UPS Financial News

₹201.4 on 10 May. The recent fall notwithstanding, a major reason for the rise lies in the very fast growth of the company’s quick commerce business, which delivers vegetables, groceries and other products—from lipsticks and pen drives to floral bouquets and branded kurtas—in a matter of minutes. In 2023-24, the adjusted revenue of the company’s quick commerce business grew by 186% to ₹2,302 crore.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, started off Tuesday's session with minor gains amid mixed global cues. Reliance Industries and HDFC Bank both saw buying, and the monsoon outlook was favourable.The 30-share BSE Sensex opened up by 194.90 points, or 0.26%, at the 75,585.40 level, while the Nifty 50 started off at the 22,977.15 level, up 44.70 points, or 0.19%.Nifty 50 is predicted to continue its upward trajectory, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, as per PTI news report.

US support. Yet, this backing could run thin if America re-invests in the wisdom of a “decent respect for the opinions of mankind" in the context of how its overseas image is shaped by its Israel policy. It makes sense for all sides to grab an olive branch that puts an end to hostilities.

Also read | Allot or auction satellite telecom spectrum? Signal clarity, please Yet these are valuable bands because by squatting here, these companies have pushed up the costs of the competing bands for other telecom operators, and thus for the consumers. The never-ending legal disputes ensured that the department of telecom could not put these bands up for auction. Of course, the government, in its ceaseless attempt to maximise the revenue potential from auctions in the sector, possibly did not mind.

₹657.21 crore in March 2024. The quarterly net profit rose by 74.73% to ₹67.13 crore, and EBITDA increased by 68.4% to ₹108.38 crore.Sensex Today Live : The company reported a 128% jump in profit to ₹22.2 crore from ₹9.7 crore the previous year.

ETF or an index fund routes are available for taking exposure to the index. The index is rebalanced on a semi-annual basis. For an investor, the index serves as an ideal multicap passive fund and can be a key component in their portfolio.Represents almost the complete market: As mentioned earlier, the market capitalization of all BSE-listed companies totals up to ₹393 trillion.

Gujarat): The main accused in the Rajkot TRP game zone fire incident was arrested by Banaskantha Local Crime Branch police and Rajkot Police on Sunday, said police. The accused has been identified as Dhaval Thakkar, a resident of Abu Road. He had fled after the fire broke out in the game zone, which claimed 28 lives. Earlier, three men arrested in connection with the game zone fire were sent to a 14-day police remand by a court in the Rajkot district on Monday.

Sensex eased 19.89 points to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.Nifty 50 formed a bearish candlestick pattern at the all-time high level on the daily charts, indicating profit booking.“Yesterday’s negative closing seems to be more of a breather after the recent sharp upmove. Nifty continues to hold above the 20 and 50 day SMA.

While many parts of India are reeling under a heatwave, it’s a matter of relief that monsoon rain prospects this year are bright. The country is expected to receive above-normal rainfall during the June-September rainy season, according to India Meteorological Department (IMD) chief Mrutyunjay Mohapatra. By IMD’s measure, rainfall will be 106% of the long-period average, with a model error of 4%.

Gold prices were steady on Tuesday, as investors maintained a cautious stance ahead of key U.S. inflation data, which could provide more insight into the Federal Reserve's policy trajectory. FUNDAMENTALS

Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2. The Brent crude July contract dropped 3 cents to $83.07 a barrel by 0038 GMT. The more-active August contract slipped 4 cents to $82.85.

dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming.

rise in raw material and land prices—under Bharatmala Pariyojana by the Union cabinet is a big reason. There have also been delays in execution of projects awarded under the hybrid annuity model that makes up more than half the projects awarded from FY21 to FY24. A third of these are facing delays of up to six months.

Siemens Energy AG has said it plans to sell the India wind turbine unit of its subsidiary, while Shell Energy, which acquired Sprng Energy in August 2022 is looking for investors. EQT and Temasek are planning to sell the 4GW O2 power platform, while Macquarie has explored the sale of its solar power project Stride platform and C&I platform Vibrant Energy.

The Covid-induced lockdowns, which spared millions of ordinary officegoers the daily commute and spawned a loyal army of equity investors, appear to have drastically altered the asset-class mix of household savings in India. Equity is now the visibly dominant category in pooled funds, garnering a three-fifths share of the money mobilised by mutual funds, as stocks became the preferred bet for the ordinary saver seeking to beat a sticky inflation gauge.

Infosys is pivoting to a GenAI first company, Salil Parekh, chief executive and managing director of India’s second-largest software services firm told ET. In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, he spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease. For now, as clients postpone large digital transformation projects amid uncertain demand for technology services, Infosys will choose profitability over growth. The 59-year-old — whose second tenure as Infosys CEO extends until 2027—said his spare time these days is devoted to experimenting with different AI tools. Edited Excerpts The current financial year was supposed to be one of recovery, how has it been so far?

With the Joe Biden administration imposing massive new tariffs on Chinese-made electric vehicles, some experts argue that a American-style tariff may not make sense for Canada.

A bid to exit publicly traded markets could give Indigo Books & Music the “nimbleness” needed for the struggling retailer to execute on its comeback plans, according to some analysts.

The parents of Grayson Murray said the 30-year-old pro golfer died by suicide on Saturday morning, just one day after he withdrew from a PGA tournament citing health reasons.Murray, a two-time PGA Tour champion, was open about his struggles with mental health and alcoholism.“Life wasn’t always easy for Grayson, and although he took his own life, we know he rests peacefully now,” Eric and Terry Murray wrote of their son’s death in a statement shared by the PGA Tour.“Please respect our privacy as we work through this incredible tragedy, and please honor Grayson by being kind to one another. If that becomes his legacy, we could ask for nothing else.”A statement below from Grayson's parents, Eric and Terry Murray.If you are experiencing a mental health crisis, please call the national suicide and crisis lifeline in the United States at 988 or visit their website at https://t.co/j0traBx8ia.

HBO on May 26, the most pertinent question that popped up was- will there be a sequel? This was supported by the fact that the end was not conclusive and it left enough scope for another season. Created by Park Chan-wook and Don McKellar, the miniseries revolves around the Captain (Hoa Xuande), a North Vietnamese spy in the South Vietnamese army. He escapes to the U.S. with his general toward the end of the Vietnam War.

affordable 5G handsets weighed on average smartphone prices in India in the quarter ended March, halting a price surge after 12 quarters. Average selling prices (ASP), an indicator of how much people are paying for their handsets on average, were flat sequentially in the first quarter at $263, said market research firm IDC India. This follows a double-digit rise in ASPs over the last three years amid a growing appetite for higher-priced handsets since the pandemic. Flat ASP in the March quarter was largely due to a 22% on-year rise in shipments of mass budget phones priced at $100-200 at 16.3 million units, compared with 13.4 million units a year earlier, marking a resurgence from previous quarters. “The mass budget segment of $100-200 which holds the majority share was declining but has seen a revival in beginning of 2024 with affordable 5G offerings and is expected to either remain flat or grow in coming quarters,” said Upasana Joshi, senior research manager, IDC India.