DEHRADUN: A traders’ body in Uttarakhand’s Khansar town in Chamoli district, around 260km from Dehradun, has “passed a resolution” asking about 15 Muslim families to leave the town by Dec 31. Some of them have been in Chamoli for decades.The resolution was passed on Wednesday during a meeting of the vyapar mandal, following a ‘chetna’…
MUMBAI: Dalal Street on Monday is unlikely to react negatively to Hindenburg Research‘s latest report that alleged instances of conflicts of interest by Sebi chairperson Madhabi Puri Buch. Traders, dealers and fund managers that TOI spoke to and also who commented on social media messaging groups that are private, were more annoyed with the US…
HARIDWAR: Uttarakhand authorities have mandated that shop owners along the kanwar yatra route display nameplates with their details. The directive, following a similar order in neighbouring Uttar Pradesh, aims to “prevent any law and order issues” during the yatra, officials said.Backing the directive, CM Pushkar Singh Dhami cited “past instances of shop owners using fake…
MUMBAI: RBI has deferred the implementation of its rules on exchange-traded currency derivatives by a month, resulting in traders scrambling to square off their positions.RBI’s circular, which was scheduled to come into effect on April 5, said that only traders with an underlying forex exposure can trade in currency derivatives. Exchange-traded currency derivatives, like futures…
Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic. Traders have flocked into bullion in recent weeks…
