UPS Financial News

The end of the financial year is a busy time for taxpayers. As the deadline approaches, most people want to rejig their financial portfolio one last time to make the best out of tax-saving strategies. However, this last-minute shuffle shouldn’t be done without ample research and understanding of what you’re putting your money into.

I want to invest some money kept in a bank savings account in a liquid fund. Is it safe to invest in it for a short term? —Gaurav Kumar

Investing.com — Apple has been linked with Baidu over using the Chinese internet giant’s AI models in China, while Nissan (OTC:NSANY) launches a new three-year business plan. Goldman turns more positive on European equities, while Wall Street looks set to start the new week on a negative note.

The S&P 500 has surged so far in 2024, and after reaching Goldman Sachs' year-end target of 5200 last week, the firm said the index could continue to rally as mega-cap stocks continue to demonstrate their strength.

It will be a strange week, given the calendar’s lunar eclipse on Monday and the market’s closure on Friday. Add to that a PCE report on Friday, the day the market is closed, and a Jay Powell interview on the same day.

By Natalie Grover

Stocks wavered after last week’s strong rally as traders assessed the outlook for corporate earnings ahead of key data from the US that may give further clues on the Federal Reserve’s policy path.

European Union's flagship policy to restore damaged nature is hanging in the balance, with a vote to pass the law on Monday cancelled after Hungary withdrew its support for the bill. A vote on the law among EU countries' environment ministers on Monday was called off after Hungary said last week it would no longer back the policy — wiping out the already-slim reinforced majority of countries in favour. The nature law is the latest EU environmental policy to come under fire as policymakers try to respond to months of angry farmers' protests over complaints including strict green EU regulations. The EU has already weakened numerous green rules to attempt to quell the protests.

mutual funds in FY24 (April 1, 2023 to date). They have offered an average return of around 34.86% during the period. CPSE ETF, the topper on the list, offered 97.76% in FY24. Motilal Oswal S&P BSE Enhanced Value ETF offered 86.87%.

Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized — and potentially uncomfortable — election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts. Rate cuts will also invite critics — Republican challenger Donald Trump chief among them — to argue an agency set up to be an independent monetary authority is tipping the political scales toward Biden.

smallcaps in a raging bull market, 328 stocks with a market capitalisation of over Rs 1,000 crore have given multibagger returns since last Holi. Tine Agro is the top gainer with a massive return of 6,220% during the period. Data analysis shows that there are at least 5 other stocks that have given eye-popping returns of at least 1,000% — Kesar India, SG Mart, Jai Balaji Industries, Insolation Energy and Waaree Renewable Technologies.

HEG, one of the leading graphite electrode manufacturers in India, is one such stock. After experiencing a prolonged downward trend from October 2021 to March 2023, the company's shares experienced a notable rebound in the subsequent month. Since then, they have consistently followed an upward trajectory, surging from ₹920.70 to the current trading price of ₹1,902.

Are you tired of watching from the sidelines as others cash in on the latest crypto crazes like PEPE, BOME, Shiba INU, and Floki? Well, get ready to turn the tables because there’s a new gem on the block that’s poised to be your next big win in 2024.

RCB Vs PBKS IPL 2024 Live Score: Royal Challengers Bangalore (RCB) will take on Punjab Kings (PBKS) in their second match of the tournament. In the first match, Faf du Plessis-led RCB lost to Chennai Super Kings (CSK).

OnePlus, in its prior announcements, emphasized catering to the preferences of the Gen Z demographic, known for their inclination towards subtle yet stylish color palettes. Among the standout features, the CE 4 is expected to sport a sizable 6.7-inch Fluid AMOLED Panel with a 120 Hz refresh rate and a screen-to-body ratio of 93.4 percent. Powering the device will be the formidable Snapdragon 7 Gen 3 chipset, ensuring smooth performance.

Nikhil Kamath in an interview with The Print shared his thoughts on being a school dropout. He also noted the societal stigma associated with low-barrier jobs regardless of the monetary success. When asked how the reactions were after his dropping out Kamath said his parents took the news better than expected.

Pinarayi Vijayan on Monday said the slogans 'Bharat Mata Ki Jai' and 'Jai Hind' were first raised by two Muslims and asked whether the Sangh Parivar would be ready to abandon them. Reaching out to the minority community in this Muslim-dominated north Kerala district, the veteran CPI(M) leader said Muslim rulers, cultural icons and officials had played a significant role in the country's history and independence movement. Drawing examples from history to prove his point, Vijayan said a Muslim man named Azimullah Khan had coined the slogan 'Bharat Mata Ki Jai'.

Ahmedabad Municipal Corporation (AMC) has announced the establishment of a 300-tonne-per-day solid waste to steam plant in Ahmedabad, operating under the Public-Private Partnership (PPP) model. The plant, to be constructed by Surat-based Steamhouse India on a 5-acre plot at the Pirana Waste dumping site, is set to significantly reduce environmental pollution by decreasing reliance on fossil fuels. Ahmedabad, the seventh largest metropolis in India, produces approximately 4,000 metric tonnes of solid waste daily. The shift towards sustainable waste management is crucial due to the adverse effects of organic waste decomposition in landfills, which release harmful greenhouse gases contributing to climate change, and the health hazards posed by toxic substances from various waste types to nearby communities, a spokesperson from the Ahmedabad Municipal Corporation explained. Utilizing waste to steam (WTS) technology, the project aims to establish a circular economy by utilizing Refuse Derived Fuel (RDF). This German technology, making its debut in India, offers numerous benefits, including reduced environmental impact, low operational costs, and efficient resource utilization. Additionally, the project is anticipated to provide a more cost-effective solution for steam generation, with capital expenditure projected to be 70 percent lower compared to conventional waste to energy plants, according to the AMC.

Taiwan Ministry of National Defence (MND) said that it detected seven Chinese naval vessels and five Chinese military aircraft operating around the nation from 6 am (local time) on Sunday to 6 am (local time) on Monday, Taiwan News reported. According to Taiwan's MND, one of the PLA aircraft entered Taiwan's Southwest Air Defense Identification Zone (ADIZ). Taiwan's armed forces have monitored the situation and deployed appropriate forces to respond. On March 24, Taiwan's defence ministry seems to have witnessed an increase in Chinese military presence around the nation with the MND detecting eight Chinese naval vessels and six Chinese military aircraft operating around the nation from 6 am (local time) on March 23 to 6 am (local time), as per Taiwan News.

Wall Street closed its best week of the year so far with a quiet finish

Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions