Trade Financial News

strike by Maharashtra State Road Transport Corporation (MSRTC) employees was called off on late Wednesday evening following government's assurance of a salary hike, union leaders said, providing a relief to passengers planning travel during the ensuing Ganesh festival. An action committee of trade unions representing employees of the state-run corporation announced an end to the strike after a meeting with Chief Minister Eknath Shinde, who agreed to give a Rs 6,500 per month hike in basic salary to MSRTC staffers, fulfilling their main demand. The hike will come into effect retrospectively from April 2020, said a release from the Chief Minister's Office (CMO). «We are calling off our agitation as the chief minister has assured a salary hike to MSRTC employees,» Sandeep Shinde, a leader of the Maharashtra ST Kamgar Sanghtana, told PTI, after the meeting with Shinde.

Gold prices slumped by Rs 450 to Rs 73,600 per 10 grams in the national capital on Wednesday, extending losses for the third straight session amid a decline in precious metal rates in the overseas markets. In the previous session, the yellow metal of 99.9 per cent purity had closed at Rs 74,050 per 10 grams. Silver prices also plummeted by Rs 1,650 to Rs 83,600 per kilogram from Rs 85,250 per kg in the previous close, according to the All India Sarafa Association.

Billionaire investor Ken Griffin's suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare.

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

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...

Shares of Bharat Forge Ltd.(up 2.47 per cent), Apollo Tyres Ltd.(up 1.16 per cent), Balkrishna Industries Ltd.(up 0.99 per cent), MRF Ltd.(up 0.68 per cent) and Hero MotoCorp Ltd.(up 0.66 per cent) ended the day as top gainers in the pack.

Popular crypto YouTuber Oscar Ramos has 1 billion Shiba Inu $SHIB tokens ($13,405 at today’s price), and by his estimate there is a small chance he can be a millionaire.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Despite this, net inflows into equity funds stood at £545m over the course of the month, as canny shareholders opted to ‘buy the dip', according to Calastone's Fund Flow index.  Only the first three days of August saw net selling, as investors pulled £206m out of their existing holdings, a trend that quickly flipped and was followed by renewed buying over the next five days, totalling £592m of inflows into equity funds during that period.  Markets remain vulnerable to unwinding of yen 'carry trade' Despite the slight recovery of equity fund inflows, this significant decline still s...

The leaders of South Korea and New Zealand have strongly condemned the deepening military ties between North Korea and Russia

While a number UK investment trading apps allow investors to purchase fractional shares within ISAs, the UK tax authority said last year that fractional shares would not eligible for tax-free accounts. HMRC has now changed its position ahead of an expected change in UK legislation by the new Labour government as early as 30 September, according to draft secondary legislation seen by the Financial Times. Charles Schwab brings US fractional share trading to UK investors «The government has committed to changing the ISA rules to allow certain fractional shares,» the HMRC told the news...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company's latest bid to grow market share abroad.

B2BROKER, a developer of the advanced copy trading platform B2COPY, has recently integrated its B2COPY platform with Spotware’s cTrader, the premium and first Open Trading Platform™. This integration enables cTrader’s brokers and traders to leverage both the platform’s and B2COPY’s innovative features for an elevated and more effective copy trading experience.

interest equalisation scheme on pre- and post-shipment rupee export credit for one more month till September 30 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on August 31. In June, it was extended for two months. In a trade notice, the Directorate General of Foreign Trade (DGFT) said, «Trade and industry is hereby informed that the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, which had earlier been extended up to August 31 as a fund limited scheme, has been further extended for one month i.e., up to September 30, 2024.» It said, however, this extension is applicable only for MSME manufacturing exporters.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.26 per cent higher in Wednesday's session at 12:17PM (IST). The stock opened at Rs 5074.25 and has touched an intraday high and low of Rs 5085.0 and Rs 5020.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 5149.6 and a 52-week low of 3300.0. About 1,144 shares changed hands on the counter so far.

«I will not rule out something bigger at this point of time. It does look, at least looking at Bank Nifty that there could be further weakness. So, we are keeping our odds open for a further correction on the downside,» says Rohit Srivastava, Founder, Strike Money Analytics. We have finally snapped the 14-day gaining streak that we have been seeing. Does Nifty charts indicate any more downside from here on level or this is just a temporary blip that we are looking at? Rohit Srivastava: So, my thought is that the Nifty is sort of done with this move for the time being. September typically brings in some volatility into markets and you also have the US election season which creates a lot of noise as well.

HSBC Mutual Fund has announced the launch of HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme. The new fund offer or NFO of this new scheme will open for subscription on September 5 and will close on September 19. HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies engaged in or expected to benefit from export of goods or services. The scheme has the flexibility to invest in companies that are part of the exports theme across market capitalization – large cap, mid cap and small cap companies, according to a press release by the fund house.

ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2% while Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3.

GAIL (India) Ltd. traded 1.44 per cent up at Rs 229.25 at around 01:07PM (IST) on Wednesday. The stock had closed at Rs 232.6 in the previous session. Equity benchmark Sensex traded 383.81 points lower at 82171.63 around the same time.

Shriram Finance Ltd. traded 1.27 per cent up at Rs 3233.0 at around 01:03PM (IST) on Wednesday. The stock had closed at Rs 3274.75 in the previous session. Equity benchmark Sensex traded 389.84 points lower at 82165.6 around the same time.