MULTINATIONAL TRADERS
Ivory Coast bans some cocoa sales in another threat to market
Ivory Coast takes steps to secure scarce cocoa supplies for local processors, potentially restricting bean exports and tightening the global market.
TRADERS’ CORNER: Steel & wire maker ropes itself to 5% ride as QSR stock aims at 6%
Nifty opened negative and saw a small recovery. But it lost energy to fight and ended in loss.
Trading firms & global investment managers make lucrative crore-plus offers to onboard top tech talent at IITs
The top offer breached the Rs 2 crore mark at the time of filing this report. US software company Databricks made an offer of about Rs 2.05 crore at IIT Roorkee for an international role. Bulk of the compensation will comprise restricted stock units, said a placement official.
Scanner on private wheat purchases at Uttar Pradesh's Lalitpur
The clearance currently is required only for Lalitpur, where procurement was among the lowest in the state this season, but traders fear it could be extended to other districts as well if the overall numbers remained low. However, the Lalitpur district collector said the administration issued the April 12 order after it found out that private traders were buying wheat at below minimum support price (MSP). "After verification of their documents, we will allow them to use railway rakes," Aalok Singh told ET.
Global food supply risks rise as key traders leave Russia
The exit of Cargill Inc. and Viterra means Russia, the world’s largest wheat exporter, will have more control over its food shipments and reap more of the revenues. Russia’s dominance in the global grain market was laid bare by the war in Ukraine, with prices surging last year amid supply disruptions.
Decoded: Why German retail giant Metro wants to exit India
The irony, however, is that although kiranas have shed their earlier suspicions, most of their 'vocal local' supporters haven't. This is particularly unfortunate for German retail giant Metro Cash and Carry's operations in India, which has benefited many kiranas across the country. When the Dusseldorf-based company entered India in 2003, a series of protests were held by activist outfits and a few local farmers' unions, claiming that the livelihood of small traders would be threatened.
- Go To Page 1
Wheat traders go to court as MNCs cancel contracts
Many brokers and small traders told ET that they do not have the courage to start litigation because it will be an unequal battle.
Wheat export ban leads to litigation between traders and exporters
Tridev Traders, a grains trading firm from Uttar Pradesh, has sent legal notice to KN Agro Resources, a listed Mumba-headquartered company dealing with commodities apart from other interests, about sudden cancellation of the wheat purchase order.
Grain exporters tap EU supplies as war shuts Ukraine ports - traders
Romania, a major grain supplier that, like Ukraine, exports through the Black Sea but outside the conflict zone, was seen as an obvious back-up option for merchants.
FDI policy in e-commerce sector should be enforced in letter and spirit: CAIT
The present policy, that allows 100 per cent FDI in marketplace e-commerce platforms and prohibits FDI in inventory-based model of e-commerce, is absolutely correct and in line with government's intent to protect the small merchants, he said.
Traders allege cartelisation in the Cotton Corporation of India's bulk discount scheme
Traders have alleged such a huge investment was possible for only a handful of the multinationals and a few Indian buyers, allegedly including two office-bearers of the Cotton Association of India (CAI). They claimed these bulk buyers formed a cartel to take advantage of the CCI's scheme.
SIMA urges Union textile minister to intervene in cotton trading policies of CCI
The Southern India Mills’ Association chief has urged the Union textile minister to instruct CCI to sell the cotton at market price so that the spinning mills could procure the cotton at a competitive price.
Cotton exporters hope to resume trade with Pakistan
Indian merchants peg potential cotton exports from India to Pakistan at $1.5-2 billion.
100-day agenda: DPIIT proposes to formulate national retail policy
Domestic traders' body Confederation of All India Traders (CAIT) has time and again requested the government for the policy.
Coca-Cola, Pepsi face Tamil Nadu trader activism again
While trade sources say the ban could take effect in August this year, retailers are uncertain whether the ban will be a total one.
CAIT hits out at US-India advocacy body on FDI in e-comm norms
The marketplace itself cannot discriminate among vendors and one seller cannot have more than 25% of sales on one ecommerce marketplace.
CAIT opposes 100% FDI in single brand retail via automatic route
The Confederation of All India Traders (CAIT) said the move will facilitate easy entry of MNCs (multi-national companies) in the retail trade.
Some Kerala traders to stop selling Coke & Pepsi
The move follows a drought in Kerala, with traders backing the ban alleging that both multinational companies have been depleting the state’s water resources.
Traders Jittery as govt plans to hike wheat import duty by 10 per cent
Traders and processors of wheat products are concerned over a likely move by the government to impose a 10 per cent duty on the cereal grain to discourage imports
Traders oppose FDI in retail, ecommerce; HC asks Centre to take views
The court observed that while framing a policy the executive is required to take views of all the stakeholders.
Traders' body urges Centre to bring comprehensive rent law
DRVS has claimed that a considerable number of small traders are being evicted from their establishments by landlords.
Punjab and Haryana markets receive new paddy crops
Of this, it is expected to buy 8.2 million tonnes from Punjab, 4.35 million tonnes from Chhattisgarh and 4.1 million tonnes from UP.
United Spirits tanks 8% as traders short sell on buzz that Diageo's open offer to be around 53%
An acceptance ratio of 70% means seven out of 10 shares an investor or a trader tenders in the open offer will be accepted.
Government's new series of tenders for wheat exports may evoke poor response
Government's new series of tenders for wheat exports opening from Wednesday may evoke a tepid response from private traders amid weak global demand.
Traders body CAIT opposes implementation of FDI in retail
Opposing the implementation of FDI in multi-brand retail, traders association CAIT said the government is acting under "some hidden pressure".
Wheat exports by private traders may be banned
The government fears grain available for local sales might be diverted to foreign markets to cash in on rising global prices.
Kerala traders shut down to protest FDI
A large number of traders in Kerala Wednesday shut down their businesses to protest moves to permit foreign direct investment (FDI) in the retail sector.
Food security Bill will benefit multinational corporations and hurt genuine traders
The charter of the proposed National Food Security Bill (NFSB) is reminiscent of the socialistic era from the 1960s through the 1980s.
UPA playing in the hands of multinational companies: Prem Kumar Dhumal
The Union Cabinet's decision to allow 51 per cent FDI in the retail sector amounts to playing into the hands of multinational companies.
Load More
