UPS Financial News

Allahabad High Court on Friday denied bail to former Uttar Pradesh minister Gayatri Prasad Prajapati, who is serving a life sentence for gang rape. Justices Vivek Chaudhary and Mohd FA Khan of the Lucknow bench of the court denied the bail. The bench had reserved its order for Friday after completing the hearing in the matter on September 10. The former minister had sought bail while his appeal against the conviction in the case by a special court is pending.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production

The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations

Subscribe to enjoy similar stories. Data centers’ squat, industrial aesthetic is getting a vertical and visual upgrade, driven by artificial intelligence-fueled demands for computing power, as well as geographic necessity. A movement of data centers from the boonies to the burgs has led operators to reconsider the windowless, prison-like look that has defined data-center design for decades, resulting in projects more pleasing to the eye from street level.

Subscribe to enjoy similar stories. In his travelogue If it’s Monday it Must be Madurai: A Conducted Tour of India, author Srinath Perur opens with a chapter on a bus tour of south Indian temple towns, beginning with Madurai. Writing about a fellow traveller, a Bengali gentleman who finds himself in strange culinary waters, Perur writes: “He is also unhappy that the group eats only at restaurants that are either ‘pure’ or ‘classic’ vegetarian.

Subscribe to enjoy similar stories. A price battle has broken out in the hot market for weight-loss drugs. Eli Lilly and Novo Nordisk, the pharmaceutical heavyweights selling the popular injections, are each dangling discounts to gain an edge and to induce health plans to pay up.

Subscribe to enjoy similar stories. NEW DELHI : The Indian arm of Norwegian investment company Orkla ASA, which sells spices and food products under the MTR Foods and Eastern Condiments brands in the country, is likely to complete its business restructuring in another 12 months before exploring a public listing, said a top executive. The company announced in October 2023 that its India businesses would be reorganized into one entity, Orkla India.

«We clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps,» says Harshad Patwardhan, CIO, Union MF. We were speaking with our technical expert earlier and he is talking about 26,000 on the index as soon as next week. What about the top of the year because at 24,000 we thought that perhaps fundamentals are not running as fast as the valuations, 25,000 same questions being asked about valuations, but it just seems like it is all about liquidity, momentum, and flows. Harshad Patwardhan: Absolutely right, fundamentals do assert themselves over medium to long term. But in the near term, clearly the liquidity or the demand-supply tends to overwhelm fundamentals. However, I must point out that medium- to long-term fundamentals of Indian economy, corporate sector look very-very robust. So, to that extent, yes, sometimes the valuations will run ahead of themselves. Stocks and sectors will run ahead of themselves but so long as the medium- to long-term trajectory you are sure of, these things tend to happen. So, I do not really worry too much about it. Having said that, we clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps.

European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while shares of Mercedes were set for their worst day in 15 months after the automaker cut its core profit outlook. The pan-European STOXX 600 index fell 0.4% to 519.76 points as of 0805 GMT but was on track for a second straight week of gains.

Bitcoin (BTC) was trading higher by over 2% around 1:15 pm at $63,547.72 extending its 7-day gains to 10%. Meanwhile, altcoins like Etherium (ETH), BNB, Solana, XRP, Dogecoin, Tron, Cardano, Shiba Inu and Avalanche surged up to 9%. The top gainer was Avalanche with 9% uptick and its 7-sessions gains has now gone at 18%.

BEIJING — Many of Apple's affluent iPhone users in China are just as interested in Huawei's pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country.

Cholamandalam Investment & Finance Company Ltd. dropped 0.09 per cent to Rs 1595.0 at 01:18PM (IST) in Friday's trade. The counter has hit a high of Rs 1609.9 and low of Rs 1584.5 so far during the session. The stock had closed at Rs 1596.55 in the previous session. The counter has had a total traded volume of 9847 shares so far with a value of Rs 1.57 crore on the NSE. It traded at a price-to-earnings multiple of 36.56 and a price-to-book ratio of 4.96.

Subscribe to enjoy similar stories. The Hinduja Group is ramping up its efforts to acquire bankrupt Reliance Capital, with Barclays Capital taking the lead in the second tranche of a high-yield rupee bond offering, three people with knowledge of the deal said, asking to remain anonymous. The group aims to raise a total of ₹4,300 crore (approximately $515 million) to fund the acquisition, which was approved by the National Company Law Tribunal (NCLT) but has faced delays due to regulatory hurdles and funding challenges.

Subscribe to enjoy similar stories. Lip glosses are one of the most glamorous products to come out of a beauty factory. But they aren’t for people with long hair.

Subscribe to enjoy similar stories. Shares of IIFL Finance Ltd surged nearly 9% in Friday’s early trade after the Reserve Bank of India (RBI) revoked the ban on the company’s gold loan business. As a result, IIFL can now resume disbursing and selling gold loans.

Subscribe to enjoy similar stories. The Federal Reserve’s interest-rate cut on Wednesday will take time to work its way through the American economy. And not everyone will feel its effects right away.

Havells India Ltd. traded 1.8 per cent up in Friday's trade at 12:58PM (IST). Around 14,629 shares changed hands on the counter. The counter opened at Rs 1995.1 and touched an intraday high and low of Rs 2035.0 and Rs 1990.6, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 2035.0 and a 52-week low of Rs 1233.1.

Ashok Leyland Ltd. fell 0.04 per cent to Rs 237.65 at 01:02PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 357,514 shares with a turnover of Rs 8.5 crore till 01:02PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.5, while the price-to-book value ratio stood at 5.58.

Uttar Pradesh government told Supreme Court that the madrassa education system, focusing on religious studies, is out of sync with mainstream education and that students studying in the theological establishments could be employed only in jobs requiring class 10 or 12 pass qualifications, reported TOI. UP government's affidavit was filed in a clutch of appeals by madrassas and their teachers challenging Allahabad HC's judgment, which on March 22 quashed the Madrasa Education Act, 2004, terming it violative of fundamental rights and the principle of secularism. SC has since stayed the HC judgment. The state said mainstream subjects are taught in madrassas till class 8 as per State Council of Educational Research and Training syllabus, and, " In class 9 and 10, mainstream subjects are not compulsory… students have to choose only one subject from mathematics, home science (only for girls), logic and philosophy, social science, science and Tib (traditional medical science)."

prolonged sitting. The findings are based on a meta-analysis of nine studies involving thousands of participants, highlighting the importance of regular physical activity to mitigate health risks associated with sedentary behavior.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 1.07 per cent to Rs 5493.95 in Friday's trade. It hit a high of Rs 5496.25 and low of Rs 5435.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4157.92, while the 50-DMA was at Rs 4942.41. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.