Trade Financial News

filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers.

After a tumultuous week for broker-dealers facing higher yields on client cash, one securities analyst on Friday said that higher interest rates on clients’ cash held in advisory accounts may cost LPL Financial Holdings Inc. as much as $380 million, shaving off $3.80 per share on the company’s earnings in the future.

After a slight dip Thursday, bitcoin (BTC) gained roughly 4% in Friday trading and is back above $66,000.

BloFin, a leading cryptocurrency futures trading exchange, has announced an exciting promotion for new users. Running until August 1st, the promotion offers a chance to win incredible prizes, including a Rolex, AirPods, a MacBook Pro, and more.

U.S. stocks are slipping, as businesses around the world scramble to contain the effects of a disruptive technology outage

Stocks that traded heavily or had substantial price changes on Thursday: Domino’s Pizza, Beyond Meat fall; Chuy’s, Warner Bros

Allegiant Air is getting a new CEO, with longtime leader Maury Gallagher stepping down in September

Rapidly rising AUA represented an increase of 3.7% in the three months to 30 June 2024, according to HL's trading update today (19 July). Spread across the company's SIPP, ISA and active savings offerings, a net 24,000 new clients joined HL in the most recent quarter, providing £1.6bn of new business.  Fresh clientele represented a significant uptick of 85% year-on-year, with 1,882,000 clients now active on the investment platform. The recent figure represents a notable jump from the 13,000 reported for the three months to June 2023.  Hargreaves Lansdown receives second bid from PE...

DATE: 19 July, 2024

As of now, Bitcoin (BTC/USD) is trading at around $64,040, with a 24-hour trading volume of $28 billion. Despite a 1.3% decline in the last 24 hours, Bitcoin remains the top-ranked cryptocurrency on major exchanges, boasting a market capitalization of $1.3 trillion.

Crypto market maker Wintermute Trading is currently engaged in discussions to conduct a new fundraising round.

banks whether their customer-facing channels- branches, ATM, mobile banking and net banking — were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company Crowdstrike, led to a global tech outage. The banking regulator has made similar enquiries with payment aggregators, they added. The banking regulator has asked banks and payment aggregators to update them on the impact of the outage. Most banks and payment companies told ET that their services were not affected. Speaking to a wire agency, Dinesh Khara indicated that their systems were not affected. «We are all fine,” he told the wire agency.

In the wake of recently raising tens of billions of dollars of capital with nontraded real estate investment trusts and business development companies, Blackstone Inc. is preparing to roll out new funds for financial advisors to sell to clients by 2025.

UltraTech Cement on Friday reported a consolidated net profit of Rs 1,697 crore for the quarter ended June 30, 2024 (attributable to shareholders), a marginal increase of 0.50% from Rs 1,688 crore reported by the Aditya Birla Group company in the year-ago period. The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year.

Donald Trump, he has got a clear lead over his rival President Joe Biden for the November presidential elections. While Trump's re-election will be seen as favourable for India given his chemistry with Prime Minister Narendra Modi and his stance on Russia and China, there are concerns that a Trump presidency might be challenging for India on trade and tariffs.

Infosys’ financial services vertical clocked growth in Q1 after six quarters. What stands out is Infosys revising its FY25 constant currency (CC) revenue growth guidance higher to 3-4% year-on-year from 1-3% earlier. “(The) guidance implies CQGR of 0.9-1.6% in the next three quarters (organic growth of 2.2% in Q2 and flat revenues in Q3 and Q4 will take Infosys to 4% growth in FY2025E)," said Kotak Institutional Equities report.

Tube Investments of India Ltd. dropped 2.07 per cent to Rs 4002.55 at 01:19PM (IST) in Friday's trade. The counter hit a high of Rs 4149.95 and low of Rs 3983.0 so far during the session. The stock had closed at Rs 4087.5 in the previous session. The counter had a total traded volume of 01:19PM shares so far with a turnover of Rs 0.98 crore on BSE. The stock traded at a price-to-earnings multiple of 64.47 and a price-to-book ratio of 14.15.

fiscal deficit target to 5.0% for FY25 from 5.1% in the interim Budget thus reinforcing the inclination to stick to fiscal consolidation; ii) make higher transfers to states for capex spend iii) increase transfer under PM KISAN from Rs.6,000 p.a. to Rs.7,500 p.a. iv) provide incentive to income tax payers to shift to the new tax regime by providing higher standard and other deductions/higher exemption limit/changes in tax slabs. Measures to bring down the interest rates in the system could trigger higher business activity, new capex announcements, reduce the interest outgo for businesses and expand valuation of stocks. For this, sticking to the fiscal consolidation path and desisting the tendency to turn populist will be appreciated. The government is likely to avoid being populist through handouts and could stick to the path of fiscal prudence although it may make extra efforts to win over a larger population of rural and urban poor by incurring targeted social welfare spending.

Shriram Finance Ltd. traded at Rs 2819.1 on BSE at 01:08PM (IST) on Friday, down 1.66 per cent. The stock quoted a 52-week low price of Rs 1759.2 and a high of Rs 3058.95. Earlier in the day, the stock saw a gap down opening.

Indian Oil Corporation Ltd. rose 2.03 per cent to Rs 166.15 in Friday's trade. It hit an intraday high of Rs 171.0 and low of Rs 165.4, respectively, during the day. The stock quoted a 52-week high price of Rs 196.8 and low of Rs 85.51.

Ambuja Cements Ltd. fell 2.1 per cent to Rs 675.9 in Friday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 424.64 points lower at 80918.82. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0 on NSE. Around 115725 shares changed hands on the counter till 12:27PM (IST).