Trade Financial News

In its half-year report for the six months to 31 March 2024 published today (28 June), the company said the name change follows a simplification in business interests over the past 18 months, which has led to AssetCo now trading wholly owned equities under the name River Global, along with its stake in the Parmenion platform. Because the two sides of the business appeal to different types of investors, AssetCo said it will publish proposals for a share split in due course. The newly issued shares are expected to be traded on a matched bargain basis and not on AIM, AssetCo chair Martin Gi...

Two days after Christmas, a prominent Wall Street regulator updated a database with news of interest to the industry: A $1.4 trillion brokerage had been slapped with one of the year’s biggest fines for allegedly losing track of almost a million trades.

shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka. The company on Thursday projected a mid-single-digit percentage fall in fiscal 2025 revenue, compared to analysts' estimates of a near 1% rise, dragging shares of rivals and sportswear retailers across Europe, UK and U.S. on Friday.

India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday. In a major reform of the international tax system, India and the US have joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the UK) in reaching an agreement on October 8, 2021, on the statement on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. On October 21, 2021, the US and Austria, France, Italy, Spain, and the UK reached a political compromise on the transitional approach to the unilateral measures in force while Pillar 1 is implemented. On November 24, 2021, India and the US agreed that the same terms that apply under the October 2021 Joint Statement shall apply between India and the US with respect to India's charge of 2 per cent equalisation levy on e-commerce supply of services and the US' trade action regarding the said Equalisation Levy.

Nostradamus correctly predicted World War 1 and World War 2 almost 450-500 years before these were fought. At a time when the world is witnessing increased tension with no sign of it abetting, the natural question is, did he say anything about World War 3? If yes, what did he say exactly? Born in December 1503, the French philosopher, poet, physician and astrologer is best known for his book 'Les Propheties', a collection of 942 quatrains. These quatrains are believed to be prophesies in coded messages, open to interpretation in many ways.

Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected. President Joe Biden and former President Donald Trump clashed Thursday evening on topics including abortion, immigration and the Jan. 6, 2021 attack on the U.S. Capitol.

Shares of Trump Media, the owner of social networking site Truth Social, are sharply higher at the opening bell after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he i...

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

Bitcoin (BTC) recently halted its losing streak and gained mild bullish traction around $61,500, reaching an intraday high of $62,150, suggesting chances of a bullish Bitcoin price prediction.

Two sources close to the story told Forbes this move is part of a pivot towards investing in AI and defence technology startups. Earlier this year, the company were part of a seed funding round for AI risk management platform ValidMind.

Stocks that traded heavily or had substantial price changes on Thursday: Walgreens, International Paper fall; McCormick, Apogee rise

Wall Street pointed toward a modestly higher open as markets looked ahead to a key report on inflation that could influence the Federal Reserve’s next move on interest rates

Zomato now have strong prospects of joining the blue-chip Nifty50 index, according to a report by Nuvama Alternative & Quantitative Research Analysis.Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research Analysis, stated in a recent note that if Jio Financial and Zomato enter the derivatives segment before mid-August, they are highly likely to join the Nifty 50 in the September review, along withTrent.According to Pagaria, if included in the Nifty 50, Jio Financial could attract $466 million in passive fund buying, Zomato $491 million, and Trent $463 million.The Securities and Exchange Board of India (SEBI) has implemented significant changes in equity derivatives regulations, affecting stock selection for futures & options (F&O).Key changes include raising the average daily delivery value requirement for a stock to qualify for the F&O segment to ₹35 crore (up from ₹10 crore) in the cash market over the past six months, and increasing the market-wide position limit to at least ₹1500 crore (up from ₹500 crore).SEBI has introduced a product success framework to curb market manipulation through illiquid securities. If trading volumes remain low over six months, the derivatives will be discontinued.

Multibagger returns: The Indian stock market has witnessed a stellar return in the last one year, with frontline indices soaring as much as 40%. Benchmark indices Sensex and Nifty have risen by 25% and 28%, respectively during this period. Broader indices have seen even broader rally. BSE200 and BSE500 have jumped up to 39% over the last one year. Other broader indices like Nifty100 and Nifty500 surged up to 34% and 40%, respectively during this period.

