Trade Financial News

RLNG gas supply agreement with GAIL for 7 years. “We would like inform you Our Company has entered into an agreement with GAIL (India) Limited (GAIL) and exchanged the document at Raipur on 10.12.2024 for supply of RLNG Gas for Company's upcoming pellet plant in the ordinary course of business for a period of 7 years,” said the company in a filing to the exchanges.

Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026. Singapore’s Temasek Holdings Pte led the fundraising, while Evolvence, an existing investor, will also participate, the company said in a statement. The Series G round includes the sale of new and existing stock, allowing current shareholders to sell some of their holdings. The Mumbai-based company is now valued at $1.4 billion.

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says in the IT sector, a lot depends on how the growth momentum pans out. But there are a lot of expectations built into what happens in the developed markets once Trump assumes the chair next month and that is getting reflected. Also the domestic growth scenario looks quite mixed in many sectors. So, IT looks to be safer and more defensive in comparison to some of the segments. If you are looking at the sector-wise breakup today, PSU banks are on the back foot. But having said that, railway stocks are doing quite well, while defence has managed to come back. In fact, other industrials and public sector entities have been doing well. Does that make you believe that perhaps the dip that we saw in the public sector entities, whether defence, whether railways and all of that, is behind us and now the buying would resume? Amnish Aggarwal: One cannot put all the PSUs in one basket per se because when it comes to railways, defence and some of the other industries related to capital goods, engineering, EPC, construction, etc., there were no order flows which came in Q1. In the second quarter it picked up, but now we are in the last four months of the year, and we will see more and more order announcements happening across these segments.

Trump courted crypto campaign dollars with promises to be a «crypto president» and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.

Subscribe to enjoy similar stories. Amazon is entering India’s quick commerce (QCom) race, close on the heels of pilots from Flipkart and Reliance. Tata’s Big Basket has morphed into a QCom platform.

Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits.

U.S. inflation data came in line with forecast.

Australian dollar got a much-needed fillip on Thursday after surprisingly strong jobs data pushed back on wagers for an earlier cut in interest rates, lifting bond yields. The figures showed a surprise drop in unemployment, hitting an eight-month low of 3.9% in November and wrong-footing analysts who had forecast a 4.2% jump in jobless claims.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.

Vancouver city council has voted to explore ways to make the municipality a “Bitcoin-friendly city.”

Subscribe to enjoy similar stories. The Nifty50 continued to consolidate around its 50- and 100-day moving average (DMA) and traded in a narrow range for a fourth consecutive day. On Wednesday the index ended 0.13% higher in a lackluster trading session and formed a doji candle with a higher-high and higher-low price structure, indicating indecisiveness among buyers and sellers.

LeBron James may be traded out by the Los Angeles Lakers in the coming days, something that is already scaring the basketballer's fan. However, these chances of getting traded out may be quite slim as the NBA star can simply choose to step out of his existing contract with the Lakers and join any team of his choosing.

The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu Kyi

President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange, marking the ceremonial start of the day’s trading

Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled

A tweet from a financial advisor in Arizona, Adam Harding, went viral this summer when he shared a conversation he had with a client with a healthy bank account in her 70s. He had encouraged her to share that wealth with her kids and grandkids before she died. The more than 1,500 responses showed the extraordinary divide between the generations, with many gen Zers and millennials saying that baby boomers especially are hanging on to their money too long and boomers saying that’s their right.

benchmark indices closed flat on Wednesday, with gains in consumer and IT stocks, as market participants awaited key inflation data from U.S and India for cues into the rate trajectories of the two countries. The benchmark S&P BSE Sensex rose 16.09 points or 0.02% to settle at 81,526.14, while the broader Nifty 50 index closed at 24,641.80, higher by 31.75 points or 0.13%.

SpaceX represents the largest holding of the trust, at 7.6% of the portfolio, an investment that has led to a «strong recent run» for the vehicle in past months, according to Stifel analysts William Crighton, Iain Scouller and Sachin Saggar.  The trust is now trading on a premium of 3.8%, according to data from the Association of Investment Companies, a rarity in the investment trust sector that has been dominated by discounts in recent years.  This premium was driven by a rise in the net asset value of its assets, with SpaceX spearheading the uptick.  Baillie Gifford withdraws fro...

He, however, cautioned that there is no room for complacency.

mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry forward and went on to recommend it as a «good career option». «Despite all the interest in the stock market after COVID, there are still only 5 crore unique mutual fund investors. I've said this earlier as well—one of the biggest challenges for the Indian markets is the lack of an advisory ecosystem with just about 900 RIAs,» Kamath tweeted.

Nifty broke its three-session losing streak and settled at 24,641.80, gaining by 31.75 points or 0.13%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,526.14, rising by just 16 points. Bank stocks dragged the index despite buying trends in IT, auto and FMCG stocks. Nifty formed another doji candle well within the range of the last five day's candles, indicating indecisiveness in the index, Dr. Praveen Dwarakanath, Vice President of Hedged.in said, commenting on the day's action.