UPS Financial News

Despite a weekend reprieve from the dangerously high winds that have fanned wildfires in Los Angeles and surrounding California areas over the past week, officials say the winds are set to return this week and will jeopardize efforts to extinguish two massive fires that have already levelled entire neighbourhoods and killed at least two dozen people.

Subscribe to enjoy similar stories. A war is brewing in online delivery as fast food takes on a new twist in India. After shaking up the retail market for online deliveries with their quick commerce services, Zomato’s Blinkit and Swiggy recently launched standalone apps to deliver meals, snacks and beverages in 15-20 minutes.

Subscribe to enjoy similar stories. Chinese leader Xi Jinping is bringing the country’s financial sector to heel, one banker at a time.

JSW Energy jumped 4.39% to Rs 540.50 in early trade on Tuesday after the company successfully emerged as the applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW of thermal power plants, under insolvency proceedings. According to a company statement, this follows the approval of the Committee of Creditors, with the transaction pending regulatory approvals from the National Company Law Tribunal and the Competition Commission of India.

BNP Paribas Securities has an underperform call on Redington with a target price of Rs 158. The current market price of Redington is Rs 205.8. Redington, incorporated in 1961, is a Mid Cap company with a market cap of Rs 16074.85 crore, operating in IT — Hardware sector. Redington's key products/revenue segments include Computer Hardware, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. NEW DELHI : Greenko founders-backed AM Green has partnered with global logistics giant DP World to establish advanced logistics and storage infrastructure in India and overseas, aiming to accelerate exports of green hydrogen and green ammonia.

Subscribe to enjoy similar stories. On November 25th the Elva, a tanker flagged in São Tomé and Príncipe, clandestinely picked up 2m barrels of Iranian crude off Malaysia’s coast. Sailing from there to north-east China, the vessel’s likely destination, usually takes two weeks at most.

buy call on Senco Gold with a target price of Rs 1,450. The current market price of Senco Gold is Rs 1,053.75. Senco, incorporated in 1994, is a Small Cap company with a market cap of Rs 8642.84 crore, operating in the Gems and Jewellery sector. Senco Gold Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2024.

Angel One shares to remain in focus on Tuesday, January 14, after the company reported an 8% year-on-year (YoY) jump in its December quarter consolidated net profit to Rs 281.47 crore, compared to Rs 260.31 crore reported in the same period last year. The revenue from operations in Q3FY25 stood at Rs 1,262.20 crore, a 19.2% increase over Rs 1,059.04 crore posted in the corresponding quarter of the previous financial year.

Yogesh Patil, V-P, Dolat Capital, says Long-term contracts won't be affected by crude sourcing agreements with Russia, but spot purchases of Russian oil, which account for 40-45% of India's imports, will be impacted. Discounts on Russian crude were about $3 per barrel recently, but Indian refiners will now need to source oil from the Middle East without discounts, affecting their gross refining margins. Currently, petrol, diesel, and LPG prices are somewhat frozen, preventing companies from passing increased crude costs to consumers, leading to challenges for OMCs amid rising prices. On a positive note, ONGC and Oil India are expected to report strong results due to a weakening rupee, rising oil prices, and the removal of the windfall gain tax. However, ONGC's stock fell on Monday, likely due to concerns over its investments in Russian assets. How major could be the impact of the new sanctions by the US on Russian oil on global crude oil prices? Where do you see oil prices headed globally? Yogesh Patil: On Friday evening, the Biden administration imposed sanctions on the Russian export oil supply chain and two major oil companies including Gazprom Neft Gas, which are involved in export of closer to one million barrels per day oil on a daily basis. Secondly, they have sanctioned closer to 180 vessels, which are exporting the oil to different nations and lastly on some insurance companies.

Subscribe to enjoy similar stories. On the surface, the job market looks as strong as ever. Beneath the surface, workers are getting a very different message: Their bosses are back in command.

Subscribe to enjoy similar stories. A little over 85 years ago, on 1 September 1939, the Wehrmacht attacked Poland under orders from Adolf Hitler, sparking off World War II. At the end of a conflict whose body count from military and civilian casualties is estimated at around 70-85 million, a global world order emerged in which the sanctity of territorial boundaries, democracy and liberal values were enshrined as non-negotiable.

National Restaurants Association of India’s latest run-in with food delivery aggregators over 10-minute delivery of food via separate apps follows a long series of tussles between the two sides.

IndusInd Bank on the MSCI index is set for a significant increase in its next rebalancing in February, following a sharp reduction in foreign holdings during the December quarter. The private lender's latest shareholding data show that foreign portfolio investors reduced their stake to 46.63% in December from 55.53% in September. This reduction has pushed the foreign headroom comfortably above the 25% threshold, with MSCI currently applying a half-float factor,

stock market sell-off over the past seven trading sessions has caused many shares to drop 10-40%. However, more than a dozen stocks have remained resilient, gaining 5-29%, building on their over 25% returns in 2024. These include PTC Industries, Indo Tech Transformers, Goldiam International, Shakti Pumps, Lloyds Metals, Vijaya Diagnostic Centre, Pokarna, and Sundaram Clayton, among others. So far this year, the Nifty fell 2.36%, Nifty Midcap 150 declined 4.14%, Smallcap 250 dropped 9% and Microcap 250 shed 8.36%.

BEIJING — China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Greenland's geopolitical future seems to be in jeopardy as Donald Trump, the upcoming US President has shown interest in acquiring the island and making it a US territory. This was something he had attempted in 2019 as well but could not see his plan through.

Shares of Moderna tumbled Monday after the vaccine maker predicted a steeper-than-expected sales drop in the new year

Johnson & Johnson will spend more than $14 billion to move deeper into treating central nervous system disorders by purchasing Intra-Cellular Therapies