Lowe's Financial News

Tube Investments of India Ltd. gained 1.36 per cent to Rs 3290.25 in Friday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 204.74 points higher at 66470.3. Earlier in the day, the stock witnessed a gap down start to the session.

Eicher Motors with a target price of Rs 3500. The current market price of Eicher Motors is Rs 3396.05.

Bonus shares 2023: Sunrise Efficient Marketing Ltd shares are in news today as the small-cap company has declared bonus shares in 1:1 ratio and bonus record date has been fixed on 8th September 2023 i.e. today.

rupee depreciated 9 paise to end at its record closing low of 83.21 a dollar. Among other Asian currencies, the offshore Chinese yuan dropped to near 7.36 to the dollar.

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months, another sign that the labor market remains largely unaffected by higher interest rates

tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trade and is down 1.4% for the week.

Asian markets go into the final trading day of the week unable to escape the downbeat mood rooted in worries over high U.S. bond yields, a rampant dollar, China's economic funk and now the potential inflationary impact from spiking oil prices. Brent crude oil is now higher than it was a year ago, the first time since January that year-on-year price changes have been positive.

rain deluged Hong Kong on Friday leading to widespread flooding across the densely packed city, submerging streets, shopping malls and metro stations, as authorities shut schools and asked workers to stay at home. The Chinese special administrative region saw the highest hourly rainfall since records began 140 years ago.Hong Kong Observatory reported rainfall of 158.1 millimetres (6.2 inches) between 11 p.m. HKT on Thursday and midnight on Friday (1500 to 1600 GMT on Thursday). The weather bureau issued the highest «black» rainstorm warning and said more than 200 mm of rainfall was recorded on Hong Kong's main island, Kowloon and the northeastern part of the city's New Territories since Thursday night. The trough of low pressure associated with the remnant of Typhoon Haikui has brought torrential rain to the coast of Guangdong since Thursday, the weather bureau said.

Wealth managers, however, believe investors must have a higher risk appetite and patience as such investment cycles could often take longer than anticipated to play out. Fund managers believe all companies face challenges across their lifecycles. Challenges could come from competition, regulations, or board-related conflicts. During such times, many companies with sound fundamentals could see sharp corrections, which present an entry point for investors as strong companies with sound management will come out of such situations.

By Rae Wee

rupee closed at a record low Thursday as rising crude oil prices sparked concerns about India's inflation and current account deficit, while higher US bond yields kept the dollar firm, weakening global appetite for emerging market currencies. The domestic currency settled at 83.21 per US dollar, an all-time closing low. The previous record closing low was 83.15/$1 on August 17. The rupee, which had closed at 83.14/$1 on Wednesday, has weakened 0.6% versus the US dollar so far in 2023.

ICICI Bank's proposed bid to delist its broking and investment bank arm might face opposition from a section of the shareholders. While some investors think the conditions to delist ICICI Securities do not favour public shareholders, lawyers are raising questions about the capital markets regulator Securities and Exchange Board of India's (Sebi) decision to grant some exemptions from the conventional delisting process. «The minority shareholders of ICICI Securities are being gravely wronged by the delisting, that is, besides being unfair in every sense (valuation, methodology & logic), defies the basic grain of propriety,» said Manu Rishi Gupta, founder of MRG Capital, a Bengaluru-based investment fund, in an open letter.

By Jamie McGeever

(Reuters) — Dallas Federal Reserve Bank President Lorie Logan on Thursday said that while it «could be appropriate» to skip an interest-rate increase at the U.S. central bank's upcoming meeting, more policy tightening will likely be needed to get inflation down to 2% in a timely way.

Investing.com — It was another blowout U.S. inventory report as far as oil bulls were concerned. Yet, crude prices dipped for the first time in 10 days as traders took stock of market direction after a 10% rally in that span.

The financial services industry has a history of furthering inequality — both within the business and the wider public — and that’s something that consumers want it to address.

The sweltering heat wave in Texas has the power grid manager again asking residents to cut electricity use

affordable healthcare to the citizen," said the official, adding that G20 is the platform for such discussions. However, this was already discussed during the G20 health ministers’ meeting held in Gandhinagar last month.

The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale

Bloomberg. The delay in deliveries is most likely to create an issue for Indian aviation firms like Air India and Akasa Air which are waiting for plane deliveries. Chief Financial Officer Brian West said at an investor conference on Thursday that narrowbody handovers will be near the bottom of Boeing’s goal of shipping 400 to 450 of the popular 737 jets this year.

Talks between Chevron and labour unions in Australia are set to drag into Friday — keeping natural gas markets on edge — as unions said a deal to avert strikes is unlikely.