Trade Financial News

Indian Navy held a rehearsal at Puri Beach ahead of the Navy Day celebration on December 4. Puri Superintendent of Police (SP) Vineet Agarwal on Saturday said that preparations and rehearsals are being done for the Navy Day celebration. «All arrangements have been made for the event...I appeal to all the people of the state to support the administration and police teams,» Puri SP told ANI.

Sensex and Nifty ended the week nearly 1% higher, marking the second consecutive week of advances amid mixed cues. While easing geopolitical tensions, favorable state election results and MSCI rebalancing supported the market, FII selling limited the upside. «The Indian market is increasingly witnessing severe bouts of volatile trading, as the gyration from positive to negative zones has been very sharp owing to stretched valuation concerns and the lingering selloffs from foreign investors. Despite the recovery, there is no firm trend visible due to lack of fresh positive triggers,» Prashanth Tapse of Mehta Equities said.

Justin Trudeau said Saturday he had an «excellent conversation» with Donald Trump at his Mar-a-Lago club after the president-elect's threat to impose significant tariffs on two of America's leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump's concerns. A person familiar with the details of the leaders' hastily arranged meeting Friday night said it was a «positive wide-ranging dinner that lasted three hours.» The official, who was not authorised to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defence, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven (G7) meeting in Canada next year. The Republican president-elect has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across their borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders when he takes office in January.

Things have not worked out well for Travis Klein. Aged only around 28, he will never work in trading again and has been afflicted with a £73k ($93k) fine from the UK's Financial Conduct Authority (FCA). It could have been worse, though. The FCA wanted to fine him £104k but was lenient when it became apparent that doing so would cause Klein some «serious financial hardship.» 

Congratulations to Citadel, which is not only your ideal hedge fund to work for, but has won the“hedge fund of the year” award from Risk magazine. And congratulations to Citadel's Chief Risk Officer, Joanna Welsh, who has done a lot of the heavy lifting for them this year. (Literally as well as figuratively – she was once a powerlifter in her spare time).

strategic action plan to strengthen ties between India and Italy, unveiled by Prime Minister Narendra Modi and his Italian counterpart Giorgia Meloni will lead to improved ties between the two nations, a senior Italian minister said on Saturday. Adolfo Urso, Minister of Business and Made in Italy, was speaking in Mumbai at the Villaggio Italia exposition, being held to coincide with the port of call of Amerigo Vespucci, a 93-year-old Italian Navy ship used for training and supporting national diplomacy. The plan, announced at the G20 summit, focuses on 10 key areas including defense, trade, clean energy, and connectivity, aiming to deepen collaboration and boost economic ties.

While retailers hope to go big this holiday season, customers may notice that the catalogs arriving in their mailboxes are smaller

In today’s fast-paced world, the struggle to balance work and personal life often pushes individuals to prioritize their jobs above all else. From completing tasks during vacations to attending meetings on the go or working odd hours, professional demands frequently overshadow other aspects of life. This reality was humorously highlighted in a now-viral video of a groom glued to his mobile phone, tracking stock market movements during his wedding ceremony. The video, shared on Instagram by the account Trading Leo, features the groom dressed in a traditional sherwani, fully prepared for his big day. Yet, instead of focusing on his bride or the ceremony, he is seen engrossed in his trading dashboard. The footage zooms in on his phone screen, revealing live stock market updates, while the caption humorously labels him as one of «The Traders.»

In a statement, CTI Chairman Brijesh Goyal and President Subhash Khandelwal said that the ban on commercial and light vehicles, along with a significant reduction in vehicles entering Delhi from outside, has crippled trade, industry, and tourism. «Retail markets in Delhi are witnessing a slump as the city's air quality has plunged into the 'severe' category. News about pollution, widely disseminated through TV, newspapers, and social media, is deterring people from visiting markets,» Goyal stated.

We believe that Bata India can extend its game and 1480 is the target where we are focusing for the stock, says Rajesh Palviya of Axis Securities. Edited excerpts.

Property Share Investment, Nisus Finance Services and Emerald Tyre Manufacturers. Apart from these new IPOs, the Street will see 8 listings including that of Suraksha Diagnostic, which is currently open for public subscription.

Borana Weaves Limited, which specializes in the production of unbleached synthetic grey fabric, has filed its Draft Red Herring Prospectus (DRHP) with markets regulator SEBI for an IPO. The issue size will be of up to 70,00,000 equity shares with a face value of ₹10 each, all of which will be issued as a fresh issue. Borana said its objective is to finance the cost of establishing a new manufacturing unit to expand its production capabilities to produce grey fabric at Surat. It also aims to secure funding for incremental working capital requirements and for general corporate purposes.

Indian Vegetable Oil Producers Association (IVPA) feels that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. Sudhakar Rao Desai, CEO of Emami Agrotech and president of IVPA said «The agri industry and agriculture commodities and ecosystem which comprises of various participants and stakeholders, who contribute substantially to India’s agri value chain and agri economy has suffered immensely due to the protracted and prolonged suspension of exchange-traded commodity derivatives. IVPA has been a strong proponent of supporting the cause of income improvisation and enhanced price risk management. „ “IVPA believes that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. In light of the findings that the studies conducted by leading economic study institutions such as BIMTECH and SJM School of Management, IIT Bombay has clearly articulated – that futures trading not only aids the process of price discovery and sets pricing benchmarks for agri commodities across spot markets, eventually impacting the retail markets positively – but allows for better crop planning at the farmers end, ultimately benefiting the entire value chain,» he said.

Pushpa 2’ has begun! The upcoming gangster drama is the much anticipated sequel to the 2021 blockbuster. Although the booking is available only in a limited number of states, response has been overwhelmingly positive so far. Advance bookings for Pushpa: The Rule have officially kicked off in four regions: Kerala, Gujarat, Punjab, and Delhi UT. Currently, only 40 shows are available across these locations. While ticket sales have started gradually, the initial response appears promising. As of 11 AM today, the film has garnered an advance booking gross of Rs 21.3K (excluding blocked seats), with approximately 123 tickets sold so far. It’s still early, and the buzz is yet to gain momentum.

Subscribe to enjoy similar stories. Warren Buffett has said he looks for businesses that are like castles, protected by moats. Some of today’s best moats aren’t filled with sharks, though—they are packed with data and analysis.

Crisil Ratings has reaffirmed its credit ratings for Adani Group entities, citing sufficient liquidity and robust operational cash flows despite ongoing legal challenges. It pointed out that lenders and investors haven't taken any negative actions against the group.

HSBC retained its 'Buy' rating on Apollo and KIMS and raised the price targets on Rainbow and Aster with a significant capex cycle underway for hospitals in India in 2025. The brokerage said structural drivers such as an ageing population, an increase in lifestyle-related disorders and rising health insurance coverage remain intact for the growth of hospitals.

Zomato has closed its qualified institutional placement (QIP) to raise ₹8,500 crore, the company said in a filing to the stock exchanges on Friday. The shares were priced at ₹252.62 which is at a nearly 12% discount to Zomato's Thursday closing price of ₹286.10 on the BSE.

Flight trackers first spotted a jet broadcasting the prime minister's callsign en route to the southern US state, in a visit that comes days after Trump threatened the United States' northern neighbor with import tariffs once he takes office. According to the website Flightradar, the Canadian leader's plane landed at Palm Beach International Airport late in the afternoon.

Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other

Thousands of teachers, health care workers, trash collectors and others walked off their jobs across Italy on Friday to protest a decline in spending power, persistently low salaries and government policies they say have weakened public services