UPS Financial News

Sebi's approval for an IPO.

Artificial intelligence is sweeping across the economy. It’s showing up in the stock market with Nvidia’s meteoric rise, and the marketing blitz around AI is inescapable, whether from software providers peddling the promise of harnessed data to golf-club makers trumpeting an AI design. Narrow AI is now a real tool, and companies are figuring out how to deploy it.

JK Paper with a target price of Rs 720. The current market price of JK Paper Ltd. is Rs 431.8. JK Paper Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 7359.68 Crore) operating in Paper sector.

Saints and sages are giving “mystical” and “mythological” reasons for the ruling party's shocking loss in Ayodhya, from Jagadguru Rambhadracharya calling non-BJP voters “Manthra ke vanshaj” to Jagadguru Paramhans Acharya calling it a “intentional one” to honour a Dalit candidate since Lord Ram ate Shabri's fruits. Paramhans also predicted that Ayodhya MP Awadhesh Prasad, 78, will not be around for too long and the BJP will rule there again. 100-day goals on the radio:

—Name withheld on request.

Nasdaq ended higher on Tuesday, helped by sharp gains in shares of Apple, while investors also awaited consumer prices data and a policy announcement from the Federal Reserve. Apple shares jumped to a record and gave the S&P 500 and Nasdaq their biggest boosts after the stock declined in the previous session.

ChatGPT to fine-tune his skills.

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media

A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot

«The next important signpost, of course, for the market would be the 100-day plan and of course the budget which will show us the way forward. But I think all indications are that it will be more of a continuation with the sector leadership remaining the same rather than anything materially different,» says Trideep Bhattacharya, CIO-Equities, Edelweiss MF. Market also had a very quick and sharp haircut on Tuesday, but then rebound equally sharply, barely giving anybody to deploy extra capital which was sitting on the side. I want to understand from you that the way messages from the government side of continuity and all the five most strategic and core kind of ministries were retained by BJP, so there was no compulsion of a coalition kind of politics displayed when the portfolio allocation was happening. Is market really taking heart because market up till now has really liked the work done by our external affairs ministry, finance ministry, even oil and gas for that matter, on various stuff? I would say that the results of elections this time have been sensible rather than sensational and that is the direction of a policy direction going forward as well.

Federal Reserve's updated interest rate projections due later in the day. Ahead of those crucial events, markets got a fresh check on the state of China's economy.

gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.

"Indigo's current international ASKM share is anywhere between 25% to 30% and with this new Airbus order, which they placed some time back, the plans are to kind of expand their wings internationally as well," says Jinesh Joshi, Prabhudas Lilladher. I would not ask you which is your favourite airline. But I would definitely tell you that I was pretty intrigued to see the latest announcement from IndiGo saying that now they are working on kind of ensuring the wanderlust of citizens, especially the Gen Z is taken care of in the form of affordable long haul. They have already announced a kind of a business class as well. So, this is a transformation of the business model which is happening. I am not even going in the direction of big orders which they have placed. So, this transformation, as they move slightly higher, affordable long haul, longer routes overseas which was up till now completely captured by overseas airlines and even business class, will it improve their yields meaningfully in the years to come? Definitely they are taking baby steps towards premiumisation.

«Actually, within the power sector, if you look at the distribution companies, then I would say that they have been simply overvalued. Power Grid romping ahead into the overvaluation territory is clearly visible,» says Mahantesh Sabarad, Independent Market Expert. Will you use this dip as a buying opportunity on the likes of IndiGo and Honasa? Both these companies have very profitable outlook. So, generally a dip should mean that one can take a bite of these companies. But, if I look at IndiGo, you are entering the lean season right now and therefore one needs to be a little careful when it comes to the airline stock. As far as Honasa is concerned, they are in for a little tough competition ahead. So, one would rather wait out what the management would like to say post these dips, post these equity changes, etc, to really make more sense of it. As it is the overall market seems to be a little shaky right now and therefore we might have an effect on these two stocks.

«No, we opted for slight shift, sector rotation into the consumption and like you mentioned the broader lower, the rural consumption. See, one of the things with coalitions is that you will definitely expect a little bit of more revenue expenditure to go down the thing,» says Sunil Subramaniam, MD & CEO, Sundaram Mutual. What is it that you have done in the last week? Were you a seller in Tuesday's weakness and then a buyer thereof or were you buying on Tuesday when everyone was in panic mode? Yes, we were continuous buyers. Because the panic was essentially a concern driven around the coalition dharma and how that would affect allocations the government to capex and all of those kind of worries, whether the government would indeed be strong, would the two main support partners of the NDA drift away or not.

«If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026,» says Manish Sonthalia, CIO, Emkay Investment. You bought into Zomato, but Zomato now has a market cap of 2 lakh crore, almost 2 lakh crore, that makes it in the top 50 companies in terms of market cap. What is the right way to look at a company like Zomato now from the valuation lens because survival has happened, turnaround has happened, growth has happened, acquisition has happened, now it is back to brass tacks, which is let us value this business which is a high growth business based on either cash flow or on other multiples? If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026.

Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC. Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10.

Conservative Leader Pierre Poilievre said he will vote against the government’s proposal to raise the capital gains tax inclusion rate, ending weeks of speculation about where he would land on the issue.

In a blaze of rhetoric that partisan politicians and their followers would be proud of, Finance Minister Chrystia Freeland finally released some of the legislative details about the proposed change to the capital gains inclusion rate from the current 50 per cent to two-thirds for corporations and most trusts as well as for individuals who have more than $250,000 of annual capital gains.

₹2.11 trillion Reserve Bank of India dividend, up 141% from the previous year. The Centre had set a fiscal deficit target of 5.9% in FY24, 5.1% in FY25 and 4.5% in FY26. It revised the target for FY24 in the interim budget in February, only to beat it thanks to higher-than-anticipated receipts and lower-than-estimated revenue spending.

Also Read: Cognizant to acquire ER&D services firm Belcan for $1.3 billion Surprisingly, there is a lack of clarity on some of the most elementary aspects of this acquisition. In an investor presentation, Cognizant said Belcan employed 6,500 people. Further, the presentation stated that Belcan had posted an 8% compounded annual growth over the last two years.