News

Soaring yields leave stocks struggling for headway Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound. Benchmark 10-year U.S. Treasury yields rose about 2.5 basis points (bps) in early Tokyo trade to 4.366%, extending an overnight rise to hit their highest since 2007. [US/] Yields go up when bond prices go down. U.S. Ten-year yields are up al...
Soaring yields leave stocks struggling for headway
Soaring yields leave stocks struggling for headway
Source: Reuters
22/08/2023 9:03:13 AM
Government closely monitoring FTAs with ASEAN, Korea: Anupriya Patel Minister of State for Commerce and Industry Anupriya Patel has said that the government is closely monitoring all the free trade agreements (FTAs) which it has signed and based on stakeholder consultations, existing FTAs with ASEAN and Korea are being reviewed. She said the government is negotiating FTAs with the European Union, the UK, European Free Trade Association (EFTA) and Canada.  The minister stated that these negotiations or its review are a long-drawn process and the timelin...
Government closely monitoring FTAs with ASEAN, Korea: Anupriya Patel
Government closely monitoring FTAs with ASEAN, Korea: Anupriya Patel
Source: Accord Fintech
14/08/2023 12:35:59 PM
Kia to invest $200 mn to produce EV9 SUV at US plant Kia, South Korea's second-largest carmaker by sales, said on Thursday it will invest $200 million to produce the all-electric EV9 SUV in its US plant next year. The flagship EV9 will be the first EV for Kia to be assembled in the US, the company said in a statement. Kia currently produces four models -- the K5 sedan, and the Telluride, Sorento and Sportage SUVs -- in Georgia, reports Yonhap news agency. The Telluride is sold only in North American markets. It is produced in Kia&#...
Kia to invest $200 mn to produce EV9 SUV at US plant
Kia to invest $200 mn to produce EV9 SUV at US plant
Source: IANS
13/07/2023 12:33:44 PM
Samsung plans to develop chips for XR devices Samsung is reportedly planning to develop chips for XR (Extended Reality) devices as the company is expected to unveil a new XR headset sometime later this year or the first half of next year. According to The Korea Economic Daily, citing sources, the company's plans to venture into the XR device chip market are now taking concrete shape. The System LSI division of Samsung that makes Exynos processors and ISOCELL camera sensors has started taking its first step toward making process...
Samsung plans to develop chips for XR devices
Samsung plans to develop chips for XR devices
Source: IANS
30/05/2023 2:07:27 PM
UPL gains on introducing two new insecticides in North American Market UPL is currently trading at Rs. 682.05, up by 6.35 points or 0.94% from its previous closing of Rs. 675.70 on the BSE. The scrip opened at Rs. 676.00 and has touched a high and low of Rs. 684.95 and Rs. 676.00 respectively. So far 6145 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 05-Dec-2022 and a 52 week low of Rs. 607.80 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 685.45 a...
UPL gains on introducing two new insecticides in North American Market
UPL gains on introducing two new insecticides in North American Market
Source: Accord Fintech
26/05/2023 10:33:36 AM
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. However, the list excludes investment from countries like Singapore, Netherlands and Mauritius. The government had in the Budget brought overseas investment in unlisted closely held companies, except DPIIT recognised startups, under the Angel Tax net. Following that, the startup and venture capital industry sought exemption...
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
Source: Accord Fintech
26/05/2023 9:53:33 AM
DGTR recommends imposition of anti-dumping duty on imports of optical fibres from China, Korea and Indonesia The commerce ministry‘s arm Directorate General of Trade Remedies (DGTR) has recommended imposition of anti-dumping duty on imports of a certain type of optical fibres from China, Korea and Indonesia to protect the domestic industry from cheap inbound shipments. The DGTR has recommended the duty after conducting an investigation on the dumped imports of ‘Dispersion Unshifted Single-mode Optical Fiber’ from these countries. The product is mainly applied to high-data rate, lon...
