Trends Financial News

Sukhvinder Singh Sukhu's wife, Kamlesh Thakur, on Saturday won the Dehra assembly seat, beating her nearest rival and BJP candidate Hoshiyar Singh with a margin of over 9000 votes, according to Election Commission. «The party leaders and workers worked day and night for this day… I will give all credit to the people who stood by the party throughout… I am proud of the people of Dehra,» said Kamlesh Thakur after winning the bypolls. Read More: Rupauli bypoll results: Who is independent candidate Shankar Singh leading over JD(U)'s Kaladhar Prasad Mandal

On Thursday, the government issues a report on consumer prices in June and Delta Air Lines releases its second-quarter earnings

Jubilant Foodworks Ltd. traded 0.51 per cent up at Rs 570.4 at around 01:54PM (IST) on Friday. The stock had closed at Rs 567.5 in the previous session. Equity benchmark Sensex traded 324.13 points lower at 79725.54 around the same time.

Singapore investor Temasek expects India's growth to remain firm over the next two years, driven by infrastructure-led capital expenditure, and a recovery in private consumption.Temasek on Tuesday reported an SGD 7 billion rise in its Net Portfolio Value (NPV) to SGD 389 billion for the financial year ended March 31, 2024, mainly driven by gains to the US and India investments. India has continued to see strong economic momentum alongside improving macro and political stability, the company said in a statement.

Sanlu milk scandal? China was rocked by this scandal when about more than 300,000 children fell sick and at least six of them died after drinking powdered milk contaminated with high levels of the industrial chemical melamine. A similar incident has been reported in this country once again. State-run 'Beijing News' has reported that tankers used for carrying fuel allegedly carried food products, like cooking oil and syrup. Besides, these were not decontaminated before using his way. The Chinese government has launched a probe into the allegations.

Bitcoin has been experiencing a volatile period marked by major price fluctuations. Amid this market fluctuation, Japanese investment firm Metaplanet has made headlines with its recent acquisition of $2.4 million in Bitcoin .

Players of the viral Telegram crypto game Hamster Kombat have been driving a surge in sales of massage guns, which are used to enhance their gameplay by amplifying their screen-tapping abilities.

BEIJING — China's yearslong effort to develop robotaxis is starting to gain traction with consumers — but it's also rattling taxi drivers worried about losing their jobs as a result of increasing competition.

Sellers are streaming back into the housing market, inflating inventories in Canada’s biggest cities and handing more bargaining power to potential buyers.

As one of the fastest growing cryptos Solana (SOL) has got everyone’s attention. The Solana price has seen significant growth since its inception. The current price and market cap fluctuate based on various factors, including trading volume, network upgrades, and broader market trends.

Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660. Overall, the Indian equity market is likely to remain positive in the coming week as well, supported by strong Q1 updates.

consumer behaviour, presenting a wealth of opportunities for investors. Consider the automotive industry: 60% of car registrations in India in FY24 have been SUVs, highlighting a preference for higher-end vehicles offering status and comfort. In the two-wheeler segment, growth is driven by demand for power bikes Similarly, metropolitan real estate markets, particularly in Mumbai, NCR, Bangalore, and Chennai show a rise in demand for luxury properties India's luxury housing market is thriving, as it recorded a 10 per cent year-on-year (Y-o-Y) growth in sales during the first quarter (Q1) of 2024.

pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget. “If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices higher this week,” says Anand James, Chief Market Strategist, Geojit Financial Services.

«The EBITDA margins have been historically around 9%. It came down consequent to COVID to around 7% and after that the increase in the material cost especially glass bottles and ENA,» says Ramakrishnan Ramaswamy, CFO, Allied Blenders & Distillers. Yes, we have seen the good listing coming in. Growth outlook for the industry is strong. So, what kind of revenue are you expecting as well as the EBITDA growth that you are pencilling in over the next two to three years? Ramakrishnan Ramaswamy: The growth expectation of the industry is around 9% and we would be in line with that, especially on the mass premium and on the other segment. So, we would be mid-teens on the premium segment and low-teens on the mass premium segment.

Siemens Ltd. traded at Rs 7751.1 on BSE at 12:02PM (IST) on Wednesday, down 0.08 per cent from previous close. The stock quoted a 52-week low price of Rs 3248.0 and a high of Rs 7964.0.

The report, based on insights from Farmley, highlights that younger Indians, particularly Millennials and Gen Z, are balancing bold flavors with healthy options. The data reveals a trend towards fiery Peri Peri flavours among 44 percent of younger Indians, while older generations prefer classic black pepper. Surprisingly, the Achaari flavour, despite being tailored for Indian tastes, has not gained significant traction across all age groups. The love for chocolate remains strong across all generations, with 65 percent of Gen Z, 63 percent of Millennials, 46 percent of Gen X, and 40 percent of Boomers identifying it as their preferred sweet treat. Mango follows closely, favored by 50 percent of Millennials, 41 percent of Gen X, 40 percent of Gen Z, and 30 percent of Boomers. Vanilla also holds a cherished spot as a dessert favorite, with 42 percent of Millennials, 38 percent of Gen Z, 35 percent of Gen X, and 31 percent of Boomers appreciating its comforting sweetness.

India’s recent inclusion in JPMorgan's Emerging Market Bond Index (EMBI) marks a significant milestone for our country's financial markets. As someone who has long anticipated this development, I believe it presents a compelling opportunity for fixed income investors to capitalise on the changing landscape. This move is not just another headline—it’s a fundamental shift that will reshape India's position in the global financial ecosystem.

The meme coin market is captivating and dynamic, with trends changing rapidly every market cycle. Initially, with the popularity of Dogecoin and Shiba Inu, the community focus was largely on animal-themed meme coins. This trend is now shifting to product-based coins, where new and engaging concepts quickly gain traction. The recent success of tokens like WATER and BEER showcases the dynamic nature of this market segment.

Yemen’s Houthi rebels conducted the largest number of attacks on commercial ships so far in 2024 in June, fresh proof that the group’s threat to trade intensified in recent weeks. There were 16 confirmed attacks on ships in June, according to figures published by the naval forces operating in the region. That’s the most for any single month in 2024, and was only eclipsed in December when more vessels were still sailing through the region. Separate figures published by the Washington Institute show a similar trend. Attacks by the Houthis ramped up in June, having shown signs of diminishing in the preceding months. The incidents included the second confirmed sinking of a vessel, as well as the first successful attack with a seaborne drone. The attacks are helping to contribute to the second-largest increase in a gauge of global sea transport on record as vessels sail thousands of miles extra around Africa.

Adani Power Ltd. gained 5.11 per cent to Rs 733.65 in Tuesday's trade. It hit a high of Rs 745.0 and low of Rs 696.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 542.15, while the 50-DMA was at Rs 693.57. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

inflation landscape exhibited spatial variability in June 2024, with 12 out of 22 states reporting inflation rates exceeding the national average of 5.1 per cent, according to SBI research. Odisha recorded the highest inflation at 7.22 per cent, followed closely by Bihar at 6.37 per cent and Karnataka at 5.98 per cent. This divergence highlights regional economic disparities as the country grapples with rising prices. Concurrently, the Index of Industrial Production (IIP) surged to a seven-month high of 5.9 per cent in May, reflecting robust growth in mining (5.9 per cent), manufacturing (4.6 per cent), and a remarkable increase in electricity production (13.7 per cent).