UPS Financial News

U.S. stocks rose in a bounce back from Wall Street’s worst day since April

Zimbabwe introduced the world's newest currency in April with public rallies and commercial jingles

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather

In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May

Some 2.5 million Mexicans — mostly women — are domestic workers, a profession that has come to encapsulate gender and class divisions long permeating Mexico

₹2.11 lakh crore dividend to the government for the financial year 2023-2024, which was more than double the market had expected. A higher dividend amount provides a great deal of flexibility to the central government on the fiscal side and this positive surprise enthused all the markets with lower bond yields, rupee appreciating and the stock markets hitting new highs.Also Read: RBI dividend boost to help in improving budget math“The maximum impact of the higher dividend was seen at the longer end of the curve with bond markets feeling optimistic about a cut in government borrowing when the full Budget is presented in July," said Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund.Yields at the shorter end of the curve also came down as a result of lower borrowing in T-bills as announced last week to reduce the government surplus which may go up to ₹6 lakh crore after the transfer of the RBI dividend.

income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. «Please link your PAN with Aadhaar before May 31, 2024, if you haven't already, in order to avoid tax deduction at a higher rate,» the department posted on X.

Cryptocurrency markets experienced a downturn on Tuesday, with Bitcoin (BTC) and Ethereum leading the decline. BTC dipped 0.9% to $67,957 in Tuesday's session, while Ethereum shed over 1% to $3,855. Additionally, Bitcoin faced pressure as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors, as reported by Bloomberg.

United Spirits (USL) surged 3% on BSE in Tuesday’s session to the day’s high of Rs 1,196 after the company on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. USL’s revenue from operations was up 12.41% year-on-year (YoY) to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier while the total expenses in the March quarter were up 10.9% to Rs 6,279 crore.

Max Healthcare Institute Ltd. traded 1.91 per cent down in Tuesday's trade at 01:07PM (IST). Around 31,933 shares changed hands on the counter. The stock opened at Rs 805.65 and touched an intraday high and low of Rs 816.0 and Rs 785.1, respectively, in the session so far. Shares of the company of Max Healthcare Institute Ltd. quoted a 52-week high of Rs 909.0 and a 52-week low of Rs 505.35.

DOMS Industries rallied 10% on Tuesday on BSE to its new all-time high of Rs 2,035 after reporting a 29.6% year-on-year (YoY) growth in its Q4 PAT at Rs 46.93 crore against Rs 36.21 crore in the fourth quarter last year. The company also posted a 20% YoY growth in its revenue from operations which stood at Rs 402.74 crore for the quarter ended March 2024.

BSE at 01:32PM (IST) on Tuesday, down 1.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 614.45 and a high of Rs 1148.3.

life. Many narrow lanes and busy roads in Kochi and adjacent areas were submerged due to continuous downpour since early morning. People could not venture out of their homes in many areas of the port city as roads were flooded. Vehicles were seen moving at snail's pace on highways following the rains. Normal life was hit in the Kakkanad-Infopark and Aluva-Edappally areas due to waterlogging. The city and rural areas of the capital district of Thiruvananthapuram witnessed heavy rains since Monday night. Trees were uprooted and streams were overflowing in villages of Thiruvananthapuram district. In nearby Neyyattinkara, a house was severely damaged after an uprooted tree fell on it during heavy rains accompanied by winds. Nedumangadu, Neyyattinkara, Kattakkada, and Amboori areas, located in the high ranges of the district, received widespread rainfall. According to locals, a portion of a hill behind the famous Bali mandapam at Papanasam in nearby Varkala caved in because of heavy rains. The eco-tourism centre in hill station Ponmudi was closed following bad weather.

«But for me, it is largecaps the way forward and I am pretty clear that this is also a choice based on one's own, pardon my saying so, but age and stage in life if you will. I am not one who would go gung-ho on smallcaps, at least not at this point in time,» says N Jayakumar, MD, Prime Securities. And given that the markets are also leaning on the high possibility of continuity and that is perhaps what is giving a lot of comfort, what would be the allocation when it comes to large, mid and smallcaps? I think at this point in time the greatest comfort is in largecaps. They may give lower returns than some of the midcaps and certainly less than some of the smallcaps but I think at 23,000 preservation of capital is far more important than return on capital and this is especially true I would say for this year which is 24-25 at least for the first half.

In the trust's unaudited half year results for the six months ended 31 March 2024, Hayes, who has been chair of FGT for just over three years, said he will be standing down at the company's next annual general meeting in January 2025. FGT's board has elected Pars Purewal as the chosen successor, an appointment Hayes said he was «delighted» about. Hayes has served on the board since June 2015, taking up the mantle as chair in February 2021. Nick Train: FGT is primed for improved confidence in UK equities He was previously chair of Peel Hunt Limited until July ...

Scarcely four weeks from the first presidential debate of 2024, Democrats dream of President Biden’s stepping aside for a more appealing candidate. But there is a hitch. For starters, a convention switcheroo is all but impossible unless the president agrees—and he and the rest of the Biden family show no sign they’re ready to go.

DOMS Industries share price gained 10% during the intraday trades on Tuesday to all time high of ₹2035 on the NSE . With todays gains the DOMS Industries share price is up more than 150% over IPO price of ₹790. With this DOMS Industries share price has given Multibagger returns to the investors.

₹147.65 after a 5 percent stake in the firm changed hands via a block deal at a floor price of ₹151, a discount of 8 percent from the previous close. The stock has rallied 460 percent in the last 1 year.According to media reports, approximately 1.69 crore shares of the firm were traded, resulting in a turnover of ₹257.61 crore on the BSE. The identities of the buyers and sellers have not been disclosed.

Bonus shares 2024: The Board of Directors of Remedium Lifecare Limited has declared the issuance of bonus shares to its eligible shareholders. The company board made this decision in its board meeting on Monday, which discussed its unaudited financial results for Q4FY24. The company board considered and approved the issuance of bonus shares in a 3:1 ratio.

retirees prefer to receive regular guaranteed income which does not fluctuate. Knowing the cash-flows helps them to plan their lifestyle better. Let us understand this better with the help of an example.Mr.

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