DGTR recommends imposition of anti-dumping duty on imports of optical fibres from China, Korea and Indonesia
DGTR recommends imposition of anti-dumping duty on imports of optical fibres from China, Korea and Indonesia
Source: Accord Fintech
10/05/2023 12:27:57 PM
Tennis: Team Korea crowned Champions at ITF Asia 14-U Development Championships The ITF Asian (Jr) Championships Finals that commenced on April 1, came to an end on Friday with Team Korea emerging as the overall Champions of the tennis tournament, here. Korea's Won Min Kim and Jiyun Oh were crowned the Singles champions in the boys and girls category, respectively. With athletes from 14 countries, the event saw Asia's finest junior tennis players battle it out for supremacy. Speaking on their achievements, Korean Tennis Prodigy Wonmin Kim said,"I will ...
Tennis: Team Korea crowned Champions at ITF Asia 14-U Development Championships
Tennis: Team Korea crowned Champions at ITF Asia 14-U Development Championships
Source: IANS
15/04/2023 10:51:34 AM
Counting on RBI support, offshore investors build Indian rupee crosses positions - traders Foreign investors are wagering that the Indian rupee will do well against other non-U.S. dollar currencies on the non-deliverable forward market, thanks to the Reserve Bank of India's currency intervention, traders said on Friday. The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said. Buying the rupee against other non dollar currencies "looks straightforward to us with the narrative on the...
Counting on RBI support, offshore investors build Indian rupee crosses positions - traders
Counting on RBI support, offshore investors build Indian rupee crosses positions - traders
Source: IANS
24/02/2023 2:57:48 PM
Differing convictions in monetary policies Minutes from the Feb RBI monetary policy committee (MPC) review reflected concern over inflation, owing to uncertain geopolitics, volatile crude prices, and weather-related events. Outside of food, inflation was seen at the risk of hardening further, requiring policymakers to take calibrated action. The two dissenting members see the need to pause and allow the lagged impact of policy actions to play out, citing emerging growth risks. A majority of the MPC is likely to vote for a 25bp hike in...
Differing convictions in monetary policies
Differing convictions in monetary policies
Source: IANS
24/02/2023 10:11:53 AM
`Avatar: The Way of Water` earns $855 million globally in 10 days The James Cameron-directorial 'Avatar: The Way of Water' is the fifth-highest grossing movie of the year. The Disney and 20th Century's big-budget epic has collected $855 million in global ticket sales after 10 days on the big screen, reports 'Variety'. So far, James Cameron's long-delayed sequel has generated $253.7 million at the US domestic box office and $600 million internationally. Even with harsh winter weather in North America and rising cases of Covid...
`Avatar: The Way of Water` earns $855 million globally in 10 days
`Avatar: The Way of Water` earns $855 million globally in 10 days
Source: IANS
26/12/2022 12:01:14 PM
Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India With Apple eyeing to ramp up manufacturing in India amid Covid-related supply chain issues in China, the Yamuna Expressway Industrial Development Authority (YEIDA) said on Wednesday that some of Apple suppliers have applied for land with the authority, with a proposed investment of Rs 2,800 crore while generating thousands of jobs. YEIDA CEO Arun Vir Singh told IANS that these companies have already deposited 10 per cent of the proposed allocation for land in Sector 29 under the Yamuna Aut...
Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
Source: IANS
21/12/2022 2:54:05 PM
India can scale up merchandise exports to G20 nations to $500 billion by 2030: PHDCCI Expressing optimism over India’s exports growth, industry body -- the PHD Chamber of Commerce and Industry (PHDCCI) has said that the country can scale up its merchandise exports to G20 nations to $500 billion by 2030 from the current $212 billion in 2021-22 and significantly reduce trade deficit. It added that as the fastest growing economy in the G20 nations, India will play a significant role to convert uncertainties into opportunities. PHDCCI President Saket Dalmia said ‘In...
