UPS Financial News
28.05 / 15:13
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What is causing severe heatwaves in Delhi, Mumbai, other big cities? New study explains factors causing heat stress
Increasing relative humidity across all climate zones has worsened the heat index (combination of air temperature and relative humidity) and heat stress in every city," said a trend-analysis report released by the Center for Science and Environment. The study was conducted by the CSE between the summers of January 2001 and April 2024.The CSE explained in its analysis that the heat stress is not just about rising temperatures.
28.05 / 15:13
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Best auto tyre inflator: Leave behind your worries with these top 8 picks of the must-have car accessory
What are buyers saying on Amazon?Buyers are satisfied with the air compressor due to its exceptional quality, user-friendly interface, and compact size. Opinions vary when it comes to the value, accuracy, and overall build quality of the air compressor.Why choose this product?Choose this tyre inflator for its durability, rapid inflation, ease of use, safety features, and versatility for different types of vehicles and accessories.The Qubo Smart Tyre Inflator Pro has been crafted to provide efficient and convenient tyre inflation.
28.05 / 15:13
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Weekly Stocks: ICICI Direct suggests three shares with 8% upside potential to buy this week
Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session.The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between gains and losses, influenced by a lack of new catalysts, high valuations, and mixed global signals.Also read: Stock market today: Sensex, Nifty 50 fall for 3rd consecutive session; investors lose nearly ₹3 lakh crore in a day“We maintain our positive bias and expect Nifty to head toward our earmarked target of 23400 in the coming weeks.
28.05 / 15:13
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IRCTC Q4 Results: Net profit up 2% to ₹284 crore, revenue up 19% YoY; dividend declared
IRCTC Q4 Results: Indian Railway Catering and Tourism Corporation (IRCTC) announced its January-march quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 28, reporting a rise of two per cent in its consolidated net profit at ₹284 crore, compared to ₹279 crore in the corresponding period last year.The Indian Railways' e-ticketing and catering arm reported a 19 per cent rise in revenue from operations to ₹1,155 crore in the March quarter, compared to ₹965 crore in the year-ago period. The public sector undertaking (PSU) board recommended a final dividend of ₹4 per share, at 200 per cent of the paid-up share capital, of face value of Rs.
28.05 / 15:13
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360 One launches secondaries fund with a ₹4,000-crore target corpus
MUMBAI : Asset manager 360 One WAM Ltd is in talks with investors to raise a ₹4,000-crore secondaries fund—a vehicle typically used to buy stakes in companies from other investors or replace another investor in multiple firms. The alternatives asset manager is also in talks to raise a healthcare-focussed private equity fund, Sameer Nath, chief investment officer and head of 360 One Asset’s venture capital and private equity business, said at a press briefing on Tuesday. 360 One WAM, which handles nearly $2.9 billion in assets under management under its alternatives strategies, also plans to launch an early-stage venture capital fund as well as a fourth pre-IPO fund over the next year, Nath said.
28.05 / 14:45
markets
UPS
reports
Edinburgh investment trust cuts fees as discount widens
In its annual financial report published today (28 May), EDIN explained the arrangement will be effective from 1 April 2024 and will take place as a fee scale. Edinburgh Investment Trust names deputy manager as de Uphaugh retires The trust will pay 0.45% of its market capitalisation on the first £500m annually, reducing to 0.4% for the next £500m and to 0.35% on the balance of the market capitalisation. Previously, the trust paid 0.48% per annum up to £500m and 0.465% thereafter, noted Numis analysts Ash Nandi and Ewan Lovett-Turner. EDIN said this will result in a pro-forma 11%...
28.05 / 14:15
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BlockDAG’s New Dashboard Drives $33.9M Presale, Outperforming Avalanche (AVAX) Price and Stellar Moves
The Avalanche (AVAX) price has seen an uptick recently. Meanwhile, Stellar (XLM) strengthens its position through strategic partnerships, fostering confidence among Stellar (XLM) holders. Amidst these developments, BlockDAG stands out with a revolutionary dashboard update that has propelled its presale to an impressive $33.9 million. BlockDAG’s global visibility, especially with notable displays like Piccadilly Circus, positions it as one of the best altcoins to buy, promising substantial growth potential in the cryptocurrency market.
28.05 / 14:05
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Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions
Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won't notice the difference.
