Gap Financial News

NEW DELHI : India has resumed trade talks with Peru after a long gap, with the sixth round of India-Peru negotiations for a trade agreement held in the South American country from 12 to 14 February. Various working group meetings were held, including on trade in goods, rules of origin, trade in services, customs procedures and trade facilitation, dispute settlement, and legal and institutional Issues, the ministry of commerce and industry said in a statement on Thursday “These meetings involved the participation of more than 70 delegates from both countries together, including their respective negotiating teams," it said. Over the next fortnight, other working groups will hold virtual meetings on technical barriers to trade, sanitary and phytosanitary measures, and trade remedies and cooperation.

NMDC share price jumped over 7% to touch a 52-week high following robust Q3 results. The state-owned company's Q3 numbers almost exceeded the Street estimates.

The American College of Financial Services has unveiled the findings from its 2023 Retirement Income Literacy Study, spotlighting a significant gap in retirement knowledge among older Americans.

The S&P 500 index blew past a series of troubling markers in its relentless rally to 5,000. Now, after the rout on Feb. 13, investors are staring at a potentially long way down before they find support.

₹17.75 apiece to the current market price of ₹781, delivering a staggering return of nearly 4300%. Also Read: Indian stock market to see record inflows as India-China weight gap in MSCI Index narrows to historic low During this period, an investment of ₹10,000 would have turned into over ₹4.4 lakh. Impressively, out of the last 45 months (including February), the stock ended 28 in the green.

₹1,798.75 apiece on BSE, and touched an intraday low of ₹1,683 apiece. According to analysts, MTAR Tech share is one of the underperforming stocks and has seen a sharp selloff in the last couple of weeks.

Read here: MSCI Rejig: PNB, BHEL, NMDC, among five additions to India Standard Index; 27 stocks added to Small Cap index Overall, Nuvama Alternative & Quantitative Research expects India to witness upwards of $1.2 billion FII passive inflow after these adjustments, which will take place on February 29. Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.

The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system

Nvidia is poised to surpass Google's parent Alphabet as the third most valuable company on Wall Street, as per reports. The expectation comes after the Santa Clara-based artificial intelligence (AI) chipmaker's market capitalisation reached $1.78 trillion on February 13, eclipsing Amazon's $1.75 trillion for the first time in two decades. On February 13, Nvidia's shares slipped by 0.17 percent, closing at $1.78 trillion, while Amazon's stock declined by 2.15 percent, resulting in a market value of $1.75 trillion.

shares on Dalal Street over those in Shanghai. Since January 2021, India's weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China's weight has declined from 40.1% to 25.4% during the same period. This is the shortest-ever gap between the weights of stocks of the two countries. Analysts expect this gap to shrink further with the likelihood of higher flows into India as economic uncertainty in China is driving overseas fund managers out of the country.

One 97 Communications has appointed an advisory board of prominent experts, including an ex-regulator, to advise it on regulatory and compliance matters. Consider the following points. One97, Paytm’s parent, is not the regulated entity.

women in technology believe that diversity, equity, and inclusion (DEI) measures manifest only as a theory for the industry, revealing a concerning gap between intention and execution. In a recent survey conducted by Talent500, the owned talent platform of ANSR, about 70% of women in technology believe that the DEI measures undertaken by the industry are marketing measures.

A recent survey conducted by Capital Group points to a significant gap in understanding the advantages of active fixed-income ETFs among financial professionals, highlighting an opportunity for education and increased adoption in the sector.

BSE at 12:49PM (IST) on Tuesday, down 0.6 per cent. The stock quoted a 52-week low price of Rs 557.15 and a high of Rs 1049.75. Earlier in the day, the stock saw a gap down opening.

Tata Power Company Ltd. traded at Rs 360.55 on BSE at 12:23PM (IST) on Tuesday, down 0.33 per cent from previous close. The scrip quoted a 52-week low price of Rs 182.45 and a high of Rs 412.75.

Page Industries Ltd. gained 0.29 per cent to Rs 36188.0 in Tuesday's session as of 11:32AM (IST) even as the equity benchmark Sensex traded 423.36 points higher at 71495.85. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 43599.0 and a 52-week low of Rs 34968.6 on NSE. Around 94 shares changed hands on the counter till 11:32AM (IST).

Coal India: The company reported a 17% increase in its consolidated net profit at ₹9,069 crore for the quarter ending on December 31, 2023, compared to ₹7,755 crore recorded in the corresponding period last year. Revenue from operations experienced a modest 3% year-on-year growth at ₹36,154 crore in Q3FY24, as opposed to ₹35,169 crore reported during the same period last year. The board has also announced a second interim dividend of ₹5.25 per share for FY24.

Aurobindo Pharma anticipates a hit of $20 million in the ongoing January-March quarter due to a temporary pause of manufacturing and distribution activities at its crucial Eugia Unit-III formulation facility in Telangana, following certain red flags raised by the US drug regulatory agency in the recently concluded inspections. The company said it is planning to resume manufacturing operations in a phased manner starting with non-aseptic lines. The US regulatory agency issued Form 483 with 9 observations against the facility at the conclusion of the inspection on February 2. The company, as an «abundant caution», put on hold manufacturing at certain lines. The company, in its earnings call on Monday, said the observations are related to certain gaps in the «aseptic process and documentation».

LCA) is likely to be ready for delivery by next month and work on an even more capable version is underway, with production likely to commence by 2027, senior defence officials have told ET. The LCA Mk1A, which was cleared for procurement by the Centre in 2021, will add the much-needed numbers to the fighter jet strength of the Air Force and is much more capable than the earlier version, as it is equipped with new age radars, electronic warfare systems and mid-air refuelling features. Officials said that the project is on track to meet the deadlines and the first of the 83 LCA Mk1A jets on order is likely to be ready by next month. By August this year, at least four of the jets are likely to be delivered. Production could taper down next year as there have been some delays in deliveries of engines for the jets but efforts are being made to minimise the gap.

Au Small Finance Bank Ltd. traded at Rs 589.7 on BSE at 01:35PM (IST) on Monday, down 2.3 per cent from previous close. The scrip quoted a 52-week low price of Rs 548.15 and a high of Rs 813.0.

Cholamandalam Investment & Finance Company Ltd. fell 1.53 per cent to Rs 1105.1 at 11:47AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 16,304 shares with a turnover of Rs 1.82 crore till 11:47AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.96, while the price-to-book value ratio stood at 4.37.