Trade Financial News

CFM ARC has emerged as the winning bidder for defunct Carnival Cinemas. This follows CFM offering ₹78 crore to take over Carnival's ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.

NSE) has added 45 stocks to the futures and options (F&O) segment effective November 29. In a circular on Wednesday, the NSE stated that contracts for companies such as Adani Energy, Adani Green, Angel One, Bank of India, BSE, CDSL, CESC, Delhivery, Avenue Supermart, HUDCO, Jio Financial, JSW Energy, NHPC, FSN E-Commerce, Tata Elxsi, Yes Bank, Varun Beverages, and Zomato, among others, will be available for trading from November 29.

Swiggy on Wednesday listed at a 5.6% premium to its initial public offer (IPO) price of ₹390, making it the first company with issue size of over ₹10,000 crore in the past decade to have listed above the offer price. The stock closed 17% above its issue price at ₹455.95 in a weak market, surpassing analysts' expectations of a tepid debut. The company's market capitalisation at close on Wednesday was ₹1.02 lakh crore.

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been on a selling spree when it comes to Indian stocks. According to NSDL data, FIIs sold Indian stocks worth more than ₹94,000 crore in October.

Astana International Financial Centre (AIFC). The event brought together prominent business leaders, government officials, and industry experts to discuss opportunities for increased trade, joint ventures, and collaboration in the electronics and engineering sectors. The Keynote address was delivered by Ambassador Dr. T.V. Nagendra Prasad. The chief guest was Mr. Meiram Pshembayev, Chairman of the Association of Kazakhstan Machinery Industry. The event was held in the hybrid format. Around 50 companies from both sides participated in the event. Thematic sessions on Electronics and Engineering Sectors took place in which experts from both sides gave presentations, followed by a lively question and answer session. From the Indian side, the event was also joined virtually by the Electronics and Software Export Promotion Council (ESC), Engineering Export Promotion Council (EEPC), Federation of Karnataka Chamber of Commerce (FKCC) and their member companies dealing in exports of electronics and engineering goods.

Donald Trump’s second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada’s border.

The post-election bitcoin price run has shown no signs of slowing down, as the world's largest crypto asset recently traded above $93,000 for the first time in its history.

By Dylan Smith

net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year. Revenue grew 12% YoY to Rs 258 crore in Q2FY25 driven by 40% growth in CDMO business and consolidation of acquired business.

employee benefit trust under unit-based employee benefit (UBEB) schemes. This will facilitate easier acquisition and distribution of units to employees. «In order to promote ease of doing business and to facilitate the acquisition of units by the employee benefit trust and the subsequent transfer of units to the employees as per the terms of the UBEB scheme, it is proposed that the… lock-in and allotment related restrictions shall not apply to the employee benefit trust,» Sebi said in separate circulars.

Wockhardt on Wednesday reported a net loss of Rs 16 crore in Q2FY25 led by improved performance across UK, India and emerging markets. The Mumbai-based drug maker reported a net loss of Rs 73 crore in Q2FY24.

Donald Trump coming back to the White House, one such big swings may be on the cards. The economic policies proposed by the US-President elect look set to help the US economy, it might spell trouble for the rest of the world, reports The Economist. Trump laid out a broad array of ideas aimed at providing tax relief, cutting prices, hiking tariffs and strengthening the economy, which ranks at the top of voters’ concerns. However, what parts of economic agenda Trump implements is still unclear, but the unsteadiness in the American stock market is enough to give us a clue what the investors expect (the S&P 500, an index of large American firms, hit successive records on November 6, 7 and 8). ALSO READ: Donald Trump is back: What it would mean for US economy and rest of the world

Alkem Laboratories on Wednesday posted a 11% year-on-year (y-o-y) jump in net profit to Rs 689 crore in Q2FY25 led by growth in domestic formulation sales. The company reported Rs 620.5 crore in the corresponding quarter of the previous year.

John Curtice, the 32-year-old macro trader who joined hedge fund Millennium earlier this year on a package allegedly worth $50m has left again. Bloomberg reports that his apparently inadvertent exit followed a ‘net low single digit loss,’ and claims that Curtice exceeded guidance on his risk limits. However, Bloomberg also says that Curtice’s trades didn’t hit a limit that would actually trigger a stock loss. Instead, the fund is said to have had multiple ‘discussions’ about risk limits with him before he left. 

It's Goldman Sachs partner day. The firm just announced a new list of 95 partners, its highest number since at least 2016, when it announced 84 new partners. The last time partners were announced, in 2022, there were only 80 on the list. 

Shares of ended the day as top gainers in the pack.

Donald Trump emerged victorious in the US Presidential elections, and as soon as he comes to power following the end of Biden's tenure, his proposed set of economic plans will begin seeing the green light, and according to a Wall Street strategist, some of it could make the possibility of a US recession a harsh reality.

stood among the top gainers.

If things had gone differently last week, U.S. President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor’s cooperation with eager Latin American partners

Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets

European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory