UPS Financial News

MUMBAI : India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of Bajaj Finance Ltd, India’s largest non-bank, but to Abhay Bhutada, the recently retired chief of Pune-based Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth.

Leaders of two performing arts festivals say that they will gladly give up their grants if Florida Gov. Ron DeSantis restores the $32 million in state funding he nixed for more than 600 Florida arts groups

Lupin Ltd. rose 0.78 per cent to Rs 1793.1 in Tuesday's trade. It hit an intraday high of Rs 1793.6 and low of Rs 1767.15, respectively, during the day. The stock quoted a 52-week high price of Rs 1793.6 and low of Rs 896.3.

Central Cottage Industries Emporium — once fondly known as 'Cottage' to craft lovers all over India — ended in disappointment this week. The unwieldy split-level store was almost entirely empty at 4 pm on a weekday afternoon; and that includes the staff as none were to be seen except for the doorman. The pottery department (my destination) was even more deserted as many shelves were empty, and the rest very sparsely filled. Now that there are crafts aplenty available both online and in stores, heading to a government-owned emporium was perhaps naive. Who goes there these days anyway? Only people of my generation or older, presumably, for whom these were once the only places to access India's amazing traditional art and crafts. The paucity of stores selling crafts in the bad old days of socialism made state emporia the only option for traditional weaves, homeware, and even gifts. Some of them were better than others, of course. During my college days, we were fans of mirrorwork kurtas and shawls from Gurjari; the best Chanderi and Maheshwari sarees were from Mrignayani (Madhya Pradesh), Utkalika was a favourite haunt not only for its Sambalpuri ikat sarees but also for patachitra paintings, Lepakshi for Pochampalli and pearls, Poompuhar for wooden Ganeshas and Tanjore plates, Phulkari for, well, phulkari....

consolidation in the edtech sector, Housing.com cofounder Advitiya Sharma's startup Genius Teacher has been acquired by Schoolnet – an edtech firm that provides digital classroom services to government schools. Multiple deals in the space have closed over the last six to eight months including Google-backed edtech startup Adda247 acquiring testprep player Ekagrata Eduserv, Allen Career Institute buying Peak XV-backed Doubtnut and mid-tier IT services firm Happiest Minds acquiring Macmillan Learning India.

Death by strangulation, decapitation, exsanguination. Buried alive, burned on pyres, crushed by stones, thrown off cliffs. Homo sapiens in nearly every part of the world has practiced human sacrifice at some point over at least five millennia, often killing females in fertility rites or for burial alongside powerful males.

US Independence Day 2024 is going to be celebrated on the Fourth of July, and there are major events already lined up in major US cities for its residents who are in a festive mood. Fourth of July celebrations will include live music events, firework displays, educational events, parades, and so much more as part of paying tribute. However, this day is a federal holiday and therefore, major government-regulated or aided operations, including banking and post offices will stay shut on July 4 on the occasion of US Independence Day 2024. Meanwhile, there were concerns around the stock market in the United States staying open or shut o this occasion. Also Read: Amazon Prime Video in July 2024: New releases, original films, classics, masterpieces and more

₹3 lakh in the northern state, receiving a tax break that only electric vehicles in the state have enjoyed so far. Shares of Maruti Suzki India Ltd closed 6.6% higher on the BSE on Tuesday, while the BSE Auto index rose 2.17%. The UP government on 5 July said it will now fully implement its 2022 policy which waives road tax for EVs and strong and plug-in hybrids.

On Friday afternoon, when many Canadians were lost in weekend thoughts or already on their way to the cottage, Canada’s bank regulator — The Office of the Superintendent of Financial Institutions — announced it will delay for one year implementing the final elements of the Basel III accord.

CESC Ltd.(up 5.74%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.71%), Adani Power Ltd.(up 3.86%), GE Power India Ltd.(up 3.74%), Jaiprakash Power Ventures Ltd.(up 3.27%), Torrent Power Ltd.(up 3.08%), Kalpataru Projects International Ltd.(up 2.44%) and KPI Green Energy Ltd.(up 2.39%) stood among the top gainers.

