UPS Financial News

Shares of Bharat Forge Ltd.(up 5.38 per cent), TVS Motor Company Ltd.(up 2.92 per cent), Exide Industries Ltd.(up 2.12 per cent), Samvardhana Motherson International Ltd.(up 2.04 per cent) and MRF Ltd.(up 0.68 per cent) ended the day as top gainers in the pack.

Earlier this month, the Election Commission of India ordered repolling at a polling station in Gujarat’s Dahod Lok Sabha constituency. The reason? A man had gone viral live-streaming while voting at the booth on 7 May, after which the poll body deemed the votes that had already been cast as worthless, and decided to repeat the process. The digital era may throw up new reasons for repolls, but the phenomenon isn’t new.

over 12 percent in this period.In the Nifty Private Bank index, barring 3 stocks - ICICI Bank (13.5 percent), Axis Bank (6.6 percent), and Federal Bank (4.5 percent), all other constituents have given negative returns in 2024 YTD. Bandhan Bank shed the most, down over 22 percent, followed by IDFC First Bank, down over 12 percent, HDFC Bank, down 11 percent and Kotak Bank, down 10.8 percent.

equity mutual funds have witnessed a rise in the past few months amid rising valuations. Total cash kept aside by equity mutual funds at the end of April rose to ₹1.34-lakh crore, 22 per cent higher than that at the end of December last year, reported Business Line quoting Fisdom Research data.

announced a record dividend payout of ₹2.1 trillion to the government for the fiscal ended 31 March 2024 (FY24). This is higher than the government’s budget estimate and analysts' expectation of ₹1 trillion, and 141% larger than the ₹87,416-crore dividend payout in FY23. The central bank has also raised the contingency risk buffer (CRB) to 6.5% from 6% in the previous year.

₹620 apiece following a significant order win.In an exchange filing on Thursday, the company announced that it received an export order from AL Anwaar International for a "T&R" MAKE 90 MVA, 132/33 KV Transformer with fittings and accessories, worth ₹161 crore.In February, the company secured an order worth ₹232 crore from the Power Grid Corporation of India. Over recent months, TRIL has received multiple orders, bringing its unexecuted order book to 44,594 MVA valued at ₹2,581 crore as of March 31, according to the company's Q4 earnings report.

Also Read- Greed & Fear: Correction on cards? Foreign investors may no longer be overweight on Indian equities, says Chris WoodIn the less probable event that the election results significantly deviate from market expectations, the stock market could witness a substantial 20% decline, said Sunil Damania, Chief Investment Officer, MojoPMS In such a scenario, the market might require up to six months to stabilize and return to pre-election levels, he added.Deepak Jasani, Head of retail Research at HDFC Securities also agreed that that if election results deviate from expectations and the ruling BJP led National Democratic alliance fails to form government, the markets can see a sharp downside, . The reforms may get a setback and the populist announcements by the parties may take centerstage hurting market sentiments, sadi Jasani.

Pienza Ventures is betting big on SAAS-based B2B Indian start-ups with an initial $5 million booty and a unique accelerator programme to facilitate market access to the US, which hosts the world’s largest start-up ecosystem and VC activity.Founded by Aaron Bird and backed by Version One Capital, MHS Ventures and Cercano Management, Pienza is setting up an office in Bengaluru to drive its aggregator programme to identify and steer fresh entrepreneurial ventures, its partner and angel investor Jofin Joseph told Livemint.Aaron, a super-angel with 70-plus angel investments, founded Bizible, which was acquired by Marketo in 2018. Later Marketo itself was acquired by Adobe.

₹1,104 crore in Q4 on revenue of close to ₹13,800 crore. Natural gas prices have declined to less than one-third from a peak of $9.3 per mmbtu (Henry-Hub) in August 2022. Petronet’s Dahej plant achieved capacity utilization of 97% in Q4, up from 77% a year ago and the highest in the last ten quarters.

Mint in an interview, on the sidelines of the inauguration of the Range Rover House in Alibuag, Maharashtra, the first experiential centre of the brand in India.A new assembly line for the Range Rover and Range Rover Sport will be set up in Tata Motors' manufacturing facility in Pune, Maharashtra, with a production capacity of 10,000 units annually in two shifts. The move is expected to reduce prices by a significant 18%-22%, while still keeping them in the ₹1.5 crore and above category, said Rajan Amba, Managing Director and CEO of Jaguar Land Rover India."(W)e believe customers who were hesitant will make that leap, and it should add to the growth in Range Rover and Range Rover Sport," said Amba.“This is the first time that these flagship brands are coming out of Sollihul (in the UK) are being made anywhere else.

