Trade Financial News

Europe’s trade relationships are set to suffer as global conflicts and protectionism open a chillier chapter in international commerce, hitting growth on the continent. Trade is now growing at a slower pace than the world economy, marking a fundamental shift away from the trade-centric globalism prevalent since the end of the Cold War, Boston Consulting Group said in a report published this month. The slowdown is due to rising protectionism, including in China, and increased disruptions from conflict, BCG said.

Yemen, officials said Tuesday, as the Iran-backed rebel group continues to target vessels in the Red Sea.The early morning strikes destroyed four anti-ship missiles that were prepared to launch from Houthi-controlled areas of Yemen, officials said.The Houthis have not stopped their attacks despite two airstrikes by U.S. and British forces last week that targeted the group’s weapons depots, launching facilities and air defence systems.

Bajaj Finance with a Sell rating and a target price of ₹6,800 per share, implying a downside of 9% from Tuesday’s closing price. It expects Bajaj Finance’s yields to be under pressure in urban consumer financing business, which formed 37% of standalone Assets Under Management, 45% of interest earned and over 60% of core fee income in FY23.

Adani Group, through its portfolio of companies, will invest Rs 12,400 crore in Telangana, the company said on Wednesday. The Chief Minister of Telangana, Revanth Reddy, and the Chairman of the Adani Group, Gautam Adani, signed an agreement at the World Economic Forum in Davos. Adani Enterprises Limited (AEL) will invest over Rs 5,000 crore in a 100 MW data centre, which would be powered by renewable energy, over the coming 5-7 years. "AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project.

Bitcoin did not move much but clutched near the $42,800 mark, whereas Ethereum was comfortable above $2,550 levels amid the jittered sentiment for the digital token market. «On the last day, traders opted for profit booking, causing Bitcoin to come close to the $42,000 mark. However, a rapid bullish phase took over, pushing the price up to $43,500 before settling just below $43,000. Bitcoin's next challenge is at the $43,918 resistance level, while the preceding support level stands at $42,510,» said Edul Patel, CEO of Mudrex. Other top crypto tokens were trading mixed, with minor changes, on Wednesday. Solana, XRP, Cardano, Dogecoin, and Chainlink were trading in the green, while BNB, Polkadot, Tron, Toncoin, Polygon, and Internet Computer were in the red.

Godrej Consumer Products Ltd. traded at Rs 1110.75 on BSE at 01:06PM (IST) on Wednesday, down 1.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 885.1 and a high of Rs 1207.0.

Jubilant Foodworks Ltd. traded 0.99 per cent up at Rs 535.45 at around 01:22PM (IST) on Wednesday. The stock had closed at Rs 530.2 in the previous session.

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

Marico Ltd. fell 0.09 per cent to Rs 530.95 in Wednesday's trade as of 01:12PM (IST) even as the benchmark Nifty ruled at 21647.95, down 384.35 points. The scrip had closed at Rs 531.45 in the previous session.

is it time for investors to turn cautious? Here's what experts say. Pranav Haridasan, MD and CEO at Axis Securities, noted that the IT sector has led the Nifty rally this month because of decent results backed by cheaper valuations. However, the recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain.

ONDC), and currently has 10,000 auto-rickshaw drivers on board, contributing to convenient and sustainable transport, officials said. The Open Network for Digital Commerce (ONDC) is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry. "Delhi takes the next step towards bringing consumers, providers, and tech platforms together.

In a dynamic week for the cryptocurrency market, Bitcoin price prediction is neutral as BTC is trading at $42,870 with a modest increase of less than 0.25% as of Wednesday. This uptick comes amidst a flurry of significant developments. Core Scientific, a prominent Bitcoin mining entity, has announced plans to file for bankruptcy and relist its shares, a move that has sent ripples across the crypto industry.

Colgate-Palmolive (India) Ltd. fell 0.76 per cent to Rs 2479.6 at 12:20PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

₹145.80 apiece on the BSE. Federal Bank registered a 25.3% growth in its net profit for the third quarter of FY24 at ₹1,006.74 crore as compared to ₹803.61 crore in the corresponding quarter of last year. The bank’s net interest income (NII) in Q3FY24 increased 8.5% to ₹2,123.4 crore from ₹1,956.5 crore, YoY.

overturn the results of the 2020 presidential election, the leaders of most of America’s biggest corporations were only too happy to see the back of him. They wore their moral outrage like a badge of honour. Sure, they had conveniently put aside their earlier scruples about Mr Trump’s suitability for the White House, bought off by generous corporate and personal tax cuts in 2017.

Trent Ltd. traded 0.46 per cent down in Wednesday's trade at 12:00PM (IST). Around 5,380 shares changed hands on the counter.

MphasiS Ltd. traded at Rs 2603.35 on BSE at 11:54AM (IST) on Wednesday, down 0.07 per cent from previous close. The scrip quoted a 52-week low price of Rs 1660.65 and a high of Rs 2788.35.

Red Sea shipping force them to find alternate routes, logistics firms say, a potential boon for a sector dealing with muted post-pandemic demand and overcapacity. The Red Sea, which leads to the Suez canal, lies on the key east-west trade route from Asia's manufacturing hubs to Europe and onto the east coast of the Americas. About 12% of world shipping traffic accesses the Suez Canal via its waters.

Voltas Ltd. slipped 0.03 per cent to Rs 1050.95 in Wednesday's trade. It hit a high of Rs 1054.5 and low of Rs 1025.15 during the session.

Tata Elxsi Ltd. traded 0.62 per cent down in Wednesday's trade at 11:44AM (IST). Around 5,176 shares changed hands on the counter.