UPS Financial News
24.07 / 16:26
24.07 / 16:26
UPS
Aware
Election
Experts
Discrimination
Kharge's 'mataji', 'pakoda-jalebi' jibe at FM as he raises alleged discrimination against states in Budget
Kharge on Wednesday said Bihar and Andhra Pradesh got «pakoda and jalebi» on their plates while other states got nothing as he raised the issue of alleged discrimination meted out to opposition-ruled states in the Union Budget. Engaging in raillery and hurling barbs at Finance Minister Nirmala Sitharaman in the House, the Congress veteran called Sitharaman «mataji» and said she is an expert in speaking, prompting Chairman Jagdeep Dhankhar to quip that she was more like his daughter.
24.07 / 16:24
UPS
Provident
security
Analysis
Death
social
23 lakh new workers enrolled under ESI Scheme in May this year
Formal job creation under the Employees’ State Insurance Corporation (ESIC) went up by 13.9% to 2.30 million in May this year compared to 2.02 million in May 2023 while month-on-month ESIC registered a jump of 39.9% when compared to 1.64 million formal jobs created in April 2024, the ministry of labour and employment said.
24.07 / 16:07
UPS
Manufacturing
Strategy
WhatsApp
Trade
Radhakishan Damani offloads 1.7% stake in VST Industries, takes home Rs 107 crore
Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. According to exchange data, Damani sold about 2.62 lakh shares or about 1.7% stake in the company at Rs 4,102 apiece. This takes the transaction value to Rs 107 crore.
24.07 / 15:43
UPS
Action
wellness
information
travelers
Updates
Have secrets, will travel? Not so fast, China says
SINGAPORE—China’s government is tightening its rules on the protection of confidential information, including intensified scrutiny on international travel by people privy to state secrets, as concerns over espionage rise amid an increase in global tensions. The changes also put a heavier burden on the country’s internet companies to stop leaks of sensitive information.
24.07 / 15:40
UPS
Ethereum
ETH
ETF
Trade
Bitcoin
ethereum etf
How Did Ether ETFs Do on Day One?
After months of rejections and delays by the SEC, exchange-traded funds based on Ether’s spot price finally launched in the U.S. on July 23.
24.07 / 15:39
COST
UPS
Target
economy
Remark
Cycling
information
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.
24.07 / 15:38
UPS
TikTok
trends
Crocs
beautiful
social
Videos
What’s with everyone buying accessories for their accessories?
It’s no longer enough to accessorize with jewelry or to match the day’s outfit with a cute handbag. The new thing is buying accessories for your accessories. These include lip-balm holders that attach to Stanley tumblers, and charms to decorate the tumbler and the lip balm.
24.07 / 15:22
UPS
wellness
President
How the Budget affects your salaries, investments and taxes
₹1.25 lakh for the financial year now. If you have exhausted the ₹1 lakh limit for the financial year, you will get another ₹25,000 from hereon. This applies to stocks as well.
24.07 / 15:08
24.07 / 14:52
UPS
Mobile
Software
performer
Schools
Features
KPIT Tech Q1 profit jumps 54% on one-time gain, revenue up 24%
net profit at Rs 204.2 crore for the first quarter ending June of the ongoing fiscal year 2025. The profit was due to a one-time income gain of Rs 39.6 crore as compared with Rs 13.4 crore a year ago.
24.07 / 14:48
UPS
Cooper
WhatsApp
RBI cancels licence of Mahabhairab Coop Urban Bank, Tezpur
RBI on Wednesday said it has cancelled the licence of Tezpur-based The Mahabhairab Cooperative Urban Bank due to its deteriorating financial condition. Following the cancellation of its licence, the cooperative bank ceases to carry on banking business, with effect from the close of business on July 24, 2024.
24.07 / 14:47
markets
COST
UPS
social
reports
JK Paper Q1 Results: Net profit plunges 55% YoY to Rs 141 crore
JK Paper Ltd on Wednesday reported a 55 per cent decline in consolidated net profit to Rs 140.79 crore in the June 2024 quarter, hit by a fall in market prices coupled with a surge in wood cost. The company posted a consolidated net profit of Rs 312.56 crore in the corresponding period of the last fiscal, JK Paper said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,804.47 crore against Rs 1,663.97 crore in the year-ago period, it added.
24.07 / 14:46
UPS
Digital
Cooper
Justice
information
Courts
Disbursed Rs 362 cr to depositors of Sahara Group of Coop Societies so far: Amit Shah tells RS
Amit Shah on Wednesday informed Parliament that Rs 362.91 crore has been disbursed to over 4.2 lakh depositors of Sahara Group of Cooperative Societies as of July 16 this year. Shah, in a written reply to the Rajya Sabha, said this disbursement is facilitated through the CRCS-Sahara Refund Portal, which was established following a Supreme Court order on March 29, 2023, aimed at assisting legitimate depositors in reclaiming their funds.
24.07 / 14:45
24.07 / 14:20
UPS
students
Universities
country
Schools
Colleges
Smalltown students benefit as billionaire banker pledges $150M
Byron Trott, who grew up in a small Missouri town and became one of the world’s top bankers, will spend $150 million over 10 years to help more private colleges and public universities recruit rural students.
24.07 / 13:57
24.07 / 13:50
markets
UPS
Reuters
Manufacturing
show
Rupee hits record low against dollar amid global strength, equity outflows
index globally driving down Emerging market currency and likely equity outflows. The local currency ended the day at 83.7175/$1,its weakest closing level and marginally weaker than its close of 83.6875/$1 in the previous session, LSEG data showed.
24.07 / 13:48
UPS
CEO
Election
Trade
President
donates
Oil billionaires bet on Trump’s energy agenda
As Donald Trump accepted the GOP presidential nomination last Thursday, he reminded the megawealthy coterie of oil tycoons backing him why he is their man. “We have more liquid gold under our feet than any other country by far, we are a nation that has the opportunity to make an absolute fortune with its energy," Trump said during his prime-time address. The speech was music to the ears of oil billionaires Harold Hamm of Continental Resources, Kelcy Warren of Energy Transfer, Jeffery Hildebrand of Hilcorp, and George Bishop of GeoSouthern Energy.
24.07 / 13:47
UPS
WhatsApp
show
Karnataka Bank Q1 results: Profit up 8% to Rs 400 crore, NII up 11%
quarter was lower at Rs 559 crore against Rs 601 crore, mainly due to 19% higher expenses against 12% rise in total income. Net interest income was 11% higher at Rs 903 crore. The bank's gross advances stood at Rs 75,455 crore at the end of June, showing a near 20% year-on-year growth. Asset quality improved with gross non-performing assets ratio falling to 3.54% at end of the quarter under review from 3.68% a year back.
24.07 / 13:46
UPS
Progressive
WhatsApp
show
country
Criticism of Budget by Oppn reveals their political frustration, negative attitude towards backward states: BJP
Union Budget and said it reveals their political frustration and negative attitude towards «some backward states» that need special focus and assistance for development. The BJP's reaction comes against the backdrop of the Congress and other constituents of the opposition INDIA bloc accusing the government of presenting a «discriminatory» budget towards opposition-ruled states after Finance Minister Nirmala Sitharaman made a host of budgetary announcements for Andhra Pradesh and Bihar on Tuesday.
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