Trade Financial News

Sugarcane features prominently in Pongal and other Indian festivals at the start of the year. My early memories of Pongal in Chennai are mostly about waiting for the two tall stalks my grandmother tied outside the front door to be chopped up, so we could chew it for the juice.

HanuMan, touted as the first superhero movie in Telugu, is written and directed by Prasanth Varma. The movie stars Teja Sajja in the lead role. The movie was released on January 12.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “We do not buy pharma because it is a defensive. We bought pharma because it is growing. Pharma was not going anywhere in the last seven, eight years, except for the last one year or so. We think that the seven-year cycle is over. We are beginning to see a very interesting trend developing in the segment, both from a US market perspective, as well as the domestic market perspective. We think the underperformance of seven, eight years will catch up. We think that is where big money can be made.” Surprised by what TCS and Infosys have managed to do, just so beaten down in terms of sentiment and even an inline set of numbers or a slight beat is what the Street gets impressed with? Vikas Khemani: I mean, you know that I mean, we have been quite positive on the IT sector for quite some time.

Merry Christmas Box Office Collection Day 2: Merry Christmas, directed by legendary filmmaker Sriram Raghavan, was released on January 12. This happens to be his Tamil debut as the movie was made simultaneously in Hindi and Tamil. The movie collected ₹2.55 crore on its release day.

BSE benchmark jumped 542.3 points or 0.75 per cent, and the Nifty 50 climbed 183.75 points or 0.84 per cent. Nifty 50 is now just 100 points away from crossing another milestone of 22,000. The IT index jumped 5.14 per cent, logging its best session since October 8, 2020, to hit a 21-month high.

Vanguard, one of the world’s leading asset management firms, has secured a substantial stake in MicroStrategy (MSTR), providing investors with indirect exposure to Bitcoin (BTC).

BSE Sensex hit its fresh all-time high of 72,720.96 in the previous session and achieved weekly gain of 0.8 per cent, driven by a sharp rally of information technology (IT) stocks over robust quarterly results. A strengthening rupee and hectic buying on tech, realty and oil counters amid a mixed trend in global markets further bolstered sentiment, according to traders. On the stock-specific front, Wardwizard Innovations, Network18 Media, Suven Life Sciences, Easy Trip Planners, DB Realty, MRPL, Trident, Olectra Greentech, Dish TV, Suzlon Energy, Thomas Cook India, Man Industries, Karnataka Bank, PNB Gilts, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

trade minister said on Saturday. «Ground reports indicate that the crop is quite good and this year's production is expected at a record 114 million metric tons,» Piyush Goyal told reporters. India banned wheat exports in 2022 after output was curtailed due to a heat wave, but more recently overseas sales picked up as Russia's invasion of Ukraine sent global prices to multi-year highs. The government has sold around 6 million metric tons of wheat to local bulk buyers since June. 1, when the state-run Food Corporation of India started selling the grain from its warehouses. Despite selling wheat from its granaries, inventories at state warehouses are likely to remain above the target of 7.46 million metric tons fixed for April 1, when a new marketing year starts, a top government official said earlier this month. The country's wheat stocks at state warehouses stood at 16.47 million metric tons as of Jan.

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India has also flagged its concerns about problems being faced by domestic businesses in getting timely visas for the US and has urged America to fast track the process, an official statement said on Saturday. These concerns were raised during the 14th India-US Trade Policy Forum held in New Delhi on Friday. It was co-chaired by the US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal. “For H1B renewal visas, stamping has begun in the US on a pilot basis and we have asked them to make it permanent and for family members also,” an official told ET, adding that by April, tourist and business visa times to the US are expected to get normalised. The commerce ministry said that the two ministers noted that the movement of professional and skilled workers, students, investors and business visitors between the countries contributes immensely to enhancing bilateral economic and technological partnership.

ministry of labour and employment has reconstituted the central board of trustees (CBT) of the Employees’ Provident Fund Organisation, two months after the tenure of the last board came to an end in November 2023. The CBT is constituted for a period of five years and the last board was notified on November 9, 2018.

Maritime Institute of Technology instructor Capt. James Staples, who has personally responded to pirates, breaks down the Houthi Red Sea attacks on 'The Claman Countdown.'

Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15.

global support for India's permanent membership at the United Nations Security Council (UNSC), External Affairs Minister S Jaishankar said that sometimes things are not given generously and one has to seize it. «With each passing year, the feeling in the world is that India should be there, and I can feel that support...The world does not give things easily and generously; sometimes you have to take them,» the EAM said on a question regarding a permanent seat for India at the UNSC. The EAM was speaking at 'Manthan': Townhall meeting in Maharashtra's Nagpur. Jaishankar then pointed that India which has showed the capability of conducting a successful G20 presidency, that brought out " New Delhi Declaration" despite of diferences within the member nations,will contribute in the UNSC. «If a country has such a capability, such a country in the UNSC can actually contribute as well,» he added. On the relevance of the UN, the EAM said that in many ways, the limitations of the UN are now showing and that the organisation used to be more relevant in the 1950s-60s. United Nations (UN) is getting more and more ineffective in confronting key issues, he said, «The UN used to be more relevant in the 1950s-60s, but as the number of country's grew, it was easier for the permanent members to dominate the smaller countries.

External Affairs Minister S Jaishankar said on Saturday. Diplomacy continues and sometimes solutions to difficult situations do not come in haste, he said while speaking on 'Bharat's Rise in Geopolitics' at an event here, during which he took questions from the audience.

Dividend Stocks: Shares of some companies, including Tata Consultancy Services (TCS), HCL Technologies and few others will others will trade ex-dividend in the coming week, starting from Monday, January 15. Some other companies will also trade ex-bonus, ex-split while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

The S&P 500 finished the day higher by about 60 bps, while the S&P 500 Equal Weighted finished the day higher by just 17 bps. It again shows how the indexes are diverging and returning to their ways of mid-summer and December.

commerce ministry has called a high-level inter-ministerial meeting on January 17 to discuss the way forward on the trade front in the wake of ongoing problems in the Red Sea, a senior official said on Saturday. Senior officials from five ministries — external affairs, defence, shipping and finance (department of financial services) and commerce — will participate in the deliberations. The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis and prepare a strategy so that India's response can be quick and decisive.

no proposal as of now to remove export restrictions on wheat, rice, and sugar. And India will not import wheat and sugar," Piyush Goyal told reporters.

Bitcoin price has experienced a notable decline, trading at $42,825 with a sharp decrease of nearly 7% on Saturday, marking its lowest level in 2024. This downturn comes amidst growing skepticism from Bitcoin’s leadership about its acceptance as a mainstream form of money.