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NEW YORK (AP) — Inside the U.N.'s gates, world leaders use the spotlight to talk — to each other and the entire planet. Nonprofit organizations send their senior leaders to the sidelines of the U.N. General Assembly at significant expense to make sure their voices are heard in the right rooms. It was one of some 40 events the Ford Foundation hosted connected to General Assembly week, flexing its power to convene. The sidelines of the General Assembly first began drawing major crowds in 2014, when a U.N. The framework, he said, helps groups “to focus on a pretty specific action that might feel small given the SDGs but still has impact.

Persons: ”, Elizabeth Cousens, ‘, ’ ”, Monica Aleman, She’ll, James Baldwin, Protesters, Keya Chatterjee, Chatterjee, Joe Biden, Antonio Guterres, Melinda Gates, Mark Suzman, ” Suzman, Atul Tandon, Zia Khan Organizations: Nonprofit, General, UN Foundation, Sustainable, Ford Foundation, Assembly, Climate Summit, Melinda Gates Foundation, Gates Foundation, Opportunity International, The Rockefeller Foundation, Brookings Institution, Lilly Endowment Inc, AP Locations: New York City, U.S, Manhattan, Washington, United States, China, India, Russia, United Kingdom, France, South Africa

☆ India Spends Big on What It Needs Most to Catch Up to China
▼ + stars: | 2023-09-11 | by ( Jason Douglas | Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

India Spends Big on What It Needs Most to Catch Up to China The country is building fast in an effort to address gaps in its infrastructure that have long held back its economyIndia had about 90,000 miles of national highways at the close of the fiscal year in March, almost double the more than 49,000 miles it had a decade earlier. Atul Loke For The Wall Street Journal

Persons: Atul Loke Organizations: Street Locations: India, China

Bangladesh’s multiparty democracy is being methodically strangled in crowded courtrooms across this country of 170 million people. Nearly every day, thousands of leaders, members and supporters of opposition parties stand before a judge. Charges are usually vague, and evidence is shoddy, at best. But just months before a pivotal election pitting them against the ruling Awami League, the immobilizing effect is clear. About half of the five million members of the main opposition party, the Bangladesh Nationalist Party, are embroiled in politically motivated court cases, the group estimates.

Organizations: Awami League, Bangladesh Nationalist Party Locations: Dhaka

☆ J&J, India's Lupin cut prices for tuberculosis drug in lower-income countries
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO-The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. The drug will be available at the lower prices through the Stop TB Partnership's Global Drug Facility, which is the largest procurer of TB treatments. J&J, which sells bedaquiline under the brand name Sirturo, reached an agreement with the Stop TB Partnership in July to allow the coalition to supply generic versions of the drug through the Global Drug Facility. J&J has said it is false to suggest its patents prevent access to the drug. But J&J could further increase access to the drug by withdrawing its secondary patents on bedaquiline in all high-burden countries, said Christophe Perrin, TB advocacy pharmacist with MSF's Access Campaign.

Persons: Johnson, Brendan McDermid, bedaquiline, Atul Gawande, John Green, Médecins, Christophe Perrin, Manas Mishra, Devika Organizations: New York Stock Exchange, REUTERS, Johnson, United Nations, TB, United States Agency, International Development's Global Health Bureau, Drug Facility, Global Drug, Thomson Locations: New York, U.S, Bengaluru

☆ Sony shares slide after earnings highlight concern about games, sensors
▼ + stars: | 2023-08-10 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

Operating profit slid 31% and comments by Sony executives over demand for its games and image sensors units also sparked concern. Despite an easing of those snarls, Sony said sales of were below expectations in the April-June quarter. It is targeting sales of 25 million units for the full year. Sony sold 3.3 million PS5 units in quarter. Adjustment to procurement by smartphone manufacturers is having a large impact in the second quarter, Sony said.

