UPS Financial News

Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, its investment promotion agency Invest UP said in a statement. Hiranandani group’s Tarq Semiconductor is expected to invest Rs 28,440 crore while Kaynes Technologies subsidiary Kaynes Semicon is set to invest Rs 4,248 crore. Aditech Semiconductor has proposed an investment of Rs 3,751 crore and Vamasundari Investment Delhi has planned to invest Rs 3,599 crore, the statement noted.

20 Microns Ltd.(up 2.36%), Ashapura Minechem Ltd.(up 0.88%), NMDC Ltd.(up 0.48%), Aro Granite Industries Ltd.(up 0.22%) and Coal India Ltd.(up 0.11%) stood among the top gainers.

Indian Oil Corporation Ltd. gained 0.29 per cent to Rs 168.0 in Friday's session as of 11:06AM (IST) even as the equity benchmark Sensex traded 837.05 points higher at 80734.39. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51 on NSE. Around 1559951 shares changed hands on the counter till 11:06AM (IST).

Gautam Adani is looking to start building ships at the group's flagship port at Mundra, also the country's largest, as yards in top nations such as China, South Korea and Japan are booked out until at least 2028, forcing global fleet owners to look at alternate manufacturing sites including India for new vessels. This fits in with India's ambitious bid to become a top 10 shipbuilder as per the Maritime India Vision 2030 and move into the top five by 2047 as detailed in the Maritime Amrit Kaal Vision. India is currently ranked 20th in the world commercial shipbuilding market with a marginal share of 0.05%. Indian-owned and flagged ships account for about 5% of the total overseas cargo-carrying requirements of the country. Adani's previously unreported shipbuilding scheme is tucked away in the ₹45,000 crore expansion plan for Mundra Port that received environmental and coastal regulation zone clearance recently, according to the minutes of the Expert Appraisal Committee (EAC) attached to the ministry of environment, forest and climate change, which approved the proposal May 15.

Nasdaq and S&P 500 rallied to record high closes on Wednesday, fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the Nasdaq's seventh straight record-high close and the S&P 500's sixth straight. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September.

Volvo Cars will launch only electric cars in India going forward and not sell petrol and diesel-powered vehicles in the market “beyond the 2030 deadline”, a top executive said. “The new products that we will bring to the market will be electric,” Martin Persson, head of Volvo Cars for the Asia Pacific (except China) region, told ET. “We still have the ICE (internal combustion engine) products and we think they are competitive for customers who want that. It is not about taking that away. But, at the same time, the future is pretty clear.” Globally, Volvo Cars plans to go all electric by the end of the decade.

GMR Group has signed up as the principal sponsor of the Seattle Orcas for the upcoming Major League Cricket (MLC) season. Seattle Orcas is one of the six franchises in the MLC. As part of this sponsorship agreement, the GMR logo will adorn the arm of the Seattle Orcas' jerseys throughout the season. Additionally, GMR Group will leverage various rights associated with the sponsorship, including LED board displays, award presentations, toss mats, and ticket allocations. Furthermore, with Jio TV serving as the broadcaster in India, GMR Group will have access to advertising spots, enhancing visibility and engagement across international markets.

Mint analysis of data, sourced from primedatabase.com for 281 SME IPOs listed on NSE since 2021, revealed that around 43% of these small businesses saw healthy gains on the listing day, with their closing prices up to 40% higher than the offer prices. Around a quarter of these firms saw gains between 40% and 90%, and nearly 20% soared over 90%. A strong investor appetite fuelled these gians.

Luke Brodie has done his time in financial services and now he's moving on. Not to a hedge fund. To the fire service. 

SBI Cards and Payment Services Ltd. traded 0.87 per cent down at Rs 715.25 on Monday at around 12:17PM (IST), while the benchmark BSE Sensex declined 203.09 points to 79793.51. As many as 9,663 shares changed hands on the counter with a total value of Rs 0.7 crore.

