Share market and trading News

Market direction in the coming week will be influenced by foreign fund flows, investor reactions to IPOs, and geopolitical shifts after the Syrian regime's collapse. Inflation data and the rupee's performance against the dollar will also play a role. These factors will determine if indices continue their winning streak. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ufiqKjz

Indian billionaires' wealth surged 42% to over $905 billion in the last financial year, making India the third largest billionaire base globally. This growth is fueled by family-led businesses, a favorable economic environment, and structural reforms. Globally, billionaire wealth growth has slowed, but India remains an exception, potentially mirroring China's prior growth trajectory. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Qd2AGnP

India's forex reserves rebounded by $1.51 billion to $658.09 billion after an eight-month decline. The Reserve Bank of India's intervention aimed to stabilize the rupee and mitigate global economic shocks. The increase follows a $71 billion drop in 2022, with $58 billion added in 2023. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/P6HDMl3

Taiwan's stock market surges amidst the global AI boom, outpacing South Korea's struggling market. Taiwan's dominance in the semiconductor industry, particularly TSMC's success, fuels this growth. Meanwhile, South Korea grapples with political instability and Samsung's underperformance. Despite looming US tariff threats, Taiwan appears better positioned due to its crucial role in US tech supply chains. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cItvPLf

Mahindra & Mahindra is renaming its electric SUV "BE6e" after IndiGo airlines' parent company, Interglobe, objected to the use of "6E." Mahindra plans to contest Interglobe's objections in court, seeking brand rights for "BE 6e" while Interglobe seeks control over "6E." Mahindra argues that "BE" represents its "born electric" platform and is distinct from IndiGo's airline code. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7Mm3ZC8

Tata Power MD, Praveer Sinha, aims to double profits and boost revenue by 60% by FY30, focusing on renewable energy for half the growth. The company targets 33 GW of green energy capacity by FY30, up from 6.7 GW currently, while expanding transmission and developing pumped hydro projects. Sinha expects profits to reach ₹10,000 crore and revenue ₹1 lakh crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LB7OQJr

Finance Minister Nirmala Sitharaman asserted that the slower second-quarter growth doesn't signal a systemic slowdown, attributing it to reduced public spending during the election season. She anticipates a rebound in the third quarter and maintains India's position as the fastest-growing major economy for the coming years, despite global economic challenges and climate change impacts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q8W0xV1