UPS Financial News

Edelweiss Financial Services opened a fresh public issue of bonds or Secured Redeemable Non-Convertible Debentures (NCDs) with value of Rs. 100 crores and a green shoe option of Rs. 100 crores, aggregating to a total of Rs. 200 crores. The issue will open on July 8 and close on July 22. It would be issued at a face value of Rs 1,000 each for an amount up to Rs 100 crores. The bonds are rated A+/watch negative by Crisil. A negative Credit watch means the rating may be lowered.

Frozan Ahmadzai is one of 200,000 Afghan women who have the Taliban’s permission to work

volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a «gradual improvement» in demand trends in the April-June quarter, which was on the expected lines. Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue, supported by mid-single-digit volume growth in the domestic market. Marico said its consolidated revenue grew in high single digits in the June quarter, while the domestic business posted a «modest uptick in underlying volume growth» on a sequential basis.

Big Tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning massive tech and growth companies such as Nvidia, Microsoft and Amazon has been a hugely profitable strategy for investors since early 2023, even as the stocks' market dominance has drawn comparisons to the dot-com bubble of the late 1990s.

Indian American comedian has taken the world of comedy by storm, bringing in humor and comedic relief to the seemingly mundane lives of Indian-American housewives and the daily issues in Indian households. From winning the best comedy screenplay at the 2019 Austin Film festival for ‘Rearranged’, her career as a stand up comedian has reached new heights, having performed on ‘The Tonight Show starring Jimmy Fallon’, being named Variety Magazine’s 10 comics to watch in 2023 and being celebrated by eminent figures such as Prime Minister Narendra Modi, Oprah, Karan Johar, Kevin Hart and Bill Clinton.

There’s a buzz in the crypto world about new next-gen evolutions with all kinds of variant forms, all based on the latest blockchain developments. It’s easy to get hyped and start calling new forms overpowered, but those with enough experience in the crypto game know you have to see the mechanics play out in real-time before you start making assumptions. Still, there’s enormous potential, so log in, get your crypto VIP cred up to date, and catch up with the conversation.

Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates

trip to Norway, a place I'd never been. So I did none of my usual obsessive online research and instead asked three AI planners to create a four-day itinerary. None of them, alas, mentioned the saunas or the salmon. Two assistants were, however, eager to learn more about me in order to tailor their initially generic recommendations, which they had spewed out within seconds. Vacay, a personalized travel planning tool, presented me with a list of questions, while Mindtrip, a new AI travel assistant, invited me to take a quiz. (ChatGPT, the third assistant, asked nothing.)

Hong Kong, Jul 05, 2024 -Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Japan's Nikkei 225 ended flat while the broader Topix index, which a day earlier surpassed its previous peak set in 1989, also shed some of its gains.

State Bank of India on Wednesday raised Rs 10,000 crore through the issuance of infrastructure bonds, while two other public sector lenders – Canara Bank and Bank of India – are likely to tap the debt market next week to raise a total of up to Rs 15,000 crore through the same instrument. SBI raised the funds through 15-year infrastructure bonds at a coupon rate of 7.36%, identical to the rate that was set at another infrastructure bond issuance on June 26, also for Rs 10,000 crore, the bank informed exchanges.

Online discounts and promotions will peak this month onwards with brands across smartphones, electronics and apparel rushing to clear off unsold inventory ahead of the upcoming festive season and marketplaces such as Amazon and Flipkart lining up multiple sales events. Industry executives estimate the average online discount in these categories in the forthcoming sales to be the highest since Covid-19 as their sales have been under pressure from January to June.The chief executive of a leading apparel brand said it will clear inventory from 2023 on hefty discounts in the upcoming online sales. “Apparel demand has been subdued for six quarters now and though the industry has rationalised inventory last fiscal, still there is unsold stock,” he said on condition of anonymity. “Discounts on old stock will be more than last year,” he added.

U.S. stock indexes are rising following some mixed signals on big banks’ profits and on inflation

Federal Reserve chair Jerome Powell caught the market’s attention this week when he said that inflation was not the only risk the United States is facing.

The IPO is a mix of fresh issuance of Rs 550 crore and an offer for sale (OFS) of up to 2.16 crore equity shares by promoters and investor selling shareholders.

Mercedes-Benz India MD & CEO Santosh Iyer told the Times of India, «We need to see whether it makes sense… Investments can be done only if the tax advantage of 5% GST on EVs will continue for the next ten years… that gives us confidence.» Iyer added, «This will prompt us to do a business case to start with. Today, there is no business case.»

Gopal's sweets will invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone (MIEZ), being developed by the Royale Estate Group. Spread over 150 acres with a plan to expand it to 500 acres over the next three years, MIEZ's proximity to an International Airport, and other transport him gives advantage of connectivity to all the four states. «With the perishable nature of our products, mainly sweets and other dairy and bakery products, we were looking for the most central and strategic location from where we could serve all the four states within the desirable timelines,” said Sharanjit Singh managing director of Gopal's Sweets Pvt. Ltd. Punjab's green farm products, such as green peas, cabbage, onions and potatoes, which currently go to Rudrapur in Uttarakhand for processing & packaging, will now no longer have to go to Uttarakhand. The new plant at MIEZ will cater for all such operations for the farmers and food growers of Punjab.

Indian benchmark indices soared to fresh all-time highs on Tuesday, led by gains in auto and pharmaceutical stocks. Analysts said the uninterrupted rise in equities since the election results on June 4 has resulted in an overbought market, although a big reversal is unlikely for the moment. NSE's Nifty rose 112.65 points or 0.46% to close at 24,433.20, having hit a lifetime high of 24,443.60 during the day. BSE's Sensex rose 391.26 points or 0.49% to end at 80,351.64, down from an intraday record of 80,397.17.

PLI scheme for white goods (ACs and LED lights) for 90 days based on the appetite of the industry to invest more under the scheme due to the growing market and confidence generated for manufacturing of key components of ACs and LED Lights in India. Leading manufacturers such as Tata-owned Voltas, Daikin, Blue Star, and Dixon Technologies are evaluating whether to make fresh applications, company executives said. These companies are beneficiaries of the first phase of the PLI scheme. ET broke the story in its edition dated June 21.

The data suggested growth in demand for residential properties is not restricted to top seven major cities. As per the data, the sales of housing units in India’s 30 major tier II cities stood at 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year.

1. Black and Decker 7.5 Kg 5 Star Fully-Automatic Top Loading Washing Machine Amazon's current discounts on the Black and Decker 7.5 Kg washing machine make it an attractive option for large families.

this is the ultimate report you’ll need. The reason why I started this editorial with penny stocks is because the semiconductor stock that ace investor Mukul Agrawal is bullish on, used to be a penny stock not so long ago. Back in 2020, when we first wrote about semiconductor stocks and how the theme is expected to pick up in the coming years, this semiconductor stock was trading at around ₹50-60 per share.