City Tokyo Financial News

Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter

Domestic markets gained for the sixth consecutive week, driven by robust earnings from IT companies. The first quarter earnings will be a key focus this week as numerous heavyweights including Infosys, Reliance, Kotak Mahindra Bank will announce their results. Additionally, analysts said pre-budget discussions are expected to contribute to market volatility.

There are many businessmen who have a stake in India's fast-growing sports industry, but a very few with as varied a portfolio as that of Parth Jindal, founder and director of JSW Sports. A sports aficionado, Jindal says he is into it for a dream — a dream to see India becoming a force in the world of sport. Delhi Capitals may be the shiniest of all assets in his possession, but it is the Inspire Institute of Sport (IIS) in Bellary, Karnataka, that is his favourite. The sprawling 42-acre facility is an example of personal initiative and collective growth. With the help of over 30 corporates, the facility, in just seven years of its existence, has helped produce multiple champions in Olympic sports. Jindal, founder of IIS, spoke with AMIT CHAUDHARY about his vision, the challenges of securing corporate funding, CSR, looking beyond medals, and more. Excerpts: What was the vision when you decided to start this centre? How has that vision evolved over the years? The vision was to be the preeminent high-performance centre in India for Olympic sports, to work at the grassroots level and create Olympians who can win medals for the country across five sports disciplines — boxing, wrestling, judo, track and field and swimming. We started supporting athletes from 2012 and started building this centre in 2014. Obviously our first medal was Sakshi Malik in the 2016 Rio Olympic Games and then Neeraj [Chopra] and Bajrang [Punia] in the 2020 Tokyo Olympics.

Warely is the CEO of the Inspire Institute of Sport (IIS), a privately-funded high-performance centre located in Vijaynagar near the town of Bellary, Karnataka. The orchestra reference was in the context of the management of the IIS. The facility, about a 6-hour drive from Bengaluru, is spread over 42 acres and houses over 250 athletes of various age groups and levels – from 12-year-olds to senior pros. It provides international standard infrastructure for five sporting disciplines — track and field, boxing, wrestling, judo, and newly introduced swimming. All the disciplines are supported by a state-of-the-art sports science centre. There are around 80 members in support staff, including coaches, physiotherapists and data analysts.

Paris 2024 Olympics, with several athletes poised as strong medal contenders. This article provides a comprehensive look at India's top prospects, highlighting their strengths and potential challenges. Neeraj Chopra: Javelin Throw Who: Defending Olympic champion in men's javelin. Strengths: Consistency within the 87-89m range, winning major events.

Japan’s Nikkei 225 benchmark has closed at a fresh record high of 40,913.65, pushing past its most recent record close set in March

IT companies will be in focus as bellwether TCS will report its first quarter earnings. «We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Cristiano Ronaldo is one of the richest sportsmen globally since his stellar career has seen some amazing multi-million dollar transfer deals, including brand endorsements that were worth handsome packages. The former Real Madrid star and ace Portugal national team striker owns villas, brands and much more, which have made his net worth exponential. However, there is a little-known Romanian sportsman, who is richer than even this footballing legend.

Equity markets traded in a narrow range to close with minor gains on Thursday. Analysts said the release of pre-quarterly business updates is giving confidence in healthy Q1 earnings. «We expect this ongoing momentum to continue and the Nifty to consolidate in a broader range. Investors would watch for the US Non-farm payroll and Unemployment Rate,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Hong Kong, Jul 05, 2024 -Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Japan's Nikkei 225 ended flat while the broader Topix index, which a day earlier surpassed its previous peak set in 1989, also shed some of its gains.

Japan has issued its first new banknotes in two decades, yen packed with 3-D hologram technology to fight counterfeiting

US jobs data due Friday for clues on Federal Reserve rate cuts. Tokyo’s Topix index touched another record, before slipping. The moves followed gains for European shares, led by French equities. US stock futures were little changed in Asia after markets were closed Thursday for a holiday.

Domestic markets faced selling pressure for a second straight day on Thursday. However, a recovery in the last hour helped the indices to close flat. «Overall strength is seen in the market as every dip is being bought, supported by strong domestic flows aided by FIIs buying in the last few days,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

record 31.8% of Japanese stocks as of end-March, an industry survey showed on Tuesday, as a joint push by the Tokyo Stock Exchange and government for better corporate governance boosted the market's allure. The proportion rose from 30.1% a year earlier, and was the most since the Japan Exchange Group, which runs the Tokyo bourse, began conducting the survey in 1970.

PTI had earlier reported that Narang was in race to become the CDM of the Indian contingent.Six-time world champion Mary Kom had resigned from the position in April, saying she was left with no choice but to step down owing to compelling personal reasons.

«In the coming week, we expect stock and sector-specific action as the market starts taking cues from Q1FY25 earnings. On the macro front, investors will look out for inflation data that will be released by India, the US, and China,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Japan's Nikkei 225 share index has closed at another record high, gaining 0.6% to close Wednesday at 41,831,99

PV Sindhu and HS Prannoy were on Friday handed easy groups for the Paris Games beginning on July 26. Sindhu, who won the silver medal at the Rio Games and followed that with a bronze in Tokyo Olympics, has been seeded 10th. The World number 13 has been drawn in Group M of the women's singles alongside Kristin Kuuba of Estonia (WR 75) and Maldives' Fathimath Nabaaha Abdul Razzaq. (WR 111). While Sindhu, who is vying for a third Olympic medal, has a relatively easy group, she could face China's sixth seed He Bing Jiao in the round of 16.

Japanese investment firm Metaplanet has announced the acquisition of over 20.2 Bitcoin as part of its ongoing strategy to bolster its BTC holdings.

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones