operating commercial establishments from residential premises. The court ordered authorities to resume sealing operations against such traders.
The Bharatiya Janata Party also slammed Kejriwal's continuation as the chief minister of Delhi despite being under arrest, saying it is the most unfortunate moment in the country's political journey and the worst kind of politics.
Bond market participants expect an open market operation (OMO) auction in the first week of November as the banking system liquidity is expected to ease on the back of government spending and maturity of bonds. According to market participants, the Reserve Bank of India (RBI) will issue a notification on OMO sales by October 31. They speculate that the central bank might conduct the auctions in multiple tranches of Rs 10,000 crore.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
Bansuri Swaraj, the daughter of former Union minister Sushma Swaraj, will contest the upcoming Lok Sabha polls from the New Delhi seat and incumbent MP Manoj Tiwari from Northeast Delhi as the Bharatiya Janata Party on Saturday announced the names of five candidates from the national capital, dropping four MPs -- Meenakshi Lekhi, Harsh Vardhan, Parvesh Verma and Ramesh Bidhuri.
Traders were producing fake purchase and sale billing receipts and also availing multiple loans on one consignment.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Twelve of the 22 Indian diamond traders, detained in China on charges of smuggling, returned home early on Friday after they were let off following deportation orders by a Chinese court. "We are happy that 12 diamond traders held in China returned to India late last night. We are making all efforts to bring back the remaining traders," Gems & Jewellery Export Promotion Council Chairman Rajiv Jain said.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
With full control over the supply chain, FDI investors will dry up the existing sources on which traders are fully dependent and exploit the situation to their benefit to earn profits.
Pointing to the 'dangers' in the opening up of retail sector to multi-nationals and big Indian companies, traders in Kerala are gearing up to launch an agitation, if necessary an 'armed struggle,' to prevent their entry.
Traders and shopkeepers in Maharashtra are on an indefinite strike since Monday to protest against the newly-introduced Local Body Tax (LBT), which replaces octroi.
Chirag Gupta, who trades in futures & options, had made a profit of Rs 6 lakh, but...
A two-day strike by wholesalers and retailers across Maharastra to protest against the imposition of Local Body Tax (LBT) began on Monday, bringing trading activity to a grinding halt.
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