UPS Financial News

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike

NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn't touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and long-term capital gains made from equity mutual funds or stocks (infrequent trades treated as capital assets). While the tax on short-term capital gains (STCG) was increased to 20% from 15%, the same on long-term capital gains (LTCG) was hiked to 12.5% from 10%.

₹6,146 crore at the upper end of its ₹72-76 price band. That would take its valuation to about ₹33,522 crore, or about $4 billion. Ola Electric, India’s largest maker of electric scooters, has demonstrated impressive growth in recent years.

Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage ...

The attorney general for Washington, D

Eureka Forbes vacuum cleanersThe Eureka Forbes Quick Clean DX is a powerful 1200W canister vacuum cleaner designed for daily cleaning needs. It features 3 reusable dust bags, various accessories, and a dust bag full indicator. With a 2-litre capacity and a suction power of 1700 mm, it can handle various surfaces, including carpets and upholstery.

₹40 lakh has been seeing a decline in overall sales since the pandemic, to 19% in H1 2024 from over 38% in the same period before the pandemic in 2019. Over the last few years, affordable housing finance companies (AHFCs) have seen increased interest from investors amid growth expectations. Some of the companies have raised capital from the market in addition to some players getting capital from marquee investors.

O'Leary Ventures Chairman Kevin O'Leary reacts to the Biden administration’s latest claim that corporations are the cause of sky-high inflation on 'Varney & Co.'

self-employed people and skilled employees are eligible to apply for a Green Visa.Freelancers and self-employed people who wish to apply for a Green Visa will be required to submit a freelance/self-employment permit from the Ministry of Human Resources and Emiratisation.Apart from an employment permit, proof of a bachelor’s degree or a specialised diploma will be required, along with evidence of annual income from self-employment for the previous two years amounting to not less than AED 360,000 or proof of financial solvency throughout their stay in the UAE.The skilled employees will be required to submit a valid employment contract. They must be classified in the first, second or third occupational level, according to the Ministry of Human Resources and Emiratisation.The first occupational level consists of legislators, managers, and business executives.

Kerala government was warned seven days ahead of the tragic landslide which claimed more than 150 lives. Speaking about the early warning system in Rajya Sabha, Union Home Minister said that Government of India had alerted the government of Kerala seven days before the incident, and then on July 24 and 25 too early warning was given.

cryptocurrency markets traded lower on Wednesday, with Bitcoin and Ethereum leading the decline. At 1:48 pm IST, Bitcoin (BTC) was trading 1.3% lower at $66,088, while Ethereum fell nearly 1.11% to $3,313. Meanwhile, the global cryptocurrency market cap dropped by 0.71% to around $2.39 trillion in the last 24 hours.

mechanism to allow trade settlement in rupees. An important headway came in December 2023 with India’s first-ever rupee payment for oil from the United Arab Emirates, a major trading partner. Earlier, an RBI panel also gave recommendations, some of which led to the central bank announcing in May a plan to allow non-residents to open rupee accounts.

Indus Towers announced a share buyback via a tender offer on Tuesday while reporting its quarterly results for the first quarter of FY25. The company plans to repurchase approximately 5.68 crore shares at Rs 465 per share, totaling up to Rs 2,640 crore. The buyback price offers a 4% premium over the stock’s closing price on Tuesday, July 30.

Toyota Kirloskar Motor (TKM) Wednesday signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, which Chief Minister Eknath Shinde said would revolutionise the automobile sector in the state. The MoU (Memorandum of Understanding) was signed at Sahyadri Guest House in Mumbai.

India's Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country.

ICICI Prudential Life Insurance Company Ltd. gained 1.05 per cent to Rs 730.95 in Wednesday's trade. It hit a high of Rs 737.0 and low of Rs 720.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 564.84, while the 50-DMA was at Rs 617.24. 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.

Delhi High Court on Wednesday pulled up authorities over the deaths of three UPSC aspirants who drowned in the basement of a coaching centre, saying such tragedies are bound to happen when there is no collection of taxes due to a "freebies culture". A bench headed by Acting Chief Justice Manmohan said a «strange probe» was going on with police action against the passerby who drove a car but no action against MCD officials.

Mint explains why Sebi is concerned with the rising trade volumes, the measures it plans to take, and the impact of these steps. Derivatives are financial contracts that derive their value from an underlying asset. Derivatives are of two types – futures and options contracts.

Marico Ltd. slipped 1.17 per cent to Rs 673.0 in Wednesday's trade as of 01:08PM (IST). The stock hit a high price of Rs 683.6 and low of Rs 670.8 during the session. The return on equity (ROE) for the stock stood at 38.64 per cent. Traded volume on the counter stood at 01:08PM shares and turnover at Rs 2.1 crore around that time. The stock of Marico Ltd. quoted a 52-week high price of Rs 690.95 and 52-week low prices of Rs 486.75, respectively.

Dinshaw Irani, CEO, Helios Mutual Fund, says they have not been very adventurous in their shopping list and instead been fairly cautious. They have moved away from midcaps to a larger extent as they believe that midcaps are fairly overpriced. Helios is okay with the largecaps though given that they are still at a PE of some 21-odd forward earnings which is fairly reasonable given the kind of growth seen in the largecaps. In the smallcap space also, they are being cautious. What is your market view? We can endlessly argue that markets should go down, but the fact is they are up. What does that indicate? Dinshaw Irani: Look at what the earnings are doing. If you look from March quarter onwards, there has been roughly around a 5% cut in earnings on the Nifty or the indices as such, roughly 5% across both the broader indices and the narrow indices. And what has the market done? It has gone up 11%. Even this quarter I think roughly around 28 odd companies have reported in Nifty and the earnings growth is 3%.

Gautam Gambhir praised India for pulling off a tenacious Super Over win in the low-scoring third T20I against Sri Lanka for a series whitewash, but called for consistent improvement on pitches assisting sharp turn. In a contest delayed by an hour due to rain here on Tuesday, India struggled against both spin and pace on a fresh pitch to make a mere 137/9.