UPS Financial News

Bharat Rashtra Samithi is now faced with the defection of its MLAs and MLCs to the ruling Congress in Telangana. Till date, seven MLAs and six MLCs of BRS switched over to the Congress since the Assembly polls. Several other leaders, including BRS Rajya Sabha member K Keshav Rao, his daughter and Hyderabad Mayor Vijaya Laxmi R Gadwal, also joined the Congress. Keshav Rao has, however, quit his post after joining Congress. With the ruling Congress and the BJP looking to consolidate their gains in the Assembly and Lok Sabha polls, the BRS faces an uphill task to resurrect itself following the exodus of leaders.

U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices

Nifty ended Monday’s session flat amid non-directional activity, indicating indecisiveness between bulls and bears and formed a Doji-type candle on the daily chart. The short-term trend of Nifty continues to be positive. There is a possibility of continuation of this range movement for the next 1 or 2 sessions before witnessing further up move above 24,400 levels. A sustainable move above the key hurdle of 24,400 levels could open a sharp up move for the market ahead, said Nagaraj Shetti of HDFC Securities.

Wells Fargo & Co. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis as the lender’s second-quarter results were marred by higher-than-expected costs.

Budget Expectations: As India eagerly anticipates the Union Budget 2024, one area of keen interest for taxpayers, especially corporates, is the refinement of the faceless assessment scheme. Despite its noble intentions and innovative approach, the implementation of the faceless assessment scheme has encountered several significant challenges, which, if appropriately addressed, can pave the way for meeting the underlying intended objectives and play a pivotal role for ‘Ease of Doing Business’ in India. Typically, in case of large corporate taxpayers, before concluding the assessments, the Faceless Officer calls for copious amounts of data, justification etc. from the taxpayer such, as reconciliation of revenue with the GST returns, reconciliation of information reported on the Insight Portal, details of expenses in pre-defined formats etc. These information requests are often issued close to the statutory deadline for concluding such proceedings, leaving taxpayers with very limited time to provide the reconciliation and the necessary supporting documents, ultimately leading to unwarranted additions.

The Supreme Court has agreed to hear an appeal from the adult entertainment industry seeking to upend a Texas law that requires pornographic websites to verify the age of their users

Jubilant Foodworks Ltd. traded at Rs 582.65 on BSE at 02:10PM (IST) on Friday, up 0.18 per cent. The stock quoted a 52-week low price of Rs 420.85 and a high of Rs 587.0. Earlier in the day, the stock saw a gap up opening.

ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech firms like Fibe, in the coming months, said people familiar with the matter. Through this integration, participating banks will offer unsecured personal loans and goods and services tax-based invoice loans, targeting small merchants and retailers in financially underserved regions across the country, they said.

Austin, TX – July 5, 2024 – Dubbz, a pioneer in gaming and SocialFi, has successfully transitioned its $DUBBZ token and blockchain ecosystem from Ethereum to Base, Coinbase’s cutting-edge layer-2 solution.

Kishore Jena will hope to fine tune their Olympics preparations in the Paris leg of the prestigious Diamond League one-day meeting series on Sunday. Reigning Olympic and world champion javelin thrower Neeraj Chopra has opted out of the Paris DL apparently due to adductor niggle that has been troubling him for the past couple of months. Both Sable and Jena have not been in the best of forms and have not competed in too many events ahead of the Paris Games but they would be looking to get acclimatised to the conditions of the city which will host the Olympics. Athletics competitions in the Olympics begin on August 1.

6.67-inch pOLED display, ensuring vibrant visuals with a 120Hz refresh rate and a peak brightness of 1,600 nits. Safeguarded by Gorilla Glass 5, the screen promises durability alongside full DCI-P3 color gamut coverage, catering to discerning users' multimedia needs.In terms of design, the Moto G85 5G weighs a sleek 175 grams with a thickness of 7.59mm, offering a choice between three sophisticated vegan leather finishes: Cobalt Blue, Olive Green, and Urban Grey.Under the hood, the Moto G85 5G packs a punch with the Snapdragon 6s Gen 3 chipset, offering robust performance supported by up to 12GB of RAM and up to 256GB of storage.

EP Wealth Advisors has expanded its presence in Texas as it picks up a $700 million planning RIA firm.

Power Grid Corporation board on Wednesday approved a proposal to increase the borrowing limit to Rs 15,000 crore from Rs 12,000 crore for 2024-25 through various instruments. The board has also fixed the borrowing limit at Rs 16,000 crore for 2025-26. The Board of Directors of Power Grid, in their meeting held on 10th July 2024, have accorded the following approvals for borrowing funds of up to Rs 16,000 crore during the financial year (FY) 2025-26 through various sources, including domestic bonds (Secured/ unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free under private placement), a BSE filing said.

Wells Fargo Advisors’ big bet on stabilizing its sales force of financial advisors by focusing on its independent broker and investment advisor channel appears to be paying off, according to senior executives and industry sources with knowledge of the changes there.

Nifty reversed sharply from the lifetime highs in Wednesday's trading session, however, the recovery was good enough from the lower levels which helped Nifty to recover more than 150 points from its day's low. The rise so far appears to be a 3-wave rising structure on the hourly charts indicating that until the all-time high levels are not taken off there can be selling pressure at the higher levels.

A big gain for Tesla helped drive Wall Street to more records

HDFC Bank, Morgan Stanley has an underweight rating on RBL Bank, Goldman Sachs has a buy call on L&T, and Antique has downgraded Ramco Cements. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on The Claman Countdown.

Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

ACC Ltd. slipped 0.85 per cent to Rs 2743.4 in Thursday's trade as of 01:45PM (IST). The stock hit a high price of Rs 2781.05 and low of Rs 2676.85 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 3.7 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.0 and 52-week low prices of Rs 1763.25, respectively.

₹24.87 trillion, weighed by a fall in corporate and wholesale loans. Total deposits were flat quarter-on-quarter at ₹23.79 trillion. The mismatch in credit and deposit growth has been plaguing the sector for a while now.