₹29,999. While Poco only launched the F6 smartphone in India, the Xiaomi sub-brand also launched the Poco F6 Pro and Poco tablet in the global market. However, during the India launch of Poco F6, the company while not naming the latest device, did tease that it will soon launch Poco tablet along with the Poco TWS earphones in the country.

1. Bansuri Swaraj (BJP): Bansuri Swaraj is the daughter of the late Union Minister Sushma Swaraj. She is a New Delhi Lok Sabha candidate and is contesting against AAP's Somnath Bharti.

Shares of Inox Wind rallied 10% in today’s session to its fresh 52-week high of Rs 166 on BSE as the stock traded on an ex-bonus basis. Earlier in May, the wind turbine manufacturer had informed the exchanges about its intention to issue bonus shares in the ratio 1:3 to its eligible shareholders, meaning that for every 1 equity share held, 3 new equity shares will be issued.

PI Industries Ltd. traded 0.45 per cent down in Friday's trade at 01:02PM (IST). Around 7,240 shares changed hands on the counter. The counter opened at Rs 3660.05 and touched an intraday high and low of Rs 3682.2 and Rs 3597.2, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.

Colgate-Palmolive (India) Ltd. fell 0.84 per cent to Rs 2690.65 in Friday's session as of 01:08PM (IST) even as the equity benchmark Sensex traded 122.64 points higher at 75540.68. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2961.15 and a 52-week low of Rs 1567.65 on NSE. Around 3704 shares changed hands on the counter till 01:08PM (IST).

According to the One website, “As long as you use the BOBCARD One co-branded Credit Card within your approved credit limit, and pay the full outstanding by the due date, we wont charge you anything. However, in cases of delays in payments or part payments or using your card beyond the limit, there would be some charges levied.” What are Co-branded credit cards?

Non-mortgage security receipts formed 90% of the fresh issuances in 2023, and have seen a rise in volumes backed by retail non mortgage bad loans, research by India Ratings showed. Asset Restructuring Companies (ARCs) will have to scale up their recovery infrastructure to be able to deal with the change in dynamics. The ratings agency expects a sustained flow of unsecured asset classes being assigned to ARCs, particularly within segments such as personal and credit card loans. Recoveries of bad loans that are backed by large corporates and small and medium enterprises are still stretched despite improvements in legal resolutions.

«I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year,» says Ramanpreet Sohi, CFO, Honasa Consumer. It has been a good all-round performance for you, at least for the quarter gone by. Directionally, things are moving in the right spirit. I want to first understand with the growth, what you have reported, revenue growth of 20% and volume growth numbers which you have reported for the first time also is 20% plus. 20%, will that sustain for FY25 and are we likely to see a build up on that? No, of course, I think from a quarter perspective, pretty decent quarter for us. We have delivered about 23% value growth and volume growth is coming at 27%. And in fact, for the year, our volume growth was, in fact, about 40% and value growth for year perspective was plus 30%.

The counter opened at Rs 1122.7 and touched an intraday high and low of Rs 1124.65 and Rs 1108.0, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 614.45.

movies from India clocked over 1 billion views on Netflix in 2023, the streaming service said on Friday in its second engagement report. The report, titled «What We Watched: A Netflix Engagement Report», presented the streaming service's viewership data for the period of July to December 2023. Subscribers across the world watched about 90 billion hours of content on Netflix in the second half of 2023. From India, Sujoy Ghosh's «Jaane Jaan» was the most watched movie on Netflix with 20.2 million views, followed by Shah Rukh Khan's «Jawan» with 16.2 million views and Vishal Bhardwaj's "Khufiya" with 12.1 million views.

₹39,999, but now the phone has also received a significant discount, making the price of the smartphone even lower on Flipkart.OnePlus 12R was launched at a price of ₹39,999 for the 8GB RAM/128GB storage variant. However, the phone is now listed on Flipkart at a price of ₹36,605, which is a discount of ₹3,394 from the original launch price.