Trade Financial News

The digital-asset sector finally received a supportive executive action from United States president Donald Trump, ending an anxious wait and opening up the tantalizing prospect of rapid progress toward a friendly regulatory backdrop.

Donald Trump is saying a lot about the United States’ trading relationship with Canada that some economists say is just plain wrong.

JSW Steel Ltd’s profit slumped 70% on year to Rs 719 crore in the December quarter as weak prices of steel weighed on earnings, even as the steel-maker’s production was at an all-time high during the quarter. The bottomline was also impacted by an exceptional loss of Rs 103 crore.

DLF reported net profit of Rs 1,055 crore, during Q3 FY25 against Rs 648 crore in the same period a year ago, as it recorded the highest quarterly sales booking of Rs 12,093 crore backed by super luxury offering, The Dahlias in DLF 5, during the quarter. The project alone generated Rs 11,816 crore of new bookings in the opening quarter helping the company to surpass its annual guidance with a quarter left.

Meta Platforms will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook post on Friday.

Since Trump returned to the Oval Office on Monday (20 January), equity, bond and currency markets have fluctuated as they attempted to keep pace with the GOP president's lurches from one claim to another.  Despite dismissing the possibility of tariffs before being sworn into office, Trump later admitted that he was considering imposing 25% tariffs on Canada and Mexico and a 10% tariff on China from 1 February.  The Republican leader has also warned he may slap trade restrictions on products from the European Union given that «they do not take our cars, they do not take our farm produc...

Subscribe to enjoy similar stories. One of the many legacies of Donald Trump’s first trade war with China is that pigs in the country now have a more varied diet. In response to Mr Trump’s tariffs on Chinese goods in 2018, China imposed a 25% levy on American farm products.

Adani Power (APL) stock, domestic brokerage firm Ventura Securities has given a ‘buy’ rating and set a target price of Rs 806. According to Ventura Securities, APL stands out as one of the largest, fastest-growing, and operationally efficient companies. The upside potential as stated above is from the stock’s present share price at Rs 513.

Subscribe to enjoy similar stories. Fiscal discipline is a cornerstone of economic stability for any country, and India is no exception. In an era of escalating geopolitical uncertainties and changing trade dynamics, maintaining fiscal discipline has become increasingly critical to shield economies from external shocks and ensure confidence among global investors.

«We were successful during the course of converting a number of those into permanent contracts and that will give us a foundation for growth as we go into the future,» says Jonathan Hunt, Syngene International. It was a good quarter coming in when you talk about the third quarter. But I also wanted to talk about your discovery services division particularly. So, the initial China plus one pilot project with large and mid-sized pharma companies as well starting to convert into longer-term contracts. So, tell us a little more about this particular division then. Jonathan Hunt: I should start with the results. Overall, we saw a return to growth. As you know, during the course of the year, we saw a little bit of softness in the first half. First quarter, second quarter revenue were both minus 2%. But we predicted that the second half of the year things would start to pick up and we hoped that we would get back to growth and that is exactly what we saw, so plus 11% for the quarter. Nicely balanced across the business.

«Our sense is that the recovery has started, government has started spending again, maybe not to the extent on the budgeted estimate, we will be still short of that, but we believe that the rest of FY25 we could see a sharp recovery coming on the capex side,» says Pankaj Tibrewal, IKIGAI Asset Manager. You have been quite bearish in terms of what you have been indicating in terms of your post and in terms of your communication that markets in the month of November and December had run up. Now that markets have corrected, is it time to be more constructive? Pankaj Tibrewal: So, if you look at it, three-four things have happened which were making us nervous for the last five-six months and we were cautioning all investors that the health of the economy is not in best of the shape. First, the liquidity, we spoke to dealer, distributors across for the last few months and the durable liquidity in the system is extremely tight and that is also reflected on the laf window if you look at the banking liquidity. Clearly, that incrementally with the governor change, our view is that that would be addressed and slowly and gradually if liquidity starts to ease out, that will be the first positive sign for all.

Bitcoin (BTC), the world’s largest cryptocurrency, surged by 3% to reach the $105,000 mark in Friday’s trading following an executive order from U.S. President Donald Trump. On Thursday, Trump directed the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the possibility of establishing a national cryptocurrency stockpile. This move fulfilled his promise to quickly overhaul U.S. crypto policy.

«The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in,» says Sandip Sabharwal, asksandipsabharwal.com. What could be interesting in this market falls could be insurance. Their numbers were not bad. I looked at HDFC Life numbers, decent. Three-four years, like you said, Kotak Mahindra Bank insurance stocks have also done nothing, nobody likes them, nobody owns them, and genuinely I see that there is a turf of growth which seems to be getting made. Sandip Sabharwal: Yes, I would agree like especially for hdfc Life the expectations were low, they reported decent numbers, stock ran up, now it has consolidated a bit. So, I think that could potentially be one stock from the insurance sector which could do well. Similarly, ICICI Lombard number on general insurance were pretty decent.

The NSE Nifty index traded 39.25 points up at 23244.6, while BSE Sensex was 157.69 points at 76678.07 as of 11:04AM(IST)on January 24.

Q3 earnings, Bharat Petroleum Corporation Ltd. (BPCL) continues to attract attention from global brokerages. CLSA has upgraded BPCL’s stock to ‘Hold’ from ‘Underperform,’ while Morgan Stanley maintains its bullish stance with an ‘Overweight’ rating. CLSA has set a target price of Rs 270 for BPCL, noting a manageable impact on the company’s gross refining margin (GRM) from U.S. sanctions on Russia. The brokerage also highlighted a 24% correction in BPCL's stock since October 2024. While CLSA has lowered its earnings estimate by 3% for FY25, the firm expects the government to largely compensate BPCL for its LPG losses in the upcoming Union Budget.

To build or not to build: that’s the question facing Canadian politicians, oil and gas experts and industry leaders when it comes to domestic pipelines, as U.S. President Donald Trump continues to tout plans for American energy independence.

Subscribe to enjoy similar stories. Days three and four of Davos were filled with more panel discussions, sessions, and conversations. In addition to Ukraine President Zelenskyy walking the Davos corridors, Day 3 was packed with several high-profile country representatives addressing the audience, including Malaysian Prime Minister M.

Subscribe to enjoy similar stories. MUMBAI : Foreign institutional investors (FIIs) didn't entirely flee India in 2024, after all. They adopted a two-pronged approach: booking profit in the secondary market while placing bets in the equity capital market (ECM) by way of initial public offerings (IPOs), follow-on offerings (FPOs), and qualified institutional placements (QIPs).

Emerging markets could be seeing a dreaded "sudden stop" of capital flows as President Donald Trump's 'America First' policies pump up the U.S. economy and suck money away from poorer countries, investment bank JPMorgan warned on Thursday. Analysts fear sudden stops in capital flows because they starve economies of the money they need to grow or even just keep going.