UPS Financial News

MUMBAI: The US-based Fidelity Investments’ funds have offloaded shares in HCL Technologies worth 1,788.27 crore in a block deal on NSE Friday. More than 1.24 crore shares were sold at 1,440.5 each, amounting to 0.46% of the total shares of the company. ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.

interest rate sensitivity of a major trading portfolio for state-owned public sector banks and foreign banks increased from September 2023 to March this year, implying greater exposure to the impact that volatility in bond yields can have on profits and capital. «The AFS (available for sale) portfolio's sensitivity (PV01) increased for PSBs (public sector banks) and FBs (foreign banks) since September 2023, while it declined for PVBs (private banks),» the Reserve Bank of India (RBI) said in its June 2024 Financial Stability Report.

According to climate scientists, 2023 was the hottest year ever, and the next 10 years may be hotter if practical steps are not put in place. To support environmental efforts, Chimpzee has introduced a way to make people protect the planet while they earn.

An averted strike at WestJet and fresh data showing punctual performances from major airports and airlines in Canada bode well for travellers gearing up for summer getaways, analysts say.

mutual evaluation report (MER) that the Financial Action Task Force (FATF) adopted at its meeting in Singapore recognised the Indian government's achievements in fighting money laundering and the funding of terrorism, the finance ministry said. «The MER adopted in the FATF plenary places India in the 'regular follow-up' category, a distinction shared by only four other G20 countries,» the finance ministry said in a statement on Friday. «This marks a significant milestone in the nation's efforts to combat money laundering (ML) and terrorist financing (TF).» The MER assessed the effectiveness of India's measures to combat money laundering, terrorist financing and proliferation financing, as well as its compliance with FATF norms, the intergovernmental body said in a statement on Friday. «India has reached a high level of technical compliance with the FATF requirements and its anti-money laundering and terrorist financing regime is achieving good results,» the FATF noted.

food delivery platforms, restaurants and consumer brands are gearing up for a surge in orders as India takes on South Africa in the T20 World Cup final on Saturday. As the national men's cricket team aims to end the drought for an ICC trophy, bars and restaurants that plan to screen the match for fans back home expect to host a full-house and also cater to an increase of 20% to 50% in their online sales. «Events like these often see a joint viewership, and that leads to a surge in large orders with different components as various members have different preferences,» said Sagar Kochhar, cofounder of cloud kitchen startup Rebel Foods, which runs popular brands like Faasos, Behrouz Biryani, Oven Story, and Wendy's India.

World Bank Friday approved a $1.5 billion loan to help India accelerate low-carbon energy development by promoting a market for green hydrogen as well as electrolysers and renewable energy penetration. The green financing will allow the country to scale up renewable energy and encourage finance for low-carbon energy investments, said World Bank India country director Auguste Tano Kouame. The bank's board of executive directors approved the second tranche of financing to support the country's low-carbon transition on Friday.

Bharti Airtel and Vodafone Idea (Vi) increased mobile tariffs by 11-20% and 10-23%, respectively, to boost average revenue per user (ARPU), a day after Reliance Jio announced higher rates, making this the first wide-ranging headline price increase since November 2021. While Airtel and Jio — which dominate the market — say they need to improve returns after paying high prices for 5G airwaves in 2022, Vi is looking to back up its recent ₹23,000 crore equity fundraising efforts as it strives to become more competitive, stem user losses and repair a stressed balance sheet to pay vendors and statutory dues. Analysts said the three telcos will see a 13-17% rise in ARPU with the main effect being felt in second and third quarters of this fiscal year. Airtel and Vi have been vocal about increasing ARPU at an industry level for a sustainable telecom sector.

protein supplements, powders and shakes without authorised medical certifications or with misleading labelling claims, said people with knowledge of the matter. The Food Safety and Standards Authority of India (FSSAI) is set to release tighter regulations on protein supplements, after it conducted a study which revealed that dozens of protein powders and supplements were being sold at store shelves, gymnasiums and e-commerce platforms with false and misleading claims, said one of the persons. «There are a lot of protein products in the market which are more harmful than beneficial,» said an FSSAI official, who did not wish to be identified. «The idea is to have stringent norms so that there is no damage to public health.» The crackdown could lead to a ban on sale of scores of such products which do not meet the new norms, according to people in the know.

