Author
The writer is author of the book: The Market Mafia - Chronicle of India’s High-Tech Stock Market Scandal & The Cabal That Went Scot-Free. Palak has been a journalist in Mumbai for nearly two decades now. He has worked for most premier pink papers including The Economic Times, Business Standard and The Financial Express and The Hindu Business Line. He was drawn to crime reporting at the age of 19 but a few years in the field told him that the fabric of crime had changed and the organised gangs, as Mumbai had witnessed during the eighties, no longer existed. It was business and markets that dominated the scenario. His passion to unravel the intricacies of the ‘white money’ economy led Palak to the world of finance and regulations.
Gold Findings can be melted and recast into any form of gold jewellery thereby giving 3.7 per cent tax benefit since it is taxed at 11.3 per cent compared to importing gold at 15 per cent
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Vi up 21% as Elon Musk's Gujarat visit on January 10 sparks market talks of a deal by the tech billionaire to partner with an Indian telecoms player. Amazon too will require a spectrum partner for its space linked broadband business and Vi could be a potential suitor for any of the two, believes the market. Recently, Vi also paid Rs 1701 crore to the government for 5G spectrum it had acquired in the 2022 auction
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No new stocks have been included in equity derivatives since January 2022 pushing traders to speculate on index derivatives, the segment that now commands more than 95 per cent volumes
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"KSE 100" and "KSE All Share indices" crashed 8 per cent in just two days. Dawood is dubbed the largest investor in Pakistan's share markets and is also known as the country's "Tobacco King."
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A former Telugu actress is stirring controversy by accusing a Mumbai billionaire of misconduct, echoing a past incident in 2021 when she caused a scene at another billionaire's residence over alleged promises by the corporate heir
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High stakes game: Big real-estate developers and leading corporates are already teaming up with few residents of the locality to participate in the tender even as Maharashtra State Govt body MHADA is singing a different tune of cluster development and has put up a note to the government
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Sebi entered into a settlement with BNL and related parties in a case relating to the undervaluing of the buyback offer. Shareholders moved the court on grounds that Sebi could not have entered into a settlement since the subject matter of the show cause notice (issued by Sebi to BNL and related entities) could never have been settled. Bombay HC directed SEBI to disclose settlement terms; following which Sebi had moved SC
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"Delhi Banega Khalistan:" US based Gurpatwant Singh Pannu, who is wanted by the Indian agencies for terror links, had released a video warning of an attack on the Indian Parliament on or before December 13
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Mumbai tax officials conducting search operations against Allied Blenders and Distillers, a company founded by Kishor Chhabria
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There's concern that the market regulator Sebi isn't making it a priority to fill these key roles
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