UPS Financial News

Subscribe to enjoy similar stories. On India’s Independence Day of 1971, US president Richard Nixon announced to the world that America was unhitching from the gold standard. This unilateral action spelt the end of the 1944-instituted Bretton Woods system, which had been set up in the wake of World War II to stabilize international finance and encourage global trade.

Vladimir Putin of Russia took the stage in Sochi, Russia, last fall, two days after Donald Trump won the U.S. presidential election, and spoke of the dawn of a new world order. «In a sense,» Putin said, «the moment of truth is coming.» It may have already arrived.

Natco Pharma Ltd.(up 2.52 per cent), Glenmark Pharmaceuticals Ltd.(up 1.95 per cent), Laurus Labs Ltd.(up 1.73 per cent), Granules India Ltd.(up 1.56 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.22 per cent) were among the top gainers.

«So, there is uncertainty. I definitely agree. And as you said that there is de-globalisation, there is a tariff threat which is there,» says Milind Karmarkar, Dalal & Broacha. Last time when we met, there were excesses. There were excesses in the small and the midcaps. There were excesses on the upside, but are there excesses on the downside now? Milind Karmarkar: So, it is like this. Yes, the market has corrected and normally, whenever the market corrects, it corrects very viciously and that is what has happened. How long it will continue, I really do not know. But do I see upside from here? Yes, I do see an upside. And this is not the end of the bull market, as you say. There is a lot more still going to happen. And as I think Templeton has said, I do not remember, that whenever there is blood on the street and even if it is your own blood, that is the time to buy, so that I think will answer the question.

Schiff sat at her kitchen table, trying to explain how she went from being one of the world's most celebrated art advisers to a high-society pariah and a felon.

equity mutual funds have turned Rs 10,000 monthly SIP up to Rs 8 crore in the last 25 years. Only these 34 schemes have completed 25 years of existence in the market.

Manappuram Finance shares will be in focus on Monday as talks between the company and American private equity major Bain Capital reach the final stage. Bain is expected to acquire a significant portion of the promoter stake in India’s second-largest gold loan provider, sources said. The promoter group, led by Managing Director and CEO Nandakumar VP, currently owns 35.25% of Manappuram, which has a market capitalization of Rs 17,000 crore, based on its closing share price of Rs 200.85 on the BSE on Friday.

Subscribe to enjoy similar stories. It started slowly. We dial our own phone numbers instead of an operator.

Subscribe to enjoy similar stories. India’s market for passenger vehicles has slowed to a crawl. As reported, a forecast made by Indian carmakers at an internal meeting of the Society of Indian Automobile Manufacturers (SIAM) last week points to stagnant sales in 2024-25 at a level of just above 4.2 million units, with barely 1-2% growth expected in 2025-26.

fund managers have had to dig deeper to ensure their hunt for discounts did not lead them to value traps. The growth-led fund managers have had to maintain resolve and stay true to convictions amid a testing climate. Both sets of fund managers have leaned on years of experience to guide their funds through the rapidly evolving, dynamic market environment.

borrowing bad? Doesn’t debt oil the financial machinery of the world? Why do personal finance columnists like me dissuade households from borrowing? These questions arose from feedback to last week’s column.

Sensex closed at an all-time high on 26 September.

Subscribe to enjoy similar stories. The benchmark Nifty index may open sharply lower at around 22,500 points on Monday, following a sharp fall in US equities on Friday. This comes at a time bulls are trimming their optimistic bets and bears readying to break a strong support that’s held up six times since last month.

Subscribe to enjoy similar stories. New Delhi: India's competition watchdog has cleared stricter penalty recovery rules to prevent erring parties from delaying payments by filing frivolous appeals, according to two people aware of the development. The Competition Commission of India (CCI) has approved an overhaul of its norms to allow issuing a demand notice to the erring enterprise to recover the penalty alongside the adjudication order holding them guilty, the people said on the condition of anonymity as details are not public yet.

Subscribe to enjoy similar stories. Residential real estate companies are amping up for the next leg of growth by strengthening their financial positions. To meet expansion needs, many listed grade A realtors are garnering funds.

Subscribe to enjoy similar stories. Mumbai: A new framework that allows the market regulator’s chief to bypass the consultation process before finalizing rules has drawn criticism, with the legal fraternity saying it could make the process less transparent. Currently, the Securities and Exchange Board of India (Sebi) uses committees with diverse stakeholders to discuss proposed regulations, publish consultation papers for public comment and upload agenda papers (excluding confidential information) after board decisions.

Subscribe to enjoy similar stories. New Delhi: On Saturday, Apple rolled out its latest beta software for its iPhones, opening up access to its generative artificial intelligence (AI) tools for developers. The company, known for its tightly controlled approach to technology, has taken an open approach with AI—giving developers free access to integrate its features into their own apps and services for iPhones, iPads and Macs.

Subscribe to enjoy similar stories. Dear reader, Last week, I wrote this was a phase when traders should focus on capital preservation and trade light. In my past articles, I have drawn your attention to extremely high volatility and a sharp fall in traded volumes.

Infosys, Tata Communications and Larsen & Toubro that have been seeking to establish private 5G networks on their own, through direct access to spectrum instead of relying on telecom companies.

Tata Digital, Air India and Tata Electronics — on Monday.