UPS Financial News

Jennifer Lopez, who has spent over two decades in Hollywood, recently shared insights into her journey as a Latina actress navigating stereotypes and imposter syndrome. Speaking on Variety's Awards Circuit podcast, Lopez highlighted how self-belief and persistence helped her overcome the barriers she faced in an industry still evolving in its portrayal of diversity.

Muthoot FinCorp ONE just on the basis of the daily transactions they do using QR-code. Muthoot FinCorp ONE, a strategic business unit and the digital platform of Muthoot FinCorp Ltd (MFL) will offer loans with daily repayment options to Micro, Small and Medium Enterprises (MSME) that use QR-code based apps for daily collections, the NBFC said in a statement. This is in line with a 'New Credit Assessment Model' for small businesses, which Finance Minister Nirmala Sitharaman had announced in her Budget presentation on July 23. Under the model, banks were required to assess small businesses based on their 'digital footprints' and not on their balance sheets. According to a report by IFC (International Finance Corporation), India's nearly 6 crore MSMEs contribute 31 per cent to the GDP, employ nearly 13 crore people, and make up 45 per cent of exports. Yet, despite being the backbone of the economy, they remain extremely credit-starved. The current addressable credit gap for MSME in India runs into a few lakh crore rupees.

Biden is finally making his long-promised visit to Africa this week, attempting to showcase a US-backed railway project in three countries that he has pushed as a new approach in countering some of China's global influence. Biden's first visit to the continent as president — which he left to the very end — will highlight the Lobito Corridor railway redevelopment in Zambia, Congo and Angola. It aims to advance US presence in a region rich in the critical minerals used in batteries for electric vehicles, electronic devices and clean energy technologies. That's a key field for US-China competition and China has a stranglehold on Africa's critical minerals.

After the revision, the bank offers interest rates between 4% and 7.40% for the general public and 4% and 7.90% for senior citizens on callable deposits.

President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries

The Supreme Court will hear a vaping case on Monday, weighing federal regulators’ decisions blocking sweet vaping products after e-cigarette use spiked among kids

Russian President Vladimir Putin has approved budget plans, raising 2025 military spending to record levels as Moscow seeks to prevail in the war in Ukraine

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

Tech Mahindra Ltd.(up 1.33 per cent), MphasiS Ltd.(up 1.13 per cent), Persistent Systems Ltd.(up 0.79 per cent), Infosys Ltd.(up 0.6 per cent) and LTIMindtree Ltd.(up 0.57 per cent) were among the top gainers.

Sandip Sabharwal, asksandipsabharwal.com, says given three-four years of underperformance by Bajaj Finance, the growth in the balance sheet and their ability to reasonably control asset quality even at a time when the pressures are growing, combined with a potential monetary easing cycle, holds it at good stead. From here on, there is a very high probability that Bajaj Finance could be an outperformer. The pharma sector is growing at 6-8%. It is even lower than India's nominal GDP. There are specific companies which may do 15%. An odd outlier may do 20%. But the excitement in this space of late has been absolutely palpable. Why is that? Sandip Sabharwal: Sectors go through cycles. Pharma had a big up cycle and outperformance cycle many years back, then it fell out of the radar and then stocks became very cheap. So, when stocks become cheap and then there is an improvement in profitability cycle led by lower input costs and higher sales, then even a 8-10% growth in sales can lead to a 15-20% or more growth in profitability and that is something which we have seen for many companies and that has led to another round of re-rating.

Ambuja Cements Ltd. traded 0.27 per cent up at Rs 533.25 at around 11:28AM (IST) on Monday. The stock had closed at Rs 531.80 in the previous session. Equity benchmark Sensex traded 0.1 points at 79802.69 around the same time.

Subscribe to enjoy similar stories. India, the third largest electricity producer, is gradually shifting to renewable sources of energy to meet its rising power demand. The country's installed solar power capacity stands at 92.19 gigawatts (GW), a 35x growth since 2014, according to the data as of October 2024.

Subscribe to enjoy similar stories. Car dashboards have an array of indicators that illuminate to warn of trouble. If the boardrooms of Europe’s carmakers had similar systems they would be lit up like a Christmas market.

