UPS Financial News

Subscribe to enjoy similar stories. Ah, Nantucket. A name more commonly known to us from cheeky limericks than from any serious artistic endeavour, a place that calls to mind more lewd rhymes than high drama.

Sandip Sabharwal, asksandipsabharwal.com, says there is much excess capacity in crude now, and with a huge number of LNG gas projects coming on stream next two to three years, the overall crude and oil and gas basket will remain subdued. So, it is going to be a good two-three-year phase unless and until something very significantly negative happens geopolitically. The next two to three years with the normal volatility in these commodities should be fine for the consumers. Sabharwal further says that as the market rally continues across sectors, which company you need to book out of or which you want to hold, will depend on relative valuations. What is the outlook on traditional defensives that have been proving their might? FMCG & pharma counters have been at the forefront in the last few weeks. Is there more to go? Sandip Sabharwal: Given the valuation the markets have reached, there is a high probability that defensives might outperform as the markets stall going forward, which they should. The same pace of upside is very tough to maintain. Now, the key for the performance of these companies from here on, on absolute terms, how much percentage gain they can give will also depend on the actual volume recovery and what actually has been the impact of good monsoons, etc, improve sentiments on rural, urban demand for the products of these companies.

Ottawa may not be done firing trade salvos at China as Finance Minister Chrystia Freeland said the federal government was considering further tariffs.

Ambuja Cements Ltd. rose 0.74 per cent to Rs 633.65 at 11:35AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 41,160 shares with a turnover of Rs 2.59 crore till 11:35AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 47.02, while the price-to-book value ratio stood at 3.25.

A 17-year-old was shot in the face while looking for a place to take homecoming photos, according to police in Colorado.

PG Electroplast with a target price of Rs 770. The current market price of PG Electroplast Ltd. is Rs 617. PG Electroplast Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 16044.95 Crore) operating in Electric/Electronics sector.

ACC Ltd. gained 1.24 per cent to Rs 2497.85 in Friday's trade. It hit a high of Rs 2502.0 and low of Rs 2455.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2455.2, while the 50-DMA was at Rs 2477.07. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper and RBL Bank. Granules India is the latest entrant to the ban list.

Sobha Ltd.(up 3.7 per cent), Godrej Properties Ltd.(up 2.68 per cent), DLF Ltd.(up 2.49 per cent), Macrotech Developers Ltd.(up 1.99 per cent) and Mahindra Lifespace Developers Ltd.(up 1.35 per cent) were among the top gainers.

Reasons to buyReasons to avoidThe Casaliving Rolando L-Shaped 6 Seater Sofa Set is perfect for those who love to entertain. Its spacious design and modern shape make it ideal for larger living rooms.

Zomato Ltd. with a target price of Rs 325. The current market price of Zomato Ltd. is Rs 283.9. Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 250598.11 Crore) operating in Services sector.

Nazara Technologies has acquired 47.7% stake in Moonshine Technology, the parent company of online poker gaming platform PokerBaazi, for Rs 832 crore through a secondary transaction. Additionally, Nazara will inject Rs 150 crores in primary capital into Moonshine via compulsory convertible preference shares, the Mumbai-based firm said in a stock exchange filing. Led by founder and CEO Navkiran Singh and cofounders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, Moonshine generates over 85% of its net revenue from PokerBaazi, while its fantasy sports platform, SportsBaazi, contributes 12%. As of May 2024, PokerBaazi had around 340,000 monthly active users.

Subscribe to enjoy similar stories. More than four weeks after US-based short-seller Hindenburg Research fired a salvo at the chairperson of India’s capital markets regulator Securities and Exchange Board of India (Sebi), Madhabi Puri Buch, the controversy over her alleged role in the story refuses to die down.

Pakistan’s leader says the country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion loan to help prop up its economy

Subscribe to enjoy similar stories. POKROVSK, Ukraine—Even as tanks help Ukraine push into Russia, armies are rethinking how the powerful vehicles are made and deployed after a recent history of being humbled in combat. Tanks were once the king of the battlefield.

Subscribe to enjoy similar stories. A United Arab Emirates state-backed company is in talks to invest in OpenAI as part of a multibillion-dollar fundraising round for the startup behind ChatGPT. MGX, which the U.A.E.

Subscribe to enjoy similar stories. The narrow sliver of ground at the edge of the water is slushy and slithery, glimmering in the mid-morning sun. It is punctuated by small pointy root-like structures, a few inches in height, sticking up from the slimy earth, while tiny creatures make tentative appearances, darting in and out of holes in the ground.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Cabinet announced a slew of schemes ahead of crucial assembly polls, and the price of Brent crude oil fell below $70 a barrel for the first time since December 2021.

Wall Street's main indexes closed higher on Thursday after the latest inflation data reinforced expectations for a 25-basis point rate cut by the Federal Reserve, while Moderna's weak revenue forecast made it the S&P 500's biggest percentage loser. The producer price index (PPI) for final demand rose 0.2% in August, compared with estimates for 0.1% growth. The core number, which strips out volatile food and energy prices, rose 0.3%, higher than the 0.2% forecast.

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week

mental health and neurology space has a massive potential to transform lives, the ET Startup Awards 2024 jury said, as it zeroed in on BrainSight AI as the winner in the Top Innovator category. While space technology startup SatSure was in contention, the potential use of artificial intelligence in reading complex MRI scans and its eventual impact on humans tilted the jury towards BrainSight AI. “The Top Innovator category gives you a sense about the moonshot ideas that entrepreneurs are chasing… It makes you feel that the world is going to be a better place,” said jury member and Caratlane founder Mithun Sacheti.