UPS Financial News

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

Also Read: Stock to buy: Anand Rathi recommends Olectra Greentech as its stock pick of the monthAs a result, companies in the passenger vehicle (PV) segment have demonstrated strong performance, reporting impressive volume growth. This has subsequently driven increased demand for these companies' stocks, leading to a significant rise in their market value.Notably, Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, was one of the stellar performers in recent years.

Stock to buy today: Ugro Capital share price has been in uptrend after ushering in the new financial year 2024-25. The NBFC stock bottomed out at around ₹215 per share level at the end of March 2024. After bottoming out and touching 52-week los of ₹210.25 ion 26th March 2024, Ugro Capital share price has rallied to the tune of ₹272 apiece level, recording nearly 25 percent rise from its 52-week low.

Here's a look at the bomb threats received in India in May 20241. Taj Hotel, Airport, Mumbai: On May 27, Mumbai Police, received a threatening call indicating the presence of bombs at both Taj Hotel and Chhatrapati Shivaji Maharaj International Airport. After a thorough search, Police said that “nothing suspicious was found".

In the UK, last week for the second annual London Defence Conference at King’s College, I was happy to see that climate change had not yet disrupted British weather. Tourists scurried miserably across the slippery streets, jackets buttoned against a cold London spring. But the weather was warm and welcoming compared with the mood among Conservative Party members.

LTIMindtree Ltd. fell 0.15 per cent to Rs 4886.7 in Tuesday's session as of 11:41AM (IST) even as the equity benchmark Sensex traded 41.61 points higher at 75432.11. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4565.0 on NSE. Around 7241 shares changed hands on the counter till 11:41AM (IST).

Wipro on Tuesday announced a partnership with the Centre for Brain Research (CBR) to leverage the power of Artificial Intelligence (AI), Machine Learning (ML), and big data analytics for health behaviour innovations. CBR is an autonomous, non-profit research organisation, hosted at the Indian Institute of Science (IISc). A release announcing the collaboration between Wipro and Centre for Brain Research said the partnership will «focus on harnessing the power of AI, ML and big data analytics to develop new technologies that will provide precision support towards the prevention and management of long-term health disorders».

Adani Group goes back to growth mode post the Hindenburg crisis, the board of Adani Enterprises on Tuesday approved fundraising of Rs 16,600 crore via the QIP route. «We wish to inform you that the Board of Directors… has inter-alia approved raising of funds by way of issuance of such number of equity shares having face value of Re 1 each of the Company and/or other eligible securities or any combination thereof for an aggregate amount not exceeding Rs 16,600 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches,» Adani Enterprises said in a regulatory filing.

Oberoi Realty Ltd.(up 0.57 per cent), Sunteck Realty Ltd.(up 0.37 per cent) and Macrotech Developers Ltd.(up 0.33 per cent) were among the top gainers.

Avenue Supermarts Ltd. gained 0.02 per cent to Rs 4539.25 in Tuesday's session as of 11:36AM (IST) even as the equity benchmark Sensex traded 27.99 points higher at 75418.49. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4916.15 and a 52-week low of Rs 3441.6 on NSE. Around 8325 shares changed hands on the counter till 11:36AM (IST).

Bandra-Kurla Complex, if everything goes according to plan. The Mumbai Metro Rail Corporation Limited expects to commence phase I of Mumbai Metro Line 3 commercial operations on this route by July, TOI reported. The necessary dry runs have been completed, and some assessments and approvals are awaited. The Metro agency is ready to run over 260 services with its fleet of 19 trains. Once Metro Line 3 is fully operational, it will serve around 1.7 million passengers daily, with trains running every three to four minutes and carrying approximately 2,500 passengers per trip. This line will be Mumbai's only completely underground metro, significantly enhancing the city's transportation system. The first phase of the 12-kilometer-long Metro 3 underground corridor runs from Aarey to Bandra-Kurla Complex.

«So, to play safe even in this momentum driven market I would not leave the fundamentals. I would keep the fundamentals first and then possibly chase the momentum, that is the approach that we have communicated also to our customers,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd Seems like short covering currently at play, how do you think investors should best use this rebound in the market. Well, it is a slightly challenging market from the momentum point of view. No doubt if momentum continues and if somebody wants to chase this momentum, you have an equal chance of getting disappointed because of the higher amount of VIX on one side and at the same time event risk on the other side.

Au Small Finance Bank Ltd.(up 1.38 per cent), Bandhan Bank Ltd.(up 0.8 per cent), HDFC Bank Ltd.(up 0.41 per cent), IndusInd Bank Ltd.(up 0.16 per cent) and State Bank of India(up 0.15 per cent) were among the top gainers.

Bitcoin fell 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. The original cryptocurrency dropped as much as 2.7% and was trading at about $67,840 as of 12:15 p.m. Tuesday in Singapore. The weakness spread to smaller coins, including second-ranked Ether.

Coromandel International Ltd.(up 1.25%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.80%), Madhya Bharat Agro Products Ltd.(up 0.58%), Krishana Phoschem Ltd.(up 0.54%), Aries Agro Ltd.(up 0.44%), Paradeep Phosphates Ltd.(up 0.22%), Chambal Fertilisers & Chemicals Ltd.(up 0.14%) and Mangalore Chemicals & Fertilizers Ltd.(up 0.14%) were among the top gainers.

Gold prices on Tuesday fell by Rs 2,433 from a high of Rs 74,442 per 10 grams on May 20 to Rs 72,009 per 10 grams on May 27. MCX gold June futures today opened flat, down by Rs 98 at Rs 71,911 per 10 grams while July silver contracts opened at Rs 94,640, up by Rs32 or 0.03%. Gold held its gains as traders anticipated US inflation data this week, which could impact the timing of the Federal Reserve's decision to cut interest rates. After rising 0.7% on Monday, gold remained steady.

Shree Cements Ltd. traded 0.81 per cent up in Tuesday's trade at 10:45AM (IST). Around 58 shares changed hands on the counter. The counter opened at Rs 25151.3 and touched an intraday high and low of Rs 25597.15 and Rs 25151.3, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

1. Age Limit, Coverage and Policy Options - The minimum age to enter for individuals aged 18 years to 65 years. Whereas, the children aged between 5 and 21 years are covered under the plan.

The price change in 24 carat gold in the last one week has been 4.56% .whereas in the last month it has been 1.18%.The cost of silver is Rs.90990.0 per kg up by Rs.1050.0 per kg. Gold Price Today in Delhi is ₹73779.0/10 grams. Yesterday’s Gold Price on 27-05-2024 was ₹73252.0/10 grams.

Also Read: Top 5 banks offering low interest rates on home loans; check full listMaking prepayments at different times has a different impact on your home loan journey. And the best way to understand how, is to illustrate with an example.Suppose you take a ₹50 lakh home loan for 25 years at an 8.5% rate of interest.

NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, soared 6.1% to reach a historic peak of ₹206.30 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Monday, the company reported a 101% YoY surge in its consolidated profit to ₹996.74 crore for the March quarter, propelled by a significant drop in expenses, which declined by 14% YoY to ₹2,720 crore in Q4. This starkly contrasts with the net profit of ₹495 crore reported in the corresponding period last year.Also Read: How does the BSE 500 index offer exposure to a wide basket of stocks?For FY24, it reported a PAT of ₹1,988 crore, a 38.63% improvement compared to the previous fiscal year's PAT of ₹1,434 crore.