UPS Financial News

Shares of Au Small Finance Bank Ltd.(up 7.56 per cent), Bandhan Bank Ltd.(up 3.29 per cent), Punjab National Bank(up 0.91 per cent), IDFC First Bank Ltd.(up 0.84 per cent) and ICICI Bank Ltd.(up 0.6 per cent) ended the day as top gainers in the pack.

Global shares are mostly higher as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies

Benchmark NSE Nifty closed 83.96 points up at 25235.9 amid buying in frontline bluechip counters.

Forex reserves were up by $7.02 billion to touch an all-time high of $681 billion as of August 23, as per data released by the Reserve Bank of India on Friday. Earlier, reserves expanded by $4.54 billion to $674.66 billion for the week ending on August 16. Previously, Forex reserves had touched an all time high of $675 billion as of August 2, but had fallen $4.8 billion on August 9.

Some investors are overestimating the stockpile of Chinese money that could be converted back into yuan, as firms may not yet be ready to abandon dollar holdings, according to Goldman Sachs Group Inc.

Inflation is down in Europe

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

In a stock exchange notice today (30 August), the trust's board has agreed to a two-tier structure consisting of a fee calculated as 0.35% on MUT's net assets up to £1.1bn and 0.25% on any net assets above £1.1bn. Prior to that, the fee structure consisted of three different levels: 0.55% on the first £350m of net assets, 0.45% on any amount between £350m and £450m, and 0.25% on net assets above £450m. abrdn reduces platform fees and simplifies charging structure The newly introduced fee structure came into effect on 1 July. Peter Tait, chair of Murray Income trust, argued the s...

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...

₹10.4 lakh to ₹13 lakh. This trend would have likely continued in assessment year 2024-25. As for GST, the GST Council’s decision in August 2023 that online gaming companies will have to pay 28% GST, up from 18%, led to a jump in revenues.

Union Bank of India. It says the banking liquidity has fallen to Rs 0.95 lakh crore as on 28th August from a peak of Rs 2.86 lakh crore. The report highlights that the decline in liquidity continued throughout this month. At the beginning of the month, on August 2, 2024 banking liquidity was at Rs 2.56 lakh crore which has reduced to Rs 1.55 lakh crore on August 16th and now at Rs 0.95 lakh crore on August 28. The report stated, «As of 28th Aug, the system liquidity was in surplus, to the tune of Rs.0.95 lakh crore, easing from the peak of Rs.2.86 lakh crore earlier this month.»

United Spirits Ltd. gained 1.56 per cent to Rs 1471.0 in Friday's trade as of 01:45PM (IST). The stock hit a high price of Rs 1474.5 and low of Rs 1433.0 during the session. The return on equity (ROE) for the stock stood at 19.77 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 1.2 crore around that time. The stock of United Spirits Ltd. quoted a 52-week high price of Rs 1480.0 and 52-week low prices of Rs 981.25, respectively.

FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks in this sector are expected to be in focus.

B Navyashree lying dead next to her with her throat slit. The incident occurred at Navyashree's house in Vishweshwaraiah Layout, Kengeri. Police suspect Navyashree's husband, A Kiran, a cab driver, of committing the murder after a night of conflict, and he has been detained. Navyashree, originally from Bhadravati in Shivamogga district, had invited her childhood friend Aishwarya over to share details of her troubled marriage with Kiran. According to the police, the couple had been facing issues for the past year, with Kiran feeling increasingly insecure due to Navyashree's social status as a choreographer. The police described the tension in the marriage, noting that Kiran wanted Navyashree to change her profession and often suspected her fidelity. «Differences cropped up between the couple over the last one year,» an officer explained, adding that Kiran frequently checked Navyashree's mobile phone, which annoyed her.

Tata Power Company Ltd. traded at Rs 434.6 on BSE at 11:21AM (IST) on Friday, up 0.84 per cent from previous close. The scrip quoted a 52-week low price of Rs 230.75 and a high of Rs 470.85.

Vistara merged with Air India, Tata SIA Airlines, the operator of Vistara Airlines, announced on Friday, that flight bookings for travel dates up to November 11, 2024, will be available until September 3, 2024. After November 11, 2024, all Vistara aircraft will become part of Air India's operations. Following this date, Air India will exclusively manage the remaining Vistara flight bookings. In May 2024, Air India clarified that Vistara's loyalty program will merge with Air India's Flying Returns and lounge access will remain unchanged. However, if you're a Vistara customer who paid for lounge access when booking your ticket, you might be wondering what will happen to your airport lounge booking after November 12, 2024. Here are important FAQs about flight bookings, lounge access, refunds and cancellations and more as per the Vistara-Air India merger website.

demolition of his brother's sports venture here was carried out without notice and consideration of prior permissions, former Union HRD Minister M M Pallam Raju has said the demolition was extremely painful. Raju, senior Congress leader from neighbouring Andhra Pradesh, also said he is feeling the pain of the vilification of a clean record of three generations of public life. The demolition was part of the drive initiated by the HYDRA (Hyderabad Disaster Response and Assets Monitoring and Protection Agency), recently set up by the Telangana government, against alleged encroachments on government properties like lakes and other violations of rules. «Extremely pained by the demolition of ORO Sports Village, a passionate sports venture by my brother Anand, in 7 acres of leased land. ⁠Demolition done without notice and without consideration of prior permissions and clearances,» Raju said in a post on the social media platform 'X'.

Kutch district have asked people living in huts and makeshift houses to take shelter in schools, temples or other buildings after the IMD said that a deep depression over the area might turn into a cyclonic storm by Friday morning. Following the warning by the India Meteorological Department (IMD), Kutch Collector Amit Arora issued a video message asking people living in Abdasa, Mandvi and Lakhpat talukas to leave their huts and kutcha houses and take shelter in any school or other buildings. He also urged locals to come forward and provide shelter to such poor people in their houses till Friday evening. In a statement on Thursday night, IMD said, «Deep depression over Kutch and adjoining areas is likely to move nearly westwards into northeast Arabian sea and intensify into a cyclonic storm during next 12 hours. It would then move west-northwestwards away from Indian coast during subsequent two days.»

Crompton Greaves Consumer Electricals Ltd. gained 2.29 per cent to Rs 475.65 in Friday's trade as of 11:27AM (IST). It hit a high of Rs 476.5 and low of Rs 465.35 during the session. The stock quoted a 52-week high price of Rs 479.2 and a low of Rs 262.1. The return on equity for the stock stood at 15.04 per cent. About 41,487 shares have changed hands on the counter so far.

In an interview with ETMarkets, Somaiyaa said: “FII outflows might occur due to the negative outlook on US equities, and some market downside is expected. But with a lag, as currency dynamics shift, we should see significant FII inflows” Edited excerpts:

Official data on Friday will likely show growth moderated last quarter from near-8% pace previously, largely due to a slowdown in government spending before the elections. Recent indicators show consumer sentiment is waning and rural spending still hasn’t recovered to pre-Covid levels. A looming slowdown in the global economy is another major risk to the outlook. Goldman Sachs Group Inc. has already trimmed India’s growth forecast for the current calendar year by 20 basis points to 6.7%, while Bloomberg Economics lowered its projection for the fiscal year through March 2025 to 6.8% from 7.2%.