UPS Financial News

HDFC Securities has a buy call on Neogen Chemicals with a target price of Rs 2,076. The current market price of Neogen Chemicals is Rs 1920.9. Neogen Chemicals, incorporated in 1989, is a Small Cap company with a market cap of Rs 5035.73 crore, operating in the Chemicals sector. Neogen Chemicals' key products/revenue segments include Organic/Inorganic Heavy Chemicals and Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. So much so that the spokesperson for the Indian delegation to the annual series of UN-mandated climate talks called the final agreement an “optical illusion." India’s voice matters at such forums our delegates make sure it is heard loud and clear.

Looking ahead, markets will first react to the outcomes of the Maharashtra and Jharkhand elections. Additionally, macroeconomic indicators, including GDP and infrastructure output, will garner significant attention. Participants remain focused on FII fund flows, given their ongoing selling spree.

Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were at $71.38 a barrel, up 14 cents, or 0.2%.

SBI, ICICI Bank and Axis Bank, have hiked their deposit rates. You can earn 7.25% interest on deposits of 1-2 years. Smaller banks, such as the Bandhan Bank, are offering 8%, while NBFCs, such as Sriram Finance, are giving up to 8.9% per annum. Senior citizens can expect 0.5-0.75% higher rates. Sitting in their house in Bengaluru, senior citizens Ranjitha and B. Srikumar are not enthused by the high rates offered on bank deposits. Their pensions put them in the 30% tax bracket, which means the post-tax yield of a 7.75% fixed deposit is barely 5.3%. “We are looking to invest in a debt fund that can give better returns than fixed deposits,” says the retired Air Force officer.

Subscribe to enjoy similar stories. America’s gross national debt is $36trn, or $107,000 per person. It is rising fast and will probably soon be rising even faster.

Subscribe to enjoy similar stories. Bengaluru: The chief executive of a two-year-old zero-revenue green energy company that recently scored a ₹10,000 crore ($1.2 billion) investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case. New Delhi-based Ocior Energy’s co-founder and CEO Ranjit Gupta was the chief executive of Azure Power Global Ltd, the company in the thick of the bribery charges by US prosecutors, between 2019 and 2022.

Subscribe to enjoy similar stories. Everyone must have heard that one should never average down a falling stock. If there is a turnaround in sight, betting on a revival may be worth considering.

Subscribe to enjoy similar stories. Tata Capital Healthcare Fund (TCHF) is planning to increase the ticket size of each of its investments to around $25 million, from $10-18 million currently, the private equity (PE) fund’s managing partner Visalakshi Chandramouli said, as demand for healthcare in the world's fifth-largest economy grows. The fund is also betting on domestic pharmaceutical companies that target global markets.

Subscribe to enjoy similar stories. The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.

FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The bill to change the law allowing banks to let a depositor specify multiple nominees and their shares for easier distribution of funds later is expected to come up during the winter session of the Parliament which begins today. The Bill, which was introduced in the last session, has been listed again. Under the proposed amendment, banks would allow up to four nominees (against the current practice of one). This could be either 'simultaneous nomination', where the percentage shares of different nominees are stated in the nomination form, or 'successive nomination', where there is one actual nominee at any given time and on whose death another nominee becomes effective.

Chinese government has started a special program to crack down various unfair and non-compliant practices on the internet to safeguard the interests of netizens and companies, according to a statement from the Cyberspace Administration of China on Sunday. From today through Feb. 24, 2025, regulators will rectify malpractices such as creating so-called information cocoons via homogeneous push notifications, manipulating and interfering with rankings to hype up hot topics, as well as infringing on people's rights to do business via the internet, according to the statement. An information cocoon is when a platform chooses to expose the user to results based on expressed interests, tastes and preferences.

financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.

China are stepping up safety management and police patrols following several high-profile mass killings, as the central government calls for enhanced public security, media reports said on Sunday. In the eastern city of Wuxi, where a 21-year-old student's stabbing spree left eight people dead and 17 injured on Nov. 16, local officials convened on Friday to discuss measures to maintain social stability, state-run local media reported. Campus safety was a focus point of the meeting, according to the report. These safety initiatives come nearly two weeks after the deadliest mass attack in China in a decade on Nov. 11, when a man reportedly upset over his divorce drove into a crowd in Zhuhai, killing 35 people.

Sex Lives of College Girls" Season 3 was released on November 21. One can watch the show on Max. New episode of «The Sex Lives of College Girls» Season 3 is released on every Thursday. «The Sex Lives of College Girls» Season 3 has a overall ten episodes. The final episode of «The Sex Lives of College Girls» on Thursday, January 23. It’s the beginning of sophomore year for the ladies of Max’s «The Sex Lives of College Girls». The show, created by Mindy Kaling and Justin Noble, follows roommates at a fictional college in Vermont. Season three, premiering Thursday, brings back original leads Pauline Chalamet, Amrit Kaur and Alyah Chanelle Scott but will wrap up Reneé Rapp’s storyline. She quit the show to focus on her music career. Mia Rodgers and Gracie Lawrence have been added to the mix as series regulars.

The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Congress chances by embroiling himself in a 'Savarkar controversy', with Pune and Nashik courts summoning him in defamation cases. Playing the 'Adani card' to voters was like throwing firecrackers in the water.

Cryptocurrencies are on a roll in anticipation of Donald Trump easing up on their regulation. The US has been the most proactive in law enforcement against fraud and money laundering engineered through cryptos. This, despite a regulatory framework that doesn't push hard to separate transaction and speculative elements of digital currency.

Subscribe to enjoy similar stories. New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Trump had proposed during his campaign an additional 10% import tariff on all goods imported into the US and a 60% tariff on goods from China.

Subscribe to enjoy similar stories. New Delhi: After an extension and over two weeks of intense negotiations, the 29th UN climate change conference or COP29 in Baku finally reached a consensus on a new collective quantified goals (NCQG) on climate finance but disappointed developing countries with only $300 billion per year by 2035 as against a required $1.3 trillion.

Subscribe to enjoy similar stories. India’s insurance industry, long seen as an underpenetrated yet promising market, is poised for a major transformation with the government’s proposal to permit 100% foreign direct investment (FDI) in insurance companies and introduce composite licences. These reforms, if implemented effectively, could catalyze significant changes in the sector, attracting fresh capital, improving competition, and enhancing accessibility for consumers.