Rights Financial News

United States President Donald Trump has not officially imposed 25 per cent tariffs on Canadian goods, but his threats have already created a “bit of stasis” among Canadian banking clients who have become more cautious about their next steps, executives say.

Kyiv has agreed terms with Washington on a minerals deal that Ukrainian officials hope will improve relations with the Trump administration and pave the way for a long-term U.S. security commitment.

Gold prices are popping. But investors should avoid the temptation to chase a shiny object, investment experts said.

Goldman Sachs on Tuesday sold 89,314 shares worth Rs 17.5 crore in smallcap stock Teamlease Services via a block deal. The shares were sold via Goldman Sachs Funds — Goldman Sachs India Equity Portfolio at a price of Rs 1,960 per share. Goldman Sachs holds stake in TeamLease Services via three funds, namely Goldman Sachs Funds — Goldman Sachs India Equity Portfolio, Goldman Sachs Funds — Goldman Sachs Emerging Markets Equity Portfolio and Goldman Sachs Trust — Goldman Sachs Emerging Markets Equity Fund.

Fintech platform Cred is tweaking its peer-to-peer (P2P) lending platform Cred Mint to bake in the latest regulatory changes brought in by the Reserve Bank of India (RBI).

In a surprising move, Microsoft is reportedly testing a free version of its Office suite for Windows users, allowing access to Word, Excel, and PowerPoint without requiring a Microsoft 365 subscription. However, there’s a catch—this free version will come with ads.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says we appear to be passing through a painful adjustment phase in the market and we could be at the end of the pain. As of now it appears that the portfolios are shifting into quality stocks. When the markets were surging, most of the funds, including the family offices, were carrying the momentum portfolio, which they are swapping now into the value-driven stocks by selling some of the expensive stocks and that is one of the reasons we are seeing continued pressure in some of the mid and smallcap companies. What is it that you think the market is up to because yesterday's FII sell-figure was a little bit discomforting and quite large at Rs 6,000 crore. Deven Choksey: The summer has already set in as far as the market is concerned. It is quite hot out here, suffocating. So, nothing new. FIIs continue to deliver their shares in the cash market. Having done the transactions and the short sold in the derivative market, the deliveries are now happening in the cash market. What we are seeing in the delivery figure in the cash market out there, whatever the hedge or the short sell that they have done is definitely creating a larger amount of panic in the market.

Shreenath Paper Products, which opened for subscription earlier today, has seen a subscription of 6.5% so far on the first day of the bidding process. By noon, the issue had attracted total bids for 3,54,000 shares via 112 applications, out of the 53,10,000 shares reserved for allotment. The portion reserved for qualified institutional buyers (QIBs) had not yet received any bids.

Gurugram-based startup. The post, originally shared on Reddit, has left many baffled by the employer’s behaviour.

Disney, Indian billionaire Mukesh Ambani is targeting small businesses and promoting unconventional neuroscience studies to boost its revenues from the IPL, the world's most valuable cricket league.

«Every service industry is getting significantly disrupted. So, I truly believe IT services industry is at an inflection point and we should not be complacent. If we can be more proactive in adopting to the changes, talk to our clients about what is the art of the possible and really walk this path with that kind of a mindset and not with a mindset to protect your revenue base and protect your existing footprint because if you do not do it somebody else will do it,» says C Vijayakumar, MD & CEO, HCLTech. How do you see the pace of AI's disruption impacting the IT services industry, and what steps do you think are crucial for organizations to take to stay ahead of the curve and ensure they’re not just protecting their current revenue base, but also embracing the transformative potential of AI? C Vijayakumar: This is really not a time to be complacent and saying that we saw the cloud wave, we saw the digital wave, now there is AI wave and we will navigate it because the pace of change and the significance of what AI can do, a lot of work.

«There could be some pickup in consumption because we are kind of seeing a subtle shift of the market driver from the investments to the consumption,» says Ajay Argal, Franklin Templeton. So, what could be the turn moment for market? Could it be just time, you have to just wait it out, this year will be a tough year, nothing happens, but then after six months suddenly markets will look attractive, earnings would kick in. I mean, do you think this market will have to just grind itself? Ajay Argal: So, that is one way of doing it. Yes, so that is what you are referring to is the time correction and I mean, if you look at Nifty for example, we might be 5% or 10% above the last ten-year averages or the five-year averages in terms of valuations.

Gensol Engineering on Tuesday said it has inked a pact for sale of its US subsidiary Scorpius Trackers Inc for Rs 350 crore to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive and global intellectual property (IP) rights (except India) for Scorpius Trackers' advanced solar tracking technology, the company said in a statement.

Subscribe to enjoy similar stories. The dreaded mid-cap and small-cap correction is finally here. After closing at a record high of 57,703 on 11 December 2024, the BSE SmallCap index has tumbled to 45,157 in just over two months, a fall of almost 22%, thus putting it in the category of a bear market.

ONGC, NTPC, SBI Life, Manappuram Finance, Biocon among others will be in focus due to various news developments. ONGC ONGC has approved an investment of Rs 1,200 crore in its wholly owned subsidiary ONGC Green via rights issue.

Secret Service agent, Clint Hill announced that he passed away peacefully at the age of 93 at his home in California. Hill is credited with attempting to save former US President John F. Kennedy from getting shot during the infamous assassination attempt back in 1963.

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Ben Affleck has begun ‘casually dating’ following his split from Jennifer Lopez.

Crowd management not just at the site of the Kumbh but at spaces leading to and from it clearly has to be rethought by authorities.