Japan Financial News

Indonesia is in discussions with Australia about a possible joint bid to host the 2034 World Cup along with Malaysia and Singapore, the president of the country's football federation (PSSI) said on Wednesday. World football's governing body FIFA invited member associations from Asia and Oceania to bid for the rights to the 2034 edition last week. «We are discussing (a bid) with Australia,» PSSI President Erick Thohir was quoted as saying by the Sydney Morning Herald. «When I visited Malaysia and Singapore both countries expressed interest to join Indonesia and Australia.» When asked for comment on a possible joint bid, Football Australia referred Reuters to a statement last week that said it was «exploring the possibility of bidding for the 2029 FIFA Club World Cup and/or the FIFA World Cup 2034». The PSSI has not responded to a Reuters request for comment. After announcing Spain, Morocco and Portugal would host the 2030 World Cup, with Uruguay, Paraguay and Argentina staging the opening games, FIFA invited Asia and Oceania to bid for 2034. Saudi Arabia quickly announced its intention to bid for the hosting rights and FIFA have set a deadline of Oct. 31 for other interested parties to make their intentions known. With Qatar having hosted the 2022 edition, Thohir said it might be too soon for the World Cup to return to the Middle East. «We are quite strong,» he said.

Listed telco Telstra has agreed terms to buy cloud services business Versent for $267.5 million, afterseeing off rival bidder Japan’s NTT as flagged by Street Talk on Monday.

Nifty 50 closed 178 points, or 0.91%, higher at 19,689.85 and the Sensex ended the day at 66,079.36, up 567 points, or 0.87%. “A lot of stock specific action would be seen over the next 45 days as the earnings get declared. On the index front, Nifty might continue with its consolidation with bouts of volatility as it would track the geo-political development, US bond yields and oil prices amidst result announcements," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

MUMBAI : Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. A person aware of the transaction said the investment valued the company, the insurance unit of used-car platform CarDekho, at around $600 million. While a large part of the funding round is equity, a small portion has been raised via debt, the company said.

Love him or hate him, when Arthur Hayes speaks, people listen. 

Tokyo International Film Festival’s Lifetime Achievement Award in «recognition of his extraordinary career and long-standing contributions to the film industry.» He will be presented with the honor at the Tokyo festival’s opening ceremony on October 23. Zhang Yimou will take part in a special talk session at the TIFF Lounge, a panel series by noted Japanese auteur Hirokazu Kore-eda.

Google may have tasted success in Japan, becoming the country's top smartphone player by market share and beating Apple in the process. But experts say replicating the same in India with its new smartphones would be a tough task for the US internet major despite a premiumisation wave in the local smartphone market.

This makes NAVF the second largest trust in the AIC Japanese Smaller Companies sector, trailing only Baillie Gifford Shin Nippon, which holds £522m in assets.

Russia was defeated in its bid to regain a seat in the United Nations premiere human rights body by a significant majority in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. Russia competed against Albania and Bulgaria for two seats on the Geneva-based Human Rights Council representing the East European regional group. In the secret ballot vote, Bulgaria got 160 votes, Albania got 123 votes and Russia just 83 votes.

Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.

₹2,419 crore, with sales of ₹34,516 crore, exports of ₹7,600 crore, and over 17,753 jobs generated. In 2022, when the scheme was rolled out, the government had approved of 42 companies with investments of ₹4,115 crore to avail the scheme which offered incentives on expected sales of ₹2.45 trillion and employment for over 44,000 people over a six-year period ending FY26.

₹6,49,900. This pricing is a limited-time offer and applies to all bookings made before November 10, 2023. To secure a booking, customers will need to deposit ₹11,000.

Key Takeaways

Victorian Energy Minister Lily D’Ambrosio has challenged Japanese investors to prove they can capture the carbon they plan to liberate from La Trobe Valley coal when making hydrogen, amid urging of her government to embrace billions of funding supporting the project.

The Albanese government will adopt a new definition for “critical minerals” influenced by the needs of Australia’s defence and trade partners, in a move that could drive domestically abundant commodities such as coking coal, bauxite and iron ore onto the list.

Nifty 50 closed at 19,512.35, down 141 points, or 0.72% and the Sensex ended the day with a loss of 483 points, or 0.73%, at 65,512.39. “In the near term, we expect markets to remain volatile amid geopolitical stress and inflationary pressure ahead of CPI data to be released by the US, Europe, and China later during the week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Global markets today: Oil prices jump, investors shun stocks Here are key global cues from Sensex today: Asian markets traded higher on Tuesday following overnight gains on Wall Street.

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

October 9, 2023

By Jamie McGeever

1. Kishore Kumar Jena Javelin | Medal: Silver | Age: 28 | Place: Puri, Odisha A year earlier, Jena had thrown 78m at the National Games. In Hangzhou, he threw 87.54m to win silver behind Neeraj Chopra.

₹1.25 trillion by 2030-31 to develop 10-11 new models, including six electric vehicles (EVs), and double its annual production to 4 million units. In a presentation, the country’s largest carmaker said it plans to dial up its presence in new vehicle segments, including hybrid, flex fuel and electric, particularly in the sport utility vehicle (SUV) format. The company said it expects EVs to make up 15-20% of its sales by 2030-31.