MUMBAI DRI OPERATION
West Asia war: Marine war-risk insurance tightens as reinsurers adopt no-market stance
West Asia war: Reinsurers are pulling back marine war-risk cover amid heightened geopolitical risks after failed US-Iran talks, prompting India to explore a sovereign-backed insurance pool to support shipping in high-risk zones.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%
It is tough to think positively about the markets when all the news is about blockades, wars, and everything that can disturb the global economy. But remember this: Whatever its intensity or length, there is enough historical evidence to show that markets have a greater probability of trading at a higher level a few months after a war. And no war in the Gulf has dragged on. So, all one needs is patience – and the ability to think beyond the war.
Mumbai airport: 30 kg gold worth Rs 38 crore caught by customs from 24 women. Here's how they concealed gold bars and jewellery
The Directorate of Revenue Intelligence (DRI) seized 29.37 kg of gold worth Rs 37.74 crore and arrested 24 carriers at Mumbai Airport. This major bust, 'Operation Dhahabu Blitz', targeted a syndicate of female carriers arriving from Nairobi. Separately, DRI also uncovered a sophisticated gold smuggling network at Bengaluru Airport, seizing Rs 5 crore worth of gold.
RBI monetary policy: Currency forward curbs temporary, says Sanjay Malhotra
"These measures are not in any sense signalling any structural change. We stand committed to the development, broadening and deepening of these markets and the internationalisation of rupee. So, obviously these measures are not going to remain there forever," governor Sanjay Malhotra said.
Where aircraft go when they need a safe haven – or to die. As the Gulf war draws attention to ‘boneyards’, where does India stand?
Wars, pandemics, and airspace closures have created a lucrative, if niche, global industry: Specialised airports, called aircraft boneyards, that make money storing idle fleets – or performing their last rites. As the Gulf conflict forces airlines of the region to scale down operations, ET Prime maps this little-known ecosystem that is a safe haven for aircraft. What it costs, how it works, the crises that have filled these remote airports in the past. And, why does India – with the world’s third largest domestic aviation market and periodic airline-related crises – have nothing like it?
Aelea Commodities bulk deal: Ashish Kacholia bets Rs 9.3 crore on a microcap that is down 36% in a year
Ashish Kacholia bought shares worth Rs 9.3 crore in Aelea Commodities via a bulk deal as the stock trades below key averages after a sharp correction, with the seller fully exiting its stake.
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India, Europe look to add more flights on rising demand
Indian and European airlines are adding more flights connecting India and Europe. This shift is happening as operations to the Gulf face disruptions. Air India and other carriers are increasing capacity and using larger aircraft. This offers travellers more direct options and greater reliability on key routes. Demand is high, leading to increased load factors and fare surges.
LPG Price Today (March 13): How much you will pay for a cooking gas cylinder in your city
LPG Price March 13: Domestic LPG cylinder prices in India saw a Rs 60 increase in March 2026, reaching Rs 913.00 in New Delhi. This rise is attributed to global energy uncertainty and shipping challenges, though officials assure no supply shortage. Alternative fuel suggestions aim to ease demand during this period.
LPG shortage shuts Mumbai restaurants as 20% kitchens run out of cooking gas
Mumbai's eateries face a severe commercial LPG cylinder shortage, forcing many to shut or drastically cut menus. Industry bodies warn that up to 60% of establishments could close if the crisis, linked to West Asia war disruptions and a government directive prioritizing domestic supply, persists.
US-Israel-Iran war: 11 stocks that may face strong headwinds; and 11 that could see fresh tailwinds emerge
Trouble in the Middle East was expected as the US had been building up its presence in the Gulf. But the fact that it came unannounced on a weekend could cause a sharp reaction when the market opens on Monday. Yes, there will be some sectors where businesses will be hit. But for others the hit will be due to market sentiment more than anything else. Also, one must differentiate between the first-level impact on the business and the second level of impact. Investors who understand the transmission mechanisms, distinguish between temporary panic and structural damage, and act with discipline rather than emotion stand to benefit.
Iran crisis hits India’s economy; PE firms dial up SaaS deals
The ongoing conflict in the Middle East is likely to significantly impact Indian industries. This and more in today’s ETtech Morning Dispatch.
ICC T20 World Cup: Batting fires up but bowling worries haunt India before West Indies clash
India clashes with West Indies in a do-or-die T20 World Cup Super Eights match. India's batting has found form, posting a high score. However, bowling remains a worry, especially with Varun Chakravarthy's inconsistent performance. West Indies boasts explosive power and depth. The winner advances to the semifinals. This high-stakes encounter promises excitement at Eden Gardens.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
It is not every day that a sector that is important to the market is hit badly. The solace is that it is not happening only to Indian IT stocks, but to global giants as well. That is why there is honestly no point in trying to guess when this phase will end, because such global changes take time. Does it mean the world of equity markets will come to a standstill? The answer is no. But investors will have to display a bit of discipline.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%
With the IT sector continuing to be the pain point for the market, it is essential to differentiate between what is leading to the fall in the market and what is causing volatility. Even on Monday, when the market was in the green, IT stocks were dragging down the indices. Also, in the next close to six weeks, there are many factors other than fundamentals that are going to drive stock prices. Tightened liquidity conditions for one and, of course, global developments that are still to play out in the currency and commodity markets.
