Trade Financial News

e-commerce exports have seen a commendable rise. An EY-Assocham study put the country’s e-commerce exports at $4-5 billion in FY23, with a target of $200 billion by 2030. E-commerce has helped give small businesses a level playing platform to sell to a much bigger market. The business requires minimal investment and with enablers and push from global players like Amazon, eBay as well as cross-border payment platforms like Payoneer, e-commerce export is becoming a lucrative option for many MSMEs in India.

MphasiS Ltd. 2.51 per cent to Rs 2850.00 in Thursday's trade. It hit a high of Rs 2872.00 and low of Rs 2807.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2752.58, while the 50-DMA was at Rs 2949.77. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Magadh Sugar & Energy Ltd.(up 5.59%), Dhampur Sugar Mills Ltd.(up 4.97%), Rana Sugars Ltd.(up 4.50%), Dalmia Bharat Sugar and Industries Ltd.(up 4.43%), Uttam Sugar Mills Ltd.(up 4.28%), Bajaj Hindusthan Sugar Ltd.(up 3.95%), Mawana Sugars Ltd.(up 3.90%), Kothari Sugars & Chemicals Ltd.(up 3.73%), Shree Renuka Sugars Ltd.(up 3.68%) and Rajshree Sugars & Chemicals Ltd.(up 3.63%) were among the top gainers.

Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors.

China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.

LinkedIn post by Stacey Champagne, CEO and founder of Hacker in Heels, has ignited widespread debate online due to its controversial nature. In the post, Stacey openly compared her professional achievements in 2024 to her husband's lack of similar milestones, sparking user shock and criticism.

The settlement, finalised on Wednesday, involves SEFE Marketing paying $285 million to GAIL (India), marking a resolution to the dispute. The agreement also includes the withdrawal of the arbitration proceedings before the London Court of International Arbitration.

Swiggy may remain in focus on Thursday, January 16, after the company informed that the Ministry of Corporate Affairs approved the incorporation of its new subsidiary Swiggy Sports Private Limited. “In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of Swiggy Sports Private Limited, a wholly owned subsidiary of the Company, today, January 15, 2025,” said Swiggy in its filing to the exchanges.

buy call on Biocon with a target price of Rs 430. The current market price of Biocon is Rs 382.8. Biocon, incorporated in 1978, is a Large Cap company with a market cap of Rs 45970.97 crore, operating in the pharmaceuticals sector. Biocon's key products/revenue segments include Bio Pharmaceuticals, Other Operating Revenue, Waste and Sale of services for the year ending 31-Mar-2024.

India VIX, the market's barometer for volatility, dipped by 1.1% to 15.30, indicating easing investor apprehension. Experts suggest that historically, VIX levels above 15 imply heightened market turbulence.

CEAT shares will remain in focus on Thursday, January 16, after the company reported a 46.48% decline in consolidated net profit to Rs 97.03 crore for the third quarter ended December 31, impacted by high raw material costs. The company had posted a consolidated net profit of Rs 181.28 crore in the same quarter last fiscal. Meanwhile, its consolidated revenue from operations stood at Rs 3,299.9 crore, compared to Rs 2,963.14 crore in the year-ago period.

Sugar stocks such as Praj Industries, Balrampur Chini, Bajaj Hindustan Sugar, and Dalmia Bharat will be in focus after Union Minister Nitin Gadkari announced that India is set to achieve its 20% ethanol blending target within the next two months. The practice of blending ethanol with petrol began as a pilot project in 2001. «We will achieve this target of 20% ethanol blending in the next two months. The use of E20 (petrol with 20% ethanol) will help in reducing pollution,» Gadkari said while speaking at an event.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last recorded day, the Bank Nifty closed at 48,729.15. This figure reflects the performance of the banking sector and indicates the overall market sentiment towards banking stocks.

₹199.45 crore, which will be available for trading on both the BSE and NSE platforms. On January 15, just a day prior to the IPO opening, the company secured ₹59.83 crore from six institutional investors through its anchor book.

Sudip Pandey, a celebrated actor and producer in the Bhojpuri film industry, tragically passed away on Wednesday morning due to a heart attack. According to sources close to the family, Sudip took his final breath at 11 AM in Mumbai, leaving the industry and his admirers in mourning.

Abheek Barua, Independent Economist, says the issue lies with mass consumption, which doesn't just involve the very poor but mainly affects the lower middle class. Particularly, when income rises from Rs 15 lakh to over Rs 15 lakh, there is a significant increase in the tax rate. This is a point that could catch the finance minister's eye. Whether it's a small adjustment or a direct tax cut, it serves as a crucial fiscal measure to counter economic downturns. Barua anticipates some action in this area. Consumption has taken a hit over the last few years. What are your expectations with respect to income tax tweaks that could come in in the Budget? Do you expect some relief? Sources, in fact, are telling us that perhaps some tweaks for lower income class could come in. Do you expect that, especially with the objective of boosting mass consumption? Abheek Barua: I think you are spot on. The problem is with mass consumption and mass consumption does not refer to the absolute bottom of the pyramid, but really to the lower tiers of the middle class and especially when you move from Rs 15 lakh to Rs 15 lakh plus, there is a very large jump in the tax rate. That is one area that could get the finance minister's attention.

Dipan Mehta, Director, Elixir Equities, says from a market viewpoint, he is not very hopeful or positive. Right now, he prefers to save cash. We are in the midst of a crucial earnings season and a significant event. On January 20, President Trump will take over. If there is more market volatility, especially with specific stocks, he would hold onto cash to invest in stocks that have dropped significantly and are strong businesses or have appealing business models. What would you do with a stock like Kalyan Jewellers? It is down almost 11%. Is there any buying at dips which would emerge or is there just a case of falling knife and one should stay away till the time they do not figure out what is happening within the company? Dipan Mehta: Kalyan Jewellers, the pre-quarter release was interesting. Amongst the entire peer group, they reported the highest sales growth and this particular wedding season has been good for the jewellery industry. Titan also came and all the other companies also came with very good releases pre-quarter where they gave the sales numbers.

Subscribe to enjoy similar stories. India imports goods worth more than it exports, but the gap has narrowed, according to official data.

Subscribe to enjoy similar stories. The Federal Reserve first blamed high inflation on the Covid-19 pandemic. Then the war in Ukraine became the accepted contrivance.