UPS Financial News

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says “Asian Paints and Berger a few months back were the most expensive paint stocks globally. That was because of the resilient performance they have been giving and the growth in the Indian market because paints have been a very steady growth segment. But in the current context where a large player is making an entry, while Asian Paints and Berger would not, die out or lose massive market shares, but some advertising, realignment in incentives to distributors in some credit period and some other similar things cannot be ruled out. If that happens, definitely there could be some breaks in the margins or the earning trajectory in the near term.” What kind of impact are you expecting with the entry of Grasim in the paints space and what are you waiting to hear from the management? Amnish Aggarwal: Paints has been a sector where the entry of new players is not happening for the first time.

Ajay Bagga, Chairman, Elyments Platforms, says “wherever there is a compliance whiff also I think you are best served by sticking to the straight and narrow. If you want to take that kind of risk on smallcaps that is okay, on a 30-stock portfolio you say okay 2% or 5% I will risk on a couple of smallcap stocks but in a centre of plate or large companies to see governance issues or compliance issues, that becomes a very big red flag and especially in India. When you have so many alternatives, why go down that route?” What is happening to the markets? We reached fresh high levels and then this sudden bout of profit booking comes in. Do you think we are close to the top for the year or at least for the first half of the year? Ajay Bagga: Difficult to say that. But I think the big trend is that foreign investors have been selling as a cohort. Within that, there are different types of investors, of course. But FII selling is one characteristic of this market.

₹135 to ₹142 per share. At the upper end of the price band, the company plans to raise a total of ₹429 crore from the issue. The IPO comprises a fresh issue of equity shares totaling up to ₹329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.

iQOO Neo 9 Pro smartphone in India today. The smartphone is likely to provide stiff competition to the newly unveiled OnePlus 12R, while also coming at a lower price point and with similar specs. Also Read | OnePlus 12R review: Relatively affordable ‘flagship killer’ that ticks all the right boxes According to an earlier leak by tipster Mukul Sharma, citing a screengrab of the iQOO Neo 9 Pro product page, the smartphone will be priced at ₹37,999 for the 8GB RAM/256GB storage variant and with a ₹3,000 bank discount, the price of the smartphone comes down to ₹34,999.

₹65 crore "undemocratically" from the party's bank accounts by the income tax department. He said that despite the sub judice nature of the matter, the Congress party is facing an unprecedented demand of ₹210 crore when there is a common practice for National Political Parties to pay no income tax. In a post on X (formerly Twitter), Ajay Maken wrote, “Their hopes now lie with the Judiciary.

Wipro: The IT services giant on Wednesday disclosed a new deal with US chipmaker, Intel Foundry. The deal with the chip development division of Intel will see Wipro engineers work on Intel’s latest ‘18A’ chip node that will be used in cutting-edge consumer electronics devices next year onward. In an exchange filing, Wipro said the deal will cater to chip designs for clients across automotive, industrial and telecommunications verticals, and be used for “generative AI-driven designs".

Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, GMR Infra, GNFC, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR INOX, RBL Bank, and ZEEL are the 15 stocks part of the F&O ban list by the stock market exchange for February 22.The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.Sensex Today Live : Shares of NHPC Ltd, Tide Water Oil (India) Ltd, Gujarat Themis Biosyn Ltd, AVT Natural Products Ltd, AK Capital Services Ltd, Sunshield Chemicals Ltd, SG Mart Ltd, and MAS Financial Services Ltd will be in focus when the stock market opens on February 22 (Thursday). (Check details here.)Sensex Today Live : On account of weak global cues after Tuesday's sell-off on Wall Street, the Indian stock market ended lower on Wednesday.

Artificial intelligence (AI) image generators are still struggling with getting human fingers right. They are not taking away human jobs anytime soon. If that does not settle doomsday prophesies, let us discuss it logically.

Sensex dropped 434.31 points to close at 72,623.09, while the Nifty 50 settled 141.90 points, or 0.64%, lower at 22,055.05. Nifty formed a long bear candle on the daily chart that has engulfed the positive candle of previous session. “Technically, this pattern signals a formation of bearish engulfing at the highs.

NBC News. She saidthis in reference to an issue that resonates with conservative voters three days prior to South Carolina’s primary contest.

artificial intelligence (AI) chips, has projected a significant threefold increase in quarterly revenue, surpassing market expectations and propelling its shares up by 10 percent in after-hours trading, Reuters reported. The robust demand for Nvidia's data centre chips and graphics processing units (GPUs) continues to rise as companies strive to expand their AI capabilities, it added. Nvidia's silicon maintains dominance in the global AI chip market, with Microsoft among its prominent clients.

Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS

A Houston-based company is set Thursday to attempt to land America's first spaceship on the Moon in more than 50 years, as part of a new fleet of NASA-funded commercial landers intended to pave the way for astronauts to return to Earth's celestial neighbor later this decade. If all goes well, Intuitive Machines will guide its hexagon-shaped robot Odysseus to a gentle touchdown near the lunar south pole at 2230 GMT.

Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia's earnings that could determine near-term momentum for equities. After the closing bell, Nvidia shares surged 6% after it forecast fiscal first-quarter revenue above estimates on robust demand for its chips that dominate the market for artificial intelligence (AI).

Investing.com-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. 

By Colleen Howe

TOKYO (Reuters) — Japan's Nikkei share average on Thursday surged past an all-time closing high scaled in December 1989, as chip-related stocks jumped after U.S. chipmaker Nvidia (NASDAQ:NVDA)'s outlook beat market expectations.

Cisco Systems, which specializes in both networking and security solutions. Daisy Chittilapilly, India and SAARC president, Cisco told ET that as companies seek to monetize investments made in the 5G telecom infrastructure and harness the insatiable appetite for data to drive India’s announced ascent to the top three of the global economic leaderboard, the company expects New Delhi to become a top revenue-generating market for its suite of products and services.

co-production and co-development of defence items and decided to firm up a mobility and migration pact in near future as Prime Minister Narendra Modi and his visiting Greek counterpart Kyriakos Mitsotakis held extensive talks to impart “new energy” to the bilateral ties. Talking to the press after the talks, Modi said the two sides have common concerns and priorities in the fight against terrorism and there was a discussion in detail on how to further strengthen cooperation in this area. He said the growing India-Greece cooperation in defence and security reflects the “deep mutual trust”.

Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital of the company. Business: Set up in 2000 as an eight-bed hospital at Salt Lake in Kolkata by laparoscopic surgeon Dr Om Tantia, the company now operates four secondary and tertiary care hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. Each of these hospitals provides integrated diagnostic services and pharmacies. It has signed MoUs for setting up hospitals in Raipur, Chhattisgarh, and Ranchi, Jharkhand that are likely to be operational in 2025-26. The management has plans to expand operations in other tier-II cities such as Varanasi, Patna, Guwahati, Kanpur and Cuttack. However, new hospitals have longer gestation periods to mature and provide returns.

Rajya Sabha Elections 2024: As many as 41 of the total 56 leaders were elected unopposed to Rajya Sabha on Tuesday. The returning officers declared these 41 leaders winners on the last date of withdrawal of nominations as there were no other candidates in the fray on these 41 seats. Among these 41 leaders were former Congress chief Sonia Gandhi, Bharatiya Janata Party (BJP) chief JP Nadda, Ashok Chavan and Union ministers Ashwini Vaishnaw and L Murugan.