Gap Financial News

ONDC) has roped in Singapore-based platform Proxtera as its first international buyer app as part of its foray into international business-to-business (B2B) exports. Further, SignCatch and Rapidor, with Bech.app and placeorder.com respectively, will be among the first to join ONDC as international B2B seller network participants.

Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss." “In the private construction world, you’re not going to get a terribly sympathetic ear for that," said McMahon, chief executive of Bethesda, Md.-based Miller & Long. “It’s, ‘Hey, you knew the risks when you signed the deal.’" Diesel, jet and marine fuel prices are soaring, pressuring the construction companies, transportation businesses and farmers that are the biggest users.

Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.

By David Rosenberg and Marius Jongstra

White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States.

Unions have started a ban on tanker loadings at Chevron’s Wheatstone and Gorgon LNG plants in Western Australia in an escalation of industrial action that raises the likelihood of disruptions to exports and higher gas prices.

Ambuja Cements Ltd. traded at Rs 444.0 on BSE at 01:59PM (IST) on Thursday, up 0.06 per cent from previous close. The scrip quoted a 52-week low price of Rs 315.3 and a high of Rs 598.15. Earlier, the stock saw a gap up opening in the morning. A total of 47,004 lakh shares changed hands on the counter till 01:59PM (IST). The stock of Ambuja Cements Ltd.

Pidilite Industries Ltd. fell 0.61 per cent to Rs 2473.0 in Thursday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 23.94 points higher at 67490.93. Earlier in the day, the stock witnessed a gap up start to the session.

Stock market today: Small-cap stock AA Plus Tradelink shares witnessed heavy buying during early morning deals and hit 5 per cent upper circuit within few minutes of stock market's opening bell today. AA Plus Tradelink share price today opened with an upside gap and hit an intraday high of ₹11.39 apiece levels on BSE, finding no seller for the stock during early morning deals on Thursday session.

Stock market today: Despite pressure in mid-cap and small-cap indices, large-cap IT stocks have been in uptrend for last few sessions. TCS share price today had a gap up opening and the IT stock went on to climb to a new 52-week peak of ₹3,597.70 on NSE. Likewise, Wipro share price today opened upside and went on to hit a new 52-week high of ₹443.25 apiece on NSE.

SRF Ltd. gained 0.13 per cent to Rs 2396.95 in Thursday's session as of 01:24PM (IST) even as the equity benchmark Sensex traded 53.87 points higher at 67520.86. Earlier in the day, the stock witnessed a gap down start to the session.

Badrinath temple, known as 'Singh Dwar'. As per an exclusive TOI report, the cracks were initially noticed several weeks ago but were not disclosed to the public.

Stock market today: Despite profit booking trigger in small-cap and mid-cap index stocks, PSU bank shares have remained bulls' favourite in Indian stock markets. In early morning deals on Dalal Street four state-owned banks — Bank of India, Bannk of Baroda, Canara Bank and Punjab National Bank shares climbed to a new 52-week.

(This Sept.13 story has been corrected to fix the pronoun to 'she' in paragraph 8)

PI Industries Ltd. traded at Rs 3657.0 on BSE at 11:06AM (IST) on Thursday, up 0.56 per cent from previous close. The scrip quoted a 52-week low price of Rs 2870.0 and a high of Rs 4010.0. Earlier, the stock saw a gap down opening in the morning. A total of 1,084 lakh shares changed hands on the counter till 11:06AM (IST). The stock of PI Industries Ltd.

European Union may have just sparked one of its biggest battles. With European officials fearing millions of auto jobs are at risk from China’s surging electric vehicle exports, the bloc’s executive arm on Wednesday launched an investigation into Beijing’s financial support for the EV industry. The probe, which could take up to nine months, will probably lead to new EU tariffs on Chinese EV imports and embroil major non-European automakers like Tesla Inc., which produce cars in China for export to the bloc. The move may lead to tariffs close to the 27.5% level already imposed by the US on Chinese EVs, according to a person familiar with the matter. The EU duties could vary depending on the producer, the person added, asking not to be identified as the discussions are private and no decision has been finalized. The bloc’s investigation, as well as aggressive moves by Washington to counter China, are part of a broader rethink by governments in developed economies to bring production closer to home, especially for key sectors like semiconductors, pharmaceuticals and heavy industries, which were disrupted during the Covid-19 pandemic. That drive to secure supply chains, combined with the tensions after Russia’s invasion of Ukraine, has resulted in a simultaneous rush to throw up trade barriers, triggering fears of a global economic fragmentation.Major Market If the EU does impose duties, that would curtail one of the last major markets for Chinese EV exports, and raises the prospect of a cascade of defensive moves in places like the UK to protect their markets being flooded by vehicles redirected from the EU. Shares of Chinese electric vehicle makers staged a mix performance Thursday with BYD Co Ltd.

Mint explains: While iPhones were first made in India in May 2017, this is the first time that India’s assembly lines made the latest iPhone ahead of its launch. Brands such as Apple typically get finished products at mass scale weeks ahead of launch, which is why manufacturers in China start making upcoming iPhones before launch. India’s plants were so far making new phones behind schedule.

Liontown Resources boss Tony Ottaviano says the company is about nine months away from having its flagship lithium mine built and in production despite Gina Rinehart fuelling concerns about the project.

By David Lawder

By Howard Schneider

It isn’t a good sign when a restaurant chain’s investors ask management about the effect of Social Security checks on its future prospects. Cracker Barrel Old Country Store has long thrived on its unique formula and down-home charm. For example, it proudly touts not only how many biscuits, eggs and strips of bacon it sells but also the number of rocking chairs and wooden puzzles—around 70,000 and 300,000 a year, respectively.