UPS Financial News

fixed deposit (FD) interest rates across tenors. SBI has increased FD rates by 75 basis points or bps (0.75%)—from 4.75% to 5.5% for deposits maturing between 46 days and 179 days. For longer tenors, the rate hike has been restricted to 25 bps (0.25%).SBI has increased interest rates for 180 days to 210 days from 5.75% to 6% and for those from 211 days to less than a year from 6% to 6.25%.

₹537 crore initial public offering (IPO) of Stanley Lifestyles was available for subscription between June 21 and June 25 with a price band of ₹351-369. The issue saw overwhelming demand, being subscribed 97.16 times in the 3 days of bidding.

Two years ago, the British government decided to spend big to outsource a migration problem. To deter migrants seeking asylum from illegally entering the country, it announced a radical plan: Those smuggled on makeshift dinghies to British shores would be sent to Rwanda, a small country in central Africa, where they would remain. The U.K.

liquified natural gas export plant on British Columbia’s coast is poised to go ahead.On Tuesday, the Hasila Nation and its partner Pembina Pipeline Corporation announced a green light with their final investment decision in the Cedar LNG plant.The $US3.4 billion project will see the construction of a floating LNG facility in Haisla territory in Kitimat.The nation is a majority owner in the project with a 50.1 per cent stake.“With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity,” Haisla Chief Councillor Crystal Smith said in a statement.“We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.”The project has already secured all major regulator approvals and has signed an agreement with the Coastal GasLink Pipeline for the delivery of 400 million cubic feet of natural gas per day, once it is up and running.Cedar LNG estimates the project will be in service by late 2028.B.C.

IPO) of Vraj Iron and Steel opened for subscription earlier today. The company plans to raise around Rs 171 crore through the issue, which closes on June 28. The IPO comprises only a fresh equity issue of up to Rs 171 crore.

LTIMindtree Ltd. traded at Rs 5158.0 on BSE at 10:45AM (IST) on Wednesday, up 0.66 per cent from previous close. The stock quoted a 52-week low price of Rs 4518.35 and a high of Rs 6442.65.

Suzlon Energy shares have rallied 11% since June 4, 2024, after a 3% fall on the election outcome. On Monday, the counter hit a fresh 52-week peak and in the process gave a breakout from the last week high. The stock is a momentum pick, say analysts who see up to 28% upside over the current levels. On Tuesday, Suzlon Energy stock ended at Rs 53.62, down by Rs 1.09 or 2%.

Aro Granite Industries Ltd.(up 5.07%), Oriental Trimex Ltd.(up 3.79%), Madhav Marbles & Granites Ltd.(up 2.00%), Gujarat Mineral Development Corporation Ltd.(up 1.81%), Ashapura Minechem Ltd.(up 1.26%), Sandur Manganese & Iron Ores Ltd.(up 0.69%), The Orissa Minerals Development Company Ltd.(up 0.32%) and Coal India Ltd.(up 0.24%) were among the top gainers.

The Conference Board’s consumer confidence index fell to 100.4 in June from 101.3 in May, reflecting growing concerns about future economic conditions.

Paul Graham of Y Combinator recently shared an anecdote that perfectly encapsulates the challenge of regulating artificial intelligence (AI). When he asked someone helping the British government with it what they would regulate, the response was a refreshingly honest, “I’m not sure yet." As Graham noted, this might be the most intelligent thing anyone has said about AI regulation thus far. AI creates a “pacing problem," first explained in Larry Downes’ book The Laws of Disruption.

Mazagon Dock Shipbuilders, a leading defence public-sector shipyard under the Ministry of Defence (MoD) in India, surged nearly 7.5% to reach an all-time high of ₹4,271 per share.This jump followed the company's announcement via an exchange filing that the Department of Public Enterprises (DPE) has approved the proposal to grant Navratna status to Mazagon Dock Shipbuilders. This makes the company the 18th Navratna company among the public sector enterprises.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, rose early on Wednesday, with the Sensex reaching a new all-time high level. However, shortly after, investors began to take profits, and the market began to move sideways.In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16.

trade ban: GNFC, PNB, SAIL, and Indus Towers. Balrampur Chini Mills, Chambal Fertilisers, Granules, and Piramal Enterprises have successfully exited the ban list, while the remaining stocks continue to be restricted from F&O trading.

Avalon Technologies with a target price of Rs 700. The current market price of Avalon Technologies Ltd. is Rs 557.55. Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3650.67 Crore) operating in General sector.

Nifty index opened positively on Tuesday. After trading within a narrow range for the first couple of hours, bulls surged, pushing it to a fresh all-time high of 23,754. The index formed a bullish candle on the daily chart and achieved its highest-ever closing level. It traded approximately 1% higher compared to the previous week, marking a new record high following seven consecutive trading sessions of consolidation.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says fertilizers and agrochemicals is one sector where they have become bullish. He says last week's excitement was based on the fact that some GST concession was expected and that is, to an extent, unfounded. He does not think the GST Council has yet started deliberating on that at all. So, it will take a lot of time. Amara Raja has doubled this year already. Exide is up 80% and there are still buyers.

In May, the International Financial Services Centres Authority, or IFSCA, the unified financial sector regulator at Gift City, sent a clutch of recommendations to the central government. One suggestion was to bring parity in the taxation of funds set up in Gift City with that applicable for domestic mutual funds.

Investors have pared exposure to sectors including renewable energy and electric cars as candidates in some of the dozens of nations holding polls this year have raised concerns over the costs and speed of efforts to curb emissions.

markets braced for a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar.

crude oil after reassurance from Saudi Arabia and its OPEC⁺ allies that any planned future increases in production would be contingent on market conditions. Last week hedge funds and other money managers turned their attention to boosting Brent positions, after a large jump in NYMEX and ICE WTI the week before, according to records filed with exchanges and regulators.

Bhartiya Janata Party (BJP) leader and National Democratic Alliance (NDA) candidate Om Birla, who was the Speaker in the 17th Lok Sabha, is up against INDIA bloc leader and eight-term Congress Parliamentarian K Suresh for the crucial post. Follow Live Updates on Lok Sabha Speaker election today HereThe election was forced after the ruling NDA and Opposition INDIA bloc failed to arrive at a consensus for the Speaker and the Deputy Speaker post.Usually, the Speaker of the Lok Sabha is appointed with consensus between the ruling and the opposition camps.