NASA astronauts who are struck on a Boeing Star liner aircraft will return by July 20. They have travelled to the International Space Station (ISS). This aircraft can spend only up to 45 days docked to the ISS. Their lift-off was on June 5. There are two astronauts on board this aircraft. Sunita Williams and Butch Willmore were scheduled to stay for a week but the stay was extended due to certain helium leaks and thruster problems. NASA is also experimenting with various US private agencies to launch their astronauts so as to cut down their reliance on the Russians. This has been reported by Fox News.

South Africa, who have a risk of getting poached by some dangerous crime rings operating there. According to reports, the isotopes being embedded will pose no harm for the animals but make them incredibly poisonous for human consumption.

building material has now been researched upon and discovered and all credits of the same goes to the coffee lovers of the entire world. According to reports, tons of ground coffee waste is generated while deriving the cream-layer of coffee for sales. This residual waste was earlier laid to waste but not anymore as Australia's RMIT University researchers have found that this coffee waste can now be used as a construction material that has the ability to be stronger than 30% of other construction materials of today's market, says a TCD report.

Netflix has announced a new live-action series, Soul Mate, which explores a 10-year romance between a Korean man and a Japanese man. This series is part of Netflix's expansion into Japanese content.

The fastest-growing online casino globally, TG.Casino is on fire as football tournaments, airdrop news and booming revenues powers the token 20% higher in the past 24 hours.

Stocks that are trading heavily or have substantial price changes on Friday: Nike, Kura Sushi fall; Infinera, Protagonist Therapeutics rise

NASA says two astronauts will stay in space longer to continue troubleshooting Boeing’s capsule

William Shaw says he has learned his lesson after repeatedly being cited for illegally posting hundreds of signs promoting his suburban Detroit plumbing company

Anupriya Patel of Apna Dal (S), a BJP ally, has raised questions over the recruitment process in UP government jobs, especially those given on the basis of interviews. She said reserved category vacancies were sometimes being filled with general category candidates and the reason being cited is that no suitable reserved category candidate has been found for the post.

Biman Bandyopadhyay has sought the intervention of Vice-President Jagdeep Dhankhar to resolve the stand-off over the oath-taking ceremony of the two newly-elected Trinamool MLAs. Meanwhile, Bengal Governor CV Ananda Bose on Friday hit out at CM Mamata Banerjee, saying, «It is expected of public representatives to abide by the Constitution and not generate erroneous and slanderous impressions, obliquely adverse to the Governor, in public mind». Bose's statement comes a day after Banerjee said that women were scared to go to the Raj Bhawan and the oath-taking ceremony of the two Trinamool MLAs could not be held after they got elected almost a month back. «The alibis floated in public domain are untenable,» Bose posted on X. Bose is now following the X Handle route like former Bengal Governor Jagdeep Dhankhar, to give his statements.

Melania Trump’s absence during the first US presidential debate in Atlanta and her prolonged absence from her husband’s political campaigns has left some people curious. She has not been a part of any major event alongside Donald Trump and this has raised questions pertaining to their relationship. During the event on Thursday, Joe Biden was joined by his wife Jill Biden while Trump was with his advisors. The debate between the two potential presidential nominees ended with Trump having an edge. He appeared to be confident and cornered Biden on many issues.

DORTMUND, Germany: Germany takes on Denmark in the round of 16 at Euro 2024 on Saturday. Germany will have to make changes in defense for the game as it tries to carry the host-nation buzz deeper into the knockout stages. Kickoff is at 9 p.m. local (1900 GMT) in Dortmund. Here's what to know about the match: Match facts — This is the only game in the round of 16 that features two unbeaten teams. Germany finished top of Group A with wins over Scotland and Hungary and a draw with Switzerland. Denmark drew all of its games against Slovenia, England and Serbia. — Germany was eliminated by eventual runner-up England in the round of 16 at Euro 2020 and hasn't won a knockout game at a major tournament since Euro 2016.