UPS Financial News

Bitfarms, a global vertically integrated Bitcoin mining company, has reported a 34% month-on-month (MoM) increase in earnings in its recent production report. The increase is primarily attributed to recent fleet upgrades and expansion.

Oppo A3X 5G starts at Rs. 12,499 for the 4GB + 64GB variant and Rs. 13,499 for the 4GB + 128GB model.

markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi. Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment.

Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore.

Recently, Justin Sun appealed to China to rethink its approach to Bitcoin. He stated that they need to step up since rivalry with America over Bitcoin policy could benefit all coins. Meanwhile, another huge event is shaking up the crypto market: the presale of DTX Exchange (DTX) .

Amazon Great Freedom Festival: Fantastic deals revealed on wearables such as smartwatches, headphones, and moreThe Lifelong LLVC930 offers powerful 800-watt performance for versatile home cleaning, including floors, sofas, and carpets. With a 6-litre capacity, HEPA filter, and blower function, it handles both wet and dry messes effectively. The 2.75-metre power cord and 1.8-metre hose provide ample reach, while four 360° rotating wheels ensure easy manoeuvrability.

NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period. Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal.

The crypto market picks up momentum, with speculators anticipating a return to the March high when BTC broke past $70,000. With the year’s second half promising more gains, investors have been looking beyond top coins like Cardano (ADA) and Fantom (FTM) to make the most of this bullish wave.

Employers added just 114,000 jobs in July, the U.S. Labor Department reported, and the unemployment rate rose to 4.3%. The data pointed to an unexpected deterioration in the labor market that had held up surprisingly well during the Fed's aggressive rate-hike campaign.

Eris Lifesciences on Friday said its consolidated profit after tax declined by 4.5 per cent year on year to Rs 89 crore for the quarter ended on June 30, 2024. The drug maker had reported a profit after tax of Rs 94 crore in the April-June quarter of the last fiscal. Revenue rose to Rs 720 crore for the first quarter of 2024-25 from Rs 467 crore in the year-ago period, Eris Lifesciences said in a statement.

By Julie Cazzin with Allan Norman

Health Minister J P Nadda on Friday defended the National Eligibility-cum-Entrance Test (NEET), which is under the scanner over paper leak cases, saying medical education had become an open business before the NEET was introduced and PG seats were sold for Rs 8 crore-13 crore each. The minister intervened during a discussion on a private member resolution moved by DMK Rajya Sabha member M Mohmed Abdulla on the NEET. The minister said corruption was rife in medical education before the NEET was brought in during his first stint as health minister. «Medical education had become the den of a business. When I was health minister and was bringing NEET, one seat of post graduation was sold for Rs 8 crore each and if you had to opt for a discipline like radiology then it was Rs 12-13 crore,» Nadda said.

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Warren Buffett is not done selling Bank of America.

North American interest rates aren’t just falling; they’re skydiving. With the U.S. Federal Reserve hinting at a possible September rate cut, inflation improving and economic data limping in weaker, it’s clear to markets that elevated rates have overstayed their welcome.

Shares of Granules India Ltd.(up 2.32 per cent), Divi's Laboratories Ltd.(up 1.5 per cent), Dr. Reddy's Laboratories Ltd.(up 1.11 per cent), Sun Pharmaceutical Industries Ltd.(up 0.96 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.78 per cent) ended the day as top gainers in the pack.

A spokesperson for UBS AM refused to comment on Chow's departure, but said «there have been some changes to the set up and responsibilities within our engagement team, which continues to be led by Francis Condon». Chow's departure happened shortly after the firm's head of impact investing Narina Mnatsakanian left the asset management division of UBS in June. UBS AM impact investing chief departs as Credit Suisse integration progresses News about Chow and Mnatsakanian exiting UBS came amid a sweep of senior changes at the lender. Chow started her career in 2001 as part of the gra...

Assam Chief Minister Himanta Biswa Sarma on Friday asserted that it is everyone's responsibility to stop infiltration, not just that of the Union government. He also sought to know the «formula from Rahul Gandhi on how to conduct caste survey without disclosing one's own caste». Interacting with reporters here, Sarma, the BJP's Jharkhand election co-incharge, said, «Santhal Pargana region in Jharkhand has been worst affected by infiltration. The population of infiltrators has gone up by 50-60 per cent in various constituencies in the region in the last 20 years and the situation could become like that of Assam.» He claimed that the Muslim population in Assam rose from 12 per cent in 1952 to 40-42 per cent at present, mainly due to infiltration.

The Indian Directorate of Enforcement (ED), on Friday, raided at least six premises, probing a money laundering case linked to a crypto fraud ring – Emollient Coin.

Changing times call for new features – so our team has been working hard behind the scenes and we’re excited to launch our new website on Monday, 5th of August.

forex reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26, data shared by the Reserve Bank of India (RBI) showed on Friday. Previously, country's forex reserves jumped by $4.00 billion to hit an all-time high of $670.86 billion as of July 19. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) fell by $1. 1 billion to $586.88 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.