UPS Financial News

indices closed at fresh highs on Thursday, with Nifty and Sensex crossing the 24,000 and 79,000 milestones, respectively, for the first time, maintaining their bullish momentum since the election results earlier this month, amid high expectations from the budget after President Droupadi Murmu's speech in Parliament Thursday. Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers.

HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement among others due to various news related developments. India Cements Ace investor Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements through a block deal to Ultratech Cement.

India Cements is in advanced talks with Bank of America (BofA) and Nomura to raise up to ₹500 crore in bonds, with each investing ₹250 crore. The bonds, which could be raised at more than a 15% coupon, will be used to fund both working capital and capital expenditure, said two sources aware of the development. «India Cements is in advanced discussions with BofA and Nomura to raise the debt by issuing bonds, which could be borrowed at 15%,» said a source.

Donald Trump's from-the-hip style may start making financial markets volatile again — and that's just fine for a breed of global fast-money traders who thrive on that. With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the Republican's return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.

Currently, the tokenised assets sector is mainly made up of traditional assets like US treasuries and money market funds. However, the supply side is still in its infancy, with the total value of tokenised assets (excluding stablecoins) standing at just $5 billion in early 2024.However, the paper argues that growing industry digitisation and the specific features of real-world trade finance assets, make it an ideal category to originate tokens.Currently, trade finance assets are underinvested due to lack of familiarity, pricing inconsistency and operational intensity.

Chewy shares rallied dramatically on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X that resembles the logo of the online pet food retailer, but the gains were quickly erased later in the session.

Netflix renews its unscripted dating series "Perfect Match" for a third season. The show, which debuted last year, quickly became popular, securing a spot at No. 2 on the English-language TV rankings for the streaming platform.

The Sealana (SEAL) community is buzzing with excitement as the presale enters the final countdown before the highly anticipated airdrop.

England's lethal batting order to win their semi-final clash by 68 runs. The Men in Blue set a 172-run target for the Three Lions despite losing early wickets. England captain Jos Buttler won the toss and chose to send India out to bat first, with the Rohit-led side managing a 171 run total on the back of sublime performances from the captain and Suryakumar Yadav. All-rounder Hardik Pandya smashed a late 16-ball 23 to set up the chase. Chris Jordan was the stand out performer for the Brits, grabbing three wickets in just as many overs, giving away only 37 runs. Rohit Sharma hit a half-century for India [57 off 39], while Suryakumar Yadav fell just short [47 off 36].

The Chosen" Season 4 were met with unexpected news during the livestream of episode 7 on YouTube last Sunday. Series creator Dallas Jenkins announced a delay in the release date for the highly anticipated finale episode, shifting its premiere to accommodate scheduling conflicts.

Godzilla x Kong: The New Empire, a box office success, will be available on Max starting July 4. The film continues the Monsterverse saga with Godzilla and Kong teaming up against a new threat.

Over the past decade, ETFs have seen a level of growth virtually unmatched by all other typical investment vehicles within the US, including mutual funds – and that’s been largely due to adoption among financial advisors and end-investors in the retail sector, according to a new report by Cerulli.

The Canada Revenue Agency is ramping up efforts to recover overpayments of pandemic-related benefits.

A looming strike at WestJet “couldn’t be worse timing” for hundreds of thousands of Canadians who booked a trip with the Calgary-based air carrier over the July long weekend, according to travel experts.

Homebuilders who bucked the worst of last year's housing slump may be seeing their luck run out

An Arkansas community is trying to fill the void left by the temporary closure of its only grocery store, the site of a mass shooting that killed four

Missouri Gov. Mike Parson says he expects the state to put together an aid plan by the end of the year to try to keep the Kansas City Chiefs and Royals in Missouri

social sectors Thursday called on finance minister Nirmala Sitharaman, who chaired the customary pre-Budget consultation meeting, to further step up focus on health and education. They argued such a move will not just lead to greater ease of living but also bolster the economy's productive capacity. Some of them also called for raising the budgetary spending on these critical social sectors, said a person aware of the deliberations. The full Budget for FY25 will be presented next month.

Sebi on Thursday decided to streamline the process for public issuance of debt securities to provide faster access to funds for such issuers. Under this, the Sebi's board has decided to reduce the period for seeking public comments on the draft offer documents from 7 working days to 1 day for issuers whose specified securities are already listed and 5 days for other issuers. Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.

electric vehicles, will go up substantially as the world shifts to cleaner energy sources to mitigate climate change, according to Hindustan Copper Chairman and Managing Director Ghanshyam Sharma. By transitioning from fossil fuels to renewable energy sources like solar, wind, hydro, and geothermal, greenhouse gas emissions can be reduced significantly. «As the world transitions to cleaner energy sources...the demand for copper will increase significantly as a vital component in electric vehicles and renewable energy technologies such as solar panels, wind turbines etc,» the CMD said in a recent message on the company's website. He further said the company has been given the charge of utilisation of the nation's copper resources in an efficient and sustainable way.