UPS Financial News

Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta. Dipan Mehta further says that investors who are underweight on PSUs banks or defence or engineering companies, this corrective phase is a good opportunity to get at least equal weight. What do you make of this counter because Ola Electric has been vulnerable to a lot of volatility just in the last couple of weeks. What are you making of this counter and fundamentally, how does this stock look to you? Dipan Mehta: One cannot really comment exactly why the stock is up 20%. There is no specific fundamental news that has come to my notice at least, except that they are keeping on launching new models and they are addressing their complaint-related issues. But apart from that, I do not know why the stock is up 20%.

Losses for big technology stocks pulled major indexes lower on Wall Street

bond yields slipped as traders took to the sidelines ahead of the US Thanksgiving holiday. Shares in Japan swung between gains and losses while those in Australia climbed alongside Hong Kong equity futures. Contracts for US stocks edged up after the S&P 500 fell 0.4% Wednesday, retreating from a record high in the prior session. The Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies.

Adani Group founder Gautam Adani have highlighted the growing problem India's renewable energy developers face in finding buyers for the power they generate. While India's central government wants to shift away from polluting coal-fired generation towards solar and wind, officials say state government-owned power distribution companies responsible for keeping the lights on have dragged their heels over striking renewable purchase deals. U.S. authorities allege that Indian billionaire Adani conspired to devise a $265 million scheme to bribe Indian state government officials to secure solar power supply deals, after one of his companies was unable to secure buyers for a $6 billion project for several years.

Subscribe to enjoy similar stories. Doug Burgum, Chris Wright, Linda McMahon and Brendan CarrVivek Ramaswamy and Elon MuskMarco Rubio and Mike WaltzTulsi Gabbard and Pete HegsethLori Chavez-DeRemerRobert F. Kennedy Jr.

Ontario are set to see “incredible snow totals” over the next few days due to a shift in temperatures over the Great Lakes.Water temperatures across the lakes has been at record mild levels given the calm fall so far, Global News meteorologist Anthony Farnell said.However, a looming change in temperature between the lake and the air will create “ideal conditions” for lake effect snow, he added.“Areas downwind of all five Great Lakes will see some incredible snow totals this upcoming weekend and travel will be difficult at best,” Farnell said.“The Lake Huron and Georgian Bay snow squalls will quickly intensify early Friday morning and continue right into early next week.”Farnell added because water temperatures are still so mild, areas right near those will see a heavier, wet snow that will limit amounts at least initially. As the wind shifts slightly, the snow squalls will also shift, bringing the heaviest snow amounts to different communities depending on the day.In the most intense squalls, snow rates could reach as high as 8 cm per hour with thunder and lightning, he said.“By Monday, snow totals could reach as high as 80 cm under the more persistent snow squalls.

Subscribe to enjoy similar stories. India's telecom sector is a critical pillar of the country’s digital economy. It provides services to over 1.2 billion people and contributes significantly to the country's GDP.

Subscribe to enjoy similar stories. India’s edtech sector has hired several thousand graduates from the famed Indian Institutes of Technology (IITs)—both from campus and laterally—as teachers over the past five years. Notably, the salaries on offer are handsomely higher than what industry offers.

Subscribe to enjoy similar stories. Mumbai: Venture capitalists are hesitant to back influencer-led businesses, deeming them riskier than other startups. VCs see multiple challenges in these businesses in terms of operational risks, fundamentals based on unpredictable trends, and lower audience retention.

Subscribe to enjoy similar stories. Actor Nayanthara’s public dispute with actor-producer Dhanush may stem from the denial to use a three-second behind-the-scenes clip from her film for a documentary. Yet, according to copyright law experts, producers are well within their rights to protect their content and it’s up to actors to draw up contracts that legally allow them to use footage in such cases.

Consumer Price Index (CPI) decline by up to 6.5 percentage points in rural areas and 3.4 percentage points in urban areas, going by the Household Consumption Expenditure Survey (HCES) 2022-23, experts said. A government panel is looking into changes to the CPI basket and base year revision of the inflation series. The CPI was last revised in 2011-12 as the HCES held in 2017-18 was junked due to inaccuracies.

Barron's market reporter Jacob Sonenshine discusses the impact President-elect Trump's tariffs could have on the U.S. economy on ‘Varney & Co.’

Making Money Charles Payne discusses the return of animal spirits since Trump won the election.

Residents of Florida’s Gulf Coast endured two major hurricanes and a tropical storm in the span of nine weeks, and they are still feeling the economic shockwaves

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled

Two of London’s most famous markets — one selling fish, the other meat — are set to close in the coming years, bringing an end to traditions stretching back to medieval times

With Thanksgiving and the formal launch of the holiday shopping season, Americans will again be consumed with the annual trifecta of turkey, travel and transactions — lots of them

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens

Authorities in Mali have arrested four senior employees of a Canadian mining company as the military regime in the West African nation continues to detain workers to pressure companies in its crucial mining sector to pay millions in additional taxes