Track Financial News
14.09 / 04:33
Target
Manufacturing
Apple
Enterprise
Oscar
Celebrity
track
Apple’s climate claims deserve scrutiny
Apple Inc.’s true specialty isn’t consumer technology. It’s marketing. Few other enterprises in human history have managed to efficiently separate people from their money at such scale. So when this marketing juggernaut turns its prowess to selling its own green credentials, you should expect nothing less than, say, Oscar winner Octavia Spencer playing Mother Nature in a slick viral video. But the credibility of Apple’s environmental claims is a little fuzzier than the razzle-dazzle would have you believe. Tuesday’s Apple Event, the company’s annual celebration of mass consumerism, featured not only Spencer’s Mother Nature but a barrage of promises about all the ways Apple is looking out for her:
14.09 / 03:59
SoftBank
NIFTY
show
performer
track
surges
Asian stocks
Asian stocks edge higher as inflation dust settles, Japan surges
Investing.com-- Most Asian stocks rose slightly on Thursday, tracking some strength in Wall Street as markets bet that a recent rise in U.S. inflation will prove insufficient in eliciting more interest rate hikes from the Federal Reserve.
14.09 / 01:48
Lowe's
Celebrity
show
track
Low
US Recession Risk Remains Low - For Now
Some analysts who favor one or two indicators to forecast US recessions have had a rough year. The reliance on a generally robust predictor may yet prove its worth in the months ahead. But so far the months-long calls by some pundits that recession is near have been wrong, or at least premature.
14.09 / 00:41
Digital
CEO
awards
love
track
ET Startup Awards 2023: What the jury said about winners and nominees
Uday Kotak, founder and director, Kotak Mahindra Bank: “Entrepreneurship defines India and Indians. I’m very proud to see the flourishing of Indian entrepreneurship…I congratulate The Economic Times for having created this whole process about nearly ten years ago. I want to thank each of jury members for their great insights and free flowing discussions for us to come to a better and more appropriate thinking process for choosing winners out of very high-quality companies and entrepreneurs. I’m happy with the outcomes that we have achieved today.”
14.09 / 00:41
UPS
IPO
Digital
Software
awards
track
ET Startup Awards 2023: Jishnu Bhattacharjee bags Midas Touch award for best investor
Arriving at a decision was difficult in the backdrop of a year which has been fraught with challenges for the venture capital industry as valuations and fundraising saw a major hit. Exits became scarce and the IPO market dried up.
13.09 / 23:41
Digital
VISA
Action
HSBC
track
network
UK to test Regulated Liability Network concept for retail payments
The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follows a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.
13.09 / 19:51
UPS
VISA
track
country
‘Indian tourists to S. Africa could soar with direct flights’
Indian tourists annually before the pandemic, South African Tourism anticipates a large resurgence in Indian travellers due to a new e-visa pilot programme. Neliswa Nkani, hub head for the Middle East, India, Southeast Asia, and Australasia (MEISA) for the tourism board, said the introduction of a direct flight by Air India could boost tourism, potentially transforming how Indians travel to South Africa. Nearly 100,000 Indians travelled to South Africa every year before the pandemic began in 2019.
13.09 / 19:25
COST
UPS
Platform
track
Renewables
Lazard tries new owners for fit at renewables platform Tetris Energy
Melbourne-headquartered renewables player Tetris Energy is looking to offload 100 per cent of its 3.4 gigawatts early-stage development platform, telling potential buyers its platform is the kind that would rarely come up for sale in future after the recent year’s deal-making frenzy.
13.09 / 18:27
UPS
Dash
track
country
Uranium
Nukes Are Back, but Uranium Is in Short Supply
A renaissance for the nuclear-power industry has run into a problem: Prices have soared for the radioactive uranium required to fuel reactors in the decades ahead. New reactors have connected to the grid in the U.S., Asia and Europe, while the lifetime of existing plants has been extended. Japan is bringing power stations that were closed after the 2011 Fukushima disaster back online.
13.09 / 18:09
UPS
FIVE
show
track
country
Oil rally pauses as U.S. crude stockpiles jump; output at new 3-year high
Investing.com — The oil rally hit a bump on Wednesday as U.S. oil production hit new three-year highs last week and a weekly reading for crude stockpiles rose for the first time in five weeks as the peak summer driving season drew to a close.
