Trade Financial News

Subscribe to enjoy similar stories.Most companies are built to survive a generation. A few endure longer.

Subscribe to enjoy similar stories.For almost five decades, Iran’s Islamic government has survived financial pressure from the U.S. by selling oil to China. It confronted American military might with guerrilla tactics.

Subscribe to enjoy similar stories.Reliance Industries Ltd’s recent sale of a second-level step-down subsidiary to a little-known company may test the limits of regulation on related-party transactions even while technically keeping to the rules, said legal and governance experts.On 13 April, Reliance Retail Ltd sold its subsidiary, Reliance Projects & Property Management Services Ltd (RPPMSL), to Jaipur Enclave Pvt. Ltd for ₹ ₹274 crore, according to a stock exchange filing.The sale consideration is small compared to the scale of the sold unit.

Subscribe to enjoy similar stories.The stock of HFCL has been attracting strong investor interest over the last month.This top optical fibre cable supplier’s shares have surged from ₹70.77 to ₹106, rallying almost 50% in a month. The question now is, will the rally sustain?Let's examine the factors that will determine the stock's direction.HFCL designs, integrates, and delivers end-to-end digital network solutions that enable high-speed, secure voice and data transmission for telcos, defence, and railways.It offers advanced optical fibre solutions, open-source wireless access solutions, multiband 5G radios, and state-of-the-art system integration services.HFCL designs and delivers customised products/solutions for defence services, institutions, and the projects of national security significance.Robust execution of telecom/fibre/defence orders: HFCL gets orders frequently, but investors reward companies that convert orders into revenues on time. Fast project execution, few delays, and smooth delivery build confidence and revenue visibility.Recently, the company’s subsidiary received an order of ₹1,367 crore for optic fibre cables.Margin and profit growth: It isn’t just about revenue increase.

Subscribe to enjoy similar stories.India currently levies a 5% basic customs duty on raw cotton imports. The government had temporarily waived this duty between 19 August and 30 September 2025, and later extended this exemption to 31 December 2025.Addressing the media on the supply-chain scenario amid the war in West Asia, Bipin Menon, trade advisor in the textiles ministry, said on Tuesday that discussions were ongoing with the ministry of agriculture and the department of revenue on reducing or eliminating customs duty on cotton.

Subscribe to enjoy similar stories.Maruti Suzuki India’s stock rose 5% to ₹13,512 on Wednesday as investors prioritised the company's strong operating performance in the March quarter (Q4FY26) over a 7% year-on-year drop in net profit to ₹3,591 crore.It should be noted that Maruti’s Q4FY26 profitability per vehicle held up well despite the pressure from higher raw material costs, particularly steel. Ebitda per vehicle fell just 1.4% sequentially to ₹91,050 as the average selling price (ASP) rose 4% quarter-on-quarter to ₹7.76 lakh per unit.On the other hand, Q4FY26 domestic sales volumes announced at the start of April were disappointing.

Subscribe to enjoy similar stories.China emerged largely unscathed at a time when the West Asia war battered nearly every major emerging market economy through higher energy prices and their ripple effects. The dragon retained its top rank on Mint’s Emerging Markets Tracker (EMT) for March 2026.India, by contrast, slipped three places to sixth as the conflict intensified rupee depreciation, foreign outflows and export weakness.The divergence underscores a widening gap in external-sector stability.

Subscribe to enjoy similar stories.Billionaire Anil Agarwal-led Vedanta Ltd is undergoing a major restructuring, splitting itself into five independent listed companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and parent Vedanta Ltd, which will house the zinc and silver businesses through Hindustan Zinc and act as an incubator for new opportunities.While this move is aimed at unlocking value, it creates short-term disruption in the derivatives (futures and options) market. Mint breaks down the process.All futures and options (F&O) contracts of Vedanta will expire on 29 April, irrespective of their original expiry date, Nimish Maheshwari, co-founder of Beat the Street, wrote in a note.

