UPS Financial News

Indian Overseas Congress chairman Sam Pitroda's recent comments on 'inheritance tax' in India have stirred up a debate. There are differing opinions on whether introducing such a tax could lead to fairer wealth distribution. Conversely, some argue that implementing an inheritance tax in India may not be justified, citing various economic and social factors such as its potential impact on family businesses and concerns about double taxation.

Swing-state voters are open to several ideas to keep Social Security benefits flowing for decades — as long as it’s the wealthy footing the bill, according to the latest Bloomberg News/Morning Consult poll.

Shares of Prestige Estates Projects Ltd.(up 1.83 per cent), Brigade Enterprises Ltd.(up 1.82 per cent), Mahindra Lifespace Developers Ltd.(up 1.8 per cent), Macrotech Developers Ltd.(up 1.24 per cent) and DLF Ltd.(up 0.94 per cent) ended the day as top gainers in the pack.

The backdrop to these new rules is the spike in complaints during the height of the COVID-19 pandemic in 2020. Complaints related to airlines and ticket agents rejecting or delaying refunds made up 87% of all air travel service complaints during that period. US Transportation Secretary Pete Buttigieg, in a statement, emphasized, “Passengers deserve to get their money back when an airline owes them — without headaches or haggling.” Passengers will be entitled to refunds if there's a «significant change» to their flights. This includes the following scenarios:

The yen has become stuck around a 34-year low against the dollar after months of declines, increasing concern the currency is becoming a liability for Japan’s economy and stocks.

On the BSE, Umiya Tubes Ltd.(down 11.43 per cent), SVJ Enterprises(down 10.00 per cent), Golkonda Aluminium (down 9.98 per cent), Mayur Floorings(down 9.92 per cent) and Atal Realtech(down 9.92 per cent) stood among the top losers in today's trade.

Ankiti Bose, former CEO of B2B fashion startup Zilingo, has filed a case of sexual harassment against the company’s cofounder Dhruv Kapoor and its former chief operating officer Aadi Vaidya. A case was registered against the two men under sections 354 (A) and 354 (D) pertaining to sexual harassment and stalking, respectively, of the Indian Penal Code on Tuesday at the Kasturba Marg police station in suburban Mumbai. The Mumbai police are yet to summon Kapoor and Vaidya. Both the sections are non-bailable in nature and punishable with up to five years in jail.

As Bitcoin (BTC/USD) hovers around $66,980, up approximately 1%, attention intensifies on its upward trajectory, potentially surging towards $70,000. Recent developments in the cryptocurrency market, particularly the influx of $59.7 million into U.S. Bitcoin ETFs after a period of outflows, signal a shift in sentiment.

Shares of Ashok Leyland Ltd.(up 1.69 per cent), Bharat Forge Ltd.(up 1.29 per cent), Hero MotoCorp Ltd.(up 1.12 per cent), Tube Investments of India Ltd.(up 0.72 per cent) and TVS Motor Company Ltd.(up 0.58 per cent) ended the day as top gainers in the pack.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 9.80%), Chambal Fertilisers & Chemicals Ltd.(up 5.74%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.71%), The Fertilisers and Chemicals Travancore Ltd.(up 5.61%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.70%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.39%), Paradeep Phosphates Ltd.(up 3.00%), Southern Petrochemicals Industries Corporation Ltd.(up 2.91%), National Fertilizers Ltd.(up 2.84%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.51%) stood among the top gainers.

Mrs. Bectors Food Specialities Ltd.(up 5.80%), Godrej Consumer Products Ltd.(up 2.93%), Vadilal Industries Ltd.(up 2.44%), Colgate-Palmolive(India)Ltd.(up 2.15%), Nakoda Group Of Industries Ltd.(up 1.96%), Heritage Foods Ltd.(up 1.70%), Emami Ltd.(up 1.43%), Patanjali Foods Ltd.(up 1.43%), Tasty Bite Eatables Ltd.(up 1.41%) and Prataap Snacks Ltd.(up 1.24%) stood among the top gainers.

Anand Athreya, CEO & MD and Arnob Roy, COO & ED, Tejas Networks, in conversation with ET NOW. Though BSNL has given the biggest order, a significant amount of the order book is for other customers and for Tejas’ wireline products. The order book is mainly the business and tenders that they have won and which they have to execute. A good part of the business is run rate business which are purchase orders that come in a quarter and which are executed throughout the year in the next quarter.

20 Microns Ltd.(up 5.87%), NMDC Ltd.(up 5.74%), Sandur Manganese & Iron Ores Ltd.(up 5.00%), Gujarat Mineral Development Corporation Ltd.(up 3.50%), MOIL Ltd.(up 2.51%), KIOCL Ltd.(up 2.34%), The Orissa Minerals Development Company Ltd.(up 1.53%), Oriental Trimex Ltd.(up 1.14%), Pokarna Ltd.(up 0.71%) and Coal India Ltd.(up 0.66%) stood among the top gainers.

Viva Money, a digital lending platform, is making waves in the Indian financial sector. The company has surpassed a significant milestone, issuing over 1,000 credit lines to customers across the country within just three months of operation since December 2023. This achievement highlights Viva Money's dedication to making financial solutions accessible to all.

How do you run a democracy when the mercury rises above 40° Celsius? That’s the problem faced by voters in India. A swathe of the country’s east is sweltering under a brutal heatwave. The city centre of Kolkata has emptied out, schools have cancelled classes, and one TV presenter collapsed on air with heat stroke.

HSBC Flash India Composite PMI output index rose to a near 14-year high of 62.2 in April from 61.8 in March. The composite index is a weighted average of manufacturing and services business activity index. A reading above 50 indicates expansion.

Mumbai Police's Economic Offences Wing (EOW) gave a clean chit to Sunetra Pawar, wife of Maharashtra Deputy Chief Minister Ajit Pawar, who was named as the ruling NDA's surprise pick for Baramati Lok Sabha constituency, in the Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) 'scam' case. The EOW stated in its closure report that it did not see any criminality or wrongdoing in the matter, adding that the bank in question did not suffer any losses in the process of sanctioning loans or selling the Jarandeshwar Sugar Mill. The closure report comes at a time when the leaders in the Opposition combine--INDIA, have renewed their 'washing machine' charge at the BJP, claiming that probe agencies go slow on dissident leaders once they jump ship and join the ruling party at the Centre.

Chennai Petroleum Corporation jumped 16% on Wednesday to hit their 52-week high of Rs 1,074.95 on the NSE after the company declared a final dividend of Rs 55 per share while reporting a 72% sequential surge in its March quarter net profit to Rs 627.89 crore. The final dividend would be paid within 30 days from the date of declaration at the AGM and the record date for the payment of final dividend would be intimated in due course, the company filing said.

US prosecutors are seeking a 3-year prison term for Binance founder Changpeng Zhao, per a Tuesday court filing.

A few hours after the Bitcoin (BTC) event on April 20, 2024, the broader markets began a price recovery. After weeks of negative activity, Dogecoin (DOGE) and NEO (NEO) finally broke out of resistance points.

Raymond Cormier, a career criminal and the man police believed killed Tina Fontaine, has reportedly died and “took all the answers with him” said Fontaine’s aunt Thelma Favel.“No, it doesn’t give me closure,” says Favel, who raised the 15-year-old girl who became the name and face of Canada’s missing and murdered Indigenous women and girls crisis when she was found wrapped in duvet and weighted down in Winnipeg’s Red River in August 2014.Fontaine had been missing for a month when her body was recovered. A cause of death was never determined but police charged Cormier with second-degree murder, relying on the controversial Mr.