UPS Financial News
12.07 / 17:25
UPS
Provident
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Updates
US would keep more hydropower under agreement with Canada on treaty governing Columbia River
The U.S. and Canada say they have agreed to update a treaty that governs the use of one of North America’s largest rivers, the Columbia, with provisions that officials said would provide for effective flood control, irrigation, and hydropower generatio...
12.07 / 17:24
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Share price of SRF jumps as Sensex gains 171.76 points
SRF Ltd. gained 0.94 per cent to Rs 2403.95 at 12:02PM (IST) in Thursday's trade. The scrip has hit a high of Rs 2404.7 and low of Rs 2372.65 so far during the session. The stock had closed at Rs 2381.45 in the previous session. The counter has had a total traded volume of 1926 shares so far with a value of Rs 0.46 crore on the NSE. It traded at a price-to-earnings multiple of 53.16 and a price-to-book ratio of 6.63.
12.07 / 17:24
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Unacademy's Kota teachers were among the highest-paid. They now face a pay cut
Mint spoke to three senior teachers at Unacademy who, along with about 60 others, were informed of their salary cuts in mid-June over a video call . The firm that had recruited faculty members at a frenetic pace in 2022, is now facing a sluggish student admission numbers. "So far 7,000 students enrolled in Kota this academic year, versus 10,000 last year," said a senior Unacademy faculty member who has taught in the coaching centre for more than two years.
12.07 / 17:24
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FIVE
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Headlines
Mbappé and France into Euro 2024 quarterfinals after Muani's late goal beats Belgium 1-0
Mbappé and France advanced to the European Championship quarterfinals after Randal Kolo Muani's deflected shot secured a 1-0 win over Belgium on Monday. Kolo Muani sent in an effort in the 85th minute that looped up off Belgium defender Jan Vertonghen and over stranded goalkeeper Koen Casteels. France will play Portugal or Slovenia in the quarterfinals on Friday.
12.07 / 17:21
12.07 / 17:21
UPS
trends
social
stars
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Equality
Jude Bellingham new socks become social media sensation after Euro 2024 semifinals, what's so special about it?
England managed to reach the finals of Euro Cup 2024 by successfully beating Netherlands 2-1, following one controversial equalizer from Harry Kane from the penalty spot, and the other being a 90th minute goal by Ollie Watkins, that sealed the deal for The Three Lions. However, this was not the only thing England fans were talking about post-match. According to a Daily Star UK report, netizens were eyeing the new pair of socks worn by Jude Bellingham during the game against Netherlands. Although he went goalless during this game, his socks somehow made up for it as the 'holes in his socks' made him appear as a '15 year-old emo' according to social media users.
12.07 / 17:19
markets
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pandemic
Trade
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International
Crazy rich Indians' esoteric requests are fuelling the concierge services market
₹3.5-35.0 lakh annually, claims to have several thousand ultra high net-worth individual (UHNWI) memberships in India. "Don't ask us how we get a special confectionery cake from Dubai overnight or how we jump the queue to procure the sought-after Birkin bag or how we can get an extra table put at a Michelin-starred restaurant. That's the trade secret.
12.07 / 17:19
12.07 / 17:17
UPS
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Platform
wellness
shooting
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International
Existing investors throw lifelines to late-stage startups in choppy waters
₹105 crore. The cloud-based technology venture that converts standard websites into mobile-ready versions, started in 2009 as Mobstac. It had raised its first seed venture capital funding at a valuation of ₹7.7 crore, led by Accel and Mumbai Angels, with Blume Ventures joining in a secondary sale of shares later that year.
12.07 / 17:16
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Buy Hindalco Industries, target price Rs 800: Motilal Oswal
Hindalco Industries Ltd. with a target price of Rs 800. The current market price of Hindalco Industries is Rs 693.05. Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 155799.52 Crore) operating in Metals — Non Ferrous sector.
12.07 / 17:15
UPS
Provident
Platform
Mobile
Bill
Mint Explainer: Why telcos seek fair share on top of bundled OTT plans
NEW DELHI : Bundled tariff plans that include access to content-streaming apps are in vogue. They generate additional revenue for the telecom operators as users tend to upgrade to higher-paying plans for more data. And for consumers, they mean sheer convenience—they get only one bill for mobile services, internet and all over-the-top (OTT) app subscriptions.
12.07 / 17:15
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Updates
Titan slips on dull Q1 update; competition clouds loom
elevated gold prices, up about 20% year-on-year, and their continued firmness have impacted consumer demand. This, along with a lower number of wedding days versus last year’s same quarter, curtailed growth this time around. In the near term, when Q1FY25 results are announced, jewellery margins will be in focus.