Shriram Asset Management Company (Shriram AMC) announced the launch of its growth liquid fund – Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund, tracking the Nifty 1D Rate Index.

Top Gainers: Reliance Industries (up 2.31%), Tata Motors (up 1.86%), Asian Paints (up 1.31%), Nestle India (up 0.98%), Wipro (up 0.82%)Top Losers: Indusind Bank (down 2.61%), Axis Bank (down 2.05%), Bharti Airtel (down 1.80%), ICICI Bank (down 1.60%), Kotak Mahindra Bank (down 1.41%)Top Gainers: Dr Reddys Laboratories (up 2.67%), Oil & Natural Gas Corporation (up 2.50%), Reliance Industries (up 2.28%), SBI Life Insurance Company (up 1.95%), Tata Motors (up 1.82%)Top Losers: Indusind Bank (down 2.55%), Bharti Airtel (down 2.15%), Axis Bank (down 1.84%), ICICI Bank (down 1.66%), Kotak Mahindra Bank (down 1.53%)Top Gainers: Persistent Systems, Steel Authority Of India, MRF, Petronet LNG, Godrej PropertiesTop Losers: Polycab India, Vodafone Idea, Cummins India, GMR Airports Infrastructure, Page IndustriesTop Gainers: CEAT, IIFL Finance, Praj Industries, Mahanagar Gas, Gujarat Narmada Valley Fertilisers & ChemicalsTop Losers: Crompton Greaves Consumer Electricals, PVR Inox, Nippon Life, BLS International Services, CIE Automotive IndiaTop Gainers: CEAT (up 8.76%), Bombay Burmah Trading Corporation (up 7.78%), IIFL Finance (up 7.69%), Praj Industries (up 7.32%), Mahanagar Gas (up 7.02%)Top Losers: Clara Industries (down 6.12%), Samvardhana Motherson International (down 4.11%), Godfrey Phillips India (down 3.95%), Polycab India (down 3.63%), Avenue Supermarts (down 3.55%)Top Gainers: CEAT (up 8.57%), IIFL Finance (up 7.87%), Bombay Burmah Trading Corporation (up 7.40%), Praj Industries (up 7.35%), Mahanagar Gas (up 6.22%)Top Losers: Samvardhana Motherson International (down 4.15%), Godfrey Phillips India (down 4.11%), Avenue Supermarts (down 3.74%), Polycab India (down 3.57%), Vodafone Idea (down 3.40%):Milestone Alert! Livemint

Reliance Industries and Bharti Airtel hit their fresh all-time highs in intraday trade on Friday, 28 June, indicating investors' positive reaction to the tariff hike reports.Industry experts anticipated tariff hikes following the Lok Sabha elections due to declining revenue and margins in the sector. Companies require capital to invest in spectrum and cutting-edge technologies.Experts believe the tariff hikes are a positive step and will augur well for stock prices.

Eicher Motors, Tata Motors, Mahindra & Mahindra, Ashok Leyland are Ambits picks in Automobiles sector. Ambit has initiated coverage on the nine OEMs (Original Equipment Manufacturers) which also include Bajaj Auto, Escorts Kubota, Hero MotoCorp, Maruti Suzuki India, in addition to Eicher Motors, Tata Motors, Mahindra & Mahindra, Ashok Leyland.

Tube Investments of India Ltd. gained 0.47 per cent to Rs 4230.35 in Friday's trade as of 01:44PM (IST). It hit a high of Rs 4255.0 and low of Rs 4171.25 during the session. The stock quoted a 52-week high price of Rs 4397.1 and a low of Rs 2729.1. The return on equity for the stock stood at 23.54 per cent. About 2,937 shares have changed hands on the counter so far.

SRF Ltd. slipped 0.87 per cent to Rs 2436.15 in Friday's trade as of 01:39PM (IST). The stock hit a high price of Rs 2469.8 and low of Rs 2411.15 during the session.