Track Financial News

The Nikkei fell 0.43% to close at 32,467.76 after rising as much as 0.4% earlier in the session. The index initially tracked Wall Street's gains at the end of last week. In an article in the Yomiuri newspaper published over the weekend, BOJ Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target was in sight, signalling possible rate hikes. «The impact was directly reflected in today's market, with financial stocks leading the gains, while real estate stocks were beaten down,» said Takehiko Masuzawa, trading head at Phillip Securities Japan. «But the market was not in a broad sell-off.

Basilic Fly Studio debuted at a robust premium of 179% on the NSE Emerge platform. On listing, the stock rallied further 5% and was locked in upper circuit at Rs 284. The company has priced the issue at Rs 97 at the upper end. The debut of Basilic Fly Studio was on the expected lines, tracking the recent trend of massive listing gains in the SME segment. The Chennai-based VFX studio's Rs 66 crore IPO saw a subscription of 286 times, led by strong demand across categories.

Atul Goyal, CFO, Brigade Enterprises, says “mid-income housing is doing very well. I will say houses in a price range of around Rs 50-60 lakh to Rs 1.5 crore or so. Our luxury housing is also doing well. There is a lot of demand for that. But 62% to 65% of sales today is in mid-income housing and we think that they should do well going forward and there are reasons for that because there is interest there.”Just wanted to get in a view as to what the outlook is when it comes to the festive season fast approaching. What are the expectations this time around as compared to last year?Expectation is very good.

reality. India, as chair of the G20, has sensibly pressed for finding ways to enhance international tax transparency in real estate. The outcome is the Organisation for Economic Cooperation and Development (OECD) outlining a robust framework to track tax evaders using real estate deals to hide their undeclared incomes.

India, Delhi and Riyadh have explored the possibility of offering artist residencies and holding joint training programmes in cultural domains such as film, culinary arts, and visual arts. The two sides have also discussed mechanisms for preserving intangible cultural heritage and historical sites. These programmes will introduce Indians to Saudi culture and vice versa and will foster mutual understanding and collaboration in various fields, Saudi Minister of Culture Prince Bader bin Abdullah bin Mohammed bin Farhan Al Saud told ET’s Dipanjan Roy Chaudhury in an exclusive interview.Q: The Ministry of Culture’s recent participation in the 4th G20 Culture Ministers' Meeting highlighted the importance of cultural cooperation among nations. In what ways has the Kingdom of Saudi Arabia contributed to the G20 Cultural Track?A: The Kingdom’s contributions to the G20 Cultural Track stem from our belief that culture is fundamental to the human experience, as it both expresses and shapes our humanity.

CAMS (Computer Age Management Services) share price has strongly underperformed the equity benchmark Sensex in the last one year but the situation may change now as top brokerage firms believe the stock may see a decent rise from the current levels because of the company's "growing capabilities". In the last one year, the stock has lost nearly a per cent while the Sensex has gained over 11 per cent. The stock witnessed strong traction on Monday.

Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 68340.21 Crore) operating in Auto Ancillaries sector. Samvardhana Motherson International key Products/Revenue Segments include Auto Electricals, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Job Work for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 22515.07 Crore, down -.16 % from last quarter Total Income of Rs 22551.94 Crore and up 27.11 % from last year same quarter Total Income of Rs 17712.55 Crore. Company has reported net profit after tax of Rs 625.01 Crore in latest quarter. Investment RationaleThe company has a proven track record of turnarounds and expanding global market share (c.0.4% in 2010 to c.2.5% in 2023).

LONDON — The Bank of England's rapid pace of bond sales is creating a «selling gold at the bottom» moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.

Galaxy Z Fold5 is the ultimate do-it-all smartphone for everything that you need in the financial sector with its large screen and powerful performance. The Galaxy Z Fold5 is truly evolving as a pioneer in transforming everyday productivity through its robust and expansive 7.6" screen experience. This experience is enhanced with a wide range of features such as Multi Window, App Continuity, Taskbar, Drag and Drop, and Optimization of Third-party apps.

New Delhi: India will evaluate the recommendations made in a paper authored by the International Monetary Fund (IMF) and the G20’s risk watchdog, the Financial Stability Board (FSB), outlining a roadmap for regulating crypto assets and integrating digital assets into digital financial systems before deciding its stance, Ajay Seth, secretary of the department of economic affairs, said. On the sidelines of the G20 summit on Sunday, Seth said the leaders have endorsed the required regulations, oversight and supervision for unbacked crypto assets.

Gadar 2, Jailer, OMG 2, Dream Girl 2, Rocky aur Rani kii Prem Kahani, and Oppenheimer. In September, Shahrukh Khan-starrer Jawan is expected to work its magic on the box-office collections. Expectations are high and it helps that the initial news flow on Jawan’s collections has been upbeat. In this backdrop, investors in the PVR Inox stock will keep an eye on the September quarter (Q2FY24) to see if it proves to be better than Q1FY23, the best post-covid quarter.

