UPS Financial News

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT.

LG Balakrishnan & Bros with a target price of Rs 1620. The current market price of LG Balakrishnan & Bros is Rs 1494.6. LG Balakrishnan & Bros Ltd., incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 4711.06 Crore) operating in Auto Ancillaries sector.

Vedanta Resources plans to raise up to $1.5 billion in a five-year dollar denominated bond sale, marking the first such refinancing-focused global issuance since a January restructuring at the UK holding company of Vedanta Ltd. Proceeds from the latest issue will be used to refinance $470 million in bonds that are due in 2027 and $1 billion due 2028. Both sets of bonds — carrying 13.87% interest rates — will now be redeemed on October 2 this year. “Vedanta Resources’ objective is to redeem the two bonds, which are trading on a par, with the new ones, which will be issued at 9.5-10.5%, bringing down the borrowing cost,” said a banker.

What makes you so bullish on India?

Infinix GT20 Pro ReviewInfinix has confirmed that the Hot 50 5G will come in a sleek design with a thickness of just 7.8mm. The phone has also received TUV SUD A-Level 60-month fluency certification, which suggests that the phone may be able to hold its own for 5 years.

Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia's third-largest economy is likely to outpace its major peers, policy experts warn the benefits are increasingly being funnelled to a select few, leaving millions of job-seekers, especially young people, out of the growth story. With a supply of affordable homes dwindling and those with cash cornering the property market, many aspiring first-time buyers are being forced to keep renting.

«So, the HNIs are licking their wounds and only the index seems to have done super well. So, let us see, I mean, we are all here, we are all in the market, we are not going to give up and go away. I think people look at India as a global story. It is fantastic. But I do not agree with some of those sectors,» says Pashupati Advani, pashupatiadvani@globalforay Nifty at an all-time high, but a lot of stocks which matter to the viewers, a lot of HNI stocks, a lot of retail stocks, retail-dominated stocks, they have corrected 5%, 10%, 15%, even 30%. Is the bull market over? Pashupati Advani: I think we are looking for cues to move forward and I think that there do not seem to be any that we can see. So, there is a sectoral shift because obviously people like India as a whole, they just want to be in the right thing, so you are seeing little nibbles in things like obviously insurance, but this thing real estate, the auto pack is a little bit over. People are looking at defensives.

Jignanshu Gor, Group Analyst, Bernstein SocGen, believes that discretionary spending is waiting to grow at the bottom of the pyramid or in the middle of the pyramid and outside of metro cities. It is not just a metro story. It is a story of the affluent, in both urban and rural India. The recovery for the discretionary from a narrative perspective is going to happen in the next 12 to 18 months, which makes him confident of the prospects of this sector itself. At a time when people are looking at staples, talking about rural recovery, monsoon, election, and all of that, you have initiated coverage on urban discretionary stocks, which were well for the last couple of years. What makes you sanguine about retail, and restaurant over staples? Jignanshu Gor: If I look at how the discretionary spending in India is construed today, the coverage for the sector across retailers, and restaurants, including digital and offline, is restricted to the top 10% of the population. We think that as the increasingly affluent people, both in the top of the pyramid and the middle of the pyramid, are looking to express themselves, that is being expressed in eating out and buying trendier clothes.

Bajaj Housing Finance, which is set to launch a ₹6,560-crore IPO later next week, is keeping options open to sell stakes to strategic investors. Sanjiv Bajaj, chairman and managing director of Bajaj Finance, told ET the company will be keenly watching the investors subscribing to the IPO for an eventual shareholder mix, as the promoters will be required to dilute stakes in phases to comply with listing norms.

Cathay Pacific has temporarily grounded its fleet of A350 aircraft for inspections after a «first of its type» engine component failure forced a flight to Zurich to turn back on Monday. Cathay is conducting fleet-wide inspection of its 48 Airbus A350 aircraft and «a number of aircraft will be out of service for several days», the airline said in a statement Monday night. The airline has cancelled 24 return flights operating up until the end of Tuesday, it added.

SJVN Ltd. According to one of the three people cited above, older renewable projects, largely solar, have found it harder to find buyers. "For the projects which have come up in the past one year, the agreements have largely been signed," the person said on the condition of anonymity.

More than a year after Twitter was rebranded as X, the microblog app’s old name retains its power. So much so that even its owner Elon Musk referred to it by that name.

Buy or sell stocks today: The Indian stock market's benchmark index, Nifty 50, hit fresh record highs on Monday, September 2, marking its 13th consecutive day of the index closing in the green. The index closed 0.17 per cent higher at 25,278.70 points, up from 25,235.90 points in the previous session. The BSE Sensex closed 0.24 per cent higher at 82,559.84 points, compared to 82,365.77 points in the previous market close.

Daisuke Hori, a 40-year-old entrepreneur from Hyogo prefecture, has adhered to a sleep routine of just 30 minutes per day for the past 12 years in an effort to «double» his life. Hori claims to have trained his body and brain to function normally on minimal sleep, significantly improving his work efficiency. On average, the human body requires around 6-8 hours of sleep for optimal health, with insufficient sleep negatively impacting mood and daily functioning. Experts agree that consistently getting 6-8 hours of sleep can enhance mood, cognitive function, and overall health. However, Daisuke Hori's sleep regimen challenges this notion. His sleep routine and its purported benefits were reported by the South China Morning Post. Mr. Hori stated, «As long as you exercise or drink coffee an hour before eating, you can stave off drowsiness.» He believes that high-quality sleep is more important for maintaining focus, especially for individuals who require sustained concentration in their work. According to him, doctors and firefighters benefit from high-quality sleep despite having shorter rest periods. «People who require sustained concentration in their work benefit more from high-quality sleep than from long sleep. For example, doctors and firefighters have shorter rest periods but maintain high efficiency,» he explained.

Mint explains the trend and why companies resort to such tactics. Ghost jobs are vacancies posted by companies across various sectors, either on job portals or their company websites. They look like real vacancies but here’s the catch: there is no urgent need to fill these positions.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

₹68,000 per 10 grams, while that of 9 KT gold ranged between ₹25,000 and ₹30,000 per 10 grams. The rise in demand for low-karat gold jewellery comes amid an increase in chain-snatching incidents. According to the National Crime Records Bureau (NCRB), India witnessed a significant spike in 2022, with the numbers rising to 9,278—a 32.54% increase - from 7,000 in 2021.

The $FET AI token underpinning the Artificial Superintelligence (ASI) Alliance is up 46% in the last fortnight, beating any other digital asset tied to artificial intelligence among the biggest 100 cryptocurrencies by market capitalization.

Congress on Monday charged Securities & Exchange Board of India (Sebi) chairperson Madhabi Puri Buch of receiving remuneration from private entities such as ICICI Bank and ICICI Prudential even while heading the regulatory body. Congress leader Pawan Khera alleged that Buch received ?16.8 crore from ICICI since joining Sebi in 2017. While Khera refused to divulge the source of this information saying Buch should prove the figures are wrong, he added that this amount was 5.09 times more than her salary of ?3.3 crore from Sebi during the corresponding time frame. Hours later, ICICI Bank refuted the charges and it has not paid any salary or granted ESOPs to Buch after her retirement.

Pacific Ocean, southern Chile, and southern Argentina. The event, occurring on October 2, will feature the moon creating a "ring of fire" as it partially covers the sun.