Track Financial News

By Jonathan Stempel

Toyota Motor Corp is on track for record annual sales in India, a senior executive told Reuters, as its partnership with Suzuki Motor, which has a portfolio of affordable cars, attracts a new set of buyers. Toyota sold over 160,000 cars in India last year and had sold close to 150,000 by the end of August this year, Atul Sood, vice president of sales told Reuters. «We are confident of closing this calendar year with our best ever performance and setting a new benchmark,» Sood said. Toyota's India business has been the biggest beneficiary of its global partnership with Suzuki which allows the two Japanese carmakers to share technology and vehicles.

Wells Fargo is making it easier – and cheaper – for DIY investors to buy their favourite company.

Nifty hit their fresh record highs on Friday, September 15, on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra. Market sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival.

leadership role, Rathi will lead product, design, growth and marketing at the neo-bank and will closely with Jupiter founder Jitendra Gupta. “Having someone of Anuj’s pedigree, experience and track record will be an invaluable asset to Jupiter as we continue to double down on our mission of enabling financial wellness for millions of Indians.

HDFC Bank, TCS and Mahindra and Mahindra, as sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival. “Fresh data showed Chinese gauges of retail sales and industrial output for August topped economists' expectations," reported Reuters. Besides, expectations are getting stronger that major central banks of the world will end their monetary tightening campaign considering the impact of hikes so far on the economy.

climate activists around the world are set to march, chant and protest Friday to call for an end to the burning of planet-warming fossil fuels as the globe suffers dramatic weather extremes and record-breaking heat. The strike — driven by several mostly youth-led, local and global climate groups and organizations, including Greta Thunberg's Fridays for Future movement — will take place in dozens of countries and in hundreds of cities worldwide and continue through the weekend. A week before the planned protest, the United Nations warned that countries are way off track to curb warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times, as agreed in Paris in 2015.

In a remarkable turnaround story, Tulip Infratech, a real estate company headquartered in Gurgaon, has been making headlines for its exceptional progress on the transformative Tulip Monsella project, known as one of the tallest residential projects in the millennium city.

By Elizabeth Howcroft

By Marie Mannes

Investing.com — The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank's latest meeting signaled the rate hike will be its last. 

By Bansari Mayur Kamdar

Belt and Road Initiative (BRI), the scheme’s official name in English, as a gift to the world that has created huge economic benefits. China claims that 420,000 jobs have been created in BRI countries and 40m people lifted out of poverty thanks to BRI-generated growth. America, and many of its allies, see the BRI as far less benign: a political tool aimed at stifling foreign criticism of Mr Xi’s iron-fisted rule and providing a leg-up for his country’s firms that has saddled countries with crippling debt.

Israeli Prime Minister Benjamin Netanyahu's office says he will meet billionaire businessman Elon Musk during a trip to the United States next week

Federal Energy Minister Chris Bowen says electric planes will be in the skies and a green hydrogen industry will be up and running by the end of the decade, as Australia charts its course to net zero carbon emissions by 2050.

steel sector is favourable despite the fact that anaemic growth in some of the world’s largest steel-consuming economies could impact prices, thanks to the government’s accelerated spending on infrastructure over the last few months, analysts said. Steel finds the maximum consumption in the infrastructure space. With the Centre spending nearly a third of its budgeted funds on big-ticket infrastructure projects, demand for steel grew 13% year on year between April and July. The government’s spending in this period is around 6 percentage points higher than the average of 26% it has spent in these months over the last four years, Crisil Market Intelligence said in a note. Demand for steel, consequently, is seen growing in doubledigits for the third consecutive year in the current fiscal, rating agencies ICRA and Crisil said. This heightened demand for steel is not only seen absorbing the additional steel capacities that will come on board in the domestic market but will also shield prices from the weak pricing trends in the global market. The government has increased its outlay for spending on infrastructure by around 33% to ₹10 lakh crore for FY24.

Tata Motors Ltd on Thursday said it will continue to produce diesel cars as long as customers demand and regulations permit while it accelerates the shift towards electric vehicles. “We have shown the biggest commitment to what the government wants i.e., EVs. It is unfortunate that people are asking questions on diesel and not asking manufacturers who are not moving to EVs but we are asking questions on what about diesel.

solar power and electric vehicles this year is smashing the forecasts of the most bullish analysts, giving hope they are on the net-zero path the world needs. If only the same could be said of other forms of clean energy. Take photovoltaic panels. Solar modules last month hit a record low 16.5 cents per watt, according to BloombergNEF, and will slump further to 14.5 cents by the end of the year.

mental health, brokerage firm Zerodha's founder Nithin Kamath has shared tips to cut down this addiction and live a more peaceful life. Since the arrival of apps like Facebook, Twitter, Instagram, and Snapchat, the urge to receive 'maximum' likes and 'positive' comments has become a big distraction in everyday life. Besides, the constant need for dopamine hits from likes and shares triggers to post things even when there is nothing to share.

Gold prices were on track for their second straight weekly decline on Friday as U.S. inflation readings for August reinforced market bets for further rate hikes by the Federal Reserve after a likely rate pause next week. FUNDAMENTALS Spot gold was steady at $1,910.85 per ounce by 0100 GMT. Bullion was on track for a weekly decline of 0.4% after having touched its lowest level since Aug.

Oil prices rose to their highest level in 10 months on Friday, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.6% at $90.74.