UPS Financial News

Billionaire investor Ken Griffin's flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns.

₹10.4 trillion, while personal income tax is projected to grow 13% to ₹11.6 trillion. Centre’s GST collection is expected to grow at 11.6% to ₹10.7 trillion in FY25. However, customs duty receipts are expected to grow at a much slower 5.7%, and excise duty receipts at just 4.9%.

The number of taxpayers with an annual income of Rs 1 crore and above rose 15% on year to 216,217 as on December 31, 2023, minister of state for finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.

If you’re one of the millions of Canadians who worked from home during 2023, either full time or on a hybrid-work arrangement, you’ll need to take some extra time this tax filing season if you want to claim a deduction for your home-office expenses. That’s because the “simplified method” of claiming home-office expenses is no longer available for the 2023 tax year.

If you're looking for the optimal place to work in investment banking now, PJT Partners would like to put itself forward.

Stocks held near record levels on Wall Street as evidence kept piling up to show the job market remains remarkably solid

Haldwani | New Delhi | Lucknow: Six people were killed in the violence that broke out over the demolition of an «illegally built» madrasa, officials said on Friday as curfew remained enforced in Uttarakhand's Haldwani town. Seven people, including a journalist, were under treatment at three different hospitals. Three of them were said to be in a serious condition. Others had been discharged. A day after violence in Banbhoolpura locality of Haldwani town, the administration started examining the video footage captured by CCTVs to identify the miscreants who attacked the administration team, including cops. On Thursday, a district administration team went to Banbhoolpura locality to remove encroachments from government lands. The team demolished illegal structures, including a madrasa. Miscreants attacked the policemen and government officials, besides destroying several vehicles parked outside the police station, the officials said, adding they not only pelted stones and lobbed patrol bombs, but also attacked the police station in the area. Several vehicles, parked outside the police station, were set on fire.

₹1,073 crore in the third quarter, mirroring the lift in profits and volumes seen by listed peers Bajaj Auto & TVS Motor Company. The company also reported a 21% increase in revenue from operations to ₹9,723.73 crore in Q3FY24, versus ₹8,030.98 crore in Q3FY23. The company said it retailed 1.4 million units during the 32-day festive period during the quarter, its highest for any festive period so far.

ALSO READ: Congress' 'black paper' vs govt's ‘white paper’: A look at last ten years from different perspectives "Bulletproof jackets were not available for our soldiers...Night vision goggles were not available, so in the night they couldn't do a thing and were exposing themselves like sitting ducks in pitch darkness...," she said in the Lok Sabha on Friday. Speaking about "corruption in defence" in the UPA era, Sitharaman said, "There was ₹3,600 crore of AgustaWestland VVIP Chopper Scam in 2013.

By Manya Saini and Niket Nishant

Disney (DIS) has struck a deal to stream an exclusive version of Taylor Swift's Eras Tour concert film on Disney+, the entertainment giant said Wednesday, as part of a string of moves by Chief Executive Officer Bob Iger to widen the company's appeal.

In a market dominated by the 'Magnificent 7' group of mega-cap tech stocks, investors often overlook other market leaders poised for significant growth.

Raymond James has taken a significant step forward in supporting advisors’ ability to deliver comprehensive planning with the addition of a new service. Through its new paraplanning services offering, the firm is providing on-demand, in-house support from experienced paraplanning professionals, enabling them to further integrate financial planning into their practice.

shrinking population, China’s approach to surrogacy is rather counterproductive—to say nothing of its effect on families. With couples waiting longer to have children, demand for surrogacy in China seems to be growing. By one estimate, over 10,000 babies are born via the process every year in the country.

Vikram lander's soft landing near the lunar south pole last year, India became a league of its own. And, yet, it ranks 40th on the Global Innovation Index. Isro-like successes remain isolated. R&D expenditures in India have stagnated at about 0.6% of GDP. While there is a need to increase public sector spending on R&D, it is often argued that private sector should step up its investments. Paradoxically, while MNCs are increasingly leveraging India as their innovation hub, the broader innovation ecosystem's output leaves much to be desired, and local enterprises lament limited availability of well-trained R&D professionals. There is limited clarity on the modalities of the Anusandhan National Research Foundation that came into effect on Monday, and the ₹1 lakh crore corpus for research and innovation announced in the interim budget. While these are welcome experiments in innovation financing, publicly supported industry consortia remain largely underutilised.

Barclays Plc is planning to hand dozens of the lowest performers within its investment bank no bonus at all, a move that threatens to complicate executives’ efforts to rebuild the advisory unit. 

Brookfield Asset Management Ltd. reported earnings that beat estimates and raised its quarterly dividend, as its results were boosted by strong fundraising and capital deployment.

The destruction of the Aral Sea in Central Asia has been labeled by the U.N. as the most staggering disaster of the 20th century

Pramod Amthe, Head of Institutional Equity Research, InCred Capital, says “in recent times, private banks have been raising deposit rates to mobilise deposits which can be a pressure on NIM in the short term. So, the earlier sign to look at is some stability in deposit rates or the easing of deposit rates, so the cost of funds can be relatively favourable for the private banks. Till then, the PSU flavour may remain for some time to come.” I want to start by talking about the pharma pack as a whole, that is the defensive side. Everyone is looking at that as well. A lot of moves came in from Sun Pharma's side. On the smaller side, we have Orchid Pharma, which is seeing a move as well. How are you viewing pharma as a pack and is there anything specific that you are finding attractive? Pramod Amthe: If you look at the recent trends, the pricing erosion in the US seems to be stabilising. Shortages are happening and hence pricing comfort is coming back. The better way to play there is Sun Pharma and Aurobindo which we like. The other trend is domestic outlook for the growth for pharma seems better for the second half (H2) as compared to the first half (H1). The proxy there which we are trying to play is Torrent and Ajanta.

Bitcoin advanced past $46,000 to a one-month high, supported by signs of steady inflows into a batch of US funds for the token as well as growing attention on the so-called halving due in April.

telecom industry recorded 1.46% sequential growth in adjusted gross revenue (AGR) to Rs 55,583 in the fiscal second quarter FY24, latest operator performance data released by the Telecom Regulatory Authority of India (Trai) on Friday showed. Higher quarterly AGR translated into higher licence fee and spectrum usage charge (SUC) collections for the Department of Telecommunications (DoT). The licence fee mop-up climbed 1.53% sequentially to Rs 5,326 crore while SUC collections rose 2.20% on-quarter to Rs 834 crore, data collated by the regulator showed. All three operators Bharti Airtel, Reliance Jio and Vodafone Idea (Vi), recorded similar growth in their respective AGR numbers.