UPS Financial News

By Sumeet Chatterjee, Engen Tham and Selena Li

Bitcoin price prediction continues to be bullish amid Coinbase Global’s revelation of its first quarterly profit in two years, buoyed by the SEC’s approval of Bitcoin ETFs, underscores a significant moment for the cryptocurrency market.

Stock market today: Amid the bull trend in the Indian stock market, SpiceJet shares witnessed strong buying interest during Friday deals. SpiceJet share price today opened upside and went on to touch an intraday high of ₹71.90 apiece, logging around 13 percent intraday rise against its Thursday close of ₹63.63 apiece on NSE.

Varun Beverages has gained the most almost 15 percent followed by Godrej Consumer, up 10 percent, and Tata Consumer, up 5 percent. Meanwhile, Radico Khaitan, Colgate-Palmolive and United Spirits also gained between 1.5-4 percent each in this time. However, Emami was the top loser, down 17.6 percent in 2024 YTD followed by ITC, down 13 percent, and HUL, down 11.3 percent.

In the 1990s, New York fashion had the Big Three: Donna Karan, Ralph Lauren and Calvin Klein. Of them, only Lauren remains a fashion force. Klein’s brand now only calls to mind Jeremy Allen White in boxer briefs.

On a blazing hot day in November, Raibel Palacio and three neighborhood friends boarded a flight at Cuba’s Varadero beach resort, taking selfies and chattering in excitement. They had a job offer that promised a way out of the island’s misery. A few weeks later, Palacio was killed by a drone as he tried to tie a tourniquet to staunch the bleeding from a leg wound on the freezing front lines of Ukraine, said Danelia Herrera, his mother.

LONDON (Reuters) -British retail sales rose by a stronger-than-expected 3.4% in January, according to official figures that showed signs of strength among consumers a day after data confirmed the country's economy entered a recession last year.

Crypto’s comeback year is getting even better, as venture capitalists are reentering the funding arena.

Ashok Leyland Ltd. gained 0.28 per cent to Rs 175.0 at 12:07PM (IST) in Friday's trade. The counter has hit a high of Rs 176.65 and low of Rs 174.1 so far during the session. The stock had closed at Rs 174.5 in the previous session. The counter has had a total traded volume of 709224 shares so far with a value of Rs 12.44 crore on the NSE. It traded at a price-to-earnings multiple of 21.58 and a price-to-book ratio of 4.78.

Bajaj Holdings & Investment Ltd. traded 1.45 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 8767.95 and has touched an intraday high and low of Rs 8915.15 and Rs 8729.65, respectively, during the session so far. The stock quoted a 52-week high of Rs 8915.15 and a 52-week low of 5791.05. About 502 shares changed hands on the counter so far.

The issue will close on February 20, Tuesday. The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.

Red Sea crisis that has jacked up his shipping costs and times. «Last week, I lost a big order to a Polish competitor who does not need to pay increased freight rates,» said Jhunjhunwala, head of Binayak Hi Tech Engineering which ships about 700 containers of machinery tools, industrial castings, and railway shed materials per year. Turkish exporters were also benefiting at the expense of Indian companies, he said, adding that he has also sent some orders on to buyers at a loss after absorbing increased costs.

Bharat Forge Ltd. traded at Rs 1125.9 on BSE at 12:12PM (IST) on Friday, up 1.42 per cent from previous close. The stock quoted a 52-week low price of Rs 744.0 and a high of Rs 1330.0.

electoral bonds. These bonds were not actual tradable instruments but allowed for contributions to be made by individuals or companies to a political party through a banking channel. The controversial element — which led to the court case — was a government decision to keep the donors anonymous. Also Read: SC unanimously strikes down poll bonds scheme, terms it ‘unconstitutional’ What did the court decide?

Investing.com-- Hong Kong’s Hang Seng index shot up on Friday as traders piled into China-exposed stocks before the reopening of mainland markets after a week-long holiday next week.

Investing.com-- Most Asian currencies moved little on Friday and were set for a muted weekly performance as markets remained largely convinced that the Federal Reserve will not cut interest rates early this year.

Coinbase (COIN) shares jumped more than 14% in Thursday’s extended-hours trading session after the largest U.S. cryptocurrency exchange reported quarterly earnings and revenue significantly above Wall Street expectations thanks to growth in transaction volumes.

Shree Cements Ltd. rose 0.61 per cent to Rs 26478.35 at 10:45AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 229 shares with a turnover of Rs 0.61 crore till 10:45AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.7, while the price-to-book value ratio stood at 5.07.

Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.

Infosys Ltd.(up 1.38 per cent), Tata Consultancy Services Ltd.(up 0.89 per cent), Wipro Ltd.(up 0.84 per cent), L&T Technology Services Ltd.(up 0.15 per cent) and MphasiS Ltd.(up 0.09 per cent) were among the top gainers.

Godrej Consumer Products Ltd. gained 0.74 per cent to Rs 1240.85 in Friday's trade. It hit a high of Rs 1246.25 and low of Rs 1231.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1048.44, while the 50-DMA was at Rs 1140.61. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.