UPS Financial News

MUMBAI : Mumbai: Net inflows into equity mutual funds jumped to a 23-month high in February, led by a surge of investments in thematic or sectoral funds. Net inflows rose 23% month-on-month to ₹26,865.78 crore, the highest since March 2022, data released by the Association of Mutual Funds in India (Amfi) showed on Friday. Thematic or sectoral fund inflows rose a whopping 134.4% month-on-month to ₹11,262.72 crore in February, from ₹4,804.69 crore in January.

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ALSO READ: Timeline of Bengaluru Rameshwaram Cafe blast as caught in camera: 'In 86 minutes...' Rameshwaram Cafe owner Raghavendra Rao said, “We have taken all precautions before reopening. The government and police have guided us on where to install more CCTVs. We will appoint one person just to keep a watch on the premises...authorities are also helping out with the metal detectors." While the cafe was reopened on Friday, it said that it will be thrown open to the public from 6 am on Saturday, March 9.

₹22,419 crore in Indian debt markets last month, extending the positive momentum picked up in 2023. The benchmark indexes Nifty 50 and BSE Sensex, which were little changed in January amid foreign outflows, gained more than one per cent last month on FPI buying and robust domestic inflows. FPI inflows are likely to increase further due to India's rising share in the MSCI Emerging Markets index, global brokerage firm CLSA said in a note.

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NEW DELHI, MUMBAI : The proposed free trade agreement between India and the European Free Trade Association is unlikely to address the issue of carbon tax—a key concern for domestic steelmakers looking to export to Europe. The two trading partners will instead address the issue through a separate pact later, two government officials told Mint. EFTA and India are likely to sign a free trade pact on Sunday, these officials said.

Sansad mein bhi Kejriwal" days ahead of the General elections with CM Arvind Kejriwal unveiling the slogan for the upcoming polls. Arvind Kejriwal said, “I will always be grateful to the people of Delhi for trusting Aam aadmi party and giving the opportunity to serve the people." Reacting to AAP's Delhi Lok Sabha campaign slogan, Delhi BJP President Virendraa Sachdeva brought up the Covid-19 situation in the national capital and said, “9 saal Kejriwal, loot, bhrashtachar aur Delhi behaal' this is their campaign. The entire Delhi knows that during COVID-19, when the people of the capital were frightened where were Kejriwal and his MLAs then?" “He [Arvind Kejriwal] talks about 'khushhal' and what he has done is only to loot the people of Delhi.

By Lucia Mutikani

(Reuters) — Futures for the S&P 500 turned positive on Friday after an uptick in the unemployment rate and slowing wage growth boosted expectations that the Federal Reserve could begin cutting interest rates by the middle of this year.

Orion is bolstering its leadership in the wealth technology space with a new strategic partnership with CAIS, an alternative investment platform, to offer broader alts access to its wealth advisory and OCIO clients.

Moneta, a fully partner-owned independent RIA with more than $30 billion in assets, is fortifying its presence in Colorado by adding a a team run by advisor tandem Amy Hiett and Mike Walsh to its network.

Easterly Asset Management is eyeing growth through some changes to its sales and business development functions.

JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy.

The Bureau of Labor Statistics will likely issue another strong jobs report Friday, but one that shows hiring in February was concentrated in just a few sectors and masked a broader cooling in the labor market, according to Bloomberg Economics.

Less than a year after entering the scene, national RIA firm Modern Wealth Management has made a significant stride as it expands into a new regional market. The RIA announced its acquisition of Beltz Ianni & Associates, a Rochester, New York-based firm specializing in corporate retirement planning and individual wealth management.

Bank (ECB) and the U.S. Federal Reserve might be closer to cutting interest rates than the Bank of England (BoE). The pound rose 0.18% to $1.2826, after hitting its highest since August against a weakening dollar. It was set for its sharpest weekly jump against the greenback since November, up 1.4% this week.

Elvish Yadav can’t quite keep himself (or rather his hands) away from pulling in the punches! The YouTuber has been involved in quite a few slap gates recently — he has hit headlines for slapping quite a few people! The controversial YouTuber landed in trouble as Sagar Thakur, a fellow YouTuber accused him of slapping him in Gurugram. Thakur, also known by the name ‘Maxtern’ took to X (formerly known as Twitter) on March 7 and uploaded a video of himself looking distraught and revealed that the ‘Bigg Boss’ contestant had ganged up on him and slapped him a few times. He also said he would share a video of himself getting attacked by Yadav and his cronies. “8-10 Elvish’s man vs Maxtern! Video shubhah daalta kya ladaee hui h!” The video went viral, gaining 1.8 million views and over 22K likes. While many netizens were skeptical over the veracity of the video, some praised him for standing up to Yadav.

RBC Capital Markets upped their rating on Carvana (CVNA) from Underperform to Sector Perform, with its analysts seeing the potential for the stock to climb higher before valuations become a significant concern again.

By Joice Alves

Bitcoin started the first half of this week with positive momentum, but faced a quick selling pressure as it tried to break through the previous record high of $69K.