UPS Financial News

SBI Cards and Payment Services Ltd. traded at Rs 717.5 on BSE at 01:34PM (IST) on Tuesday, down 1.4 per cent. The stock quoted a 52-week low price of Rs 649.0 and a high of Rs 892.75. Earlier in the day, the stock saw a gap up opening.

Capital goods stock plunged up to 8% on BSE in Tuesday's trade after the Union Finance Minister Nirmala Sitharaman proposed to maintain the capital expenditure target at Rs 11.11 lakh crore for this fiscal year as announced in the interim budget in February. While announcing the interim Budget ahead of the Lok Sabha elections, India had proposed boosting the capital expenditure target by 11.1% to record Rs 11.11 lakh crore for fiscal year 2025, banking on its huge multiplier impact on economic growth and employment creation.

The 1922 committee of backbench Tory MPs drew up a timetable for the contest, with the Conservatives opting to use their party conference as the concluding interview round of the final four candidates. Nominations for the next leader will open tomorrow (23 July) and close before the House of Commons starts its summer recess on Tuesday next week. Reeves' fiscal lock legislation deemed 'largely performative' Successful candidates will require nominations from ten fellow Tory MPs to enter the race. The nominations will narrow down to a final two candidates, which will be announced ...

Budget 2024: Bihar bagged Budget goodies more than most others when it shone in the light of the booster doses Finance minister Nirmala Sitharaman announced for the state on July 23.

Fiscal Deficit Target: Aiming to reach a fiscal deficit level below 4.5 per cent of the GDP by 2025-26, Finance Minister Nirmala Sitharaman has lowered the fiscal deficit target for 2024-25 to 4.9, well below the 5.1% budget gap pegged in Interim budget for this fiscal year.

loans of up to Rs 10 lakh for higher education in domestic institutions, the government will provide financial support, announced Finance Minister Nirmala Sitharaman on Tuesday during the presentation of the Union Budget 2024-25. She added that every year, around 1 lakh students will benefit from this through direct e-vouchers that will be distributed to the them with interest subvention of 3 per cent of the loan amount.

BHEL and NTPC jumped nearly 3% to Rs 314.25 and Rs 385, respectively, after Finance Minister Nirmala Sitharaman announced a partnership between the two PSU companies under the Energy Security Scheme in the Union Budget. Sitharaman on Tuesday announced that NTPC and BHEL will set up an ultra-critical thermal power plant using AUSC Tech to promote one out of 9 Budget priorities of Energy security.

Darren Walker, the president of the Ford Foundation, will step down from his role by the end of 2025

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Voters in Washington state will decide this fall whether to keep one of the country's more aggressive laws aimed at stemming carbon pollution

A southern New Mexico village that was ravaged by wildfires in June and then battered off-and-on by flooding across burn scars is cleaning up again from another round of flash flooding

Metaplanet has partnered with Hoseki, a global leader in Bitcoin verification solutions, to allow users to verify the company’s Bitcoin holdings.

A week after Elon Musk endorsed Donald Trump for president, President Joe Biden’s team used Musk’s social media platform X — in addition to more neutral spaces such as Facebook and Instagram — to announce he is ending his campaign for reelection

South Korean prosecutors have arrested the founder of the country’s tech giant Kakao Corp. on suspicion of stock price rigging during his company’s takeover of a major K-pop agency last year

Stocks closed broadly higher on Wall Street Monday, clawing back some of the losses from their worst week since April

wildfires in Alberta are coughing up clouds of smoke that are obscuring the sky and hazardous to health.However, there’s so much smoke that wildfires are being shaded from the sun and daytime temperature highs in some areas are cooler than forecast, leading to reduced fire activity.Wildfire officials say they are expecting “increased and significant fire behaviour” when the smoke clears as hot and dry weather continues.About 7,500 people in Alberta have been forced to flee their homes because of wildfires, with five communities under evacuation orders.That includes all three communities in the Little Red River Cree Nation, which is being threatened by an out-of-control wildfire complex that’s estimated to be more than 960 square kilometres in size.Environment Canada says cooler temperatures are expected to start moving into northwestern parts of the province starting Monday night, though hot conditions may persist through much of the week farther south.

Calgary Flames hockey team.Alberta Premier Danielle Smith and Calgary Mayor Jyoti Gondek joined others Monday picking up a chrome shovel to symbolically turn the sod to launch the multi-year process to replace one of the NHL’s oldest arenas.The new building — to be named Scotia Place — is being built in the shadow of the Saddledome and its iconic saddle-shaped concave roof.“Today is a big day for Calgary. After a decade of talking, Calgary is breaking ground on a new events centre…a project that promises to become a cornerstone of our sports and entertainment district,” said city councillor Sonya Sharp, the chair of the committee overseeing the project.“This is a place where dreams will be realized, where champions will be made and our community will come together to celebrate, to be entertained and to enjoy.”The arena is part of a new $1.2-billion event centre and entertainment district near the city’s downtown.The project plan includes plazas and gathering places, bars, restaurants and retail shops, with the main event centre hosting the NHL team along with other sports, concerts and events.The facility, with a seating capacity of 18,400, is expected to be completed in 2027.

PSU debt funds. These schemes have the mandate to invest at least 80% of their corpus in debt investments of banks, public sector undertakings, and public financial institutions.

Nirmala Sitharaman is set to present her 7th straight Union Budget today, surpassing the record of former Prime Minister Morarji Desai. This is also the first full Budget of the Modi 3.0 government. With the BJP coming to power for the third time, albeit with fewer seats, there were high expectations from the Budget. Many expected Sitharaman to provide much-needed relief to the salaried, middle class, and the common man.

«So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,» says Sandip Sabharwal, asksandipsabharwal.com. What is the anticipation? I know no correction is anything to worry because if election outcome is anything to go by, it will be lapped up in no time. Sandip Sabharwal: So, one is the liquidity story which is the domestic liquidity gushing around. The second is the overall valuations, like Nikunj was saying, like at market cap to GDP of 155% at valuations which are much higher than historical valuations, we need the budget to deliver actually for the markets to move higher. So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant.