TEMPORARY SUSPENSION OF TRADE
Binance suspends withdrawals after $6.3 billion hack: Is your crypto safe? Here's what to do now
Binance has temporarily suspended deposits and withdrawals following a reported security incident involving an estimated $6.3 billion in digital assets. The crypto exchange has pledged to cover customer losses, while users are urged to protect their accounts, watch for recovery scams and understand the risks of keeping crypto on an exchange.
What time is UK budget today and where to watch it? Will income tax rise, fuel prices increase and pensioners get relief in John Healey’s big announcement?
When will UK budget be announced? UK Chancellor John Healey will deliver his first Budget today, with the key announcements expected on income tax, fuel duty, pension payments and household energy bills. John Healey is set to deliver his first Budget this afternoon, with the chancellor expected to outline the proposals at approximately 12.30pm.
Iran, Pakistan temporarily suspend cross-border movement over technical issues, security concerns
Cross-border movement and exchanges between Iran and Pakistan have been temporarily suspended due to technical issues. Iranian Foreign Ministry Spokesperson Esmail Baghaei confirmed that authorities are working to resolve the situation. Pakistan also halted trade through specific border checkpoints to enhance security measures. Shahid Rind clarified that this decision is aimed at preventing smuggling and improving border administration.
Air India, AI Express extend temporary suspension of flights to Saudi Arabia until October 24
Air India and Air India Express have extended their suspension of flights to Saudi Arabia until October 24. Bookings issued before October 15 for specific travel dates can benefit from a complimentary date change. Passengers may also opt for rebooking from alternative locations in the GCC region to minimize travel disruptions. Several airlines, including IndiGo and Akasa Air, have similarly suspended operations in Saudi Arabia.
Mutual funds bar fresh investments in Gold ETF FoFs. What are the rules for existing SIP investors?
Seventeen mutual fund houses have temporarily restricted fresh investments in specified gold exchange-traded fund-of-funds (FoFs), including lumpsum contributions, new SIPs and switch-ins. Existing SIPs and redemptions generally remain permitted, subject to scheme-specific conditions.
HDFC, Kotak, ICICI Prudential among 17 mutual fund houses to temporarily restrict subscriptions in gold ETF FoFs
Around 17 mutual fund houses have temporarily halted fresh subscriptions to gold ETF Fund of Funds from October 15–16, citing SEBI-related instructions or unspecified reasons. Redemptions and existing systematic investments continue, amid rising gold ETF inflows and seasonal festive demand ahead of Dussehra and Diwali.
Ashok Leyland just had a record June quarter. So why did the margin fall a full point?
Ashok Leyland's June-quarter has an unusual contradiction. The company sold 48,763 commercial vehicles, its highest-ever first-quarter volume, and revenue from operations rose 10.43% to Rs. 9,634 crore. Yet, the operating EBITDA was Rs. 970 crore, almost the same as a year earlier. The Q1 FY 27 result must, therefore, be understood not in terms of greater demand, but in terms of why the record volumes and revenue did not lead to an increase in operating earnings.
China is building a new rulebook for dealing with the US — tariffs are only the beginning of a much broader reset
China and the United States have established a reciprocal framework for tariff reductions on approximately $30 billion of goods from each side. They created two new boards to facilitate trading and investment discussions as a means of ongoing economic cooperation. Additionally, a dedicated dialogue on artificial intelligence (AI) issues has been initiated between the two nations. The Kuala Lumpur trade arrangement has also been extended for further negotiations.
Qatar resumes maritime operations, lifts vessel suspension
Qatar has lifted its temporary ban on maritime navigation for all vessels, effective immediately. This decision reverses a suspension imposed last month due to escalating regional tensions involving Iran, Israel, and the United States. The move aims to ensure the safe passage of ships through vital Gulf waterways, crucial for global energy and trade markets. Operators are urged to adhere to all safety regulations for secure voyages.
India urges Russia to approve 32 seafood processing units for supplies
India welcomed Russia’s approval of 128 seafood processing units for exports, calling it a sign of growing trust. Fisheries Minister Rajiv Ranjan Singh urged Moscow to clear the remaining 32 units and lift temporary suspensions to further boost trade. Expanded access will benefit 30 million fishery-linked livelihoods, diversify exports, and strengthen India’s position as a leading global seafood producer.
Tata Mutual Fund announces suspension of subscription to units in Tata Silver ETF Fund of Fund
Tata Mutual Fund has become the fourth fund house to suspend subscriptions in its Silver ETF Fund of Fund, citing a shortage of physical silver and high domestic premiums. The suspension, effective October 14, applies to lump-sum, SIP, and STP investments until further notice.
After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions
Following Kotak and UTI Mutual Funds, SBI Mutual Fund has temporarily suspended fresh subscriptions to its Silver ETF Fund of Fund (FoF) from October 13. The fund house notified unitholders via a notice cum addendum, citing the current market scenario and the need to safeguard investors’ interests. Redemptions, SIPs, and switch-outs will continue as per scheme terms.
Bull run for gold & silver likely to continue on central bank demand, weaker dollar: Kotak AMC's Nilesh Shah
Gold and silver are expected to stay supported in the coming months, driven by central bank demand, a weakening dollar, and supply constraints. Kotak AMC’s Nilesh Shah highlights that these factors, alongside festival-driven premiums, make precious metals a key hedge and long-term portfolio diversifier.
NCDEX's average daily turnover grows 47% to Rs 1,857 crore in FY22
The exchange's average daily turnover in the previous fiscal was higher than Rs 1,261 crore in FY21 and even higher than Rs 1,794 crore that prevailed during the pre-pandemic 2019-20 year, it said in a statement.
Government suspends issuing export benefits under key schemes
The Directorate General of Foreign Trade (DGFT) said that benefits under the Merchandise Exports from India Scheme, Service Export from India Scheme, Rebate of State and Central Taxes and Levies, and Rebate of State Levies have been “put on hold for a temporary period”.
Union budget opens floodgates for Chinese stainless-steel companies: ISSDA
By way of announcing a temporary suspension of Countervailing Duty, the government has enabled irrational imports of stainless-steel finished products from China and Indonesia, where injury to domestic industry had been proved after detailed DGTR investigations, said Pahuja.
Suspension on expedited H-1B visa to affect IT companies: Nasscom
In the past few weeks, there have been proposals to overhaul the popular H-1B visa regime through various legislations which have added to the worries of the Indian IT sector.
India to seek market access for mangoes, bovine meat from South Africa
India is expected to seek from South Africa market access for mangoes, grapes and bovine meat in order to increase the country's exports.
India wants Russia to lift rice imports ban
Rice export to Russia rose five times to $25 million in April-December 2012.
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