Trade Financial News
23.08 / 19:20
markets
Blockchain
Digital
Tether
USDT
security
Trade
Tether Scraps Plans to Launch its Own Blockchain for USDT
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...
23.08 / 19:00
23.08 / 18:48
markets
Citi
Platform
Research
Trade
2020
reports
How the advent of e-commerce has reinvented the growth of traditional retail
Employment and Consumer Welfare’ released on Wednesday. The report’s findings are principally based on a panIndia survey of 2,062 online vendors, 2,031 brick-and-mortar vendors, and 8,209 consumers of products from ecommerce websites. It was conducted across 35 cities in 20 states and UTs. The survey itself was guided by a robust methodology and conducted by PRICE (People Research on India’s Consumer Economy). Given the veracity of the survey findings, it would be most useful for policymakers to take cognisance of these empirical findings. One of the most striking takeaway is that the apocalypse narrative of large-scale destruction of kirana stores is rejected by brick-and-mortar vendors themselves. The survey asked vendors if they were aware of any physical stores that had shut down in their vicinity since 2020, and what they thought the contributing reasons were. Less than 20% reported a physical store closure in their neighbourhood since 2020 when the pandemic drove an ecommerce boom. Only 6% of offline vendors attributed these store closures to consumers shifting to online shopping. A slightly higher proportion — 8% — attributed physical store closures to the growth of large organised retail.
23.08 / 18:17
Research
Trade
show
country
Pharmaceuticals
US India's top trade partner in first half of the year; max deficit with China
United States has emerged as India's top trading partner in January-June this year, while the country has recorded its highest trade deficit of $41.6 billion with China during the period, think tank Global Trade Research Initiative (GTRI) said Friday. India exports goods to 239 countries of which 126 countries showed positive growth in exports. Imports from Russia grew to $34.4 billion from $30.8 billion, a 11.65% increase. It also said the country's merchandise exports rose 5.41% to $230.51 billion during the first half of 2024, led by sectors like iron ore, pharmaceuticals, precious stones, basmati rice, chemicals, and smartphones.
23.08 / 17:41
23.08 / 17:08
markets
ETF
CryptoQuant
trends
Trade
Cycling
Bitcoin
Experts Predict Solana Price Surge with Bull Market Only ‘Halfway’ Done
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.
23.08 / 16:26
markets
Software
Healthcare
Trade
information
reports
Courts
Cognizant sues software rival Infosys over trade secrets
TriZetto sued Indian tech company Infosys in Texas federal court on Friday, accusing Infosys of stealing trade secrets related to its healthcare insurance software. Cognizant said in the lawsuit that Infosys unlawfully extracted data from its databases and used it to build and market competing software. Spokespeople for Cognizant and Infosys did not immediately respond to requests for comment on the complaint.
23.08 / 16:11
23.08 / 14:45
Platform
security
Trade
Luna
performer
classical
Courts
Upbit Temporarily Halts NEAR Transactions Ahead of Network Upgrade
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...
23.08 / 13:50
markets
Target
ETF
Manufacturing
security
Trade
track
7 mutual funds filed draft documents with Sebi in last one week
mutual funds have filed draft documents with Sebi in the last one week to launch eight new funds. Axis Mutual Fund has filed draft for two funds, WhiteOak Capital Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, and 360 One Mutual Fund have filed for one fund each.
23.08 / 13:39
markets
UPS
CEO
WhatsApp
Trade
country
Potato, rice prices drop amid supply glut, market shifts
potato and rice have started falling. Having remained firm for the last three months, prices of potatoes have fallen by 8 per cent in the last 20 days as the cold storages in Uttar Pradesh and West Bengal are overloaded with potatoes which need to be used up before November. Bengal chief minister Mamata Banerjee in the third week of July had stopped inter-state movement of potatoes and didn't even allow truck movement carrying potatoes from Uttar Pradesh to the north-eastern states resulting in oversupply and prices falling. Prices of potatoes which stood at Rs 36 a kg 20 days ago are now commanding a price of Rs 34 a kg. Even though Mamata Banerjee on last Tuesday allowed inter-state trade of potatoes for the next seven days on the consideration that there will be no shortage of the tuber for the state and the prices will not rise, the potato trade in Uttar Pradesh said that the sudden decision to stop movement of potatoes has disrupted the supply chain.
23.08 / 13:04
markets
UPS
SUN
Trade
Updates
orienteering
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Domestic benchmark index NSE Nifty ended 11.66 points up at 24823.15, while the BSE Sensex closed 33.02 points up at 81086.21.
23.08 / 12:51
Digital
Election
community
Trade
President
Bitcoin
country
Bitcoin Becomes Hot Election Topic as Trump Comes Close to Promising a Strategic National Reserve
Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...
23.08 / 12:38
markets
UPS
SUN
Trade
Updates
Pharmaceuticals
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 11.66 points up at 24823.15, while BSE Sensex rose 33.02 points to 81086.21.
23.08 / 11:55
markets
UPS
Enterprise
Trade
Updates
orienteering
Stock market update: Nifty Realty index falls 2.43%
Shares of Sunteck Realty Ltd.(up 2.99 per cent) ended the day as top gainers in the pack.
23.08 / 11:48
markets
UPS
Ethereum
CEO
Trade
Bitcoin
blues
Cryptocurrency Prices on August 23: Bitcoin trades above $61,200 ahead of Fed Chair Jerome Powell's speech in Jackson Hole
Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium later in the day. On Thursday, three Fed officials hinted at a potential rate cut in September, expressing support for a «slow and methodical» approach to policy changes. Powell’s speech, scheduled for 7:30 PM IST, is highly anticipated by traders looking for positive signals regarding interest rate cuts.
23.08 / 11:06
markets
UPS
Trade
Updates
International
orienteering
Stock market update: Nifty Auto index advances 1.12%
Shares of Bajaj Auto Ltd.(up 4.97 per cent), TVS Motor Company Ltd.(up 2.25 per cent), Samvardhana Motherson International Ltd.(up 1.98 per cent), Tata Motors Ltd.(up 1.9 per cent) and Tata Motors Ltd.(up 1.57 per cent) ended the day as top gainers in the pack.
23.08 / 10:56
23.08 / 10:19
Blockchain
Tether
Platform
Coindesk
Trade
cover
Relationships
U.S. Authorities Recover $5M Tether in ‘Pig Butchering’ Scam
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.
23.08 / 08:34
markets
Target
Digital
security
Kraken
Trade
Courts
Aussie regulator wins case against Kraken crypto exchange operator on distribution flaws
Australia's Federal Court ruled on Friday that the operator of the Kraken crypto exchange failed to comply with the design and distribution obligations for its margin trading product, Australia's corporate regulator said. Bit Trade Pty is the operator of the Kraken crypto exchange, one of world's largest cryptocurrency exchanges, in Australia. In September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that Bit Trade, a subsidiary of U.S. Payward Incorporated, failed to make a target market determination for the product before offering it to customers, despite being notified of concerns.
23.08 / 08:31
markets
UPS
Trade
social
reports
Profiles
Drowning in debt at 32, confessions of a failed options trader
Mint. Here is SP (name withheld on request), who narrates his story offering valuable lessons for anyone considering entering the high-risk world of options trading: Over the past eight to nine years, I lost approximately ₹60 lakh in options trading, a loss so severe that I am now deeply in debt, which is almost that amount. I owe money to 11 different lenders.
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