UPS Financial News

Tamil Nadu Minister V Senthil Balaji's remand till July 8. He was arrested by the ED last year in a money laundering case. Principal Sessions Judge S Alli, before whom Senthil Balaji was produced by the prosecution through video-conferencing from the Central Puzhal Prison here, also extended his judicial custody till July 8. When the case came up for hearing on Thursday, both sides completed their arguments on the two petitions filed by Senthil Balaji. He had sought to furnish the missing documents in «Relied Upon Document Nos-16 and 17»-copies of counterfoil challans relating to his account that were collected by the Enforcement Directorate in its investigation, to him. The judge posted to July 8, further hearing on another petition filed by Balaji, which sought to defer the present proceedings and adjourn the case to a later date.

Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur among others will be in focus due to various news developments and first quarter updates. BigBloc Construction The Board of BigBloc Construction will meet on July 19 to consider and approve bonus issue of shares.

«In the coming week, we expect stock and sector-specific action as the market starts taking cues from Q1FY25 earnings. On the macro front, investors will look out for inflation data that will be released by India, the US, and China,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Best phones under ₹30,000 in July 2024: With a number of devices launching every week, it can be hard to keep a track of viable options while choosing a smartphone. But fear not! We have got you covered with a list of top 5 gaming smartphones one can buy under ₹30,000.OnePlus 11R comes with a 6.7-inch OLED display with 2772 X 1240 pixels, offering 1450 nits of peak brightness and has a refresh rate of 120Hz. OnePlus 11R 5G features curved edges and a punch-hole cutout at the front.The handset comes powered by the Qualcomm Snapdragon 8+ Gen 1 processor paired with up to 16GB LPDDR5X RAM and up to 256GB UFS 3.1 storage.

As US private equity firms battle to hire junior bankers before junior bankers have even begun their jobs and as junior bankers complain that the big private equity firms aren't even reimbursing their expenses for travelling miles to interviews, maybe there's another way. Maybe you don't even have to actually work in private equity at all.

Pankaj Tibrewal, Founder & CIO, IKIGAI Asset Manager, says durables, some of the value retailers, and some of the names on the staple side would be a good way to create a basket to see the revival in consumption over the next 12-18 months. What is the outlook on the defense basket, the darling of the market last year? For instance, on Thursday we did see quite a bit of fervour building up into these stocks. Are you looking at this space for the long haul as well?

A Malaysian court has dismissed a bid by imprisoned former Prime Minister Najib Razak to serve his remaining corruption sentence under house arrest

It's not just bankers in London and New York who are taking the opportunity to move to boutiques. Paris-based bankers are doing it too. 

Fresh home sales data has finally answered the question for real estate watchers: The Bank of Canada’s initial interest rate cut in June did not open the floodgates to buyers, many of whom remain sidelined through an unseasonably slow spring housing market.

Milking cows has been a tough business in the past decade, with volatile prices, costs rising and workers hard to find. Now America’s dairy farmers face a new problem: bird flu. Avian influenza has hit dairy farms in at least 12 states after being confirmed in March to have jumped to cattle.

WASHINGTON—Facing an uncertain outcome in U.S. elections in November and no clear pathway to NATO membership for his country, Ukrainian President Volodymyr Zelensky appealed Tuesday in a speech at the beginning of the alliance summit to a traditional vision of U.S. leadership.

Keir Starmer, the Labour Party leader on track to be the UK's new prime minister, on Friday thanked voters and said the people of the country are «ready for change» and to «end the politics of performance». Starmer, 61, in his victory speech after winning from Holborn and St Pancras, said whether people voted for him or not, «I'll serve every person in this constituency.» According to the exit poll, which is often quite close to the final tally, Labour could win as many as 410 seats, comfortably crossing the half way 326 mark and notching up a 170-seat majority with the incumbent Tories led by Prime Minister Rishi Sunak down to just 131 seats. «I will speak out for you, have your back, fight your corner every single day,» he said, adding people are «ready for change» and to «end the politics of performance».

Japan's Nikkei 225 share index has closed at another record high, gaining 0.6% to close Wednesday at 41,831,99

Chirag Paswan is among the most popular faces around in Parliament, with the media and visitors reaching out to him. The Cabinet minister, who acted in a movie with Mandi MP Kangana Ranaut as his heroine, is also arguably the most eligible single person in the Narendra Modi government. This factor has been a talking point among the chatterati in Parliament precincts. He, however, appears to have no plans to change his status. Light on tea, high on work During high tea with central government secretaries over the weekend, Prime Minister Narendra Modi is learnt to have kept it light, even quipping how he ruined their near three-month 'holiday' period, when model code was in force, with 100-day agenda work. He, however, did not forget to remind them that they must ensure it is implemented on time.

Shares of Bandhan Bank Ltd.(up 2.23 per cent), Federal Bank Ltd.(up 2.13 per cent), State Bank of India(up 0.91 per cent), Kotak Mahindra Bank Ltd.(up 0.81 per cent) and Au Small Finance Bank Ltd.(up 0.55 per cent) ended the day as top gainers in the pack.

Zomato Ltd. traded at Rs 208.5 on BSE at 11:57AM (IST) on Thursday, up 0.16 per cent. The stock quoted a 52-week low price of Rs 73.05 and a high of Rs 213.8. Earlier in the day, the stock saw a gap up opening.

“The overall structure is still bullish for Bank Nifty. The major trigger was HDFC Bank. Though most private banks have done well in the last couple of days, stocks like ICICI Bank, Kotak Bank, and Axis Bank have also participated in this rally,” says Rajesh Palviya of Axis Securities. Edited excerpts:

U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier

shares of HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals among others will be in focus due to various news developments and first-quarter updates. HDFC Bank

Last checked, US-based Tesla had not taken the bait of India’s policy package unveiled in March to attract global makers of electric vehicles (EVs), though Vietnam’s VinFast may qualify for its benefits—which include low-tariff imports of EVs worth under $35,000 apiece for five years—and Germany’s famous Mercedes-Benz has it under consideration. As reported, Mercedes India’s CEO Santosh Iyer has said the car-maker is ready to invest $500 million, the qualifying minimum, if it could be certain that today’s 5% GST rate for EVs stays in place for at least a decade. In itself, this is not an unreasonable ask.

WestJet says that despite reaching a deal with its mechanics’ union to end the strike that stranded tens of thousands of passengers over the Canada Day long weekend, flights are still likely to face disruptions this week.