Persons: Issei Kato, Serkan Toto, Atul Goyal, Sam Nussey, Edwina Gibbs Organizations: Sony PlayStation, REUTERS, Sony, PlayStation, Kantan, Jefferies, Thomson Locations: Tokyo, Japan

☆ India basmati rice exporters get requests for early shipments
▼ + stars: | 2023-07-31 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

MUMBAI, July 31 (Reuters) - Indian rice exporters have been receiving requests from buyers to advance shipments of basmati rice after New Delhi banned exports of non-basmati white rice to dampen local prices, industry officials told Reuters. "Buyers are requesting early shipments because they fear that the government might put restrictions on exports of basmati rice as well," said Atul Garg, managing director at GRM Overseas (GRMO.NS), a leading exporter of basmati rice. Non-basmati white rice, which India has banned for export, is mainly purchased by Senegal, Benin, Togo, Bangladesh, and Cote d'Ivoire. India never banned exports of basmati rice in the past but did impose export taxes in 2008. But basmati rice growing areas have increased in 2023 and production is likely to be higher than last year, said Vijay Setia, an exporter.

Persons: Atul Garg, Vijay Setia, Setia, Rajendra Jadhav, Christina Fincher Organizations: Reuters, GRM Overseas, Thomson Locations: MUMBAI, Delhi, India, Saudi Arabia, Iran, Iraq, United Arab Emirates, Yemen, United States, Senegal, Benin, Togo, Bangladesh, Cote d'Ivoire, New, Punjab, Haryana, Uttar Pradesh, Himachal Pradesh

☆ Pig cooling pads and weather forecasts for cows are high-tech ways to make meat in a warming world
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +5 min

More intense summer heat resulting from emissions-driven climate change means animal heat stress that can result in billions of dollars in lost revenue for farmers and ranchers if not properly managed. But technology often insulates livestock in richer countries — another way global warming exacerbates the gap between wealthy and poor nations. Their cows are already showing signs of improved welfare, like chewing more cud, and there's more heat ahead this summer. "We're going to do what's best by our cows no matter what is or isn't going on with climate change," said Megan McAllister, a sixth-generation dairy farmer. As part of his work with Kansas State, Redmond gives presentations to producers and the general public, and he said that climate change has come up in conversations.

Persons: Farmer Ken Ries, Atul Jain, Mario Herrero, McAllister, Megan McAllister, Michelle Schack, they've, let's, Schack, Gerald Nelson, Nelson, Chip Redmond, Redmond, Jackie Boerman, Boerman Organizations: Livestock, The University of Illinois, Cornell University, University of Illinois, USDA, Kansas State University, Kansas State, Purdue University Locations: Ryan , Iowa, U.S, The University of Illinois Urbana, Champaign, United States, New Vienna , Iowa, Arizona, University of Illinois Urbana

☆ Villa Palladio: India meets Italy at this boutique hotel near Jaipur
▼ + stars: | 2023-07-26 | by ( Shalbha Sarda | ) edition.cnn.com time to read: +4 min

On this road lies the Villa Palladio boutique hotel and resort. Palladio was known for combining the elements of Renaissance and contemporary French practices, creating an altogether unique style known as Anglo-Palladianism. “There is incredible sophistication and presence of history in the aesthetics of both cities, and when conversing, they speak together beautifully.”Colors do more than pop in this Villa Palladio bedroom. Atul Pratap ChauhanWinning over the localsThe building that became Villa Palladio has a brief but fantastic story. Villa Palladio, Abhay Niwas Palace Sumel, Jamdoli Chouraha, Rajasthan 302031, India; +91 141 296 9762

Persons: India CNN —, Villa Palladio, It’s, Botticelli, Barbara Miolini, Marie Anne Oudejans, Miolini, Andrea Palladio, Palladio, ” Miolini, Atul Pratap Chauhan, Abhay Singh, ” Marie Ann Oudejans, Villa, Vibhor Mukul Singh, didn’t, ”, Abhay Niwas, Jamdoli Organizations: India CNN, India CNN — Kanota, Villa Locations: Jaipur, India, Rajasthan, Agra, Italian, Dutch, Switzerland, Venice, Italy, Jamdoli Chouraha

☆ A day after landslide likely trapped more than 100, Indian rescuers look for survivors
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. REUTERS/Francis MascarenhasMUMBAI, July 21 (Reuters) - Rescue teams resumed a search on Friday for possible survivors of a massive landslide in western India that killed 16 people and was suspected to have trapped more than a 100. Thick fog and heavy rain hampered already difficult rescue efforts even further on Friday, Indian television news channels said, more than a day after the incident occurred at midnight on Thursday. On Friday, news channels showed visuals of rescue teams, wearing bright orange raincoats and carrying digging tools, trekking up the mountain to the site of the landslide. More than 100 people were feared trapped in the debris, media said.

