Trade Financial News

precious metals from its free trade agreements (FTA) so as to curb speculative imports, safeguard foreign exchange reserves and protect India’s trade balance and economic resilience, think tank Global Trade Research Initiative (GTRI) said Tuesday. Gold imports reached a staggering $14.9 billion in November 2024, accounting for 21.2% of India’s total merchandise imports of $70 billion and for the first time, gold surpassed crude petroleum as the country’s largest single import item. Most gold enters India as bars and rods with 99.99% purity, but traders are also using other tariff-free or concessional categories to bypass import duties such as platinum alloys from Dubai, gold compounds and noble metal solutions from Japan, and gold and silver jewelry from Indonesia. These routes push actual gold imports to much higher levels than official figures suggest.

Dish TV India has collaborated with UK-based C21 Media to launch a trade event, Content India, aimed at positioning India as a global content powerhouse. Scheduled for April 1-3, 2025, the three-day summit will lay the groundwork for the comprehensive Content India 2026 event. Modeled on the globally successful formats of C21 Media’s Content London and Content Americas, the event will integrate a marketplace, conferences, and networking opportunities to connect creators, producers, distributors, platforms, and channels. Dish TV India, a leading content aggregator and distributor, aims to establish Content India as a pivotal platform to showcase Indian content globally while attracting international players to explore opportunities within India.

The government's move has irked the cold storage owners in the state as the ban is causing irreparable damage to the cold storage industry in the state. If the stocks in the cold storages are not cleared, it will lead to distress sales and spoilage of potatoes, thus hurting both the potato growers and the rural economy. Subhajit Saha, Vice President of West Bengal Cold Storage Association, said, “The ban on inter-state potato movement is causing irreparable damage to the cold storage industry in West Bengal. The cold storages in South Bengal, particularly in districts of Bankura, Midnapore and parts of Burdwan and Hooghly, are facing the full brunt of this decision."

Nifty finally closed at the lows. A long bear candle was formed on Nifty’s daily chart on Tuesday, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.

Portfolio Investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or use derivatives to hedge their ODIs in India. «A Foreign Portfolio Investor shall not issue ODIs with derivatives as reference/underlying. A Foreign Portfolio Investor shall not hedge their ODIs with derivative positions on Stock Exchanges in India. Accordingly, ODIs shall only have securities (other than derivatives) as underlying and shall be fully hedged with the same securities on a one-to-one basis, throughout the tenure of the ODI,” a Sebi circular issued on Tuesday said.

Subscribe to enjoy similar stories. Fish is the most common and recurring symbol in the Indus valley seals, which were used for trade purposes. Many of these seals have also been found at other contemporaneous sites in Mesopotamia, Egypt, and Iran.

Domestic benchmark index NSE Nifty ended 332.25 points at 24336.0, while the BSE Sensex closed 1064.12 points down at 80684.45.

bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% on the day.

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO). The Gurugram-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. A91 Emerging Fund I LLP, Alpha Wave India I LP, CapitalG International LLC, CapitalG LP, LGT Capital Invest Mauritius PCC, MAJ Invest Financial Inclusion Fund, Harleen Kaur Jetley and Vikram Jetley are offloading shares in the OFS.

equity sale of Rs 500 crore and an offer for sale (OFS) of 21 lakh shares, will close on December 24. The offer is being made through the book-building process, wherein about 75% is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.

These high-performing stocks that rallied more than 10% during the session included, Sambhaav Media(13.05%), Jyoti CNC Automation(12.05%), Amal Ltd(11.71%), Enbee Trade Fin(11.63%), Duropack Ltd(11.49%), LGB Forge(10.89%), RGF Capital Markets(10.84%), EMS(10.57%), Gala Precision Engin(10.48%) and Mangalam Global Ent(10.19%).

HDFC Bank and ICICI Bank and declines in blue-chip stocks like Reliance Industries and Bharti Airtel weighed on the benchmarks. The benchmark BSE Sensex lost 1064.12 points or 1.30% to settle at 80,684.45, while the broader Nifty 50 index closed at 24,336.00, lower by 332.25 points or 1.35%.

Umang Dairies Ltd.(up 6.94%), Gopal Snacks Ltd.(up 5.69%), Nakoda Group Of Industries Ltd.(up 3.79%), LT Foods Ltd.(up 2.99%), Euro India Fresh Foods Ltd.(up 2.68%), Sheetal Cool Products Ltd.(up 0.75%), ADF Foods Ltd.(up 0.71%) and Varun Beverages Ltd.(up 0.38%) stood among the top gainers.

The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was at 1.5 trillion rupees ($17.7 billion) as of Monday, the highest since June 24, according to a Bloomberg Economics index. The RBI has been net selling dollars since October, which has resulted in a substantial drain on liquidity, according to IDFC First Bank Ltd.

Those interested can buy 21 shares in one lot and in multiples thereafter.

Subscribe to enjoy similar stories. At a massive semiconductor trade show in Tokyo last week, I watched robots shoot hoops and play table tennis and witnessed an impressive lineup of executives share their visions on everything from quantum computing to artificial intelligence (AI). More than 1,000 companies representing nearly every facet of the supply chain gathered to show off their latest technologies to an estimated 100,000 attendees.

bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. The pan-continental STOXX 600 was down 0.5%, to a two-week low. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were lower by between 0.1% and 0.7%.

According to BSE, Nippon MF, Kotak MF, Axis MF, SBI Pension Fund, and HDFC Life participated in this round. The five years coupon bearing debt carries an interest rate of 7.73%.

Buoyed by domestic growth prospects, technological advancements, and robust policy measures, India continues to solidify its position as a key player in the global economic arena.

Investec, Equirus, and JM Financial have shared their outlooks on Afcons Infrastructure, Delhivery, and Piramal Pharma, respectively, projecting significant upsides for investors.

"Tata Consumer is a very different business compared to where it was even till last year and very-very different from where it was four or five years ago. And it is this capital allocation intensity of some of our consumption picks, which is what we are trying to play rather than the standard FMCG of a little bit of market share gain in the existing categories and nothing new in terms of capital allocation beyond the core," says Rakshit Ranjan, Marcellus Investment Managers. Well, I directly get into stocks because I look at a couple of your holdings, especially Asian Paints and Titan and both of these two are going through industry disruptions at this point of time. Just this morning, Investec wrote on the paint sector, talking about how Birla Opus is getting a lot of good response from customers. Titan, of course, is going through its own lab-grown diamond disruption. What then still makes you hold these stocks? Rakshit Ranjan: So, both of those are slightly different in nature. Titan is an industry disruption, as you rightly picked it up, whereas Asian Paints is a competitive intensity rising significantly. There are two different parts of how a business gets affected.