India can scale up merchandise exports to G20 nations to $500 billion by 2030: PHDCCI
India can scale up merchandise exports to G20 nations to $500 billion by 2030: PHDCCI
Source: Accord Fintech
14/12/2022 9:59:00 AM
Morgan Stanley raises Asia, emerging markets index targets Investment advisory firm Morgan Stanley has raised Asia and emerging market (EM) index targets in its latest report titled "Asia Emerging Markets Strategy: New Bill Run Market Continues", which was released on Monday. Expressing confidence in emerging markets bull cycle, it said that "a new bull cycle is beginning". "We now feel even more confident in a new bull cycle for Asia/EM equities. We raise our base case MSCI EM target a further 10 per cent to 1,100 (12 ...
Morgan Stanley raises Asia, emerging markets index targets
Morgan Stanley raises Asia, emerging markets index targets
Source: IANS
5/12/2022 5:05:13 PM
India to receive first LNG cargo from Indonesia`s Tangguh LNG  India will receive its first cargo from Indonesia's Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data. The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv. "The vessel which had been acting as a floating storage since it lifted the cargo in mid-September is currently on a term charter to British oil major BP and is due to a...
India to receive first LNG cargo from Indonesia`s Tangguh LNG
India to receive first LNG cargo from Indonesia`s Tangguh LNG
Source: Reuters
28/11/2022 5:59:46 PM
Punjab, Hry hold potential for strengthening ties: S.Korean envoy South Korean Ambassador to India Chang Jae-bok on Thursday said Punjab, Haryana and Chandigarh hold enormous potential for strengthening the South Korea-India partnership. Speaking at the South Korea-India Economic Cooperation Forum 2022 at the CII Northern Region Headquarters here, he said: "I am happy to say that the year 2023 will mark the 50th anniversary of diplomatic relations between Korea and India. This region has excellent human resources, capacity of scale and is at the cen...
Punjab, Hry hold potential for strengthening ties: S.Korean envoy
Punjab, Hry hold potential for strengthening ties: S.Korean envoy
Source: IANS
24/11/2022 5:20:22 PM
Quote on FPI: FPI buying is unlikely to turn very aggressive, going forward Says Dr. V K Vijayakumar, Geojit Financial Services Quote on FPI 19 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "FPI buying has picked up smartly in November following the flat FPI activity in October. According to NSDL data the total FPI buying in November till 18th is Rs 30384 crores. FPI buying in IT which started picking up in the second half of October has gathered momentum in November. FPIs have been buying in autos and telecom, too. FPI buying is unlikely to turn very ag...
Quote on FPI: FPI buying is unlikely to turn very aggressive, going forward Says Dr. V K Vijayakumar, Geojit Financial Services
Quote on FPI: FPI buying is unlikely to turn very aggressive, going forward Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services Ltd
19/11/2022 9:28:10 AM
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS Minda Corporation is currently trading at Rs. 193.95, up by 4.40 points or 2.32% from its previous closing of Rs. 189.55 on the BSE. The scrip opened at Rs. 192.00 and has touched a high and low of Rs. 195.15 and Rs. 191.90 respectively. So far 22616 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 284.45 on 19-Apr-2022 and a 52 week low of Rs. 142.55 on 29-Oct-2021. Last one week high and low of the scrip stood ...
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS
Source: Accord Fintech
31/10/2022 11:24:54 AM
Stocks splutter, euro falls ahead of euro zone inflation data Europe's stocks and main currencies fell on Monday ahead of upcoming euro zone inflation data, Fed, BOE and RBA rates hikes later in the week and as Russia's withdrawal from a Ukrainian grain transit pact sent wheat and corn prices higher. The regional STOXX 600 index was nudged lower by 0.6%-0.8% drops in the mining <.SXPP > and oil and gas sectors after weaker-than-expected Chinese factory data pointed to the ongoing slowdown there. Euro zone October inflation numbers du...
