UPS Financial News

TBTG's IPO, valued at around £350m, comes after a poor year for listings on UK's main stock exchange market in 2024. London Stock Exchange suffers lowest IPO volume on record in 2024 An EY report in January found that the London Stock Exchange saw 88 delistings in 2024, while just 18 IPOs took place on the main market and AIM. However, despite the low volumes of listings, the value of the IPOs significantly trumped the proceeds raised in 2023, with a 256% rise year-on-year from £953.7m to £3.4bn.  The Beauty Tech Group is yet to come up with any details about its float. ...

Subscribe to enjoy similar stories. The artificial intelligence (AI) landscape is shifting beneath our feet. As Mint reported, India wants to develop its own AI chip.

Chandrayaan-4 mission to bring back samples of moon rocks to the Earth in 2027, Science and Technology Minister Jitendra Singh said. Chandrayaan-4 will involve at least two separate launches of the heavylift LVM-3 rocket that will carry five different components of the mission which will be assembled in orbit.

Bitcoin (BTC) and major crypto tokens traded mixed on Thursday, 6th February. While Bitcoin, XRP, Solana, Dogecoin, Chainlink, Sui, Stellar, and Hedera saw declines of up to 2.5%, Ethereum, BNB, Cardano, Tron, Toncoin, and Litecoin gained, rising as much as 4%. As of 10:53 am IST, Bitcoin was trading 0.3% lower at $97,714, while Ethereum surged over 4% to $2,827. Meanwhile, The global cryptocurrency market cap fell by 0.48% to approximately $3.2 trillion in the past 24 hours.

«He has got a team. He cannot just implement. He just cannot go and take over Gaza. It is like mind boggling logistics. He has a team. It has to be implemented. And at that stage, things are very different from what he is saying,» says Atul Suri, Marathon Trends — PMS. So, let us first just I will put the template, that is Atul Suri's template. You get the credit if you get it right. Atul Suri's template is, it is too late to sell. The bull market is not over. The panic and the excesses in the market, I think the time to panic is over and the excesses in the market have normalised. Small and midcap stocks, not everything will go up, but the party is not over. Now, there is one number which everybody is now suddenly started tracking, dollar index. The fascination with dollar index. Every morning we come and say the dollar index upar hai, markets will go down. Is it as simple as one data point which will decide which way flows would move? Dollar goes up, FIIs sell. Dollars come down, FIIs will come back. It cannot be that simple. Atul Suri: It cannot be.

«We talk about US, the great bull market between 1980 and 2000, the Dow moved from some 700 to 10,000, but in that there was something called crash of 87, where books were written about, but we do not talk about it. 2003 to 2008 in the Indian context, the market had hit lower circuit two or three times,» says Atul Suri, Marathon Trends — PMS. It has been a bad year. Will bad get ugly before it gets better? Atul Suri: See, it is a very difficult answer whether it will get ugly, but personally I think that the first question you have got to ask yourself is the primary trend changed. I do not think so. We are still in a larger bull market. Yes, we will go through corrections. We will go through pain. I mean, we know it, we can look back at 50-100-year charts and see that hey no line has gone straight and in all these times.

Keynote Financial(up 16.94%), Pavna Industries(up 15.61%) and VRL Logistics(up 15.60%) were among the stocks that surged over 15%.

Subscribe to enjoy similar stories. President Trump’s order imposing additional tariffs on China this week also suspended a popular trade exemption known as the de minimis provision that has let bargain platforms such as Shein and Temu skirt import duties and red tape on low-value packages from China. The order caused widespread confusion and prompted the U.S.

Subscribe to enjoy similar stories. The Indian stock market has faced significant turbulence recently, with the Sensex and Nifty showing sharp declines and heightened volatility. Broader indices, not far from their 52-week lows, also reflect growing investor anxiety amid a series of negative developments.

hold call on Bajaj Electricals Ltd. with a target price of Rs 760 (earlier Rs 900). The current market price of Bajaj Electricals Ltd. is Rs 720.05. Bajaj Electricals, incorporated in 1938, is a Mid Cap company with a market cap of Rs 8285.64 crore, operating in the Consumer Durables sector.

Swiggy shares will be in focus on Thursday, February 6, after the company reported a consolidated loss of Rs 799 crore for the December quarter, widening from Rs 574 crore in the same period last year. However, revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.

Info Edge will remain in focus on Thursday after the company posted a net profit of Rs 242.59 crore for the third quarter ending December 2024, up 60.6% year-over-year from Rs 151.09 crore a year earlier. The company’s revenue from operations for the third quarter grew 15.2% YoY to Rs 722.39 crore, compared to Rs 627.12 crore in the year-ago quarter.

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March approaches, we expect the Reserve Bank to implement measures in its monetary policy to help banks attract more foreign currency deposits, including the FCNR(B) scheme and eased criteria for external commercial borrowing (ECB). Where do you see the rupee headed because it has been weakening further. It touched an all-time low on Wednesday. Mahendra Kumar Jajoo: After the depreciation in the last one month, rupee is now largely in line with the peers in the rest of the global markets. Currencies like Brazilian Real or Mexican Peso have been depreciating by about 15% to 20% in the last one year. Rupee on a year-to-year basis is just down about 5%. So, there was a period in October, November when the rupee was outperforming all the other major currencies and I think that correction has now been done.

Subscribe to enjoy similar stories. The pace of change in the field of artificial intelligence (AI) is “unbelievably more powerful than Moore's Law", Sam Altman, CEO of ChatGPT creator OpenAI said in an interview on Tuesday, when he was in India as part of a larger tour of several countries. The tour comes barely a fortnight after the release of China's DeepSeek R1 shook the market values of some of the world's biggest tech and AI firms.

Subscribe to enjoy similar stories. On 5 February, the market closed flat, with bulls attempting to take control initially. However, in the second half, bears regained dominance, leading to a decline.

Subscribe to enjoy similar stories. India's economic engine, consumer spending, has stumbled, placing immense pressure on the Union Budget 2025-26 to reignite growth. The budget delivered a headline-grabbing tax relief for the middle class, fueling hopes of a consumption revival.

Subscribe to enjoy similar stories. This January, Prime Minister Modi launched Mission Mausam, a project to forecast climate change and extreme weather events. The government has now earmarked ₹1,329 crore in FY26 for this initiative in the Union budget.

Subscribe to enjoy similar stories. India's top stock exchange is on the watchout for fresh measures from the stock market regulator to cool the derivatives frenzy, even as a slew of recent measures begin to take effect. Average daily traded volume (ADTV) in NSE's equity futures segment fell 15% to ₹1,71,825 crore, an NSE presentation for the December quarter showed.

stock market downturn. On the contrary, they have trimmed their stakes further since October, continuing their selling spree from most of the earlier part of 2024. Since October 1, when the market began declining, promoters of nearly 120 mid- and small-cap companies have sold shares worth ₹7,000 crore.

Canada’s mortgage market is reacting to fears this week that United States President Donald Trump’s threatened tariffs could deliver a sharp blow to the Canadian economy.