Persons: Francis Mascarenhas MUMBAI, Atul Karwal, Devendra Fadnavis, Shilpa Jamkhandikar, Muralikumar Organizations: REUTERS, Rescue, Response Force, Reuters, Thomson Locations: Raigad district, Maharashtra, India, Irshalwadi, Mumbai

IRSHALWADI, India, July 20 (Reuters) - The death toll from a massive landslide in western India rose to 16 late on Thursday, as rescue operations were suspended with around 100 people still feared trapped, officials said. Rescue workers recovered 16 bodies before night fell and local authorities advised they suspend the search, Director General of the National Disaster Response Force (NDRF), Atul Karwal, told Reuters. Rescuers searched for over 12 hours in heavy rains and fog, dodging large boulders that tumbled down the mountain slope, a Reuters witness and local media reported. [1/3]Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. MORE RAIN COMINGA landslide in a nearby village killed more than 80 people two years ago.

Persons: Atul Karwal, Devendra Fadnavis, Francis Mascarenhas, Singh, Mahal, Mahatma Gandhi, Francis Mascerenhas, Shilpa Jamkhandikar, Rajendra Jadhav, Sumit Khanna, Robert Birsel Organizations: Response Force, Reuters, REUTERS, Indian Express, India Meteorological Department, Thomson Locations: IRSHALWADI, India, Irshalwadi, Maharashtra, Mumbai, Raigad district, Gujarat, New Delhi, Red, Rajghat

☆ A Texas town is trying to solve the US physician shortage with 'homegrown' clinicians — a possible answer to the primary-care drought plaguing 100 million Americans
▼ + stars: | 2023-07-19 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +11 min

El Paso is among the 95% of Texas counties that have some shortage of primary-care physicians. The hope is they will stay and practice medicine in El Paso after medical school and residency. El Paso County, which includes the city of the same name, is among the 95% of Texas counties that have a shortage of primary-care physicians. The idea, he added, is that those participants will have a higher likelihood of staying after medical school and residency. Makena Piñon is one of five El Paso high school seniors accepted into MedFuture's first cohort.

Persons: Piñon, They're, Atul Grover, —, Grover, we've, hasn't, Dr, Richard Lange, Paul L, Lange, Makena, TTUHSC, Cynthia Perry Organizations: Healthcare, Morning, El Paso, National Center for Education Statistics —, Association of American Medical Colleges, Research, Action Institute, Office, University of Texas, Texas Tech University Health Sciences Center El, El, Foster School of Medicine, Association of American Medical, Texas Higher Locations: El Paso, Texas, El, Houston, El Paso County, —, Texas Tech University Health Sciences Center El Paso, TTUHSC El Paso, , Texas, Mississippi, Louisiana

☆ Fine wine is souring as investment prices sink
▼ + stars: | 2023-07-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. The company currently manages $375 million worth of fine wine assets (that’s a 45% increase year on year). Fine wine has had a compound annual growth rate of 10% over the last 30 years, according to the Liv-Ex investables index, which tracks the going rates for fine wines. Leading the way in losses is Bordeaux, which experienced the largest drop of all fine wine categories in June. That’s a bit worrisome, said Tiwari, as Bordeaux is the most established region in the fine wine investment market and typically maintains its price stability.

