UPS Financial News

Ukraine, a handful of startups are developing Artificial Intelligence (AI) systems to help fly a vast fleet of drones, taking warfare into uncharted territory as combatants race to gain a technological edge in battle. Ukraine hopes a rollout of AI-enabled drones across the front line will help it overcome increasing signal jamming by the Russians as well as enable unmanned aerial vehicles (UAVs) to work in larger groups.

Bajaj Auto dipped by 3.7% to a low of Rs 9,295.50 on BSE after the company posted a consolidated net profit of Rs 1,942 crore, an 18% YoY increase, which led to brokerages hiking target prices to as high as Rs 12,000 for the stock. Consolidated revenue from operations for the quarter stood at Rs 11,932 crore, reflecting a 16% rise compared to Rs 10,312 crore in the corresponding quarter of the previous financial year.

NASA and Elon Musk’s company on Wednesday outlined the plan to burn the space station up on reentry and plunge what’s left into the ocean, ideally at the beginning of 2031 when it hits the 32-year mark. The space agency rejected other options, like taking the station apart and bringing everything home or handing the keys to someone else.NASA gave SpaceX a $843 million contract to bring down the station — the biggest structure ever built off the planet.The space station is already is showing signs of age. Russia and the U.S.

Having survived an assassination attempt, and shown defiance and fighting spirit while under attack, former US president Donald Trump has improved his chances of beating a frail-looking Joe Biden, who struggles to convince American voters that he retains the mental acuity to continue in office for another term. Should Trump emerge as the 47th President of the US, as is highly likely, global geopolitical and geoeconomic conditions would swiftly change, given his economic policy plan announcements. This will impact India directly and indirectly through the global spillovers.

₹12.2 trillion stuck in various tax squabbles, experts said. “Over the past seven years, India's tax framework has undergone significant reforms, yet a persistent challenge remains—the substantial amount of money entangled in litigation," said Saurabh Agarwal, a tax partner at EY, referring to the ₹12.2 trillion, as per data from previous budget documents. “This issue causes financial strain for both taxpayers, who must bear interest on pending liabilities, and the government, which is deprived of these funds for developmental purposes.

Bank of Baroda traded 1.21 per cent down at Rs 255.3 on Thursday at around 12:43PM (IST), while the benchmark BSE Sensex advanced 114.65 points to 80831.2. As many as 406,231 shares changed hands on the counter with a total value of Rs 10.42 crore.

PI Industries Ltd. traded 0.1 per cent higher in Thursday's session at 12:38PM (IST). The stock opened at Rs 3910.0 and has touched an intraday high and low of Rs 3910.0 and Rs 3850.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of 3060.0. About 2,128 shares changed hands on the counter so far.

Lupin Ltd. slipped 1.25 per cent to Rs 1821.35 in Thursday's trade as of 12:48PM (IST). The stock hit a high price of Rs 1844.0 and low of Rs 1821.0 during the session. The return on equity (ROE) for the stock stood at 13.5 per cent. Traded volume on the counter stood at 12:48PM shares and turnover at Rs 1.09 crore around that time. The stock of Lupin Ltd. quoted a 52-week high price of Rs 1847.6 and 52-week low prices of Rs 928.85, respectively.

A wealth manager in Bengaluru chooses to invest the vast majority of his clients’ money through portfolio management services (PMS). Of the ₹2,000 crore he manages, just ₹4 crore is in mutual funds and the rest in PMS. Mint caught up with Ramanan Venkateswaran of Pygmalion Renaissance to find out why.

Usha Chilukuri Vance, the wife of Donald Trump’s vice presidential pick, will step into a glaring spotlight when she introduces Sen. JD Vance on stage at the Republican National Convention on Wednesday night. The Southern California native brings a résumé studded with elite legal credentials to a campaign defined by the former president’s fiery populism.

The corporate tax landscape is undergoing a seismic shift, globally, with the advent of the Global Minimum Tax, also known as Pillar Two. By 2024, this initiative had been adopted by 30-plus countries, signalling the most significant reform of international tax regulations in a century. Prepared under the Organisation for Economic Co-operation and Development’s (OECD) Inclusive Framework, which encompasses over 140 countries, Pillar Two is poised to redefine the fiscal obligations of multinational enterprises (MNEs).

