Trade Financial News

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

Enfusion, a U.S. software provider for asset managers, is in talks with investment bankers to evaluate options that could include a potential sale, according to people familiar with the matter. The Chicago-based company, which has a market value of $1.1 billion, decided to interview investment banks in recent weeks after receiving takeover interest from potential suitors including private equity firms, one of the sources said, requesting anonymity as the matter is confidential. Enfusion has not launched a sale process yet and it is possible that the company opts to stay independent, the sources added. Enfusion did not immediately respond to requests for comment.

Nifty can continue its upward momentum towards 26,000, the next major call concentration area. At this point, one should trail a stop loss towards 25,550 to hold long positions. 26,000 is the immediate target, which could be achieved in the next couple of trading sessions,” says Rajesh Palviya, SVP Research (Head Technical & Derivatives) Axis Securities. Edited excerpts:

Vodafone Idea. They now need to return to the drawing board to find ways to raise significant funds to handle these dues,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Edited excerpts: ET Now: Though there has been a furious run-up in the Nifty Bank Index, it is the PSU banking stocks that are not participating much. What is your sense of what is exciting for these private banks, and why are PSU banks still lagging? Do you believe that PSU banks will catch up next week?

Cambodian Prime Minister Hun Manet says he's pulling his country out of a development agreement with neighboring Vietnam and Laos following protests that it was benefiting foreign interests

Nifty consolidated sideways in four out of five sessions in the week that went by; it was the last trading session of the week that saw a strong trending move that took the index to a fresh lifetime closing high. The trading range remained wider on the expected lines; the index oscillated in the 563.70 points range through the week. Volatility inched higher; the India VIX rose 1.91% to 12.79 on a weekly note. Following a largely quiet but ultimately trending week, the

IPOs set to be launched next week. These issues include two in the mainboard segment and 8 in the SME segment. The mainboard issues include that of Manba Finance and KRN Heat Exchanger, which will cumulatively raise around Rs 482 crore.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

value investing style has stood out, as ICICI Prudential's Rs 50,000 crore Value Discovery Fund has grown at a staggering pace of 21% CAGR. An investment of Rs 10 lakh made at the time of the scheme's inception in August 2004 would now be worth around Rs 4.67 crore. S Naren, CIO of ICICI Prudential AMC, who has been running the fund for the last 2 decades, says value investing has remained relatively uncrowded over the years.

artisans and craftspeople engaged in these trades like pottery, boat making, shoe making, etc. touch the lives of the people around them and their contribution is pivotal in the economy of the rural India. Most of these artisans and craftspeople have been a part of informal economy and work with their hands and tools. In this background, PM Vishwakarma, was launched by Hon’ble Prime Minister on Vishwakarma Jayanti on 17.09.2023 by the Government of India for transforming the lives of these artisans and craftspeople, known as Vishwakarmas through a number of positive interventions. PM Vishwakarma Scheme is a holistic scheme that provides an end-to-end support to artisans and craftspeople. Under the Scheme, the traditional trades covered are carpenter (suthar/badhai), boat maker, armourer, blacksmith (lohar), hammer and tool kit maker, locksmith, goldsmith (sonar), potter (kumhaar), sculptor (moortikar, stone carver), stonebreaker, cobbler (charmakar)/ shoesmith/ footwear artisan, mason (rajmistri), basket/mat/ broom maker/coir weaver, doll & toy maker (traditional), barber (naai), garland maker (malakaar), washerman (dhobi), tailor (darzi), and fishing net maker.

The federal government is suing some pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for patients

U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20.

After notching their biggest daily percentage gains since mid-August, major averages were subdued for most of the session, but managed to secure weekly gains of at least 1%.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%, at $74.49 a barrel. U.S. WTI crude futures settled down 3 cents, or 0.4%, to $71.92.

Adani Total Gas, the equal joint venture between Adani Group and French energy major Total Energies, has raised over ₹3,131 crore ($375 million) from BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation, the company said on Friday. The facility will fast-track the capital expenditure programme enabling Adani Total Gas to rapidly expand its city gas distribution network into its 34 authorised geographical areas (GAs) across 13 states, the company said in a regulatory filing, adding that this development agenda will cater to up to 14% of India's population covering more than 200 million people.

Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic — opting for 50 basis points instead of 25 — and pledging more would come.

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Pepe Unchained ($PEPU) has raised $14.1 million in its presale as Pepe-themed coins surged on Friday.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...