UPS Financial News

Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency. BOJ Governor Kazuo Ueda signalled that December will be a live meeting in an interview with the Nikkei newspaper last week, when he said another rate hike was approaching.

buy call on Indian Renewable Energy Development Agency (IREDA) with a target price of Rs 265. The current market price of IREDA is Rs 222.75. Indian Renewable Energy Development Agency, incorporated in 1987, is a Small Cap company with a market cap of Rs 60044.66 crore, operating in Term Lending Institutions sector. IREDA's key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.

Foreign institutional investors (FIIs), who started fleeing India after Nifty hit record high in September-end, are now on a course correction path. After selling Indian stocks worth Rs 116,437 crore in the one-and-a-half month period beginning October, FIIs ended up being buyers to the tune of Rs 809 crore last fortnight. December month saw acceleration in the pace of buying as FIIs have pumped in around Rs 23,500 crore so far in the month.

Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.

buy call on Bharat Electronics with a target price of Rs 350. The current market price of Bharat Electronics Ltd. is Rs 313.7. Bharat Electronics, incorporated in 1954, is a Large Cap company with a market cap of Rs 229380.86 crore, operating in the Defence sector. Bharat Electronics' key products/revenue segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.

Jensen Huang, chairman and CEO of the Silicon Valley chip titan, met with Vietnamese Prime Minister Pham Minh Chinh during a visit to Hanoi, where the two agreed to open an artificial intelligence research and development centre. «The data of Vietnam is a national and its natural resource. The AI of Vietnam should be processed here, built here, operated here, for the people and industry of Vietnam,» Huang said.

Rajat Sharma, Founder & CEO, Sana Securities, says he is fairly positive on the market, sticking to largecaps. The names that he has already suggested many times like Infosys and ITC and HUL are the stocks that he is buying more of. They have added a few smaller companies. Sharma also says that in pharma, he continues to like Laurus Labs and in power, he is betting on Tata Power, He is also adding ITC and Tata Motors, How are you feeling about the market? Are any opportunities popping up? Rajat Sharma: There are always opportunities. Yesterday has been a very, very crazy day. The markets were flattish to negative. Then, at one point, Nifty was some 300 points up. After some more volatility, the Nifty closed 240 points up. That said, I do not track markets intraday. But it is an unusual day. I think traders could answer that better.

Ola Electric shares will be in focus on Friday after the Central Consumer Protection Authority (CCPA) requested additional documents and information from the electric two-wheeler manufacturer in connection with a previously issued show cause notice. The communication, sent via email on December 4, gives the company 15 days to submit its response, Ola Electric said in a filing with stock exchange Thursday.

Subscribe to enjoy similar stories. It’s a busy weekday evening in the corporate and dining hub of Lower Parel in Mumbai when I catch up with Rakshay Dhariwal at his bar, PCO, which feels like an oasis in the chaos of traffic snarls. Dressed in an indigo-blue collared T-shirt paired with charcoal-grey trousers, the pioneering food and beverage entrepreneur settles down with a glass of water after getting me a cup of coffee.

While Markets could start on a volatile note on Friday morning, analysts expect the uptrend to continue.

Jensen Huang, the CEO of Nvidia, is the 10th-richest person in the United States, worth $127 billion. In theory, when he dies, his estate should pay 40% of his net worth to the government in taxes. But Huang, 61, is not only an engineering genius and Silicon Valley icon whose company, the world's second-most valuable, makes the chips that power much artificial intelligence. He is also the beneficiary of a series of tax dodges that will enable him to pass on much of his fortune tax free, according to securities and tax filings reviewed by The New York Times. The savings for his family are on a pace to be roughly $8 billion. It likely ranks among the largest tax dodges in the United States.

Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some blockbuster drugs and future products

U.S. stocks slipped below their records in the runup to a big jobs report due on Friday

El Salvador's President Nayib Bukele is triumphant about his big bet on bitcoin as the cryptocurrency reached historic highs, surpassing $100,000 for the first time

U.S. lawmakers and experts warn that the U.S. severely lags behind China in shipbuilding capacity and urge action to build up the country’s ability to develop and produce weapons and other defense supplies to avoid war with China

SW Retail Advisors founder Stacey Widlitz breaks down the latest news from the retail sector as companies prepare for the holiday season.

Bitcoin (BTCUSD) traded above $100,000 for the first time ever late Wednesday, then kept rising.

Waymo is gearing up to bring its robotaxi service to Miami which will accelerate an expansion that’s been happening while its hobbled rivals remain in its rearview mirror

It’s DOGE time at the U.S. Capitol

Sunita Williams and Butch Wilmore embarked on a historic mission in June, being the first to fly Boeing's new Starliner crew capsule to the International Space Station (ISS). The mission, intended as a weeklong test flight, faced significant challenges when thruster failures and helium leaks occurred during the journey. NASA subsequently deemed the capsule unsafe for a return flight, extending the astronauts' stay in orbit to February 2024, when they are expected to return aboard a SpaceX spacecraft. Despite the unexpected turn of events, Williams and Wilmore, both retired Navy captains, have embraced their extended mission with resilience and positivity. «We’re just on a different path,» Wilmore commented on their situation.

The great wealth transfer has started, but millennials and generation Z may not inherit as much as they think.