Trade Financial News

Navigating the treacherous waters of French Banks' neo-favoritism can be akin to a dicey game of Monopoly played in a dimly lit alley. Picture this: nestled in the heart of London's financial hub, there existed a manager by the name of Brunon «The Terrible.» Oh, Brunon was quite the character, notorious for his formidable presence on the trading floor and his uncanny ability to dodge the bill at the local pub after a long day's work.

The Reserve Bank of India (RBI) has announced that seven Non-Banking Financial Companies (NBFC) have surrendered their Certificate of Registration (CoR).

As gold prices have hit a new high, touching Rs 65,650 per 10 gram on Thursday, individuals should stagger investments in the metal to lower the average purchasing costs. They should look at gold exchange traded funds (ETFs) or consider buying sovereign gold bonds (SGBs) in the secondary market if they are available at a discounted price.

On-chain activity on Bitcoin Cash is rising significantly. Bitcoin (BTC) has soared to the $60,000 range, causing high FOMO as bullish sentiments fill the market.

As the Dogecoin (DOGE) price is consolidating in the $0.175 area, bulls are eyeing a quick return to $0.20 amid a surge in trading volumes during Asia trading hours.

Recently, Stacks (STX) has experienced a noticeable decline in its value, prompting a wave of interest from investors seeking more promising alternatives. Among these alternatives, Algotech (ALGT) has emerged as a compelling option, drawing attention for its innovative solutions and potential for growth.

On Friday, the equity market took a step back, concluding a week filled with ups and downs as Nvidia's (NASDAQ:NVDA) remarkable surge paused.

Last week, the dollar faced selling pressure, dropping to the 102 level after the employment report.

India will have the option of temporarily withdrawing customs duty concessions on EFTA country goods under the trade agreement between the two sides, if the four European nation bloc would not fulfil its USD 100 billion investment obligations. Though the investments have to flow in 15 years — USD 50 billion in the first 10 years (counted after implementation of the pact) and another USD 5 billion in next five years, the trade deal also provides for a three-year grace period to the EFTA bloc to meet the obligations, according to the documents accompanying the agreement. India and four-nation European Free Trade Association (EFTA) bloc signed Trade and Economic Partnership Agreement (TEPA) on March 10 under which New Delhi received a foreign direct investment commitment of USD 100 billion in 15 years from the member countries of the grouping. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.

MUMBAI : IndiGo co-founder Rakesh Gangwal on Monday offloaded a larger-than-anticipated 5.8% stake in InterGlobe Aviation Ltd, the parent company of the airline, through a block deal on BSE. This sale follows previous divestments by Gangwal and his family, indicating a gradual reduction in their shareholding in the company.

demat account requires several mandatory requirements, with a bank account being one of them. In the digital era, trading has shifted entirely to electronic platforms, facilitating online transactions and ensuring swift processing of trades. While the primary bank account linked to the demat account serves as the designated account for fund transfers and settlements, investors often wonder if they can link multiple bank accounts to their demat account for added convenience and flexibility in managing their investments and funds.

demat account has become easier, thanks to the widespread availability of mobile trading applications. Opening a demat account through a depository participant (DP) is a straightforward procedure, similar to opening a bank account. However, it's important to note that a DP can't provide a demat account unless they are registered with depositories, an organisation responsible for securely holding investors' securities.

JPMorgan strategists said in a Monday note that the Magnificent Seven stocks are now cheaper compared to the broader equity market than they were five years ago, citing their most recent earnings data.

Silver may finally break its multi-year consolidation, potentially catching up with gold's recent all-time highs and possibly targeting $50 in the long term.

Bitcoin topped $71,000 for the first time, advancing for a sixth straight day and taking this year’s rally to almost 70% on the back of massive inflows into US exchange-traded funds. 

Selected participants in the initiative will gain access to ChainGPT’s suite of AI-powered blockchain tools, including its APIs and SDKs, enabling streamlined development and scalability

Benchmark NSE Nifty closed 160.9 points down at 22332.65 amid selling in frontline bluechip counters.

India-EFTA trade deal: In a landmark deal with the European Free Trade Association (EFTA), India has signed a trade and economic partnership agreement (TEPA) to boost trade and investments for developed countries- Iceland, Liechtenstein, Norway, and Switzerland. Under the agreement, the four-member EFTA has committed $100 billion in investments in India and the tariffs between both blocs are expected to reduce.

₹43 per metric million British thermal unit (mmbtu) in FY23 to ₹58.6 mmbtu in FY24. Consequently, gas transmission business should make up for almost 50% of the company’s Ebitda in FY24. Ebitda is earnings before interest, tax, depreciation and amortization.

Shares of Au Small Finance Bank Ltd.(up 2.27 per cent) ended the day as top gainers in the pack.

Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank says “as India is moving up very significantly in the global export chain and in the global value chain, as a country, we are a lot more confident now and that is showing up in this particular agreement with the four European nations and it can act as a stepping stone for a few more going ahead in the coming days. So, it is very significant in my view. This angle is probably not very clearly scratched that we want to integrate more with the world in terms of trade and better ties. In that light, how significant do you see the free trade agreement between India and the European FTA block (India-EFTA)? Siddhartha Sanyal: This is very significant. First of all, one very silent revolution is taking place over the course of the last few years, maybe a decade or so, where very clearly in the global supply chain and the global value chain, India is silently moving up in a very significant fashion.