UPS Financial News

JAKARTA (Reuters) — Indonesia's February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, staying near four-month highs after a substantial draw in U.S. gasoline inventories and debilitating attacks on a key Russian fuel refinery pointed to tighter fuel supplies. 

By Junko Fujita and Tom Westbrook

Investing.com-- Most Asian currencies retreated on Thursday, while the dollar steadied from recent gains as markets sought more cues on U.S. interest rates from producer inflation and retail sales data due later in the day. 

BSE Midcap and Smallcap indices saw healthy gains, rising over a per cent each, in the morning session of trade on Thursday, March 14. The BSE Midcap index was up 1.02 per cent while the BSE Smallcap index was up 1.6 per cent around 10:25 am. The benchmark Sensex was 0.10 per cent up at that time.

silver in Delhi is Rs.75100.0 per kg, a decrease of Rs.1100.0 per kg. Gold and Silver prices in major cities are as follows: Chennai - Gold: Rs.66446.0/10g, Silver: Rs.78400.0/1kg.

Officials say the International Monetary Fund will hold a crucial round of talks with Pakistan's new government starting this week

Narendra Modi and 34 Union Ministers featured in the first list. However, at least 33 members of parliament (MPs) were dropped. Prominent names in the second list include nine Union Ministers, including Nitin Gadkari, Piyush Goyal, Anurag Thakur and Prahlad Joshi.

LTI Mindtree in the past 12-15 months, which it believes is driven by an accommodative stance during the merger process. “We would have liked quick changes, restricting the pain to 1-2 quarters. However, management’s accommodative stance to reduce risks has paradoxically turned into a riskier policy, leading to frequent senior management exits and associated instability.

JSW Steel with a target price of Rs 958. The current market price of JSW Steel Ltd. is Rs 783.2. JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 192811.82 Crore) operating in Metals — Ferrous sector.

Computer Age Management Services with a target price of Rs 3450. The current market price of Computer Age Management Services Ltd. is Rs 2804.25. Computer Age Management Services Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 13489.29 Crore) operating in Financial Services sector.

Samvardhana Motherson International with a target price of Rs 150. The current market price of Samvardhana Motherson International Ltd. is Rs 110.05.

smallcap stocks are now in bear territory with losses going as high as 84% from 52-week high levels. Some of the biggest victims of the bloodbath, which accelerated after Sebi compared the smallcap boom to irrational exuberance, are high-flying multibaggers. While the Nifty Smallcap100 index is down 14% from peak, at least 756 smallcap stocks have fallen more than 20% from recent highs. Out of them 374 stocks are down at least 30% from peak while 18 of them have crashed at least 50%, shows data from ACE Equity.

Au Small Finance Bank with a target price of Rs 720. The current market price of Au Small Finance Bank is Rs 583.35. Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 38581.60 Crore).

Epic Games, which makes the popular video game «Fortnite,» on Wednesday accused Apple of violating an injunction governing its lucrative App Store, and asked a U.S. judge to hold Apple in contempt and end its «sham» compliance. The companies have been battling in court since 2020, when Epic accused Apple of violating antitrust law by requiring consumers to obtain apps through its App Store, where it charges app developers up to 30% commissions on in-app purchases.

ecommerce business has an approach that’s probably a first — he relies on shayari (verse) to compliment employees or even a business proposal. This emerged at the first few meetings held with senior group executives. It's been quite a popular move among colleagues, who seem to have taken a liking to the ways of the new chief.

“We are up 4.4x since January 2020. A Rs 50 Lakh investment pre COVID in January 2020 would have become Rs 2.2 Crores as of 29th Feb 2024,” says Arihant Bardia, CIO and Founder, Valtrust. In an interview with ETMarkets, Bardia said: “We are 38% in large caps, 29% in mid-caps and 33% in small caps. This weight keeps changing every month during rebalance,” Edited excerpts: Thanks for being part of the segment. please take us through the performance of the funds so far in 2024 and for the calendar year 2023? In 2023, the Valtrust Momentum fund surged ahead with an impressive return of 59.1%, outperforming the broader market represented by the S&P BSE 500 TRI, which posted a return of 27.4%.

Sanjay Shah, CMD, Prudent Corporate Advisory Services, says coming to the question about the impact of a switch on the trail or the remuneration which overall investors are getting, understand that there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old advisors. Now, when the assets move to a new advisor, the new advisor will get the trail which is lower of two, the rate of the old advisor or new advisor. Help us understand AMFI's new circular on the switched AUM trail commissions. Will we see more competition in the distributor space? What is going to be the impact on the commissions expected? Sanjay Shah: It was a very long-standing demand of all the mutual fund distributors because if you look at it from the investor's perspective, an investor always has a right to choose his advisor/distributor and there could be many reasons for him to be looking for a change. It could be, let us say, the advisor's competency or let us say the advisor has been out of the profession or the investor himself has changed the location or there is a break in the relationship.

broader Indian market, which is now an underperformer in Asia Pacific after a multi-year rally. An index of small-cap stocks has lost more than $80 billion in market value in less than two weeks after authorities flagged risks of overheating and guided funds to limit purchases. The selloff deepened on Wednesday, with gauges of small- and mid-cap stocks plunging more than 4% each.

All schools were shut in March 2020 as covid engulfed the world. In India, schools did not return to normalcy till January 2022. Four years after the pandemic hit, it is useful to take stock of where we are and what we have learnt.

India’s Agni-5 test of a multiple-warhead ballistic missile places the country in a league of powers with only the US, UK, Russia, China and France as other members. Importantly, its success steps up India’s deterrence at a time China has openly begun to pursue a policy of power projection beyond its borders. Though not strictly an intercontinental ballistic missile (ICBM) of the order possessed by the Big Five that can hit targets as far as 15,000km, its 5,000km-plus range brings the farthest parts of China and even some of Europe within our strike radius.