PE (price-to-earnings) multiples. The stock is quite a distance from its previous peak and closer to its 52-week low. You could blame this underperformance on the rising competition in the paint sector, especially with the entry of Grasim, that expects to generate ₹100 bn in gross revenue in three years.

The objective of the scheme is to achieve long-term capital growth by investing in securities of the Nifty India Defence Index in the same proportion/weightage, aiming to replicate the total return of the index before expenses, subject to tracking errors. The scheme will be benchmarked against the Nifty India Defence Index- Total Return Index and will be managed by Abhishek Jain.

Au Small Finance Bank Ltd. traded 0.19 per cent down at Rs 633.3 on Thursday at around 12:02PM (IST), while the benchmark BSE Sensex declined 104.83 points to 80611.72. As many as 29,829 shares changed hands on the counter with a total value of Rs 1.89 crore.

The coming U.S. presidential election, with the growing prospect of a return of Donald Trump to the White House, promises to have profound repercussions for Europe’s security, future trans-Atlantic relations and the conflict in Ukraine—changes with which European leaders are starting to grapple. Trump’s pick of Sen.

Indian Hotels Company Ltd. fell 0.69 per cent to Rs 582.55 in Thursday's session as of 12:18PM (IST) even as the equity benchmark Sensex traded 60.91 points higher at 80777.46. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 663.4 and a 52-week low of Rs 371.45 on NSE. Around 40261 shares changed hands on the counter till 12:18PM (IST).

Havells India Ltd. traded at Rs 1865.7 on BSE at 12:23PM (IST) on Thursday, down 0.47 per cent. The stock quoted a 52-week low price of Rs 1233.1 and a high of Rs 1986.55. Earlier in the day, the stock saw a gap up opening.

landslide occurred in a ghat section of Goa in the wee hours of Thursday following incessant rains, disrupting vehicular traffic movement from the state to neighbouring Karnataka, police said. The India Meteorological Department (IMD) has issued an 'orange alert' for Goa, predicting heavy rains in the next 24 hours. In the last one day, both North Goa and South Goa districts received heavy showers. Ponda taluka in South Goa received the highest 190 mm rainfall, according to the IMD. The landslide occurred near Dudhsagar Temple at Anmod Ghat, located on the southern boundary of Goa, leading to Karnataka, a police official said.

Uttar Pradesh (UP) state executive in Lucknow, UP Chief Minister Yogi Adityanath acknowledged the Bharatiya Janata Party’s (BJP) overconfidence as a factor in its unexpected reverses in the Lok Sabha (LS) polls. This meeting, attended by BJP president J.P. Nadda, highlighted internal tensions amidst accusations and the need for organizational restructuring, a TOI report stated. UP CM Yogi Adityanath candidly acknowledged the overconfidence that may have impacted BJP’s recent performance, pointing out how the opposition, previously dispirited, now appears rejuvenated after their electoral gains. He addressed the “fake narratives” pushed by the opposition, particularly concerning the controversy over reservations. «When we assume with such confidence that we are winning, naturally we have to pay the price. The opposition, which had lost heart before the election, is now working with a renewed spring in their step,» Adityanath stated in English during the meeting.

Kalpataru in Mumbai. ASK Property Fund is a real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group. In a statement, the company said it has invested Rs 190 crore in a project being developed by Kalpataru. «The project is an upper mid-segment project, located in Borivali West, comprising 310 units and is spread across 6 acres with a total saleable area of about 6.5 lakh square feet,» ASK Property Fund said.

silver September futures contracts opened flat on Thursday as the former opened up by 0.4% or Rs 298 at Rs 74,435 per 10 gram while the latter opened up by 0.48% or Rs 438 at Rs 92,380 per kilogram. The yellow metal has gained Rs 1,200/10 gm in the current week after slipping slightly from its all time high Rs 74,731 while silver has surged by Rs 700/kg in the same time period.