Trade Financial News

₹30,000-31,000 crore in fiscal 2025," the first person said. APSEZ’s consolidated revenue in FY24 grew 28% year-on-year to ₹26,711 crore, and net profit jumped 50% to ₹8,104 crore. Both are record highs.

Just as the Securities and Exchange Commission is sharpening its focus on cybersecurity breaches at broker dealers and registered investment advisors, Interactive Brokers is reporting private client information has been targeted.

Hong Kong police arrested on Tuesday three individuals linked  to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) through fake virtual investment talk tickets.

trade agreement is hopefully not far on the horizon as it will offer immense opportunity to be leveraged within the bilateral partnership, said the new chair of a trade council that has played a key role in shaping the ongoing negotiations. UK-based tech professional Priya Guha, who invests in women-led innovation as Venture Partner of Merian Ventures, took over as chair of the Federation of Indian Chambers of Commerce and Industry (FICCI) UK Council from Baroness Usha Prashar at a hand-over ceremony at the High Commission of India in London on Monday evening. The India-UK Free Trade Agreement (FTA) negotiations opened in January 2022 and are aimed at significantly enhancing bilateral trade — currently worth around GBP 38.1 billion a year. The negotiations are now in their fourteenth round of talks, and likely to pick up pace following the Indian general election.

The SHIB price has raised 7.55% in the past 24 hours, increasing to $0.000026. This comes as the crypto market as a whole has experienced a surge.

BSE Sensex declined nearly 53 points in a volatile trade on Tuesday amid weak trends from Asian and European markets and fresh foreign fund outflows. The 30-share Sensex declined 0.07% to settle at 73,953.31 as 18 of its constituents declined while 12 ended with gains. The index gyrated around 426 between a high of 74,189.19 and a low of 73,762.37 in day trade. The broader Nifty of NSE, however, closed higher by 27.05 points or 0.12% to 22,529.05, driven by gains in metal shares. As many as 27 Nifty shares declined while 23 closed with gains.

government has issued mandatory quality norms for asbestos or fibre cement-based products to curb the import of sub-standard goods and boost domestic manufacturing. A notification 'Asbestos or Fibre Cement based Products (Quality Control) Order, 2024 ' was issued in this regard by the Department for Promotion of Industry and Internal Trade (DPIIT) on March 6 this year. Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. «It shall come into force on the expiry of six months from the date of publication of this notification in the Official Gazette,» the DPIIT notification said.

Gold's future hinges on Fed rate cuts and dollar weakening, says Emkay report “Gold prices have reacted positively in recent days due to expectations of sooner interest rate cuts, following a drop in US inflation data after a long period of sideways to higher rates. This shift has led to speculation that the Federal Reserve might cut rates starting in September. Additionally, Iran's President's helicopter crash prompted a strong push in gold prices on Monday due to fears of renewed tensions between Iran and Israel.

Bitcoin price predictions are gaining significant attention as the cryptocurrency’s value approaches its all-time high. Recent surges have propelled Bitcoin to $71,000, fueled by strong inflows into Bitcoin spot ETFs and renewed interest from institutional investors like Morgan Stanley and JPMorgan.

As the popularity of cryptocurrencies continues to grow, investors are on the lookout for the most accommodating environments to maximize their returns.

Retik Finance (RETIK) is making headlines in the cryptocurrency world as a top decentralized finance (DeFi) project poised for a groundbreaking launch. Set to debut on Uniswap, the premier decentralized exchange, and multiple centralized exchanges (CEXs), Retik Finance (RETIK) is positioned to significantly impact the DeFi landscape. This innovative project promises to redefine financial services by leveraging blockchain technology to offer decentralized, transparent, and accessible financial solutions. As it gears up for its highly anticipated launch, Retik Finance (RETIK) is attracting considerable attention from investors and the broader crypto community, marking it as a project to watch in the evolving DeFi sector.

commodity prices, the 15 constituent Nifty Metal index crossed the 10,000 mark for the first time ever in Tuesday’s session, before closing nearly 4% higher at 9,981. The Nifty Metal index has been on a rising spree, making new highs since the second half of 2023. The index also made new all-time highs in 5 consecutive trading sessions.

Also Read: SEBI may allow mutual funds to invest in overseas funds with exposure to Indian markets ‘’The unaffected price shall be considered for transactions on which pricing norms specified by SEBI or the stock exchanges are applicable, provided that the rumor pertaining to such transaction has been confirmed within 24 hours from the trigger of material price movement,'' said the market regulator. The unaffected price will be considered by excluding the effect on the price of the equity shares of the listed entity due to the material price movement and confirmation of the rumor.

As the deadline for filing income tax returns approaches, cryptocurrency investors in India are preparing to navigate the complexities of crypto taxation. While the concept of taxing crypto assets is relatively new and can pose challenges for investors, the evolving landscape of innovation and technology has introduced simplified solutions for crypto tax filing provided by compliant exchanges in India. These exchanges have taken proactive measures to ensure tax compliance for their users, forming partnerships with leading tax solution providers to automate the calculation of crypto tax obligations tailored to Indian investors’ needs.

When it comes to investment purposes, three asset classes – gold, real estate and equity – score over other options. These three investment avenues too have their pros and cons, like other options. Gold for decades has been a preferred choice for Indian households due to traits like safe-haven appeal, liquidity advantage and cultural significance. Real estate is another popular investment avenue for people, thanks to low volatility and high returns in the medium- to long-term. On the other hand, equity gives a feeling of ownership to an investor after purchasing the stock of a particular company.

PeepalCo’s latest offering Lemonn has launched Mutual Fund investment service on the app to help new investors diversify their investments. This marks a significant step towards the company’s goal of evolving into a comprehensive wealth-tech player.

Tara Chand Infralogistic Solutions was one of them. The company's shares, valued at ₹89 each just a year ago, have soared by an impressive 353% to trade at the current level of ₹404.

IPO) of Awfis Space Solutions will open for subscription on May 22 and will close on May 24. Ahead of the issue opening, the company's shares are trading with a premium of Rs 165 in the unlisted market. The anchor book will open for institutional investors later today. The firm is anticipated to list on stock exchanges on May 30.

Shares of Cipla Ltd.(up 2.73 per cent), Divi's Laboratories Ltd.(up 2.23 per cent), Laurus Labs Ltd.(up 1.97 per cent), Lupin Ltd.(up 1.42 per cent) and Aurobindo Pharma Ltd.(up 1.32 per cent) ended the day as top gainers in the pack.

Shares of State Bank of India(up 1.18 per cent), Bank of Baroda(up 1.15 per cent), Bandhan Bank Ltd.(up 0.61 per cent), Punjab National Bank(up 0.24 per cent) and Kotak Mahindra Bank Ltd.(up 0.08 per cent) ended the day as top gainers in the pack.

Indian equity derivatives that’s driven up volumes to the highest in the world is spurring concern among the nation’s policymakers that the frenzy may hurt efforts to harness household savings for productive purposes. Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail participation in the equity futures and options market.