UPS Financial News

LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again.

Gurdeep Singh, CMD, and Jaikumar Srinivasan, Director-Finance,NTPC & NTPC Green Energy, in talks with ET Now. Singh says that NTPC Green has a broad target of producing 60 gigawatt by FY32 but on a more immediate basis, they have operational capacity of 3.32 gigawatt and 13 gigawatt under construction. Singh says: “We were there yesterday, we are here today and we will be here tomorrow and going forward. Our clear-cut strategy is that we will be going very steadily while taking care of the good returns, but we are at present ready to execute large scale projects in different parts of the country.” NTPC Green favours large scale solar projects plus the wind projects rather than the smaller ones of 100 to 200 megawatt because smaller projects have to be in the queue to get connectivity in the pooling station. In case of a large-scale renewable energy park, the pooling station comes to the park.

All of these forms relate to trusts and educational institutions. While Form 10B and 10BB relate to tax audits by chartered accountant report, Forms 9A and 10 are used to get relief from income tax. CBDT through another circular issued on the same date has decided to condone delay in filing form 10-IC or Form 10-ID. These forms are used by domestic companies for applying for a lower rate of income tax.

The poster read, “Hi passenger, my name is Samuel Christy. I'm a graduate looking to raise funds for my startup business idea. If you're interested, please talk to me.” A photo of the poster was shared on Reddit with the caption, “Yet another Peak Bengaluru moment,” which quickly sparked admiration for his entrepreneurial drive.

GSAT-N2 has been successfully placed in orbit by SpaceX’s Falcon 9 rocket, Elon Musk’s space tech firm and the Indian Space Research Organisation’s (Isro) commercial arm NSIL said in a series of social media posts early on Tuesday. “Deployment of @NSIL_India GSAT-N2 confirmed,” SpaceX said in a post on microblogging site X at 12.36 am on Tuesday. Shortly after, NSIL posted, “Successfully into the orbit.” The 4,700-kg satellite, launched from Cape Canaveral Space Force Station in Florida, has been injected into the desired geosynchronous transfer orbit (GTO) and Isro’s Master Control Facility (MCF) has taken control of the satellite, NSIL said. «Preliminary data indicates the satellite is in good health,” it added.

Cummins India Ltd. 0.28 per cent to Rs 3361.60 in Tuesday's session as of 12:43PM (IST) even as the equity benchmark Sensex traded 1007.18 points at 78346.19. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4169.50 and a 52-week low of Rs 1817.70 on NSE. Around 15165 shares changed hands on the counter till 12:43PM (IST).

A company affiliated with conspiracy theorist Alex Jones asked a federal judge on Monday to disqualify a bid by the satirical news outlet The Onion to buy Jones’ Infowars at a bankruptcy auction, alleging fraud and collusion.

Domestic benchmark index NSE Nifty gained 257.61 points to 23711.4, while the BSE Sensex traded 884.94 points up at 78223.95.

The NSE Nifty index was trading 271.96 points up at 23725.75, while BSE Sensex was 863.73 points at 78202.74 at the time of writing this report.

Granules India Ltd.(up 3.96 per cent), Natco Pharma Ltd.(up 2.04 per cent), Dr. Reddy's Laboratories Ltd.(up 1.93 per cent), Divi's Laboratories Ltd.(up 1.63 per cent) and Biocon Ltd.(up 1.59 per cent) were among the top gainers.

ProfitMart has a buy call on Aartech Solonics with a target price of Rs 110. The current market price of Aartech Solonics is Rs 66.03. The time period given by the analyst is 12-18 months for Aartech Solonics price to reach the defined target. The company, incorporated in 1982, is a Small Cap company with a market cap of Rs 214.93 crore, operating in Industrial Equipment sector. Aartech Solonics' key products/revenue segments include Electrical Machines and Sale of services for the year ending 31-Mar-2024.

Singapore’s red-hot leasing market for private housing finally began to cool this year as supply of new apartments got the better of post-pandemic demand. Although the outlook for 2025 is still unclear, the dice seem to be loaded in favor of tenants. While landlords will fight tooth and nail to pass the burden of property taxes and interest rates when contracts come up for renewal, global banks, tech firms, and other multinationals may be cautious about how many more employees they bring into the city-state. As a major Asian financial center, Singapore is highly exposed to the current uncertainty in the global economy. The post-election euphoria around President-elect Donald Trump’s economic agenda of deregulation and tax cuts is starting to wane. Higher-for-longer borrowing costs are emerging as a real risk. After jumping nearly 60% in three years, the island-wide rental index has softened by 4% over the last four quarters. The decline would have been somewhat sharper had it not been for a small bounce in the three months to September.

REC Ltd. traded 3.77 per cent up at Rs 520.00 at around 10:19AM (IST) on Tuesday. The stock had closed at Rs 501.10 in the previous session. Equity benchmark Sensex traded 761.46 points at 78100.47 around the same time.

Stocks that rallied over 10% included, Laffans Petro(14.13%), Multibase India(13.44%), Indag Rubber(11.75%), Udayshivakumar Infra(11.72%), Atam Valves(11.52%), PG Electroplast(10.82%), Darshan Orna(10.32%) and Keerthi Ind(10.22%).

Around 29 stocks in the smallcap space gained 25% or more at a time when the BSE smallcap index has fallen nearly 14% from its peak. JSW Holdings saw a multibagger surge of 118%, followed by Nalwa Sons Investments, whose shares rallied 70% during this period.

The NSE Nifty index traded 237.71 points up at 23691.5, while BSE Sensex was 788.26 points at 78127.27 as of 10:03AM(IST)on November 19.

Subscribe to enjoy similar stories. Airlines are eager to sell you frequent-flier points and miles. Their latest sales pitch: buying airline miles on a monthly basis.

Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other employees were detained in the West African country

new-age companies in sectors such as beauty, wearables, logistics, ecommerce and used-car sales, which are now seeking to ramp up growth by focusing on new areas of business. Delhivery chief executive Sahil Barua flagged the slowdown in broader consumption, telling analysts during the firm’s earnings call last week that the trend has now trickled to ecommerce. To counter tepid demand, the logistics firm is attempting to chase new growth areas such as quick-commerce, regional and air logistics. The slump has exposed pain points for multiple new-age beauty brands. Mamaearth posted a loss in its second quarter, even as its stock hit a 52-week low on Monday reacting to the weak results. The Gurugram-based brand, which is undergoing a restructuring of its offline supply chain, said it was clocking slower-than-expected growth and that it needed to recalibrate the strategy for its flagship brand to grow.

Accel. The round also saw participation from angel investors such as founders of Urban Company Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy and others. The funds will be used for expanding operations and scaling its delivery model across most areas of Bengaluru, with plans to extend into other tier-1 cities.

New Jersey’s internet gambling market set another record in October, the latest proof that people are betting more of their money online rather than coming to Atlantic City to gamble it in person