UPS Financial News

₹5 lakh in the preceding year, and another 36% (or 24.1 million) fell under the ₹5-10 lakh range. That makes individuals with gross income of less than ₹10 lakh per year the most dominant tax base for the government.

MUMBAI : Mumbai: The Reserve Bank of India’s decision to curtail trading in exchange-traded currency derivatives has surfaced an unintended beneficiary some 4,000 km away—the Singapore Exchange, or SGX. Volumes of rupee-dollar futures on the Singapore Exchange have surged since RBI’s restriction—which came into effect on 3 May—crimped volumes on India’s National Stock Exchange. NSE had enjoyed a 94% share in India’s exchange-traded currency derivatives segment.

Wind energy is booming in Brazil's dry and windy Northeast, but some projects are drawing criticism as it becomes clear that certain communities have benefited while others have not

«Global markets are quite solid. India VIX is relaxed. Momentum, participation, smallcaps coming back yesterday. So, it is a kind of an environment where one should participate, just stick to quality and have risk management in place,» says Gautam Shah, Goldilocks Premium Research. 24,200 on the screen, are you guys riding the rally or are you asking your clients to keep taking profits wherever it is getting way beyond your expectations? Gautam Shah: Well, I think that is the beauty of having some experience, having seen the 2003-2007 bull market and I think with what is happening currently, something similar happened in 2007, which was also a rally of disbelief and the market just carried on to a point where everybody just gave up and felt that the market cannot fall. We are in some sense in that period. But domestic liquidity has really changed the game, the point that I keep making and it has changed the way we look at technical analysis. Honestly, we have been riding the rally right from 5th of June because post the political mandate, it was very clear that the bulls will be back, liquidity will keep pumping in and will keep taking this market higher.

Infosys with a target price of Rs 1920. The current market price of Infosys Ltd. is Rs 1616.25. Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 669451.90 Crore) operating in IT Software sector.

RBC Wealth Management has strengthened its presence in New Jersey by adding a veteran financial advisor and his team to its Paramus office.

₹50,000 crores a day with a notional value to premium ratio of 500+, a really big black swan move (10% lower or upper circuit) could easily wipe out the margin of many option sellers. Retail traders and larger players also sell options in large quantities, and the systemic risk of extreme blow-ups increases with higher option participation. Second, retail investors don’t really need “protection" from overtrading.

The benchmark NSE Nifty 50 fell 0.45% to 24,324 points, while the S&P BSE Sensex settled 0.53% lower at 79,924. Both the indices opened at record highs before reversing course.

hiring prospects in the space by around 15% when recruitment in general continues to remain soft in India’s $250 billion IT services industry. According to data from staffing firms, technology services providers are poised to ramp up ER&D recruitments to sustain and enhance their global competitive edge.

US Independence Day has finally arrived in all its glory and 4th of July will see some amazing events, parades and more set in store for US residents across different states including New York, California, Washington and more. However, this day, which is a federal holiday, gives the opportunity for you to sit in and binge some quality online content at your leisure. Since this is the US Presidential election season, you can watch some dramas with the political flavor to it, to make things a little more amped up.

The Russian prosecutor general’s office has declared The Moscow Times newspaper to be an “undesirable organization.”

food services sector is expected to be worth Rs 7.76 lakh crore by 2028 up from Rs 5.7 lakh crore currently, as per a new food services report released Tuesday by the National Restaurant Association of India (NRAI). As per the India Food Services Report 2024 released by NRAI, the growth of the sector at a CAGR of 8.1% over the next four years will beat the overall GDP growth estimates forecast by RBI. RBI estimates real GDP growth of India at 6.7% in 2024-2025 and 6.5% in 2025-2026. The size of the sector was Rs 4.23 lakh crore in 2019 as per the report and will grow to Rs 6.12 lakh crore in 2025. It is the third largest industry after retail and insurance and will employ about one crore people in the next four years, up from 85.5 lakh currently.

The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 11.48 crore on BSE. The stock traded at a price-to-earnings multiple of 72.2 and a price-to-book ratio of 23.03.

Abdulaziz Almuzaini whose animated show on OTT platform Netflix has won laurels is now facing the prospects of a long prison term on the charges of terrorism. His animated series on Netflix is known for breaking social taboos related to the kingdom. However, an anti-terrorism court deemed certain tweets of his to be an act of terror and has now sentenced him to a prison term. This has raised concerns among various human rights groups who have called for his unconditional release. He had recently secured a contract from Netflix to work on his content which is popular across the world.

Mint, Pawan Kumar Goenka, chairman of Centre-affiliated space activity body Indian National Space Promotion and Authorization Centre (In-Space), said that the body has, as per the norm with government agencies, submitted its demand from the industry with the finance ministry. While In-Space or Goenka did not comment on what demands have been put forth, industry stakeholders said that the upcoming Union Budget is likely to include “strategic incentives that boost domestic demand generation—including funds to incubate new ventures, and direct government agencies to be customers to the industry," a senior government official with direct knowledge of the matter said.

economy ended the first quarter on a strong note with manufacturing sector activity rebounding in June after two months of deceleration while goods and services tax (GST) collections came in strong. Passenger car sales rose further in the month from last year's high base. However, the intense heatwave may have adversely impacted some sectors in the quarter. GST collections rose 8% in June to Rs 1.74 lakh crore from Rs 1.61 lakh crore a year earlier, people aware of the numbers told ET. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last month compared with 328,710 units in the same month the preceding year. A little over half of these volumes, 53%, came from the sale of sports utility vehicles (SUVs).

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to push the market higher on the basis that there could be more government spending to help the rural economy and therefore that would have knock-on effects in other areas as well like affordable housing, affordable housing finance companies.

The Conservatives ended up with 121 seats and came second to Labour, which took 412 seats. Many of the former Tory ministers will remain in the same roles from before the election, with James Cleverly now shadow home secretary, Jeremy Hunt shadow chancellor and Andrew Griffith appointed shadow secretary of state for science, innovation and technology. Keir Starmer names cabinet ministers with Angela Rayner as deputy PM But many former Tory frontbenchers are absent, either due to losing their electoral seat last week (4 July), or having stepped down in the aftermath, causing a mass...

U.S. stocks rose again, continuing Wall Street’s record-setting run

Colgate-Palmolive (India) Ltd. gained 0.26 per cent to Rs 2887.25 in Thursday's session as of 12:23PM (IST) even as the equity benchmark Sensex traded 151.47 points higher at 80138.27. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3068.95 and a 52-week low of Rs 1675.95 on NSE. Around 4206 shares changed hands on the counter till 12:23PM (IST).

Chris Renaud, co-director of Despicable Me 4, regarding the possibility of a fifth installment. Renaud's Insightful Comments on the Future In a recent interview reported by Variety, Chris Renaud shared his thoughts on the future of the Despicable Me series, hinting at the conditions under which a new sequel could come to fruition. «If we come up with a good story, and it feels like we can cover some fresh territory, then certainly it’s possible,» Renaud commented, emphasizing the importance of maintaining quality and innovation in future installments, as quoted in a report by Collider.