UPS Financial News

Owning real estate in India can be a complicated affair for non-resident Indians (NRIs) due to several financial and logistical hurdles. One of the significant challenges is the tax implications for rental income. Tenants paying rent to an NRI landlord are required to deduct 30% tax at source (TDS) along with an additional 4% cess.

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According to data the Office for National Statistics, the 0.2% rise in retail sales in November is below the annual sales volumes leading up to that month, which stood at 0.5%. The largest decline in sales came from textile clothing and footwear stores, which experienced a 2.6% drop in volumes in November after a 3.5% decrease in October of this year. «This left clothing stores sales volumes at their lowest level since January 2022, with retailers reporting that economic factors were affecting sales,» the ONS stated. UK retail sales slump to 0.6% as shoppers protect their coffers f...

Haldiram Snack, a leading player in the packaged food industry, will invest Rs 300 crore in Bihar to set up a manufacturing unit, said a company official here on Friday. The company, which manufactures sweets, namkeen, bhujia, snacks and other food items, has signed an MoU (memorandum of understanding) with the Bihar government to make an investment of Rs 300 crore, said its Vice President Sanjay Singhania. «We are setting up a manufacturing plant for sweets, namkeens and snacks in Bihar. We will be investing Rs 300 crore,» Haldiram Snacks Pvt Ltd Vice President Sanjay Singhania told PTI on the sidelines of Bihar Business Connect 2024. The Agarwal family-promoted company has acquired a 12-acre land at Sikanderpur in Bihta to set up this plant.

Restaurant Brands Asia Ltd, formerly known as Burger King India, on Friday said its board has approved raising of up to Rs 500 crore through the qualified institutional placement of securities. The Board of Directors, in its meeting held on Friday, December 20, 2024, has approved the raising of funds through the issuance of instruments or security, including equity shares or any other eligible securities by way of a qualified institutional placement for an amount not exceeding Rs 500 crore, Restaurant Brands Asia said in a regulatory filing.

«We now have more smallcap folios than largecap. The aum for smallcap and largecap indices is almost alike and they are buying the same illiquid stock which is creating this very large dislocation. How does this unwind?,» says Jigar Mistry, Co-Founder, Buoyant Capital. Help us with your take and your outlook for the Indian markets for 2025 because 2024 has been a very interesting one, but 2025 a lot of these key drivers could be there, there could be rate cuts, the new us president-elect will be there. So, what is your outlook and expectation from the Indian markets? Jigar Mistry: We need to take a step back from the overall equity experience that we seem to be having. If you look at your over a 5 or 10-year rolling returns, the EPS growth and the share price growth at the index level largecap or smallcap or at the stocks with long enough history it has always aligned. The current observation, however, suggests that especially in the smallcap space you are seeing a huge dislocation which is something that has not really happened before.

MphasiS Ltd. traded at Rs 2984.65 on BSE at 02:06PM (IST) on Friday, 4.27 per cent from previous close. The stock quoted a 52-week low price of Rs 2180.05 and a high of Rs 3239.55.

Subscribe to enjoy similar stories. Loneliness and social isolation are often discussed as afflictions of the aging process. Adult children move away, spouses and friends begin to die, and suddenly older people can find themselves spending an inordinate amount of time alone.

Subscribe to enjoy similar stories. The stock of power transmission and distribution company GE Vernova T&D India Ltd is on fire. Soaring to a new 52-week high of ₹2,180 on Friday, the calendar year-to-date returns are now at a massive 330%.

Gold demand in India remained subdued this week as volatile prices prompted potential buyers to delay purchases, while higher rates across China are expected to potentially offset upcoming seasonal demand. After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said a Chennai-based jeweller. In India, domestic prices fell to Rs 75,459 ($887.28) per 10 grams earlier this week after rising to Rs 79,120 last week.

dead body of a 45-year-old unidentified man was delivered to a family here in West Godavari district in a box with a demand for over Rs one crore, police said. The box was delivered at the under construction house of the family. District superintendent of police Adnan Nayeem Asmi said the box was delivered on Thursday night to the family of four with a letter demanding them to pay up Rs 1.3 crore. «Last night the body reached this place (under construction house),» Asmi told PTI, adding police was probing the case to unearth further details.

Standard Glass Lining Technology, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments. As per the company’s public announcement on December 17, 2024, it issued 28,57,142 equity shares to Amansa Investments at a price of Rs 140 per share (including a premium of Rs 130), in consultation with the lead bankers.

Subscribe to enjoy similar stories. The International Film Festival of Kerala (IFFK), held annually in Thiruvananthapuram, concluded this week. Though the full programme only arrived days before the festival’s start, it was a stellar lineup of films from the state, the rest of India and around the world.

Silver ETF—have offered average returns of around 20% and 19.66%, respectively, in 2024. There were about 31 funds across both categories. HDFC Gold ETF, the top performer among gold ETFs, has delivered a return of around 20.30% in 2024. Invesco India Gold ETF provided a return of 20.29% during the same period. SBI Gold ETF delivered a return of 19.94% in the same timeframe. Axis Gold ETF provided the lowest return of around 19.66% in 2024.

Sales of previously occupied U.S. homes rose in November to their fastest pace since March as home shoppers were encouraged by a wider selection of properties on the market, despite rising mortgage rates

American farmers, small business owners and wildfire survivors are among those who will suffer if Congress cannot agree on a new spending bill after President-elect Donald Trump abruptly rejected a bipartisan plan that included more than $100 billion i...

Creamy, delectable – and pricey

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans

European Union leaders insist no decisions can be taken about the future of Ukraine without its consent or behind their backs

MrBeast’s ambitious reality show, which the YouTube megastar hopes will expand his massive online reach and turn the corner on recent controversies, is already raising questions from consumer advocates over a partnership with a fintech company