Trade Financial News

If you think airports are crowded this summer, it's not your imagination

Stocks that traded heavily or had substantial price changes on Monday: RXO, Alnylam Pharmaceuticals rise; ResMed, Sonoco Products fall

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets

Dividend stocks: Shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd will be in focus when the stock market opens on June 25, Tuesday.The Board of Directors of the six companies had declared final dividends for their eligible shareholders.These companies fixed June 25 as the record date to ascertain shareholders' eligibility for their respective issues. Shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd will trade ex-dividend on Tuesday, June 25.Voltas: The company declared a dividend of ₹5.50 per equity share for FY2024.In a stock exchange filing, Voltas said: “The Directors have recommended Dividend of Rs.5.S0 per share on face value of Re.1 per share (550%) for the year 2023-24 which shall be paid/despatched on or after fifth day from conclusion of ensuing 70th Annual General Meeting, subject to approval of shareholders of the Company." Tata Elxsi: The company declared a final dividend of ₹70.00 per equity share for the financial year 2024.In a stock exchange filing, Tata Elxsi said: “the Board of Directors has recommended a dividend of 700% at Rs.

F&O ban list: The National Stock Exchange (NSE) has banned trading ineight stocks on Tuesday, June25, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market.The NSE updates the list of securities in the F&O ban for trade every day.F&O ban list todayBalrampur Chini Mills,Chambal Fertilisers and Chemicals,GNFC,Granules India, Indus Towers, Piramal Enterprises, PNB, and SAIL are the8stocks on the NSE's F&O ban list for June25.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been placed in the stock exchange's ban period.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.On June 24, equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets.The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08.

Mint looks at how trade between the two Asian giants has evolved and why it is proving to be so difficult for India to decouple itself from its neighbour. In FY24, bilateral trade grew 4% to $118.4 billion from $113.8 billion in FY23. India-US trade in the same period declined by 8.6% to $118.3 billion.

Jaime Villa, the former head of macro research at hedge fund Schonfeld, has resurfaced and not at a hedge fund.

As we reported several times a few months ago, Deutsche Bank's London rates trading team appears to have sprung a leak. Varioussenior people have left, including Hemish Shah and Kilian Frensch, both of whom have found a new home in Nomura. 

Netflix is all set to stream Pablo Escobar documentary in July this year. Titled as 500 Days of Escobar (Los 500 días de Escobar) will drop on OTT streaming giant on July 19. The film witnessed release in Colombia later part of the last year, as per a report on WhatsOnNetflix. The documentary delves into the life of Colombian drug lord, and the famous 500-day plot to hunt him down in 1990s. The film has testimony of Alonso Salazar, María Emma Mejía Vélez, Javier Peña, Óscar Naranjo, Gustavo Salazar Pineda, and Nicolas Escobar Urquijo.

According to its original prospectus, the company intends to raise capital to develop a series of tourist attractions in the Kingsway Exchange Tunnels, which were used during the Second World War. The listing and start of trading are expected to take place on 27 June, it said, with a market capitalisation of around £130m.  The London Tunnels aims to raise up to £30m via the issue of new ordinary shares to institutional investors in various jurisdictions for up to 90 days. The London Tunnels set to become UK's first IPO of 2024 So far, it said it has received «irrevocable commitm...

Bitcoin (BTC) started the new week on a bearish note, dropping significantly overnight from $64,380 to $62,650. BTC has lost over 6% in the past week and is currently trading around $61,090.

Quant Mutual Fund Sebi news: India's fastest-growing mutual fund is currently under investigation by the Securities and Exchange Board of India (Sebi) for suspected front-running, an illegal practice wherein fund managers place their own orders before executing large trades to profit from the anticipated price movement. 

The global crypto market cap is currently at $2.36 trillion, with a total volume of $95 billion traded during the last 24 hours, as per CoinMarketCap report. The surge in cryptocurrency market growth is attributed to recent approvals of Bitcoin ETFs in various countries, as well as Ethereum ETFs approved by the US SEC.

Failed bitcoin exchange Mt. Gox will finally begin returning bitcoin (BTCUSD) to customers in July 2024, almost a decade after a massive hack forced it into bankruptcy.

Domestic benchmark index NSE Nifty ended 36.75 points up at 23537.85, while the BSE Sensex closed 131.18 points up at 77341.08.

ETFs now constitute close to 13% of the total Mutual Fund Industry AUM indicating the remarkable adoption of ETFs by retail investors in India, according to a study by Zerodha Fund House. The study reveals that the substantial share of Rs 6.95 lakh crore out of the total Rs 53.40 lakh crore signifies a shift towards more investors choosing ETFs as a preferred mode of investment.

tax rebate for salaried class and restoration of the old pension scheme are some of the key demands made by trade union leaders during a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday. The unions also asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme and restore the old pension scheme (OPS). «The ceiling limit for the income tax rebate for the salaried class on their salary and gratuity must be substantially raised. Government-sponsored social security fund for the unorganised workers and agricultural workers has to be set up to provide them with defined universal social security schemes including minimum pension of Rs 9,000 per month and other medical, educational benefits,» the CTUs said in their memorandum.

Benchmark NSE Nifty closed 36.75 points up at 23537.85 amid buying in frontline bluechip counters.

trade deficit, the Reserve Bank of India said on Monday. Foreign portfolio investment saw a net inflow of $44.1 billion in FY24 after recording an outflow of $5.2 billion in FY23. Meanwhile, net FDI inflow reduced to $9.8 billion in FY24, down from $28 billion seen in FY23. India's foreign exchange reserves saw an accretion of $63.7 billion in FY24 on a Balance of Payment basis, the RBI said in its statement.

India Bullion Jewellers Association (IBJA) has Aksha Mohit Kamboj as its Vice President, effective from June 22. Kamboj brings with her years of experience and expertise in the field of bullion and jewellery, and her appointment is poised to further strengthen IBJA’s leadership in the industry. Aksha Mohit Kamboj is the Executive Chairman of Aspect Global Ventures Pvt Ltd and is also the co-owner of Cricket ISPL team Tiigers of Kolkata. She is the first and the only woman appointed to such a prestigious post in the gold and jewellery sector. Commenting on her appointment, Kamboj said «I am looking forward to working closely with the leadership team and our esteemed members to uphold the highest standards of integrity and excellence in our industry»