Trade Financial News

Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.

A cryptocurrency wallet linked to former President Donald Trump, a leading Republican presidential candidate, reportedly holds assets worth approximately $10 million.

High Court has restrained Dubond Products India from manufacturing, distributing or selling its waterproofing product that allegedly has identical trade mark/dressing of Dr Fixit until further order. Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW. Passing off in intellectual property rights (IPR) law means making a false representation that is likely to induce a person to believe that the goods or services are those of another. «The balance of convenience is overwhelmingly in favour of the plaintiff (Pidilite). Further, irreparable harm and loss will be caused to the plaintiff due to the defendant's continued use of the marks which are wrongful activities,» observed Justice RI Chagla in its order of May 21. «The defendant has various other products apart from the impugned product and therefore the defendant's business will not be affected upon the grant of injunction,» he said further in a 81-page order.

RIA Novosti.The development came three years after the Taliban returned to power in war-torn Afghanistan.ALSO READ: Afghanistan floods: Fifty people lost their lives due to heavy rainsSince 2003, the Taliban group has been designated as a terrorist outfit in Russia.“Kazakhstan has recently taken the decision, which we are also going to take, to remove them from the list of terrorist organisations," RIA Novosti quoted Russian Foreign Minister Sergei Lavrov as saying on Monday.At the end of 2023, Kazakhstan had removed the Taliban from its list of banned organisations.Despite international sanctions on the Taliban, Russia has fostered its ties with the government run by the banned outfit in Afghanistan.Moscow had also held multiple rounds of talks and boosted trade with Kabul.But, Russia has not recognised Afghanistan’s Taliban government officially yet.The state news agency TASS, citing Zamir Kabulov - director of the Second Asia Department at the Russian foreign ministry, reported that Russia’s foreign and justice ministries have reported to President Putin on the issue of removing the ban on the Taliban.ALSO READ: The Taliban warn journalists and experts against cooperating with Afghanistan International TVThe latest move by Russia could further boost diplomacy between Moscow and Kabul.According to RIA Novosti, Lavrov said Russia's decision was about recognising the realities on the ground.“They are the real power. We are not indifferent to Afghanistan.

A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.

Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract was up 76 cents at $82.88 a barrel by 1411 GMT. The more active August contract rose 80 cents to $82.64. U.S. West Texas Intermediate (WTI) crude futures were up 78 cents at $78.50.

dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-yield currencies and supporting the dollar, while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals.

Nifty 50 tops 23k mark; can Indian stock market sustain gains? Experts weigh inMany experts believe the Nifty 50 is currently overvalued, and a negative surprise in the Lok Sabha election results could trigger a significant market correction. However, if the election outcome aligns with expectations and India's economic growth maintains its momentum, the Nifty 50 may sustain its current valuation.Mint spoke to several experts to take their views on the current valuation of the Indian stock market.

With each passing week, the bear case for Wall Street proves too tempting to pass up for a handful of gutsy traders.

Congress president Mallikarjun Kharge on Monday hit out at the Modi government on the state of the economy, exports and the rising trade deficit besides the 'Make in India' programme and accused him of practising «fake» nationalism by making China its biggest trade partner. "Narendra Modi ji speaks about Mangalsutra, Mutton, Machhali, Mughal and Mujra, but does not talk about 'Make in India'? Why Modi ji does not utter a single word on the economy in his numerous election speeches? The answer lies in his Government's abject failure," Kharge said in a post on X. «The 'Make in India' programme has flopped, the PLI Scheme floundered and exports are in a free fall,» he alleged. Drawing a parallel between the Congress-led UPA and 10 years of the BJP-led NDA government, he said the manufacturing growth (at constant 2015 USD) during the Congress-UPA rule from 2004 to 2014 was 7.85 per cent while that during the Modi's NDA rule from 2014 to 2022 was 6.0 per cent.

online trading scam that started on the instant messaging platform WhatsApp. The victims were lured to significant profits via online trading. One of the victims is a resident of Charholi Budruk and according to the FIR filed by him, the cybercriminals added the complainant to a WhatsApp group and told him that he could earn huge profits through online share trading. Later, they added his brother to the same WhatsApp group, a Times of India (ToI) report said.

₹7.48 in May 2020 to currently trade at ₹1,835.In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.

Shares of Glenmark Pharmaceuticals Ltd.(up 8.06 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 6.87 per cent), Divi's Laboratories Ltd.(up 3.23 per cent), Mankind Pharma Ltd.(up 2.5 per cent) and Granules India Ltd.(up 2.33 per cent) ended the day as top gainers in the pack.

On the BSE, Exhicon Events Media(down 19.99 per cent), Adeshwar Meditex(down 13.41 per cent), Shelter Pharma(down 12.81 per cent), Aditya Vision(down 10.56 per cent) and Shilp Gravures(down 10.54 per cent) stood among the top losers in today's trade.

Domestic benchmark index NSE Nifty ended 24.65 points down at 22932.45, while the BSE Sensex closed 19.89 points down at 75390.5.

Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor in Nazara Technologies since 2020.“The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth.

NEW DELHI:New Delhi: A high-ranking British delegation has cancelled its visit to New Delhi ahead of general elections in the UK, two persons aware of the development said, throwing talks on a planned free trade agreement into uncertainty.British prime minister Rishi Sunak has called elections on 4 July.Also read | The team was scheduled to arrive on Tuesday (28 May) to finalize terms on contentious issues such as work visas for Indians, duty relaxations, and imports of British-made electric vehicle, they said.New Delhi had been hopeful of progress on the trade agreement with the UK, frequently sending out teams of Indian officials to London for talks.The most recent was in the second week of May, during which the Indian deputy chief negotiator returned with reports of significant advances on mobility—an Indian demand—and electric vehicles.“The British officials have cancelled their visit without providing a 'specific reason. It is assumed that the announcement of elections may have led to the cancellation of their trip," one of those cited above said.“The deal was progressing very positively.

₹2,381 apiece to the current trading price of ₹4,271, translating into a gain of 79.37%. In the previous trading session, the stock crossed the ₹4,500 mark for the first time to hit a new record high of ₹4,529 apiece.

Dogecoin (DOGE) is trading at $0.16659, reflecting a 0.50% increase, which may indicate a bullish Dogecoin price prediction.

Bombay High Court has recently restrained Dubond Products India Pvt Ltd from manufacturing, distributing or selling its waterproofing product that has allegedly identical trade mark/dressing of Dr Fixit until further order. Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW. Passing-off in intellectual property rights (IPR) law means making a false representation that is likely to induce a person to believe that the goods or services are those of another.