Trade Financial News

Bitcoin is trading at $54,400, with a modest 0.20% increase over the past 24 hours. While the cryptocurrency market grapples with bearish trends, Bitcoin’s adoption continues to rise, particularly in countries facing economic instability.

Hezbollah fighters in Lebanon and Israeli forces traded cross-border attacks, both sides said early Sunday, a day after the Lebanese health ministry reported three rescuers killed in an Israeli attack. The Iran-backed Lebanese movement has exchanged near-daily fire with Israeli forces in support of ally Hamas since the Palestinian militant group's October 7 attack on Israel triggered the war in the Gaza Strip, with repeated escalations during 11 months of the cross-border violence. Hezbollah said it had bombarded the northern Israeli town of «Kiryat Shmona with a volley of Falaq rockets» early Sunday «in response to the enemy attacks… and particularly the attack» that killed the emergency workers in the Lebanese village of Froun.

Greece’s prime minister says he will not allow excessive spending to derail the country’s recovery from the lengthy financial crisis that required an unprecedented infusion of funds from its creditors

Jaishankar will on Sunday embark on a six-day visit to Saudi Arabia, Germany and Switzerland with a larger aim to boost overall bilateral ties and deliberate on pressing regional and global challenges. He will first travel to the Saudi capital Riyadh on a two-day trip primarily to attend the first India-Gulf Cooperation Council (GCC) foreign ministers' meeting, according to the Ministry of External Affairs (MEA). The GCC is an influential grouping comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. The total volume of India's trade with GCC countries stood at USD 184.46 billion in the financial year 2022-23. In Riyadh, Jaishankar is also expected to hold bilateral meetings with foreign ministers of several GCC member countries.

Himanta Biswa Sarma on Saturday said the government will recommend a CBI probe into the illegal online trading scam unearthed in the state, if required at a later stage. A top police officer said so far 59 arrests have been made, 22 look-out circulars issued, and 14 Special Investigation Teams (SITs) formed in connection with the scam. Reports indicate that several online trading firms operated in the state without adhering to SEBI or RBI guidelines, leading to significant investor losses. A number of traders involved in these firms have been apprehended, while others remain at large. «Assam Police has set up Special Investigation Teams (SIT) to monitor the cases of illegal online trading. The Enforcement Directorate and Income Tax have been taken into confidence. At the district level, the district police is handling it and the CID is tackling it at the headquarters level,» Sarma told reporters here.

Wockhardt has denied 'conflict of interest' and 'corruption' allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the Mumbai-based drugmaker is involved in multiple cases with market regulator, including that of insider trading. Wockhardt called the allegations 'baseless and misleading'. «It has come to our attention that there are certain allegations pertaining to payment of rent by Carol Info Services Limited and its connection with certain orders passed by SEBI in relation to the Company,» the company said in a statement to exchanges on Friday evening.

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...

Narendra Modi accompanied by his Singapore counterpart Lawrence Wong on Thursday visited a leading Singaporean semiconductor company and also signed an MoU on India-Singapore Semiconductor Ecosystem Partnership. Around the same time Maharashtra cabinet panel approved a $10-billion (₹83,947 crore) investment proposal by a joint venture between Israel's Tower Semiconductor and Adani Group to set up a semiconductor chip manufacturing unit at Taloja. A few days earlier, the Union Cabinet had approved setting up of an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat by Kaynes Semicon with a Rs. 3,307 crore investment. The capacity of this unit will be 63 lakh chips per day. Now, ET has reported that the Indian Semiconductor Mission (ISM) is likely to receive a second budgetary allocation of up to $ 10 billion ISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and design capabilities was first established in 2022 with a budgetary allocation of $10 billion. The government will have to seek fresh funding under the ISM as it has almost exhausted the funds in the first phase which saw approvals of $11 billion, an official has told ET. Before nod to Kaynes and Tower-Adani plants, India had approved five chip plants: two by the Tata Group in Assam and Gujarat; and one each by Micron and CG Power in Gujarat and by RRP Electronics in Maharashtra.

National Conference's manifesto, Union Minister and BJP leader Amit Shah said on Saturday that they want to bring back the old system and start talks with Pakistan but «till there is no peace, there will be no talks with Pakistan.» Criticising the Congress and National Conference's manifesto, Shah said that they want to spread terrorism, snatch reservations of Gujjars, Bakarwal, Paharis and Dalits, release criminals and start LOC trade with Pakistan in Jammu and Kashmir. Stating the BJP's 10 agendas for elections, Shah said, «Congress and NC want to bring back two flags, article in Jammu and Kashmir, will you? They want to snatch the reservation of Gujjars, Bakarwal, Paharis and Dalits. I want to tell one thing to Rahul Gandhi: no matter how much effort you put in, we will not let the reservation of Gujjars, Bakarwal, Paharis and Dalits be touched. Abrogation of Article 370 has given rights to women, will you let them snatch their rights? They want to release the criminals wrapped up in terrorism, but we won't let them spread terrorism in Jammu, Poonch, Rajouri, and Doda. They say we will re-start LoC trade, but who will benefit from it? There profit will be used in spreading terrorism. They want to talk to Pakistan but I want to say that till there is no peace, there will be no talks with Pakistan.»

Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company. «In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading,» Wockhardt said in a regulatory filing late Friday. It said the company has acted and continues to act in compliance with all applicable laws. On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch — as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) — had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.

India is projected to become a USD $5 trillion economy by 2047. This growth is expected to be driven by a few major factors, key amongst which is a stronger, more robust, streamlined, organised, and efficient logistics and transport infrastructure. The recently announced Union Budget and the broader Amrit Kaal 2047 vision — the government’s active effort to make India an export-led, aatmanirbhar economy — all seek to lay a strong foundation for an organised logistics sector in India. Why? Because the logistics sector, one way or another, will be a significant economic driver for the country in coming years. Consider this: India’s current contribution to global exports stands below 2%. By undertaking strategic capacity building for the logistics sector, the government can, not just boost the economy in the short and medium terms but also supercharge long-term development and economic activity with a massive headroom for growth. Increasing the country’s participation in international value chains through a more organised logistics sector has, therefore, emerged as a clear policy priority — and key players in the space can contribute significantly to this nation building project.

investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here's your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam and Naomi Rovnick and Amanda Cooper in London.

Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company's shareholders to vote in her favour at the culmination of the company's annual general meeting on Friday, as per a stock exchange disclosure. The widow of KK Modi will turn 80 next week and is locked in a boardroom battle with her sons Samir and Lalit Modi, who are contesting her control over a family trust that they want dissolved.

traders cut bets ahead of the crucial US jobs data scheduled to be released after trading hours in Mumbai. Speculation that foreign funds were selling ahead of the deadline to comply with the ultimate beneficial ownership norms on Friday also dented sentiment. The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.

MSKA & Associates, the audit firm of embattled edtech startup Byju's, has informed the company's board of its resignation as statutory auditor with immediate effect, said two people aware of the development. This will affect the firm's audit for FY23 accounts. It had been appointed for a five-year term ending FY27. In the resignation letter, the auditor also cited a suspicious transaction related to Dubai-based reseller More Ideas General Trading LLC that had been reported to the ministry of corporate affairs (MCA) on September 2, said the people quoted above. This involves recovery of about ₹1,400 crore from the reseller. ET had reported February 19 that investors in Byju's had raised red flags over the management's failure to recover dues in this particular transaction.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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...