UPS Financial News

capex agenda and retain focus on fiscal discipline, PSU stocks from the stable of railways and defence are leading the bull run with up to 77% return in just one month. A pre-Budget rally has taken most of these PSU stocks to fresh all-time high levels even as purists find the valuations to be quite bizarre when compared to their fundamentals. The current leg of the bull run has been largely led by Modi stocks — being used to denote scrips related to capex and infrastructure-linked sectors.

On 18 June, Milkwood requested the scheduling of a requisitioned general meeting, which is set to take place on 5 August. At the meeting, shareholders will be asked to vote on the appointment of three new directors — Rhys Drennan Summerton, André Charles Tonkin and Paul Shackleton – and the removal of current directors Hugh Aldous and Robert Legget. Additionally, Milkwood has tabled special resolutions aiming to stop the payments of any additional dividends as part of the process to wind up DSM. Downing Strategic Micro-Cap declares special dividends after activist investor blocks c...

We’re witnessing something in today’s markets that has never happened before. Just 10 stocks make up 34 per cent of the S&P 500 index, beating the previous market concentration high of 33 per cent in 1963. These same 10 companies have now contributed to three quarters of the index’s return so far this year, with just one stock — Nvidia Corp. — accounting for nearly 38 per cent of the gains.

Kamala Harris replacing Joe Biden as the official presidential nominee of the Democratic Party? If a crypto-currency based prediction market is to be believed, many of the people believe that she has the potential to replace Biden. The probability of her replacing Biden has increased by all most three times in recent times. The Democrats are nervous ahead of the presidential election in November. Biden’s popularity has reduced to a great extent after the first presidential debate. Polymarket is a crypto-currency based prediction market and it calls itself the world’s largest prediction market. Many others have indicated that Kamala Harris may be the right fit for the job.

BBC has acquired Jean-Xavier de Lestrade's TV thriller "Sambre — Anatomy of a Crime," a series based on true events and focusing on a serial rapist's decades-long reign of terror.

GE Power India Ltd.(up 5.85%), Indowind Energy Ltd.(up 4.98%), Hitachi Energy India Ltd.(up 3.38%), PTC India Ltd.(up 2.93%), GE T&D India Ltd.(up 2.26%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), SJVN Ltd.(up 1.83%), JSW Energy Ltd.(up 1.74%), Inox Wind Energy Ltd.(up 1.73%) and Gujarat Industries Power Company Ltd.(up 1.66%) were among the top gainers.

The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the build

Narendra Modi, senior Congress leader Jairam Ramesh on Thursday said the PM called for consensus outside Parliament but opted for confrontation within it, and if anybody was a "parasite", it was the BJP as its track record shows how it had «eaten up» the regional parties. In an interview with PTI a day after the Parliament session ended, the Congress general secretary, in-charge communications, said the first session of the 18th Lok Sabha had shown that a «new, aggressive, revived, rejuvenated» Opposition had emerged in the form of INDIA bloc. «The first session of the 18th Lok Sabha and the simultaneous session of Rajya Sabha has certainly seen two things — a new, aggressive, revived, rejuvenated Opposition in the INDIA group which is the way it should be in a democracy, but at the same time we have also seen no change in the attitude, approach, behaviour of the non-biological PM,» Ramesh said in a swipe at Modi. The Congress leader claimed that the 2024 election result was a decisive, personal, political and moral defeat for Modi but that was not reflected in the way he allowed Parliament to be conducted.

«We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,» says Abhay Agarwal, Piper Serica. Which stocks are you probably going to keep in the family for a long, long time? HDFC Bank used to be considered a part of that family jewel. You also had the likes of Titan, etc. But all of these defensives are under pressure right now. Do you think it is time to churn the portfolio? Or if you have a long view, should you just stick with them? What is your view? Abhay Agarwal: Regarding HDFC Bank, and not just HDFC Bank but all private sector banks, this is not a buy or sell recommendation. We have not had HDFC Bank in our portfolio since January last year, once they announced the merger with HDFC Limited. The reason is that for large-cap private sector banks, the peak Net Interest Margin (NIM) is already behind us.

