Gold imports fell 6.77% to $23 billion during the April-December period of the financial year 2020 following a 2.5% increase in the import duty, according to the data f

Gold imports dip 6.77% during April-December 2019

Gold imports fell 6.77% to $23 billion during the April-December period of the financial year 2020 following a 2.5% increase in the import duty, according to the data from the commerce ministry. The government increased the import duty to mitigate the negative impact of gold imports on trade deficit.&nbsp;The decline in gold imports has helped in narrowing the country's trade deficit to $118 billion during the period, against $148.23 billion a year ago.
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Gold imports fell 6.77% to $23 billion during the April-December period of the financial year 2020 following a 2.5% increase in the import duty, according to the data from the commerce ministry. The government increased the import duty to mitigate the negative impact of gold imports on trade deficit. The decline in gold imports has helped in narrowing the country's trade deficit to $118 billion during the period, against $148.23 billion a year ago.

ndia’s largest exchange has some explaining to do to the market regulator and the finance ministry. Reports indicate SEBI and Fin Min have sought a detailed from

India&rsquo;s largest exchange has some explaining to do to the market regulator and the finance ministry. Reports indicate SEBI and Fin Min have sought a detailed report from NSE on the technical glitch that halted trade for over 4 hours.&nbsp;
National Stock Exchange is expected to submit it&rsquo;s report before Friday but this may just be the preliminary submission. This is not a first for the&nbsp;NSE, the exchange halted trade for 3 hours in 2017 again due to a technical glitch.&nbsp;
 SEBI had slapped a Rs 50 lakh fine on NSE in 2019 when NSE NOW, a trading terminal for traders, was not working properly in Gujarat, Rajasthan and in some parts of Maharashtra.Infact&nbsp;SEBI in it&rsquo;s annual report last year had indicated the need of a plan to compensate investors for losses due to technical glitches.&nbsp;

“Government has no business to be in business” that was the clear and concise message from PM Modi as the govt batted aggressively for privatisation.

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified in its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
 There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

Not even an hour into trade at 10:06 am there was confusion across dealing rooms as the headline Index Nifty seemed to have been stuck at a single value and was not upd

Not even an hour into trade at 10:06 am there was confusion across dealing rooms as the headline Index Nifty seemed to have been stuck at a single value and was not updating. It was not long before traders realised there was a systemic problem as the none of the Indices listed across the NSE were updating.
 At 11:40 for the second time in the last 5 years the National Stock Exchange halted trade across segment cash and F&amp;O segment citing a technical glitch.&nbsp;
 What followed was just whispers of communication confusion with no official word from the bourse traders speculated what would happen to open positions just a day ahead of expiry.&nbsp;
 3 hours into the trading halt, India&rsquo;s largest brokerage Zerodha finally decided to layout a gameplan for its users as NSE had still not provided any clarity. The discount broker firm tweeted Plan of action: If NSE isn't back up by 2.45 pm, we will block all new MIS &amp; CO orders for the day and attempt to square off all equity MIS &amp; CO positions on BSE. Unfortunately, we will not be able to do anything with intraday F&amp;O positions if NSE isn't back up
 It was just minutes before close that NSE announced that trading hours would be extended by both exchanges from 3:45 upto 5 pm. The message was short and for many almost too late . Zerodha sent out a message to their clients - if NSE had informed brokers of a potential reopening or extension of trading hours, at least by 3 PM, we, along with many other brokers would not have had to take risk mitigation measures and square off positions on BSE. Unfortunately, because there were no updates given to brokers, we had no other choice. The last minute notification of the trading extension at 3:17 PM came a little too late.&nbsp;

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it’s list. This

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it&rsquo;s list.&nbsp;
This is will mark the debut of Tata Consumer Products previously called Tata Global beverages into Nifty as it joins in ranks with peers Hindustan Unilever, Nestle, Britannia. The weight of consumer stocks in the benchmark will rise to over 11.5% with the inclusion&nbsp;
 Tata Consumer holding key brands such as Tata Tea, Tetley, Tata Salt &amp; Himalayan water will be the 5th Tata Group company in the Nifty after TCS, Tata Steel, Tata Motors and Titan.

As markets continue to hover near a record high, stellar flows have kept the rupee firmly in the lead amongst emerging market currencies. Foreign investors have pumped

As markets continue to hover near a record high, stellar flows have kept the rupee firmly in the lead amongst emerging market currencies. Foreign investors have pumped in over $4 billion in the past month making the rupee rose to a near one-year high against the dollar. This poses a problem for the central bank as it continues its intervention to keep the rupee on a competitive footing. All eyes will remain on Friday this week as the govt releases growth data for the previous quarter which is likely to show that India has come out of the recession with a mild expansion of 0.5%.

Bitcoin surged past $50,000 for the first time on Tuesday as the world's biggest cryptocurrency continues to gain confidence from investors. Bitcoin hit

Bitcoin&nbsp;surged past $50,000 for the first time on Tuesday as the world's biggest cryptocurrency&nbsp;continues to gain confidence from investors. Bitcoin&nbsp;hit a fresh high of $50,500.&nbsp;It has risen around 72% so far this year.&nbsp;Bitcoin is winning more mainstream attention after Tesla&rsquo;s $1.5 billion purchase.

