UPS Financial News

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Spot gold was nearly unchanged at $2,329.66 per ounce, as of 0152 GMT. U.S. gold futures gained 0.2% to $2,338.70.

Consider a country whose economy has suffered due to years of lower productivity growth than its peers, high inequality and low private investment. To compound its problems, it is not part of dynamic free-trade zones, which would lower its tariffs, push its industry to be more competitive and reduce friction for goods crossing borders. This is the huge to-do-list that Keir Starmer faces as the new Prime Minister of UK, but it is also more or less the challenge that New Delhi confronts.

Tata Trusts has set up an executive committee (EC) comprising chairman Ratan Tata, vice chairmen Venu Srinivasan and Vijay Singh, and trustee Mehli Mistry, said people with knowledge of the matter. The move is aimed at expediting decision making on a day-to-day basis without having to go to the entire board for approvals and ratification, given that there are over 18 trustees across all trusts. Tata Trusts is the controlling shareholder of Tata Sons, the Tata Group’s holding company, Separately, Aparna Uppaluri has stepped down from her role as COO of Tata Trusts citing personal reasons. Uppaluri was appointed in April 2023, and was the first to hold that role in Tata Trusts. Siddharth Sharma, who was appointed CEO of Tata Trusts at the same time, remains in his position. Tata Trusts is understood to be looking for a successor to Uppaluri, executives close to the matter said.

Reasons to BuyReasons to AvoidASUS Vivobook 15 comes with a large 15.6 inches FHD display with nano edge tech that makes the display fees like floating. This thin and light laptop weighs 1.5 Kg and packs a 47 Wh battery that can easily lasts more than 6 hours of usage.

HDFC Bank is conducting a system upgrade on Saturday, July 13, 2024, to upgrade and enhance customers' banking experience by improving performance speed, expanding capacity for high traffic and boosting overall reliability.

Devon Energy is buying Grayson Mill Energy’s Williston Basin business in a cash-and-stock deal valued at $5 billion

It is employment-pass renewal season in Singapore and the new regime dominates after-work conversation on Fridays. From September, overseas employees on a work visa will need to fulfil the city-state’s new points-based system, and earn a minimum salary threshold to stay in their jobs. While this mirrors what happens in other countries, it risks turning foreign companies away and could tarnish the nation’s image as a global business hub.

Is India’s unemployment problem being exaggerated? Going by the latest KLEMS data released by India’s central bank—which tracks inputs of capital, labour, energy, materials and services—that may seem to be the case. It shows employment in the country grew 6% in 2023-24, up from 3.2% in 2022-23. In absolute terms, the economy added 46.7 million jobs in 2023-24, compared with 19 million in 2022-23 and 11.9 million in 2021-22.

courier services such as India Post or Delhivery or DTDC or BlueDart to deliver their online orders. As we order multiple items online throughout the day, it becomes impossible to keep track of every item and the timeframe of when they are getting delivered. We often rely on the company from which we have ordered to keep us informed about the delivery timeline. Using this, fraudsters have come up with another way to dupe people of their hard-earned money. If you regularly order items online, you should know about the latest India Post delivery scam. How does it work? How can you protect yourself? Read here to find out.

Trent Ltd. traded 0.56 per cent lower in Tuesday's session at 12:37PM (IST). The stock opened at Rs 5624.15 and has touched an intraday high and low of Rs 5628.0 and Rs 5552.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 5662.8 and a 52-week low of 1657.25. About 6,140 shares changed hands on the counter so far.

Private equity firm Bain Capital is reportedly on the verge of finalizing a deal to acquire Envestnet, the enterprise wealth tech provider.

Vehicle registrations — a proxy for retail sales — were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their purchases. Data collated by industry body Federation of Automobile Dealers Associations (FADA) showed as many as 1,895,552 vehicles were registered last month, a 0.73% rise from 1,881,883 vehicles sold in June 2023. Two-wheeler registrations increased 4.7% from a year earlier to 1,375,889 units, while three-wheelers posted a 5.1% rise to 94,321 units.

SpecificationDetailsPulling the Legion Go from its box, you're immediately struck by its size. This isn't any pocket-sized plaything. It's a hefty handheld, measuring about 11.8 x 5.15 x 1.61 inches and weighing in at around 840 grams.

17th Odisha Legislative Assembly is set to commence on July 22, 2024, according to an official statement. As per the official notification, the session will begin with Odisha Governor Raghubar Das' address, which will be followed by a motion of thanks on the governor's address. As per the schedule, the Odisha budget for 2024-25 will be presented on July 25.

Donald Trump loves to remind voters that President Biden has overseen the highest inflation in 40 years. But don’t count on Trump, the presumptive Republican nominee for president, to bring inflation down faster than Biden if he wins the presidential election in November. Most economists believe inflation, deficits and interest rates would be higher during a second Trump administration than if Biden remains in the White House, according to a quarterly survey of forecasters by The Wall Street Journal.

A corner of Wall Street long shunned by investors is suddenly in demand. Higher rates over the past two years were expected to slam risky corporate borrowers that rely heavily on floating-rate debt. That hasn’t happened.

HCLTech, India’s third largest software exporter, reported a 6.8% sequential growth in net profit at Rs 4,257 crore, beating ET’s analyst poll estimates of Rs 3,745 crore. A fatter bottom-line came largely on the back of a spike in non-core income in the June quarter otherwise marked by sluggish demand. Revenues and margins declined sequentially. The company’s EBIT came at Rs. 4,795 crore, down 4.4% QoQ & up 7.5% YoY.

Employees at Citigroup’s New York headquarters are facing multiple indignities. Not only does a growing contingent now have to be back in office full time, but to get to their desks, they must walk through a throng of protestors who have been camped outside the bank for much of June. Activists are calling the campaign the “Summer of Heat," vowing to show up outside Citi “week after week" and “month after month" to protest its funding of the fossil fuel industry.

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.