UPS Financial News

Shares of TVS Motor Company Ltd.(up 2.72 per cent), Bajaj Auto Ltd.(up 1.85 per cent), Ashok Leyland Ltd.(up 1.08 per cent), Eicher Motors Ltd.(up 1.02 per cent) and Balkrishna Industries Ltd.(up 0.95 per cent) ended the day as top gainers in the pack.

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones

Lok Sabha Speaker Om Birla expunged portions of Rahul Gandhi's speech, questions were raised over the efficacy of this move in times of live telecast and digital media. Rule 380 of the Rules of Procedure and Conduct of Business in Lok Sabha vests the Speaker with power to order expunction of words — which in his opinion are «defamatory, or indecent or unparliamentary or undignified» — from the proceedings of the House. Birla ordering expunction of Gandhi's remarks, including on Hinduism, means that parts of the speech will not be included in official record. It also means that expunged parts will be erased from video recordings of Lok Sabha TV. This is done to make it consistent with the official printed version. So while Gandhi may have scored immediate political brownie points with his speech in Lok Sabha, the expunction will mean that official records will not reflect the deleted portions.

Shiba Shootout ($SHIBASHOOT) is blazing ahead, hitting the $600,000 mark in its presale.

Ather, and Bajaj Auto, most e2W manufacturers sold fewer units compared to the same period last year. Hero Electric sold fewer than 1,000 units in the June quarter, down from 6,000 a year ago, while Okinawa sold just 1,400 units versus 8,000. Ampere did not reach the 500 mark, compared to 19,000 units last year. Even TVS Motor's sales dropped to 30,000 units from 35,000 last year. Quoting industry watchers, ET Auto said that the outlook for sales remains the same in the current quarter despite the expectations of the rollout of FAME 3. Any uptick is anticipated in the second half of this fiscal year.

Stocks that traded heavily or had substantial price changes on Friday: AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise

Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September. The Dow Jones Industrial Average closed slightly lower, pressured by selling in healthcare and consumer stocks during a shortened trading session ahead of the Fourth of July. The market will stay closed on Thursday for U.S. Independence Day, keeping trading volumes thin throughout the week.

One of two men accused of conspiring to kill Mounties at the border blockade at Coutts, Alta., characterized the protest as a last stand and told his mother there “will be a war” if police moved in.

Shanghai Cooperation Organisation (SCO) summit in Astana contained the most robust language ever on cross-border terrorism as well as strong references to territorial integrity linked to connectivity corridors in the region, external affairs minister S Jaishankar told ET. He described this as the most satisfying outcome of the summit from India’s viewpoint. “I am happy that Kazakhstan during their chairmanship negotiated an updated programme to combat terrorism, separatism and extremism, which was adopted in the Astana summit,” the minister said. “What is more important is the actual implementation of the programme that we have now successfully drawn up, which includes unambiguous commitment by all the member states in getting rid of all forms and manifestations of terrorism in the region, including cross-border terrorism.” The summit was held in the Kazakhstan capital on July 3-4.

A monthly SIP of Rs 10,000 in ICICI Prudential BSE Sensex ETF since its inception would have been Rs 1.55 crore now. The scheme was launched in January 2003 and has given an XIRR of 14.62% since inception.

Tube Investments of India Ltd. traded 1.87 per cent up at Rs 4232.95 at around 02:09PM (IST) on Friday. The stock had closed at Rs 4313.7 in the previous session. Equity benchmark Sensex traded 316.14 points lower at 79733.53 around the same time.

Hamster Kombat is the latest TON tap-to-earn clicker game to go viral, following on from wildly popular Notcoin, which from nowhere has marched to a market capitalization north of $1.6 billion.

Kamala Harris to the office of the Vice-President in 2020 came as a surprise to many of the conservatives. If Biden were to stand down and be replaced on the ballot box, Harris is likely to replace him as the Democratic Party’s presidential nominee. She is expected to put up a fight in a contest in which she is only narrowly trailing behind Trump. However, there could be historical and sociological reasons that could prevent her victory, according to political analysts.

Reasons to buyReasons to avoidThe TUSA Digital Car Tyre Inflator is a reliable and efficient inflator suitable for various types of vehicles. With a digital display and automatic shut-off feature, this inflator is easy to use and provides accurate results.Reasons to buyReasons to avoidThe Bergmann Typhoon Digital Heavy-Duty Tyre Inflator is a robust and powerful inflator designed for heavy-duty use.

UltraTech is in advanced negotiations with the promoter of Orient Cement Ltd (OCL), his uncle CK Birla, after restarting talks in recent weeks, amid intensifying consolidation efforts in the sector, said people familiar with the discussions. Kumar Birla's renewed efforts to buy Orient are seen as an attempt to trump Adani Cement and consolidate UltraTech’s position in the southern and western markets, especially Maharashtra and Telangana, after buying a 23% stake in India Cements at the end of last month. Adani Cement, which controls India's second largest cement capacity, has been engaged in talks with CK Birla since late last year but is said to have baulked at the valuation sought.

Stocks that are trading heavily or have substantial price changes on Wednesday: Goodyear, Smart Global rise; LegalZoom, falls

Mankind Pharma surged 4% to today's high of Rs 2,187.85, while those of Delhivery rose 2% to its day's high of Rs 403.65 on the BSE after a stake was offloaded in the companies via block deals. Hema CIPEF (I), an affiliate of the US-based Capital Group, likely sold a 0.9% stake in Mankind Pharma through block deals, while Canada Pension Plan Investment also reportedly offloaded a 3.17% stake in Delhivery. However, the official parties involved in the transaction are not yet known.

consumer goods, even as top industry executives said green shoots are becoming conspicuous in rural consumption. Sales volumes in categories like cold beverages, ice creams, talcum powder, cooling hair oils, deodorants and sunscreens rose up to 15 per cent from a year earlier in the quarter amid severe heatwave conditions, according to companies and analyst reports. However, sales of impulse packaged snacks and single-serve packs of beverages took a hit, as harsh weather caused a fall in out-of-home consumption. Sales of household insecticides too was impacted due to delayed onset of monsoon.

Three meetings a day? Luxury!  Any sell-side analyst or capital markets roadshow banker might be permitted to raise an eyebrow at the news that HSBC employees have been reminded at a company town hall meeting that it’s policy to ensure that you have at least three meetings per day to justify the travel costs.  Back in the old days at UBS under Andrea Orcel , bankers were expected to log 300 meetings every year.  Who goes travelling for only one or two client meetings?