Trade Financial News

Two Russian men have been charged with stealing almost $6 million worth of XRP from the Philippines-based crypto exchange Coins.ph.

Paytm and the now-defunct Paytm Payments Bank were conducted without approval from the company's audit committee or its shareholders. In response to the SEBI administrative warning, Paytm said that it has consistently adhered to all listing regulations and will address SEBI's concerns with a detailed response.

Sunteck Realty Ltd.(up 7.65 per cent), Brigade Enterprises Ltd.(up 4.32 per cent), Prestige Estates Projects Ltd.(up 3.98 per cent), Phoenix Mills Ltd.(up 1.72 per cent) and Godrej Properties Ltd.(up 1.66 per cent) were among the top gainers.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY Realty at (1.11%), NIFTY PSU Bank at (0.88%) & NIFTY Smallcap 250 at (0.61%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-0.38%), NIFTY Healthcare at (-0.38%), NIFTY Pharma at (-0.24%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 24615.9 (0.12%) , 29.2 points higher than the previous closing.

Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrenices gained on rising odds of former President Donald Trump getting reelected. Powell said on Monday the three U.S. inflation readings over the second quarter of this year «add somewhat to confidence» that the pace of price increases is returning to the Fed's target in a sustainable fashion.

asset managers hoping to launch exchange-traded funds tied to the spot price of ether to begin trading next Tuesday, three industry sources said. The approval hinges on applicants submitting final offering documents to regulators before the end of this week, the sources said. One said that all eight are expected to launch simultaneously.

Stocks that were in focus include names like Aurobindo Pharma, which soared 3.67%, Tanla Platforms, which gained 5.69%, and IDBI Bank, whose shares Jumped 6.79% on Monday.

A new South Korean draft law could delay the launch of crypto tax, meaning traders may avoid paying tax on their profits until 2028.

The Hong Kong Securities and Futures Commission (SFC) has identified seven unauthorized cryptocurrency exchanges and placed them on its Alert list for conducting unauthorized activities in the region without obtaining the required licenses.

Bitcoin (BTC) was back above $63,000 for the first time in two weeks on Monday, up more than 15% from the lows of last week.

JP Morgan bond index, but a senior Citi executive said that number may be topped as the US Federal Reserve is likely to start cutting rates soon, turning Indian debt into a favourite within the emerging markets (EM) pack. «The last US inflation reading was softer than what the market expected, so we actually think that the Fed might commence with the rate cut cycle from September and could maybe do three rate cuts this year itself,» Aditya Bagree, head, markets, Citi-India & Indian subcontinent, told ET. «What generally does happen with US rate cuts is that EM bond funds attract more investment. As investments increase in EM bond funds, a part of that — almost 10% — will now get allocated to India. So, this $2 billion number can increase because of that,» he said.

Adani Group expects its ports business to grow at a robust pace, with the Indian operations expected to double by volume in five years, said a senior company executive. Speaking to ET, Karan Adani, managing director of Adani Ports and SEZ (APSEZ) said the aim is to transform India's leading port operator into a global ports hub by boosting the share of international traffic. The ports business currently gets about 5% of its total volume from international operations, which it is aiming to double by 2030, said Adani. The ports business has been seeing exponential growth in the past few years, and Adani expects the trajectory to continue. «Currently, the split between our ports and logistics segment is 70:30, and we expect the same to continue because while our logistics segment is growing, so is our ports segment, and that too at a much faster pace,» he said. Revenue from the ports segment grew to Rs 20,972 crore in FY24, from Rs 17,304 crore in the previous year. On the other hand, revenue from the logistics segment grew to Rs 2,079 crore from Rs 1,744 crore in the same period.

Varun Beverages (VBL), PepsiCo's bottling franchise partner, will set up manufacturing units in Zimbabwe and Zambia with an investment of $7 million (close to ₹60 crore), the company said in a regulatory filing on Monday. VBL said two of its subsidiaries plan to enter into an agreement with PepsiCo to manufacture, distribute and sell snacks brand Simba Munchiez in Zimbabwe and Zambia. These subsidiaries are VFZ Varun Foods (Zimbabwe) (VFZ) and Varun Beverages (Zambia) (VBZ).

Stocks that traded heavily or had substantial price changes on Monday: Macy’s and Burberry fall; Trump Media and Tesla rise

An Israeli drone strike on a car near the Lebanon-Syria border HAS killed a prominent Syrian businessman who was sanctioned by the United States and had close ties to the government of Syria’s President Bashar Assad

₹295.36 trillion). Data on NSE, the world’s largest equity derivatives marketplace, shows notional turnover of equity derivatives jumped 23-fold, to ₹79,928 trillion in FY24 from ₹3,445 trillion in FY20. Around 98% of this notional turnover is accounted for by index options alone.

Goldman Sachs Group Inc.’s trading unit powered a surge in earnings in the second quarter.

PrimeXBT , a leading global cryptocurrency broker, has announced a $7 million giveaway to its existing clients as a show of appreciation and to give them a way to explore its revamped platform without the need to deposit. According to the company, the promotion will last for four weeks starting in July.

Bitcoin (BTC), the world’s most valuable cryptocurrency, began the new week with significant bullish momentum, surging past the $62,000 mark. This recent uptick in BTC’s price has reignited interest in Bitcoin price predictions.

Indian rupee weakened against the dollar as the greenback strengthened globally due to investors’ risk aversion after an assassination attempt on former US president Donand Trump and as weakness in the Chinese yuan weighed on Asian currencies, dealers said. The rupee closed at 83.59 against the US dollar on Monday, versus the previous close of 83.53, LSEG data showed. The dollar index touched a high of 104.32

inclusion in a JP Morgan bond index, but a senior Citi executive feels that number may be topped as the Fed is likely to start cutting rates soon, turning Indian debt into a favourite within the emerging markets pack. “The last US inflation reading was softer than what the market expected, so we actually think that the Fed might commence with the rate cut cycle from September and could maybe do three rate cuts this year itself,” Aditya Bagree, head, markets, Citi — India & Indian subcontinent, told ET in an interview.