UPS Financial News

Israeli forces pounded several areas across the Gaza Strip on Saturday, killing at least 30 Palestinians, according to health officials, as tanks advanced deeper into western and northern Rafah. Among those killed on Saturday were local journalist Mohammad Abu Jasser, his wife, and two children, in an Israeli strike on their house in the northern Gaza Strip, a medic said. Gaza's Hamas-run government media office said Abu Jasser's death raised to 161 the number of Palestinian media personnel killed by Israeli fire since October 7.

Galaxy Z Fold6, now available for pre-ordering, is designed to boost your productivity with its cutting-edge features and innovative design. By integrating a multitude of functionalities to simplify your day-to-day tasks, Galaxy AI positions the Samsung Galaxy Z Fold6 as a significant advancement in smart devices. While the foldable design is, in itself, a key motivator for anyone looking for innovation, its unique blend of form and functionality gives you everything you need and more from your smartphone. Here’s how Galaxy Z Fold6 stands out in terms of design, functionality, innovative AI: Most compact fold so far The Galaxy Z Fold6 boasts a sleek and lightweight design, making it the most pocketable Galaxy Fold device so far.

Jitendra Singh on Saturday said all communities must join hands to fight the menace of terrorism in Jammu and Kashmir. Singh, the minister of state in the Prime Minister's Office, was in Doda, part of his Udhampur parliamentary constituency which was rocked by several terror incidents in over past three months, claiming the lives of 10 security personnel and a village defence guard (VDG). Addressing a public rally before holding a general "public durbar" lasting over three hours, the union minister reaffirmed the revival of VDGs. «The security agencies have a strategy in place to control the security situation in Doda and its adjoining areas in view of the recent incidents of terror, but such strategies are not discussed in public», he said.

Foreign Portfolio Investors (FPIs) have bought Indian equities worth Rs 30,772 crore so far in July, continuing their shopping spree. The total investments by them stand at Rs 33,973 crore in 2024 so far. In June, the FPIs had bought Indian shares worth Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore, respectively. In February and March too they were net buyers at Rs 1,539 crore and Rs 35,098 crore, respectively, after starting the year on a negative note in January, when they offloaded shares worth Rs 25,744 crore.

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said in the seven decades of independence, India left behind its former colonial rulers who had «looted» the country for more than two centuries. Speaking at the second regional industry conclave here, he appealed industrialists to invest in Madhya Pradesh, assuring them of ample water and electricity supply. «We have regained our lost glory by leaving behind in 70 to 75 years those who looted us for 250 years....We are back on track. India is the fifth largest economy now,» he said, apparently referring to India replacing the United Kingdom in the pecking order of global economic powerhouses in the fifth spot after the US, China, Germany and Japan.

Canada’s auto theft problem might be showing signs of easing, but drivers are likely to continue feeling the pinch on their insurance premiums, experts tell Global News.

Your company may be sufficiently insured if your business is interrupted due to data breaches or hacking incidents. But does it also cover losses due to software updates, especially in a world of interconnected devices, where a buggy software update on a central server could impact multiple devices like computers, smartphones, smart kiosks, ATMs, smart TVs, etc., and hence impact many business channels, simultaneously? Under normal circumstances, such a question would sound odd since one would assume that most companies would have insured themselves against data breaches, ransomware attacks, cyberattacks and other such business interruptions or even power outages.

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LONDON : Hours before a star-studded runway show at the Tate Modern museum in May, Gucci’s billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its London office to figure out where one of the world’s most iconic brands was headed. With his wife, actress Salma Hayek, preparing for the show at a nearby hotel, Pinault pushed his team to define where Gucci should position itself in the market: higher than it is but not too high. His executives presented plans to pare back the many iterations of the interlocking GG logo and better harmonize the brand’s aesthetics.

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The mutual fund industry is demanding capital gains tax on the units of debt mutual funds held for more than 3 years to be taxed at 10% without indexation, as applicable in respect of Long Term Capital Gains Tax (LTCG) from debentures. The demand has been raised by industry body Association of Mutual Funds in India (Amfi), which in its proposal sent to the Ministry of Finance has said that it was «logical» to do so as this could encourage retail investor participation in bond markets. «We request for an amendment to Finance Act, 2023 and consider the mutual fund units as securities, with long-term capital tax rate thereon should be according to / in line with the capital gains tax on bonds, debentures, SDL and G-secs etc,» the Amfi budget proposal document said.

Yes Bank today reported a standalone net profit of Rs 502.43 crore for the quarter ended June 30, 2024, which was up by 47% over Rs 342.52 crore reported by the lender in the year ago period. The interest earned in the reported quarter stood at Rs 7,719.15 crore, higher by 19.8% from Rs 6,443.22 crore reported in the corresponding quarter of the previous financial year. Interests expended during the reported quarter stood at Rs 5,475.11 crore, which was up from Rs 4,443.6 crore reported by the lender in the year ago period. This was a 23% YoY growth.

Union Budget 2024: India's ambitious goal of becoming a developed country by 2047 closely aligns with the growth of its real estate sector. Thanks to its impressive economic surge in recent times, supported by the real estate sector's contributions to urban development, it is anticipated that by 2030, 40% of India's population will reside in urban areas. While other growth indicators are on the rise, India’s real estate industry will play a crucial role in achieving the country's sustainable development goals, given that it accounts for 8% of its GDP. Looking ahead, real estate could serve as the cornerstone of a resilient economy, around which all other factors would revolve.

behavioural finance plays a key role in his investment strategy, making him a force to be reckoned with in the finance world. Let's start with your personal story I was born and brought up in Mumbai. My family was in the business of importing and trading dry fruits and spices. I used to accompany my father to his office during my school and college vacation. That gave me an early exposure to business. At an early age of 14, I was fascinated by learning about business management and decided to pursue an MBA after my graduation. However, by the time I graduated, my interest shifted towards finance and capital markets. After completing my MMS (Finance) from Somaiya Institute of Management and Research, I worked as a sell-side research analyst wherein I tracked key sectors like IT and pharma. I came across the concept of behavioural finance in 2004 and decided to move to buy-side or the mutual fund side to learn about how psychology impacts investment decisions.

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MUMBAI : Amit Chandra, partner and India chairman of private equity (PE) firm Bain Capital, began thinking about philanthropy in his 30s. At the time, he was leading investment bank DSP Merrill Lynch in Mumbai. One of his goals then was to lead a large bank by the age of 40, something he achieved at 33.

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shot at Donald Trump, is already host to a traffic jam. Outside the Crookses’ home, dozens of journalists are setting up camp. Five gazebos sit on the carefully manicured grass, providing shade to news anchors, dressed in jackets, ties and comfortable trainers.

₹1,200 crore. It presented an enviable opportunity for both Jumbo and United Breweries. As it turned out, Chhabria used Mallya as collateral.

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NEW DELHI : New Delhi: In a much-required revamp of corporate disclosures, the government has simplified the reporting process for companies on unclaimed dividends, deposits, and share application refunds—a move that will also further smoothen the claim process for investors. To reduce the compliance burden on companies, the ministry of corporate affairs in a recent order simplified how businesses need to report the transfer of unclaimed dividends and underlying shares to a fund maintained by the Investor Education and Protection Fund Authority (IEPFA).