UPS Financial News

The federal government is delaying plans to raise the inclusion rate on capital gains, offering a degree of clarity on the legislation stuck in limbo that was causing some confusion for the upcoming tax season.

Commerzbank on Friday unexpectedly released quarterly results, touting «record» annual profit and announcing a new share buyback scheme.

Subscribe to enjoy similar stories. New Delhi: In the Economic Survey 2025, China is mentioned 102 times, casting a long shadow over the global economic landscape. Often referred to as a “manufacturing colossus," China’s role has become a central theme, not only in India’s growth story but also in shaping the global economy.

Subscribe to enjoy similar stories. Biocon Biologics Ltd expects a significant rise in demand for its insulin products across geographies in the coming months and years, managing director and chief executive Shreehas Tambe said on Friday. “What we are certainly seeing is an increasing demand for our insulin products…not just in the US and Europe but also in emerging markets," Tambe told Mint in an interview.

Subscribe to enjoy similar stories. The Economic Survey 2024-25 cautioned that the transition of India's workforce into the artificial intelligence era has to be smooth to prevent damage and potential unemployment.

Subscribe to enjoy similar stories. More than three years into China’s housing crisis, there is still no sign of its ending. Now, as private and locally-owned developers keep faltering, the sector is becoming more state-dominated.

Taylor Swift is adding another role to her already eventful 2025 Grammy Awards night—presenter. The Eras Tour superstar, who is up for six nominations this year, has officially been confirmed as a presenter at the biggest night in music.

stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, Gulshan Polyols(19.98%), Teesta Agro Industries Ltd.(19.97%), Sindhu Trade(16.08%) and SaskenTech(15.85%).

D K Srivastava, Member, Advisory Council to the 16th Finance Commission, said on Friday. Srivastava, who is the Chief Policy Advisor in EY, also said policymakers will face tough challenges to achieve the goal of Viksit Bharat by 2047 as it would require 8 per cent annual growth for up to 2 decades.

Sonia Gandhi's remarks, the Rashtrapati Bhavan, without mentioning her name called it «unacceptable» and said it «clearly hurt the dignity of the high office.»

At Artemis, seven of the 22 funds were awarded 5-star Crown ratings, up from five at the last rebalancing six months ago, and at Invesco 14 of the 48 funds achieved 5-Crown ratings, up from ten in July 2024.  Both firms were recognised for the «impressive» rebound in their fund performance compared to three years ago.  M&G and Lazard funds lose FEfundinfo 5-Crown Rating While Invesco topped the list for having the most 5-star Crown-rated funds in absolute terms, Man Group has the highest proportion of 5 star Crown-rated funds, with five of the 12 funds receiving the top rating.  ...

Shares of Punjab National Bank(up 4.85 per cent), IndusInd Bank Ltd.(up 3.57 per cent), IDFC First Bank Ltd.(up 3.36 per cent), Canara Bank(up 2.6 per cent) and State Bank of India(up 1.36 per cent) ended the day as top gainers in the pack.

Online meat and seafood firm Captain Fresh has raised Rs 250 crore in a pre-IPO funding round as it gears up for a stock market listing later this year. The round was led by existing investors Prosus Ventures, Accel, and Tiger Global Management.

The NSE Nifty index closed 258.91 points up at 23508.4, while BSE Sensex ended up 740.76 points at 77500.57.

Shares of LTIMindtree Ltd.(up 1.27 per cent), Infosys Ltd.(up 1.07 per cent), Wipro Ltd.(up 0.94 per cent), HCL Technologies Ltd.(up 0.73 per cent) and L&T Technology Services Ltd.(up 0.72 per cent) ended the day as top gainers in the pack.

Domestic benchmark index NSE Nifty ended 258.91 points up at 23508.4, while the BSE Sensex closed 740.76 points up at 77500.57.

infrastructure investment over the next two decades to sustain a high rate of growth, the Economic Survey 2024-25 said, suggesting a need for accelerating private sector participation in infrastructure creation in the country.

Madhu Kela, Market Veteran, says turn market volatility into your ally. This year, returns are expected to be quite modest. To achieve those returns, you need to be highly skilled at spotting strong bottom-up investment ideas. Volatility can provide you with an advantage and opportunities, as stocks often don’t have time to recover. Many solid companies can see their prices drop by 40% or 50% in just a few trading sessions or within a month. Kela says in a bull market, one can make money even if you are not on the ball, which was the case for the last three years. In this kind of market, one has to be really on top of the game to be able to make money. This Budget, he will be looking at the commentary on the fiscal path beyond 2026 and the capex situation. What is the state of the market and what sort of return can be expected? Madhu Kela: In the last three-four years, phenomenal returns have been generated by individual investors and markets have been very kind. One thing which I have been consistently maintaining is not to extrapolate these returns even in your mind because you cannot just keep compounding at 30-35% year after year.