CONFEDERATION OF ALL INDIA TRADERS
Trump set to supercharge options boom driven by retail investors Donald Trump's anticipated return to the White House is expected to fuel market volatility, further accelerating the options trading boom driven by retail investors. Companies like CQG and Trading Technologies International Inc. are preparing for th...
23 Nov, 2024, 09.20 AM ISTAgar Trade Set for ?50,000 Crore Boost with Assam's Upcoming Trade Hub Dr. Jehirul Islam, an expert in Agarwood management, is revolutionizing Assam's agar industry. His company, MJI Group, is pioneering sustainable agar oil extraction and crafting exquisite perfumes. With government support, an international agar trad...
20 Nov, 2024, 09.40 PM ISTMarriages and shopping in Oct-Dec may spur 40% hike in spends, boost retail demand Retailers in India are anticipating a surge in sales during the second half of the financial year due to the increase in weddings. With 47 auspicious wedding days between October and March, businesses are expecting a 40% increase in spending compare...
20 Nov, 2024, 07.24 AM IST
Rupee declines to record low, RBI intervention helps limit losses The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI's inte...
19 Nov, 2024, 04.02 PM ISTDelhi wedding season arrives with Rs 6 lakh crore worth of expectations for traders The wedding season is starting in Delhi. Traders expect to earn Rs 6 lakh crore. The season will last until December 16. Many weddings will take place during this time. This will boost businesses like clothing and jewelry. Traffic police have made s...
14 Nov, 2024, 04.55 PM ISTRupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade The Indian rupee hit a record low against the US dollar due to foreign investors selling their holdings and strong demand for the dollar. The Reserve Bank of India has been intervening to support the rupee, leading to a decline in India's foreign ex...
14 Nov, 2024, 10.25 AM ISTRupee falls 2 paise to all-time low of 84.40 against US dollar in early trade The Indian Rupee hit a new all-time low of 84.40 against the US dollar due to foreign fund outflows and a strong US currency. Despite the RBI's efforts to stabilize the rupee, factors like weak Q2 earnings and overvalued Indian stocks have led to si...
12 Nov, 2024, 09.59 AM ISTRupee falls 5 paise to all-time low of 84.37 against US dollar in early trade The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed's recent interest rate cut and potential future cuts are influencing the rupee's trajectory. Despite market volatility,...
08 Nov, 2024, 10.25 AM ISTIndia hosts maiden Asian Buddhist Summit India is hosting the First Asian Buddhist Summit on November 5-6, celebrating the rich heritage of Buddha Dhamma and its influence across Asia. The summit will bring together Sangha leaders, scholars, and practitioners to discuss Buddhism's role in ...
04 Nov, 2024, 09.44 PM ISTAfter Diwali and festivities, traders' focus shifts to wedding season Following a successful Diwali season, Indian traders are gearing up for substantial business during the upcoming wedding season starting on November 12, with 48 lakh weddings expected to generate about Rs 6 lakh crore in business. Consumer preferenc...
03 Nov, 2024, 04.12 PM ISTGold, silver hit all-time high on Diwali demand Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg, reaching Rs 99,500 per kg. The hike was driven by the Middle East conflict, rate cuts by the People's Bank of China,...
21 Oct, 2024, 08.38 PM ISTIndia's high food prices curtail spending in early festive season, say retailers Edible oil and vegetable price hikes like onions and tomatoes are increasing grocery costs for Indian households before the festive season. This has led consumers to limit expensive purchases such as electronics. Despite a slow start, major retailer...
16 Oct, 2024, 06.10 PM ISTDeep discounts and cash backs during festive sales by e-commerce companies are killing small retailers: CAIT Industry body Confederation of All India Traders (CAIT) has raised concerns on the deep discounts or cashbacks provided by the e-commerce festive sales by the companies, which tends to monopolise the retail market, hence reducing the abilities of th...
02 Oct, 2024, 02.00 PM ISTF&O traders lose nearly Rs 2 lakh cr wealth in 3 years to March with just 7.2% profit rate Retail traders lost ?1.81 lakh crore in futures and options trading over three years to March 2024, with only 7.2% making a profit, according to Sebi. The number of retail traders nearly doubled, contributing significantly to total turnover. Sebi pl...
24 Sep, 2024, 07.34 AM ISTRakhi festive sales expected to surge over Rs 12,000 crore: Confederation of All India Traders The Confederation of All India Traders (CAIT) expected festive trade during the Rakhi festival to exceed Rs 12,000 crore, indicating a significant increase from previous years. There was notable demand for indigenous Rakhis over Chinese ones. Variou...
18 Aug, 2024, 03.00 PM ISTRupee ends at record low, traders expect gradual depreciation to persist The Indian rupee declined to a record low at 83.7250 against the USD, pressured by dollar demand from oil companies, custodial banks, and weak risk sentiment.
26 Jul, 2024, 03.58 PM ISTMany Chandni Chowk voters prefer national issues over local problems Chandni Chowk, a trader and Muslim-dominated constituency in Delhi, faces numerous issues such as crumbling infrastructure, traffic congestion, and parking problems. However, many residents believe that national issues, such as pollution and crime, ...
23 May, 2024, 05.25 PM ISTNo tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC Tax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have availed loan from their employers at concessional interest rate or interest free rate. However as per our calculat...
21 May, 2024, 01.13 PM ISTNew MSME payment clause in I-T Act: Supreme Court tells traders to move HC On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, s...
07 May, 2024, 12.23 AM ISTCCPA issues notice to Amazon for selling sweets under 'Shri Ram Mandir Ayodhya Prasad' The CCPA has sought a response from Amazon within seven days from the issuance of notice, failing which necessary action will be initiated against them under the provisions of the Consumer Protection Act, 2019, an official statement said.
19 Jan, 2024, 09.58 PM IST