On Tuesday night, the Canadian men’s soccer team will face a historic test when it squares off with Argentina in the Copa America semifinals.

Metal major Vedanta reported a 36% year-on-year jump in alumina production at Lanjigarh refinery at 539 kt driven by new capacity, the company said today in a filing to the exchanges. In Q1FY24, the company had produced 395 kt. It was up by 11% on the quarter-on-quarter basis versus 484 kt in the March quarter.

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, has reduced its stake in Reliance Industries, Bharat Heavy Electricals from its portfolio in June. On the other hand, it added more of ITC to its portfolio. The largest flexi cap fund sold around 12.33 lakh shares of Motilal Oswal Financial Services, 3.14 lakh shares of UTI AMC, 1.30 lakh shares of TCS and 92,750 shares of Hindustan Copper in June. The fund sold 78,750 shares of Bharat Heavy Electricals and 45,000 shares of IndusInd Bank from its June portfolio. The fund reduced its stake in Tech Mahindra and Reliance Industries by selling around 18,600 and 16,500 shares respectively in June.

Prime Day sale, suggesting that the phone will go on first sal either on July 20 or July 21.Rumours suggest that the iQOO Z9 Lite could be a rebranded version of the Vivo T3 Lite, which was launched in India last month. If that turns out to be true, the iQOO Z9 Lite could feature a 6.56-inch HD+ LCD display with a 90 Hz refresh rate.

Hyderabad with large number of fans turning up to the airport to shower the pacer with love and support. After arriving in Hyderabad, Siraj told reporters, «We had to wait 11 years for this moment so I am really happy.» India's 7-run triumph in Barbados over South Africa was their first ICC trophy in 11 years. Before this success, India stood victorious in the ICC Champions Trophy in 2013 under the leadership of MS Dhoni.

Mint Primer: The fallout of India's unpredictable farm trade policy According to one of the officials, the ministry’s budget proposals include the introduction of digital cards for farmers with geo-tagging under the PM-KISAN scheme, increasing the agriculture infrastructure fund, a push to clean plant programme for horticulture crops, including grapes and lemons, and building a team of 90,000 Krishi Sakhis (women associates in the farm sector). However, there is no proposal as of now to increase farmers' income support under PM-KISAN, the official mentioned above added.

GAIL (India) Ltd. traded 0.45 per cent down at Rs 229.45 on Tuesday at around 11:41AM (IST), while the benchmark BSE Sensex advanced 293.8 points to 80254.18. As many as 1,171,790 shares changed hands on the counter with a total value of Rs 27.12 crore.

Play-to-earn (P2E) meme coin PlayDoge ($PLAY) shook off the market downturn and continues to do well in presale, reaching $5.5 million in funds raised.

French President Emmanuel Macron on Monday decided to keep his Prime Minister Gabriel Attal in office after parliamentary elections in which the government's political camp lost its role as the strongest party to the left in a hung parliament. «The President has asked Gabriel Attal to remain prime minister for the time being in order to ensure the country's stability,» Macron's office said in a statement. Attal had already flagged on Sunday he would offer his resignation, which follows French political tradition, but added he was prepared to stay in office longer as a caretaker but it was up to the president to decide.

Generative AI has truly found its ideal vector of distribution in the ubiquitous smartphone, with nearly every brand working to integrate the AI smarts in their devices. Samsung has taken the early lead and has rolled genAI-based features across its latest and older flagship smartphones, while Chinese firms Oppo and Motorola are gearing to introduce the technology in their devices soon. And in the second half of the year, Apple is expected to join the bandwagon with Apple Intelligence, which derives its magic from generative AI and large language models. With these in place, should you be rushing to your nearest store to pick up the latest AI phone? Or just save the cash and download some apps instead? We try to decode.

Several plant-based milks are being pulled off the shelves across Canada due to potential Listeria contamination that has resulted in illnesses.