UPS Financial News

The ‘pawsome’ reunion pulls at the heartstrings.The moment a southern Alberta man is reunited with two of his dogs after an ordeal that landed him in the hospital after being stuck in the mud for two days near Taber.The dogs excitedly jumping up to greet him, full of affection, after days of not seeing him.Taber Lost Paws Society shared a touching video Saturday of the moment Hero and his canine companion Tora were reunited with their owner after he was released from hospital.The dogs had been in the care of the society while the 61-year-old man was recovering from injuries he suffered during the incident last week.Police told Global News the man had been out walking with his dogs when he became stuck in a muddy ditch, both dogs refused to leave his side.Officers were initially alerted to a large dog in the area but were unable to locate it when they arrived on site. A few hours later, police learned a man and his dog were bitten by the original large dog while in the area.When police returned to the scene, they noticed an Akita mix dog laying on a nearby berm.

Sandip Sabharwal, asksandipsabharwal.com, says “the IT outsourcing industry is facing challenges in terms of demand but this could incrementally be positive in my view. I do not think this is incrementally negative. Most analysts are giving a sell on Wipro today; I am not so sure about that. This is something to be tracked.” Sabharwal further says that “it seems very clear that the main reason for Chandra Shekhar Ghosh resigning as CEO & MD of Bandhan Bank could be some reservation from the regulator, although we are not privy to that. Otherwise, when the board had approved his extension, there was no reason for him to step down.” Maybe we can start off with your take as to what is going on with respect to Wipro? There has always been a lot of uncertainty with respect to the top position at Wipro. Do you think that even with the new CEO, the improvement is going to be gradual? How do you expect the stock to react? Sandip Sabharwal: It will be a gradual process.

Siemens Ltd. traded at Rs 5707.1 on BSE at 11:06AM (IST) on Monday, up 1.24 per cent from previous close. The stock quoted a 52-week low price of Rs 3240.0 and a high of Rs 5772.6.

Godrej Properties Ltd.(up 6.7 per cent), Macrotech Developers Ltd.(up 2.96 per cent), Phoenix Mills Ltd.(up 2.68 per cent), DLF Ltd.(up 1.74 per cent) and Mahindra Lifespace Developers Ltd.(up 1.73 per cent) were among the top gainers.

Gland Pharma Ltd.(up 4.74 per cent), Glenmark Pharmaceuticals Ltd.(up 2.42 per cent), Torrent Pharmaceuticals Ltd.(up 1.57 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 1.32 per cent) and Cipla Ltd.(up 1.08 per cent) were among the top gainers.

Havells India Ltd. traded 1.29 per cent up in Monday's trade at 10:25AM (IST). Around 26,357 shares changed hands on the counter. The counter opened at Rs 1564.95 and touched an intraday high and low of Rs 1583.1 and Rs 1553.9, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1590.9 and a 52-week low of Rs 1158.5.

GAIL (India) Ltd. traded 3.43 per cent up at Rs 197.25 at 10:35AM (IST) on Monday, even as BSE benchmark Sensex gained 380.45 points to 74628.67. The stock had closed at Rs 190.7 in the previous session. The stock quoted a 52-week high price of Rs 197.7 and 52-week low of Rs 102.95, respectively. As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 836633 shares with a turnover of Rs 16.31 crore.

oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US — the world’s biggest oil producer — to consume more domestic barrels. American sanctions have stranded Russian cargoes at sea, with Venezuelan supply a potential next target. Houthi rebel attacks on tankers in the Red Sea have delayed crude shipments. And despite the turmoil, OPEC and its allies are sticking with their production cuts. It all adds up to a magnitude of supply disruption that has taken traders by surprise. The crunch is turbocharging an oil rally ahead of the US summer driving season, threatening to push Brent crude, the global benchmark, to $100 for the first time in almost two years. That’s amplifying the inflation concerns that are clouding US President Joe Biden’s reelection chances and complicating central banks’ rate-cut deliberations.

Avenue Supermarts Ltd. traded at Rs 4743.65 on BSE at 10:30AM (IST) on Monday, up 2.61 per cent from previous close. The scrip quoted a 52-week low price of Rs 3353.05 and a high of Rs 4746.0.