Persons: Jay, David Beckham, Stephen Curry, Liv, ”, Atul Tiwari, That’s, Tiwari, SVB, Rob McMillan, “, we’re, LIV Golf, Chris Isidore, Richard Blumenthal, Ron Price, Jimmy Dunne, Sen, ” Dunne, LIV, Clare Duffy, Clare Organizations: CNN Business, Bell, New York CNN, Cult Wines, SEC, First Citizens Bank, “, PGA Tour, Saudi, PGA, Connecticut Democrat, University of Pennsylvania Locations: New York, Bordeaux, London, Silicon, Napa, California, “ California, Saudi, American, Connecticut, Clare

☆ Former Pfizer employee charged with Covid drug insider trading
▼ + stars: | 2023-06-29 | by ( ) edition.cnn.com time to read: +1 min

CNN —The US Securities and Exchange Commission on Thursday charged a former Pfizer employee and his friend for trading on insider information regarding the success of the company’s trial for Paxlovid, its Covid antiviral drug. The US Attorney’s Office of the Southern District of New York also charged Amit Dagar, the former Pfizer employee, and his friend Atul Bhiwapurkar, in a separate case. “The charges in this case relate to the personal conduct of a former Pfizer employee in violation of the company’s policies. Shares of Pfizer rose nearly 11% on November 5, 2021, the day the company announced the results of the Paxlovid trial. Bhiwapurkar, 45, of Milpitas, California, has been charged with two counts of securities fraud and one count of conspiracy to commit securities fraud.

Persons: Amit Dagar, Atul Bhiwapurkar, ”, Dagar, Bhiwapurkar Organizations: CNN, US Securities and Exchange Commission, Pfizer, Paxlovid, US, Office, Southern, of, ” Pfizer, SEC Locations: of New York, Hillsborough , New Jersey, Milpitas , California

☆ Ex-Pfizer employee charged with illegal trading based on unreleased Covid pill trial data
▼ + stars: | 2023-06-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Federal authorities charged a former Pfizer employee and his close friend Thursday with illegally trading shares based on non-public trial results on the pharmaceutical company's Covid antiviral pill Paxlovid. The Justice Department and the Securities and Exchange Commission both announced respective insider trading charges against the former employee, Amit Dagar, and his friend, Atul Bhiwapurkar. "The charges in this case relate to the personal conduct of a former Pfizer employee in violation of the company's policies," a Pfizer spokesperson told CNBC. He was also charged with one count of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison. The DOJ announced the charges along with several other allegations of illegal trading, including charges related to the Trump media merger.

Persons: Paxlovid, Amit Dagar, Atul Bhiwapurkar, Dagar, didn't Organizations: New England, of Medicine, Pfizer, The Justice Department, Securities and Exchange Commission, DOJ, CNBC, Attorneys, Trump Locations: Hillsborough , New Jersey, Bhiwapurkar, Milpitas , California

The company, Marion Biotech, bought the ingredient — propylene glycol (PG) — from trader Maya Chemtech India, as reported by Reuters. "Marion bought commercial-grade propylene glycol," said a second source, an investigator, who declined to be named while the inquiry is ongoing. International standards allow only trace amounts of EG and DEG in pharmaceutical-grade propylene glycol. The toxins were found in cough syrups exported to Gambia by the other Indian company, Maiden Pharmaceuticals. India made it mandatory for companies to have their cough syrups tested before export from June.

Persons: Marion, Deepak Sharma, Max, Vijay Kumar, Tuhin Bhattacharya, Mool Singh, Atul Rawat, Jaya Jain, Sachin Jain, Rohan Gupta, syrups, Maiden, Saurabh Sharma, Krishna, Jennifer Rigby, Olzhas, Sara Ledwith, Michele Gershberg, Deepa Babington Organizations: Reuters, Marion Biotech, Indian, EG, World Health Organization, Authorities, . Police, Marion, Court, Maya, Maiden Pharmaceuticals, WHO, Thomson Locations: DELHI, Uzbekistan, India, Delhi, Marion, Uttar Pradesh, Allahabad, Gambia, Indonesia, London, Almaty

The grubby lanes of Musallahpur, in the north Indian city of Patna, heave with the foot traffic, banners and vending carts familiar to commercial hubs across India. Musallahpur is filled with brick-barn classrooms where 20-somethings crowd themselves and their heavy backpacks to train for standardized employment exams. With nearly 1,800 applicants for every one of the state’s top-tier jobs, they know it is the ultimate long shot. A thousand miles to the south, in the city of Coimbatore, a busy automotive parts entrepreneur, M. Ramesh, faces the flip side of India’s profound employment challenge. If the government has far more potential workers than it needs, Mr. Ramesh has far too few.

