UBS upgrades Jabil to buy on AI growth, raises estimates; keeps $430 target

Dolat Capital has initiated coverage on NSE with a ‘sell’ rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage expects tighter derivatives regulations, falling options volumes and market-share losses to curb growth, making NSE’s rich valuation difficult to justify ahead of its planned $3 billion IPO.

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.

Federal Reserve Chairman Kevin Warsh has shown keen interest in probing a discussion that took place between a top regulator and participants from the market. This meeting followed a recent Federal Reserve rate decision. Warsh clarified that he would not interfere with the ongoing investigations led by the internal watchdog, opting instead to await the…