Trade Financial News

Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth. In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential.

Tata Elxsi on Tuesday said it has joined hands with blockchain-powered traceability solutions provider Minespider to introduce an advanced battery lifecycle management platform. Designed to address the growing need for sustainability, compliance, and performance optimization in the battery industry, the platform MOBIUS+ aims to revolutionize the way batteries are managed from production to recycling, the company said in a statement.

Jio Financial Services on Tuesday announced that its joint venture with global asset management giant BlackRock, Jio BlackRock Investment Advisers Private Ltd, has incorporated a wholly owned subsidiary named Jio BlackRock Broking Private Ltd to enter the broking business, subject to regulatory approvals. The announcement was made in an exchange filing to the bourses. The new subsidiary, formed on January 20, aims to provide broking services, Jio Financial Services said.

Newgen Software Technologies slid by 17% to an intraday low of Rs 1294.6 on the BSE despite posting healthy Q3 numbers. The company’s profit after tax (PAT) stood at Rs 89 crore during the third quarter ended December 2024, which was up 30% YoY compared to Rs 68 crore in Q3FY24. Further, the revenue from operations witnessed a growth of 18% YoY, reaching Rs 381 crore.

Canara Bank traded 1.08 per cent up at Rs 100.00 at around 01:17PM (IST) on Tuesday. The stock had closed at Rs 101.10 in the previous session. Equity benchmark Sensex traded 477.95 points at 76595.49 around the same time.

Tata Power Company Ltd. traded 1.4 per cent in Tuesday's session at 01:11PM (IST). The stock opened at Rs 374.90 and has touched an intraday high and low of Rs 376.20 and Rs 367.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 494.85 and a 52-week low of 338.50. About 148,217 shares changed hands on the counter so far.

Globalization and disappearing trade boundaries are things of the past, with countries turning inwards, while wars are taking on an economic avatar with trade barriers and tariffs.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. 1.83 per cent to Rs 5886.75 in Tuesday's trade as of 12:32PM (IST) even as the benchmark Nifty ruled at 23123.85, 220.91 points. The scrip had closed at Rs 5996.70 in the previous session. The stock quoted a 52-week low of Rs 3350.05 and a high of Rs 6448.75. The company quoted a market-cap of Rs 156274.72 crore on the BSE.

Havells India Ltd. 0.87 per cent to Rs 1586.50 in Tuesday's trade as of 12:38PM (IST). The stock hit a high price of Rs 1619.70 and low of Rs 1581.75 during the session. The return on equity (ROE) for the stock stood at 17.07 per cent. Traded volume on the counter stood at 12:38PM shares and turnover at Rs 0.86 crore around that time. The stock of Havells India Ltd. quoted a 52-week high price of Rs 2104.95 and 52-week low prices of Rs 1280.20, respectively.

Trump returned to the White House on Monday with an ambitious agenda spanning trade reform, immigration, tax cuts and deregulation. He did not target China in his inauguration speech nor did he immediately impose tariffs as previously promised, sparking a relief rally in global stocks and a drop in the dollar.

«I think investors are beginning to understand that there are cheaper alternatives which give them similar growth profile, similar earnings growth profile in the medium term but available at far lower valuations,» says Manishi Raychaudhuri, Veteran Investor In Asian Equities. They say that if you are a long-term bull, ETF is the best and the cheapest way to go. So, I am just keeping it very, very, very simple. But your clients would say okay we know that already. Tell us what we do not know. So, what are you telling your clients, your prospective clients that what they do not know in terms of the market links, connections, and valuations? Manishi Raychaudhuri: Well, in the near term I am perhaps telling them not to invest in India, not even in the ETFs. In case you are looking for a parking space for your money, gold is a good alternative. Gold ETFs are what I am doing personally. So, yes, I will elaborate on all these things.

Olympic gold medallist Neeraj Chopra recently tied the knot in an intimate ceremony, marking a significant moment in his personal life. Neeraj married Himani Mor, a young woman from Ladsoli village in Haryana’s Sonipat district. At 27, Neeraj shared pictures from the ceremony on social media, expressing his joy and seeking the world’s blessings for the couple's new journey together.

Subscribe to enjoy similar stories. A burgeoning appetite for global diversification is driving Indian investors beyond domestic shores. Driven by a combination of technological advancements, a more permissive regulatory landscape, and the allure of higher returns, Indian capital is increasingly flowing into foreign markets.

Canadians are watching their finances for any impacts as President Donald Trump takes back the reins of government in the United States.

The Fertilisers and Chemicals Travancore Ltd.(up 2.64%), Southern Petrochemicals Industries Corporation Ltd.(up 1.64%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.45%), National Fertilizers Ltd.(up 1.45%), Paradeep Phosphates Ltd.(up 1.14%), Zuari Agro Chemicals Ltd.(up 0.66%), Madras Fertilizers Ltd.(up 0.61%), Coromandel International Ltd.(up 0.33%), Rama Phosphates Ltd.(up 0.22%) and Sikko Industries Ltd.(up 0.21%) were among the top gainers.

Ambuja Cements Ltd. traded 0.32 per cent at Rs 536.20 at 10:17AM (IST) on Tuesday, even as BSE benchmark Sensex 475.95 points to 76597.49. The scrip had settled at Rs 534.45 in the previous session. The stock quoted a 52-week high price of Rs 706.85 and 52-week low of Rs 452.90, respectively. As per BSE data, total traded volume on the counter till 10:17AM (IST) stood at 24133 shares with a turnover of Rs 1.30 crore.

Gopal Snacks Ltd.(up 2.22%), Adani Wilmar Ltd.(up 2.03%), Nakoda Group Of Industries Ltd.(up 1.23%), Dangee Dums Ltd.(up 1.01%), Patanjali Foods Ltd.(up 0.99%), Tata Consumer Products Ltd.(up 0.94%), Colgate-Palmolive(India)Ltd.(up 0.93%), Marico Ltd.(up 0.70%), Vadilal Industries Ltd.(up 0.68%) and Dodla Dairy Ltd.(up 0.66%) were among the top gainers.

MphasiS Ltd. rose 1.0 per cent to Rs 2831.30 in Tuesday's trade. It hit an intraday high of Rs 2852.75 and low of Rs 2813.60, respectively, during the day. The stock quoted a 52-week high price of Rs 3239.55 and low of Rs 2180.05.

«I do not think that if 2018-19 was the playbook, no country sat back and simply said the ones on which the tariffs were imposed and did nothing. Of course, there will be retaliation,» says Jahangir Aziz, JPMorgan. So, last four years and the coming four years would be different. We all know that. What we need to understand, how different? Jahangir Aziz: You are going to see changes in tariff policy, changes in immigration policy, US tax policy, and deregulation. Now, in our view, the immigration and tariffs would come earlier and the ones on regulation and on tax policy come later, not because there is any such magic sequencing, it is simply because the first two are easier to do through executive orders and the latter two are more difficult to do because it requires legislative changes, that is the way we have been thinking .