Track Financial News

global market to the latest Hypermotard 698 Mono. According to the manufacturer, this versatile motorcycle is designed for both city commuting and track performance. Ducati has not yet provided confirmation regarding the Hypermotard 698 Mono's potential availability in the Indian market.

financial services company, recently launched the SKG India Value Fund. This marks SKG’s strategic shift towards asset management, placing a strong emphasis on serving the small and medium-sized enterprise (SME) sector.

Vladimir Putin said on Friday that some Western weapons supplied to Ukraine were finding their way to the Middle East through the illegal arms market and being sold to the Taliban. «Now they say: weapons are getting into the Middle East from Ukraine. Well of course they are because they are being sold,» Putin said.

Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF, an open-ended exchange-traded fund replicating/tracking the domestic prices of gold.

Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening of a window where it’s going to be a really good time to get invested,” Andy Budden, investment director for equities at the $2.3 trillion manager said at a briefing in Singapore.Stocks and bonds extended gains in a relief rally Thursday on hopes the Fed is nearing the end of its historic tightening campaign. Worries over higher borrowing costs have sparked a global rout this year, with emerging markets seeing a selloff in risk assets amid a stronger dollar.Capital Group is now advising clients to “have the courage to act,” portfolio manager Winnie Kwan said at the same briefing.

Hunger Games prequel, «The Ballad Of Songbirds And Snakes,» as she contributes a track to the film's soundtrack. Rodrigo wrote the song «Can't Catch Me Now» for the prequel. The cast of the movie includes Rachel Zegler, Tom Blyth, Viola Davis, and Peter Dinklage. The song is 3 minutes and 25 seconds long. The prequel, set years before the events of the initial four Hunger Games movies, will offer audiences a fresh perspective on the dystopian world of Panem.

Jungkook’s much-awaited solo album ‘Golden’ is finally here! The K-pop sensation dropped the music video for the title track of the album ‘Standing Next To You’ in the early hours of Friday morning. Within hours of premiering on YouTube, the romantic song gained over 4.5 million views (and counting!)

Karan Taurani, Senior VP, Elara Securities, says on profitability, Zomato has maintained 2.5% kind of a range. They have been guiding for 4% to 5% EBITDA as a percentage of GOV. They are very much well on track for that. In the last two quarters, we saw significant improvement in EBITDA as a percentage of GOV. But, of course, that kind of momentum may not happen in every quarter. So, it has come to a more of a steady state or a phased manner. ” What do you make of the commentary? Is this a bit more muted or the management is being a bit more conservative, you believe? If you look at the growth numbers, it is largely in line, 20% growth on GOV is a mild positive surprise on the food business on a YoY basis. The adjusted revenue has grown 22%, so that positive surprise has been offset by this, clearly because generally what happens is the outperformance of the adjusted revenue is somewhere close to 1.2 to 1.3 times in terms of growth versus the GOV growth, so that is one.

Investing.com — The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. 

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By Jeslyn Lerh

Investing.com-- Most Asian stocks rose sharply on Friday, encouraged by strength on Wall Street and increased bets that the Federal Reserve was done with its run of interest rate hikes, although focus still remained on key U.S. payrolls data due later in the day.

rupee depreciated 4 paise to 83.26 against the US dollar in the morning session on Friday, tracking a strong American currency overseas and sustained foreign fund outflows. Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “probably a large part of the PSU rally is already in the price. One has got to be more selective here, especially with banks, because you will see some pressure on NIMS. There is some concern on unsecured lending by RBI and in PSU banks you can have some negative surprises, which can rekindle the previous experience people have. If given a choice, I would prefer to be with SBI, Bank of Baroda, if I go a notch down, maybe Canara Bank.” A slew of earnings has attracted all the attention. Is there anything that has got your attention? If you remove IT and chemicals, it has been a pretty good earning season. In fact, even including them, the median earnings has been upwards of 18% as far as the larger universe we track is concerned which also points to a decent growth momentum in the economy. The RBI governor also highlighted that Q2 GDP could surprise positively. The domestic oriented consumption theme is clearly standing out. Among capital goods stocks, L&T was a standout result. What it tells us is that not only is the domestic investment cycle upticking, the Middle East is now meaningfully contributing as oil inches higher and the countries start investing in renewable energy.

About 500 gigawatts of renewable generation capacity will be added this year, according to the International Energy Agency, and at least $1 billion a day is being spent on new solar additions alone. Yet companies in the sector are being squeezed by volatile costs, snarled projects, high interest rates and — in the solar sector — a rush to add new capacity that’s overwhelmed demand. Xinjiang Goldwind Science and Technology Co., the No. 1 wind turbine maker, just reported a 98% slump in third-quarter profits.

In the great year of the startup reset, India's startup narrative thrives on tenacity and innovation. Under the overarching theme of 'Resilience.

Oil prices were little changed on Friday, heading for their second straight week of losses as the U.S. central bank left the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply eased. Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S.

By Ankur Banerjee

As the jury begins deliberations in the trial against Sam Bankman-Fried, questions remain over what impact the verdict will have on the crypto industry as a whole. Here’s what to expect going forward.

Canada is on track to spend slightly more on health care in 2023 than last year, but overall trends show spending will continue to slow following the COVID-19 pandemic, a new report by the Canadian Institute for Health Information (CIHI) shows.

Barrons senior writer Al Root discusses the United Auto Workers strike as the union plans to unionize other automakers.