Track Financial News
28.07 / 13:33
28.07 / 13:33
COST
UPS
Lowe's
Target
track
An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years
A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs
28.07 / 12:31
UPS
Target
Progressive
Aware
Landmark
track
Railways on track to meet target of 100% electrification by Dec
Indian Railways is maintaining its end-of-year target to fully electrify its broad-gauge network, a feat that would require an intensive push to electrify over 6,000 route kilometers (RKM) within the next six months. According to people aware of the development, the December deadline for electrification is unchanged. Progress on the entire 6,226 RKM is underway, with explicit instructions issued to contractors to wrap up all tasks by year's end.
28.07 / 12:17
28.07 / 12:01
UPS
Cartier
Rolex
show
performer
track
Wristy business? Luxury watch market favors the mid-tier
Some mid-tier priced luxury watches including models by Omega and Cartier outperformed as prices for the most popular and higher-end Rolex, Patek Philippe and Audemars Piguet models kept falling on the secondary market.
28.07 / 11:39
Provident
Digital
Google
Action
Apple
track
Inside
Google brings anti-stalking feature to alert users about unknown AirTags: Details inside
Apple implemented various measures, and now Google has also introduced additional features for Android users. These features were announced at Google I/O 2023 and are now available to Android users. One of the new features is the "Alerts for Unknown Tracking Devices." When your Android device detects an unknown Bluetooth tracker in close proximity, you will receive an alert.
28.07 / 11:25
Target
Action
track
SEBI aims to safeguard retail investors through curbs on derivatives trading
stock prices reach record highs, attracting greater interest from retail investors. The regulator is concerned that smaller investors may incur losses on derivatives if market volatility increases. Data from the Securities and Exchange Board of India (SEBI) reveals a significant surge in retail investor participation in the equity derivatives market, which has increased by 500% over the past three years until March.
28.07 / 11:23
UPS
Provident
performer
track
IITs step up measures to address mental wellness of students
Indian Institutes of Technology (IITs) are rebooting the way they connect with students. With close to half a dozen suicides by students at the IITs in 2023 so far, they are also escalating the preventive measures. The fresh initiatives by some of the IITs include student-faculty informal dinners, roping in parents to interact with their wards at least twice a week through WhatsApp, open house meetings, face recognition attendance system to track students in mess and classrooms (to check if they isolate themselves) and having parents stay at the campus where the students face depression.
28.07 / 11:19
Provident
Aware
CEO
Pool
show
track
SIPs in small, medium funds score big over the long run
Systematic investment plans, or SIPs, have gained prominence over time, with investors largely reposing faith in the instrument, which, experts say, allows investors to consistently pool in small sums of money without much time and effort, making it an ideal long-term ‘wealth creation’ tool.
28.07 / 10:25
FIVE
Citizens
CEO
Align
track
cover
COMPANY FIXED DEPOSITS: Lock in to higher interest rates now
As non-banking financial companies (NBFCs) are offering higher interest rates on fixed deposits than banks, individuals, especially senior citizens, can lock in for a longer tenure. However, they must keep in mind that these deposits, unlike banks, are not insured under Deposit Insurance and Credit Guarantee Corporation and carry a higher risk compared to bank deposits.
28.07 / 09:01
UPS
IPO
Reuters
Southern
track
IPO-bound Ola Electric recorded $136 million loss in FY23
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year's earnings. Ola declined to comment.
28.07 / 07:37
show
track
SEBI seeks curbs to limit retail investors' derivatives risk: Sources
India's market regulator, seeking to reduce risks for retail investors, will propose linking the amount of equity derivatives they may trade to their wealth, two people with direct knowledge of the matter said. With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile. Retail investor participation in the equity derivatives market jumped 500% in the three years through March, according to data from the Securities and Exchange Board of India (SEBI).
28.07 / 04:27
UPS
Citi
Progressive
track
country
foreign
Australia 'confident' on nuclear submarines as defence, foreign ministers meet
Anthony Albanese said he was confident a deal for the U.S. to sell nuclear powered submarines to Australia was on track, ahead of talks between defence and foreign ministers of the two nations on Friday. Twenty-five U.S.
28.07 / 04:27
Matthews
Moodys
show
track
social
Sustainable bond issuance to hit $950 billion in 2023, Moody's says
sustainable bond issuance in 2023 is on track to reach or even eclipse an expected $950 billion despite a decline in the number of debut issuers, according to Moody’s Investors Service. The first half of 2023 saw $526 billion of sustainable bond issuance, marking a 7% increase from the same period last year, according to a Moody’s note released Thursday.
28.07 / 04:27
AXY
SUN
NIFTY
SENSEX
track
Sensex falls 200 points amid weak global cues; Nifty below 19,650
US Federal Reserve, Indian equity indices opened lower on Friday, dragged by banking and financial stocks. The BSE Sensex was trading 211 points or 0.32% lower at 66,055. Nifty50 was trading at 19,619, down 41 points or 0.21% at around 9.24 am.
28.07 / 03:35
Lowe's
UBS
MSCI
Celebrity
track
China’s state capitalists celebrate their soaring shares
pension fund as part of a reform process. A boost in the valuation of the firms could eventually help the state meet its pension obligations. The new valuation system, says Meng Lei of UBS, a bank, is an attempt to help investors understand the broader implications of this transfer of state-owned capital to pensioners.
28.07 / 02:55
Provident
show
track
Oil prices
open
Weekly
Oil prices open lower on demand concerns, remain on track for weekly gain
Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data. Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S.
28.07 / 01:47
UPS
Action
NIFTY
VIX
track
GIFT Nifty up 30 points; here's what changed for market while you were sleeping
«Market is likely to consolidate given no clarity given by the US Fed on its future course of action, leading to mixed global cues. Overall strength continues in the market, with the likelihood of consolidation at higher levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 30 points, or 0.15 per cent, higher at 19,794, signaling that Dalal Street was headed for positive start on Friday.
27.07 / 20:07
Citi
Manufacturing
track
country
As e-bikes proliferate, so do deadly fires blamed on exploding lithium-ion batteries
Federal officials are considering a crackdown on defective lithium-ion batteries that power hoverboards, scooters and motorized bicycles because of a rash of deadly fires caused by exploding batteries
27.07 / 20:07
COST
UPS
Waves
track
Average long-term US mortgage rate inches back up to 6.81%
The average long-term U.S. mortgage rate ticked back up this week, remaining a barrier for Americans trying upgrade or buy their first home
27.07 / 20:07
UPS
Citi
Software
show
track
Investigators say poor track conditions caused a 2021 Amtrak derailment in Montana that killed three
A derailment of an Amtrak train in Montana that killed three people in 2021 was caused by a poor track conditions at the accident site, federal investigators said in a final report
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