UPS Financial News

Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week.

Shriram Finance Ltd. traded at Rs 3535.4 on BSE at 12:33PM (IST) on Friday, up 0.27 per cent. The stock quoted a 52-week low price of Rs 1760.9 and a high of Rs 3622.45. Earlier in the day, the stock saw a gap up opening.

HDFC Asset Management Company Ltd. traded at Rs 4376.4 on BSE at 12:28PM (IST) on Friday, down 0.23 per cent. The stock quoted a 52-week low price of Rs 2565.0 and a high of Rs 4544.5. Earlier in the day, the stock saw a gap up opening.

Mallikarjun Kharge on Friday, in a satirical video, took a jibe at the BJP-led Haryana Government and said that the state government has been sleeping for 10 years. Kharge on his social media handle on X shared a satirical video, which showed that the public (primarily youth) of Haryana is trying to wake up the «sleeping» Haryana government, citing several issues including unemployment, inflation, kidnapping, murder, crime, and MSP, but instead of acting on the issues, the government remains impassive. In a social media post on X, Mallikarjun Kharge, while sharing a video, wrote, «The BJP government in Haryana has been sleeping for 10 years. Now we will get relief from inflation, unemployment, farmer oppression and crime...! Bring Congress, save Haryana!»

«The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS growth outlook and that too over a long period of time. So, investors, have really kind of shown a lot of interest, which kind of shows in the numbers that we have been able to pull,» says Mahesh Nandurkar, Jefferies. What is the big understanding of how things are shaping up for the economy and for India Inc? Based on your interactions, both on the record, off the record, inside the conference room, outside the conference room, how is the growth and the earnings picture stacked up? Mahesh Nandurkar: So, I believe that the economic outlook for India is definitely fantastic and the reason why we have that confidence and continue to get that confidence reinforced is when you look at the investment activities in the economy, the fixed capital formation is rising, and it is always investments driven growth is more sustainable, investors like it, it broad bases the market, creates more options and opportunities.

The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country

Before they were household names, many top U.S. designers got their start at The Council of Fashion Designers of America/Vogue Fashion Fund

Brazilian coffee farmers are grappling with above-average temperatures as the country, the world’s largest coffee producer, faces its worst drought in more than seven decades

Wall Street leapt to record highs as delayed jubilation swept across markets worldwide following the Federal Reserve’s big cut to interest rates

Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates

Subscribe to enjoy similar stories. TOKYO—The Bank of Japan left its short-term policy rate unchanged Friday as it examines how the economy and markets are digesting its most recent interest-rate increase. The Japanese central bank maintained its target for the overnight call rate at 0.25% after raising it to that level in July.

Subscribe to enjoy similar stories. Agrochemical companies have had a rough time over the past year or so. But tough times don't last, and the corporate and analyst commentary has adopted a more optimistic tone of late, hinting at early signs of recovery.

Subscribe to enjoy similar stories. SINGAPORE—It happens to every Formula One driver. You’re crammed inside a tiny cockpit, sweating through your fireproof suit, with your foot to the floor at 200 miles per hour, when suddenly something goes wrong with your $10 million machine.

China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve delivered an outsized interest rate cut earlier this week. However, market watchers widely believe further stimulus will be rolled out to prop up an ailing economy, as the Fed's easing offers Beijing leeway to loosen monetary policy without unduly hurting the yuan. The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.85%.

Dinshaw Irani, CEO, Helios MF, says they have been moving out of PSU space for a while. Going forward, unless something dramatic happens in the sense of a divestment in the case of PSUs, I don’t think there will be any positive triggers for that space.Irani also says that they have not eased off in smallcaps. How is life after a 50 bps cut? What does it spell for India?

«The focus on exports is clearly very strong from the government side, as well as the country is doing well, the economy is doing well and one of the key ingredients of the forecasted growth over the next five to seven years is the exports component and that is what we are looking at to target and specifically the companies that are exporting and likely to do well on the export side over the next five to seven years,» says Venugopal Manghat, HSBC Asset Management. First, I want to talk a little bit about this Export Opportunities Fund, the NFO. Tell us a little bit more about it as to what the rationale and the theme is. Venugopal Manghat: This is focused on the export opportunities from India. So, we are looking at a universe of stocks or companies that would be having exports revenues of more than 20%.

Chandrababu Naidu's allegations on former CM Jagan Mohan Reddy over Tirupati temple prasad that sparked a row, YSCRP Rajya Sabha MP Y V Subba Reddy condemned Naidu's comments, calling them 'baseless'. Subba Reddy said that Naidu made baseless comments to affect the sentiments of Hindus. «CM Chandra Babu Naidu has made baseless comments about Tirmula Tirupati Devasthanams Prasadam, which affect the sentiments of Hindus. I believe in Lord Balaji, and I know you do too. I am ready to take an oath in front of Lord Balaji; are you ready to do the same? If you are not willing to take the oath, we will proceed legally,» he said.

Tupperware filed for bankruptcy protection Tuesday amid slumping sales and rising debt, the news unlocked an airtight seal of nostalgia for many who fondly recalled Tupperware parties and childhood leftovers. Hearts ached for a brand that was seemingly conjoined with the American kitchen — and working women — for decades. But no matter what happens with the brand, the name Tupperware will never go away — not really. That's because many consumers will continue to refer to their resealable food containers as Tupperware, even if those containers are not Tupperware. (Most of them aren't.) And that may have been a part of Tupperware's problem. In marketing parlance, a phenomenon that is likely to have played at least a small role in Tupperware's demise is known as genericization, which is when a brand name becomes so well known that it supplants the product itself. Think of brands like Kleenex, which is synonymous with facial tissue, or X-acto, which has become a stand-in term for any type of modeling knife.

Apple Inc. is facing an unprecedented challenge: persuading customers to buy its latest iPhones without their biggest new feature. On Friday, Apple is launching the iPhone 16 lineup in almost 60 countries, including the US, China, India, Australia and South Korea. But the device won’t come installed with Apple Intelligence — the much-anticipated AI software that the company has been touting since June. That means users will have to download the software features over time as they become available during the coming weeks and months. That’s put Apple in a tricky spot. It’s already marketing the AI features heavily, but some consumers may hold off on buying the new phones if they can’t enjoy the benefits right away. The new iPhone hardware, meanwhile, has only modest upgrades from prior models. A touch-sensitive Camera Control button that makes it easier to take pictures and video is the most notable change.

Subscribe to enjoy similar stories. A second wave of explosions in hand-held devices took place when walkie-talkies used by Hezbollah detonated in Lebanon, killing at least 20 people and injuring hundreds.