28.05 / 13:25
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More people make 'no-buy year' pledges as overspending or climate worries catch up with them
The self-imposed rules of a no-buy challenge are simple: participants pledge to stop buying non-essential items, be they unneeded shoes, additional beauty products or other impulse buys for a set amount of time, usually 12 months
28.05 / 13:25
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OpenAI forms safety committee as it starts training latest artificial intelligence model
OpenAI says it’s setting up a new safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot
28.05 / 13:25
28.05 / 13:25
28.05 / 12:41
UPS
Provident
security
Death
How to ensure phased payouts to your nominee in the case of death
—Name withheld on requestTo ensure that your son receives the money from your MF investments, bank accounts and term insurance payout in phases, similar to an SWP in MFs, specific legal arrangements need to be made. One effective method is setting up a trust under the Indian Trusts Act, 1882. Establishing a trust involves working with a trusted lawyer or financial advisor to create a legal entity that will manage the distribution of your assets according to the terms you set.
28.05 / 12:41
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Amazon deals and offers on ACs bring you up to 53% off on split and window models
Reasons to BuyReasons to AvoidEnergy-efficient with 3-star ratingLimited to 1.5 Ton capacityDUAL Inverter CompressorManual 4-way air swingThe LG 1 Ton 3 Star Dual Inverter Split AC is perfect for small rooms, providing efficient cooling with a 3-star energy rating. Featuring an AI Convertible 6-in-1 cooling system, it allows flexibility in adjusting cooling capacity.
28.05 / 12:41
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Hindalco subsidiary Novelis files draft papers with SEC to target $12.6 billion valuation via US IPO
Hindalco Industries.The aluminum producer filed its draft papers with the US Securities and Exchange Commission (SEC) where it said that its parent company is targeting to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each. Hence, the IPO price band is estimated to be between $18 and $21, Novelis said in its filing with the US SEC.Billionaire Kumar Mangalam Birla-ownedHindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.
28.05 / 12:41
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LIC stock is available at a discount. So why aren’t investors piling in?
₹38,433 crore. This was possible because non-participating business as a percentage of total individual APE doubled year-on-year to 18% in FY24. For insurance companies, APE is a measure of sales growth and VNB a profitability parameter.
28.05 / 12:41
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Beacon Trusteeship IPO booked over 31 times on day 1 so far; check GMP, subscription status, key dates, more
₹57 and ₹60 per share. Each lot in the Beacon IPO is worth 2,000 shares.50% of the net offer is allocated to qualified institutional buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors as equity shares in the initial public offering (IPO).
28.05 / 12:41
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Heatwave: IMD issues two-day ‘Red Alert’ for 6 northern states; monsoon to hit Kerala in 3-4 days — details here
ALSO READ: IMD issues red alert for Arunachal, CM requests people to be cautiousSome relief from the scorching heat is expected after three days due to a western disturbance, it added.IMD Scientist Dr Naresh Kumar said: “It is now the second week since the heat wave to severe heat wave persisted in North-West India. The temperature exceeded 47 degrees Celsius. We had issued a Red Alert.
28.05 / 12:33
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Silver surges Rs 3,100 to Rs 95,950 per kg; gold rises Rs 130
Silver rallied strongly by Rs 3,100 to Rs 95,950 per kg in the national capital on Tuesday, while gold went up Rs 130, in line with strong global trends. According to HDFC Securities, rising for the second straight session, silver prices surged Rs 3,100 to nearly a two-week high of Rs 95,950 per kg. It had closed at Rs 92,850 per kg on Monday. Meanwhile, the yellow metal prices climbed Rs 130 to Rs 72,950 per 10 grams. It had finished at Rs 72,820 per 10 grams in the previous session.
28.05 / 12:33
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KITES Senior Care and Columbia Pacific Communites set to merge for one of India's largest senior living firms
Senior living firm Columbia Pacific Communites is being merged with Kites Senior Care. This merger is expected to create one of the largest senior living firms in India. “The merger is under process for the India business of Columbia and is unlikely to impact the existing joint ventures. Columbia Pacific Communities has a net worth of over Rs 25 crore and is likely to be valued in the same,” said multiple people aware of the development. The latter has undergone a leadership change, with Mohit Nirula resigning in July 2023 to join Oberoi Hotels. V Siva Kumar was appointed interim director at Columbia Pacific Communities and is now the CFO.
28.05 / 12:33
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Amazon Sale on Beauty Essentials - Up to 70% off on makeup and beauty for summer
From vibrant summer-ready makeup to essential skincare products, you'll find everything you need to look and feel your best this season. You can dive into this limited-time offer and indulge in top-brand beauty items at prices that won't break the bank.
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