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The World Trade Organization chief says she’s “eager” to work with U.S. President-elect Donald Trump and his trade team, while taking a wait-and-see stance about Trump’s plans to impose new tariffs on goods from other countries including China, Mexico ...

markets regulator Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers rules. The order came after the regulator and exchanges, NSE and BSE, had conducted a thematic onsite inspection of the books of accounts, records and other documents of authorised persons (APs) of Reliance Securities Ltd (RSL), a Sebi-registered stock broker. The inspection was conducted to ascertain whether the same are being maintained in the manner required by RSL, with respect to provisions of stock brokers rules, NSEIL Capital Market (CM) regulations and NSE Future & Options (FO) trading norms.

Subscribe to enjoy similar stories. The benchmark Indian equity indices have shown little movement over the past month, and market experts suggest that the lack of fresh triggers may keep the market range-bound in the near term.

₹11.1 crore. The victim, a former ship captain, fell prey to a well-orchestrated scam that began through a WhatsApp group, reported ET.As per the publication, the elderly man was added to the group on August 19, under the guise of a reputed financial services company.

World Trade Organization (WTO) Ngozi Okonjo-Iweala Friday said that in the short to medium term, she would like to work to deliver on the Investment Facilitation for Development (IFD) and that some of the trust which was built at the 12th ministerial conference (MC12), was lost in MC13. WTO members Friday appointed incumbent Okonjo-Iweala as DG the organization for a second term. Her second four-year term will begin on September 1, 2025. Okonjo-Iweala took office as DG in March 2021 and is the first African and the first woman to serve as the head of the global trade watchdog. On IFD, she said in a statement: “We have to find a way forward to handle the concerns of the few members who continue to voice reservations on this matter.”

Six years after Donald Trump started the first trade war with China, the US president-elect has named a series of China hawks to his administration and threatened 60% tariffs on Chinese goods, a level that would decimate trade between the two countries. The dilemma for China now is that its sizable trade surplus with the US means any direct countermeasures may have limited impact. China has already shown a willingness to use some asymmetrical steps against tariffs and trade restrictions from both the Trump and Biden administrations. Should the new threats become policy, Beijing may have to reach further into its arsenal, risking a conflict that could be even harder to contain.

Canada failed to cultivate new trade corridors that could have helped to mitigate the potential impact of Donald Trump’s tariff threats ahead of his return to the White House, experts tell Global News.

Subramanian Sarma, Member of the Board, L&T, says there are currently two to three key themes: a) Ongoing development of traditional fossil fuels, particularly oil and gas; b)collective efforts to enhance green initiatives and reduce carbon footprints, including opportunities in blue and green ammonia, renewable energy, and gas-to-power projects; c)exploration of monetizing and increasing value through petrochemical facilities. Each theme offers significant opportunities, with current prospects estimated between $10 billion and $12 billion. L&T will need to monitor these developments in the coming quarters. Sarma says they are also looking at gas to power opportunities in the Middle East. They have a bit of a preferred status there with one of the main developers with whom we have been working, and so something might unfold. All in all, that business is looking much more buoyant. At least for the next two-three years, he sees a good momentum. How are things looking up because we were just talking with the management of KEC and he pointed out how the power transmission orders and the other EPC orders seem to be picking up in that region. Is that something you are witnessing as well – increased expenditure when it comes to public infrastructure as well as the entire energy space in the Middle East? Subramanian Sarma: Yes, it is very consistent with what the KEC management has said.

Enviro Infra Engineers made a strong debut at the bourses on Friday, which exceeded the Street expectations. The stock listed at nearly 49% premium over the issue price. Post the listing, however, there were signs of some profit booking, sending the shares down 5%. This solid performance was driven by the company's strong fundamentals, strong investor response for the IPO and the positive sentiment surrounding the water and wastewater treatment sector.

Life Insurance Corporation of India surged as much as 5.1% on Friday to Rs 987.50 on BSE after the state-run life insurer clarified media reports suggesting it was in talks to acquire a significant stake in ManipalCigna Health Insurance. The clarification reinforced LIC's ongoing commitment to expanding its business, particularly in the health insurance sector. The clarification also came amid a background of growing concerns in the insurance sector over potential regulatory changes in bancassurance, an area where LIC remains better positioned compared to its peers.

Crisil Ratings has maintained a positive outlook on the Adani Group, citing its financial flexibility and strength in the business, even as top executives, including Gautam Adani, face bribery charges in the US. This comes after a series of ratings downgrades by other agencies, such as Fitch and Moody's. Earlier this month, the US Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the US District Court against Gautam Adani, Sagar Adani, and other key functionaries of Adani Green Energy.

«And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected,» says Sonal Varma, Nomura. This 6.5% figure for Q2 GDP, is it closer to your expectation as well? Sonal Varma: We think it will be closer to the lower end of that range. So, we are expecting Q2 at 6.3%. So, slightly below consensus expectations of 6.5% and also below RBI’s forecast of 7%. I mean, in particular, in our view, we are likely to see a bigger drop in private consumption. Even fixed investment where we saw government spending pick up, our view is the private side of investment, things like construction activity indicators have been quite soft. And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected.

Subscribe to enjoy similar stories. Once considered a safe haven in times of economic turmoil, India’s fast-moving consumer goods (FMCG) sector now finds itself at a crossroads, grappling with rising competition, shifting consumer preferences, and an inflationary squeeze that threatens its stronghold on household essentials. Investors have historically seen it as a defensive sector, a bastion of stability, even during a market correction when it historically holds firm.

President-elect Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world

Paraguay’s foreign minister says his country is committed to its relationship with Taiwan and has no plans to break off their diplomatic relationship in favor of China as he visited the increasingly isolated island

Asian shares are mixed after U.S. markets were closed for the Thanksgiving holiday

Pidilite Industries Ltd. traded at Rs 3054.95 on BSE at 12:37PM (IST) on Friday, 0.31 per cent from previous close. The scrip quoted a 52-week low price of Rs 2475.15 and a high of Rs 3414.40.

Canara Bank 1.65 per cent to Rs 101.30 in Friday's trade as of 12:33PM (IST). The stock hit a high price of Rs 103.80 and low of Rs 100.75 during the session. The return on equity (ROE) for the stock stood at 18.4 per cent. Traded volume on the counter stood at 12:33PM shares and turnover at Rs 8.09 crore around that time. The stock of Canara Bank quoted a 52-week high price of Rs 129.35 and 52-week low prices of Rs 77.97, respectively.

Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public. The Oslo-based company is working with advisers on the potential share sale, the people said. It could seek a valuation of over $2 billion for the unit, one of the people said.

REC Ltd. 0.19 per cent to Rs 529.35 in Friday's trade as of 12:28PM (IST) even as the benchmark Nifty ruled at 24100.65, 186.5 points. The scrip had closed at Rs 528.30 in the previous session. The stock quoted a 52-week low of Rs 331.85 and a high of Rs 653.90. The company quoted a market-cap of Rs 138994.73 crore on the BSE.

market, there are multiple stocks that are still trading about 50-time earnings," says Ashish Gupta, CIO, Axis Mutual Fund. No doubt the markets have seen a very good recovery from the lows that it hit in the month of November, but one of the crucial questions now that will be on everyone's mind is that, is India value buy after the recent sell-off? Ashish Gupta: So, it is great that some of the froth in the market and in the valuations have come off in the month of October. However, I do not think in terms of multiple, the market has really come into a value zone yet. Of course, there are individual stocks that are now much more attractive, but on an aggregate basis, I do not think the market multiples have corrected as much.