UPS Financial News

Sovereign Gold Bonds (SGBs) are an important investment option for retail individual investors. Any change in the taxation of SGB will have a material impact on your total returns. Budget 2024 has proposed several changes that may directly affect the taxability of your SGB investment if it is sold before maturity or prematurely redeemed.

Marico Ltd. fell 0.21 per cent to Rs 681.15 in Tuesday's session as of 11:42AM (IST) even as the equity benchmark Sensex traded 369.31 points higher at 81725.15. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 690.95 and a 52-week low of Rs 486.75 on NSE. Around 26798 shares changed hands on the counter till 11:42AM (IST).

Colgate-Palmolive (India) Ltd. gained 5.81 per cent to Rs 3395.65 at 10:00AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 3411.0 and low of Rs 3254.1 so far during the session. The stock had closed at Rs 3209.15 in the previous session. The counter has had a total traded volume of 40196 shares so far with a value of Rs 13.54 crore on the NSE. It traded at a price-to-earnings multiple of 65.34 and a price-to-book ratio of 27.81.

Domestic benchmark index NSE Nifty gained 19.86 points to 24855.95, while the BSE Sensex traded 75.62 points up at 81431.46.

THESE 5 NASA images from space will make you fall in love with universeJupiter's stormy atmosphere features more than a dozen prevailing winds, with speeds reaching up to 335 miles per hour (539 kilometers per hour) at the equator. Additionally, the Great Red Spot, a massive storm system twice the size of Earth, has been observed on Jupiter for over 300 years.The extraordinary vivid glows shown in the new observations are known as auroras.

«If you look at the broad market, it is up more than 1% overall. So, there is a lot of buying pressure in this market. Perhaps the fundamentals you could argue have been frothy for over six months now but the market continues to have run higher,» says Deepak Shenoy, Founder, Capital Mind. What do you make of the market mood right now because there are people who are waiting for dips to come by. They are calling the markets a bit more frothy, expensive, difficult to find ideas but the liquidity gush really continues and the market continues to trend higher. Deepak Shenoy: Indeed, in fact, people who have been waiting from pre-election times for the market to dip, they got one, they thought there will be another bit of a dip after that and then the market went up. Last week we saw, what, it is less than a week now and we have seen capital gains tax increase and still the market seems strong. Though today I think the Nifty is kind of lacklustre.

As the XRP (XRP) price continues to lag the broader crypto market in 2024, with the crypto still stuck beneath a key long-term downtrend, holders are betting big on a new ICO as they eye massive 14x or 1,298% potential gains.

Tata Consumer, Varun Beverages, IOC, ACC, PNB Housing among others will be in focus due to various news developments and first quarter results. ACC

budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as a key focus area for the government, along with putting education in mission mode. He noted that India has done a good job of making sure the fiscal deficit is reduced from last year.

ecommerce — sales by brands through their websites, apps and social media — has grown to 10-15% of India’s online retail market of $70-75 billion now from 2-3% five years ago, according to industry data and analysts.

Adani Energy Solutions is expected to launch a qualified institutional placement (QIP) this week or next to raise up to $1 billion (₹8,400 crore), according to people with knowledge of the matter. The board of the Adani Group's power transmission unit had in May approved raising ₹12,500 crore through equity to fund expansion. «Adani Energy is set to launch its QIP after a month of roadshows with GQG Partners, Qatar Investment Authority, two US-based funds new to India, and domestic mutual funds showing interest,» said one of the persons cited. «The QIP is expected to be launched later this week or early next week to raise around $700-800 million, with the potential to increase it to $1 billion in case of demand.» The company has appointed ICICI Securities, SBI Capital Markets and Jefferies as advisers.

Wedding services startup Meragi has raised $9.1 million in a funding round led by venture capital fund Accel.

JD Vance has been announced as Donald Trump’s running mate. According to many Republicans, this could be a disastrous move and Trump may be reconsidering his choices. Survey after survey indicate that the Ohio Senator is in fact the most unpopular vice-presidential nominee in the country’s history since 1980.

Oshi no Ko Chapter 157 is set to release soon. Fans are eager to know what will happen next in this final arc. Here are the details on the release date and some spoiler speculation.

Lok Sabha on Monday witnessed an uproar over the flooding of a coaching centre's basement in Delhi that killed three students with many members demanding that accountability be fixed as they criticised the failure of authorities and sought a high-level inquiry into the incident.

Casey Jorgensen at Dynasty Financial found the narrative of the impending “silver tsunami” of advisor retirements to be compelling enough that she asserted herself at the forefront of helping advisors transition into their next chapter.

Benefit payments for Canadian seniors are going up slightly in a scheduled increase as retirement is “becoming unaffordable” for many in the country.

OnePlus smartphones will feature prominently in the sale, including the OnePlus Nord CE 4 Lite, OnePlus Nord 4, OnePlus Nord CE 4, OnePlus Open, OnePlus 12R, and OnePlus 12. The discounted prices for these models will be announced as the sale event approaches.In addition to OnePlus, the sale will offer discounts on various iQOO models such as the iQOO Z9 Lite 5G, iQOO 12 5G, iQOO Neo 9 Pro, iQOO Z7 Pro, iQOO Z9, and iQOO Z9x.

Argentine President Javier Milei has told his country's struggling farmers that he was committed to scraping export taxes and rescuing the key agricultural industry

Rapido has raised $120 million (about Rs 1,000 crore) in primary capital from its existing investor WestBridge Capital at a post-money valuation of $1 billion, becoming the newest unicorn startup in the country.

Stocks that traded heavily or had substantial price changes on Friday: Newell Brands, 3M rise; Saia, DexCom fall