Trade Financial News

Warburg Pincus is closing in on Shriram Housing Finance Ltd (SHFL), having emerged as the frontrunner to acquire the unit of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people in the know. In a closely fought race, Bain Capital is the other serious contender, they said. Binding bids were submitted last week, they added. Negotiations are ongoing with both seeking to maximise value, “but for the moment, Warburg seems a more aggressive suitor or bidder for the company,” said a person close to the company on condition of anonymity. To be sure, the sale likely hinges on the matter of valuation. Shriram pegs it at Rs 6,500 crore, inclusive of a control premium, but the offers have been in the Rs 5,300-5,500 crore range.

A demat account serves as a digital repository for your stocks and investments, eliminating the need for physical paper certificates and providing convenient management options accessible via computer or phone. It's an indispensable tool for individuals engaging in stock trading activities in India.

Investors have the option to leverage their securities held in their demat accounts by pledging them as collateral to obtain a loan. This process, known as pledging, allows borrowers to access funds based on the value of their securities, including shares, debentures, bonds, and mutual fund units. By offering securities as collateral, borrowers can typically secure higher loan amounts at favorable interest rates, as lenders perceive lower risk due to the underlying asset. Moreover, the process of obtaining such loans involves minimal documentation and shorter processing times compared to traditional loan applications.

Global brands such as Apple, Netflix, Microsoft, Google, and Facebook are an integral part of our daily routines, reflecting their widespread influence on our lives. From smartphones to automobiles and consumer electronics, Indians have a penchant for owning products from these renowned international companies.

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

Stocks that are trading heavily or have substantial price changes on Tuesday: Tesla, UnitedHealth Group fall; Roivant, Valero rise

Popular Solana meme coin DogWifHat (WIF) appears to be wobbling hard after shedding 17% of its value in the last 24 hours to trade at $3.69 as of this writing.

hit record highs on Monday, April 1, led by metals stocks on strong industrial data from the top consumer China, before settling around 0.5 per cent higher. The BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. The broader NSE Nifty dipped 8.70 points or 0.04 per cent to 22,453.30.

TAC Infosec IPO last bidding date today: Issue booked over 400 times so far on strong NII, retail demand; check GMP The Aluwind Architectural IPO is offering 6,600,000 shares, with 3,135,000 (47.50%) allocated to Non-Institutional Investors (NII) and another 3,135,000 (47.50%) designated for Retail Individual Investors (RII). The Aluwind Architectural IPO was subscribed over 1.11 times on the third day of bidding. The SME IPO received 73,32,000 share applications against offered 66,00,000 shares on April 2.

Tesla reported its first year-over-year decline in quarterly deliveries since 2020, missing Wall Street’s expectations and stoking further concern about the company’s growth prospects this year. Elon Musk's electric-vehicle maker delivered 386,810 vehicles globally in the first three months of 2024, down 8.5% from a year earlier. It was the company’s lowest quarterly performance since the third quarter of 2022.

₹50 to reach ₹68,370 per 10 grams in the domestic market on Tuesday, influenced by subdued patterns in the global markets, according to HDFC Securities. During the last trading session, the valuable metal concluded at ₹68,420 per 10 grams.

The annual two-day «SEC Speaks» event kicked off Tuesday, offering clues to what the priorities will be for the Securities and Exchange Commission in the coming year.

government Tuesday allowed exports of Kala Namak rice up to an aggregate quantity of 1,000 metric tonnes through six specified customs stations. Their exports were prohibited till now. “Authorized signatory for certification of Kala Namak rice and its quantity will be Director, Agriculture Marketing & Foreign Trade, Lucknow,” the Directorate General of Foreign Trade said in a notification. Kala Namak is a premium non-basmati rice variety grown in Uttar Pradesh.

SRM Contractors, a construction company specialising in infrastructure projects across Jammu & Kashmir and Ladakh, will debut on the exchanges on Wednesday. Ahead of the listing, the company's shares are trading with a GMP of Rs 95, which translates into a listing gain of about 45%.

The fund's exposure to Danish pharmaceutical firm Zealand Pharma A/S hit 12.1%, according to its February factsheet, surpassing the 10% limit imposed on UCITS vehicles. Four Graphs explaining silver Zealand Pharma is involved in the production and design of diabetes and obesity medications, a corner of the healthcare market which has seen a huge surge in investment in the wake of Novo Nordisk's Ozempic medication becoming a cult product for weight loss. The company's shares had historically traded at around 200 DKK (£22.92) per share, but last month it experienc...

GE Vernova, which houses General Electric's (GE) renewable energy, power, and digital businesses on Tuesday said its spin-off from GE is complete and it will begin trading as an independent company on the New York Stock Exchange under the ticker symbol GEV. In 2021, General Electric decided to split its businesses into GE Healthcare, GE Aerospace, and a third unit, GE Vernova.

Domestic benchmark index NSE Nifty ended 8.71 points down at 22453.3, while the BSE Sensex closed 110.64 points down at 73903.91.

Donald Trump’s net worth tumbled by $1 billion along with the shares of his social media business after it disclosed a more than $58 million loss in 2023, as revenue for the former president’s Truth Social platform trickled in. 

cement prices lately in eastern and southern regions. While prices have dropped across markets, the excess capacity in these two regions has meant a sharper drop vis-à-vis all-India average. Given Dalmia’s significant exposure in these regions, muted price trends have raised concerns about its realisation and profitability outlook.

Adani Enterprises share price that has risen 90% in last year has more than doubled from lows seen in February last year. Analysts at Jefferies India Limited however expect almost 17% upside for Adani Enterprises led by commissioning of Copper unit first phase and expansions being undertaken during second phase. The target price of Jefferies for Adani Enterprises stands at ₹3800 while the stock is trading at close to ₹3260 levels.

Ajax has suspended new CEO Alex Kroes and says it intends to fire him on suspicion of insider trading in the club’s shares