Trade Financial News

Air Canada has awarded a Hong Kong company a major contract to perform heavy maintenance on 56 of its wide-body jets, sparking concerns about Chinese spies bugging the planes and aircraft becoming trapped in China if a military conflict erupts with Taiwan.

₹111 to ₹119 per share. Investors can bid for a minimum of 1200 shares and in multiples thereof. The minimum amount of investment required by retail investors is ₹142,800.

MUMBAI : In late evening circulars stock exchanges NSE and BSE directed their member-brokers to take note of the Reserve Bank of India (RBI) notification of 5 January on hedging of foreign exchange risk, which restricts the use of exchange traded currency derivatives (ETCD) to hedging only from 5 April onwards. The circulars , according to some brokers, could spell the end of the 16-year-old ETCD as most of those who infuse liquidity into the market—proprietary and retail clients—act as counterparties to hedgers.

imports from China declined 3% in calendar year 2023 over 2022, the commerce and industry ministry said Monday, adding that exports to both China and the EU rose 7.1% and 2.1%, respectively during the period. The statement comes more than a week after report by the United Nations Conference on Trade and Development (UNCTAD) showed that India’s trade dependence on China and the EU increased in 2023 while it reduced on Saudi Arabia. In its Global Trade Update on March 22, the UNCTAD said that India’s trade dependence on China and the EU increased 1.2% each in 2023 while it reduced 0.6% on Saudi Arabia. Trade interdependence between China and the US decreased further in 2023.

Brookfield Asset Management Inc.’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer says.

Shiba Inu (SHIB) has continued its bearish trend and is currently trading around the $0.0000285 level.  The recent sell-off of 533.6 billion SHIB tokens, worth $15.99 million in DAI stablecoin, by a single entity across 11 wallets has raised concerns about market stability and the influence of large holders in the SHIB community.

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BlockDAG (BDAG) is blowing up in the presale market, having already secured $9.9 million and eyeing a significant 1566% ROI potential for its early investors. The current SEI price prediction for 2024 anticipates SEI rising by 230.32% to reach $2.80 by April 25, 2024. This is supported by positive market sentiment, with the Fear & Greed Index indicating "Extreme Greed" at a level of 83.

—Name withheld on request

Patel Retail has filed its draft red herring prospectus (DRHP) with the market regulator Sebi to raise funds through an IPO. The public offer, with a face value of Rs 10 per share, is a mix of fresh equity issue of 90.18 lakh and an offer for sale of 10.02 lakh shares by promoters.

Tata Power Renewable Energy Ltd on Monday said it has commissioned a 200 MW solar project in Bikaner, Rajasthan. The project is expected to generate around 485 million units of green energy annually offsetting over 3,88,000 tonnes of carbon footprints, Tata Power Renewable Energy Ltd (TPREL) said in a statement. Subsidiary TP Saurya Ltd (TPSL) has commissioned a 200 MW solar project located in Bikaner, Rajasthan, for Tata Power Trading Company Ltd (TPTCL). The project will be integrated into the Central Transmission Utility (CTU) Bus, ensuring efficient distribution of clean energy across the region, it said. The total renewables capacity of TPREL has reached 9,018 MW (PPA capacity is 7,632 MW), including 4,547 MW projects under various stages of implementation and operational capacity is 4,471 MW, which includes 3,444 MW solar and 1,027 MW wind.

America needs more plumbers, and Gen Z is answering the call. Long beset by a labor crunch, the skilled trades are newly appealing to the youngest cohort of American workers, many of whom are choosing to leave the college path. Rising pay and new technologies in fields from welding to machine tooling are giving trade professions a face-lift, helping them shed the image of being dirty, low-end work.

Declaration of Dividend: When a company announces dividends, it specifies a record date. Investors who hold shares of that company on or before the record date are eligible to receive dividends. Verification of Eligible Shareholders: The company or its registrar verifies the shareholding records as of the record date to identify eligible shareholders who are entitled to receive dividends.

₹421 crore for the project. In a recent filing with the stock exchange, the hospitality major announced that its Board has granted approval for the development of an Oberoi Luxury Resort, slated to occupy a 52-acre site at Cavelossim Beach in South Goa. Also read: FY25 Outlook: Hotels to see revenue growth of 9-11%, a 3rd straight Year of growth- CareEdge According to project specifications, the luxury resort will feature 90 rooms and suites, targeting both domestic and international travelers, the company disclosed to the exchanges.

Hindustan Aeronautics Ltd is the industry partner of the textiles ministry for this project. "With this, India will have its own technology and manufacturing units. The project will be completed in the next three years," the second official said.

Polygon Labs CEO Marc Boiron has lashed out at Layer 3 (L3) networks on the Ethereum blockchain, claiming they are unnecessary for scaling the network and only serve to drain value from the mainnet.

demat account is as crucial as choosing the appropriate bank account for seamless banking transactions. Your demat account acts as the gateway to stock investing and trading in various securities like derivatives, bonds, commodities, and mutual funds. In recent years, there has been a significant increase in demat account additions, driven by growing awareness about stocks.

demat account is a must if you want to trade in stocks. It functions much like a bank account for stock market transactions. It digitally records all activities in the stock market and maintains electronic records of various financial instruments.

BSE Midcap index rose 1.64 per cent while the Smallcap index jumped 2.98 per cent. The overall market capitalisation (mcap) of BSE-listed firms rose to nearly ₹393.2 lakh crore from nearly ₹387 lakh crore in the previous session, making investors richer by nearly ₹6.2 lakh crore in a single session. Nearly 170 stocks, including Larsen & Toubro, Tata Steel, Adani Ports, DLF, Ambuja Cements, IndiGo, ICICI Prudential Life Insurance Company and Grasim Industries, hit their fresh 52-week highs in intraday trade on BSE.

BSE SME with a tentative listing date fixed on April 3, 2024. Investors can check their GConnect Logitech IPO allotment status online on BSE website or on the portal of IPO registrar. Kfin Technologies is the GConnect Logitech IPO registrar.

Adani Total Gas share price jumped as much as 8 per cent in intraday trade on BSE on Monday, April 1, after the company announced it started production at Barsana Biogas Project. Adani Total Gas share price opened at ₹947 against its previous close of ₹925.45 and jumped 8 per cent to hit its intraday high level of ₹1000 in trade so far.