Subscribe to enjoy similar stories.After recovering nearly 7.5% between the March and April derivatives series amid the Iran war, options traders are baking in a near 900-point range for Nifty from Tuesday's closing of 23,995.70 over the next one week, per exchange data.Traders expect the Nifty to trade in a 23,558–24,442 range until next Tuesday, based on the volume weighted average price per share (65 shares make one contract) of the 24,000 call and put options expiring on 5 May."The price of the 24,000 straddle (call and put) indicates a rangebound market after the smart rally from the March to April derivatives expiry," said Kruti Shah, quant analyst at Equirus.Shah expects upside pressure to set in around 24,550–24,600, which coincides with the market high of 21 April — 24,601.7 — after which the index corrected 2.5% to Tuesday's close of 23,995.7.A Nifty derivatives series expires on the last Tuesday of every month. During the course of an expiry month, the NSE offers a weekly index options expiry every Tuesday.

Subscribe to enjoy similar stories.Broking firm Sahi has raised about $33 million in a funding round led by venture capital firm Accel Global, more than tripling its valuation to about $200 million, the company’s top executives told Mint.Less than a year ago, it had raised funds at a valuation of $60 million.“It has come on the back of the trajectory of the business in terms of how fast we have been able to grow, but more importantly, it's the quality of the business,” said Dale Vaz, founder and chief executive, Sahi.Accel Global led the round with a $20 million investment, with the rest coming from existing investors Elevation Capital and Accel Partners India. This takes the company’s total funding to over $43 million in under 18 months of operations.Founded in December 2024 by former Swiggy chief technology officer Dale Vaz and ex-Kotak Securities executive Manish Jain, Sahi offers a chart-first interface with features like real-time Greeks, open-interest tracking, technical indicators and one-click execution.“Since launch, we’ve been able to onboard about 400,000 demat accounts.

Subscribe to enjoy similar stories.Bill Ackman wants to capitalize on his social-media fame by opening his hedge-fund strategy to the masses. It remains to be seen how enthusiastic the masses are.The billionaire investor plans to stage a unique double listing Wednesday, taking public both a new stock-picking fund, Pershing Square USA, and his hedge-fund management company, Pershing Square.

Subscribe to enjoy similar stories.Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech secured the non-banking financial services (NBFC) licence.The investor sold around 6.08 million shares, or about 7.7% of MobiKwik’s equity, at an average price of ₹214 apiece in a transaction executed at 9:15am on 28 April, according to two people aware of the matter.Buyers included private equity firm Florintree, hedge fund Viridian Asset Management, alternative investment firm Dymon Asia Capital and equity investment management firm Karma Capital, the people said.The ₹130-crore deal delivered about 3x returns for Peak XV on its investment in the company.Peak XV’s exit marks the departure of the last major PE fund from MobiKwik’s cap table. In September 2025, Abu Dhabi Investment Authority (ADIA) sold its 2.1% stake in a block deal, after which MobiKwik shares rallied as much as 14%.Peak XV, formerly Sequoia Capital India & SEA, had been an early backer of MobiKwik and remained invested through the company’s public listing.The block sale came a day after MobiKwik announced that the Reserve Bank of India had approved its application for the NBFC licence.

Subscribe to enjoy similar stories.The India-New Zealand free trade agreement (FTA) signed on Monday is the latest in a series of bilateral pacts India has struck. Once operationalized, it will allow India zero-duty access for all goods along with easier mobility for professionals to work in New Zealand, which has also committed to invest $20 billion in India over many years.

Subscribe to enjoy similar stories.Although initial resistance levels were briefly broken on Monday, the market continues to show hesitation, preventing a clear breakout or a stronger trend. Nevertheless, the fact that bullish momentum has persisted despite periodic volatility has increased overall market confidence.Buy above ₹890, stop ₹835, target ₹990 (multiday)Buy above ₹465, stop ₹435, target ₹515 (multiday)Buy above ₹520, stop ₹490, target ₹580 (multiday)Indian equities rebounded on 27 April, snapping a three-day losing streak as easing geopolitical concerns lifted sentiment.

