UPS Financial News

emergency funds. While the idea of having an emergency fund is mostly agreed upon by everyone, where one parks the emergency money often results in different responses. In general, and for small amounts, a combination of a separate savings account and fixed deposits is enough.

₹24,999. The phone is powered by the MediaTek 8200 Ultimate chipset and will give direct competition to other devices in the sub- ₹25,000 price segment such as the OnePlus Nord CE 4, Poco X6 Pro and Nothing Phone (2a). Also Read | Best camera phones under ₹25,000 in May 2024: Tecno Camon 30, Realme 12 Pro, OnePlus Nord CE 4 and more The latest smartphone from Infinix starts at ₹24,999 for the 8GB RAM/256GB storage variant and goes up to ₹26,999 for the 12GB RAM/256GB storage variant.

₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares, with a face value of ₹10 each. This OFS involves the promoter selling shareholder, Peak XV Partners Investments V (formerly known as SCI Investments V), who plans to sell up to 6,615,586 equity shares. Other selling shareholders include Bisque Ltd, intending to sell up to 5,594,912 equity shares, and Link Investment Trust, likely to sell up to 85,201 equity shares, according to the RHP.

IndiGo makes long-haul foray, orders 30 wide-body aircraft How much can this translate into profits and how much has the airline earned from Pratt & Whitney as compensation will be known on Thursday. The last few months have seen airlines open up to compensation from Pratt & Whitney, which has run into millions of dollars, not all of which is a cash payout. Globally, the large airlines have reported their best-ever profits in FY24.

India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed. Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions. The West has imposed the sanctions against Russia since it invaded Ukraine in 2022 and has enacted price caps on oil and oil products loaded at Russian ports aimed at cutting Moscow's oil revenue that funds the war.

public life for indulging in Hindu-Muslim rhetoric everyday and «fostering hatred» in society, Congress president Mallikarjun Kharge has said. In an interview to PTI, Kharge alleged PM Modi's intentions are not clean as he is giving daily "hate speeches" with Hindu-Muslim rhetoric during the poll campaign. Noting that the PM talks about «taking away buffaloes» and «giving 15 percent budget to Muslims», Kharge said, «By saying such things, he is himself creating division in society». «On the other hand he claims that he has no right to be in public life if he talks Hindu-Muslim. As you talk such things everyday, you should quit public life,» the Congress president said.

energy demand, and a move towards renewable energy sources are driving a dramatic transformation of the Indian power sector. Both domestic and foreign investors may find lucrative investment opportunities in this sector. India's power consumption is expected to almost double due to urbanization, economic growth, and rising per capita income by 2040. India's growth trajectory is attracting investments across the value chain, positioning the country as a major player in the global energy markets, in our view.

Payal, an Indian woman from Punjab, celebrated her 16th wedding anniversary by purchasing a raffle ticket with money gifted by her husband, Harnek Singh. This decision led to a $1 million win in the Dubai Duty-Free (DDF) Millennium Millionaire series 461. The Lucky Ticket Payal bought the winning ticket, number 3337, online on May 3. She shared, «The money I used to buy the winning ticket came from my husband, who gifted me Dh1,000 on our wedding anniversary. I picked the ticket with the most number 3s in it.»

Sanju Samson's Rajasthan Royals will face a stern test of character as they look to arrest a shocking slide in a do-or-die IPL Eliminator against an in-form Royal Challengers Bengaluru, here on Wednesday. The Royals, at one stage, had looked set for a top-place finish in the league stage before a string of four defeats and a washout in the last game against KKR resulted in Sanju Samson's side finishing third behind Sunrisers Hyderabad. On the other hand, RCB have sensationally fought their way back from the brink of elimination. After losing seven of their first eight games this season, the team led by Faf du Plessis hit a dream run and finally knocked out defending champions Chennai Super Kings a few nights ago to seal a playoffs berth. If Rajasthan Royals are coming off four losses and a rained-off game, RCB have notched up six consecutive wins to sound a warning to their rivals that they mean business in the playoffs.

Tax harvesting involves strategically selling investments at a loss to offset capital gains and reduce tax liability. By realising losses, investors can decrease their taxable income, potentially saving money on taxes. This technique is commonly used to optimise investment portfolios.

