BROKERS

  • Bhupinder Hooda not CM but property dealer: Kejriwal February 23, 2014

    The Aam Aadmi Party on Sunday kick-started its Lok Sabha poll campaign in Haryana where it targeted Chief Minister Bhupinder Singh Hooda over alleged involvement in corrupt land deals with Reliance. ...
  • FTP: Is there an housing apartheid when it comes to castes and communities? November 11, 2013

    A leading property portal is in the line of fire after a broker posted an advertisement for the sale of a flat in Mumbai clearly mentioning that Muslims are not welcomed. The advertisement about a flat located at Dadar's Hindu Colony in Mumbai was put up on 99acres.com by broker...
  • Maharashtra minorities panel to act against 'No Muslims' flat sale ad November 8, 2013

    Mumbai: The Maharashtra state Minorities Commission has promised to take action against the broker who posted an advertisement for a flat saying Muslims not allowed. State Minorities Commission Chairperson Munaf Hakim said, "There are several cases of discrimination against minorities in housing that have come before. This discrimination has been...
  • Petition filed against Mumbai broker who posted 'no Muslims' ad November 8, 2013

    Mumbai: A controversial advertisement in Mumbai has sparked an outrage. A Mumbai broker put up an ad for the sale of a flat which says 'No Muslims are welcome'. A petition has been filed with the National Commission for Minorities seeking action against the broker and the portal. A CNNIBN...
  • Mumbai property broker says no to Muslims November 7, 2013

    New Delhi: A leading property portal is in the line of fire after a broker posted an advertisement for the sale of a flat in Mumbai clearly mentioning that Muslims are not welcomed. The advertisement about a flat located at Dadar's Hindu Colony in Mumbai was put up on 99acres.com...
  • Rent hike should be linked to the price index: Praveen Khandelwal July 9, 2013

    The Delhi Rent Act, hanging in a limbo for the last 18 years, will influence rental laws across the country. So what can be a winwin situation for both the landlord and the tenant? Confederation of All India Traders' secretary general Praveen Khandelwal joined IBNLive readers on the need for...
  • Police officers under scanner over stock broker's suicide July 3, 2013

    Bangalore: Karnataka Chief Minister Siddaramaiah on Tuesday ordered a probe into a claim in a suicide note allegedly written by a stock broker that he was taking his life due to harassment by two police officers to pay Rs 7 crore. "The CID (Criminal Investigation Department) will investigate and action will...
  • Sebi eases entry norms for market entities for debt membership June 26, 2013

    Mumbai: As part of efforts to boost the country's debt market, market regulator Sebi on Tuesday eased the entry norms for market entities and waived off the deposit and annual fee for those already registered for other segments. For membership of debt segment, the Securities and Exchange Board of India (Sebi)...
  • Mumbai brokers arrested for killing Pune billionaire May 6, 2013

    Pune/Mumbai: Two Mumbai realty agents, nabbed in connection with the brutal murder of a Pune billionaire and his secretary for a property deal in Mumbai, were sent to police custody till Friday by a Pune magistrate in Mumbai on Sunday. Ibrahim Ismail Shaikh, 38, and Ravindra Shankar Shetty, 37, were...
  • Nifty ends 100 points up; ITC hits life high, IT stocks gain April 29, 2013

    Mumbai: Key equity benchmarks closed in green after consolidating for most part of the day. The action was by and large limited around the stocks that had declared their results. Positive regional shares helped the Nifty to close above 5900 mark once again. Broking house Religare expects to see some correction...
  • Actor Krishna Murali plays the lead in 'Broker2' March 25, 2013

    R Patnaik's Telugu flick 'Broker', which had been produced by Maddineni Ramesh had been critically acclaimed. Now a film is being made which is titled as 'Broker2' , with Posani Krishna Murali playing the title role. Maddineni Ramesh will direct and produce this film and the launch of which took...
  • Brokers request Finance Minister to rejig STT February 19, 2013

    Mumbai: It's Budget month and just like last year, this year too, speculation is rife about the fate of the controversial Securities Transaction Tax (STT). At their end, capital market participants want the Finance Minister to have a relook at the rate of STT to begin with. Single page advertisements...
  • UBS admits fraud in $1.5 billion Libor rigging December 19, 2012

    Zurich: Swiss bank UBS swallowed a $1.5 billion fine and admitted to fraud on Wednesday after a global probe revealed its staff orchestrated the manipulation of benchmark interest rates over three continents. UBS traders colluded with brokers to rig the Libor rate, which is used to price trillions of dollars...
  • Six booked for Gurgaon share broker's suicide December 9, 2012

    Gurgaon: A share broker's wife and five others, including his inlaws, have been booked here for abetting his suicide, police said on Sunday. Pradeep Kumar, 30, a resident of Paschim Vihar in West Delhi, was found hanging from a ceiling fan in his rented house in Sushant Lok on Saturday,...
  • Markets swoon, brokers become couples counselors September 6, 2011