Whether you're looking to power up faster, protect your device, or amplify your audio, this sale features a plethora of options to suit every need and style. Don't miss out on the chance to save big while upgrading your smartphone with top-quality accessories.

The perfect European, or so the sarcastic quip goes, should drive like a Frenchman, cook like the Dutch, be as organised as the Greeks and as humorous as a German. A variant of the joke might haunt those trying to devise the perfect ally for Ukraine as it fends off Russian aggression. Imagine a country the size of Latvia, with the budget problems of the hard-up Italians, the willingness to pitch in of Kremlin-loving Hungarians and the arms industry of neutral Ireland.

Ajay Kejriwal, CEO, Choice Equity Broking, says that from the investor's perspective, it is going to have an impact, more so from a trader’s perspective, because some traders had that benefit and some did not. Now all will be at par. And though it is minuscule on the client end, it will benefit the traders. Differential offering was the norm. The regulator, Sebi, came out and said no preferential rates, it should be uniform and now some of the biggest voices in technology-backed low-cost broking are coming out and saying that we may have to hike charges. What is the future? Is the zero broking era over and now, even if it is low, charges would have to be levied?

Oil prices rebounded on Wednesday following three days of declines after an industry report showed U.S. crude and fuel stockpiles fell last week, indicating steady demand, and the outlook for interest rate cuts improved. Brent futures rose 21 cents to $84.87 a barrel by 0055 GMT, after falling 1.3% in the previous session.

Siemens AG aims to more than double the share of software and digital services in sales to 20%, and India will play a key role in this strategy, chief executive officer Roland Busch told ET in an interview. The German conglomerate has become the world's largest industrial software company, pivoting from legacy industrials and manufacturing. «India was traditionally known for offshoring software and engineering products… the company is now looking at more of deep technology and development of core products,» Busch said. «We believe that the DNA of Siemens is technology, and this is where the value of Siemens sits.» This part of the business is relatively small but growing rapidly, the CEO said. «We are currently sitting on₹6.5 billion of software and digital business revenues out of a total ₹75 billion for the group. So there's still a way to go, but this part grows faster,» said Busch.

The U.N. intellectual property agency says China has requested far more patents than any other country when it comes to generative AI, with the United States a distant second

Building on the success of its versatile SPARK series, the TECNO SPARK 20 Pro 5G is designed to meet the diverse needs of the Indian market. It features support for 10 5G bands, ensuring broad coverage and blazing fast speeds with Link Booming Technology that boosts internet speed by 50%. The Smart 5G 3.0 technology optimizes usage and extends battery life by 20%, making it a true #5GKaChampion.

Jyotiraditya Scindia on Sunday asked Congress leader Rahul Gandhi to «recognise reality» before making statements, his comment coming a day after the latter said the INDI alliance had ended the BJP's Ram Temple movement by winning Faizabad Lok Sabha seat, of which Ayodhya is a part. During a tour of Ahmedabad on Saturday, Gandhi had also said the Congress will defeat the BJP in its foremost stronghold of Gujarat (in the 2027 assembly polls there).

Pakistan has reached an agreement for a new $7 billion loan deal with the International Monetary Fund

Reasons to buyReasons to avoidThe Samsung Convection Microwave MC28A6035QS features a 28-liter capacity and a ceramic enamel cavity for easy cleaning and durability. It comes with a slim fry technology for healthier frying options and a fermentation function for preparing homemade curd.

electric vehicle (EV) manufacturers, especially as it comes hard on the heels of a plunge in June sales. It's also divided the industry, pitting those that are betting on pure electrics such as Tata Motors against those that prefer the hybrid route, like Toyota and Maruti Suzuki. Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations. UP Govt Holds Meeting with Auto Cos