UPS Financial News

India is set to lure billions of dollars more inflows when JPMorgan Chase & Co. adds the nation’s government bonds to its emerging markets index on Friday, opening up a $1.3 trillion market to a broader range of investors. Global funds have already poured close to $11 billion into index-eligible bonds since JPMorgan’s announcement in September. The US bank expects $20 billion to $25 billion to come in over the next 10 months, raising foreign ownership to 4.4% from 2.5% currently.

Taiwanese at a villa in Bali over alleged cyber fraud, authorities said Friday. The proliferation of cyber fraud groups in Southeast Asia has become a growing concern in recent years, and authorities in countries including China, Indonesia and Malaysia have stepped up efforts to stop them.

Domestic benchmark index NSE Nifty gained 72.66 points to 24117.15, while the BSE Sensex traded 220.58 points up at 79463.76.

GMP), initial public offerings are driving FOMO (fear of missing out) like never before on Dalal Street. So far in the six months of the calendar year 2024, SME IPOs have skyrocketed over 1,500%. Out of the 110 SME IPOs that have listed in the first half of 2024, a vast majority of 87 have given positive returns while 43 of them have at least doubled money from their offer price, shows data pulled from the records of PRIME Database.

Marico Ltd. gained 1.21 per cent to Rs 619.05 in Friday's trade as of 10:20AM (IST). It hit a high of Rs 622.1 and low of Rs 610.85 during the session. The stock quoted a 52-week high price of Rs 666.85 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 7,488 shares have changed hands on the counter so far.

Bank of Maharashtra plans to raise up to 10 billion rupees ($119.88 million), including a greenshoe of 7.5 billion rupees, through Basel III compliant tier 2 bonds maturing in 10 years, three people said on Friday. The state-run bank has invited bids from investors and bankers for the proposed bond issue on Tuesday.

stocks and strong support from Reliance Industries (RIL), which was one of the top contributors, just behind Infosys. The 30-stock S&P BSE Sensex reached a new high of 79,396.03 before closing at 79,278.78, up by 604.53 points or 0.77%. Meanwhile, the broader Nifty crossed the 24,000 mark for the first time, hitting a record high of 24,087.45 before ending the day at 24,044.50, gaining 175.70 points or 0.74%.

Sensex and Nifty on Friday rallied for the fifth consecutive day on Friday to scale fresh 52-week high amid buying across sectors and bluechips. Sensex rallied over 250 points to cross the 79,500-level, while Nifty also scaled a new peak of 24,124.25 in the morning session. Within the blue-chip Nifty50 pack, ONGC, Divi's Lab and Coal India were the top gainers by rallying around 2% each. Telecom stocks were in focus today after Reliance Jio and Bharti Airtel raised tariffs. Both the stocks were trading around 1% higher.

₹494.95 per share, 34.13% higher than the issue price of ₹369. On BSE, Stanley Lifestyles share price today opened at ₹499 apiece, up 35.23% than the issue price.Market experts anticipated Stanley Lifestyles share price to open in the range of ₹540 to ₹550 apiece.According to BSE data, 96.98 subscriptions have been received for the luxury furniture company Stanley Lifestyles' initial public offering (IPO) on Tuesday, June 25, the last day of subscriptions.

Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the government should raise the basic exemption limit under the new tax regime from ₹3 lakh to ₹5 lakh to provide taxpayers with more disposable income.

Kohli has scored 75 runs at an average of 10.71 and a strike rate of 100. This is in stark contrast to the veteran batsman's IPL 2024 season, where he scored 741 runs in 15 matches at a strike rate of around 155.Despite the lack of runs during the World Cup, skipper Rohit Sharma backed his star batsman after Thursday's win over England. Speaking to reporters after the match, Rohit confirmed Virat's place for the T20 World Cup final against South Africa on Saturday.Talking about his opening partner's form, Rohit said, “Look he is a quality player, any player can go through that (lack of form).

Joe Biden and his Republican rival, Donald Trump, will meet for a debate on Thursday that offers an unparalleled opportunity for both candidates to try to reshape the political narrative. Biden, the Democratic incumbent, gets the chance to reassure voters that, at 81, he's capable of guiding the U.S. through a range of challenges. The 78-year-old Trump, meanwhile, could use the moment to try to move past his felony conviction in New York and convince an audience of tens of millions that he's temperamentally suited to return to the Oval Office.

The Nifty future closed positive with gains of 0.75% at 24047 levels on Thursday. India VIX was up by 0.78% from 14.04 to 14.15 levels.

Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday. On Thursday, parts of Delhi received spells of heavy rainfall, bringing much-needed respite from the sweltering heat. The India Meteorological Department (IMD) has forecasted the weather for the next seven days in Delhi, predicting generally cloudy skies and varying intensities of rain accompanied by gusty winds.

Gold prices edged lower on Friday but were headed for their third consecutive quarterly rise, while investors looked toward key U.S. inflation data due later in the day that could throw some light on the Federal Reserve's stance on interest rate cuts. FUNDAMENTALS

Upon receiving the information, around three fire tenders rushed to the spot. «Around 5.30 am, we received a call regarding a roof collapse at Terminal-1 of Delhi airport. Three fire engines have been rushed to the spot,» says an official from Delhi Fire Services.

inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.

«So, from valuation standpoint, things do look to be very favourable. But I think Q1 performance is going to be quite muted for FY25 because we have not seen any large ticket films doing well. IPL, World Cup, elections, all these things have been a dampener as far as Q1 occupancy is concerned. Q2 obviously will be better versus Q1. But I think Q3 will be the quarter to watch out for because a lot of the large releases have been pushed to Q3,» says Karan Taurani, Senior VP, Elara Securities. Talk to us about the latest release which has been there, Kalki, and we have been seeing the trailers and all of that, it looks very-very impressive. I am sure you have managed to watch it already. Tell us your feedback and what kind of estimates you have on the box office collections. Karan Taurani: Have not watched it this time around. I am not a regional movie buff. So, I have not caught up on this one. So, I think in terms of box office, broadly, I think the numbers are going to be very good as far as opening is concerned. It is one of its kind. I think this movie is a perfect blend of star power, content which is mythologically content in nature and also the VFX.

Selecting a health plan for kids with special needs Khare has decided to appoint herself, her husband, and two close relatives as trustees to look after her son. "The second line of trustees could be sons and daughters of our siblings, but we never know who would move abroad or stay in India. or be in the same city where my son lives.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions. Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, US jobless claims to SEBI board decisions“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher.

online gaming platforms is acting as a driver of illegal betting and gambling activity in India which is expected to grow at 30% in coming years, according to a new study. According to Delhi-based policy think tank Centre for Knowledge Sovereignty (CKS), in India, despite regulatory restrictions, the illegal better market receives an estimated $100 billion per annum in deposits.