Trade Financial News

Logistics industry is expecting steps that will further improve ease of doing business in the country, incentives and benefits for green initiatives in the sector, among others, in the Union Budget for 2024-25, which is set to be presented by the Finance Minister Nirmala Sitharaman in the Parliament next week. «There is significant scope to improve the ease of doing business by streamlining regulations and adopting digital processes. Simplifying and ensuring consistency in GST administration, greater clarity and standardisation in interpretation of customs procedures, and TDS regulations are crucial steps in this direction,» said R S Subramanian, Senior Vice President & Managing Director, DHL Express India. «I am optimistic that the Budget will prioritise infrastructure and logistics as critical levers of growth, consistent with the interim Budget,» said Rizwan Soomar, Chief Executive Officer and Managing Director, DP World North Africa and India Subcontinent.

The NSE Nifty 50 gained 0.76% to close at 24,801, while the S&P BSE Sensex rose 0.78% to settle at 81,343.

BingX, one of the leading cryptocurrency trading platforms, is offering an extraordinary promotion for new users. Founded in 2018 and now boasting over 10 million users, the platform has gained a reputation for empowering traders across the globe. Now, they are gearing up to onboard a new wave of crypto users with an exciting promo that will run for a limited time only.

rupee weakened against the dollar on Thursday, coming very close to its record low levels due to dollar outflows from corporates and volatility in oil prices, dealers said. The rupee closed at 83.650 against the US dollar on Thursday, versus the previous close of 83.582, LSEG data showed. The all time low of 83.6650 was on June 20

EMBRUN, France—By now, Tadej Pogacar has memorized every twist and turn of the Col d’Eze, the winding road that rises from behind the port of Nice to the hills above Monaco. It’s where he goes on coffee rides, where he flies past unsuspecting amateurs, and where he trains to win the Tour de France. The two-time champion is such a fixture on the Col d’Eze that cyclists in the cafés below trade Pogacar sightings like celebrity-spotters in the bars of swanky hotels.

Goldman Sachs is turning to Main Street investors to boost its fee revenue. The bank plans to offer some of the sophisticated investment strategies that it has long reserved for its deep-pocketed clients to customers of robo-adviser Betterment. Goldman is structuring portfolios for everyday investors that are meant to help them save money on their taxes, in part by moving their cash from ultrasafe bank accounts to fixed-income exchange-traded funds that involve more risk.

Indian Prime Minister Narendra Modi’s high-profile visit to Moscow last week set off a firestorm of criticism in the West. But if you look beyond the hyperbole used to describe India-Russia relations, it becomes obvious that there’s less to the connection than meets the eye. As a weakened Russia grows more dependent on China, India has no choice but to draw closer to the U.S.

tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that the import restrictions on 'New Pneumatic Tyres' were relaxed for certain global players that were interested in importing specific tyres from their factories abroad into India. The imports were temporarily permitted by the department for promotion of industry and internal trade (DPIIT) subject to the concerned company's commitment to invest and set up or expand its manufacturing facilities in the country for the concerned products, in a time-bound manner. «This initiative has witnessed investment commitments worth more than Rs 1,100 crore from leading global players like Bridgestone, Michelin and Goodyear for the development/expansion of their tyre manufacturing capacity in India,» the official said.

Major crypto exchange OKX has selected Malta as its hub for Markets in Crypto-Assets (MiCA) compliance within the European Union.

Premarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China

revival of rural spending has turned out to be a bright spot in the evolution of demand conditions, the Reserve Bank said in its Bulletin on Thursday. Global economic activity appears to be strengthening across advanced economies (AEs) and emerging market economies (EMEs) and global trade in goods and services is gathering momentum, said an article on 'State of Economy' published in the RBI's Bulletin. It further said monetary policy divergence is setting the tone for global economic developments. «In India, the second quarter of 2024-25 has begun with signs of quickening momentum in the economy,» said the article.

Nifty ended Thursday's trading session 188 points higher, just above the 24,800 level, to form a long bull candle on the daily chart on Thursday expiry where 10-day EMA continued to offer support during consolidations. Nifty is now advancing towards a key overhead resistance of 24,960 (1.786% Fibonacci extension, taken from the bottom of March 23, top of Sept 23 and bottom of Oct 23). Hence, one may expect volatility/consolidations around 24,950-25,000 levels in the short term, said Nagaraj Shetti of HDFC Securities.

Japan has reported it logged a trade surplus in June, the first in three months, highlighting a recovery in exports

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to halt its early-day losses and surged above the $65,000 mark, reaching an intraday high of $65,360.

Jason Starr felt the first flashbacks of pandemic PTSD back in mid-April.

Buoyancy in the equity market is being driven by mega cap stocks, but investors are nervous about that dynamic despite bullish sentiment overall.

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In a stock exchange notice today (18 July), the £211m trust said it would be issuing 6.54 million shares — representing 5.3% of issued share capital — at 174p each, a 1% premium to the net asset value published on 16 July, with new shares set to start trading on 22 July. Odyssean IT proposes placing and retail fundraise amid investor interest The proposal for a placing and retail fundraise were first unveiled last week following buying interest from an investor and wider market demand. Odyssean is one of the few vehicles in the sector currently trading at a premium, which Numis ana...

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Shares of Macrotech Developers Ltd.(up 1.15 per cent), Mahindra Lifespace Developers Ltd.(up 0.64 per cent), Phoenix Mills Ltd.(up 0.46 per cent) and DLF Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.