UPS Financial News

While Americans continue to struggle under high rents, as many as 223,000 affordable housing units could disappear in the next five years alone

Women make up roughly half of U.S. labor union membership, but representation in top level union leadership positions has lagged, even in female-dominated industries, and particularly for women of color

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

IndusInd Bank are expected to remain in focus on Monday as the lender reported net advances at Rs 3,56,980 crore as on September 30, 2024, reporting a 13% year-on-year jump versus Rs 3,15,454 crore in the year ago period. On a sequential basis, it was up by 3% as against Rs 3,47,898 crore posted by the lended in Q1FY25. The deposits grew 15% YoY to Rs 4,12,704 crore as on September 30, 2024 versus Rs 3,59,786 crore in the year ago period. On the quarter-on-quarter basis, the growth was recorded at 4%.

After BSE has announced that it will discontinue Bankex weekly expiries, the market is rife with speculations that NSE may choose Nifty Bank over Nifty as both exchanges have to pick one expiry under new Sebi rules. Nifty Bank brings in higher volumes for the exchange, and better trading opportunities for speculators, but if Nifty weeklies go, then it would deprive investors the opportunity to hedge against major events that pop up more frequently now than ever, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat:

Ashi Anand, Founder & CEO, IME Capital, says the whole shift towards digital platforms in India is a theme that is very attractive from a longer-term perspective. It is a longer term story around value migration that is happening from traditional businesses towards digital forms of transaction. This could be across payments, food, or transportation, etc. The other core space Anand is gung-ho on is financiers which includes the BFSI space, and capital markets. There is a clear growth runway as the financialization of savings in India is still a nascent kind of trend. You track IT or tech pretty closely. Do you think that is one sector which will manage to wade through the storm that we are currently seeing because it is showing some sporadic outperforming moves? Ashi Anand: We need to differentiate between IT services and tech or what we like to call digital or digital platforms. If I just focus on digital platforms, that is really the longer term story around value migration that is happening from traditional businesses towards digital forms of transaction. Now, this could be across payments, it could be across food, it could be across transportation, etc. The whole shift towards digital platforms in India is honestly a theme that we believe to be very attractive from a longer-term perspective and really does not get too impacted by whatever is going on right now.

Subscribe to enjoy similar stories. KAMALA HARRIS’S candidacy has injected some energy into what had been a poisonous presidential race between two old men who bickered over their golf games on national television. But her ascension comes with risks.

Subscribe to enjoy similar stories. The Dubai-based air carrier Emirates has banned pagers and walkie-talkies from its flights after a bunch of these exploded recently in the hands of Hezbollah militants, leaving at least 40 dead and thousands injured.

Subscribe to enjoy similar stories. India’s transportation sector is racing toward an electric revolution. Electric vehicles (EVs) are gaining momentum, fuelled by soaring fuel prices, government support, and aggressive green targets.

Subscribe to enjoy similar stories. New Delhi: “Buy on the sound of cannons, sell on the sound of trumpets." — Nathan Mayer Rothschild 17 January 1991. Time: 2.38 am.

India Women registered their first win in the ongoing ICC Women's Word Cup on Sunday after beating arch-rival Pakistan by wickets six and seven balls to spare at the Dubai International Cricket Stadium in the United Arab Emirates. Chasing 106 to win, opener Shafali Verma led the charge with a steady 32, while Jemimah Rodrigues scored 23 runs. Captain Harmanpreet Kaur handled a mini-collapse where India lost two wickets in as many balls when the score was at 80. The skipper remained unbeaten on 29, but was retired hurt with just two runs needed to win. Kaur injured her neck after she lost balance attempting to hit the winning runs. Earlier, the bowlers did a great job to restrict Pakistan to 105/8 in 20 overs. Pacer Arundhati Reddy spearheaded India's bowling with 3/19, earning her the Player of the Match award. Off-spinner Shreyanka Patil did not allow the batters to settle and registered figures of 2/12 in four over, including a maiden. Renuka Singh Thakur, Deepti Sharma, and Asha Sobhana picked up a wicket each. For Pakistan, Nida Dar scored a 34-ball 28 after being reduced to 41/4 inside 10 overs. Captain Fatima Sana and Syeda Shah played little cameos to help their team cross the 100-run mark.

During the podcast, Nithin Kamath emphasized the importance of maintaining good mental health, drawing from his own experiences. “Mental health is something I care about quite a bit,” he said. “For me, it’s about not keeping anything in my mind—just letting it out.” Nithin explained that holding onto thoughts and emotions only complicates matters, encouraging a more open approach to dealing with personal issues. Nikhil Kamath, the younger of the two, shared an instance from his life where Nithin’s advice played a crucial role. Playfully reflecting on the time during the COVID-19 lockdown, Nikhil spoke about a breakup he went through while living with his brother. “We both were in one house together and we had broken up at that point of time. So Nithin's advice to me: I'm like going through a breakup, we're like getting reasonably intoxicated every night for 2 months,” Nikhil said.

Subscribe to enjoy similar stories. Incoming Nike chief executive officer Elliott Hill could learn a lot from his counterpart at Adidas, Bjorn Gulden. In formulating his strategic blueprint, Hill should follow Gulden in making Nike nimbler and introducing some winning products, like Adidas’s Samba.

Subscribe to enjoy similar stories. A major explanation for India’s manufacturing sector remaining stagnant despite policy efforts to stimulate its growth lies in the changing traits of industrialization, with India being a latecomer only making it more challenging. In China and the US, industrialization and urbanization took place together.

Subscribe to enjoy similar stories. One of the biggest simplifications in markets is to buy cyclical sectors when the economy’s booming, and defensives in a slowdown. It’s obvious—until you try to decide what’s cyclical and what’s defensive.

Subscribe to enjoy similar stories. New Delhi: India will become a developed economy over the next 25 years if it sticks with the reforms pledged by policymakers, but the country has to move fast in building global supply chains before it is too late, economist Jagdish Bhagwati said in an interview.

Subscribe to enjoy similar stories. The career of Andrea Orcel vividly encapsulates the recent history of European banking. At Merrill Lynch, now part of Bank of America, Mr Orcel advised on deals that formed part of the wave of mergers that crested in 2007, when a pan-European troika bought ABN AMRO, a Dutch lender.

Subscribe to enjoy similar stories. Google’s grip on the nearly $300 billion search advertising business is loosening. For years, the tech giant has seemed invincible in this corner of the ad market, which is the foundation of its business.

Hollywood star Keanu Reeves made his professional auto racing debut on Saturday in an event in which The Matrix star spun out at famed Indianapolis Motor Speedway.