UPS Financial News

NATO summit in Washington this month but, away from the public stage, the alliance's military planners have been focused on assessing the enormous cost of fixing Europe's creaking defences. NATO leaders agreed plans last year for the biggest overhaul in three decades of its defence capabilities, amid growing fears of Russian aggression.

exporters and industry stakeholders.

₹1,070 crore driven by healthy bookings in this project. It sold six units at Three Sixty West during the quarter (versus eight in all of FY24) for ₹480 crore, giving it an average realisation of about ₹1,28,200 per sq ft of carpet area. Management expects a similar sales run rate in this project in the coming quarters.

Nirmala Sitharaman presented her seventh and Modi 3.0's first union budget in the Parliament, Congress paid tribute to former Prime Minister Manmohan Singh for his contribution in ushering India into a new economic era.

«So, all of these contours or making India a product nation, these perspectives I think were very useful from the budget as well. Some of the clarity, the fleshing out of these medium-term plans should start becoming visible,» says Neelkanth Mishra, Chief Economist, Axis Bank. Let us just begin then with the overall outlook this time around with respect to the Budget and the finance minister clearly retaining the FY25 capex target at about 11.1 lakh crore rupees. How do you believe that one should be reading into the fine print? Neelkanth Mishra: This was the first budget of a new government, so there were two major asks from it or at least two major signals that we were all looking for. One was will the direction of the fiscal maths change? There was I think apprehension among some quarters that the government because of the election verdict would change its stance, so at least on the budget arithmetic it is very clear that the government sticks to the focus on macroeconomic stability on a very relentless focus on bringing down the cost of capital over the medium term and I think some of those changes will start becoming visible in the next year or two.

revenue growth, said a Media Partners Asia report.

real estate sector has cautioned the government that the proposal to remove indexation benefits for long-term capital gains in real estate will hurt the growth of the sector.

Thyrocare Technologies shares jumped 16.75% to their fresh all-time highs of Rs 759 on the BSE after the company posted 46% YoY jump in profit after tax to Rs 24.7 crore for the first quarter ended June 2024. The company’s consolidated revenue has increased 16% year-on-year to Rs 157 crore for the first quarter of FY25 while the gross margins stood at Rs 100.7 crore, up from Rs 87.7 crore in the corresponding quarter of the previous year. This is an increase of 15% YoY.

England batter Joe Root moved seven points closer to top-ranked batter Kane Williamson in the latest ICC Test Rankings among batters issued on Wednesday.

Money talks, as they say, but even $23 billion of it did not convince the founders of Wiz Inc to sell the business to Alphabet Inc, parent of Google. Wiz, a New York-headquartered cybersecurity company that until recently would have been confused with a Hungarian low-cost airline or the name of a rapper, has apparently made the mother of all jiujitsu moves against the acquisitive tech giant.

₹1,000 crore venture fund for startups will further give a fillip to the country’s promising space sector, encouraging deeper public-private relationships. Changes to the Insolvency and Bankruptcy Code (IBC) are on the cards, with the setting up of additional tribunals to tackle pending cases and enhance the speed of the resolution process.

On 3 July, the BSE Sensex, India’s most famous stock market index, crossed 80,000 points for the first time during the course of a day’s trading. On 4 July, the Sensex closed above 80,000 points for the first time. When you have followed the Sensex for as long as I have, such occasions lead to random thoughts—or what in slightly technical terms can be referred to as the benefits of experience.

WASHINGTON—Kamala Harris completed her takeover of the Democratic Party within 48 hours. And there was little standing in her way. Fearful of chaos and losing to former President Donald Trump, Democrats quickly fell in line behind the vice president following President Biden’s Sunday afternoon letter declaring he would not stand for re-election.

Rail unions say that inspections continue to be rushed and a new federal study reinforces that concern with railroads routinely allowing less than two minutes per car for inspections

Budget seems modest by comparison. While the finance minister proposed a slight adjustment in tax slabs and an increase in the standard deduction to ₹75,000—resulting in a reduction of approximately ₹17,500 in tax burden—the changes fall short of the anticipated overhaul.

Several Republican lawmakers seized on gender and diversity, equity and inclusion efforts at the Secret Service as among the reasons for security lapses during the assassination attempt on former President Donald Trump

The hurricane season roared into the U.S. with Hurricane Beryl hitting Texas in early July

Brazil’s Forest Service has announced a plan to bring a massive area of Amazon rainforest currently vulnerable to illegal deforestation under national governance Tuesday

Stocks that traded heavily or had substantial price changes on Tuesday: UPS, Comcast fall; GE Aerospace, Sherwin-Williams rise