UPS Financial News
25.01 / 14:09
25.01 / 14:09
markets
COST
UPS
reports
JSW Steel to raise ₹2,000 cr to repay loans; Q3 profit up nearly 400%
NEW DELHI : JSW Steel Ltd reported a fivefold jump in profit for the December quarter, surging ahead of analysts’ expectations, while its board approved raising ₹2,000 crore to repay loans and for capital expenses. The Sajjan Jindal-led company’s net profit for the third quarter increased to ₹2,415 crore from ₹490 crore in the same year-earlier period. Consolidated revenue from operations rose 7.17% year-on-year to ₹41,490 crore, as the government’s thrust on infrastructure spending boosted domestic demand for the alloy.
25.01 / 14:05
UPS
FIVE
Research
love
rights
Relationships
Your clients may be honest about finances, but what about their partners?
Clients being completely open about their finances is the only way to build a truly holistic picture of how to help them achieve their financial goals, but what if someone’s keeping secrets from them?
25.01 / 14:05
UPS
Ball
CEO
reports
gatherings
prevention
Bad tech is bad for advisors’ business
With everyday tasks so reliant on technology, advisors were recently asked about how their firms handle technology.
25.01 / 14:05
markets
UPS
Compilation
Apple
NVIDIA
Trade
show
Is the S&P 500 rally facing a risky tech bubble?
Just twenty-four days into 2024, and the S&P 500 has already blown past the Wall Street consensus over where the index will finish the year.
25.01 / 14:05
25.01 / 14:05
25.01 / 14:04
markets
COST
UPS
Action
Compilation
AXA
Credit default swaps are back in favor for asset managers
Nomura Asset Management’s Richard Hodges began the year by buying credit default swaps, worried that rate cut bets were becoming too aggressive. He reduced the hedge when the cost of protection increased, and now stands ready to dip in again.
25.01 / 13:17
25.01 / 11:53
markets
UPS
Provident
Manufacturing
economy
inclusion
Destinations
Why HSBC sees $100B foreign inflows for Indian bonds
Indian bonds are likely to attract about $100 billion of foreign inflows in the coming years, lured by the global bond index inclusion, according to HSBC Asset Management.
25.01 / 11:53
25.01 / 11:53
COST
UPS
security
Research
Bill
social
Could limiting tax breaks for 401(k)s rescue Social Security?
It’s indisputable that something needs to be done to fix the Social Security system’s underfunding problem, and a pair of ideologically opposed academics suggest eliminating the tax preferences for 401(k)s and individual retirement accounts as solution.
25.01 / 11:53
UPS
FIVE
Strategy
awards
cover
information
Everything you need to know about backdoor Roth IRAs
If you earn too much to contribute directly to a Roth IRA, then backdoor Roth IRAs may be a good bet for you.
25.01 / 11:27
markets
UPS
PTC
Updates
International
Stock market update: Power stocks up as market falls
Want to take exposure to a sector which grows much faster than GDP
25.01 / 11:05
markets
UPS
Target
CEO
Strategy
country
Sygnum defies Crypto Winter and grows valuation on $40 million fund raise
An inital $35 million target was exceeded with Azimut Holding, a global asset management group and existing client, as the lead investor.The round pushes Sygnum's valuation up to $900 million, a $100 million uplift from its $90 million Series B in october 2022.Since then, Sygnum's assets under administration have grown to over $4 billion, with a client base of over 1,700 from more than 60 countries. Alongside the increase in valuation, the group continued to grow its global team through the 'crypto winter', now nearing 250 employees.
25.01 / 11:05
UPS
Digital
Platform
security
Crypto regulations
Trade
Bixin Applies for Crypto Exchange License With Hong Kong SFC
Virtual asset trading platform Bixin has applied for a virtual asset trading platform license with Hong Kong Securities Futures Commission. So far, 13 crypto firms have applied for the similar license with the Hong Kong regulator.
25.01 / 11:03
UPS
Booking
security
reports
rights
International
DLF enters into an agreement to acquire 29-acre land in Gurgaon for Rs 825 crore
real estate developer DLF has acquired 29-acre land in Golf Course Extension Gurgaon for Rs 825 crore with a development potential of 7.5 million sq ft. The developer, who has huge land bank in the region, has done the acquisition after many years. According to the regulatory filing by the company, it has entered into an agreement with Standard Chartered Bank, Singapore Branch, DB International (Asia) Limited, Singapore and Deutsche Investments India Private Limited for purchase of privately placed, listed, secured, non-convertible, redeemable bonds of face value of Rs 600 crore on which the bond issuer has defaulted in repayment of the said bonds including accrued interest thereon.
25.01 / 11:03
markets
UPS
Southern
AGRO
Updates
International
Stock market update: Fertilisers stocks up as market falls
Want to take exposure to a sector which grows much faster than GDP
25.01 / 11:03
markets
UPS
Entertainment
Enterprise
rights
Disney’s India unit valuation halves in Ambani merger talks
Walt Disney Co.’s India unit is being valued at less than half of what it hoped for in a proposed merger with Indian billionaire Mukesh Ambani’s media business, reflecting the struggle global media giants face in one of the world’s fastest-growing entertainment markets. After weeks of negotiations following a non-binding pact with Ambani’s Reliance Industries Ltd. to merge their entertainment business, Disney’s India assets are valued at around $4.5 billion, less than the $10 billion the US entertainment giant has previously pursued, according to people familiar with matter, who asked not to be identified as the discussions are private.
25.01 / 11:03
25.01 / 09:47
UPS
Google
wellness
reports
International
Profiles
Fake loan apps: What should investors do to protect themselves from these frivolous lending apps?
There is no denying the fact that raising small loans on a lending app is a cakewalk. However, some of these apps are not credible and can abuse your financial data and privacy to dupe you. So, it is imperative to be confident of the app’s credibility before jumping the gun.
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