UPS Financial News

Goa and pigs have long been closely linked. The Portuguese probably didn’t introduce them, given pork eating traditions in western India, in places like Mangalore and Coorg. But they would have encouraged their rearing, from familiarity with salt pork which fuelled their long sea voyages. There was also, perhaps, the use that the Inquisition made of pork, to identify Iberian Jews who claimed to have become Christians, but secretly maintained Judaic habits, particularly a revulsion from pork. 'Dominic’s Goa', an entertaining memoir by Domnic Fernandes, has a chapter on women who would raise a few pigs at home, feeding them on kitchen wastes and going to the houses that didn’t keep pigs to collect their waste as well. This was mixed with easily available paddy husk, coconut cake (left after oil pressing) and the water from cooking rice. “Pigs were sort of wet garbage-cleaners,” he writes.

Formation of Industry Standards Forum by SEBI — a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation. In a novel, unique and constructive move, SEBI has invited three of the main industry associations to together form an Industry Standards Forum (ISF) which will assist in designing the implementation standards for some of the proposed regulations. The ISF will work in consultation with SEBI, and the two Stock Exchanges will coordinate these initiatives. The first project assigned to ISF pertained to devising implementation standards for rumour verification which initially was to come into effect from October 1, 2023. The same was postponed until June 1, 2024, for implementation.

Taiwan Ministry of Defence, on Sunday, detected seven China's People's Liberation Army (PLA) aircraft, as well as over 10 China's People's Liberation Army Navy (PLAN) vessels around Taiwan. According to Taiwan's MND statement, seven PLA aircraft, 14 PLAN vessels, and four China Coast Guard (CCG) vessels were tracked operating in the island's vicinity up until 6 am. In response, Taiwan's armed forces monitored and responded to the situation accordingly.

T20 World Cup in the US is a "landmark event" and there is huge excitement among the diaspora as well as across America, India's envoy here said emphasising that the tournament is playing a «very significant role» in bringing cricket to the country's mainstream and will further contribute towards the bilateral people-to-people relationship. «This is the first time we are having a (cricket) World Cup being played on US soil. There is huge excitement, not only among the Indian diaspora members but even in the United States,» Consul General of India in New York Binaya Srikanta Pradhan told PTI here in an exclusive conversation ahead of the much-anticipated tournament. He said American congressmen, senators, elected representatives are talking about the T20 Cricket World Cup being held in the US.

Manishi Raychaudhuri, Veteran Investor In Asian Equities, says for global investors’ focus to come back sustainably in emerging markets, the rate narrative and the US dollar narrative has to change. Till then, we would possibly see this three steps forward and two steps back as far as the FII flows into India and other Asian markets are concerned. There are enough opportunities in India in sectors like capital goods, industrials and power which hitherto had not performed and some FIIsfund managers have moved into midcaps and even smallcap spaces. There was a weakish patch barely a week or 10 days ago when the market corrected from 23,000 to 21,800 odd. At that time, a narrative got built that China and Hong Kong markets have started to look very attractive versus India, so some money went there. But right now, we are back at life highs. Can India afford to do well despite some flows going to China? Manishi Raychaudhuri: I would think so.

market valuation last week, with Reliance Industries Ltd and HDFC Bank stealing the show with maximum gains, in line with rally in equities. Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday. From the top-10 most-valued firms pack, only ITC emerged as the laggard.

IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.

gold in the last one week has been 0.67% .whereas in the last month it has been -0.03%.The cost of silver is Rs.89850.0 per kg Gold Price Today in Delhi is ₹73252.0/10 grams. Yesterday’s Gold Price on 25-05-2024 was ₹74574.0/10 grams. and last week’s gold price on 20-05-2024 was ₹75071.0/10 grams.

Nifty ended with 2.2% gains in a truncated week amid significant volatility where India VIX shot up to a 52-week high gaining nearly 10% in four sessions. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «The Nifty and sensex scaled new peaks on Friday, with the Nifty surpassing the 23,000 mark for the first time ever. Sensex and Nifty record the biggest 2-week gain in the last 5 months. Nifty Bank moves 2% higher this week,» Pravesh Gour, Senior Technical Analyst at Swastika Investmart said, adding that the chart structure of Nifty now shows a bullish trend with a buy-on-dip approach should be adopted.

Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, says that there are lots of steam left in the global market, and we are seeing a lot more interest in equities globally, particularly in the US, and that helps India as well because if people are making a lot of money in the US, they want to diversify globally. They want to put their eggs in more baskets. And one of the most important baskets now is India. Mobius further says that India is a huge market and there are lots of opportunities for global investors.They are going to take advantage of that opportunity. I wanted to glean out a bit because overall we have seen that there has been a shift towards China as well because the valuations there were fairly comfortable. For you, I see that it is still one of the least preferred countries in terms of your geographical portfolio breakdown. What is the thesis there? Are you looking at perhaps increasing the weights in China and even the US for that matter is fairly underweight at just 9%? Mark Mobius: Yes, we are looking at China again now and you have seen that the Hong Kong market has had a pretty good recovery.

