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The Chamber of Trade and Industry (CTI) has demanded a ban on large-scale protests in Delhi's key commercial and central areas from Navratri till Diwali, citing their impact on businesses. The outfit also urged the government to designate a permanent protest zone outside the city. In a letter to Prime Minister Narendra Modi, CTI chairman Brijesh Goyal called for restrictions on large gatherings at Jantar Mantar, Parliament Street and Lutyens' Delhi, saying repeated demonstrations and disruptions to metro services were affecting traders and customer movement. Goyal said the festive period, beginning with Navratri and Ramlila events on October 11, is crucial for traders, with Diwali and the wedding season following. The organisation said restrictions are needed to protect the business of around 15 lakh traders in the national capital. According to a CTI survey, business activity in Delhi's markets has fallen by around 70 per cent over the past three days. The number of customers ..
Gold and silver prices are expected to sustain positive momentum next week amid heightened geopolitical tensions and the uncertainty surrounding the US Supreme Court's impending decision on President Donald Trump's tariff policy, analysts said. The release of inflation data from major economies, including the US, India, and Germany, along with trade and investment numbers from China and commentary from some Federal Reserve officials, will also be closely watched by the traders, they added. "The bullions are expected to continue their positive momentum and corrective moves should be a buying opportunity, as focus again will remain on the US Supreme court hearing in the Trump's trade tariffs case and the geopolitical issues surrounding US President Donald Trump's actions & comments," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures climbed by Rs 3,058, or 2.25 per cent, over the .
Delhi's trade associations on Wednesday expressed concern over the US decision to impose a 50 per cent tariff on Indian goods, but said the impact would largely be temporary as India would explore alternative markets and strengthen domestic competitiveness. The Federation of Sadar Bazar Traders' Association (FESTA) termed the step "unfair and unwise". "Tariffs will create a situation of trade war between the two countries," FESTA Chairman Paramjit Singh Pamma said. They appealed to Prime Minister Narendra Modi to give maximum relief to traders in GST and ensure low-interest loans so that domestic products can remain competitive. The Gandhi Nagar Market Association described the disruption as temporary. "This is only a short-term problem as our exports will be routed to other countries," said the association's President Naresh Sikka, adding that traders are confident better alternatives will be found under the Prime Minister's policies. Additionally, Khan Market Traders' Associatio
Traders and business associations in the national capital have welcomed the decision to abolish the requirement of a Delhi Police license for several commercial categories. They termed the move a step towards reducing bureaucratic red tape and easing business operations in the city. Sanjeev Mehra, president of the Khan Market Traders' Association, said the decision would provide partial relief to business owners but stressed the need for further streamlining. "It would be more effective if the government implements a single-window clearance system involving nodal officers from departments like Fire, Police, and others," he said. Paramjeet Singh Pamma, chairperson of the Sadar Bazaar Traders' Association, said the step was essential and long overdue. He added that the move would not only ease the licensing process for traders but also make it simpler to conduct business in the city. Brijesh Goyal, chairman of the Chamber of Trade and Industry (CTI), said the decision would reduce .
Sundaram Home Finance which has been expanding its presence beyond Southern markets has reached a milestone of breaching Rs 1,000 crore mark in its disbursements made in non-south markets in FY 2024-25, a top official said. Sundaram Home Finance is a wholly-owned subsidiary of Sundaram Finance Ltd. It provides home loans, plot loans, loans against property and business loans to traders and retailers. The city-headquartered company, a traditional player in south India, has expanded its presence in Maharashtra, Rajasthan and Madhya Pradesh. It also entered into the Chhattisgarh market. For the financial year ending March 31, 2025, Sundaram Home Finance made disbursements of Rs 6,517 crore (including south and non-south markets) which was up by 29 per cent from Rs 5,039 crore disbursements made in the same period of previous financial year (FY2023-24). With the growing presence in the country, the contribution from non-south geographies has doubled in the last couple of years to about