12.07 / 17:12
markets
UPS
trends
Peel Hunt: Reversal of UK economic trends 'vital' as M&A contributing to UK equity outflows
UK M&A activity has skyrocketed in the first half of 2024 as 32 transactions of over £100m were announced in the six-month period, placing the UK second behind the US by value globally. Recent large bids for Hargreaves Lansdown, Darktrace and DS Smith are notable contributions to this activity. FTSE 'paddling sideways' as dividends propped up by takeovers and buybacks Large-cap companies dominated the transactions list for H1, as 17 of the 32 transactions were FTSE 350 companies, compared to three in the FTSE SmallCap and ten on the Alternative Investment Market. This marks a signi...
12.07 / 17:12
UPS
Manufacturing
economy
Sustainability
country
India can become world's 2nd largest economy by 2031: RBI deputy guv Michael Patra
Reserve Bank deputy governor Michael D Patra. India, however, will have to overcome various challenges with regard to labour productivity, infrastructure, contribution of manufacturing sector in GDP, and greening of the economy for sustainable development, he said in his address to the officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie. «Given the innate strengths, I described and the resolve to achieve its aspirational goals, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031 and the largest economy of the world by 2060,» he said. The senior RBI official further said it has been estimated that if India can grow at the rate of 9.6 per cent per annum over the next ten years, it will break free of the shackles of the lower middle income trap and become a developed economy.
12.07 / 17:10
UPS
Progressive
country
cover
Department
Monsoon covers entire India six days ahead of schedule: IMD
southwest monsoon has covered the entire country six days ahead of the normal date, the India Meteorological Department said on Tuesday. «The southwest monsoon has further advanced into the remaining parts of Rajasthan, Haryana and Punjab today. Thus, it covered the entire country on 2nd July 2024, against the normal date of July 8 (six days before the normal date of covering the entire India),» the IMD said in a statement. The monsoon arrived in Kerala and the northeastern region on May 30, two and six days earlier than usual. It progressed normally up to Maharashtra but lost momentum, extending the wait for rains in West Bengal, Odisha, Jharkhand, Bihar, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh, and worsening the impact of a scorching heat wave in northwest India.
12.07 / 17:10
UPS
security
Sustainability
BABA
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Courts
UP Hathras stampede: Crowd rushed to seek blessings from 'Bhole Baba', says Sub Divsional Magistrate report
Hathras claimed the lives of 121 people, the Sub Divisional Magistrate (SDM) of the Sikandra Rao division of the district submitted a prime facie report to the District Magistrate of Hathras on Wednesday. The prime facie report suggests that the stampede occurred as devotees rushed to seek blessing from 'Bhole Baba', the preacher at the religious congregation Satsang, as he was about to leave the venue after the prayer. The preacher 'Bhole Baba' identified as Suraj Pal is also known by the names of Narayan Sakar Hari and Jagat Guru Vishwahari.
12.07 / 17:08
UPS
Food
wellness
reports
travelers
Investigations
China investigating after media report finds same trucks transport edible oil and a form of coal
China’s authorities are investigating food safety concerns in cooking oils after an investigative report from local media revealed that tankers carrying soybean oil from a major state-owned company were also used to carry a form of coal
12.07 / 17:08
UPS
CEO
Deloitte
trends
students
reports
IIT graduates feel pay pinch as top offers dry up
Indian Institutes of Technology (IITs) have dropped. For the class of 2024, the annual pay is in the range of ₹15-16 lakh, according to separated studies by Deloitte and TeamLease. Compensation for graduates from top 10 engineering institutes, of which eight are IITs, as ranked by the National Institutional Ranking Framework has declined marginally for the class of 2024, according to Deloitte campus workforce trends 2024 study. «They can expect a median compensation of ₹16.3 lakh per annum in 2024 as per our study,» said Neelesh Gupta, partner, Deloitte India. Annual pay is down to a median ₹15-16 lakh compared with ₹18-20 lakh in 2023 at old IITs, as per a TeamLease Services study conducted in May shared with ET.
12.07 / 17:06
UPS
Action
Sony
AirPods
performer
innovations
travelers
7 essential travel tech items to pick for your next trip
₹1,999), portable Bluetooth speakers (JBL has a neat range starting at ₹2,999, for instance), noise-cancelling headphones (Apple AirPods Max at ₹59,900, Sony WH-1000XM5 at ₹29,990, et al), and more. There are many more innovative gadgets that can improve your overall travel experience, during your commute and stay. Think of them as extra toppings on your travel pie.
12.07 / 17:04
12.07 / 17:03
UPS
Food
Death
Celebrity
reports
gatherings
Hathras and the tragic history of major stampedes at religious events in India
stampede at a Hindu religious gathering in India's northern state of Uttar Pradesh on Tuesday, authorities said, in one of the worst such tragedies in recent years. The stampede happened in a village in Hathras district, about 200 km southeast of the national capital New Delhi, where authorities said a large crowd had gathered on an open area of land in response to a call from a religious leader. Here is a list of major stampedes in India over the years, most of them at religious festivals or gatherings: JANUARY 2005: More than 265 Hindu devotees were killed and hundreds more injured after a stampede at the Mandhardevi temple in Wai town in the western state of Maharashtra. The stampede was caused by slippery steps leading up to the temple, media reported at the time.
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