Rohit Sharma, the first batch of Indian cricketers departed for the United States on Saturday for the T20 World Cup starting June 2. The squad includes pace spearhead Jasprit Bumrah, top-ranked T20I batter Suryakumar Yadav, head coach Rahul Dravid and batting coach Vikram Rathou.

earlier article in Lounge explained, an NPU is a dedicated AI processor, specifically designed to take some of the load off your computer’s CPU and GPU when handling AI-related workload. Essentially, in an AI PC, which will have more computing power and storage, you can run large language models (LLMs) locally. Such devices will not only save time, but, according to a Microsoft blog, also help with productivity and remove previous limitations such as latency, privacy, and cost.

₹1000, exploring options that deliver exceptional value without compromising on sound quality or features. These affordable earbuds cater to a wide audience, from students and daily commuters to fitness enthusiasts and casual listeners.With advancements in technology, budget earbuds now come equipped with impressive features such as noise isolation, in-line controls, and even decent bass response. Many brands are stepping up their game to provide consumers with products that not only sound good, but are also durable and stylish.

All-Time Favourites for Children, read by Anuj Datta, Bond told PTI that the format could be called “a stimulus, a catalyst for the whole art of reading". As true as this may be for children, many adults, too, listen to books so that they can multitask during a commute or while doing chores, and meet reading or learning goals. India is the third largest audiobook market in the world after the US and China, according to Statista.

RAFA: My Story, coach “Uncle Toni" tells co-author John Carlin about what he says to his nephew on days when his body won’t stop hurting. “I say to him, ‘Look, you’ve got two roads to choose from: tell yourself you’ve had enough and we leave, or be prepared to suffer and keep going’." Nadal leaves nothing except other men in ruins. And even those up there in tennis’ rarefied air, who know pain, who’ve endured themselves, who live this ascetic life, they can’t fully comprehend it.

Grayson Murray, the two-time PGA Tour winner, has passed away on Saturday morning. He was 30-year-old. Earlier on Friday, Murray did not participate in the second round of Charles Schwab Challenge. No cause of death has been specified so far. In 2021, Murray revealed on social media that he was receiving treatment for alcoholism. He was also open about his mental health struggles after winning in January.

food supplies waiting to enter the Gaza Strip from Egypt have begun to rot as the Rafah border crossing remains shut to aid deliveries for a third week and people inside the Palestinian territory face worsening hunger. Rafah was a main entry point for humanitarian relief as well as some commercial supplies before Israel stepped up its military offensive on the Gazan side of the border on May 6 and took control of the crossing from the Palestinian side.

PlayStation 5, PlayStation 4, Xbox Series X|S, Xbox One, and PC users will be able to download a video game for free. 'MultiVersus' Season 1: Puns & Villainy will be releasing this week. «Ready your pies, grab a sandwich, and sharpen your skills, cause it's almost time to jump back into the mayhem. Welcome back to MultiVersus, MVPs!» the trailer caption reads.

Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home.

voter turnout of 54.03 per cent was recorded in Uttar Pradesh where polling took place for 14 parliamentary constituencies in the sixth phase of the Lok Sabha elections. According to the Election Commission of India's Voter Turnout app, Allahabad recorded 51.75 per cent turnout, Ambedkar Nagar 61.54 per cent, Azamgarh 56.12 per cent, Basti 56.66 per cent, Bhadohi 53.03 per cent, Domariyaganj 51.94 per cent, Jaunpur 55.52 per cent and Lalganj 54.39 per cent. The voter turnout in Machhlishahr was 54.43 per cent, Phulpur 48.97 per cent, Pratapgarh 51.60 per cent, Sant Kabir Nagar 52.63 per cent, Shravasti 52.76 per cent and Sultanpur 55.60 per cent. The polling percentage in the Gainsari assembly bypoll was 51.10 per cent.

T20 World Cup, starting next Sunday, poses a dilemma. As a tournament, it is great. But when you think of the Indians in the IPL, particularly those chosen for the T20 World Cup, a sense of unease sets in. In fact, in a fantasy XI based on IPL performances, only two Indians deserve a place. That tells you something about India’s chances in the T20 World Cup. This Indian team doesn’t appear formidable as the tournament approaches. This probably marks the first time in years that an Indian side is entering the World Cup with such little hype. The underdog tag could work in India’s favour; less pressure isn’t always detrimental and might help the team exceed expectations. Coming back to the fantasy XI, Travis Head and Sunil Narine are going to be the openers. While Head can single-handedly win a game, Narine, one of the best IPL players of all time, has had an unexpected resurgence as a batter this year. Both can score at a rapid clip in the Powerplay and set the game up. Narine, with the ball, has also been exceptional.