UPS Financial News

«We will have a large surge in money coming into India, foreign money coming into India, primarily through the equity route and now increasingly through the bond route as well. And we have now an interim budget upcoming which could lay the foundation for further growth momentum to pick up,» says Mahantesh Sabarad, Independent Market Expert. Let us talk about the market move we have seen today. Slight bit of a subduedness in the middle part of the session, but we are back to almost the day's highest trading point for Nifty. Yet another record high also coming in for Nifty. Do you think this exuberance we are seeing in Nifty is sustainable going ahead given that the budget is just around the corner? Mahantesh Sabarad: There are multiple reasons why the markets are actually upbeat. It is not just today's session. If you look at the past several months, the upbeat market is trying to gauge into the future wherein we have the likely monsoon outcome going to be positive, we are going to have inflation coming down and therefore RBI looking for rate cuts later down in the year, probably post October.

Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, India Cements, Indus Towers, and Piramal Enterprises (PEL). Stocks' Futures & Options contracts enter a ban period when their open interest (OI) reaches 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL.

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...

Shein from selling products on its own app as part of a larger crackdown on Chinese apps following escalated border conflicts between the two countries. Now, Shein has found a safe route to India: Mukesh Ambani's Reliance Retail Ventures, which will launch the Chinese fast-fashion label in the coming few weeks, ET has reported based on information from sources. Ambani's company will sell Shein's products on its app as well as offline stores owned and operated by Reliance Retail. It seems a safe India entry for Shein because this time the ownership and control of the platform will remain with Reliance Retail's subsidiary; the platform will be hosted on infrastructure in India; and all platform data will remain in India, which Shein will not have access to, or rights over, ET has reported based on information from sources.

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

Shares of Persistent Systems Ltd.(up 1.13 per cent) ended the day as top gainers in the pack.

Russia's parliament has approved a bill that would raise income taxes for the rich, in a move to help fill government coffers during the fighting in Ukraine

Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as megacap stocks rallied on data signaling U.S. labor market weakness and pulled Treasury yields lower. Microsoft, Meta Platforms, Amazon.com and Apple advanced, pushing the information technology sector to an all-time high.

There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.

(This story originally appeared in on Jul 01, 2024)

Reno12 Pro will showcase a quad-micro curved display protected by Corning Gorilla Glass Victus 2, while the base model will use Gorilla Glass 7i. Both versions will have a 6.7-inch FHD+ 120Hz AMOLED display capable of displaying 1.07 billion colors with 10-bit panels.

Parliament. The ongoing session, the first after Lok Sabha elections, was expected to be stormy. It lived up to the billing.

Samajwadi Party chief Akhilesh Yadav on Saturday accused the Uttar Pradesh government of trying to hide its failure in the Hathras stampede that killed 121 people by making "minor arrests". Yadav, in a post on 'X', said that it looks like such accidents will continue to happen since the state government does not seem to have learnt from the administrative lapses that led to the stampede. The SP chief also tagged a letter addressed to him in his post on X, in which, Ankit Yadav, a resident of Mainpuri district, claims that his father has been wrongly framed in connection with the stampede, and insists that his father has no link with the incident. In a post on 'X' in Hindi, Yadav said, «To hide its failure in the 'Hathras incident', the UP government wants to shirk responsibility for the deaths of hundreds of people by making minor arrests. If this happens, it will mean that no one has learnt any lesson from the administrative failure in such events and such accidents will keep repeating in the future.»

Reasons to BuyReasons to AvoidOnePlus Pad is the first iteration of a powerful tablet from the brand, and it already is the best tablet to find for gaming and multitasking. It features a powerful Dimensity 9000 chipset that can handle all the games and multitasking without breaking a sweat.

BCCI cannot prioritise one city over another when it comes to organising important finals, said board's vice-president on Friday in response to Shiv Sena leader Aaditya Thackeray's demand. Following a massive turnout during Indian cricket team's T20 World Cup victory parade on Marine Drive to the Wankhede Stadium, Thackeray had urged BCCI to not «take away» any final match from Mumbai. «Yesterday's celebration in Mumbai is also a strong message to the BCCI… Never take away a World Cup final from Mumbai!,» Thackeray had written on X. «It is BCCI's policy that where the final should take place. It cannot always be given to a particular city,» Shukla told PTI on Friday.

Compared with its economic peers, the United States lacks social safety net programs like sick time, vacation time and health care

Indonesia’s anti-graft court has sentenced a former agriculture minister to 10 years in prison for extortion, abuse of power and bribery involving ministry contracts with private vendors

ICICI Lombard General Insurance Company Ltd. gained 1.0 per cent to Rs 1858.0 in Tuesday's trade as of 11:46AM (IST). It hit a high of Rs 1875.15 and low of Rs 1832.05 during the session. The stock quoted a 52-week high price of Rs 1877.0 and a low of Rs 1266.0. The return on equity for the stock stood at 15.72 per cent. About 32,428 shares have changed hands on the counter so far.

India Cements with a target price of Rs 130. The current market price of India Cements Ltd. is Rs 284.65. India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 8810.38 Crore) operating in Cement sector.

hotels in Mumbai are hitting the roof ahead of Anant Ambani’s wedding this week, with hotels experiencing high demand from July 11-17. The wedding is reportedly on July 12 at the Jio World Convention Centre in Bandra Kurla Complex (BKC). Only one presidential suite with a king bed is available at The Four Seasons in Mumbai on July 12, for a whopping Rs 5 lakh a night. This excludes Rs 90,000 in taxes. The Trident in Bandra Kurla has no availability on Booking.com from July 11-12, while the Sofitel Mumbai BKC is available for Rs 66,434 for a night on July 11. The Trident at Nariman Poin is available for Rs 36,875 for July 11, while the ITC Grand Central is available for Rs 25,370. The Oberoi Mumbai is available for Rs 63,130, and Taj The Trees is available for Rs 42,362. A room at the Holiday Inn at the Mumbai International airport is priced at Rs 25,699.