Subscribe to enjoy similar stories.The Bureau of Indian Standards (BIS) has notified new design requirements for offshore wind turbines, blades, and tower and foundation structures, in line with International Electrotechnical Commission (IEC) standards, according to two government officials aware of the development.The new standards aim to establish clear benchmarks for the design, testing and installation of key components of wind energy systems, particularly in offshore conditions where operational risks are higher.“These norms would ensure structural safety, improve quality control and enhance the reliability of wind installations,” said one of the two officials.“By aligning with IEC-based standards, the move ensures global compatibility and is expected to facilitate greater participation from international players, while supporting technology transfer and investment in the sector,” the official added.This comes as India pushes to scale up its offshore wind sector, which has an estimated potential of 70 gigawatts (GW), enough to power nearly 70 million households. The country aims to auction about 37GW of offshore capacity by 2029-30.Offshore wind projects cost around ₹15- ₹20 crore per megawatt (MW), significantly higher than ₹7- ₹8 crore per MW for onshore projects, due to the need for seabed infrastructure and transmission systems.

Subscribe to enjoy similar stories.Investors who timed the metal rally well seem to have made quick gains, especially in aluminium stocks. Shares of most aluminium producers are now trading just a notch below their lifetime highs, reflecting enthusiasm in the sector.National Aluminium Co is 0.6% shy of its all-time high.

Subscribe to enjoy similar stories.Geography may place India and New Zealand at distant points on the world map, but that distance has never defined their relationship. They have common democratic values, strong people-to-people ties and a deep cultural affinity, which includes their shared love for cricket. Much like their encounters on the pitch, India-New Zealand trade has traditionally resembled a Test match: steady and patient but often lacking in tempo, and has only picked up pace in recent years.

Subscribe to enjoy similar stories.KUANTAN, Malaysia—The Pentagon’s push to get its hands on the rarest of the rare-earth elements leads all the way to this small port city in Malaysia.Here, Lynas Rare Earths, an Australian company, has begun pumping out heavy rare earths, the elusive kind that China dominates.“No one had made a separated heavy rare earth outside of China in 20 years,” said Amanda Lacaze, Lynas’s chief executive. The company’s chief operating officer, Pol Le Roux, said it had actually been 30 years.When China cut off exports of heavy rare-earth elements during trade tensions last year, automobile factories in the U.S.

Subscribe to enjoy similar stories.Stock market recap: The Indian stock market selloff extended to the third straight session on Friday, 24 April, with the benchmarks — the Sensex and the Nifty 50 — crashing by over 1% each.The 30-share pack tumbled 1,000 points, or 1.29%, to end at 76,664, while the Nifty 50 plunged by 275 points, or 1.14%, to close at 23,898. The Nifty Midcap 100 index fell 0.96%, while the Smallcap 100 index dropped 0.87%.VTL (Cmp ₹590.05) POLYPLEX (Cmp ₹889.65) On 24 April 2026, Indian equity markets witnessed a sharp sell-off, with benchmarks tumbling under heavy pressure from global and domestic headwinds.

Subscribe to enjoy similar stories.The steep hike in securities transaction tax (STT) effective 1 April is beginning to eat into index futures and options volumes, analysts said. In 16 trading sessions on NSE through 24 April, the average daily turnover (ADT) of Nifty and Bank Nifty futures plunged 33% from a similar period in March to ₹24,860 crore, a development analysts attribute primarily to the tax increase.The Union budget for 2026-27 raised STT on equity futures by 150% to 0.05% on notional turnover, and on equity options by 50% to 0.15% on premium turnover.The other factor seen to have a smaller impact is the uncertainty whipped up by the West Asia war.

Subscribe to enjoy similar stories.India’s presidency of Brics arrives at a consequential moment for the global order. Traditional multilateral institutions are struggling to respond to geopolitical conflict, economic fragmentation and technological disruption.