13.09 / 17:35
UPS
Gap
awards
track
social
Caspian Debt chosen as 2X Flagship Fund committed to investing with gender lens
start-ups, has been awarded the 2X Flagship Fund status by the 2X Flagship Fund Committee. Caspian Debt’s candidature was proposed by its existing investors Nederlandse Financieringsmaatschappij Voor Ontwikkelingslanden N.V. (FMO) and United States International Development Finance Corporation (DFC), based on its three-year track record of exceeding the investment commitments to 2X qualified companies, as well as on the gender diversity of its team.
13.09 / 16:57
UPS
performer
stage
track
country
NMDC’s sales volume on track, but the problem is ore prices
₹4,915 per tonne. The last price revision by the company was in mid-August, which was a cut in lump ore and fines price by 6-7% to ₹4,650 per tonne and ₹3,910 per tonne, respectively. For iron ore prices to see a meaningful upside movement, the demand for steel needs to rise adequately.
13.09 / 16:18
13.09 / 16:17
13.09 / 16:17
Provident
track
country
Sri Lanka deploys troops as the railway workers' strike worsens
Sri Lanka's government has deployed army troops at railroad stations as railway employees continued with their strike
13.09 / 16:17
Microsoft
CEO
Adobe
Tesla
track
social
Senators
Tech titans are giving senators advice on artificial intelligence in a closed-door forum
Senate Majority Leader Chuck Schumer has been talking for months about trying to pass bipartisan legislation that encourages the rapid development of artificial intelligence and mitigates its biggest risks
13.09 / 16:17
13.09 / 16:11
UPS
Target
Manufacturing
Tesla
track
country
Tesla looking to source $1.7-1.9 bln worth of auto parts from India this year: Piyush Goyal
Tesla is looking to nearly double the value of components it sources from the country in the ongoing financial year, ahead of its much-awaited foray into the Indian market. Minister for commerce & industry Piyush Goyal said Tesla was looking to source $1.7-1.9 billion worth of auto parts from India this year, up from $ 1 billion in FY23. “Tesla already last year bought $1 billion of components I think…this year the target is $1.7 or 1.9 billion”, Goyal said at the 63rd Annual Convention of Automotive Component Manufacturers’ Association (ACMA). Goyal added going forward there will be a natural shift to electrification in the automobile industry driven by an economic story.
13.09 / 15:35
COP
track
Two Army officers, cop killed in gunfight with terrorists in J&K's Anantnag; encounter underway
An Indian Army Colonel, a Major and a police official have lost their lives in an encounter that broke out between security forces and terrorists in Anantnag district of Jammu and Kashmir on Wednesday, ANI reported. The encounter broke out between security forces and terrorists hiding in the Kokernag area of Anantnag district, a police official told the news agency "An Indian Army Colonel commanding a Rashtriya Rifles Unit along with a Major have lost their lives in an encounter in Anantnag with terrorists in Kashmir. The off-vet was commanding 19 RR," ANI cited Indian Army officials.
13.09 / 15:17
UPS
FIVE
show
track
country
U.S. crude oil stocks up 4M Bbls, first climb in 5 weeks; fuels surge too - EIA
Investing.com — U.S. crude oil stockpiles jumped nearly 4 million barrels in the just-ended week, the first surge in five weeks, and fuel inventories rose by as much or more, indicating lower demand as the peak summer driving season drew to a close, the government reported on Wednesday.
13.09 / 14:07
Provident
Digital
Platform
Assurant
Matrix
track
Investment Opportunities
Stable Money: Platform providing digital fixed-return investment opportunities launched
Stable Money, an online marketplace providing fixed-income investment opportunities to investors was launched and is now ready for customers to download, said the company through its press release on Wednesday. The digital platform compares FD interest rates from over 200 banks, enabling customers to manage and track their FDs using digital tools. Stable Money, which recently secured funding from Matrix and Lightspeed, has on-boarded quite a few partner banks and NBFCs, such as Utkarsh Small Finance Bank, Shivalik Small Finance Bank, Shriram Finance Limited, among others, to offer their fixed-income products, said the press release. The company, while launching the platform, introduced a set of new features such as Break FD, FD Laddering and Switch FD. 'Break FD' offers investors to access funds before maturity without returns. Next is 'FD Laddering' which will guide investors to maintain a balanced portfolio by considering both liquidity and returns.
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