ASIAN RIVALS
Vladimir Putin, Xi Jinping vie for influence at Central Asian summit
Moscow and Beijing have deepened their political, military and economic ties since Russia launched its invasion of Ukraine in February 2022.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
Asian shares head for five-month winning streak; yen slides
Asian stocks rise on Fed rate cut hopes and U.S. inflation worries. AI boom drives Wall Street to record highs. Yen hits 38-year low, impacting Japanese markets. Gold market pressured by strong dollar.
Asian shares eye five-month winning streak; yen buckles under dollar strength
Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.
Asian stocks hold on to gains; BoE in focus
Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.
Asian stocks rise on tech rally, Fed rate cut wagers
Asian shares rose to a three-week high driven by tech stock rally as the dollar struggled post soft U.S. retail sales data, hinting at potential Fed rate cuts.
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Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
12 Lessons from Polls 2024
Lessons in governance and strategy for corporate India from the 2024 Elections and the formation of the third NDA government include the importance of competition, cooperation, feedback, communication, supply chain management, consumer knowledge, CEO dynamics, outsider directors, underdogs, and consistent performance.
India-Pakistan clash could fetch $4,800 a second as cricket makes US push
India vs Pakistan: Global firms are splurging on advertising for the India-Pakistan cricket match in the US. The big encounter is set to take place in New York's Nassau County International Cricket Stadium on June 9, part of the ICC Men’s T20 World Cup, targeting the South Asian diaspora.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
Volkswagen plans cheaper battery model 'from Europe for Europe'
Volkswagen has announced plans for a cheaper electric model, priced around 20,000 euros ($21,800), to be introduced in 2027. The model will offer entry-level electric mobility from Europe for Europe. Volkswagen also plans to unveil a range of battery-powered cars for under 25,000 euros by the end of 2025, including two compact cars from its VW and Cupra brands, as well as two small SUVs from VW and Skoda.
Indian women's compound archery team strikes gold, mixed team bags silver in World Cup
Asian Games champion Jyothi, however, failed to add a second gold to her kitty as she along with Priyansh squandered an opening round lead to go down to the USA's Olivia Dean and Sawyer Sullivan by two points (155-153) in the compound mixed team final.
Asian stocks fall, dollar rises as rate cut wagers waver
Asian stocks fell on Friday as strong U.S. economic data boosted the prospect of higher interest rates, affecting Asian-Pacific shares outside Japan, with Japan's Nikkei and China stocks also impacted. China's military conducted war games around Taiwan, impacting Hong Kong's Hang Seng Index, while Prashant Newnaha commented on the market and Fed's stance. Benchmark U.S.
Please let us compete in Paris, we need mental peace before Olympics: Women quota winners
Women wrestlers who won Paris Games quotas in New Delhi urged the national federation to exempt them from selection trials, emphasizing the impact on India's Olympic medal hopes. Anshu Malik, aiming for her second Olympic medal, stressed the need for mental peace for optimal preparation. Experts caution that trials could risk injuries.
Sunil Chhetri announces retirement: A timeline of his journey, achievments, awards and more
Sunil Chhetri, the legendary Indian football player, announced his retirement from international football after a remarkable career spanning over two decades. His final game for India will be on June 6th in Kolkata against Kuwait during the FIFA World Cup qualifier for 2026.
From starting with Delhi club to establishing India as a dominant Asian force: A look at Sunil Chhetri's legacy
As Sunil Chhetri prepares for his final international match for the Indian football team, his career is highlighted as a fairytale story of hard work and inspiration. From humble beginnings in Delhi to leading India in numerous victories and championships, Chhetri has become a legend in Indian football. With 158 goals in 365 club appearances and 94 goals in 150 international matches, he leaves a lasting legacy as one of the greatest players in Indian football history.
Gift Nifty up 60 points; here's the trading setup for today's session
Domestic markets recover with India's CPI inflation and Asian markets. Nifty signals positive start in range-bound trading. India VIX measures market fear. Tech-led rally in US affects Federal Reserve. Dollar near low, oil prices rise. Nasdaq hits record high. Certain stocks in F&O ban. FII/DII actions impact Rupee. FII net short increases. Q4 results announcements upcoming.
Rivals’ pricing tactics won’t impact Asian Paints’ plans: CEO
Asian Paints stays committed to investing in brand value and capacity expansion, unfazed by new market entrants' pricing strategies. The company's growth outlook remains positive, with a focus on customer loyalty, retail expansion, and strategic investments.
Asian junk bond sales are hottest in five years on India boom
Regional sales of such corporate notes, outside of Japan, touched $5.9 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data. Indian borrowers have topped the share of sales so far this year, with nearly 44% share.
Axis Bank brings expats to India in push to woo global firms
Axis Bank Ltd. aims to boost its global business by hiring Asian expatriates, targeting mid-sized companies from countries like South Korea, Japan, US, Germany, Italy, and France. Facing challenges with South Korean and Japanese firms due to language barriers, the bank has recruited expatriates to facilitate connections and expand its corporate banking division.
Vinesh, Reetika, Anshu secure Paris Olympics quotas for India
Vinesh Phogat secures Paris Olympics quota in the 50kg category at the Asian Olympic Qualifier with a dominating performance, joined by other Indian wrestlers progressing towards securing quota places for the 2024 Summer Olympics.
Asian shares slide on Fed rate cut rethink; China GDP in focus
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
GIFT Nifty down 160 points; here's the trading setup for today's session
"We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty up 55 points; here's the trading setup for today's session
"Overall, we expect the market to continue its positive momentum with a focus on large-cap. With the start of the election in April, we believe government-centric stocks to be in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal
Gift Nifty down 30 points; here's the trading setup for today's session
Nifty futures on the Gift Nifty traded at 22,185, down 29 points or 0.13%, siganlling a negative start for Dalal Street.
Asian stocks skid as China's NPC disappoints, bitcoin nears record
Bitcoin continued its ascent to a fresh two-year peak of $68,650.87 that put it within spitting distance of an all-time high. Gold marked a record closing high of $2,114.99 on Monday and continued to hover at that level in the latest session.
Asian shares meander as US inflation test awaits; kiwi slides
"The RBNZ has closed the door to further rate hikes, which was a surprise to somewhat hawkish expectations," said Charu Chanana, head of currency strategy at Saxo.
A Tesla rival is driving into India. What lies ahead for it
VinFast, a small electric vehicle (EV) maker backed by Vietnam's largest conglomerate, is expanding into India. The company plans to establish a $2 billion EV facility in Tamil Nadu and intends to build a nationwide dealership network. VinFast aims to offer affordable alternatives to Tesla in the Indian market and capitalize on the growing demand for EVs. Despite the challenges of the Indian EV industry, VinFast could have an advantage as one of the first EV-only companies operating in the country.
India look for winning start in U-19 World Cup opener against Bangladesh
Having won their first trophy in 2002 under Mohammad Kaif, Indian teams have have since gone on to win the U-19 World Cup in 2008, 2012, 2018 and 2022. The event, which was moved from Sri Lanka to South Africa in a late adjustment by the ICC, features four groups of as many teams each. The top three teams in each group will qualify for the Super Sixes, followed by the semifinals on February 6 and 8 with the final to be played at Benoni on February 11.
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