In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI's order restricting him from the securities market.&

In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI's order restricting him from the securities market.&nbsp;SAT, however, has directed Future Group promoters to deposit ₹11 crore as an interim measure. Earlier this month, the capital market regulator SEBI&nbsp;barred Biyani, among others, from the securities market for a period of one year for insider trading in the scrip of Future Retail.

The BSE Sensex has surpassed the 52,000-level for the first time as the markets continue to make new record highs. Banking and financial stocks were the major cont

The BSE Sensex&nbsp;has surpassed the 52,000-level for the first time as the markets continue to make new record highs. Banking and financial stocks were the major contributors to the Monday morning rally.
At around 10 am, the Sensex&nbsp;was 504 points higher at 52,048 and the Nifty was trading 0.87% or 131 points in the green at a new all-time high of 15,294.
Bharti&nbsp;Airtel, IndusInd&nbsp;Bank, Axis Bank, ICICI Bank and HDFC&nbsp;were the top five markets movers.

Twitter co-founder and CEO Jack Dorsey on Friday announced that he and American rapper Jay-Z will create a fund devoted to Bitcoin development, initially focu

Twitter co-founder and CEO Jack Dorsey on Friday announced that he and American rapper Jay-Z will create a fund devoted to&nbsp;Bitcoin&nbsp;development, initially focused on teams in Africa and India. The Twitter chief said in a tweet that he and Jay-Z are giving 500 bitcoin to fund an independent endowment called 'Btrust'. That amount of the cryptocurrency was worth about $24 million as&nbsp;Bitcoin&nbsp;was trading near $48,000 on Friday.

Indian equity market seems to have resumed its record-breaking rally as the benchmark indices closed at another all-time high on Thursday. The Sensex gained over

Indian equity market seems to have resumed its record-breaking rally as the benchmark indices closed at another all-time high on Thursday.
The Sensex&nbsp;gained over 350 points to close the session at 50,614 and the NSE&nbsp;Nifty rose 0.71% to end the trade near 14,900. With this, the Bombay Stock Exchange or BSE has crossed the market capitalisation of ₹200 lakh&nbsp;crore.
SBI, ITC, Bajaj&nbsp;Finance, Shree&nbsp;Cements and ONGC&nbsp;were the top five market movers for the day. However, Asian&nbsp;Paints, UPL, Cipla, IndusInd&nbsp;Bank and Bharti&nbsp;Airtel&nbsp;were the top five losers.
The rupee ended flat at 72.96 against the US dollar.
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Equity markets opened slightly lower on Thursday led by banking and financial stocks. Asian peers were trading in the red. At 9:20 am, the Sensex was 77 points down at

Equity markets opened slightly lower on Thursday led by banking and financial stocks. Asian peers were trading in the red.
At 9:20 am, the Sensex was 77 points down at 50,178 and the Nifty was trading 0.07% lower at 14,779.
HDFC&nbsp;Bank, Asian Paints, IndusInd&nbsp;Bank, Tech Mahindra&nbsp;and ICICI&nbsp;Bank were the top losers. On the other hand, Hero Moto&nbsp;Corp, M&amp;M, Bajaj&nbsp;Auto, Hindalco and ONGC&nbsp;were the top five Nifty gainers.

The Securities and Exchange Board of India (SEBI) has barred Future Group CEO Kishore Biyani from accessing the securities market for a year after its investigatio

The Securities and Exchange Board of India (SEBI) has&nbsp;barred Future Group CEO Kishore Biyani from accessing the securities market for a year after its investigation revealed insider trading in 2017. The capital market regulator said Biyani and his brother Anil&nbsp;traded in shares of&nbsp;Future Retail through another unit using unpublished price sensitive information. This happened between March 10, 2017, and April 20, 2017, when certain businesses of FRL were recast, causing its share price to rise, it said.
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Bulls are back to the equity markets as the Sensex swelled over 3,500 points in just two trading sessions after the Budget 2021 announcements. Domestic equi

Bulls are back to the equity markets as the Sensex&nbsp;swelled over 3,500 points in just two trading sessions after the Budget 2021 announcements.&nbsp;
Domestic equity benchmark Sensex&nbsp;gained almost 1,200 points to end the Tuesday session at 49,797. The NSE&nbsp;Nifty also surged 2.57% to close the trade at 14,647.
Tata&nbsp;Motors was the top Nifty mover as it soared almost 17%, followed by Shree&nbsp;Cements, Ultratech&nbsp;Cements, SBI&nbsp;and UPL.
The rupee appreciated 6 paise to finish at 72.96 against the US dollar.

The Reserve Bank of India (RBI) has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of HDFC Bank, the privat

The Reserve Bank of India (RBI) has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of HDFC Bank, the private lender informed exchanges on Tuesday.&nbsp;RBI's move comes amid incidents of outages in the internet banking of the bank over the past two years.&nbsp;The Reserve Bank had in December&nbsp;barred&nbsp;HDFC Bank from launching its digital program and sourcing of new credit card customers.

