UPS Financial News

India's coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd — a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. However, coal import in May dropped marginally to 26.19 MT, from 26.57 MT a year earlier. «Coal imports… were down 1.43 per cent as against 26.57 MT imported in May 2023,» it said.

Glenmark Pharmaceuticals' board of directors approved the sale of a 7.84% stake or 96,09,571 equity shares, in Glenmark Life Sciences Limited, as stated in its filing to the exchanges on Wednesday. The stake sale will be done through the stock exchanges via an offer for sale (OFS).

Skoda is looking to drive in new models, including the latest version of its premium SUV Kodiaq, in India to bolster its presence in the country. The automaker has already announced plans to introduce a sub-4 meter compact SUV in the country early next year. Skoda already has a presence in the mid-sized SUV segment with Kushaq. In an interaction with PTI, Skoda Auto India Brand Director Petr Janeba said the auto brand is also looking to re-introduce premium sedan Octavia in the market later this year.

electric vehicles, local production of advanced technology batteries and faster procurement of electric buses by public transport networks during the first hundred days in office. Top sources in the know told ET, the schemes being considered for approval include award of 10 GWh capacity under the PLI ACC (Production Linked Incentive Scheme for Advanced Chemistry Cells) to set up local units for making advanced batteries, a payment security mechanism for extending interest-free capital to automakers in case of default in payments by state-transport undertakings which will help facilitate widespread procurement and deployment of electric buses and the third chapter of the Faster Adoption and Manufacturing of Electric Vehicles (FAME 3). All three schemes have been put up for inclusion in the 100-day agenda to accelerate the transition towards clean mobility solution to realise net zero objectives, a senior official aware of the development said, adding, the Prime Minister is scheduled to chair a meeting of secretaries from across ministries later this month to freeze the 100-day plan.

mandi, India's largest vegetable wholesale market, sparking fears that prices could soar in the weeks and months ahead. Supplies from the onion hub of Nashik in Maharashtra have been lower than usual, an official who attended the discussions said, adding though the situation is not alarming yet, the government does not want to take chances. "If this continues for some time, we may ask traders to declare their stocks, and if this fails, the next step will be imposition of stock limits," the official said on condition of anonymity.

TikTok star Taylor Price on why she started helping younger generations to manage their money and best tips for financial freedom.

On the BSE, Natura Hue Chem(down 12.96 per cent), Mega Nirman & Ind(down 9.92 per cent), Integrated Hitech Ltd.(down 9.50 per cent), Sun Tech Over(down 9.43 per cent) and Otco Intnl(down 8.20 per cent) were among the stocks that plunged over 5 per cent during the session.

President. On Thursday, during a late evening press conference at the conclusion of the NATO summit and afterwards, Biden got two names mixed up and this the latest in a series of gaffes which has raised questions on the fitness levels of the president. Many of the democrats feel in private that this may be the last nail in the coffin of Biden’s presidential bid. This was a chance for Biden to not only prove himself but also an opportunity to arrest America’s declining influence in the global area. He appears to have failed in both the tasks.

Vijay Sethupathi's milestone 50th film, 'Maharaja', directed by Nithilan Swaminathan, is gearing up for an OTT release on July 12. Following its release in theaters on June 14, the film has garnered widespread acclaim during its theatrical run and will be available in multiple languages on Netflix. Set in the backdrop of an emotional thriller, 'Maharaja' centers around the enigmatic question: Who is Lakshmi? Vijay Sethupathi delivers a stellar performance in this pivotal role, supported by a talented cast including Natty as a cop, and Anurag Kashyap, Abhirami, Bharathiraja, Munishkanth, and Manikandan in crucial roles. Ajaneesh Loknath's music complements the narrative, while Dinesh Purushothaman's cinematography and Philomin Raj's editing add depth to the storytelling.

Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel.

India-Russia annual summit in Moscow on Tuesday between Prime Minister Narendra Modi and President Vladmir Putin will be on devising mechanisms for the easy and quick transfer of money between the two countries. This has gained significance in the backdrop of the ban on the use of SWIFT by Russia and the unprecedented surge in bilateral trade since the Ukraine war. The two leaders are also expected to initiate a process to allow the use of national currencies by tourists and students, ET has learnt. This will include the use of RuPay cards in Russia and MiR cards in India, according to persons familiar with the matter. While 60% of India-Russia trade is currently in national currencies, the need for real-time and faster payment in the absence of SWIFT has been felt. It is in this context that Modi and Putin are expected to focus on creating a special mechanism, said the people cited above.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

NEW DELHI : Luxembourg-based SES, which has a joint venture with Jio Platforms in India, has applied for a satellite-bandwidth-provider licence to set up a local arm, two senior executives with direct knowledge of the development told Mint. The European firm's entry is expected to bring costs down for domestic direct-to-home (DTH) TV players, who have to lease satellite bandwidth through the Indian Space Research Organisation (Isro). The license, being processed by the Indian National Space Promotion and Authorization Centre (In-Space), will allow the firm to offer satellite capacity directly to its DTH and very small aperture terminal (VSAT) satellite broadcasting clients, including Bharti Airtel Ltd and satellite bandwidth service provider Hughes Communications India.

HDFC Mutual Fund has announced the discontinuation of lumpsum subscriptions and restrictions on systematic transactions in HDFC Defence Fund. The fund house informed about the same to its unitholders through notice-cum-addendum. The changes will be effective from July 22. The fund house mentioned that the requests for fresh systematic investment plan (SIP) registrations in the scheme shall not be accepted from the effective date. The fresh lumpsum investments (including switch-ins) and fresh systematic transfer registrations into the scheme will continue to be restricted. SIPs registered prior to the effective date shall continue to be processed and systematic transactions already registered will continue to be processed.

Most U.S. stocks are rising after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September

Messi and Lamine Yamal both have very important national duties within the next few days, as the finals of Euro Cup 2024 and Copa America 2024 are both happening on Sunday, and their national teams, Argentina and Spain, are both participating in these finals. Both teams will be looking up to both the sensational players as they will be pivotal with their goal-scoring abilities during crucial moments of the high-intensity games.

anime series, My Happy Marriage, have been eagerly awaiting news about the second season. With the first season wrapping up in a thrilling manner, anticipation is high for the next installment. Here’s everything you need to know about My Happy Marriage season 2, including its potential release date, cast, plot, and more. Season 2 Greenlit

T20 World Cup-winning skipper Rohit Sharma has penned an emotional farewell note to the team's former head coach Rahul Dravid, expressing «gratitude» for his man-management skills and for leaving his baggage of stardom outside the dressing room. Dravid, following a nearly three-year long stint as head coach, stepped down at the end of India's title-winning T20 World Cup campaign in the West Indies last month. «My wife (Ritika Sajdeh) refers to you as my work wife and I am lucky to get to call you that too,» the current skipper wrote about his first international captain on his Instagram page. Rohit's tribute was also an indicator of how the player-coach equation works in the Indian dressing room.

LTIMindtree with a target price of Rs 5910. The current market price of LTIMindtree Ltd. is Rs 5475.5. LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 162404.15 Crore) operating in IT Software sector.

A South African restaurant and bar has served up a sandwich that's nearly 10 feet long in the latest offering from an establishment with a taste for the supersized

FOX Business' Madison Alworth discusses Fourth of July barbecue costs on 'Varney & Co.'