Stocks splutter, euro falls ahead of euro zone inflation data
Stocks splutter, euro falls ahead of euro zone inflation data
Source: Reuters
31/10/2022 9:10:19 AM
LG Electronics Q3 profit down on weak demand  LG Electronics on Friday reported record high sales backed by its electric vehicle (EV) components business but also experienced a big drop in net income in the third quarter on sluggish demand for consumer electronics amid high inflation and recession fears. The South Korean tech company reported in a regulatory filing that its third-quarter net income came in at 336.5 billion won ($237.1 million), down 34.8 per cent from a year earlier. Operating income for the July-September pe...
LG Electronics Q3 profit down on weak demand
LG Electronics Q3 profit down on weak demand
Source: IANS
28/10/2022 2:08:14 PM
Karnataka gears up for Global Investors Meet;Narendra Modi to inaugurate event The Basavaraj Bommai-led Karnataka government is making all preparations to make 'Invest Karnataka 2022-Global Investors Meet' -- which is just 10 days away from now -- a successful one, officials said on Thursday. The event would be virtually inaugurated by Prime Minister Narendra Modi on November 2. "It would be attended by Finance Minister Nirmala Sitharaman, Union Ministers Smiriti Irani, Bhagwanth Khuba and Nitin Gadkari," Karnataka's Minister for Large & Med...
Karnataka gears up for Global Investors Meet;Narendra Modi to inaugurate event
Karnataka gears up for Global Investors Meet;Narendra Modi to inaugurate event
Source: IANS
21/10/2022 12:15:12 PM
Naver to acquire online US fashion marketplace for $1.6 bn South Korean Internet portal giant Naver said on Tuesday it will take over Poshmark, a US social commerce platform specializing in second-hand apparel trade, for 2.3 trillion won ($1.6 billion) in a bid to broaden its North American business. According to its filing, Naver has agreed to buy a 100 percent stake, or 1.3 million shares, in Poshmark worth a total of 2.3 trillion won. Founded in 2011, California-based Poshmark is one of the biggest online shopping platforms stateside, where ...
Naver to acquire online US fashion marketplace for $1.6 bn
Naver to acquire online US fashion marketplace for $1.6 bn
Source: IANS
4/10/2022 5:37:21 PM
Korean air-bangs are in! This season, it's all about soft waves and air-bangs for a natural-looking style that will leave you turning heads. Heralded by Vogue as "one of Korea's top hairstylists", Sunwoo Kim is the co-founder/owner of Cheongdam-based salon, Woosun, and hairstylist to some of Korea's biggest names, such as Blackpink, Irene Kim, Go-eun Kim, Min-young Park, Ye-Ji Seo. Soo Joo Park walks us through the six simple steps to effortlessly create this look at home, using the next-g...
Korean air-bangs are in!
Korean air-bangs are in!
Source: IANS
17/09/2022 3:36:33 PM
India focus market for our economy, says Korean envoy India is the focus market for the Korean economy and we will work together to achieve higher trade relations between both countries, said Chang Jae-bok, Korean Ambassador to India. In a conversation with IANS, he said that both nations have set a target of $50 billion bilateral trade by 2030 and are working towards the same. India is the focus market for the Korean economy and we will work together to achieve higher trade relations between both the countries. On being asked about how Ko...
India focus market for our economy, says Korean envoy
India focus market for our economy, says Korean envoy
Source: IANS
3/06/2022 9:30:26 AM
BTS to perform for world leaders at UN 'Global Goals' event Korean pop band BTS are slated to perform at the U.N.'s Sustainable Development Goals event on Monday, reports Billboard.com. "Watch live as world leaders join @antonioguterres & special guests @BTS_twt at our SDG Moment event to inspire action for the #GlobalGoals & a better world for everyone. Tune in here Monday, 20 September at 8am EST!," tweeted the United Nations on Monday morning. Fellow K-pop superstars Blackpink have also been named as Sustainable Developm...
BTS to perform for world leaders at UN 'Global Goals' event
BTS to perform for world leaders at UN 'Global Goals' event
Source: IANS
21/09/2021 10:34:25 AM