Trade Financial News

The Federal Trade Commission says that CarShield will pay $10 million to settle charges that its advertisements and telemarketing for vehicle service contracts are deceptive and misleading

Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading

Bitcoin (BTCUSD) and ether (ETHUSD) traded flat Wednesday, with bitcoin steady around $66,000 and ether trading a a bit under $3,300.

derivatives should achieve their desired objective. The regulatory intent is to sustain adequate depth in the F&O segment to facilitate hedging. Trading volumes in F&O will, thus, have to decline significantly, but not to a point that affects price discovery. As follow-up measures, Sebi will have to ensure the purged retail speculation does not resurface in other market segments, such as smallcaps. The trading ecosystem will, on its part, have to recover from the revenue setback, and its business models in the new regulatory scenario should come under tighter scrutiny. Brokers are most vulnerable to the systemic interface with the retail investor. Finally, vigilance is necessary that buckaroo retail investing does not migrate to shadow trading platforms such as dabba trading that operate beyond the regulatory gaze.

India All Party Parliamentary Group (APPG) has been launched for the newly elected UK Parliament with a remit to promote the bilateral relationship across all sectors, from trade and investment, science and technology to healthcare and education. The India APPG was formally launched earlier this week and celebrated during an «Indian Summer» event marking the ongoing South Asian Heritage Month at the Commonwealth Parliamentary Association (CPA) Room in the Houses of Parliament complex, where several newly elected British Indian members of Parliament backed the initiative.

Mankind Pharma on Wednesday reported a 10% year-on-year (YoY) jump in net profit to Rs 543 crore in Q1FY25 led by strong domestic formulation sales. The drug maker reported net profit of Rs 494 crore in the corresponding period of previous year.

Deloitte, one of the top four professional services firms, has leased 175,000 sq ft of office space at the upcoming Prestige Trade Tower near the Delhi airport, said two people aware of the development

A high-stakes race is taking shape between major money managers including BlackRock Inc. and Invesco Ltd. to combine Wall Street’s most trendy investment vehicle with its fastest-growing asset class.

Bitcoin (BTC) remains under pressure around the $66,396 level, with recent trading hitting an intra-day low of $65,400.

Nuvoco Vistas Corp, a leading producer of cement in east India, saw its consolidated net profit slump by more than 80% on year to 2.84 crore rupees in the June quarter, weighed down by lower volumes and weaker prices during the quarter. The fifth largest cement group in the country sold 4.8 million tonne of cement during the quarter, down from 5 million tonne in the comparable period a year ago. Its consolidated revenue from operations for the period was Rs 2,636 crores, down more than 6% from the previous year.

GTRI) Wednesday suggested India to use a twin strategy of a calibrated retaliation mechanism (CRM) to retaliate in equal measure and renaming some ongoing schemes as carbon taxes to deal with the EU’s climate taxes. It said that the EU’s suggestion that India could avoid its carbon tax by imposing a similar levy locally, will not help the domestic players much, as they would still be liable for the duty for their exports to the bloc.

Mint caught up with the 40-something culinary expert in a busy market in the city’s Mahadevapura locality, she was about to enter a shop selling poultry and mutton. Asked why she was buying meat in person when she could do it from the comfort of her home, Geetha shot back, “Why would I go online when I can get fresh meat from the shop near my house?" At a time when they have grown accustomed to placing orders online and getting all their needs delivered to the doorstep, the vast majority of India’s carnivores steadfastly continue to buy their meat and seafood at neighbourhood outlets.

Economist Nouriel Roubini, who earned the “Dr. Doom” moniker for his warnings of disaster ahead of the 2008 financial crisis, is looking to become the latest high-profile Wall Street veteran to make their mark in the $9.4 trillion ETF universe.

Starbucks Corp. delivered results that were in line with expectations, assuaging investors who had been bracing for another meltdown after being blindsided by the previous quarter’s slump. 

₹4,970 crore, albeit on a high base. For FY25, the order inflow guidance stands at ₹25,000 crore. Some of the orders expected to come in FY25 include ADFCR Atulya, an electronic warfare suite for Mi-17 V-5 helicopters, a security and surveillance system for the Army and mountain radars, among others.

Margex, a leading cryptocurrency and perpetual futures exchange, has launched an exciting new promotion. By using the promo code CRYPTONEWS, our readers can receive a 20% deposit bonus on any deposits over $100.

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike

NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn't touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and long-term capital gains made from equity mutual funds or stocks (infrequent trades treated as capital assets). While the tax on short-term capital gains (STCG) was increased to 20% from 15%, the same on long-term capital gains (LTCG) was hiked to 12.5% from 10%.

trading, the risk of price manipulation and sudden price swings becomes more pronounced.Amid holiday cheer, it is easy to overlook the inherent risks associated with trading in volatile markets. However, prudent risk management is crucial to preserving capital and achieving long-term financial success.In today's digital age, technology has revolutionised the way we trade and invest in financial markets. During the holiday season, when traditional trading desks may be closed or operating on reduced hours, technology can provide a lifeline for market participants.As we navigate the holiday season in the Indian securities market, it is essential to approach trading and investing with caution, diligence, and foresight.

₹80 crore-100 crore per film. Recent Tamil films like Indian 2 and Captain Miller earned ₹90 crore and ₹104 crore domestically. High ticket prices, a dearth of mass-market cinema, and a plethora of free home entertainment options are driving Indians away from theatres, according to experts.

MUMBAI : Portfolio Management Services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased capital gains tax rates. The budget raised the short-term capital gains (STCG) tax rate to 20% from 15%, impacting PMS investors who face higher taxes if a stock is sold within 12 months of purchase. This tax hike will significantly affect PMS strategies with high churn rates, where frequent trading doesn't yield post-tax returns that justify the increased activity.