Crown" has established itself as one of Netflix's most beloved and controversial shows. Blending fact, fiction, and real-world connections to the British royal family, it has consistently captivated audiences. Now, as it approaches its sixth and final season, «The Crown» faces unique challenges and heightened anticipation. Season 6 is set to distinguish itself in several ways. Firstly, it marks the series' conclusion, bidding farewell to a remarkable era. Secondly, it becomes the first season to unfold after the passing of Queen Elizabeth II, promising to delve into recent events relevant to the royal family. Lastly, it's scheduled to debut amid industry strikes and subsequent delays, adding an extra layer of complexity.

Rolling Stone magazine has named FACE, the first solo album of BTS band member Park Jimin, as one of the best music albums of 2023. The Rolling Stone called the now solo artist’s album “a compelling showcase of the silky-voiced singer-dancer’s pop strengths."

gig economy; or to start up a new business. In a not-so-positive (okay, negative) sense, it also means being sharp, pushy, unscrupulous, fake or downright scamming people. In an age when the meanings of words can be subjective— depending on the identity of the person using them and the specific context of their usage—it can be pretty difficult for a third person to understand what a ‘hustle’ is.

Railway Board chairperson Jaya Verma Sinha has asked all employees to work on five key priorities — safety, integrity, capacity augmentation, revenue generation, and customer amenities and experience. Calling these five priorities as "Indian Railways' Panch Pran", Sinha, in her first written communication to employees after taking charge as Chairperson and CEO of the Railway Board on September 1, said that the national transporter has a rich and enduring legacy spanning more than 150 years. «In recent years, we have embarked on a transformative journey marked by unprecedented investments in tracks, rolling stock, stations and terminals,» Sinha wrote. Noting that safety is paramount, she said, «We must recognise that every accident can be prevented, and it is incumbent upon us to ensure strict adherence to established safety protocols.

Delhi Lt Governor VK Saxena activated the rain contingency plan as it began to pour during the dinner for G20 leaders hosted by President Droupadi Murmu, Raj Niwas officials said on Sunday. They added that Saxena has also thanked Delhi-NCR residents for making the G20 Summit a grand success. «The Lt Governor underlined that without their support, enthusiasm and patience in face of inconveniences, this international event could not have played out with the perfection that it did,» an official said. Saxena also thanked the «rain gods» who made the stay of the visiting dignitaries all the more special by bringing down temperatures and improving the Air Quality Index. Various government departments and agencies had formulated rain contingency plans in case of a downpour. «For waterlogging that occurred at certain sites prone to flooding, pumps were immediately put into action.

G20 Summit in India, US President Joe Biden on Sunday departed for Vietnam to expand ties between the two nations. Biden will meet Vietnamese General Secretary Nguyen Phu Trọng and other key leaders to discuss ways to further deepen cooperation between the two nations.

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

Aditya L1 spacecraft, India's first space-based mission to study the Sun, completed its third earth-bound maneuver successfully in the early hours of Sunday, according to ISRO. The operation was carried out by the space agency's Telemetry, Tracking, and Command Network (ISTRAC). «The third Earth-bound manoeuvre (EBN#3) is successfully completed from ISTRAC, Bengaluru.» «During this operation, ISRO's ground stations in Mauritius, Bengaluru, SDSC-SHAR, and Port Blair tracked the satellite,» the Indian Space Research Organisation (ISRO) said in a post on social media site X (formerly knows as Twitter). The new orbit achieved is 296 km x 71767 km, according to the statement, and the next maneuver is slated for September 15, around 2 a.m. Aditya-L1 is India's first space-based observatory, and it will study the Sun from a halo orbit around the first Sun-Earth Lagrangian point (L1), which is around 1.5 million kilometers from Earth. On September 3 and 5, the first and second earthbound movements were successfully completed.

Ukraine-Russia war. A consensus that had seemed elusive was achieved following hard bargaining and intense discussions among all G20 negotiating teams amid key meetings, ET has learnt. The need for consensus on the New Delhi Declaration that was adopted on Saturday had also figured in the meeting between US President Joe Biden and Prime Minister Narendra Modi, in the Capital on Friday night. While India was in constant touch with Russia over the issue, external affairs minister S Jaishankar's meeting with Russian counterpart Sergey Lavrov in Jakarta played an important role, ET has learnt. Over Friday and early Saturday, the Prime Minister held critical talks on the issue with visiting leaders.

Aditya L1 Mission: Aditya-L1, India's first solar mission, has successfully performed the third earth-bound manoeuvre, Indian Space Research Organisation (ISRO) said on Sunday. The new orbit attained by the satellite is 296km x 71767 km. A total of five such orbit manoeuvring will be performed during the satellite's revolution around the Earth of which three have been successfully performed.