Trade Financial News

European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. «China that plays fair is good for all of us,» she said following trilateral talks in Paris with Chinese President Xi Jinping and French President Emmanuel Macron. «Europe will not waver from making tough decisions needed to protect its economy and its security,» she said. «We will defend our companies, we will defend our economies.»

KuCoin, a leading global cryptocurrency exchange, is excited to announce its 27th Spotlight Token Sale featuring Lifeform (LFT), a trailblazer in decentralized digital identity (DID) solutions. Lifeform is revolutionizing the digital world by providing secure and seamless decentralized digital identity solutions. It includes state-of-the-art 3D avatar creation tools, visual DID protocols, and a native Web3 decentralized identity system, backed by a robust metaverse engine SDK. Lifeform is devoted to advancing the Bitcoin ecosystem.

emat account has evolved beyond mere equity trading, now offering investors a spectrum of avenues to diversify their portfolios across various asset classes. Apart from stocks, investors can seamlessly venture into bonds, mutual funds, ETFs, as well as Real Estate Investment Trusts (REITs). Traditionally, Indians have favored real estate investments due to their potential for capital appreciation and steady rental income.

State Bank of India has invested Rs 714 crore in New York headquartered TCG Urban Infrastructure, who is developing world trade centre in Gurugram with one million sq ft of leasable space. The total cost of the project is expected to be Rs 1,211 crore of which Rs 497 crore has been invested by the promoter, according to documents accessed through CRE Matrix, a real estate data analytics firm.

global concern surrounding environmental issues and clean energy pose certain threats to Indian companies planning to invest abroad, consultancy major EY said in a report. While deeper insights are needed in areas like Carbon Border Adjustment Mechanism (CBAM), transfer pricing regime, permanent establishment rules, it said that higher investment limits for strategic PSUs investing overseas and investment by family offices are expected to spur overseas investments. India’s outward foreign investment increased to $22.88 billion in FY23 from $1 billion in FY02. On CBAM, it said: “Effective October 2023, it will be an additional cost for importers of specific emission-intensive product categories into the EU and means new compliance and reporting obligations. Companies therefore need to proactively address CBAM-related challenges for exporting ‘covered products’ to their overseas subsidiaries by understanding the requirements, assessing the potential impact on their operations and by developing a compliance plan”.

Shares of Mahindra & Mahindra Ltd.(up 1.46 per cent), Balkrishna Industries Ltd.(up 0.87 per cent), Tata Motors Ltd.(up 0.28 per cent) and TVS Motor Company Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

₹10 per equity share, the Slone Infosystems IPO price band has been set at ₹79. A lot size of 1,600 shares is available for the Slone Infosystems IPO. Applications for equity shares must be made in multiples of 1,600 beginning with a minimum of 1,600 shares.

resignation of its joint managing director KVS Manian, who had been with the bank for almost three decades. In the aftermath of the RBI's intervention, Kotak witnessed a sharp decline in its share price, plummeting from a high of ₹1,846 on 24 April to a low of ₹1,544 by 3 May, just ahead of the release of the bank's March quarter results (Q4FY24), all within a span of six trading sessions. The Q4 results, announced on Saturday, came as a relief, boasting robust performance propelled by a surge in fee income.

commerce ministry's arm DGTR has recommended the imposition of anti-dumping duty on imports of a chemical, used for water treatment, from China and Japan to protect the domestic industry from cheap inbound shipments. The Directorate General of Trade Remedies (DGTR) has recommended the duty on 'Trichloro isocyanuric acid' after conducting an investigation on the dumped imports of the chemical from these two countries. «The authority recommends imposition of provisional anti-dumping duty on the imports,» the DGTR's notification has said. Bodal Chemicals Ltd had filed the application for the initiation of an anti-dumping investigation on the imports from China and Japan.

Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors. Post its quarterly earnings, JPMorgan upgraded the stock and raised its price target price. Domestic brokerage Motilal Oswal and Prabhudas Lilladher maintained their buy ratings while Nuvama and Kotak Institutional Equities retained their 'Hold' and 'Sell' stance.

₹60,000 per 10 grams to ₹71,132 per 10 grams. On April 12, they touched a record high of ₹73,958. This unprecedented surge in gold prices indicates heightened global uncertainty, driven by factors such as trade tensions, financial conflicts among global major powers, record-high interest rates in advanced economies, and ongoing wars, particularly in the Middle East.

Also Read: Indegene IPO: Issue booked 55% on Day 1, so far. NII portion fully subscribed; check GMP, subscription status, key dates Winsol Engineers IPO is commanding a robust grey market premium today. Winsol Engineers IPO GMP today, or grey market premium today, is ₹130 per share, as per stock market observers.

The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of 604.0. About 92,561 shares changed hands on the counter so far.

Britannia's executive vice-chairman and managing director Varun Berry said commodity prices could increase post elections especially for wheat and sugar, its key raw materials but aims to clock a double-digit volume growth even at the cost of slight margin erosion. «On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary,» Berry told analysts. «Post election and post monsoon, I would think we would be aiming towards double digit volume growth.» The Nusli Wadia-controlled company has also undertaken a route to market project to multiply adjacent businesses while continue to build its core biscuits portfolio. As part of its new initiative, the company will focus more on aligning its service towards high potential retail outlets with multiple salesmen, building AI enabled predictive ordering and upgrading the salesforce automation. The pilot is planned for the second half of the current fiscal and will be completed in a year.

Zee Entertainment Enterprises Ltd. slipped 4.01 per cent to Rs 137.3 in Monday's trade. It hit a high of Rs 145.05 and low of Rs 137.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 224.29, while the 50-DMA was at Rs 150.88. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Adani Power Ltd. fell 1.86 per cent to Rs 593.1 at 01:59PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 258,079 shares with a turnover of Rs 15.21 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.79, while the price-to-book value ratio stood at 4.77.

The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024.

Also Read: Your Questions Answered: How is the Nifty 500 Index different from Nifty 50? Please elaborate The Nifty LargeMidcap 250 index is made up of 100 stocks from the Nifty 100 and 150 stocks from the Nifty Midcap 150 Index. But there's a big difference compared to other indices: it gives equal importance, or weightage, to both large and mid-sized companies. This means that half of the index is made up of stocks from the Nifty 100, and the other half is from the Nifty Midcap 150.

₹855.00 apiece on the BSE. The automobile marketplace CarTrade Tech posted a net profit of ₹22.51 crore in the quarter ended March 2024, rising 50.5% from ₹14.95 crore in the same quarter a year ago. The company’s revenue from operations in Q4FY24 grew 51.4% to ₹145.27 crore from ₹95.86 crore, while EBITDA margin expanded to 18.9% from 12.1%, YoY.

NMDC, the country's largest iron ore producer, continued their upward trajectory for the third consecutive trading day on Monday, surging by 1% to reach a 14-year peak of ₹271.70 per share. The last time the stock reached this level was in 2010. NMDC's shares have been on an upward trend since June 2023, closing nine out of ten subsequent months in positive territory and accumulating a gain of 143%.

Britannia Industries share price gained more than 9% during intraday trades on Monday. Trading with gains of close to 7.5% in the afternoon trades, was largest gainers in the Nifty-50 stocks.