UPS Financial News

Roku to celebrate SpongeBob SquarePants' upcoming 25th anniversary. The campaign includes unique features on Roku's platform, aimed at boosting viewer engagement and awareness.

waste management firm ReCircle has entered the textile waste management vertical with a target to process 570 million tonnes (MT) of textile waste in 12 months. The company recently launched Project Extra Life to tackle India’s textile waste problem and build a more sustainable circular economy. Until now, ReCircle has focussed on managing plastic and paper waste. In FY24, it diverted 65,364 tonnes of waste — paper, plastic, cardboard and e-waste. “We’re constantly innovating to digitise the waste supply chain, create meaningful opportunities for informal waste workers, build a closed-loop system to extend the life cycle of waste and empower India to move towards a circular future — one piece of trash at a time,” says Rahul Nainani, Co-Founder & CEO, ReCircle.

companies in India are tapping the talent pool of ex-service personnel as they embark upon the next phase of growth. Reliance Industries hired nearly 2,000 ex-service personnel in FY24, up by a third in one year. At 7,500, it employs the largest number of former defence forces personnel in any Indian company. According to industry sources, several Tata Group companies, automakers such as Maruti Suzuki, and others like the Adani Group, RPG Group, Vedanta, Sodexo and state-run ONGC hire ex-service personnel.

market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The market valuation of TCS jumped Rs 38,894.44 crore to Rs 14,51,739.53 crore, becoming the biggest gainer among the top-10 firms.

Reasons to BuyReasons to AvoidThe Dell G15-5530 Gaming Laptop is designed for gamers and power users, featuring a 13th Generation Intel Core i5-13450HX processor, 16GB of DDR5 RAM, and a 512GB SSD for fast performance. Its NVIDIA RTX 3050 graphics card with 6GB GDDR6 ensures smooth gameplay on its 15.6 inch FHD display with a 120Hz refresh rate.

HDFC Bank after the Street was disappointed by the lenders' weak Q1 update. Sensex dropped over 500 points to 79,505, while the Nifty50 fell 183 points to slip below the 24,200 mark.

Indowind Energy Ltd.(up 9.97%), KEC International Ltd.(up 5.65%), Hitachi Energy India Ltd.(up 5.38%), Karma Energy Ltd.(up 4.99%), GE T&D India Ltd.(up 3.27%), Indo Tech Transformers Ltd.(up 2.15%), KPI Green Energy Ltd.(up 1.77%), PTC India Ltd.(up 1.51%), NLC India Ltd.(up 1.43%) and Voltamp Transformers Ltd.(up 1.35%) were among the top gainers.

Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health among others will be in focus due to various news developments and first quarter updates. Bajaj Finance Bajaj Finance reported a 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024 at 10.97 million compared to 9.94 million in the corresponding period of the last financial year.

Vehicular movement on the Badrinath National Highway in Chamoli district has been blocked due to the falling and piling up of debris at five places in Chamoli district. Taking to the microblogging site, Chamoli Police, Uttarakhand, posted on X, «The Badrinath National Highway has been blocked due to debris near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala and Helang in Chamoli district.» The disruption has affected the busy routes, leaving many commuters and locals stranded.

Donald Trump's potential return to the White House, more of NATO's European members are finally hitting the alliance's defence spending target. But as leaders gear up to celebrate at a NATO summit in Washington there is a clear feeling that will not be sufficient to tackle the challenges it faces. «Even in countries historically reluctant to spend more on defence, there is now a growing sense of the importance of greatly increased defence spending,» said Ian Lesser, from the German Marshall Fund of the United States think tank.

regional labour commissioner, Chennai, in its submission to the central labour ministry on Wednesday, said there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn’s Chennai iPhone factory. The ministry, however, is awaiting the response from the state government following which it will firm up its observations on the matter for submission to the National Human Rights Commission. “After reviewing the submissions, records, and statements from married female employees, the report concluded that there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn Chennai iPhone factory,” the regional labour commissioner said in its submission.

