Latest news with #Out
India Gazette
2 days ago
- India Gazette
Gopal Kanda moves court for cancellation of ED's Look Out Circular
New Delhi [India], May 31 (ANI): Gopal Goyal, alias Gopal Kanda, has moved to the Rouse Avenue court for the cancellation of a Look Out Circular (LOC) issued against him by the Enforcement Directorate (ED) in a money laundering case. His brother, Gobind Kumar Goyal, and son, Lakh Ram Goyal, have also moved similar applications. The case is connected with Ram Kishor Arora and Supertech Ltd. Special Judge Jitendra Singh on Saturday granted the prosecution a final opportunity to file a reply to the applications. Special public prosecutor (SPP) N K Matta, along with Mohd. Faizan appeared for the ED and sought time to file a response. The court has listed the matter for a hearing on June 3. Applications seeking cancellation/suspension of LOCs were filed on May 28. ED has recently filed a supplementary Prosecution complaint on January 17 against the Goyal brothers. The petitioner stated that on November 2, 2023, when Gopal Goyal was going to Singapore, he was stopped at Indira Gandhi International Airport on the pretext of an LOC opened against him by the ED in this case. The plea stated that LOC is illegal and unwarranted, as the applicant joined and cooperated in the investigation. The court is yet to take the cognisance of the supplementary Prosecution complaint. In another application, Gobind Goyal states that the ED has opened LOCs against his nephew Lakh Ram Goyal and brother Gopal Goyal. He has genuine apprehension that the ED has also opened an LOC against him. The third application moved by Lakh Ram Goyal stated that he has not been arrayed as an accused in the complaint. He had joined and cooperated with the ED's investigation. It is further stated that Lakh Ram was stopped at the airport on December 21, 2024, on the pretext of an LOC being opened against him. He was travelling from Goa to Bengaluru with his family. This case is connected with Ram Kishor Arora and Supertech Ltd. A Prosecution complaint was filed on August 24, 2023. This case was transferred to the Patiala House Court from the Rouse Avenue Court. The court noted that the Patiala House court had already taken cognisance of the Prosecution complaint on September 26, 2023 and issued a summons to Ram Kishor Arora, M/s Supertech Ltd., and other accused persons. The court is scheduled to consider the supplementary Prosecution complaint against the Goyal brothers and arguements on the charge on June 6. (ANI)
Mint
2 days ago
- Business
- Mint
From TACO, FAFO to MEGA: Acronyms investors are loving in Donald Trump era
Donald Trump's love for catchy acronyms has been quite evident during his four-month presidency till now, and the US President is often seen turning catchphrases like MAGA, DOGE and MAHA into slogans. Now, market observers have taken a cue to follow his path, coming up with a few of their own acronyms that have been spreading across the trading industry. As per a report by Reuters, traders say that these acronyms are relevant for Trump-era markets, such as volatility and uncertainty, which investors need to consider when making decisions. Some of the new labels are associated with investment strategies that aimed to capitalise on Trump's economic and trade polices and international relations goals. Others are targeted at economic implications or his U-turns as markets and trade partners react to his proposals. From TACO to FAFO, here are some of the new acronyms that have captured the investment world in the recent times: TACO stands for 'Trump Always Chickens Out'. The word was coined by a Financial Times columnist and refers to the US President's tendency to go back and forth on tariffs and trade deals in the wake of his April 2 "Liberation Day" speech. When asked about TACO earlier this month, Trump was visibly offended. An acronym for 'Fuck Around and Find Out', FAFO is a word that has been there for quite a long time. However, it has found some renewed relevance as a favourite work at trading desks. It is used to capture the financial market's volatility and chaos that Trump's policymaking process has created. This MAGA stands for 'Make America Go Away' first appearing in response to Vice President JD Vance's brief and unfruitful visit to Greenland, the autonomous territory of Denmark, which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking "wishful thinking" about simply boycotting US investments, as per Reuters. Meaning Make Europe Great Again, MEGA was first coined last year to address European competitiveness. It has resurfaced this Spring as a way to describe the flurry of investor interest in and flows into European markets. It's been revived by investors and traders in light of the outperformance European stocks in the immediate aftermath of Trump's "Liberation Day" tariffs bombshell.
