UPS Financial News

Investing.com — European stock markets traded in a mixed fashion Wednesday, with investors digesting a raft of corporate results, including disappointment from heavyweight HSBC. 

Investing.com -- U.S. stock futures tick marginally lower ahead of a busy day that will feature much-anticipated results from AI-darling Nvidia (NASDAQ:NVDA) and minutes from the Federal Reserve's January gathering. Elsewhere, Amazon (NASDAQ:AMZN) founder Jeff Bezos sells a fresh batch of shares in the e-commerce behemoth, bringing the proceeds from a raft of recent stock sales to $8.5 billion.

₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders. The offer for sale consists of the sale of equity shares of up to 11.50 lakh by Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah by each promoter.

Also Read: Auto Q3 Result Review: Expect positive momentum to sustain, says Nuvama; picks Hero Moto, M&M, Minda The fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalisation of around $47 billion in Seoul, the report added. Some domestic Indian investment banks are also likely to be appointed for the IPO in coming months.

Jindal Steel & Power share price gained more than 3% in intraday trades on Wednesday. The Jindal Steel share price that is up almost 32% since 1st November and also scaled 52-week highs in February itself. Jindal Steel had impressed with the December quarter performance as its net profits more than doubled over the year-ago quarter.

Akhilesh Yadav said on February 21 that the party's alliance with the Congress party as part of INDIA ahead of Lok Sabha elections was 'very much happening.' Yadav's statement comes at a time when Rahul Gandhi is travelling in his Bharat Jodo Nyay Yatra in Uttar Pradesh. “It is happening.

Passive income from dividends has become the lifeblood of many investors, and is one of the many reasons why they keep faith in the stock market. Even the father of value investing Benjamin Graham agreed. In his words, “The true investor will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies." The assumption is that companies paying out a slice of their earnings to shareholders typically have a record of strong profits.

BENGALURU : Daniel Dines, co-founder of enterprise automation software company UiPath, who stepped down as co-CEO to become the company’s chief innovation officer, insists that while generative artificial intelligence (GenAI) models can increase business productivity manifold, the world will need a bigger breakthrough for these models to develop human-like reasoning capability. In an interview during his visit to Bengaluru where the company set up its first office outside Romania, he spoke about how robotic process automation (RPA) is being used with GenAI to enhance customer experience, and why entrepreneurs will find it hard to survive if they simply build chatbots atop large language models (LLMs). Edited excerpts: I was lucky to find a great CEO (Rob Enslin) to do the go-to-market and day-to-day operations.

Investing.com-- Gold prices rose in Asian trade on Wednesday, extending a recent rebound as the dollar retreated in anticipation of more cues on U.S. interest rates, most notably from the minutes of the Federal Reserve’s late-January meeting. 

By David Milliken and Suban Abdulla

CBSE Class 12 Board Exam 2024: The Central Board of Secondary Education (CBSE) class 12 exams are scheduled to begin tomorrow, February 22, with the English paper. English is the common subject for all streams, be it science, commerce or humanities. The subject is considered to be among the highest-scoring exams and has the potential to improve the overall Cumulative Grade Point Average (CGPA) significantly.

PTI. On his party's possible political alliance, he said "discussions are on," and that any "good news" in this regard will be communicated to the media. While addressing reporters after leading the 7th anniversary celebrations of his Makkal Needhi Maiam, Haasan also welcomed the recent political entry of top Tamil actor Vijay.

Biocon to 'underperform' from 'hold'. However, Jefferies has maintained its target price of ₹250 for the stock, implying an 11 percent downside from its current market price of ₹281.50. "We downgrade Biocon to Underperform from Hold with an unchanged PT of ₹250.

Ambuja Cements Ltd. traded at Rs 591.8 on BSE at 12:22PM (IST) on Wednesday, up 0.5 per cent. The stock quoted a 52-week low price of Rs 324.3 and a high of Rs 596.5. Earlier in the day, the stock saw a gap up opening.

Voltas Ltd. traded at Rs 1109.5 on BSE at 12:27PM (IST) on Wednesday, up 0.35 per cent from previous close. The scrip quoted a 52-week low price of Rs 745.0 and a high of Rs 1114.85.

Here's how you can check the status on NSE:

Page Industries Ltd. traded at Rs 36619.45 on BSE at 12:37PM (IST) on Wednesday, up 0.56 per cent from previous close. The scrip quoted a 52-week low price of Rs 34968.6 and a high of Rs 43599.0.

Also Read: High time India Inc picks up the baton to further capex: RBI bulletin "Bond yields tend to move in advance of rate action and investors can look to increase allocation to Fixed Income as we expect long bond yields to keep drifting lower and expect the benchmark 10-year bond yield to go lower towards 6.50% by Q2/Q3 CY24," said Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund. The Indian bond market gave up some of its exuberance on the back of higher global bond yields but remained bullish with the longer end of the curve outperforming decently. On Wednesday, the Indian government bond yields trended down, led by recent foreign buying, while no fresh supply for the rest of the financial year also aided sentiment.

Also Read: Multibagger stock: Swan Energy delivered over 500% return in less than 3 years; up for 6th straight year During the bidding period from February 13 to February 15, the Vibhor Steel IPO garnered a remarkable subscription rate of 298.86 times. From the first day, the IPO witnessed a strong response, maintaining strong momentum throughout the three-day bidding process. This stellar response marked the IPO as the first to achieve a subscription rate exceeding 200 times in 2024.

HSBC noted the effects of China's slower-than-expected economic recovery after the Covid-19 pandemic as well as heightened geopolitical tensions. The firm reported pre-tax profits of $30.3 billion, up from $17.1 billion the year before, in a statement to the Hong Kong stock exchange. Profit after tax increased by $8.3 billion, to $24.6 billion.