Experts Financial News

Ottawa may not be done firing trade salvos at China as Finance Minister Chrystia Freeland said the federal government was considering further tariffs.

Aditya Birla Group entity Birla Estates has concluded the deal to acquire over 24.5-acre land parcel in Thane’s Kalwa locality from Hindalco Industries for over Rs 537 crore. The board of directors of Hindalco Industries had approved this sale of land in July to Ekamaya Properties, a wholly owned subsidiary of Birla Estates. The buyer has paid stamp duty worth Rs 37.62 crore for the deal’s registration that took place on September 4, showed the documents accessed through real estate data analytics firm Propstack.

HG Infra Engineering shares jumped over 5% to Rs 1,579 in Friday's intraday trade on BSE after the company received an order worth Rs 716 crore from Central Railway. The contract involves constructing a new broad gauge line between Dhule (Borvihir) and Nardana in Maharashtra, covering approximately 49.45 km. The project, to be executed under the engineering, procurement, and construction (EPC) model, has a timeline of 30 months.

Campus Activewear have surged 24% over the last 5 trading sessions, reaching a new all-time high of Rs 345.10 on the BSE today amid heavy trading volumes. As of 10 a.m. today, 86.5 lakh shares worth Rs 292.64 crore were traded on the NSE, and the stock currently has a market capitalization of Rs 10,385 crore.

With a potential strike by Air Canada’s pilots or a lockout by the company inching closer, travellers may be wondering what rights they have and what they can do if their flight gets cancelled.

Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper and RBL Bank. Granules India is the latest entrant to the ban list.

Bajaj Housing Finance IPO, which was expected on Thursday, is now likely to be finalised today. The shares are expected to get listed on the exchanges on September 16. In the unlisted market, the company's shares are trading with a GMP of Rs 79, which translates to a premium of 114% to the issue price.

IT hardware manufacturers are urging the government to significantly reduce the five-to-six-month certification process for locally-made laptops and notebooks, which they say is hindering production ramp-up under the production-linked incentive (PLI) scheme for IT hardware. Industry executives have informed the Ministry of Electronics and Information Technology (MeitY) about the extended timelines for acquiring BIS (Bureau of Indian Standards) certification. This is due to the mandatory separate tests for battery packs installed on laptops, after running viability tests for making the products with local contract manufacturers. “Currently, because of the requirements of acquiring testing certificates for individual components like the battery pack as well as the laptop as a whole, the whole process takes around 5-6 months, where the products themselves have a shelf life of 8-10 months,” a senior executive at a leading IT hardware brand told ET on condition of anonymity.

Indian equities had a euphoric day on Thursday as Nifty made a fresh high above 25400 levels amid strong buying witnessed in the last hour of the session. «Overall we expect the market to continue its ongoing momentum on the back of healthy buying by FIIs and retail participation at every dip. Key event to watch out on the domestic front — India’s inflation data,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Since Covid struck, the North and the East have led other regions in adding more financial investors. Data showed the number of investors from the north on the National Stock Exchange (NSE) quadrupled since FY20, reaching 35.7 million as of July 31.

recession in the United States, and the Federal Reserve is trying their best to halt it for as long as possible. Reports suggest that they have gone to the extent of planning an interest rate cut of 50 basis points for stopping the impending recession in its tracks. However, there are multiple other market factors in play, which could bring in a recession or an economic downturn, and the upcoming US elections 2024 could also be one of them.

A strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year

The crypto market has taken a major bearish hit as Bitcoin (BTC) struggles to maintain its position. Recent predictions from market experts like Arthur Hayes suggest a persistent decline. However, they recommended certain altcoins like FXGuys ($FXG), Aave (AAVE), and Bitcoin Cash (BCH) to be worth considering during this downtrend. Let’s see why!

Realty developer Puravankara has secured the right to redevelop a housing society spread over half an acre in South Mumbai’s Breach Candy locality marking its foray into the country’s super-luxury property market. Residential property rates in the vicinity currently are in the range of Rs 1.25 lakh to rs 1.40 lakh sq ft per sq ft. «Our entry into South Mumbai with the redevelopment of Miami Apartments at Breach Candy marks a significant milestone for Puravankara…We are excited to bring our expertise to South Mumbai and redefine the standards of luxury living in this prestigious neighbourhood, while strengthening our presence in other markets,” said Ashish Puravankara, MD, Puravankara.

eviction drive. The deceased have been identified as Haider Ali and Juwahid Ali. They succumbed to injuries from police firing at Sonapur District Hospital. Revenue Circle Officer Nitul Khatoniar and four police officers, including a female constable were injured. Clashes broke out when police, along with district administration officials, attempted to evict alleged illegal settlers from a 100-bigha plot of land in the area. Over 150 people reside in the area.

Markets regulator Sebi on Thursday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Karvy Stock Broking and its CMD C Parthasarathy to recover dues of around Rs 25 crore. Before this, the regulator on August 7 sent a notice to Karvy and Parthasarathy asking them to pay dues within 15 days in a case pertaining to misappropriation of clients' funds by misusing the Power of Attorney (PoA). The notice came after the entities failed to pay the fine imposed on them by Sebi.

The COVID-19 pandemic and Russia's invasion of Ukraine in 2022 are two examples of recent global events that have caused higher gas prices. According to Patrick DeHaan, head of petroleum analysis at GasBuddy, the market is coming into a better sense of balance. So it certainly is good news for the incumbent party, potentially, that gas prices are falling, though he expects there will continue to be a lot of noise from politicians on both sides of the aisle on this issue. Wednesday saw the national average price of gasoline drop to about $3.25 per gallon from $3.31 per week and $3.45 per month. According to DeHaan, the price drop is normal for the early fall. Also Read: US Inflation Rate: Which cities are facing the highest and lowest costs?

bullion prices. The gains were triggered by a 25 bps rate cut by the European Central Bank (ECB). The October gold futures on the MCX were trading at Rs 72,571 around 7:20 pm while the December Silver contract was hovering at Rs 85,935 per kg around this time.

Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United States, mentioned CBRE. Domestic firms saw a substantial 60% increase in office space absorption in the last two years, compared to the pre-pandemic years of 2018-2019. These firms have accounted for nearly 47% of overall office leasing activity in the last decade, with Delhi-NCR leading the way, followed by Bengaluru and Mumbai. According to the report, cities like Bengaluru and Hyderabad saw increased occupancy by e-commerce and life sciences firms, respectively, reflecting their strong growth trajectories. Further, Mumbai emerged prominently with a 43% share of domestic BFSI leasing, bolstered by substantial contributions from Delhi-NCR and Chennai during 2018 – H1 2024.

stock exchanges and other market infrastructure institutions (MIIs) to ensure that the Recovery Point Objective (RPO) — the maximum period for which data loss is tolerable due to a technical glitch or disruptions — is near zero. In market parlance, a recovery point objective (RPO) of near zero means that an institution should aim for almost 100 per cent availability of their data and applications. Further, MIIs need to have a documented methodology for data reconciliation when resuming operations from Disaster Recovery Site (DRS) or any other site as applicable, Sebi said in a circular.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...