While William Shakespeare in his poetic verse wrote “What’s in a name”, markets seem to prove that “Everything is in the name”. The shares of infrastructure and real estate company Parle Industries jumped another 5% on Friday, hitting the upper circuit for the third consecutive session after Prime Minister Narendra Modi gifted his Italian peer Giorgia Meloni a bag of ‘Melody’ toffees, made by the unlisted FMCG company Parle Products.

During his visit to Italy, PM Modi gifted a bag of candies to his Italian counterpart. The Italian PM shared a video of their interaction on social media, which has now gone viral. In the video, she described it as a “very, very good toffee.” While social media went into a frenzy over PM Modi gifting PM Meloni a bag of ‘Melody’, investors sweetened the wrong ‘Parle’ stock.

Mumbai-based Parle Industries is associated with developing infrastructure and real estate projects, along with managing paper waste recycling operations. The company has no connection with its namesake Parle Products, which makes the popular Parle-G biscuits and other products, including the melody toffee.Parle Products is one of India’s oldest consumer goods companies. The viral moment also spilt into corporate branding campaigns, with Air India posting on X, “Some places don’t need introductions, just the right melody,” underscoring how the Modi-Meloni Melody exchange quickly evolved from a diplomatic gesture into a marketing moment for Indian brands.

In an interview with CNBC-TV18, Parle Products Vice President Mayank Shah said that Melody is already exported and available in 100 countries. He added that PM Modi’s gesture was a nice way of pushing Indian products and giving a global stage.
The Melody moment also came at a time when there were speculations that Parle Products was in early-stage talks for a potential initial public offering. Modi’s Meloni gift could have been a great global roadshow before aiming for D-Street entry. However, Parle Products management told CNBC-TV18 that it is not considering listing on exchanges right now.

Parle Industries share price

Parle Industries shares jumped 5% to Rs 5.78 apiece on BSE on Friday to hit the upper circuit for the third consecutive session. The microcap company has seen its share price rally 16% in just three sessions after the viral ‘Melody’ moment.

The company currently has a market capitalisation of more than Rs 28 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Consumption trends in India’s equity markets continue to show a mixed but gradually improving picture, with investors increasingly becoming selective across consumer-facing sectors. While quick service restaurants (QSR) continue to face pressure, premium retail and select FMCG-linked businesses are showing stronger resilience and visibility.

Speaking to ET Now, market expert Rahul Shah from MOFSL said that Page Industries stands out as one of the strongest recovery stories within the consumer space. He highlighted improving growth momentum and positive management commentary, pointing out that “strong performance, upbeat on the sales part, 11% quarter-on-quarter growth, and we believe that after a long time we have seen this kind of growth coming back in Page.” He also noted that earnings estimates have been revised upward and that the company’s product expansion through digital platforms and retail channels is supporting visibility. According to him, Page Industries offers rare double-digit growth visibility in a volatile market and remains reasonably valued given its long-term growth outlook.

On other consumer names such as Nykaa and Honasa, Shah adopted a more cautious stance. He said Nykaa was largely in line with expectations and while the numbers were stable, “I feel that there is limited upside on the stock,” indicating that major re-rating potential may be capped in the near term. Honasa too was seen as largely aligned with expectations without strong immediate triggers for upside.

On broader consumption strategy, Shah suggested a balanced portfolio approach combining select FMCG names with premium consumption plays. He emphasized Marico as a consistent performer in the FMCG space, stating that it continues to stand out due to market share strength, product launches, and earnings sustainability. Along with Page Industries, he sees FMCG leaders like Marico as key anchors for playing the consumption theme in the current market environment.

In the insurance space, Shah reiterated the importance of maintaining sector allocation in portfolios. While acknowledging strong numbers from LIC, including growth in value of new business margins and annual premium equivalent, he expressed a preference for Max Financial Services within the space. He highlighted strong margins, robust growth, and expanding distribution channels beyond banks, noting that “Max remains our preferred bet and we see 20% upside in it.” At the same time, he indicated that LIC could act as a rerating candidate given improving sentiment and market positioning.

On the pharma sector, Shah observed that the space continues to outperform broader markets, supported by global uncertainty and defensive positioning. He noted that the Nifty Pharma index is at a 52-week high and highlighted strong performance from Sun Pharma and Aurobindo Pharma. While acknowledging that Cipla and Dr Reddy’s delivered weaker results, he maintained a constructive outlook on large-cap pharma, suggesting that Sun Pharma remains a key stock to watch, especially after its earnings, while Aurobindo Pharma also looks attractive after meeting street expectations.
Overall, the market narrative continues to shift towards selective consumption recovery, steady pharma strength, and insurance-driven defensive growth. With earnings visibility diverging across companies, investors are increasingly focusing on stock-specific opportunities rather than broad sector bets.

