UPS Financial News

When you need funds, you can choose from credit options like a personal loan or an overdraft. The choice between the two can be based on how long you need the money, how the interest is charged, how you will repay, etc. So, let us discuss what is a personal loan and an overdraft, the differences between them, and which one is better for you.

In the first half of 2023, the investment team of the firm's Ireland-domiciled €565mn Gold & Silver fund, managed by Ned Naylor-Leyland, Joe Lunna and Chris Mahoney, bought into 21Shares' Ripple XRP ETP for £2,571,504. The asset manager's compliance department picked up the holding through a «regular oversight process», and the managers then sold it for $2,570,670 at a loss of $834. A Jupiter spokesperson told the FT the fund has since «made up the difference». Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted «There was no regulatory...

Shares of Bosch Ltd.(up 2.35 per cent), Bajaj Auto Ltd.(up 2.22 per cent), Tube Investments of India Ltd.(up 1.52 per cent), Maruti Suzuki India Ltd.(up 0.91 per cent) and Mahindra & Mahindra Ltd.(up 0.71 per cent) ended the day as top gainers in the pack.

Quick-commerce unicorn Zepto is experimenting with a membership programme called Zepto Pass. Priced at Rs 99 per month, the membership offers unlimited free deliveries on orders costing over Rs 99, and discounts of up to 20% on certain orders. While discounts are available to some users for orders over Rs 299, for others the threshold is over Rs 699. The firm is currently offering the service to a targeted set of users, with some getting an introductory price of Rs 19.

KPI Green Energy Ltd.(up 10.25%), Inox Wind Ltd.(up 6.52%), Inox Wind Energy Ltd.(up 4.99%), Power and Instrumentation(Gujarat)Ltd.(up 4.98%), SJVN Ltd.(up 4.82%), KKV Agro Powers Ltd.(up 4.72%), NHPC Ltd.(up 4.26%), JSW Energy Ltd.(up 3.92%), Hitachi Energy India Ltd.(up 3.90%) and Gujarat Industries Power Company Ltd.(up 2.88%) stood among the top gainers.

India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and tour, events and engineering related consultancy services, plans to strengthen its offices in Mumbai, Chennai and Kolkata with an aim to develop these as regional hubs for its businesses. «We want not to only expand but whatever we have now to take it a notch further ahead, take it much higher and look at new business opportunities also for ITDC as a company,» Synrem told PTI on the sidelines of the launch of the company's new mascot 'Adyant' and a fresh tagline. On the new business opportunities, he said, «We have won a bid for a new duty free shop at the Vizag (Visakhapatnam) airport. We participated in the competitive bid and we have won it. It is a new thing which is coming up very soon.»

Shares of Au Small Finance Bank Ltd.(up 3.03 per cent), ICICI Bank Ltd.(up 2.01 per cent), Bandhan Bank Ltd.(up 1.47 per cent) and State Bank of India(up 0.61 per cent) ended the day as top gainers in the pack.

The NSE Nifty index closed 81.55 points up at 22122.25, while BSE Sensex ended up 281.52 points at 72708.16.

Uttam Sugar Mills Ltd.(up 4.13%), DCM Shriram Industries Ltd.(up 3.68%), Balrampur Chini Mills Ltd.(up 3.38%), Kothari Sugars & Chemicals Ltd.(up 3.16%), Sakthi Sugars Ltd.(up 2.97%), Triveni Engineering & Industries Ltd.(up 2.62%), Bajaj Hindusthan Sugar Ltd.(up 2.61%), Rajshree Sugars & Chemicals Ltd.(up 1.78%), Mawana Sugars Ltd.(up 1.68%) and Simbhaoli Sugars Ltd.(up 1.22%) stood among the top gainers.

On the BSE, Angel Fibers(down 11.74 per cent), Rex Sealing & Packin(down 11.40 per cent), Gujarat Hy-Spin(down 10.80 per cent), Harshdeep Hortico(down 9.94 per cent) and Trivikrama Ind(down 9.87 per cent) stood among the top losers in today's trade.

₹21,740 crore, pertaining to the period from 2012 to 2019. According to a regulatory filing made by the company on February 16, the total value of refunds stands at ₹25,464 crore, with the company actively pursuing the remaining balance with the Income Tax Department. “In this regard, the Income tax Department has released ₹21,740.77 crore on 15.02.2024.

Xiaomi 14 smartphone is coming to India on March 7. Notably, the Xiaomi 14 series debuted in China in October last year, while the global launch event is scheduled for 25 February. The Xiaomi 14 series includes 3 smartphones: Xiaomi 14, Xiaomi 14 Pro and Xiaomi 14 Ultra.

Britannia Industries, Godrej Consumer Products, Tata Consumer Products, Jyothy Labs, Heritage Foods, Mrs. Bectors Food and Varun Beverages are the top picks of Sharekhan post Q3 results The financial performance some companies stood out and Jyothy Laboratories, Radico Khaitan, Varun Beverages and Nestle India were among Leaders for Q3FY2024, as per Sharekhan Laggards for Q3FY2024 howver included Zydus Wellness, Hindustan Unilever and Bajaj Consumer Care as per them. Consumer companies saw impact of weak demand during the quarter impact their volumes and revenue growth while price cuts taken to support volumes further put pressure on topline growth.

Hindalco Industries is putting a major thrust into its sustainability projects as the company expects to realize the first phase of its interim green house gas (GHG) reduction target by a couple of years before 2030, said Satish Pai, managing director of the company. Hindalco Industries, through the successful completion of phase one of the pumped hydro project, plans to achieve 30% of its energy mix from renewable sources by 2030.

The U.S. government is giving chip maker GlobalFoundries $1.5 billion in grants to build and expand facilities in New York and Vermont, the first major award in a program that aims to reinvigorate domestic chip production. The award from the Commerce Department kicks off what is expected to be a series of cash injections into semiconductor manufacturing projects in Arizona, Texas, New York and Ohio in the coming weeks.

US markets are closed for President’s Day on Monday and will reopen on Tuesday.

MILAN (Reuters) — Stellantis (NYSE:STLA) is considering building up to 150,000 low-cost electric vehicles (EVs) in Italy, in its Mirafiori complex in Turin, as part of its agreements with Chinese automaker Leapmotor (HK:9863), Automotive News Europe said on Monday.

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Solana (SOL) continues to prove that it is the best coin to invest in today as it rises through the ranks in the crypto market, surpassing Binance Coin (BNB). Meanwhile, Algotech (ALGT) has become a favorite presale crypto.

By Xinghui Kok and Joe Brock