Chennai Super Kings (CSK) captain MS Dhoni said that even though he does not play cricket throughout the year, there is no «discount for age» when he plays in the Indian Premier League (IPL). The 42-year-old Dhoni played for CSK in the ongoing IPL 2024, under the leadership of Ruturaj Gaikwad, to whom he handed over the captaincy ahead of this season. His team crashed out of the playoffs race after a loss to Royal Challengers Bengaluru (RCB) on Saturday. CSK finished at the fifth spot with seven wins, seven losses and 14 points and crashed out of the final four race due to an inferior net run rate. Speaking in a video on Dubai Eye 103.8 YouTube channel on Monday, Dhoni said, «The toughest thing is… I am not playing cricket throughout the year. So I have to be fit. Once I come, you are competing against youngsters who are fit and playing international cricket. Professional sport is not easy, nobody gives you a discount for age. If you want to play, you have to be as fit as the other guy. Age does not really give that grace to you. So, eating habits, a bit of training and all those things are there. Social media, thankfully, I am not on social media, so there's less distraction.»

Colgate-Palmolive (India) Ltd. fell 0.8 per cent to Rs 2669.3 in Tuesday's trade as of 12:22PM (IST) even as the benchmark Nifty ruled at 22536.2, up 34.21 points. The scrip had closed at Rs 2690.9 in the previous session. The stock quoted a 52-week low of Rs 1567.65 and a high of Rs 2961.15. The company quoted a market-cap of Rs 73436.12 crore on the BSE.

finance ministry is likely to raise the CPSE dividend estimates by Rs 5,000 crore to around Rs 53,000 crore for the current fiscal in the full budget to be presented in July. In the interim budget 2024-25, the government had pegged dividend estimates from non-financial central public sector enterprises (CPSEs) at Rs 48,000 crore for the current fiscal. «The estimates may go up by about Rs 5,000 crore in the final budget to be presented in July,» an official told PTI. The interim budget estimates were based on the estimates in December 2023, and January 2024, and the estimates in the full budget will be higher as we have a better picture of the dividend now, the official added.

Ashok Leyland Ltd. traded 0.33 per cent down in Tuesday's trade at 12:17PM (IST). Around 425,208 shares changed hands on the counter. The counter opened at Rs 211.25 and touched an intraday high and low of Rs 211.9 and Rs 209.2, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 211.9 and a 52-week low of Rs 144.2.

JSW Cement, a part of $24.25-billion JSW Group, on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Rajasthan’s Nagaur district. The new facility will be funded by a mix of debt and equity, the company said. The investment in the new facility will have a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, a statement from JSW Cement said, It added that the new plant will have an 18 MW waste heat recovery-based power generation system.

PI Industries Ltd. traded 0.21 per cent up in Tuesday's trade at 12:07PM (IST). Around 2,688 shares changed hands on the counter. The scrip opened at Rs 3589.05 and touched an intraday high and low of Rs 3595.0 and Rs 3547.1, 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.

Graduate students at the University of California, Santa Cruz walked off their jobs and went on strike Monday, the first campus to do so as part of a systemwide protest against a public university they say has violated the speech rights of pro-Palestinian advocates. United Auto Workers Local 4811 represents 48,000 graduate students who work as teaching assistants, tutors, researchers and other academic employees on the 10-campus UC system. Organizers said the campuses will not strike all at once, opting instead for rolling strikes, to protest the arrests and forcible ejection by police of union members who participated in demonstrations calling for an end to the war in Gaza.

DLF Ltd. traded 0.48 per cent up at Rs 855.35 at 11:57AM (IST) on Tuesday, even as BSE benchmark Sensex gained 13.35 points to 74019.29. The scrip had settled at Rs 851.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 967.0 and Rs 453.5, respectively.

Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert.

Hindustan Times report, CSK coach Fleming was the board's first choice to appoint as India's head coach after the T20 World Cup, however, the former Kiwi skipper expressed his reluctance to commit untill 2027. Sources also told HT that Fleming had made it clear with the BCCI in the initial discussions, after which the board started to look for other options inclduing Gautam Gambhir, Ricky Ponting, Justin Langer, Mahela Jayawardene.

₹73,892 per 10 grams around 11:20 am. Also Read: Silver prices up 18% year to date, can jump to ₹92k mark in 3 months; should you prefer silver to gold for investments? Experts expect gold prices to remain volatile in the near term. Kaynat Chainwala, senior manager of commodities research at Kotak Securities, pointed out that COMEX Gold prices pared gains after touching a fresh all-time high of $2454.2 per troy ounce on Monday.