Trade Financial News

India is looking to increase the export of agricultural value added products by forging partnerships with retail chains and supermarkets of countries like the United Arab Emirates. The commerce department has identified 12 value added food items, including jams, jellies and marmalades, alcoholic beverages, fruit pulp products, dehydrated vegetables and ready to eat products for the purpose. «We plan to concentrate on a few products and push their exports. These are some value-added goods which we are sure would give results,» said an official, who did not wish to be identified. Biscuits, confectionery, mango pulp and value-added products of mangoes, and preserved gherkins and cucumbers are also part of the list. «There's no target set for the export of these 12 categories. We expect a push from the free trade agreements signed recently,» the official said, adding that the plan entails promotions, stakeholder consultations and state tie-ups with supermarkets and retail chains, especially in the UAE, the EU and the US.

maize for ethanol production, its prices have shot up in the main producing regions, leading to fears of reduced state procurement. The increased prices can reduce the procurement by government agencies which have already made commitments to distilleries for ethanol production, said a senior government official, adding that the central agencies have already signed memorandum of understanding (MoUs) with over 40 distilleries that produce the clean fuel. As market price stays elevated, farmers may prefer to sell to private traders over government channels which procures at a minimum support price (MSP) of ₹2,090 per quintal for kharif season (2023-24).

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FTX founder Sam Bankman-Fried for fraud and money laundering sends an unambiguous message that the US is ready to go the distance in regulating cryptocurrencies. In addition to charges against Binance founder Changpeng Zhao of operating unregistered exchanges and selling unregistered securities, the US has gone further than most other countries in taming some of the most blatant abuses in the crypto world.

Fighter ( ₹199.96 crore), Teri Baaton Mein Aisa Uljha Jiya ( ₹81.61 crore) and Yodha ( ₹30.70 crore) - performed well below par. By contrast, in January-March of 2023, Shah Rukh Khan’s Pathaan was a blockbuster success, becoming the first Hindi language film to cross the ₹500-crore mark at the domestic box office. Two Tamil films - Vijay’s Varisu and Ajith-starrer Thunivu - were also big hits, each earning over ₹170 crore.

Indian economy remaining buoyant at the end of 2023-24 with Purchasing Manager's Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, as per the monthly economic review by the National Council of Applied Economic Research (NCAER). The PMI for manufacturing activity increased to 56.9 in February, reflecting a strong expansionary momentum, as growth in the output of eight key infrastructure sectors rose to a three-month high of 6.7 per cent in February from 4.1 per cent in January, NCAER said in its review for March that was released on Sunday. The economic think tank added that goods and services tax (GST) collections, too, remained buoyant, reaching Rs 1.7 lakh crore in February, registering a year-on-year growth of 12.5 per cent, while collections of GST E-way bills marked an equally impressive year-on-year growth of 18.9 per cent. NCAER noted that bank credit growth remained strong at 20.5 per cent with robust growth for personal loans, services, agriculture and allied activities.

global level. Don’t be a fanboy, be a boAthead," boAt said in a disclaimer while posting its recent advertisement on X. The video sparked an online debate with some users appreciating the creativity of boAt, while others calling it a new low in the negative marketing tactics.

Indian stock market: The Nifty has made a notable advance above 22,500, following a sustained movement beyond 22,100. Moreover, there's a visible consolidation breakout on the daily timeframe, indicating an increase in optimism. However, the Nifty faced initial resistance around its previous swing high of 22,526.

Wall Street has always played a big role in politics, but never like this. Former President Donald Trump is tantalizingly close to tapping a multibillion-dollar windfall that could help pay his legal bills and give a much-needed cash injection to his presidential campaign. Almost no one saw it coming.

Amid a slump to a $16 billion daily trading volume, Bitcoin’s subtle uptick to $70,098 spotlights investor caution.

In the realm of meme coins, PEPE price stands out with its recent surge, now trading at $0.000009 and sparking keen interest in Pepe price prediction analyses.

The blue-chip NSE Nifty 50 index rose 0.92% to 22,327, while the BSE Sensex settled 0.90% higher at 73,651.

However, the percentage of stocks closing below the 30-day low increased to 9% from 2% last week which is indicating that the recovery that we have seen lately among the SMIDs is yet to become broad-based, he said.

Sectorally, buying was seen in power, capital goods, the public sector, and utilities.

Tata Motors, Bajaj Auto, Adani Ports, Coal India, and Hero Motocorp witnessed extraordinary growth, with each of them vaulting over 100 per cent. Surprisingly, out of all Nifty 50 stocks, only two - Hindustan Unilever and HDFC Bank - concluded the fiscal year in the red, experiencing a decline of over 10 per cent each. Also Read: FY24 Review | Bajaj Auto, NTPC, among top 10 Nifty 50 performers, deliver hefty 80-140% returns in last 12 months The midcap and smallcap indices outshone the benchmarks by a significant margin.

₹67,259.99 crore, with Reliance Industries emerging as the primary beneficiary amid a general bullish sentiment in the stock market. The BSE index experienced an ascent of 819.41 points or 1.12 percent over the week. Trading activity was limited to three sessions due to market closures on Monday for Holi and Good Friday on March 29.

FY24 Review | Bajaj Auto, NTPC, among top 10 Nifty 50 performers, deliver hefty 80-140% returns in last 12 months On Thursday, the BSE and NSE debuted the beta version of T 0, a same-day trade settlement system for select stocks. This optional service allows investors to engage in transactions for 25 securities with settlement occurring on the same day. "When India became the first large market in the world to move to T 1 settlement, and just two days ago when we went live with an optional T 0 settlement, the process felt pretty much the same--lots of onion peeling happened to make for a global first," Buch said.

SRM Contractors is likely to finalise the share allotment on Sunday. The issue was booked 86 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's website. Firstly, here's how you can know the status on BSE

₹542 to ₹570 per equity share, with a face value of ₹5. The floor price stands at 108.40 times the face value of the equity shares, while the cap price is set at 114 times the face value. At the floor price, the price-to-earnings ratio is 49.36 times, whereas at the cap price, it rises to 51.91 times.

The price change in 24 carat gold in the last one week has been -2.89% .whereas in the last month it has been -7.95%. The cost of silver is Rs.77800.0 per kg The gold April 2024 MCX futures were trading at Rs.67800.0 per 10 gm up by 0.182% at the time of publishing.

NEW DELHI : Former chief of the UK’s National Cyber Security Centre, Lindy Cameron, is tipped to become the country’s new high commissioner to India. Should her appointment be confirmed, Cameron will be the first woman to serve as the British high commissioner in New Delhi. Alex Ellis, the incumbent British envoy, is expected to demit office shortly and move on to another diplomatic posting.