Trade Financial News

Sustainability is a key theme this year at the annual CES tech trade show in Las Vegas

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products

China said the European Union's measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides.

Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for the quarter ended December rose by over a fourth year-on-year to Rs 425.4 crore led by an increase in interest income. Revenue from operations of the non-banking financial company for the reporting quarter rose 36% on year to Rs 1,698 crore.

Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors weighed how U.S. President-elect Donald Trump's policies would impact the economy and inflation. Spot gold was up 0.3% at $2,670.16 per ounce, as of 10:55 a.m. ET (1555 GMT). U.S. gold futures rose 0.6% to $2,689.50.

Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago period. The Q3FY25 total revenue from operations stood at Rs 1,698.45 crore which was up 35.6% versus Rs 1,252.85 crore posted by IREDA in the corresponding quarter of the last financial year. On a sequential basis, the profit after tax (PAT) grew 10% over Rs 387.75 crore reported in Q2FY25. The topline saw a 4.2% uptick on a quarter-on-quarter basis versus Rs 1,629.56 crore reported in the July-September quarter.

stocks, amid persistent foreign fund outflows and as cautious investor sentiment prevailed ahead of the December quarter corporate earnings. Additionally, concerns over fewer rate cuts in the U.S. further dampened sentiment. The benchmark BSE Sensex lost 528.28 points or 0.68% to close at 77,620.21, while the broader Nifty 50 index closed at 23,526.50, lower by 162.45 points or 0.69%.

fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities. «The company aims to initially launch up to six SM REIT schemes in 2025-26, and gradually increase it to one scheme every month,» Strata said in a statement.

Saba said it would «encourage the new board to offer all shareholders a 100% cash exit at 99% of net asset value, if they wish».  This would be broadly in line with the price at which the trust's shares are currently trading, with Herald currently trading at a 0.4% discount to its NAV, according to data from the Association of Investment Companies.  Saba's Boaz Weinstein hits back at Herald trust and defends its abilities to outperform current management Saba added that it would «support further changes so this cash exit would be overseen by a fully independent board and would not ...

Subscribe to enjoy similar stories. TORONTO—The last time the U.S. seriously floated the idea of taking over Canada, it was 1866, and the dust had just settled on the Civil War.

Hindalco Industries has raised $750 million (about Rs 6450 crore) by selling five-year bonds through a private placement outside of the US at 6.88%. Novelis intends to use the net proceeds from the offering to repay $738 million (about Rs 6346 crore) of outstanding borrowings under its revolving credit facility and to use any remaining net proceeds to fund cash on its balance sheet for general corporate purposes, the company said. The US headquartered aluminium maker expects to close the bond placement on January 13. The bonds will be guaranteed by Novelis and certain subsidiaries of the company, the Aditya Birla owned company said in a stock market notice.

equity fundraising touched a record Rs 3.99 lakh crore in 2024, mainly driven by deluge of initial share sales (IPOs) as investor appetite remained robust throughout the year. Excluding the rights issues, the fundraising from equity was at Rs 3.73 crore, which is a massive 159% increase over the previous year period. According to primedatabase.com, 91 Indian companies raised Rs 1.59 lakh crore through the IPOs, which listed on both the exchanges. This is more than 3 times the amount mobilised by the companies in 2023. The year also saw the biggest IPO from Hyundai, which raised Rs 27,859 crore.

stocks rallied as much as 15% in Mumbai trading on Thursday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Panther Industrial Products Ltd.(57.47%), Parsharti Invst(19.99%) and Kamdhenu (15.05%).

Shares of Kotak Mahindra Bank Ltd.(up 1.22 per cent), Au Small Finance Bank Ltd.(up 0.64 per cent) and Punjab National Bank(up 0.06 per cent) ended the day as top gainers in the pack.

Shares of Bajaj Auto Ltd.(up 2.25 per cent), Mahindra & Mahindra Ltd.(up 1.31 per cent), Balkrishna Industries Ltd.(up 0.19 per cent) and Hero MotoCorp Ltd.(up 0.08 per cent) ended the day as top gainers in the pack.

Domestic benchmark index NSE Nifty ended 162.46 points at 23526.5, while the BSE Sensex closed 528.28 points down at 77620.21.

Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows. Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.

InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’. Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.

An annual U.S. government report on “notorious markets” known for counterfeiting and other violations of intellectual property says that nearly all 35,000 online pharmacies around the world are being run illegally