UPS Financial News

Russia’s Sokol crude — meant for delivery to India — are sitting on tankers idling off the coasts of Malaysia and South Korea. They show little sign of moving. Twelve tankers are anchored, holding the key Russian crude grade. Most haven’t moved far for more than a month, vessel tracking data compiled by Bloomberg show. The build-up started when ships carrying the crude to ports around the Indian coast came to a halt late last year and then turned back towards the South China Sea as December drew to a close. Since then, the stranded shipments have been added to at a rate of about two new cargoes a week.

Buy or sell stocks for today: On account of the participatory rally in majority segments, the Indian stock market ended higher for the fifth straight session. The Nifty 50 index hit a new high of 22,186 before ending at 22,122 level.

Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.

PM Modi to visit Jammu and Kashmir on Feb 20, to initiate 'Viksit Bharat' plans Established at a cost of over 1660 crore and in an area spanning over 227 acres, the hospital is equipped with facilities like 720 beds, a Medical College with 125 seats, Nursing College with 60 seats, AYUSH Block with 30 beds, residential accommodation for faculty and staff, hostel accommodation for UG and PG students, a night Shelter, Guest House, Auditorium, Shopping Complex, etc. The state-of-the-art hospital will provide high-quality patient care services in 18 Specialities and 17 Super Specialities including Cardiology, Gastro-enterology, Nephrology, Urology, Neurology, Neurosurgery, Medical Oncology, Surgical Oncology, Endocrinology, Burns and Plastic Surgery.

Gold prices edged down in early Asian hours on Tuesday, pressured by a slightly stronger dollar and elevated treasury yields, while traders also awaited for further cues from the minutes of the U.S. Federal Reserve's last meeting.

JSW Steel: The steelmaker is in talks to pick up a 20% stake in Australia’s Blackwater coal mine from Whitehaven Coal for around $1 billion, said two people aware of the discussions. The companies are yet to decide on the final valuation.

Garena Free Fire Max is a slightly revamped version of the original Free Fire title that was banned by the Indian government in 2022. Since its debut in India, Free Fire Max has found a special place in the hearts of the Indian audience due to its vibrant graphics and intense gameplay. The release of daily redeem codes by the game's developers only adds to its appeal to the Indian masses.

Oil prices were little changed in early Asian trading on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. Brent futures ticked down 8 cents to $83.48 a barrel by 0133 GMT. U.S. West Texas Intermediate (WTI) crude for April delivery inched down 10 cents to $78.36 a barrel. The March WTI contract rose 26 cents to $79.45 a barrel as traders prepared for that contract to expire during the day.

TCS), India's largest IT company, which has asked employees to resume work from the office, has leased 400,000 sq ft in Noida in one of the biggest office space transactions in Delhi-NCR. The company has taken the space at Assotech Business Cresterra on the Noida expressway. “Return-to-office policies implemented by large corporations are fuelling a renewed demand for high-quality office space, particularly Grade A properties. IT companies have traditionally dominated office space needs, and with most of them having ended work from home, we expect an increase in demand for Grade A office space in the coming quarters,” said Vibhor Jain, Managing Director, North India, Cushman & Wakefield.

yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting with a recession in Japan and market doubts about a near-term exit from its easy policy. In Asia, China's loan prime rate (LPR) decision takes centre stage, where it is widely expected to trim its benchmark mortgage reference rate to shore up the country's faltering economic growth.

In a blog post, the ECB is at pains to debunk a number of myths about the role of a future digital euro, insisting that the new digital currency would be designed from the outset to preserve the economic function of commercial banks. It achieves this by placing strict limits on individual digital euro holdings and restricting merchants from hoarding digital euros processed at the checkout. Nor would the digital euro accrue interest - a feature which former Bank of England economist Andy Haldane has called out as "stealth tax scandal". Users would be able to seamlessly link their digital euro account to a payment account with their bank, says the ECB, enabling a 'reverse waterfall' mechanism.

F&O ban list: A total of 11 stocks have been put under the ban for trade on Tuesday, February 20, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

Canada will donate more than 800 drones to Ukraine that will help its military forces detect and identify targets as it continues to fight Russia’s invasion, Defence Minister Bill Blair announced Monday.

The Conners," a beloved ABC comedy, will soon be available for streaming on Netflix in the US starting March 27, 2024. The series, created by Matt Williams, has been a mainstay on broadcast TV since its debut in 2018, following the lives of the Conner family as they navigate the challenges of everyday life.

debt aggregator Acre Asset Reconstruction Company (ARC) has put Nagarjuna Fertilizers and Chemicals on the block less than a year after taking over the ₹3,858 crore debt of the company. Acre is seeking ₹1,600 crore from bidders — double the ₹811 crore it paid to a seven-bank consortium in March last year, documents accessed by ET showed. The bidding will begin later this week. In a sale notice, Acre ARC said that it plans to sell Nagarjuna as a composite asset including the Kakinada urea plant and three other units. That will include movable fixed assets, plant and machinery and other accessories of the company.

Diablo 2 Resurrected is gearing up for its sixth ladder season, set to kick off on February 22, 2024, at 5 PM PT. As players eagerly anticipate the next rung on the ladder to Hell, here's everything you need to know about Season 6.

Union home ministry has revoked the Foreign Contribution Regulation Act (FCRA) licence of prominent think tank Indian Social Institute (ISI), citing alleged violation of rules, said officials. The institute, set up in 1951, critically analysed the National Education Policy 2020 in its journal, Social Action, published in 2023. Social Action is listed in the University Grants Commission Consortium for Academic Research and Ethics as an approved social science journal, as per ISI. When contacted, a representative from ISI declined to comment. The journal, on the topic of 'Peace and Conflict', published in 2023, discussed the ethnic violence in Manipur and «unresolved political aspirations of people in Kashmir and Nagaland».

Small investors have started to ease back into crypto, even if they’re not yet rushing in headfirst the way they did during the last bull market three years ago.

Icra. “Therefore, access to captive sources of raw materials can benefit steel makers in terms of both availability as well as better control on costs," he said.

Bajaj Finance. The index touched a record 22,186.65 points during the day, before closing 0.37% up at 22,122.25. Despite the benchmark making new life highs in a matter of weeks, analysts believe that valuations aren’t stretched and markets could continue to move up at a gradual pace from current levels.