Indigo Paints shares listed at a premium of 75% over its issue price on February 2, owing to the strong IPO subscription and bullish market sentiment. The stock op

Indigo Paints&nbsp;shares listed at a premium of 75% over its issue price on February 2, owing to the strong IPO subscription and bullish market sentiment. The stock opened at ₹2,607 on the BSE, against its public issue price of ₹1,490. Indigo Paints saw a very good response from investors as its IPO&nbsp;was subscribed 117 times.

Domestic equity markets extended their rally on Tuesday as the Budget 2021 cheered the Dalal Street. Meanwhile, global markets also improved the overall sentiment.

Domestic equity markets extended their rally on Tuesday as the Budget 2021 cheered the Dalal&nbsp;Street. Meanwhile, global markets also improved the overall sentiment.
At 9:20 am, the Sensex&nbsp;was 1,030 points higher at 49,630 and the Nifty was trading at 14,578, rising over 2%.
Tata&nbsp;Motors, L&amp;T, HDFC&nbsp;Bank, UPL and SBI&nbsp;were the top five market movers. 49 out of the 50 stocks in the Nifty 50 index were moving higher.
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Domestic equities continue to see sell-off on Thursday morning, most of which was led by pharma and banking stocks. At 9:30 am, the Sensex was 251 points in the r

Domestic equities continue to see sell-off on Thursday morning, most of which was led by pharma&nbsp;and banking stocks.
At 9:30 am, the Sensex was 251 points in the red at 47,158 and the Nifty was trading 0.52% down at 13,895.
Powergrid, HDFC&nbsp;Bank, Sun Pharma, Dr Reddy&nbsp;and Kotak&nbsp;Mahindra&nbsp;Bank were the top Nifty losers. On the other hand, Axis Bank, Reliance, BPCL, ONGC, NTPC&nbsp;were the top gainers.
Asian bourses&nbsp;were heavily in the red. The US markets saw a sharp decline with the Dow Jones ending over 630 points down.

After over six months of consistent bull run, the Indian stock markets plunged heavily on Wednesday as some investors continue to take money off-the-table ahead of

After over six months of consistent bull run, the Indian stock markets plunged on Wednesday as some investors continued to take&nbsp;money off-the-table ahead of the Budget next week. The domestic equity benchmarks, Sensex and Nifty fell almost 2% each. The Sensex&nbsp;dropped 937 points or 1.94% to end the session at 47,409 and the Nifty slipped 1.91% or 271 points to close below 14,000 for the first time this year.
Tata&nbsp;Motors, Tata&nbsp;Steel, Titan, IndusInd&nbsp;Bank and Hindalco were the top five Nifty losers. Whereas Tech Mahindra, SBI&nbsp;Life, Wipro, ITC&nbsp;and Ultratech&nbsp;Cements were the top gainers.
All the sectoral&nbsp;indices closed with major losses, except the Nifty FMCG&nbsp;index.
The Indian rupee settled 2 paise higher at 72.92 against the greenback.

Bharti Airtel has moved the Supreme Court over arithmetical errors in the telecom department's calculation of adjusted gross revenue (AGR)-related dues.&

Bharti Airtel&nbsp;has moved the Supreme Court over arithmetical errors in the&nbsp;telecom&nbsp;department's calculation of adjusted gross revenue (AGR)-related dues.&nbsp;Vodafone Idea may follow suit in the coming days, some reports said.
Airtel claims that total AGR dues payable on account of the license fee is limited to ₹21,000 crore, CNBC&nbsp;TV18 reported. However, the demand raised by DoT of ₹43,989 crore includes license fee dues and spectrum usage charges, of which the telco&nbsp;has paid ₹18,004 crore.
Vodafone Idea&rsquo;s total dues are currently at ₹58,254 crore. If only licence fee will be considered, total dues will come down to ₹28,308 crore, as per CNBC&nbsp;TV18's estimates. Vodafone&nbsp;Idea has already paid ₹7,854 crore.
Following the development, the scrips of Bharti&nbsp;Airtel&nbsp;and Vodafone&nbsp;Idea surged as much as 2.5% on the NSE.

Indian equity markets opened with marginal gains on Wednesday even as most of the Asian bourses remained in the red. At around 9:25 am, the Sensex was 49 poi

Indian equity markets opened with marginal gains on Wednesday even as most of the Asian bourses&nbsp;remained in the red.
At around 9:25 am, the Sensex&nbsp;was 49 points or 0.10% higher at 48,487 and the Nifty was trading at 14,224, up 0.18%.
GAIL, ONGC, Titan, Indian Oil and L&amp;T were the top five Nifty movers. Whereas Eicher&nbsp;Motors, HDFC&nbsp;Life, Axis Bank, ITC&nbsp;and Reliance were the worst performers in the morning session.
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Gold imports dip 6.77% during April-December 2019

Jan 29, 2020 18:54 IST

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