Roses are out of bouquets as grasses, filler flowers and imperfect blooms move to top of bunch
Actor Jeremy Allen White's public affinity for flowers has highlighted a growing trend in floral appreciation. Post-pandemic, people are embracing flowers for self-care and personal expression, moving beyond traditional gifting and events. This shift favors unique, natural arrangements, reflecting a desire for authenticity and individuality.
These large- and mid-cap stocks can have an upside potential of more than 24% in 1 year, according to analysts
With the bulls making yet another comeback bid, the question on the street is familiar: Are valuations still high, or has the recent correction pulled them back into some sort of a comfort zone? There is, however, no clear answer. Valuations have moderated in some sectors, but they are still far from cheap in others. So, what to do as an investor? Simple. Stop focusing on the short-term movements of the market (which may well remain volatile). Focus, instead, on evaluating the sectors and businesses behind the stocks you own – or intend to own.
Deep losses, rampant layoffs tell the other side of India's gold, silver story
India's gold and silver markets are facing a never-before-seen crisis. Extreme price swings have halted business in Rajkot and Mumbai. Demand has vanished, leaving traders with massive dues and workers jobless. Jewellery has become unaffordable for many. Consumers are delaying purchases, and selling metal is getting more and more difficult.
BMC fine: From spitting to washing cars in public, get ready to pay up to Rs 25,000 for 21 offences in Mumbai. Check list
Mumbai residents face new fines for cleanliness breaches. The Brihanmumbai Municipal Corporation has introduced penalties for 21 offenses. Fines range from Rs 200 to Rs 25,000. These rules aim to improve city hygiene. Spitting, littering, and improper waste disposal will now incur significant charges. Stricter enforcement is in effect for all citizens.
Muharram 2024: Are liquor stores closed today in Delhi and Mumbai? Check dry days list
A "dry day" is when the sale and consumption of alcohol are legally restricted, common in many countries like India, to honor religious or cultural events and during elections. Muharram 2024 begins on July 8th, marking the start of the Islamic lunar calendar. It's a significant time for Muslims, especially on Ashura (July 17th), a day of mourning and reflection. Dry days are observed in Mumbai, Delhi, and many other cities.
DRI officers seize crystal methamphetamine, cocaine worth Rs 1,476 crore
"This is a new kind of modus operandi involving concealment of drugs in the boxes of 'Valentia Oranges' imported from South Africa. After clearance of such oranges from Customs area, the goods used to get stored in some cold storages located in Vashi," the ministry said.
iPhone smuggling case: NBW issued against 'kingpin'
These sources added that the probe has found that iPhones were allegedly concealed in the import consignments of two importing firms M/s Salecha Electronics Inc. and M/s 2000 Semiconductor, controlled by one Dinesh Bhabootmal Salecha. The iPhones were then allegedly smuggled in consignments of ‘memory modules’. While the total value of the seized goods in the said case was around Rs.43 crores, the declared value of the consignments was only Rs. 80 lakhs.
DRI, Customs destroys 44,000 kilogram of narcotic substances
Of the 44 tons of narcotics substances, 2043 kilograms of drugs was destroyed at Mumbai waste management ltd, Taloja facility including 499.5 kg of Ephedrine, 882.69 kg of Methamphetamine, 238.2 kg of Mephedrone and 8 kg of Ganja. These drugs have been seized by DRI and Customs during the various search and seizure operations carried out by them.
Letter to NIA: DRI seeks info from tour cos on visas to Kalyan youth
Soheb Zoradarwala and his father Ahad, who own a travel agency in Mumbai, had been arrested by the DRI in March along with five others in a gold-smuggling case.
DRI seizes huge quantity of prohibited drugs from Delhi's foreign post office
These controlled drugs, which were mis-declared as herbal/health products, were destined to numerous overseas buyers located in the US, UK, Cananda and Australia.
On-demand laundry and dry-cleaning services provider Wassup to start operations in Mumbai
Wassup, which acquired laundry service firm Chamak in a full equity deal on Tuesday, said it will now commence operations in Mumbai and target to be in 25 territories in the next nine months.
Bharat bandh: Bank services in Mumbai hit as strike enters day 2
The strike witnessed near cent per cent participation by employees from banking and insurance sector in the financial hub, leaving their operations paralysed.
Directorate of Revenue Intelligence busts gold smuggling racket
DRI busted a racket of gold smugglers, including two personnel belonging to Central Industrial Security Force (CISF).
It's gonna be a nutty affair this Diwali
This Diwali could see dry fruits like almond, cashew and pista outselling more traditional Indian sweet. That is not without reason, for one thing, dry fruits come with a status symbol factor.
Plunge in rates forces shipping companies to idle fleets
A sharp fall in shipping rates has made vessels operations of Indian companies unviable. Unable to earn even the operating costs, Indian dry bulk owners are planing to keep their vessels idle.
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