Payeer allowed Russian customers to carry out transactions in Russian roubles to and from EU-sanctioned Russian banks, according to Lithuania's Financial Crimes Investigation Service (FNTT).Russian individuals and legal entities were also offered the chance to receive crypto wallet, account management and storage services, says the FNTT.Over a period of around 18 months, Payeer had at least 213,000 customers, and the company's revenue reached more than EUR164 million.

Spain midfielder Dani Olmo said on Friday that the team enjoyed the challenging path they faced to reach the Euro 2024 final, winning a tough group and taking down Germany and France, and are pumped up for their clash against England on Sunday. Olmo came on as a substitute to grab a goal and an assist to help Spain beat the hosts in the quarter-finals and scored the winner against France after they had initially gone behind. The 26-year-old said that doing things the hard way was the perfect motivation for a competitive group of players.

Union Bank of India has received bids for five of the 25 non-performing asset (NPA) accounts it put up for sale. The accounts that received bids from asset reconstruction companies such as JC Flowers ARC includes Jaypee Healthcare, Saraiwwalaa AGRR Refiners Limited, RCM Infrastructure and is looking to recover 15%-89% by selling these accounts. Prudent ARC submitted a bid for Saraiwwalaa AGRR Refiners, while JC Flower Asset Reconstruction Limited bid Rs. 61 crore for JP Healthcare. Maximus ARC Limited placed a bid of Rs. 27 crore for RCM Infrastructure. CFM ARC bid Rs. 16.29 crore for Green World International and Ramchand Baboo Mall & Company. All bids fall under the 100% upfront cash category. The bank received the bids on June 27 and plans to proceed with the Swiss auction based on the anchor bids on July 5. The highest bids received for each account will serve as the floor price during the auction. During the Swiss challenge, if a counter bid exceeds the floor price by a minimum markup of 5% to 15%, the original bidder will be given a chance to match the counter bid. If the original bidder matches the counter bid, they will be declared the successful bidder. If no counter bids are received, the original bidder will win by default.

Speaking in a weekly webinar held by QuotedData, Train argued that portfolios «never really stay stable long enough to get the benefit of a good investment», as a result of trading too frequently.  He noted that some investors tend to overdiversify their portfolios, which can often result in unintended changes in holdings ratio. «Suddenly [you] look up and realise, ‘I thought I was running a concentrated portfolio, but actually I have got 70% stocks now and I do not really know why I own half of them',» Train stated. «We have disciplined ourselves to try and avoid those types of mista...

Featuring renowned brands such as Samsung, realme, Redmi, and Vivo, this list ensures you get the most value for your money. These smartphones combine advanced features with affordability, making them ideal for users seeking high performance without the hefty price tag. So, without wasting any time let’s dive into our recommendations to discover the perfect smartphone that meets your needs and fits your budget.

₹2.65 crore (ex-showroom) in India. Additionally, Land Rover has announced a special Defender Octa Edition One, available only in the first year of production, with an estimated price of ₹2.85 crore (ex-showroom).Bookings for this SUV will open soon, though exact dates remain undisclosed.

China's central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday. The pause by the People's Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand from other central banks, contributed to the gold rally from March to May. China held 72.80 million troy ounces of gold at the end of June, unchanged from the end of May, the data showed. The value of China's gold reserves fell to $169.70 billion from $170.96 billion.

U.S. stocks are moving higher, sending Wall Street toward more records

Andhra Pradesh Chief Minister N Chandrababu Naidu on Sunday said the Telugu Desam Party will soon regain its past glory in Telangana also. Addressing TDP workers here, Naidu said the party was born in Telangana (four decades ago) and soon it will be restructured. TDP did not contest the Assembly polls in November 2023 and the Lok Sabha polls this year in Telangana for a variety of reasons. The party is currently headless after Kasani Gnaneshwar resigned as the state president before the Assembly polls last year. «TDP which was born for Telugu people should be in Telangana. I am asking you whether the party which was born on the land of Telangana should function or not (in the state)? There were several people who worked for the party. We will restructure the party very soon (in Telangana),» Naidu said amid cheers by the party cadre.

With ESG continuing to be a divisive topic among investors, a recent InvestmentNews Award winner is adding gasoline to the fire.