1506 ET – Oil futures post back-to-back losses as President Trump says the U.S. is in the final stages of negotiations with Iran, raising hopes of a deal to end the conflict and reopen the Strait of Hormuz. Still, Trump adds that failure to reach a deal meant a resumption of military action. “Typical Trump style, but the market is buying into the possibilities,” says Mizuho’s Robert Yawger in a note. Hopes for an agreement led the market to overlook a bullish EIA inventory report showing U.S. commercial crude stocks down by 7.9 million barrels last week, although distillate stocks rose for a second straight week. WTI settles down 5.7% at $98.26 a barrel and Brent falls 5.6% to $105.02.(anthony.harrup@wsj.com)

Oil Futures Extend Losses on Hopes for U.S.-Iran Deal

1235 ET – Oil futures extend losses as the market focuses on hopes for a deal to end the U.S.-Iran conflict and reopen the Strait of Hormuz. The fact prices could fall further following a bullish U.S. crude stock drawdown for last week “tells me it’s more likely than not some kind of negotiation is happening,” says BOK Financial’s BOKF -0.17%decrease; red down pointing triangle Dennis Kissler. “The market is anticipating some sort of agreement.” The EIA reported a 7.9 million barrel decline in commercial crude stocks, along with a 9.9 million barrel release from the Strategic Petroleum Reserve. WTI is off 5.2% at $98.75 a barrel and Brent falls 5.5% to $105.16 a barrel. (anthony.harrup@wsj.com)

NEW YORK — President Donald Trump purchased between $1 million and $5 million worth of shares in Kura Sushi USA Inc. on Feb. 2, 2026, according to financial disclosures released on May 14, 2026.

Kura Sushi USA operates the Kura Revolving Sushi Bar chain, known for its conveyor-belt system that delivers sushi plates to customers. The company is the U.S. subsidiary of Japan’s Kura Sushi Inc. and is listed on Nasdaq under the ticker KRUS.

The investment was part of a broader portfolio of stock trades executed in the first quarter of 2026. Trump’s disclosures also included significant positions in major technology companies such as Nvidia, Amazon and Apple, with total trades estimated between $220 million and $750 million during the period.

Kura Sushi USA had 27 locations in California as of May 2026, with additional sites in other states. Northern California restaurants include locations in San Francisco’s Stonestown Galleria, Cupertino and Berkeley. The chain has expanded using automation and technology to enhance the dining experience.

Shares of Kura Sushi USA rose following the disclosure of Trump’s stake. The stock gained more than 6% on the day the filing became public, with the Japanese parent company also seeing gains of up to 5.4%.

Trump has publicly expressed dislike for raw fish and sushi in the past. Despite this, the investment proceeded through third-party financial advisers managing his portfolio. A spokesperson for the Trump Organization stated that neither Trump nor his family members participate directly in day-to-day investment decisions.

Kura Sushi USA focuses on fresh ingredients prepared without artificial additives, following the Japanese parent company’s “muten” philosophy. The revolving sushi concept originated in Japan in 1977, and the U.S. operation has grown steadily since its establishment in 2008.

The company has outlined plans for further U.S. expansion, emphasizing technology and automation. It operates more than 90 locations nationwide as of May 2026, with additional sites in development.

The disclosure comes from the U.S. Office of Government Ethics. Presidents are required to file periodic financial reports detailing assets, investments and transactions. The forms use ranges rather than exact figures for privacy and reporting purposes.

Kura Sushi USA shares a name similarity with some Japanese technology firms, leading to occasional confusion in market commentary, though the company is strictly a restaurant operator.

The investment has drawn attention due to Trump’s known preferences and the relatively small size compared to his other holdings. Analysts noted it as one of the more unusual entries in his first-quarter portfolio.

Kura Sushi USA reported steady growth prior to the disclosure. The chain emphasizes interactive dining with touch-screen ordering and plate-counting systems that reward customers. It has introduced promotions such as Hello Kitty collaborations to attract families and younger diners.

The broader restaurant industry has faced challenges with labor costs and consumer spending, but conveyor-belt concepts have maintained appeal through efficiency and novelty. Kura Sushi continues opening new locations while refining its model.

No official comment from the White House addressed the specific investment in Kura Sushi. The Trump Organization maintains that all investments are handled independently to avoid conflicts of interest.

The disclosure reignited discussions about presidential investments and potential conflicts. Similar scrutiny has followed previous administrations regarding business holdings during terms in office.

Kura Sushi USA’s parent company in Japan holds a majority stake in the U.S. operation. The brand has expanded aggressively in the American market, targeting malls and urban centers with high foot traffic.

