UPS Financial News

₹4,260. Also Read: L&T, Siemens, ABB, Thermax share prices rise up to 70% in a year. Should you Buy, Sell or Hold the capital goods majors? Mint gathered opinions from various experts to determine the recommended course of action regarding the stock.

By Takahiko Wada and Leika Kihara

BEIJING (Reuters) — China's factory output sped up in the January-February period and beat expectations, marking a solid start for 2024 and offering tentative relief to policymakers who are seeking to shore up faltering economic growth.

BEIJING (Reuters) — Property investment in China slid 9.0% year-on-year in the first two months of 2024, compared with a 24.0% fall in December 2023, National Bureau of Statistics (NBS) data showed on Monday.

Investing.com-- Chinese industrial production grew more than expected in the first two months of 2024, as manufacturing output continued to benefit from supportive policies and monetary stimulus from the government.

By Colleen Howe

BKC. In a post on social media platform X (formerly known as Twitter) on March 17, Kotak responded to user Nilesh Shah's (@NileshShah68) post converting the USD real estate sale to Indian Rupees. "New York commercial office building going at ₹~ 16000 per Sq Ft." wrote Shah.

ITC Ltd.'s investors have been a worried lot this year. The company's stock has fallen a little over 9% since the year began, which is substantially higher than the 5% drop witnessed by the sectoral index Nifty FMCG in the same period. This weakness in the company's stock comes after it had consecutively outperformed the sectoral index in the previous two calendar years.

Conservative leader Pierre Poilievre has shot back at B.C. Premier David Eby’s comment that his plea to halt a federal carbon price increase is a “baloney factory” campaign tactic.

Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.

Edited excerpts: From the perspective of NRIs and foreign investors, there has been a consistent uptick in investments in India year on year, fuelled by the country’s stable and genuine long-term growth trajectory. With a projected growth rate of 6.5% this year, surpassing that of any other country, and an anticipated GDP of $5 trillion by FY25, India's market is garnering increasing attention.

Let’s assume that is true, I offered. “So neither him, nor you think about all the spending you have just done? Just the joy and satisfaction of making your son happy is all that matters?” I asked. She told me that the expenses were too high for them, but that the son did not come every day. “We must adjust,” she proposed. Our relationship with money ends up being strained and false with these kind of experiences. We cease to be honest about money to ourselves. What is done under the shroud of care could sow the seeds for resentment later. Stretching oneself beyond one’s means is mostly likely to be painful. These expenses will hurt the parents and also damage the relationship the boy has with money.

Bitcoin and gold are zooming, which is not new, because the things people trade in go up and down. These two asset classes don’t interest me, and from time to time, I marvel why people invest in these. Is the current bull run in the two more or less the same? The answer is, mostly, yes. However, I’ll point out something that is different. Gold and Bitcoin are both useless asset classes that produce nothing. In origin and nature, these couldn’t be more different. Gold is the simplest form of wealth to understand; if it’s physical gold, it’s worth something. It has been used as a store of wealth and currency for millennia. Bitcoin is quite the opposite. In physical sense, it does not exist; it is entirely a technological construct. Fifteen years after its invention, relatively few people understand what it is and why it’s worth anything. I don’t know how many people genuinely understand what a blockchain, token, or NFT is, or what a crypto transaction actually does. Yet, in global finance, both are functionally the same. They are both functioning as currencies that are being used as havens from the rain of US dollars, which has now become a flood. Despite their fundamental differences, convergence in their function as safe havens reveals a broader narrative about diversifying assets in times of economic uncertainty. The deluge of US dollars can potentially safeguard their wealth against inflation and devaluation. At least, that’s the theory.

₹11.1 trillion for FY25 in the interim budget in February. Virmani said expectations of growth beating estimates this year was really the capital expenditure multiplier of the budget working through the system, which will continue over the years and get better. Building infrastructure is helping not just the GDP growth, but has also added more employment for construction workers, he said.

By Wayne Cole

Dividend paying stock: Shares of Oil India Ltd, Tierra Agrotech Ltd, and Tine Agro Ltd will be in focus when the stock market opens on March 18 (Monday). The Board of Directors of the 3 companies have declared interim dividend, rights issue, bonus issue, and stock split for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 18.

Investing.com-- Singapore’s key non-oil exports fell more than expected in February, as a new-year boost in demand now appeared to be running out of steam, while strong figures for January were also revised lower.

By Farah Master, Tingshu Wang and Xiaoyu Yin

By Judy Hua and Kevin Yao

By Sam Nussey, Fanny Potkin and Miho Uranaka

By Makiko Yamazaki, Scott Murdoch and Kane Wu