UPS Financial News

₹50,000 price segment. Notably, the two smartphones have already been launched in Germany via the Otto retail website, giving a glimpse of the possible specifications that could be found on the Indian variant.

Stock market today: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level. However, the broad market witnessed buying interest as the small-cap index went up 0.70 percent while the mid-cap index shot up 0.39 percent.

HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.

Wall Street lower on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate cuts. The yen edged higher as data released on Monday showed Japan was not, in fact, in recession after economic growth was revised up to an annualised 0.4% for the December quarter.

2024 Oscar Awards ceremony witnessed a bizarre and awkward moment when John Cena came to the stage almost naked to present the award for best costume design. It all began with host Jimmy Kimmel talking about the incident taking place at the 46th Academy Awards in 1974 when a naked man ran across the stage. He asked the audience if they could imagine a nude man running across the stage. John Cena popped up his head and said that he had changed his mind and wouldn't do the streaker bit anymore.

South African Cheetah 'Gamini' has given birth to five cubs at Kuno National Park in Madhya Pradesh's Sheopur. An announcement in this regard was made by Union Minister for Environment, Forest and Climate Change Bhupender Yadav on Sunday. The Union Minister said that the total number of Indian-born Cheetah cubs has gone up to 13.

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024. 

Shaitaan Box Office Collection Day 3: Vikas Bahl’s latest Bollywood movie, a supernatural horror-thriller, has stormed the box office and managed to earn ₹53.5 crore net in the domestic market in just three days. The movie, starring Ajay Devgn, R Madhavan, Jyothika, Janki Bodiwala and Anngad Raaj, is the remake of a 2023 Gujarati movie named Vash. As per media reports, the movie was made around ₹65 crore.

Sensex gained 33.40 points to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation “Technically, this pattern indicates breather type formation post sharp upside breakout of Wednesday.

technical recession, revised government GDP data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery. Japan's revised gross domestic product (GDP) expanded at an annualised clip of 0.4% in the October-December period from the previous quarter, better than the initial estimate for a 0.4% contraction, according to the Cabinet Office.

biggest initial public offerings so far this year, according to people familiar with the matter. The social media platform and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, said the people, who asked not to be identified because the information wasn’t public yet. The company was seeking a valuation of as much as $6.5 billion in the listing, Bloomberg News has reported.

Buy or sell stocks: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level.

stock broking app to place an order for Bank Nifty options, he was taken aback. “On 20 December, the broker’s app had a glitch when I placed some orders for a Bank Nifty option. The app didn’t show anything, whether my orders had been executed or rejected or were pending. My order book and position page didn’t get updated, nor did the funds page,” recounts Patil. Seeing his funds in place, Patil kept punching in his order, but nothing got updated. The order book and position tab got updated only a few minutes later, showing an open position, with a huge loss of Rs.37,000. Patil tried to exit that position, but the error kept recurring. Patil is not alone in his suffering. Today, more individuals are trading than ever before. A record number of investors have opened demat accounts in the past few years. A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of demat accounts to 13.93 crore. The trading volume on stock exchanges has increased over tenfold since 2019-20. However, brokers are finding it tough to handle this frenetic activity. In recent months, users of several broking platforms have been crying foul after facing recurring outages and disruption in services. Uphill battle for users

equity for a long period of time will have personal experience to vouch for the simple approach of holding a diversified portfolio that is managed to weed out losers. For everyone else, such advice is simply theory. This is because they have made their own rules. Everyone who has dabbled in equity investing has had good and bad experiences. They deem these to be their best teachers. The lessons are shared with others, who also draw similar conclusions. The commonality of experience is enough, in many cases, to overtly generalise. Many rules are formed in this manner and usually narrated with great conviction. This one ranks at the top: one must not be greedy, and one must book profits. This position typically comes from the experience of being with a stock (not portfolio) that ran up in a speculative frenzy, and then crashed. It is also the lesson many investors take from the benefit of hindsight when the equity markets fall. If only I had booked profits, they rue.

funds’. The market regulator asked for a policy to be put in place to protect investors. The letter laid down two requirements for this policy. First, ‘appropriate and proactive measures are to be taken by AMCs and fund managers to protect investors, including, but not limited to, moderating inflows, portfolio rebalancing, etc.’ Second, it asked for ‘steps to ensure that investors are protected from the first-mover advantage of redeeming investors’. The specific threats that Sebi is pointing at and the measures to contain these are quite clear. The regulator is worried that if large inflows in small-cap funds continue, the quality and value of the portfolio holdings will inevitably drop. There is only so much worthwhile investable stock available in the smaller companies. The second concern is about what will happen if a small- and mid-cap crash does occur. The investors who exit as soon as a downturn begins can disproportionately benefit at the expense of those who remain, as their redemptions are likely to force fund managers to sell better quality holdings at unfavourable prices. This will compromise the fund’s quality and value for remaining investors. This is not a hypothetical situation; we have repeatedly seen it happen in debt funds.

Nidhi is the mother of 14-year-old Abeer, and has been having difficulty managing his demands. She keeps a close watch on how the money is spent and is confident that her son doesn’t have any bad habits. However, Abeer wants the latest electronic gadgets, money to spend in school every day, and over the weekends, when he is out with friends. He dislikes discussions about money and is quick to label any advice as a sermon. Nidhi wants him to imbibe the right values about money and spending. She wants him to learn good money habits, but wonders if it’s too late. Nidhi needs to realise that Abeer is at an age where he will learn best from his own experience, not through advice or discussions.

ABSL Mutual Fund launched a thematic fund, providing investors a way to play the emerging ‘manufacturing’ theme. Fast forward nine years and the investors who stayed the course find the thematic fund’s 12.5% return since inception lower than the broader market return for the respective period. Thematic new fund offers (NFOs) make a tantalising proposition—targeted exposure to specific themes. But do these funds truly perform? Statistically, funds like ABSL Manufacturing that didn’t do well form 36% of the thematic NFOs launched in the past 10 years. A higher 64% have done better than the overall market since launch, an ET Wealth study shows. Game of themes The reason for AMCs coming up with more thematic NFOs in recent years has been largely due to the regulatory cap of a single fund per category. However, funds can have any number of unique themes. Between 2014 and 2017, there were only six thematic equity NFOs (actively managed), but in the 2018-23 period, 55 new funds came into the market. Buoyant markets have helped. With equities giving double-digit returns in four of these six years, thematic funds have easily attracted eyeballs.

investors who are mulling putting money in the government's share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors could, however, consider purchases of NLC shares on further declines. On the first day of the offer for sale (OFS) on Thursday, the non-retail investor category was subscribed 2.92 times. The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at ₹212 a share. The stock fell 3.3% to ₹219.10 on Thursday.

strict scrutiny of cobranded credit cards – a sector that has seen strong growth recently – in recent times is aimed at preventing backdoor entry into the highly regulated credit card industry, people aware of the situation told ET. The central bank wants to strengthen regulations on cobranded credit cards, they said.

HDFC Bank has set the ball rolling for the much-anticipated initial public offering of its subsidiary HDB Financial Services. The country's largest lender by market capitalisation intends to schedule the launch of the share sale in its financial services arm in the last quarter of calendar 2024 or the first quarter of 2025, said sources familiar with the development. If the IPO happens in 2024, it could be one of the biggest public issues of the year and the first from the HDFC Group after the merger of HDFC Bank and HDFC.

ARCs) are lining up for the bankrupt ACCIL Corp's ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The asset in question is an ACCIL-owned hotel in Jaipur, which has been put on block by lenders to recover their dues. Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.