General Trading Chat

Is this a good news for the small guys ?

SC orders Franklin Templeton to pay Rs 9,122 crore to unit holders

https://timesofindia.indiatimes.com...rore-to-unit-holders/articleshow/80652767.cms
These were top yeilding debt mutual funds.Investors money is held up for last 7-8 months though the funds have become cash surplus .This is because of litigation. Now with Supreme Court order, 50-55 % will be released immediately...and balance as and when the underlying securities mature...definately a welcome decision...
 
import duty reduced and agri cess added...net net some 2000 rs reduction for 10g I read somewhere
But that should apply nationally, why the prices lower in Chennai and highest in Surat ?
 
But that should apply nationally, why the prices lower in Chennai and highest in Surat ?
Chennai is the smuggling capital & also wholesales gold smuggled in to kerala.
Maximum demand for bars/jewellery is always in Mumbai/surat/delhi where the price is always higher than chennai. tamilnadu population does not have the money to buy & hoard. so chennai always at discount to the screen price (mostly lowest in india) .
"People" do carry with "high risk" & sell at higher price in kokata/delhi /surat by train.
 
hmmm...

Sebi bars Future Group CEO Kishore Biyani from accessing securities market for 1 year
1 min read . Updated: 03 Feb 2021, 06:38 PM ISTEdited By J. Jagannath
  • Kishore Biyani has also been barred from buying, selling or dealing in securities of Future Retail for 2 years
  • Future Corporate Resources and the two Biyani brothers will each need need to pay a penalty of ₹1 crore within 45 days, Sebi said
https://www.livemint.com/companies/...urities-market-for-1-year-11612357348986.html
 

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