Track Financial News

By Shariq Khan and Laura Sanicola

“The Nifty was ~18400 in Oct 2021 and is now up just 20% from those levels and largely tracking earnings. One can hardly call that a bubble,” says Harendra Kumar, Managing Director, Head-Institutional Equities & Global Research, Elara Securities India. In an interview with ETMarkets, Kumar who has over 20 years of experience in financial markets said: “New age internet companies, Real Estate, financiers and wealth managers – will see a good decadal rally,” Edited excerpts: We have seen quite a bit of volatility in markets post-budget but the good news is that Nifty managed to hold on to crucial support levels. What is your take on markets – is it profit-taking after the recent run-up? Harendra Kumar: For the headline index – we see no risk, as there has been hardly price appreciation in the headline index.

Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder Joe Tsai told CNBC's Emily Tan in an exclusive interview Friday.

Acer, known for its laptops and PCs, is expanding into home electronics, with plans to manufacture and export appliances such as water and air purifiers, refrigerators and vacuum cleaners from India, a market that last year became the Taiwanese IT hardware major's second largest for its global operations after the US. Harish Kohli, managing director, Acer India, told ET that the company is already on track to meet the targets for the first year of the revised production-linked incentive (PLI) scheme that started from April 2023 on the back of strong shipments in the commercial space and exports. Under plans to diversify its business in one of the only markets that saw growth-revenue rose 19-20% on-year-in 2023, Kohli said a company named AcerPure is being formed under which the laptop-maker will be selling consumer appliances. AcerPure «will get registered in the next couple of weeks in India and we are going to be a very strong player».

Here is your Pro preview of the upcoming major earnings reports next week: Salesforce, eBay, Zoom, and Weekday.

Mann Ki Baat'. Mann ki Baat won't be broadcast for the next three months in view of the upcoming Lok Sabha polls, the PM announced. He appealed to first-time voters to exercise their franchise in record numbers.

Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing

“How will the internet operate without cookies?” “When are they going?” “Which ones are getting eliminated?” For the last six months, Rinku Ghosh has been fielding queries like these from clients panicking about the phasing out of third-party cookies. Ghosh is the COO of Lemnisk, a Bengaluru-based customer data platform. In her line of work, a cookie isn’t a sweet treat; it is a text file spawned by a web browser when a user visits a site, capturing their login details, preferences and browsing history.

₹1,699 crore exposure to global chipmaker Nvidia, which became the world’s fourth largest company by market capitalization after its quarterly earnings beat analyst expectations. The stock clocked one-day gains of 16% on Thursday, driven by optimism around artificial intelligence (AI), as Nvidia’s chips play a crucial role in developing AI models. According to Fisdom estimates, Motilal Oswal MF had ₹439 crore exposure to Nvidia.

logistics industry today has a wide range of job opportunities. These roles are in numerous sectors and aimed to ensure smooth supply chain management, and prompt and safe delivery. For those looking to enter this field, here is a look at the in-demand skills, the kind of courses to pursue, and other details that can help them build a successful career and thrive in this industry.

Emphasising an ecosystem approach for value chain resilience, the report highlights India's ascendancy in the global electronics market, particularly in mobile phones, consumer electronics, IT hardware, and electronic components, which account for over 70% of the nation’s domestic manufacturing output. Sanjeev Krishan, Chairperson, PwC in India said,As the global landscape evolves, India stands at a pivotal juncture to redefine its role in the global electronics supply chain. Through strategic collaboration, innovation, and conducive policy environment that focuses on inclusive growth, India can seize the immense opportunities ahead to become a resilient and competitive electronics manufacturing powerhouse."

Associated Press, citing NORAD spokesperson John Cornelio, NORAD sent fighter pilots to probe and noted that it "did not pose any threat to the national security". However, there has been an increase in attention drawn to sightings of balloons traversing the United States following the military's interception and destruction of a Chinese surveillance balloon that traversed a significant portion of the nation last year.

Los Angeles Lakers will be hosting San Antonio Spurs at Crypto.com Arena on Friday. Bother sides have lost their previous matches. Spurs lost to Sacramento Kings and La Lakers were defeated by Golden State Warriors. NBA game between La Lakers and San Antonio Spurs will tip off at 10.30 pm (ET). The game will live streamed on fuboTV.

Credit card interest rates have ballooned to record highs in recent years — and the growing portion of the formula that generates profit for card issuers is partly to blame, according to a new analysis by the Consumer Financial Protection Bureau.

(Reuters) -New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates «later this year,» despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios.

By Herbert Lash and Huw Jones

By Akash Sriram and Harshita Mary Varghese

By Karen Brettell

Shares of Carvana surged nearly 40% on Friday after the used-car retailer posted its first annual profit, in a sharp turnaround powered by cost cuts and a debt-reduction deal with bondholders. The company's shares are on track to close at a year high if gains hold, but still far from their all-time peak of $376.83 in 2021.

Investing.com — The U.S. dollar steadied in early European trade Friday, as traders balanced elevated risk sentiment with hawkish signals from the Federal Reserve which cast more doubts over the likelihood of early U.S. rate cuts.