Persons: Ramesh Locations: Musallahpur, Patna, India, Coimbatore

☆ U.S.-India relations enter a new chapter and could unlock even more tech and defense deals
▼ + stars: | 2023-06-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesU.S.-India relations entered a new chapter as Prime Minister Narendra Modi and President Joe Biden announced a slew of technology and defense deals. "We were strangers in defense cooperation at the turn of the century, but now the United States has become one of our most important defense partners." That includes more military agreements, according to Atul Keshap, president of the U.S.-India Business Council, and former charge d'affaires at the United States Embassy in New Delhi said. And that is not contingent upon India supporting the United States down the line. "The U.S. understands that the human tech capital is a very important part of U.S. global leadership in innovation," said Singh, who previously served as India's ambassador to the United States.

Persons: Joe Biden, Narendra Modi, Modi, Atul Keshap, CNBC's, Biden, Raymond Vickery, Pant, Arun Singh, Singh, ORF's Pant Organizations: Joe Biden India's, White, Bloomberg, Getty, U.S . Congress, CNBC, U.S ., India Business Council, United States Embassy, India's, Washington Post, The Washington Post, F414, . Navy, Washington, Center for Strategic, International Studies, Observer Research Foundation, Carnegie India Locations: Washington , DC, India, U.S, United States, New Delhi, Republic of India, Washington ,, China, Delhi

☆ Expect more military cooperation between the U.S. and India, says U.S.-India Business Council
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect more military cooperation between the U.S. and India, says U.S.-India Business CouncilAtul Keshap, president of the U.S.-India Business Council, and former Charge d'Affaires at the United States Embassy in New Delhi, says "it is clear that the diplomatic, military, strategic, economic, technological convergence between the U.S. and India is really starting to hit the accelerator pedal."

Persons: Atul Keshap Organizations: U.S, India Business, U.S ., India Business Council, United States Embassy Locations: India, U.S, New Delhi

☆ Jefferies discusses SoftBank CEO Masayoshi Son's investments
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoftBank's Masayoshi Son was early to investment themes but hasn't picked the best stocks: JefferiesAtul Goyal, managing director at Jefferies, says SoftBank Group CEO Masayoshi Son has been "very early" when it comes to investment themes such as e-commerce, but hasn't made the "best" stock picks.

Persons: Son, hasn't, Jefferies Atul Goyal, Jefferies, Masayoshi Son Organizations: SoftBank

AHMEDABAD, India, June 16 (Reuters) - Early warnings, accurate identification of vulnerable areas and timely evacuations helped India to avert major casualties from cyclone Biparjoy, which battered the west coast near Pakistan late on Thursday, authorities said. India and Pakistan evacuated more than 180,000 people from the coastal areas to safety ahead of the cyclone. In 1998, a major storm in Gujarat killed about 4,000 people, according to local media, while in 2021, close to 100 people died in an 'extremely severe cyclone' named Tauktae. "Early identification of areas that were likely to be impacted by the cyclone and timely evacuation of people living within 10 km of the coasts are the biggest reasons" for low casualties, said Kamal Dayani, a senior Gujarat official. [1/5] A drone view of a broken bridge during the aftermath of Cyclone Biparjoy after it made landfall, along the Naliya-Bhuj highway, in the western state of Gujarat, , India, June 16, 2023.

