Trade Financial News

IPO) of Mumbai-based realty player Arkade Developers will open for subscription on September 16. The issue, which is completely a fresh equity sale of Rs 410 crore, will close on September 18. The price band for the issue will be announced soon.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

exports could increase to over Rs 80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY. A report by Industry body Agro Chem Federation of India (ACFI) and EY titled 'Indian Agrochemical Industry: The Story, the challenges and the aspirations' noted that the exports of agrochemicals stood at Rs 43,223 crore in the 2022-23 fiscal. «India's Agrochemical exports outweigh the domestic consumption of the same. The Indian exports by agrochemical industry have witnessed commendable growth in recent times,» said the report which was released at the 7th AGM of ACFI held recently. ACFI said that the government must focus on facilitating a conducive environment which includes streamlining licencing norms and improving infrastructure for storage and sale, incentivise biopesticide production, streamline registration process for new molecules, enter trade agreements with countries with more relaxed MRL norms, introduce PLI-like scheme to attract investment from global players.

In its trading update published today (9 September), the energy storage trust said the 19.91p fall was mostly caused by «third-party revenue forecasts», which contributed 19.47p of the total decline, due to the introduction of a «new, more conservative curve provider». GRID noted the fund generated net revenues of £17.9m over the six-month period, although 14.5% lower than the £20.5m generated in the first half of 2023. This, it explained, was caused by an «especially weak» first quarter of 2024, but revenues recovered and stabilised in Q3, although «at a level lower than expected over t...

₹344.1 crore after having not handled any business in 2022—chiefly on account of getting more business from the Adani conglomerate. Incidentally, Rakesh Ramanlal Shah, chairman and managing director of Diamond Power Infrastructure, is the brother-in-law of Gautam Adani, India’s second-richest person. Shah, 71, is married to Priti, sister of Gautam Adani.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

youngsters who are trading at a very fast pace and losing money. Now, here’s a fourth data point to suggest that it doesn’t seem to be bothering them, given that they continue to trade in derivatives in their search to make quick and more money. A recent research note published by ICICI Direct, a stock brokerage, points out that in March 2024, the monthly turnover of futures and options in India reached $1.1 trillion, from $27 billion in March 2019, a jump of close to 4,000%.

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy

Edited excerpts from the interview. The earnings season has indeed been mixed, with sectors such as pharmaceuticals, healthcare, consumer durables, capital goods, and automobiles showing more than 20% Ebitda growth. However, pressure in oil & gas and cement has kept overall Ebitda growth subdued in low single digits.

These Indian Warren Buffetts are the ones who are known widely for their value investing approach and long-term vision. When they pick stocks, it sends the investor circles and Whatsapp groups in an overclocking mode. So, it makes sense to know about the stocks these Indian Warren Buffets are betting big on, especially now that the Sensex is continuing its bullish run.

Moving Forward, the upcoming FOMC meeting, scheduled for mid-September, is drawing significant attention, with widespread expectations that the Federal Reserve will cut interest rates. Domestically, investors will be closely watching the rupee's movement against the dollar, crude oil prices, and the investment trends of foreign portfolio investors.

US India Strategic Partnership Forum spoke with ET on potential of the partnership and what to expect from the meeting of top military manufacturers, startups and venture capital firms that are gathering at the Stanford university to identify future military challenges, emerging disruptive technologies and jointly develop solutions for the armed forces. Particular interest is expected in startups that have focused on Artificial Intelligence, cybersecurity and autonomous systems. The summit will take forward the top level Initiative on Critical and Emerging Technology (ICET) initiative signed between the two nations. Question: What is the idea behind the INDUS-X summit and what outcomes are hoped to be achieved? Mukesh Aghi, President USISPF: This edition of INDUS-X is themed “harnessing investment opportunities to enhance cross-border defense innovation ecosystems". It is an exciting intersection since this is the first time INDUS-X is being hosted at Stanford and Silicon Valley, which will be the link for startups and VCs with the defense industry and policymakers and fortify defenses in the 21st-century era of autonomous weapons and new threats.

Tokyo's Nikkei index shed more than three percent on Monday, after weaker than expected US jobs growth and speculation over a Fed rate cut caused global markets to slump. The benchmark Nikkei 225 was down 3.02 percent, or 1,098.77 points, at 35,292.70 in early trade, while the broader Topix index fell 2.67 percent, or 69.28 points, at 2,528.14.

ET Intelligence Group: Tolins Tyres, a manufacturer of tread rubber and tyres, is aiming to raise ₹230 crore through an initial public offering. The IPO will consist of a fresh issue of shares worth ₹200 crore, which will be used for loan repayment and to enhance working capital, while the rest will come from an offer for sale by its promoters. The company's go-to-market strategy involves utilising dealers and distributors (B2C), focusing on fleet operators by offering quality comparable with leading tyre brands at a significant discount. In contrast, its competitors have concentrated on state transportation businesses (B2G), compressing net margins.

Asian stocks slipped on Monday after US jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Equities in Australia, Japan and South Korea racked up losses in early trading, while US futures were little changed. The dollar was steady against peers, with traders split on the size of the Fed’s easing next week. Iron ore fell below $90 a ton for the first time since late 2022.

ecommerce and forex trading portals, following investigations by the Enforcement Directorate (ED), said people aware of the matter. They include OctaFX, Fairplay, Magicwin, Mahadev Online Book and 30 others, operated by promoters located in Spain, Dubai, Russia and Pakistan.

Green Hydrogen Certification Scheme of India. The Bureau of Energy Efficiency would be the nodal authority to accredit agencies for monitoring, verifying and certifying green hydrogen projects, as per the draft. The ministry is seeking suggestions from stakeholders by September 27. The scheme will be able to provide clear guidelines for calculating greenhouse gas emission intensity during production of green hydrogen and establish the certification procedure as a guarantee of origin, it said.

Education has become a primary goal of artificial intelligence interests in Washington

New Delhi: Talks on a free trade agreement (FTA) between the UK and India is expected to resume next month after a “comprehensive review" of progress so far by the two sides, two people aware of the matter said, with subjects like migration and mobility put under the scanner by the new Labour government led by Prime Minister Keir Starmer. "The fourteenth round of FTA negotiations, stalled due to the general elections in both countries, will kickstart again next month, now that elections are over and new governments have taken charge," said the first person mentioned above, speaking under anonymity. "Both sides are hoping for a quick completion of the FTA.

It allowed unlicensed money transfers from around the world to reach gamblers.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...