UPS Financial News

Bank stocks are in the spotlight on Wednesday, December 4, after the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024 on Tuesday during Parliament's winter session, introducing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament.

Subscribe to enjoy similar stories. Natco Pharma Ltd isn’t your run-of-the-mill pharmaceutical company. It’s a story of calculated risks, high-stakes bets, and a fair bit of drama.

iQoo 13. This advanced smartphone from the Chinese manufacturer incorporates Qualcomm’s top-tier processor, the Snapdragon 8 Elite chipset, alongside iQoo’s exclusive supercomputing Q2 chip. It also debuts the world’s first Q10 2K 144Hz Ultra Eyecare Display, complemented by the dynamic Monster Halo feature. Here’s a detailed overview: The iQoo 13 is priced at Rs 54,999 for the 12GB+256GB configuration and Rs 59,999 (Rs 56,999 effective price) for the 16GB+512GB variant. Buyers using SBI or HDFC bank cards can avail of an instant discount of Rs 3,000, reducing the prices to Rs 51,999 and Rs 56,999, respectively. This smartphone will be offered in two sophisticated colors: Legend and Nardo Grey. Pre-orders open on December 5, 2024, at 12 PM, with sales starting on December 11, 2024, at 12 PM. It will be available via Vivo exclusive outlets, iQoo’s online store, Amazon, and other key retail locations.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the assets the Adani group owns, whether it's in power generation, distribution, or even things like roads, airports, data centers, and ports, all have huge growth potential ahead. They've built up a solid capacity and are reinvesting a good chunk of cash flow back into the business, which is a smart move. They might tweak their growth strategies a bit, but using their free cash flow to fuel future expansion in these areas would be a great idea. The recent drop in stock prices is a solid buying opportunity for investors. Adani stocks fell and they have recovered. Can we ignore the news and just move on? Deven Choksey: From day one, I have been making a viewpoint that fundamentals do not change because of whatever the allegations have come up from the Department of Justice in the US court. In my viewpoint, the fundamentals remain strong. With Rs 85,000 crore EBITDA and growing at the rate of 20% per annum on a 2,40,000 crore debt, the balance sheet of the group itself is very solid with the cash flow generation that they have.

Bangladesh organised a rally at the White house demanding release of Chinmaya Das and protection for Hindus of Bangladesh. «Bangladesh's interim government has an absolute obligation to protect its Hindu minority and meaningfully address the protests of thousands of minority Hindus in outcry over the recent wave of attacks and harassment,» Congressman Brad Sherman said in a statement. «With the calls for an investigation from the Bangladesh Hindu Buddhist Christian Unity Council and the United Nations High Commissioner for Human Rights Volker Turk for killings and other rights violations during the violent unrest leading up to and after the fall of Bangladesh's former Prime Minister Sheikh Hasina, the current administration must demonstrate leadership in eliminating acts of violence against the Hindu community,» Sherman said.

Subscribe to enjoy similar stories. Air pollution and deteriorating air quality have become hot topics in recent times, grabbing headlines for their impact on human health. Our feline companions are equally at risk, though their suffering is often unnoticed until the condition becomes severe.

Subscribe to enjoy similar stories. When Mahindra showcased two of its upcoming electric sport utility vehicles (SUVs) last week, it wouldn’t have expected a challenge from a high-altitude carrier of passengers.

Subscribe to enjoy similar stories. Poor roads. Traffic jams.

Subscribe to enjoy similar stories. The Centre is likely to fall short of fully utilizing the budgeted allocation for states under the ‘Special Assistance for Capital Investment’ scheme in 2024-25, as state spending took a hit during the general elections and a slowdown in economic growth, particularly in the first two quarters, two people aware of the matter told Mint.

Subscribe to enjoy similar stories. New Delhi: The Centre’s failure in appointing proposed self-regulatory bodies (SRBs) for the online gaming sector has left the industry in limbo, with small firms struggling to get investors and large ones innovating without any legal guardrails to try and rope in more paying consumers.

Subscribe to enjoy similar stories. The hotel industry is an essential barometer for economic trends, reflecting consumer behaviour, disposable income, and overall market conditions. Its performance mirrors economic growth, with demand and supply tied to economic cycles.

Over the next two nights, Canadians will have two stabs at becoming multi-millionaires as both Lotto Max and Lotto 6/49 have massive jackpots up for grabs.

HEG and Graphite India, surged in Tuesday's trading after China introduced a stricter review process for end-use of graphite exports to the US. Analysts said sentiment in these shares perked up on expectations restrictions by China could drive up demand for Indian graphite makers. HEG's shares soared 14.2% while Graphite India gained 9.1%. Key indices rose 0.7% each, while the BSE 500 index gained 0.8%.

Bharti Airtel and Tata Communications amid a data centre boom. Opportunities are also opening up for neutral players such as Sify Technologies and Lightstorm — that offer cheaper landing infrastructure in India compared with telecom incumbents such as Airtel and Tata Communications, say industry insiders. Google is set to commission its Blue-Raman Submarine Cable System in Mumbai in the first quarter of 2025, people aware of the development told ET. The $400-million, 218-Tbps (terabits per second) capacity project entails investment by Italy's Sparkle too, among others. With Blue and Raman, Google now has 18 investments in subsea cables globally.

Subscribe to enjoy similar stories. New Delhi: Auction of assets like land, buildings, plant and machinery belonging to businesses getting liquidated is likely to see a wider public participation, with the Insolvency and Bankruptcy Board of India (IBBI) planning to make these transactions more mainstream.

Elon Musk will obviously be at the top of the list, owing to his multiple ventures, including X, SpaceX, Tesla, xAI and more. Now, he has received permission to open doors of his own kind of a pre-kindergarten Montessori school in Texas, whose initial permit has now been processed.

Negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) continued as the strike inches closer to the holiday season.

asteroid is on a collision course with Earth. It is expected to enter the atmosphere over northern Siberia tonight. Space experts confirm the event will cause no harm.

Justin Trudeau has recently opened up about her personal growth following their separation in the year 2023 after 18 years of marriage, reported The Telegraph. In a recent interview with The Telegraph, she discussed how mental health techniques have helped her navigate the emotional challenges of their split. She also emphasized on the importance of learning to ‘cut ties’ and not cling to relationships at all while stating ‘I’ve trained my brain to deal with uncertainty’. Also Read: Asteroid on collision course with Earth: Here’s asteroid size, impact timing, effect and where to watch

President Joe Biden on Tuesday toured a slavery museum in Angola and inspected shackles and a whip, and he spoke of “our nation’s original sin."

Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead as it reported profits that were up from a year ago but below analyst expectations.