Firecrackers wholesale market in navi mumbai

In a week of high volatility, bulls made a comeback on the D-street on Friday, May 20, 2022, thanks to sharp buying, which ended the five-week losing streak of the benchmark indices. At Friday’s close, Nifty was up 456.7 points or 2.89 per cent at 16,266 levels. Volumes on the NSE were a little below recent averages. Among sectors realty, metals, capital goods, and healthcare indices have gained the most. Advance decline ratio is sharply positive as well. Speaking on the Indian stock market , Sonam Srivastava, Founder at Wright Research said, “This week saw a surprising rebound, but hardly anyone is convinced that this rebound would stick, given the doom and gloom narrative from inflation watchers and central bankers. Autos and FMCG have led the pack this week, and Metals have also shown a steep recovery; nevertheless, the rise of defensives and commodities is a classic bear market move. As a result, the next few weeks will be weeks of caution and risk management.” Vinod Nair, … [Read more...] about Stock Market This Week: F&O expiry, Fed Meeting, Other Factors to Watch Out For

The Bombay High Court on Monday dismissed the plea by Adani Ports and Special Economic Zone Limited of Adani challenging disqualification of its bid for upgrade of the container terminal in Navi Mumbai by the Board of Trustees of Jawaharlal Nehru Port Authority (JNPA). A division bench of Chief Justice Dipankar Datta and Justice M.S. Karnik rejected the plea as non-meritorious and directed the companies to pay ₹5 lakh to JNPA. Since Adani Ports has already submitted Rs 4.25 lakh with the tender to JNPA, it will deposit the remaining ₹75, 000. The Bench also refused Adani Ports’s request to maintain status quo and not open bids till it sought relief before the Supreme Court. As per the plea the said bidding process consisted of two stages, the first stage was a global invitation of ‘Request for Qualification’ (RFQ) seeking application from interested parties. The second stage was where the applicants had to send their ‘Request for Proposal.’ Adani ports had contended that after … [Read more...] about Bombay HC dismisses Adani Ports plea challenging disqualification by JNPA

At the China border It is worrisome that China is upgrading its defence equipment on its border with India (Page 1, “China upgraded firepower on LAC”, June 27). That these developments in terms of a military infrastructure build-up have been going on ever since the stand-off between India and China confirms the point that China has been planning meticulously in terms of a permanency. One wonders where the talks that have been held so far on disengagement and de-escalation are heading if China is working to a plan. Though India has expanded its military capabilities and augmented its border defence infrastructure, it should be alert to face any eventualities. D. Sethuraman, Chennai If the report is true, it reveals the true intentions of Beijing. And if the shared interests of India and China are dominant in other spheres, it is not clear why no major headway has been made to de-escalate the situation on the border. Keeping the border issue alive will only lead to unintended … [Read more...] about Letters to the Editor — June 28, 2022

Fuel retailers were accused of a “classic example of rocket and feather pricing” as the cost of petrol reached a new record. The RAC claimed significant reductions in wholesale costs for petrol mean companies have a “clear opportunity” to stop continuously hiking pump prices. Data firm Experian said the average price of a litre of petrol at UK forecourts reached a new high of 191.1p on Sunday. Diesel prices reached a record of 199.1p per litre on Saturday, before dropping slightly to 198.9p per litre a day later. Recommended By-elections show voters have run out of patience with Boris Johnson Attending the G7 summit in Germany, Boris Johnson acknowledged that motorists were looking to the Government to do more to ease the cost pressures. “We need to help people through the current pressures. At the pumps people are thinking ‘you know, this Government could do more to help with the cost of fuel’,” he told the BBC. “ People are thinking, … [Read more...] about Fuel firms accused of ‘rocket and feather pricing’ as petrol hits new high

Vishal Dadlani has been making people groove to his dancing numbers ever since he started his career in music. The music composer, singer and songwriter turned 49 today. His music journey began with Mumbai- based indie rock band Pentagram in 1994 as a frontman. The band has been recognized as one of the pioneers of Indian Independence Music. Eventually, stepping into Bollywood, Vishal formed a partnership with Sheykhar Revjiani, popularly known as Vishal-Sheykhar. The duo has churned out many popular numbers like Baby Ko Bass Pasand Hai, Balam Pichkari and many more. On his birthday, let’s take a look at the latest songs voiced and composed by him. Firecracker The new dancing number from Jayeshbhai Jordaar has been scored and voiced by Vishal-Sheykhar. The song showcases Ranveer Singh’s killer dance moves. Kheench Te Nach The dancing number from the movie Chandigarh Kare Aashiqui has been voiced by Vishal Dadlani. The catchy and vibrant song has become one of the hits in … [Read more...] about Happy Birthday Vishal Dadlani: Watch Top 5 Songs That Will Make You Groove

On Sunday, Madhya Pradesh clinched a historic maiden win against 41-time Ranji champions Mumbai. It was a dream come true for MP coach and domestic cricket veteran Chandrakant Pandit, who had fallen short of winning the trophy himself 23 years ago when he last batted for MP as captain in 1999. With this win, Pandit now has six Ranji wins as a coach to his name. Turns out that his legendary wins in the premier domestic Test cricket league might have some lessons for potential and anxious investors in the presently bleak crypto market . At $953 billion, the current global crypto market cap is weathering a “crypto winter”. Globally, crypto exchanges are furiously cutting their workforce, authorities are getting hawkish on seriously regulating crypto and there is huge wariness and distrust amidst crypto investors after the Terra-LUNA stablecoin crash last month, which wiped off $60 billion. India, too, continues its hostile stance on cryptos. From July 1, the 1% TDS on all VDA … [Read more...] about Spooked by the Crypto Winter? Take Heart from Madhya Pradesh’s First Ranji Title

Tears welled up in Chandrakant Pandit’s eyes. He was a happy man. The team he coaches had just won Indian cricket’s premier championship, the Ranji Trophy (June 22-26, played in Bengaluru). It was a first ever for Madhya Pradesh , one of the country’s biggest States and once upon a time home to the legendary C.K. Nayudu, India’s first Test captain, who played for Holkar, then based in Indore. Not many metres away was a teary-eyed Amol Muzumdar, Pandit’s comrade-in-arms when they had both played for Mumbai many years back. Muzumdar was crestfallen at the defeat of the once invincible Mumbai, the team he coaches and a team which from 1934 onwards has won the Ranji championship 41 times, a record which not many teams can even hope to aim for. Bearers of a fine legacy The streaming tears of joy of the victorious and the anguished cry of the vanquished  are a throwback to the times when the Ranji Trophy was Indian cricketers’ most keen sought prize. It was a gateway to greatness … [Read more...] about Ranji Trophy should be the main arena in Indian cricket

Mumbai : Country's antitrust regulator has ordered a probe into Swiss drugmaker Roche for allegedly using anti-competitive practices to restrict cheaper copies of a blockbuster cancer drug from reaching patients. Trastuzumab has been a mainstay of Roche's profit for years and brought in global sales of about $6.7 billion in 2016, but it has been challenged in the last three years by biosimilars which are sold at about a 25 percent discount to the original. India's Biocon and US firm Mylan, which together sell biosimilars of the drug in over a dozen countries including India, filed a complaint with the Competition Commission of India (CCI) last year alleging Roche misled doctors and regulators to thwart competition to trastuzumab. India, with among the highest number of cancer patients in the world, is a big market for trastuzumab, which is indicated to treat certain forms of breast and gastric cancer. Roche first launched the drug in India in 2002 and sells it for about 75,000 … [Read more...] about India’s Antitrust Watchdog Orders Probe Into Roche Cancer Drug