Yahoo
3 days ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, it's been another busy week of policy pivots, headline whiplash, and economic data that's left investors more confused than confident. But through it all, one phrase has gained prominence this week: the "Taco Trade," short for "Trump Always Chickens Out." That phrase sums up a growing view that while the president talks tough on tariffs, he rarely follows through. And it's that assumption that's driven the market recovery we've seen over the past month. Still, it's not foolproof. We saw sentiment take a hit today after Trump fired off a post on Truth Social, accusing China of quote "violating its trade deal." Just hours later, Bloomberg reported the Trump administration is planning to tighten tech sanctions targeting Chinese subsidiaries that have been skirting existing curbs. The news initially sent stocks sharply lower, before we saw a bit of a rebound heading into the close, and adding another twist to the saga, a federal trade court in Manhattan struck down a swathe of Trump tariffs, citing legal flaws in how they were imposed. And although a federal appeals court temporarily paused that ruling, it's just adding more fuel to the fire when it comes to a lot of this market uncertainty. Looking ahead, some say stocks are banking too heavily on Trump backing down again. Here's what Wall Street experts told Yahoo Finance this week. We told Donald Trump that that we have this Taco Trade, and so I worry a little bit that that actually makes him bear down a little bit more and decide to be more, you know, more gripping on some of these tariff trades. And so, I have a little bit of a concern that that creates actually more uncertainty. So, I don't think this is the last word on tariffs, but I agree this is a roller coaster ride, not good for long-term planning and not good for corporate investment. Based on the past, we're going to get a lot of, "He loves me, he loves me not," the Taco Trade, the Tofu Trade. We're going to get a lot of that talk back and forth. But what investors really need to be focused on is economic data, especially the jobs week that's coming up next week and what the Fed is doing in response. So, bottom line here, the Taco Trade may still potentially have some mileage, but as politics, policy, and legal realities collide, that bet could be looking a lot riskier. And guys, I looked up what exactly the Tofu Trade is that Callie Cox referenced. Apparently, it's been circulating on ExitStat. Trump always likes to intervene when markets are at highs. I don't really know how the acronym plays out fully there, but it just goes to show how investors are really trying to understand this administration amid all of these shifting trade policies. Yeah, it is hard to follow. Acronyms can help though. Ali, thank you, appreciate it.
Scoop
4 days ago
- General
- Scoop
Give Volunteers A Big Shout Out This June
Press Release – Volunteering New Zealand Over 53% of New Zealanders volunteer, and while formal volunteering through organisations has dipped slightly since 2021, the hours given are increasing. Volunteering is evolving more flexible, informal, and community-led than ever before. Give a Big Shout Out to the volunteers in your community this June, says Volunteering New Zealand. The Big Shout Out is a month-long celebration recognising the people across Aotearoa New Zealand who give their time, skills, and energy to help others. Back for its third year, the campaign runs throughout June and includes National Volunteer Week (15–21 June). It's all about shining a spotlight on the quiet contributions volunteers make — often behind the scenes and without expectation. 'Volunteers are vital to our communities, and everyone who gives their time to help their neighbour, school, marae or community organisation deserves a big shout-out,' says Michelle Kitney, Chief Executive of Tūao Aotearoa Volunteering New Zealand. Over 53% of New Zealanders volunteer, and while formal volunteering through organisations has dipped slightly since 2021, the hours given are increasing. Volunteering is evolving – more flexible, informal, and community-led than ever before. 'Many volunteers go unrecognised – this campaign gives us all a chance to say, loudly and clearly: a big thank you!' Michelle says. Led by Volunteering New Zealand, The Big Shout Out is a nationwide, social media-based campaign encouraging everyone to say thanks to the volunteers who make our communities stronger. More than 40 events will be held by volunteer centres and other organisations nationwide, celebrating about 3000 volunteers. Calls to action Show your thanks for volunteers in your life. Share a photo or message of thanks on social media #thebigshoutout Shout volunteers a morning/afternoon tea or other celebration. They deserve it! Background information Tūao Aotearoa Volunteering New Zealand is the peak body for volunteering and volunteers in New Zealand. Volunteering is crucial for strong communities, and community organisations rely on volunteers. We support organisations to manage volunteers effectively, and speak up for volunteers and volunteering.
Yahoo
4 days ago
- Business
- Yahoo
Trump Fumes Over Wall Street's 'TACO' Jibe – Are His Tariff Flip-Flops to Blame?
Donald Trump lashed out after being asked about "TACO" – Wall Street slang for 'Trump Always Chickens Out' – which mocks his habit of walking back tariffs. He called the phrase "nasty" and defended his trade tactics as tough negotiation.
