Trade Financial News

01.10 / 17:31

markets security Analysis Research trends Trade Experts Sebi favours tax breaks for municipal bond subscribers: Official

Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting with the Finance Commission, Sebi whole-time member Ashwani Bhatia said.

01.10 / 17:03

markets security Sustainability Trade information reports Schools Vessels hit off Yemen's Hodeidah, Houthis claim attack on tanker

vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said. Both vessels reported that their crews were safe. One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

01.10 / 17:03

markets Platform Trade RAI reports Schools Groww reports over 300% rise in net profit at Rs 297 crore in FY24: ICRA

broking platform Groww has reported a net profit of Rs 297 crore in FY24, a 300% increase from Rs 73 crore in the previous year, according to filings made with credit rating agency ICRA. In FY24, its overall revenue more than doubled to Rs 2,899 crore, compared to Rs 1,294 crore in 2023. The continued growth in Groww’s client base has been supporting the scale-up in its broking volumes and earnings. Despite its foray into the margin trading facility (MTF) business, which will lead to higher dependence on borrowings, Groww’s financial leverage is expected to remain comfortable, the ICRA report noted.

01.10 / 12:47

markets Extreme Trade country Schools Investigations India initiates dumping probe on six products imported from China

DGTR) is probing the dumping of 1,1,1,2-Tetrafluoroethane or R-134a; Acrylonitrile Butadiene Rubber; certain Antioxidants; polytetrafluoroethylene; black toner powder cartridge; and colled rolled non-oriented electrical steel from China. According to six separate notifications, the applicants have alleged that material injury is being caused to the domestic industry due to the dumped imports of these products originating in or exported from China into India. They have requested for imposition of anti-dumping duty on these imports with a view to guard them from cheap imports.

01.10 / 12:47

markets security Analysis Enterprise Research Trade reports Adani flagship’s $1.3 billion share sale said to start next week

Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan. Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7, said the people aware of the discussions, who asked not to be identified as the information is not public yet.

01.10 / 12:39

markets UPS CEO Trade President 2020 Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

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01.10 / 12:15

markets security Trade Justice reports Department Courts TD Bank to pay more than US$20M over ‘spoofing’ charges

The U.S. broker-dealer unit of Toronto Dominion Bank TD.TO has agreed to pay over $20 million under a deal with U.S. authorities to settle charges that it manipulated the U.S. Treasuries market.

01.10 / 11:59

markets UPS Analysis Research Trade Updates Stock market update: Sugar stocks up as market falls

Uttam Sugar Mills Ltd.(up 5.31%), Balrampur Chini Mills Ltd.(up 4.88%), Dalmia Bharat Sugar and Industries Ltd.(up 4.41%), Avadh Sugar & Energy Ltd.(up 3.10%), Rajshree Sugars & Chemicals Ltd.(up 2.44%), Dwarikesh Sugar Industries Ltd.(up 1.69%), Mawana Sugars Ltd.(up 1.62%), Simbhaoli Sugars Ltd.(up 1.48%), KM Sugar Mills Ltd.(up 1.44%) and Bajaj Hindusthan Sugar Ltd.(up 1.43%) stood among the top gainers.

01.10 / 11:59

markets security Analysis Enterprise Research Trade Updates Stock market update: Nifty Realty index falls 0.2%

Shares of Godrej Properties Ltd.(up 2.9 per cent), DLF Ltd.(up 2.08 per cent), Brigade Enterprises Ltd.(up 1.0 per cent) and Sunteck Realty Ltd.(up 0.38 per cent) ended the day as top gainers in the pack.

01.10 / 11:41

markets Enterprise WhatsApp Trade Updates Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index ended the session 13.95 points down at 25796.9, while BSE Sensex fell 33.49 points to 84266.29.

01.10 / 11:41

markets security Analysis Research trends Trade Updates Stock market update: Nifty Bank index falls 0.1%

Shares of Kotak Mahindra Bank Ltd.(up 1.38 per cent), State Bank of India(up 1.15 per cent), Bank of Baroda(up 0.45 per cent), Federal Bank Ltd.(up 0.2 per cent) and ICICI Bank Ltd.(up 0.11 per cent) ended the day as top gainers in the pack.

01.10 / 11:41

markets Analysis Research Micron Trade Lexus Updates Stock market update: Mining stocks mixed as market falls

Ashapura Minechem Ltd.(up 4.29%), Aro Granite Industries Ltd.(up 2.44%), Pokarna Ltd.(up 2.15%), Madhav Marbles & Granites Ltd.(up 1.18%), Sandur Manganese & Iron Ores Ltd.(up 0.60%), The Orissa Minerals Development Company Ltd.(up 0.52%) and Lexus Granito(India)Ltd.(up 0.46%) stood among the top gainers.

01.10 / 11:07

markets security Analysis Research trends Trade Experts Sensex falls! These stocks fell 5% or more in Tuesday's session

On the BSE, Dhyaani Tile & Marblez(down 18.57 per cent), Kamdhenu Ventures(down 9.99 per cent), Arnold Holdings(down 9.99 per cent), Soma Textiles(down 9.98 per cent) and Intellivate Cap(down 9.95 per cent) stood among the top losers in today's trade.

01.10 / 11:07

markets UPS security Analysis Research Trade IIFL Home Finance to raise up to Rs 3,000 crore via public issue

IIFL Home Finance plans to raise up to 30 billion rupees ($358 million) through a public issue of bonds, according to a draft shelf prospectus filed by the company on Tuesday. Trust Investment Advisors and IIFL Securities are the lead managers to the home finance company's issue, which is rated AA by Crisil and India Ratings.

01.10 / 11:07

markets security Analysis Research Trade Updates Pharmaceuticals Stock market update: Nifty Pharma index advances 0.07%

Shares of Granules India Ltd.(up 3.68 per cent), Mankind Pharma Ltd.(up 2.32 per cent), Biocon Ltd.(up 2.08 per cent), Alkem Laboratories Ltd.(up 1.63 per cent) and Laurus Labs Ltd.(up 1.23 per cent) ended the day as top gainers in the pack.

01.10 / 10:47

UPS Assurant Align Bill Trade Justice country Here’s how cross-border data transfers can be smoothened

Subscribe to enjoy similar stories. When Justice B.N. Srikrishna first introduced the concept of data localization into the draft data protection law he proposed in 2018, I was not in favour of it.

01.10 / 10:47

markets COST Manufacturing Research Trade reports International Bad omens for India’s goods exports

Subscribe to enjoy similar stories. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 56.5 in September from 57.5 in August. A reading of 50 separates expansion from contraction.

01.10 / 09:17

markets Digital Booking CEO Platform Trade 2020 London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake

London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.

01.10 / 09:13

markets DOW Manufacturing Nikkei Trade show Markets in Europe and Asia are mixed, as Japan's benchmark rebounds from Monday's big tumble

World shares are mixed, with Japan's Nikkei 225 index regaining some of its sharp losses from a day earlier

01.10 / 09:13

UPS Election Trade President country reports International A dockworkers strike could shut down East and Gulf ports. Will it affect holiday shopping?

U.S. ports from Maine to Texas could shut down if a union representing about 45,000 dockworkers carries through with a threatened strike early Tuesday

01.10 / 09:11

markets UPS Provident security Kraken Trade Features Why Kraken is a Go-To Exchange for UK Cryptocurrency Traders in 2024

According to a survey by the FCA, an estimated 10% of UK adults own crypto. Meanwhile, Statista projects that crypto adoption will increase to 35.12% by 2025, reaching 23.95 million users.

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