    New York: With investors falling in and out love with Wall Street at a rapid pace, some financial advisers are finding themselves playing a new role that of marriage counselor. In general, people don't appear to agree about one of the most critical investment decisions of their married life: How...
  • Citizen Journalist: Prem fights DDA, brokers May 22, 2011

    Citizen journalist Prem Kandwal reports of how the DDA works handinhand with brokers. ...
  • Sinha assumes office as 8th SEBI Chairman February 18, 2011

    Mumbai: Upendra Kumar Sinha on Friday took charge as market regulator SEBI's Chairman from the outgoing Chief Chandrashekar Baskar Bhave, who is said to have considerably raised the bar of the institution during his threeyear tenure. As the 8th Chairman of the market watchdog, 'UK', as he is known among his...
  • Watch: Diwali bonanza for stock brokers October 18, 2009

    Traders are queuing up at Calcutta Stock Exchange to enjoy Diwali offers. ...
  • Forbes India: No longer mutual for the middleman July 21, 2009

    From August 2009, the Indian mutual fund industry will change its distribution model under an order from the Securities and Exchange Board of India. The regulator has done away with entry load for schemes. This will cause a lot of turmoil for all three parties involved: Mutual fund companies, investors...
  • Gurgaon businessman kills self over market losses November 17, 2008

    New Delhi: Despite the global economic gloom not having affected Indian economy as badly as it has hit bigger economies like the US, UK and Japan, it has spelt disaster for many. The latest to fall prey to the economic crisis is a businessman who committed suicide after he lost...
  • Markets end in green on confidence boosting cues October 21, 2008

    Mumbai: Despite the arrest of a statelevel politician and the resultant violence here, Indian equities finished in the green on Tuesday, buoyed by the cut in a key lending rate by the central bank. Prime Minister Manmohan Singh's statement on Monday that the Indian economy continued to be resilient and...
  • ICICI Bank files FIR against brokers, website October 13, 2008

    Mumbai: Battered by rumours that cast doubts about its financial health, ICICI Bank on Sunday approached police alleging certain brokers with a Mumbaibased brokerage house were indulging in "malicious" rumour mongering. Terming it has economic terrorism, an ICICI Bank spokesman said "we will be approaching all regulators including SEBI on this." ICICI...
  • Market crisis: Investors' morale low, savings in peril October 9, 2008

    Mumbai: It's not just investment bankers and traders who have been hit by the financial crisis. In India, the profile of investors includes the retired, the housewives and the middle class. Many have just seen their savings wiped out. The torrid financial wave has hit like a tsunami. Global markets seeing...
  • Financial crisis: Hyderabad Family commits suicide September 19, 2008

    Hyderabad: Three members of a family on Thursday committed suicide by burning themselves after failing to cope with crumbling Wall Street, police said. Relatives of 30yearold Upender, his wife Swati and their twoandhalfyear old son Akshaj were informed of their death early on Friday. Though no note was found in the...
  • Wall Street impact, Indian broker commits suicide September 19, 2008

    Indore: Failing to cope up with the growing uncertainty in the Indian markets, another stock broker committed suicide in Indore, allegedly out of desperation after a fall in the markets. Though Indore police have not confirmed the death as a suicide, family members say he may have...
  • Court directs broker Ketan Parekh's bail be cancelled August 27, 2008

    New Delhi: The Supreme Court has directed the Madhavpura Mercantile Cooperative Bank (MMCB) to approach the trial court to cancel contoversial stock broker Ketan Parekh's bail. The SC issued the warrant after Parekh repeatedly defaulted in repaying the 888 crore rupees he owes the Madhavpura Mercantile Cooperative bank. Parekh has...
  • Terrorised Indians run for insurance cover August 2, 2008

    Mumbai: Dealing with terror attacks seems to have become a part of life. Indians are running for insurance cover in case of blasts in the future. There was a sudden spate of customers for Optima Insurance brokers and New India Assurance. Post the recent terror attacks, 3,000 people...
  • Delhi man in custody till April 26 for harassing Sushmita April 1, 2008

    Mumbai: Mumbai Police have arrested a share broker for harassing film actress Sushmita Sen. Police say he is from Delhi and was troubling the actress since February 5, by sending her messages on her phone, gifts and love letters. Sushmita Sen is used to admirers and their blind adoration, but this...
  • Investors elated with the 16k party, book profits September 19, 2007

    Mumbai: The strong rally in the stock market and the crossing of yet another crucial index landmark is reason enough for celebrations at brokerage houses in Mumbai. As the Sensex crossed 16,000 level, cakes with candles highlighting the magic number were brought forward. And for investors like 45yearold Mahendra Bhai...
  • Commodity brokers raided in 24 cities June 19, 2007

    New Delhi/ Mumbai: The Income Tax department on Tuesday raided commodity brokers in 24 cities to unearth black money. The properties of 14 brokers in Maharashtra and two in Gujarat were searched during the raids targeting multicommodity exchanges across the country. Department officials said the offices and residence of Jignesh Shah, Director...