Financial filings show Trump executed more than 3,700 trades in the first quarter through advisers. The portfolio mix includes technology, defense and other sectors alongside the restaurant investment.

Industry observers will monitor how the investment performs and whether it signals any broader interest in consumer or restaurant stocks. Kura Sushi USA continues normal operations across its California and national locations.

The company’s California presence includes both standalone restaurants and mall-based outlets. Popular items feature fresh tuna, salmon and specialty rolls delivered via the signature conveyor system.

This marks one of several notable investments disclosed in Trump’s latest ethics filing. The full document details assets and transactions required for transparency during his presidency.

Britain’s largest online retailer has waded into one of the most uncomfortable debates in Westminster and the boardroom: who, exactly, is to blame for almost a million young people sitting outside the labour market?

The answer, according to Amazon’s UK country manager John Boumphrey, is not the young people themselves.

In a candid interview with the BBC’s Big Boss series, Boumphrey said the prevailing narrative that Generation Z lacks motivation, resilience or grit simply does not square with what his managers see on the warehouse floor. “We have to stop blaming young people,” he said, arguing that the education system is no longer “producing young people who are ready for work”.

Coming from the man who runs an operation employing 75,000 people across roughly 100 UK sites — half of them recruited straight out of school, college or unemployment — the intervention will sting employers who have spent the past 18 months grumbling about a “soft” younger workforce.

A million reasons to pay attention

The numbers behind Boumphrey’s comments are sobering. Almost a million 16- to 24-year-olds in the UK are now classified as NEET — not in education, employment or training — a figure that has hovered uncomfortably close to seven-figure territory for more than a year, according to the Office for National Statistics. At the same time, the headline unemployment rate ticked up to 5 per cent in the three months to March, from 4.9 per cent a month earlier.

For SME owners, who account for the lion’s share of first jobs in Britain, the picture is grimmer still. Hospitality has retrenched, graduate schemes have thinned and entry-level vacancies in retail have collapsed, leaving fewer of the rungs school leavers traditionally use to climb into work. Business Matters has tracked the trend through the year, including in our recent report on how the NEET rate is closing in on the one-million mark.

Boumphrey’s argument is that the diagnosis matters. “I think too often you read about young people that somehow they lack motivation, they lack resilience, they lack the will to develop skills,” he said. “That is not our experience. We work with some individuals who are probably furthest from work and that’s where we actually see the biggest transformation.”

The case for compulsory work experience

His proposed remedy is unfashionably practical: make a stint of work experience mandatory for every over-16 in the country.

He argues that even a single week on a real shop floor, in a logistics hub or in an office teaches the soft skills schools struggle to deliver. “If you get a T-level student, they come in for a week, they understand the value of teamwork, of communication and problem solving,” he said. “It’s not a motivation problem, it’s a system problem, and that requires a system response.”

The T-level itself, introduced in 2020 and structured around a mandatory industry placement of at least 315 hours, has been quietly absorbed by larger employers but remains a foreign concept to many smaller firms. As Business Matters has set out before, T-levels carry real upside for SME employers willing to host a placement, not least because they create a low-risk pipeline of pre-trained recruits.

The Amazon paradox

The irony, Boumphrey concedes, is that his own business cannot find enough of the workers it needs. Amazon has just over 100 premises in the UK, including 30 fulfilment centres, and is on course to add several more on the back of its £40bn UK expansion programme. Yet roles built around its newer robotic infrastructure — mechatronics engineers, robotics technicians, maintenance specialists — sit stubbornly unfilled.

“When Amazon introduced robots into its warehouses there was some concern they would replace people,” he said. “Actually, the reverse happened. We ended up employing more people. Mechatronics engineers, people who can actually maintain the robots, people who are technicians, they’re not roles that exist. We can’t find enough people to fill those roles.”

His proposed fix is regional and collaborative: business, local authorities and further education colleges sitting around the same table to map skills gaps in each travel-to-work area, rather than relying on a one-size-fits-all national curriculum.

Tax, scale and the political subtext

The Amazon UK boss could hardly avoid the perennial question of tax, given the group’s scale and its political profile. He claimed the company contributed “more than £5.8bn” in the UK last year and insisted Amazon pays “all the tax we’re meant to pay”. The wider contribution, he argued, must also be measured in the 75,000 jobs the company underwrites.

Amazon now accounts for roughly 30 per cent of all online sales in the UK and, earlier this year, overtook Walmart as the world’s largest company by annual revenue. That scale gives Boumphrey a louder microphone than most when he tells policymakers and fellow employers that the country’s youth jobs problem is structural, not generational.

For SME owners watching from the sidelines, the takeaway is uncomfortable but useful. The labour market is not short of young people who want to work. It is short of pathways that prepare them to do so — and, increasingly, short of employers prepared to build those pathways themselves.

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