Trade Financial News

Chris Wood said he continues to believe that India is the best equity story in the world on a ten-year view. In his GREED & Fear newsletter, Wood said the Indian market-especially mid-caps-looks expensive but these valuations must be seen in the context of acceleration in growth led by a developing capex cycle. According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.

Gatekeepers to the assets overseen by financial advisers — the holy grail in eyes of fund issuers — are being especially choosy when it comes to the pack of freshly launched US-listed spot bitcoin ETFs. 

As the AI stock pump on Wall Street eases and major cryptocurrencies trade mostly trading in the red on Friday, highly risk-tolerant crypto degenerates are hunting for top crypto gainers today in the unregulated on-chain shitcoin markets.

back in Paris on their tractors in a new protest Friday demanding more government support and simpler regulations, on the eve of a major agricultural fair in the French capital. Dozens of tractors drove peacefully into Paris carrying flags from Rural Coordination, the farmers’ union that staged the protest.

After the long weekend markets continued to sell off, bringing the S&P 500 and Nasdaq back to breakout support while the Russell 2000 (IWM) shaped a potential double top.

A little-watched corner of Canada’s credit market is being shaken up by the country’s largest lenders as they pile into securities that shift credit risks to other investors — a play likely to be copied by their counterparts on Wall Street.

Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand of ₹20.36 crore from Jaypee Sports International Limited (JSIL) in connection with the Formula One race. It said the race promotion contract between Formula One World Championship (FOWC) and JSIL was not a franchise agreement and that no service tax was leviable. «It is not possible to hold that the race promotion contract is a franchise agreement, under which FOWC provided franchise service to JSIL and consequently the demand of service tax of₹20.36 crore is clearly not sustainable,» the bench of PK Choudhary, member (judicial), and Sanjiv Srivastava (technical member) said on Monday. The court said 'franchise' means an agreement by which the franchisee is granted representational right to sell or manufacture goods or to provide service or undertake any process identified with franchisor, whether or not a trade mark, service mark, trade name or logo or any such symbol, as the case may be, is involved.

₹3.8 trillion on Thursday, and bankers hope the situation will improve when government spending picks up, and money finds its way into the banking system. Liquidity deficit stood at ₹2.6 trillion as on 22 February, slightly lower than ₹2.8 trillion on 21 February, as per data from Bloomberg, but has nonetheless stayed in deficit since 8 December. “Because credit offtake is quite strong, banks are managing the shortfall in deposits with short-term borrowings," said Arun Bansal, executive director, IDBI Bank.

World Trade Organisation are maintained at the Abu Dhabi meeting next week, union commerce and industry minister Piyush Goyal said on Friday. The country will also raise the issue of the European Union's Carbon Border Adjustment Mechanism (CBAM) at the WTO and bilaterally with the EU, Goyal said at the Raisina Dialogue 2024 here. «There are attempts to include issues in the WTO that are not part of world trade, and India will try to ensure that the guiding principles of WTO are maintained,» he said.

By Akash Sriram and Harshita Mary Varghese

Benchmark indexes Dow Jones, Nasdaq, and the S&P 500 are poised to finish the week on a positive note. We have seen notable performances from four key stocks:

₹38.18 crores. The issue is entirely a fresh issue of 40.19 lakh shares. The company has set the price band of SME IPO at ₹95 per share, with face value of ₹10 per share.

JOHANNESBURG (Reuters) -The South African rand weakened on Friday, extending the previous day's losses to hit its lowest level since October, with analysts citing the impact of this week's 2024 budget on investor sentiment.

By Rachna Uppal and Hadeel Al Sayegh

Investing.com — U.S. futures consolidated Friday, trading in tight ranges after the previous session’s dramatic Nvidia’s inspired rally.

Loblaw Cos. Ltd. set an all-time high for the second time this week as Canada’s biggest grocer rallied on a fourth-quarter earnings beat and expansion plans.

At the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constellation of small, mostly poor, islands. The fact that those countries racked up huge debts and paid part of the bill with things like black beans and peanuts mattered little to Hugo Chavez as he parlayed the bonanza into global fame as the leader of what he called 21st century socialism.

In the first half of the week, Bitcoin held onto the $51,700 support, a level we've been monitoring since February 15.

Investing.com — Warner Bros. Discovery (NASDAQ:WBD) has reported fourth-quarter revenue that was below average analyst forecasts, but the media group said it is now on a «clear pathway» to growth.

Investing.com-- U.S. stock index futures traded in a muted fashion Friday. pausing for breath after the previous session's Nvidia-inspired rally to record highs. 

₹95,000 crore and the expected fund flow will create about 2.25 million new job opportunities in the next 4-6 years, according to a senior government official on Friday. The ministry expects ₹25,000 crore investments under the Production Linked Incentive Scheme (PLI) and another ₹70,000 crore investment under the PM Mega Integrated Textile Regions and Apparel (PM-MITRA) park scheme in the next 4-6 years, textiles secretary Rachna Shah said during an interaction. The PLI scheme in textile sector will create 250,000 new jobs and the expected fund flow in seven PM-MITRA parks will generate direct and indirect employment for 2 million persons, Shah added.