UPS Financial News

₹1413.30 in intra-day deals on Thursday, February 15 after the largest private sector lender informed in a press release that has witnessed healthy growth in its Home Loan Business post its merger with HDFC. The lender announced that its home loan business experienced a stable and healthy double-digit YoY growth for two quarters, ending December 31, 2023. The growth in sales turnover has come on the back of a wider distribution network with a 3.6 percent sequential growth as of December 2023, the highest amongst peers in home loans.

Mint. However, a pick up in the purchase of gold is expected during the second half of the year, as good monsoons are likely to see a spurt in the demand for the yellow metal and as consumers adjust to higher prices, Somasundaram said. "There is going to be a spurt in demand for gold after general elections, as people will have more money in hand," he added.

By Pablo Mayo Cerqueiro, Andres Gonzalez and Oliver Hirt

Mutual fund managers continued their robust equity purchases for the fifth consecutive month in December 2023, pushing their total net equity investments over ₹1.7 trillion in the calendar year. Fund managers bought equities worth ₹230 billion (bn) until 28 December compared to ₹180 bn in November 2023, data from the Securities and Exchange Board of India (Sebi) showed. With inflows into equity MF schemes remaining positive for the past 34 months, domestic MFs have emerged as a pillar of support for the stock market.

BRUSSELS—With a war raging nearby and the threat that a second Trump administration could pull the U.S. out of NATO, Europe has ratcheted up military spending. Arms manufacturers are working around-the clock, and new factories are going up to meet demand.

₹65998, instead of ₹79900, providing a huge discount of 17 percent. So far, this is one of the best offers on iPhone 14. Moreover, you can further sweeten the deal by availing a bank offer and exchanging your old smartphone.

By Melanie Burton

Investing.com-- Gold prices moved little in Asian trade on Thursday, remaining below key support levels as the prospect of higher for longer U.S. interest rates continued to diminish the yellow metal’s appeal. 

Investing.com-- Oil prices fell in Asian trade on Thursday, extending losses after a substantially bigger-than-expected build in U.S. inventories pointed to well-supplied markets, while Japanese recession signals drove up concerns over slowing demand. 

MILAN (Reuters) — Stellantis (NYSE:STLA) said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's operations in North America, its profit powerhouse.

Maharashtra government has decided to sell sand online on a «no profit no loss» basis, a move that will enable people to buy the key construction material at a cheaper rate and curb illegal sand mining, revenue minister Radhakrishna Vikhe Patil said. During the state cabinet meeting on Wednesday, Vikhe Patil proposed changes in the sand mining policy in the state. Accordingly, it was decided to sell sand online on a «no profit no loss» basis, Vikhe Patil said after the cabinet meeting. The change in the policy will also help curb illegal mining of sand, its transportation and storage, he said.

Quant Small Cap Fund's growth is worth nearly Rs 19 lakh today. Quant Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of 49% according to data sourced from Ace Equities, earning Rs 13 lakh on the total investment of Rs 6 lakh made between February 10, 2019 and February 10, 2024. Meanwhile, the CAGR returns stand at 59%. The scheme which was launched on October 29, 1996 is benchmarked against Nifty Smallcap 250 — TRI and has given returns at an XIRR of 35% while at a CAGR of 40% during this period.

Rahul Shah, V-P, Equity Advisory, MOFSL, says telling clients not to book profits but stay invested. “PSU is the theme which we have also been since the last couple of months we have also been participating and we have been also advising clients. So, stay invested. It looks like the earning season also has played out well. I think it is just in our range right now. But there could be some more upside from here.” What are you telling your clients? Time to book profits, time to stay invested, what is the house advice? Rahul Shah: We are not asking clients to book profit but to stay invested. We have seen different themes coming up on the markets and there just has been sector rotation from one sector to another. So, stay invested. PSU is the theme which we have also been since the last couple of months we have also been participating and we have been also advising clients. So, stay invested. It looks like the earning season also has played out well. I think it is just in our range right now. But there could be some more upside from here.

Haldwani Civil Court has issued orders to confiscate the property of nine miscreants, including Abdul Malik and his son, the alleged mastermind of the violence that broke out in Banbhoolpura town of Haldwani area following the demolition of an allegedly «illegal structure» as part of an anti-encroachment drive on February 8. The court has permitted the police to take action against all the accused under sections 82, and 83 of CrPC. Earlier on Tuesday, the civil court issued non-bailable warrants against all nine accused.

IPO) of Atmatsco opened for subscription on Thursday, February 15 and will close on February 20, Tuesday. The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.

The past two days have brought bullishness in many counters and here are two stocks that can give good returns in the near term.

BSNL’s employees union wants to utilise the network of Vodafone Idea (Vi) for offering 4G services and has requested the government to take immediate action on the matter. The state-run firm’s 4G network is to be deployed by TCS in a phased manner and a few thousand sites are already up and running in a few circles. But since the network is not present pan-India, the telco has been losing customers. P Abhimanyu, General Secretary, BSNL employee’s union, said government of India is Vi’s largest shareholder with a 33.1% stake and it should utilise its status as the largest shareholder to ensure that BSNL is allowed to immediately provide 4G service to its customers by utilising the 4G network of Vi. “This will only by a temporary measure, till BSNL’s 4G network is commissioned by the TCS,” Abhimanyu said in a letter to Communications Minister Ashwini Vaishnaw.

Haryana remain closed for traffic while security personnel in anti-riot gears were deployed at strategic locations in the national capital as farmers' 'Delhi Chalo' agitation entered the third day on Thursday. While the two borders — Tikri and Singhu — with Haryana remain closed, movement was allowed through the Ghazipur border with Uttar Pradesh under the watch of security personnel. According to senior police officer, the Delhi Police is on extra vigil though the protesting farmers have been stopped by the Haryana Police at the Shambhu border between Punjab and Haryana near Ambala. In the central part of Delhi as well, the police have put up barricades on several roads leading to Parliament and other sensitive locations.

Calgary Board of Education (CBE) on February 11, advising that her daughter’s school had been hit by the privacy breach.“Pictures were stolen — of children,” Gobeil said incredulously.“It’s a very, very scary situation for me.”The CBE’s email explained that Edge Imaging, a Canadian company that helps schools create yearbooks, informed it on Feb. 9 that its cloud storage service provider had experienced a cyber-security breach, leading to unauthorized access to student images.The CBE said it had been assured that no identifying information had been accessed, and Edge was taking the appropriate steps to find out what happened and how.Gobeil reached out to Edge and said she was told the same thing.“The initial email was, ‘We (Edge) take this very seriously.

₹1,000, ₹10,000, ₹1 lakh, ₹10 lakh, and ₹1 crore. In July last year, the ADR data had revealed that more than half of all donations made to political parties between 2016-17 and 2021-22 were through electoral bonds and the BJP received more funds than all other national parties put together.

The Economist while examining the Netherlands’ loss of export competitiveness and rise in unemployment subsequent to the discovery of oil and gas in the North Sea in 1959. The export of hydrocarbons brought in so much of foreign exchange that the Dutch guilder (this was before the EU was formed and most EU members adopted the euro as their currency) became overvalued, rendering non-gas Dutch exports less competitive.