UPS Financial News

Also Read: Amit Shah gives ‘Modi guarantee’ on reservation, says BJP won’t allow anyone to abolish SC/ST/OBC quota“When I raised the issue of caste census, Narendra Modi said, there are only two castes in India – rich and poor. If there are only two castes, then how did Narendra Modi become OBC?," asked Rahul Gandhi."50 per cent population in the country is backward, 15 per cent Dalit, 8 per cent Adivasi..

Haut Monde Mrs India Worldwide, a prestigious beauty pageant honoring the strength, grace, and beauty of married women, recently concluded its highly anticipated Season 13. The magnificent grand finale took place on May 9th, 2024, at the esteemed Ajman Hotel, UAE. The event showcased the remarkable talent, grace, and empowerment of women worldwide.

Best electric scooter in India: Join the green revolution with our top 8 picksThe Sounce high-pressure foot air pump is a versatile and portable solution for various inflation needs. It efficiently inflates bicycle, car, and motorbike tires, as well as footballs. With a heavy compressor cylinder, it delivers high-pressure air for quick and effective inflation.

Best manual treadmill: Top 10 options to boost your home workout experience, pick from the budget-friendly optionsThe MAXPRO PTM405M Treadmill combines functionality and versatility, powered by a 4 HP peak DC motor. It supports a speed range of 1 to 14 km/hr, making it suitable for various training regimes.

₹1,775 crore, as per a term sheet obtained by Mint.The promoters are offering to sell up to 5 million shares, with a total deal value estimated to be around ₹1,775 crore ($213 million). The shares are being offered at a floor price of ₹3,550 per share, representing a discount of 10.2% compared to Timken India's closing price of ₹3,951.5 on the NSE on Monday.Spokespersons of Bank of America, which is managing the stake sale, did not respond to Mint's request for comment.Currently, Timken Singapore holds a 57.7% stake in Timken India, which manufactures anti-friction bearings, primarily tapered roller bearings, and mechanical power transmission products for customers in diverse sectors.This is not the first time that Timken India's promoters are exploring a stake sale.

Mint that further investments will be made in the coming years.“The Ghanaian government is an enabler of this initiative, which will bring digital services, e-learning and mobile finance products to the country. It will not be the one fuelling investments though—that will be enabled through the PPP model of NGIC," Owusu said.

With each passing week, the bear case for Wall Street proves too tempting to pass up for a handful of gutsy traders.

Electric-vehicle charging infrastructure is having a hard time keeping up with EV sales.

Monday, May 27, 2024 – The community for Sponge ($SPONGE), a popular meme coin that brought its early supporters returns of up to 10,000%, has voted to receive the project’s lucrative staking rewards instantly.

Awfis Space Solutions closed on Monday after witnessing robust investor interest, with the number of bids received being more than 108 times the shares offered. According to data from the BSE, bids were received for over 93.3 million shares as against the 8.62 million shares on offer. The retail investors category was booked 53.32 times, while for non-institutional investors it was 129.28 times. The qualified institutional buyers (QIBs) category received bids for 54 million shares, which is over 116 times the shares on offer.

Kotak Life has teamed up with the much awaited film of this year – Mr. and Mrs.

Gaza city of Rafah, officials said on Monday, prompting an outcry from global leaders who urged the implementation of a World Court ruling to halt Israel's assault. In scenes grimly familiar from a war in its eighth month, Palestinian families rushed to hospitals to prepare their dead for burial after the strike late on Sunday night set tents and rickety shelters ablaze.

Karnataka Forest Minister Eshwar Khandre on Monday said the state government will pay the hospitality bill of Prime Minister Narendra Modi, who had come to Mysuru in April last year to commemorate 50 years of Project Tiger, which runs up to Rs 80 lakh. In a statement, the minister's office said it is a tradition of the state government to host dignitaries like the Prime Minister and the President when they come. But due to Assembly elections in Karnataka in April last year, the state government was not involved in planning of the programme (Project Tiger) since the Model Code of Conduct (MCC) was in force. Speaking to reporters, the minister said that the prime minister had visited Myrusu-Bandipur on the eve of commemoration of 50 years of Project Tiger. At that point of time, the MCC was in force. Elections were declared. So, it was purely a Central government programme. Initially, they had planned to spend around Rs 3 crore but the expenditure incurred was around 6.33 crore. So, balance 3.3 crore has to come from the National Tiger Conservation Authority. «The state government's forest department had written to them (authority). They informed that the hotel bill (Rs 80 lakh) should be reimbursed by the state government and we have decided to reimburse. So, there is no issue,» he added.

Motilal Oswal has highlighted that taxes on dividend income have significantly contributed to the surge in personal income tax (PIT) over the past four years. According to the report, this shift accounts for 60-65% of the growth in PIT, despite a moderation in personal disposable income growth, reported TOI. The report indicates that the growth in PIT has been robust, increasing at a compounded rate of 20% during FY21-24. By FY24, PIT reached 3.5% of GDP, up from 2.5% in the pre-pandemic period. In contrast, personal disposable income and GDP have grown at a more modest rate of less than 10%. The surge in PIT can be traced back to the 2020-21 Budget announcement by the finance minister, which abolished the Dividend Distribution Tax (DDT) and introduced the classical system of dividend taxation. Under the new system, companies no longer pay DDT; instead, dividends are taxed in the hands of the recipients at their applicable personal income tax rates.

With the dollar on the rise, American tourists can outspend the locals in some of the world’s top travel spots. Visitors to Asia, South America and Eastern Europe are upgrading their accommodations and enjoying fine dining at prices that can’t be matched back home. The strong dollar, bolstered by high interest rates and a strong economy, allows those who normally scour for budget deals to feel rich enough to reserve tables at Michelin-recommended restaurants.

₹242, the NTPC Ltd stock fell out of favour with investors, just ahead of the initial public offering (IPO) of Reliance Power. What then followed seemed like a never-ending lull until recently. Over the past one year, NTPC’s shares have more than doubled to ₹370 per share on the back of talk about the unlocking of value in NTPC Green Energy, its renewable (RE) power generation subsidiary.

₹7.48 in May 2020 to currently trade at ₹1,835.In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.

ALSO READ: Watch | Kavya Maran breaks down after KKR's win in IPL 2024 final; SRH fans say, ‘Badla liya jaayega’Speaking after the match, SRH assistant coach Simon Helmot agreed that their plan to be aggressive fell flat quite early in the match.In a post-match press conference, Helmot said, as quoted by PTI, "We were not going to change our brand or approach. We wanted to be aggressive but also smart and work the situations through.""Our plan certainly wasn't to get bowled out for 113 in the 18th over.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

Also Read: Avaada Energy secures 1,050 MWp solar power project from NTPCHere’s a small example of how solar investing works if you are investing in solar assets through a Limited Liability Partnership (LLP).Initiation by an Organization: An organisation or housing society wants to set up cost-effective solar power for their consumption and have another source of energy. They don’t want to do it on their own as they are not sure about the initial investments.Role of the Leasing Platform: Now, a leasing platform steps in, instals, and maintains the solar panels.

killed 27 persons, including children. The game zone was operated without the fire NOC (no objection certificate), as per officials.The court reportedly pulled up the Rajkot Municipal Corporation on the Monday over the incident.