Persons: Kamal Dayani, Francis Mascarenhas, Atul Karwal, Dayani, Sumit Khanna, Sudipto Ganguly, Kevin Liffey, Conor Humphries Organizations: Biparjoy, REUTERS, Authorities, Force, Thomson Locations: AHMEDABAD, India, Pakistan, Gujarat, Bhuj, Kutch, Ahmedabad, Mumbai

☆ Indian police charge lawmaker with sexual harassment in case brought by female wrestlers
▼ + stars: | 2023-06-15 | by ( Rupam Jain | ) www.reuters.com time to read: +2 min

Public Prosecutor Atul Srivastav read out the charges at a court hearing in the capital New Delhi. A police source said last week more than 155 people have been questioned in the investigations against Brij Bhushan Sharan Singh, a member of parliament from Prime Minister Narendra Modi's party. The investigations followed months of complaints by the country's top wrestlers, including several Olympic and Asian Games medallists. Amid mounting outrage, the wrestlers suspended their protest after Sports Minister Anurag Thakur promised a June 15 deadline to conclude the probe into Singh. Reporting by Rupam Jain; Writing by Raju Gopalakrishnan; editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Brij Bhushan Sharan Singh, Narendra Modi's, Atul Srivastav, Singh, Amit Shah, Anurag Thakur, Rupam Jain, Raju Gopalakrishnan, Shri Navaratnam Organizations: Wrestling Federation of India, Indian, Bharatiya Janata Party, BJP, Games, Sports, Singh, Thomson Locations: Colonelgunj, DELHI, New Delhi

A second passenger train, heading in the opposite direction, then struck some of the dislocated cars. More than 2,200 passengers in all were onboard the passenger trains, according to railway officials, and at least 23 cars were derailed. The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in the southern city of Bengaluru to Kolkata, the capital of the northeastern state of West Bengal. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others.

Persons: Ashwini Vaishnaw, Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bengaluru, Kolkata, West Bengal, Odisha, Bhubaneswar, Odisha’s, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

☆ 10 images of the devastation following a 3-train crash in India that killed nearly 300 passengers
▼ + stars: | 2023-06-03 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: 1 min

The cause of the crash is not immediately apparent. Officials told reporters that a "high-level inquiry" has been ordered. This frame grab taken from an AFPTV video footage on June 3, 2023, shows injured survivors receiving treatment at the Bhadrak District Hospital after a horrific three-train collision that took place near Balasore. STR/AFPTV/AFP via Getty Images"The force with which the trains collided has resulted in several coaches being crushed and mangled," Atul Karwal, chief of India's National Disaster Response Force, told local news, per the BBC.

Persons: Atul Karwal Organizations: Getty, Force Locations: Bhadrak, Balasore, AFP

☆ SoftBank shares swept up in AI chip frenzy ahead of Arm IPO
▼ + stars: | 2023-06-02 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

TOKYO, June 2 (Reuters) - SoftBank Group Corp (9984.T) shares jumped 5% in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate, which has been hit by the slumping value of its tech portfolio, has seen its shares gain 17% since last week's close. On Friday, SoftBank passed the psychological level of 6,000 yen for the first time since February. "We expressed a view that SBG stock will rally ahead of the ARM IPO later in the year... "He feels that 'finally my time has come'," SoftBank Chief Financial Officer Yoshimitsu Goto told reporters at an earnings briefing last month.

Persons: SoftBank, Jefferies, Atul Goyal, Masayoshi Son, Yoshimitsu Goto, Sam Nussey, Jacqueline Wong, Christopher Cushing Organizations: SoftBank Group Corp, U.S, Nvidia Corp, Semiconductor, ARM, Advantest Corp, Tokyo Electron, Thomson Locations: TOKYO, Philadelphia

☆ Indian shares rise ahead of Fed rate decision
▼ + stars: | 2023-05-02 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, May 2 (Reuters) - Indian shares advanced on Tuesday, aided by broad-based gains across sectors, driven by March-quarter earnings, as investors await the interest rate decision by the U.S. Federal Reserve on Wednesday. The Nifty 50 (.NSEI) was up 0.49% to 18,153.10 as of 9:51 a.m. IST, while the S&P BSE Sensex (.BSESN) gained 0.45%. Twelve of the 13 major sectoral indexes advanced, with the high-weightage financials (.NIFTYFIN) and information technology stocks (.NIFTYIT) rising 0.5% and 1%, respectively. The benchmark Nifty 50 index (.NSEI) rose over 4% in April, its best month since November 2022. Among individual stocks, Mahindra & Mahindra Financial Services Ltd (MMFS.NS) surged 5% after reporting a year-on-year rise in consolidated profit in the March quarter.

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