Trade Financial News
16.01 / 08:05
markets
UPS
Trade
Updates
Maruti Suzuki hikes prices across models by 0.45% effective today; share price gains
Maruti Suzuki India said in a regulatory filing. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from 16th January, 2024, it added. Also Read: Paytm share price rallies over 3% as UBS initiates coverage with a ‘Buy’ call; sees EBITDA breakeven in FY25 The company had on April 1 last year raised prices across all its vehicle models.
16.01 / 07:57
markets
Gap
Compilation
MSCI
Trade
country
India stocks’ valuation premium over China approaches record
Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders. The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg. India — long dubbed the “next China” — has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It’s ascent came on the back of a sluggish Chinese market, where problems ranging from rivalry with the US and deflationary pressures led to a third annual decline in the MSCI China gauge.
16.01 / 07:57
Binance
Digital
Platform
coinbase
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Innova
Schools
Binance Thailand opens crypto exchange for trading
Binance Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said on Tuesday. The exchange, Gulf Binance, is a joint venture between Binance and Thailand's Gulf Innova that will serve as an exchange and brokerage platform allowing users to buy and sell digital assets with local currency pairings, according to a statement.
16.01 / 07:57
film
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Actor
Universities
social
paparazzi
Videos
Rana Daggubati viral video: Actor removes shoes before HanuMan movie poster pose
Rana Daggubati could be seen before posing in front of a 'HanuMan' poster. Social media lauded the actor for upholding cultural values.
16.01 / 07:57
16.01 / 07:57
16.01 / 07:35
16.01 / 06:43
markets
Target
Action
Nikkei
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show
reports
Asian stocks
Asian stocks slip, Nikkei sees mild profit-taking at 34-year highs
Investing.com-- Most Asian stocks fell on Tuesday, with Japan’s Nikkei 225 retreating as investors locked-in profits from a stellar rally, while focus turned to key upcoming economic indicators from China.
16.01 / 06:43
16.01 / 06:43
16.01 / 06:43
markets
Progressive
economy
Sustainability
Trade
show
track
Asia FX weakens, dollar rises as markets await more Fed, rate-cut cues
Investing.com-- Most Asian currencies retreated on Tuesday, while the dollar advanced as traders remained largely risk-averse before more cues on when the Federal Reserve could begin cutting interest rates.
16.01 / 06:37
markets
COST
UPS
security
Trade
country
reports
week
Welspun Living: Axis Securities selects the stock as its 'pick of the week', sees 14% upside – 3 key reasons why
Welspun Living as its 'top pick of the week'. This is on the back of the promising long-term potential in the textile sector, raw material price correction, improvement in margins, developing branded presence and macroeconomic tailwinds. The brokerage has a ‘buy’ call on the stock with a target price of ₹175, implying a potential upside of over 14 percent.
16.01 / 06:37
UPS
IPO
Booking
Research
Trade
recommendations
Jyoti CNC share price debuts at 11.78% premium; Should Buy, Sell or Hold the shares post listing?
Jyoti CNC Automation share price made a strong debut on Tuesday, listing with gains of 11.78% higher than the issue price of ₹331 on the NSE. It further rose to ₹426.40 levels during the morning trades. On BSE, Jyoti CNC Automation share price was listed at ₹372 apiece, up 12.39% than the issue price.
16.01 / 06:37
markets
COST
Target
Pool
Trade
Updates
Paytm share price rallies over 3% as UBS initiates coverage with a ‘Buy’ call; sees EBITDA breakeven in FY25
₹742.20 apiece on the BSE. UBS expects One 97 Communications, the parent company of fintech giant Paytm, breaking even on EBITDA in FY25 and reaching a 20% EBITDA margin by FY28. It views this as a key re-rating trigger, as seen at other new-age companies such as Zomato, where investors value profitable growth more than pure growth.
16.01 / 05:35
16.01 / 05:32
markets
UPS
Trade
performer
reports
IRFC, RVNL, and Mazagon Dock jump up to 13% to their respective new highs; gave multibagger returns in last 1 year
Mazagon Dock Shipbuilders surged up to 13 percent in intra-day deals on Tuesday to hit their respective new highs ahead of the 2024 Interim Union Budget. Indian Railway Finance Corporation surged 12.7 percent to its new high of ₹146.69. It has now soared over 476 percent from its 52-week low of ₹25.45, hit on March 28, 2023.
16.01 / 05:32
UPS
IPO
Trade
show
reports
Features
Low
week
Angel One shares slump 12.5% to hit a 2-week low after Q3FY24 earnings
Angel One witnessed a significant decline in its stock value early on Tuesday following the company's release of Q3 FY24 numbers on Monday post-market hours. The company reported a net profit of ₹260 crore in Q3FY24, reflecting a 14.50% quarter-on-quarter (QoQ) decrease but showing a positive 14% year-on-year (YoY) improvement. Its total revenue from operations for Q3FY24 increased by 1% QoQ and 41% YoY, reaching ₹1,059 crore.
16.01 / 05:30
Target
Food
Trade
Diversity
reports
Department
India slaps 50% duty on molasses exports
Mint on 29 December reported that the union government was considering a 50% duty on the export of molasses to augment supplies for meeting India's target for cleaner and more efficient ethanol-blended petrol. The government aims to achieve its E20 (20% ethanol blended petrol) target by 2025-26 from its present 12%. India is the world’s largest molasses exporter and contributes about 25% to global trade.
16.01 / 05:30
markets
UPS
WhatsApp
Healthcare
Trade
Experts
surges
Aster DM Healthcare share price surges nearly 13% to hit its fresh all-time high
₹449.75 in early trade on Tuesday, January 16 a day after the company's announcement regarding dividend payment. Aster DM Healthcare share price opened at ₹448.10 against the previous close of ₹398.85 and soon jumped 12.8 per cent to the level of ₹449.75 on Tuesday.
16.01 / 05:30
Provident
security
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reports
Updates
Financial
Jio Financial Services share price tanks over 6% after Q3 results
₹250.10 apiece on the BSE. The demerged entity of Reliance Industries, Jio Financial Services Ltd (JFSL) recorded a 56% quarter-on-quarter (QoQ) decline in their net profit for the third quarter of FY24 at ₹293.82 crore from ₹668.18 crore in the September quarter. The company’s revenue in Q3FY24 slumped 32% to ₹413.61 crore from ₹608.04 crore, QoQ.
16.01 / 04:09
markets
JPMorgan
Compilation
security
economy
Trade
country
India's markets are turning into an inexorable force
At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMorgan Chase & Co. India's entry following Russia’s exclusion after Vladimir Putin's 2022 invasion of Ukraine (and 2014 seizure of Crimea) and when China's sovereign debt is losing its luster, will make Asia's third-largest economy a beneficiary of as much as $40 billion of inflows during the next 18 months, according to Goldman Sachs Group Inc.
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