UPS Financial News

The Financial Conduct Authority has approved the strategy, making Waystone the first independent authorised corporate director (ACD) to get the green light for an LTAF. Schroders lines up launch of UK venture and growth capital LTAF The WS Fulcrum Diversified Private Markets (H) LTAF will invest in a blend of private market asset classes, the ACD explained, including private equity, private credit, infrastructure and real estate, for a single defined contribution pension scheme. The LTAF will be a sub-fund of the WS Fulcrum LTAF, with Northern Trust providing depositary and fund ad...

By Bansari Mayur Kamdar and Shashwat Chauhan

At this point, one must wonder what the Fed is trying to pull off, and it isn’t entirely clear to me. It seems like the Fed is taking a big gamble here on inflation hotter than not.

New numbers show people are bolting out of New York, according to the latest Census Bureau data.

Ramapo Wealth Advisors, operating under Steward Partners, welcomed Alejandro “Alex” Tirso as its newest partner and wealth advisor.

Rajiv Gandhi. Bihar Chief Minister Nitish Kumar's caste census garnered national attention when the former was still part of the Opposition INDIA bloc. Congress has also been harping on the need for a caste census in India.

Stock market today: After bottoming out at ₹760 apiece level, Gensol Engineering share price has been in uptrend for the last four straight sessions. After touching the upper circuit on the first three trade sessions of this week, Gensol Engineering share price today once again opened upside at ₹904 per share and went on to touch an intraday high of ₹925.25 apiece on NSE, locking in 5 percent upper circuit within a few minutes of stock market's opening bell. However, the engineering stock retraced from its intraday low after the profit-booking trigger.

Indian Banking sector is structurally in stronger shape to ride the retail credit growth story over the next decade, amid rising consumerism. However, funding such growth via retail deposits at a reasonable cost among rising structural disruptions could emerge as the biggest challenge, said domestic brokerage firm Emkay Global Financial Services in its latest banking analysis report.

Govt mulls legal action against Hero Electric, Okinawa, Benling for alleged FAME subsidy fraud. CBI, ED to probe Citing US government emails, the Reuters report stated despite bonhomie that is displayed by both sides in the public, US officials were upset about the Indian laptop licensing policy came "out of the blue", without notice or consultation and was “incredibly problematic" for the business climate.

₹1,655.00 apiece on the BSE. Emkay Global initiated coverage on Motilal Oswal Financial Services (MOFSL) with a ‘Buy’ rating and a March 2025 target price of ₹2,000 per share, implying an upside of 26.5% from Wednesday’s closing price.

issued a notification on 20 March designating the Press Information Bureau (PIB) as the fact-checking unit. The top court also set aside the Bombay high court's 13 March interim order, which had refused to restrain the government from notifying the fact-checking unit.

billion into consumer durables stocks in February 2024. This figure also marks the highest influx of FII buying in this sector since January 2020. FIIs had net sold $27 million worth of consumer durables stocks in January 2020.Despite the lacklustre corporate commentary following the December quarter earnings (Q3FY24), FIIs have lapped up stocks of consumer durables companies.

Javed, a co-accused, is not shot dead in an encounter. The motive for the murder of Ayush, 11, and Ahaan, 6, has not been established yet. The two minor children were hacked to death at their home allegedly by one Sajid a barber in Baba colony in the western UP district.

Calcutta High Court on Thursday directed the Centre to file an affidavit on a PIL alleging deactivation of Aadhaar cards of people by the authorities concerned. Additional Solicitor General (ASG) Ashoke Chakrabarti questioned the maintainability of the PIL, stating that no individual case of any person affected by such a deactivation has been cited in the petition. A division bench headed by Chief Justice T S Sivagnanam directed the Centre to file the affidavit within three weeks stating its position on the allegation made in the PIL, which claimed that Aadhaar cards of people were being deactivated in an arbitrary manner using provisions under Section 28A of the Aadhaar Act. Directing the petitioner to file their affidavit a week after that, the bench, also comprising Justice Hiranmay Bhattacharyya, said that the matter will be taken up for hearing again on April 25.

The gains come on the back of a favourable coverage by Japanese brokerage Nomura which remains bullish on the prospects of the state-run refiners. However, Macquarie and Kotak Institutional Equities hold bearish views on them amid likely pressure on margins.

European shares scaled to record-high levels on Thursday, boosted by basic resources-linked stocks and a strong risk appetite, while traders await a raft of economic data from the euro zone and the United States. The pan-European STOXX 600 index was up 0.8% at 509.96, as of 0818 GMT.

BJP bastion of Gautam Buddh Nagar, Samajwadi Party's Lok Sabha candidate Rahul Awana says he is raising issues related to farmers and homebuyers across Noida and Greater Noida to connect with the voters of the constituency. Awana says these issues have remained unresolved for long under the BJP rule. «I belong to a family of farmers. There are several issues related to farmers in Gautam Buddh Nagar which have not been resolved in a long time. They are not getting land or compensation due to them. The youngsters are roaming around jobless. Noida's flat-buyers are helpless in front of arbitrariness of the builders,» Awana told PTI. «Overall, there is a bad situation in the district because of Dr Mahesh Sharma (sitting BJP MP). Our national president (Akhilesh Yadav) has shown confidence in me and I am confident of fulfilling it. I will work to find solution to all the problems in my district,» the 39-year-old Awana said.

Bajaj Holdings & Investment Ltd. traded at Rs 8159.95 on BSE at 01:55PM (IST) on Thursday, up 0.33 per cent from previous close. The scrip quoted a 52-week low price of Rs 5791.05 and a high of Rs 9355.0.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), people familiar with the matter told Bloomberg. Also Read | JSW Infrastructure acquires Shapoorji Pallonji Group’s stake in PNP port The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not to be identified because the details are private. Negotiations are ongoing and details of the lending could change, they told Bloomberg.

Donald Trump’s stake in his social-media company could soon be worth nearly $3.5 billion, giving the former president a potential windfall that could ease his financial pressure and boost his political campaign. Trump’s winning lottery ticket would come from Truth Social, the struggling social-media platform he launched in 2021. After a twisted path that included tens of millions of dollars in losses and insider-trading convictions, the platform could be worth billions of dollars because the former president’s supporters have bid up the shares of its merger partner.