Trade Financial News

12.07 / 21:55

markets Manufacturing CEO economy Trade country innovations In promised land India, Siemens CEO Roland Busch prepares for the long haul

Mint soon after a town hall with engineers at Siemens Ltd, the conglomerate's Indian subsidiary. On Thursday, Siemens shares touched a lifetime high of ₹7950, marking an 112.43% return on investment over the past year. India's economic growth rate of 6-7% significant and speaks for itself; however, if the share of industry in India's GDP grows from the current 17% to 25%, this would add a potential $1 trillion to the economy, he added.

12.07 / 21:52

UPS Booking Gap Food Trade reports Jubilant Food shares up 0.28% as Sensex rises

Jubilant Foodworks Ltd. gained 0.28 per cent to Rs 571.65 in Thursday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 182.67 points higher at 80169.47. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 586.35 and a 52-week low of Rs 420.85 on NSE. Around 19612 shares changed hands on the counter till 11:52AM (IST).

12.07 / 21:45

markets UPS security trends Trade reports Share price of Chola Inv Finance falls as Nifty weakens

Cholamandalam Investment & Finance Company Ltd. slipped 0.61 per cent to Rs 1394.95 in Wednesday's trade as of 10:45AM (IST). The stock hit a high price of Rs 1415.05 and low of Rs 1389.8 during the session. The return on equity (ROE) for the stock stood at 17.45 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 1.3 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 1475.95 and 52-week low prices of Rs 997.4, respectively.

12.07 / 21:43

COST Manufacturing economy Deloitte Trade 2020 International Budget 2024: Govt working on PLI scheme for making shipping-grade containers

₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

12.07 / 21:43

UPS Progressive JPMorgan Citigroup wellness Bill Trade JPMorgan Q2 profit rose 25% as bank cashed in holdings in Visa

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

12.07 / 21:43

markets UPS WhatsApp Trade show reports Ambuja Cements shares down 0.11% as Nifty gains

Ambuja Cements Ltd. traded 0.11 per cent down in Wednesday's trade at 02:00PM (IST). Around 69,001 shares changed hands on the counter. The scrip opened at Rs 698.55 and touched an intraday high and low of Rs 699.6 and Rs 687.75, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 404.0.

12.07 / 21:41

markets Blockchain security Trade crypto trader Bitcoin Japan’s Active Crypto Trading Population Expected to Hit 500,000 in 2024

Japan’s crypto use will stay among the highest in the world, with the number of people trading crypto daily rising from 350,000 to around 500,000 by the end of this year, according to a Bitget study.

12.07 / 21:36

Provident FIVE Waters Bill Trade country prevention UK water firms get smaller rate hikes than sought amid struggle to cut pollution, attract investors

British regulators have slashed proposed rate increases by water companies, crimping revenue at a time they are struggling to persuade investors to finance efforts to reduce sewage spills that have fouled waterways around the country

12.07 / 21:33

markets UPS Metro Trade performer International RVNL, REC among BSE500 stocks defying today's market downtrend

RVNL, REC and CAMS were among those that offered a glimmer of hope in an otherwise bleak trading environment. RVNL has been a standout performer for the day with gains of over 8% while trading at Rs 587 on NSE after the company announced that it has received a letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro).

12.07 / 21:30

markets CEO Election Trade performer Updates Liontrust outflows slow to £900m as CEO bets on better outlook for asset managers after election

According to a trading update published today (10 July), the asset manager's net outflows fell to £923m in the three months ended 30 June, down from £1.6bn in the same period last year. The vast majority of outflows – £772m – came from the UK retail funds and MPS channel, followed by institutional accounts and funds – £145m. The market and investment performance of £139m during the period failed to offset the outflows, and the firm's assets under management fell 2.8% to £27bn. Liontrust profits sink 23% as AUM continues to fall Following Labour's landslide win at the gene...

12.07 / 21:27

UPS FIVE WhatsApp Matrix Trade information F&O stocks: Asian Paints, Manappuram Finance among 5 stocks with long buildup

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

12.07 / 21:23

UPS economy Trade President Experts country Latin With Argentina's president skipping Mercosur, the future of the trade alliance looks doubtful

The most notable thing about the annual Mercosur summit kicking off in Paraguay is an absence — that of Argentine President Javier Milei

12.07 / 21:20

markets UPS Target Trade reports recommendations Asian Paints and Berger Paints shares surge up to 4% on price hike

Shares of Asian Paints and Berger Paints surged up to 4% in Wednesday's trade on the BSE following reports of a price hike of up to 1% by the paint manufacturing companies. According to reports, Asian Paints has increased prices of its products by 0.7-1% across its portfolio.

12.07 / 21:14

markets IPO Manufacturing Trade Diversity recommendations Profiles Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details

IPO) of Bansal Wire sailed through on the first day of the bidding process, driven by robust interest from retail and non-institutional investors. Both NII and retail categories were fully subscribed, while the QIB portion lagged with no bids. The public offer is being conducted via the book-building process, with approximately 50% of the issue reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

12.07 / 21:13

markets Sustainability Southern Trade country exclusive International Lal Sweets looks to raise $40 mn from PE investors at $175 mn valuation

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

12.07 / 21:13

COST CEO Trade AIC renews call for Labour to fix cost disclosure rules

Plans are in place to write to the new economic secretary to the Treasury «as soon as they are appointed», according to an AIC release last week (5 July). The trade body has called for the reforms since 2018, when investment trusts were brought under the current scope of regulated cost disclosure. Richard Stone, CEO of the AIC, reiterated the trade body's demands for this to be reversed to the new Labour Treasury. House of Lords condemns FCA's application of cost disclosure regime for investment trusts The issue stems from the UK's application of two pieces of European Union-der...

12.07 / 21:13

UPS Entertainment Mobile Boeing film Trade Morphic Holding, Boeing rise; Paramount, Devon Energy fall, Monday, 7/8/2024

Stocks that are trading heavily or have substantial price changes on Monday:

12.07 / 21:11

COST UPS Apple Trade Features iPhone 14 Plus gets a MASSIVE 29% discount on Flipkart: Check offer details

₹79,900, the 128GB variant of the iPhone 14 Plus is now available at a reduced price of ₹55,999, a substantial 29 percent markdown. But the savings do not end there; additional promotions can further slash the price.Customers using HSBC Credit Cards can enjoy an additional ₹4,500 off, a limited-time offer valid only from July 5 to July 6, 2024. For those with HDFC Credit or Debit Cards, there is a discount of up to ₹5,000 on EMI transactions throughout July.

12.07 / 21:07

markets economy Election Trade President performer reports Dollar on the defensive amid lower yields, yen hovers near 38-year trough

dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing a strong domestic jobs report. The euro held firm, helped by a stubbornly high local inflation reading on Tuesday. Sterling was steady ahead of Thursday's U.K. election.

12.07 / 21:05

markets UPS Strategy Trade reports "Bun fight" over top staff at defunct Hong Kong hedge fund as juniors are left behind

Hedge fund Segantii Capital Management is winding down. Bloomberg reported last month that it's already returned a third of its assets under management to investors and that it plans to return the rest by October. Staff are being let go. Some are already turning up elsewhere.

12.07 / 20:58

markets Blockchain Digital USDT trends Trade show USDT on Tron Network Beats Visa

The Tron Network just hit a huge milestone: Tether’s USDT outpaced Visa’s average daily trading volume. In one day, USDT on Tron hit a whopping $53 billion. This shows how digital currencies are becoming a big deal in global transactions.

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