The smell comes from a concoction of cow urine, an unrefined sugar known as jaggery, and other organic materials that act as fertilisers, pesticides and bad weather barriers for his corn, rice, leafy greens and other vegetables on his farm in Guntur in India's southern Andhra Pradesh state. The region is frequently hit by cyclones and extreme heat, and farmers say that so-called natural farming protects their crops because the soil can hold more water, and their more robust roots help the plants withstand strong winds. Andhra Pradesh has become a positive example of the benefits of natural farming, and advocates say active government support is the primary driver for the state’s success. Experts say these methods should be expanded across India's vast agricultural lands as climate change and decreasing profits have led to multiple farmers' protests this year. But fledgling government support across the country for these methods means most farmers still use chemical pesticides and fertilisers, making them more vulnerable when extreme weather hits. Many farmers are calling for greater federal and state investment to help farms switch to more climate change-proof practices.

Godrej Consumer Products Ltd. gained 4.48 per cent to Rs 1263.55 in Monday's trade as of 10:10AM (IST). The stock hit a high price of Rs 1277.05 and low of Rs 1225.0 during the session.

Lexus Granito(India)Ltd.(up 4.18%), Oriental Trimex Ltd.(up 2.04%), KIOCL Ltd.(up 2.03%), Sandur Manganese & Iron Ores Ltd.(up 1.26%), NMDC Ltd.(up 0.58%), 20 Microns Ltd.(up 0.36%) and Coal India Ltd.(up 0.11%) were among the top gainers.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.68%) were among the top gainers.

Sensex and Nifty scaled fresh all-time peaks, the combined market capitalisation of all listed stocks on BSE hit the Rs 400 lakh crore milestone for the first time ever on Monday. With retail investors shifting their savings from traditional investment avenues, BSE’s m-cap has seen a growth of Rs 100 lakh crore in just 9 months. The Rs 300 lakh crore mark was touched on 5 July 2023 when Nifty was at 19,400-level. Since then the index is up over 16% and scaled a fresh peak of 22,623.90. The rally has been much sharper in smaller stocks with hundreds of small and midcap stocks giving multibagger returns.

Panama Papers Scandal: Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub. The defendants due to go on trial in a Panamanian criminal court include Jurgen Mossack and Ramon Fonseca Mora, the founders of the now-defunct law firm at the centre of the scandal.

The Economist’s parent company), for $1.6bn. The pair will team up to make EVs. To succeed, these efforts must still produce a competitive product with unique features.

TOKYO—Japan’s largest telecommunications company and the country’s biggest newspaper called for speedy legislation to restrain generative artificial intelligence, saying democracy and social order could collapse if AI is left unchecked. Nippon Telegraph and Telephone, or NTT, and Yomiuri Shimbun Group Holdings made the proposal in an AI manifesto to be released Monday. Combined with a law passed in March by the European Parliament restricting some uses of AI, the manifesto points to rising concern among American allies about the AI programs U.S.-based companies have been at the forefront of developing.

Bandhan Bank, Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). While Hindustan Copper, SAIL and Zee entered the ban list last week, Bandhan Bank is the latest entrant.

Titan Company with a target price of Rs 4300. The current market price of Titan Company Ltd. is Rs 3754.85. Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 333314.87 Crore) operating in Gems and Jewellery sector.

“Cyclicals, commodities, capex are the most promising segments in the market,” says Somnath Mukherjee, CIO & Senior Managing Partner – Product & Research, ASK Private Wealth. In an interview with ETMarkets, Mukherjee said: “India’s a structural growth story, so expect FII flows to remain quite good. The real breakout will be the start of US rates cuts,”. Edited excerpts: As we step into FY25 – how do you see markets in the next financial year? Do you see a double-digit return? Somnath Mukherjee: Markets are pricing in multiple best-case scenarios currently – a)Current Ruling Party’s victory in elections, b)inflation continuing on its downward trajectory, c)US rate cuts sometime during the year, and d)conflict zones remaining non-disruptive.