Shares of Phoenix Mills Ltd.(up 7.11 per cent), Sunteck Realty Ltd.(up 2.5 per cent), Macrotech Developers Ltd.(up 1.43 per cent), Mahindra Lifespace Developers Ltd.(up 1.09 per cent) and DLF Ltd.(up 0.35 per cent) ended the day as top gainers in the pack.

Sensex fell over 800 points on Wednesday, while Nifty gave up the support at 24,200 to fall more than 1%. Retail investors, who got used to seeing their portfolio going up almost every day, were in for a rude shock as smallcap and midcap indices recorded their worst day in more than a month. The sudden U-turn in the market came after both Sensex and Nifty scaled fresh all-time peaks in the opening session only to gradually succumb to bear pressure.

Motorola is offering an initial discount of Rs. 5,000, reducing the price to Rs. 94,999.

₹6-18 lakh come under the ambit of middle-income group, while those in the ₹6-12 lakh income slab are under the middle-income group-I (MIG-I) and those with income in the range of ₹12-18 lakh fall under MIG-II. Households with an annual income of ₹6-12 lakh per year can currently buy or build a property with a carpet area of up to 90 sq. m under the scheme, while households with an annual income of ₹12-18 lakh per year can build or buy a property with a carpet area of up to 110 sq.

Such parents repeatedly tell children that their lives are dedicated to them. Many are prepared to do whatever it takes to provide what they think is the best for their children. This indulgence begins with birthday parties and treats, moves on to coaching classes and courses of choice, and extends to setting them up and subsidising their adult lives. The less we talk about lavish weddings, the better. Financial planners indicate that children’s education is the top financial goal for most parents. They save aggressively to make this happen. They work well beyond providing reasonably for their children. A combination of factors is at play: parents want their dreams fulfilled by children; they relive their lives through them; they compete in social circles over the accomplishments of their children; they believe that indulging every whim is a mark of good parenting; they suffer the guilt of being away at work and try to make it up to them, opening the door for manipulation. The list that blames the parents is fairly long.

Apple said on Friday it has approved Epic Games' games marketplace app on iPhones and iPads in Europe, after the "Fortnite" maker escalated its feud with the technology giant, accusing it of hindering its efforts to set up a games store on the devices. Apple said the latest spat concerned the Epic Sweden AB Marketplace and has nothing to do with the video games maker's Fortnite app which has already been given the green light.

The first one to arrive at 10 Downing Street for a meeting with the PM, Reyner will also hold the position of secretary of state for levelling up, housing and communities, succeeding Conservative rival Michael Gove. Rachel Reeves was appointed Chancellor of the Exchequer, succeeding former Tory cabinet member Jeremy Hunt. Reeves is UK's first female chancellor in the history of the job and formerly served as shadow minister for Labour for the past three years. David Lammy was also appointed foreign secretary, taking over from David Cameron, and Yvette Cooper is now home secretary. ...

Avenue Supermarts with a target price of Rs 5310. The current market price of Avenue Supermarts is Rs 4778. Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 310650.21 Crore) operating in Retail sector.

IndyCar will unveil its hybrid engine system this weekend at the Mid-Ohio race track

1. LG 1.5 Ton 3 Star DUAL Inverter Window AC Don't miss the Amazon Prime Day Sale pre deals on ACs, featuring the LG 1.5 Ton 3 Star DUAL Inverter Window AC.

According to analysis from AJ Bell, analysts are predicting a 1% dividend growth for the FTSE 100 in 2024 to £78.6bn and a 7% increase in 2025 to £83.9bn. The latter figure remains shy of 2018's all time high of £85.2bn. Global dividends hit Q1 record of $339.2bn UK large cap companies in the FTSE index have already announced plans for £38.5bn to be made available in share buybacks this year, with an additional £3bn in special dividends from HSBC. The FTSE 250 is also forecasting dividends of £10.8bn in addition to the £38.2bn worth of live or completed takeover offers, while the F...

The BSE Sensex hit 80,000 intraday on Wednesday before ending below that mark.It rose 62.87 points, or 0.08%, to end at 80,049.67, having risen to an intraday record of 80,392.64 on Thursday. The NSE Nifty rose 15.65 points or 0.06% to close at 24,302.15, after hitting a lifeti me high of 24,401 during the day.