Trade Financial News

NEW DELHI : The Eid weekend is here, but there’s no Salman Khan. The absence of this tried-and-tested combo, plus a general fall in audience flow into theatres after covid, have subdued the chances of a blockbuster Eid weekend for both moviegoers and the industry this year.

When it comes to financing deals, don’t count out the big Wall Street banks quite yet. A big narrative in recent years has been that America’s biggest deposit-taking investment banks are losing ground to their nonbank rivals, the likes of Blackstone and Apollo Global. One worry for banks was that private credit—meaning, in this context, lending directly to businesses by alternative-asset fund managers, insurers and others—was going to eat into investment banks’ business originating loans and distributing them to investors.

South India Organised Retailers Association (ORA) on Wednesday threatened to halt the sales of OnePlus products in their establishments from May 1, allegedly due to unresolved concerns with the company. In a letter addressed to Ranjeet Singh, Sales Director of Oneplus Technology India, ORA said that throughout the past year, the retailers' body has encountered significant obstacles associated with selling OnePlus products, which remain unresolved. «Despite our persistent efforts to address these concerns with your company, little progress or resolution has been achieved. Promises made have not been fulfilled, leaving us with no recourse but to take this drastic measure. ORA painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from 1st May, 2024,» the body said.

Scorpion Casino has officially announced its listing schedule following its incredible Pinksale Launchpad sale.

New Delhi: Only a handful of Indian goods such as mobile phones and drugs witnessed a rise in their annual export value during the first 11 months of FY24 in a year that saw high interest rates globally curb demand and geopolitical tensions hurt international trade. Goods that saw their exports value increase between April 2023 and February 2024 include agricultural produce, drugs and pharmaceuticals, cotton yarn and handloom products, electronic goods, iron ore, ceramic products /glassware and engineering goods, according to the latest commerce ministry data.

World trade is set to rebound this year and next as cooling inflation eases pressure on household budgets, according to the World Trade Organization, but the recovery may be weakened by growing distrust and fresh barriers between some large economies. Flows of goods and services across national borders have swung wildly over recent years in response to the Covid-19 pandemic and the subsequent lifting of related restrictions. While trade in goods soared in 2021 and 2022 as households in lockdown were deprived of access to many services, last year saw a decline of 1.2%.

Shares of Biocon Ltd.(up 2.59 per cent), Abbott India Ltd.(up 2.28 per cent), Laurus Labs Ltd.(up 1.21 per cent), Ipca Laboratories Ltd.(up 0.66 per cent) and Zydus Lifesciences Ltd.(up 0.52 per cent) ended the day as top gainers in the pack.

Domestic benchmark index NSE Nifty ended 111.05 points up at 22753.8, while the BSE Sensex closed 354.45 points up at 75038.15.

A former longtime executive in Donald Trump’s real estate empire is set to be sentenced for lying under oath in the ex-president’s New York civil fraud case

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As we step into 2024, investors are putting together robust crypto portfolios that they hope will yield high returns this year.

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Shares of Phoenix Mills Ltd.(up 4.13 per cent), Sobha Ltd.(up 2.73 per cent), Macrotech Developers Ltd.(up 2.26 per cent), Swan Energy Ltd.(up 0.19 per cent) and Brigade Enterprises Ltd.(up 0.18 per cent) ended the day as top gainers in the pack.

Shares of IDFC First Bank Ltd.(up 3.11 per cent), Punjab National Bank(up 2.87 per cent), Kotak Mahindra Bank Ltd.(up 2.55 per cent), Federal Bank Ltd.(up 2.06 per cent) and Bank of Baroda(up 2.0 per cent) ended the day as top gainers in the pack.

The Insurance Regulatory and Development Authority of India (Irdai) has junked its proposal to hike the guaranteed surrender value (GSV) for policyholders. Had this proposal, unveiled in December, been implemented, it would have increased the GSV of non-participating life insurance plans by 74-85%, as per some estimates. Non-participating plans are those in which maturity benefits are guaranteed and are not linked to the profits that insurers earn.

₹50 apiece of face value of ₹10 each. Greenhitech Ventures IPO will open for subscription on Friday, April 12, and close on Tuesday, April 16.

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Indian stock markets have hit new peaks recently, causing a ripple effect across sectors. Investors' increased spending due to the wealth effect has indirectly benefitted various industries, including real estate. In fact, anticipating good days ahead, stocks of real estate companies have risen sharply over the past year.

Movie theater owners who gathered in Las Vegas this week for the annual CinemaCon convention and trade show are still feeling the high from “Barbenheimer.”

China's Finance Ministry has denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative

Turkey and Israel have announced trade barriers on each other as relations deteriorate further amid the war in Gaza