Vivo T3 Ultra in-depth review: A near perfect performance phone for budget buyersiQOO 13 will feature a 2K LTPO AMOLED display with 144Hz refresh rate. It will also come with IP68 and IP69 rating for dust and water resistance.

Inox Wind Ltd.(up 9.47%), Torrent Power Ltd.(up 6.00%), Ravindra Energy Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.97%), Neueon Towers Ltd.(up 4.82%), GE Power India Ltd.(up 3.72%), Jyoti Structures Ltd.(up 3.17%), GMR Power and Urban Infra Ltd.(up 1.60%), Adani Green Energy Ltd.(up 1.55%) and Indo Tech Transformers Ltd.(up 1.48%) were among the top gainers.

Stocks that rallied over 10% included, Nelco Ltd(14.79%), Kilpest India(13.90%), Darshan Orna(13.33%), Response Informatic(12.37%), Raghuvir Synthetics(11.54%), Ramco Systems(10.56%), Hikal Ltd(10.45%), Bombay Wire Rope(10.45%) and Mefcom Capital(10.01%).

Choksi Imaging(up 19.99%), IO System Ltd(up 19.96%), Pudumjee Paper Prod(up 18.15%), BN Rathi Sec(up 17.24%) and Nelco Ltd(up 16.08%) were among the stocks that surged over 15%.

Sandip Sabharwal, asksandipsabharwal.com, says net-net, 2025 should be a reasonably good year overall because today the consensus trade is long dollar, long US equities, and the overweights on that are so excessive that normally and the consensus view is so drastic on that side, normally the reverse plays out and we could actually see emerging markets and emerging market currencies do better in 2025. In auto, among two-wheelers, TVS has done better than expected, Hero MotoCorp has done less well. Maruti numbers seem to be pretty good and they are the ones who actually corrected the delay in inventories and the management said that we are back to normal last month. So, the positives seem to be from TVS and Maruti. What do you make of the GDP slowdown because people are trying to find reasons around it as to whether one should look at the nominal number or if it is just manufacturing or a backward-looking data and all of that. What is your key takeaway on consumption right now? Sandip Sabharwal: GDP data, whenever it is released, is obviously backward-looking because the reports of the companies have already come in. So, the second quarter results in general were disappointing and those by themselves reflected a growth slowdown. All of us knew that there was a growth slowdown. It was just RBI, which was maintaining a very high forecast of growth, which looked very improbable. So, that reporting has come in.

mutual fund investments fared in 2024. Most investors would already know that most equity schemes offered good returns. Here is something that will make these investors happier. ETMutualFunds looked at the performance of equity mutual funds and found they have offered up to 52% in 2024. ETMutualFunds analysed the performance of 471 equity mutual fund schemes and looked at the year to date returns. Mirae Asset NYSE FANG+ETF FoF, the topper in the list, offered 52.01% return in 2024. Motilal Oswal Midcap Fund gave 51.74% return in 2024, followed by Mirae Asset S&P 500 Top 50 ETF FoF which gave 50.29% return in the same period.

Axis Securities has a buy call on Mazagon Dock Shipbuilders with a target price of Rs 4,965. The current market price of Mazagon Dock Shipbuilders is Rs 4484.85 The time period given by the analyst is 3-4 weeks when Mazagon Dock Shipbuilders Ltd. price can reach defined target. Mazagon Dock Shipbuilders, incorporated in 1934, is a Small Cap company with a market cap of Rs 89530.19 crore) operating in the Defence sector. Mazagon Dock Shipbuilders' key Products/Revenue Segments include Contract Revenue, Sale of Products, Other Operating Revenue, Ship Repairs and Scrap for the year ending 31-Mar-2024.

Pashupati Advani, Founder, Global Foray, says there is no real trigger to take the market to a new level. FIIs are selling, SIPs are still there which is good, but the actual retailer who has been providing the liquidity and enjoying the market is not being able to make money and will leave the markets and that is not a good sign. Advani says he is still very defensive and looking at cement, a little bit of pharma and a couple of PSUs. He is being very conservative and still sitting on some cash, waiting for opportunities. What are you buying right now? What is keeping you busy? Pashupati Advani: Trying to stay out of trouble. I bought Reliance last week. I am crying.