UPS Financial News

car loans, you can make a savvy, informed decision and ensure your new car doesn’t become a financial speed bump. (Source: Paisabazaar; Rates and charges as of 20th May 2024)Bank of Maharashtra is offering a 0.25% interest rate concession for existing housing loan borrowers and corporate salary account holders. Similarly, Indian Overseas Bank provides a 0.50% interest rate concession to borrowers with credit scores of 800 and above, while those with credit scores between 750 and 799 receive a 0.25% concession.

SINGAPORE—For the past few years, the West has been trying to break China’s grip on minerals that are critical for defense and green technologies. Despite their efforts, Chinese companies are becoming more dominant, not less. They are expanding operations, supercharging supply and causing prices to drop.

Balkrishna Industries Ltd.(up 9.44 per cent), Samvardhana Motherson International Ltd.(up 2.01 per cent), Exide Industries Ltd.(up 1.09 per cent), Maruti Suzuki India Ltd.(up 0.47 per cent) and Tata Motors Ltd.(up 0.32 per cent) were among the top gainers.

Mankind Pharma Ltd.(up 1.74 per cent), Divi's Laboratories Ltd.(up 1.18 per cent), Biocon Ltd.(up 1.12 per cent), Cipla Ltd.(up 0.98 per cent) and Sanofi India Ltd.(up 0.92 per cent) were among the top gainers.

Donald Trump’s lawyers on Monday pressed the judge overseeing his hush money trial to stop the case from going to the jury and throw out the charges after prosecutors concluded their presentation of evidence.

It is not too difficult to do this nowadays if the employer maintains EPF accounts either with the Employees' Provident Fund Organisation (EPFO) or in an exempted trust. Transfer requests can be submitted online on the Member e-Sewa portal — irrespective of whether the transfer is happening within EPFO or from EPFO to an exempted trust or vice versa. Also Read: You could lose Section 80C benefit on EPF contribution due to this

Indian rupee inched up to its highest level in nearly a month in early trading on Tuesday but traders expect equity-related outflows and importer dollar demand to hurdle further gains in the local unit. The rupee was at 83.3250 against the U.S. dollar as of 10:00 a.m. IST, compared with its close at 83.3350 on Friday. Indian financial markets were shut on Monday.

Aarti Drugs with a target price of Rs 536. The current market price of Aarti Drugs Ltd. is Rs 489.25. Aarti Drugs Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 4490.57 Crore) operating in Pharmaceuticals sector.

BEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.

Balkrishna Industries, Kaynes Technology India, and Affle (India). 1] Premier Explosives: Buy at ₹2,477.6, target ₹2,626, stop loss ₹2,394; 2]Bharat Bijlee: Buy at ₹3,884.85, target ₹4,111, stop loss ₹3,744; 3] Kaynes Technology India: Buy at ₹3,234.35, target ₹3,399, stop loss ₹3,144; 4] Balkrishna Industries: Buy at ₹2797.95, target ₹2950, stop loss ₹2699; and 5] Affle (India): Buy at ₹1,233.85, target ₹1,299, stop loss ₹1,188. In the Nifty 50 during the special trading session on Saturday, May 18, range bound activity continued to push the market higher, closing the day up 35 points, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Oil India: In Q4FY24, Oil India reported a 10% sequential decline in consolidated net profit to ₹2332.94 crore, but a 17% YoY increase. The company’s revenue from operations rose by around 16% YoY to ₹10,166 crore. OIL’s board recommended a 1:2 bonus share issue and a final dividend of ₹2.50 per equity share (post-bonus) for FY24, in addition to the interim dividends already paid.

count of PSBs in India to 12 from 27 got policymakers to step off the pedal. Now with swelling profits stuffing public coffers, off-loading banks may slide further down the priority order. But banking remains much too public-sector dominated.

Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 21 According to him, option data suggests a broader trading range in between 22,000 to 23,000 zones while an immediate range between 22,300 to 22,600 levels. Meanwhile, Bank Nifty managed to hold support near 47,000 zones and reclaimed its 50 DEMA. Now it has to continue to hold above 47,777 zones for a bounce towards 48,250 then 48,500 zones, he added.

Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.

Gold prices inched up on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the U.S. Federal Reserve would start cutting interest rates later this year. FUNDAMENTALS

JPMorgan Chase & Co. told shareholders the timetable is “not five years anymore," in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way" with its succession plans, he said during the firm’s investor day.

OpenAI says it plans to halt the use of one of its ChatGPT voices after some users said it sounded like Scarlett Johansson, who famously voiced a fictional, and at the time futuristic, AI assistant in the 2013 film "Her." In a post on the social media platform X Monday, OpenAI said it is «working to pause» Sky — the name of one of five voices that ChatGPT users can chose to speak with. The company said it had «heard questions» about how it selects the lifelike audio options available for its flagship artificial intelligence chatbot, particularly Sky, and wanted to address them.

stock market traders to newbie mutual fund investors, all are waiting for June 4, 2024, to know the results of the Lok Sabha elections. In a recent television interview, Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. On whether the equity market was displaying nervousness because of concerns over election outcome, Modi said, «You see, the day election results come out, and throughout that week, those who punch trades will get tired.» Barring other factors, a lower voter turnout in the last few phases of the ongoing Lok Sabha Elections 2024 has made the Indian market jittery because of rising uncertainty over the poll results. Market insiders anticipate the stock market to remain turbulent and highly reactive to the news until the conclusion of the elections. A few days back, Union Home Minister Amit Shah asked investors to buy the dip before June 4, 2024, as the market will shoot up after that. He had also said that it was unfair to attribute to the elections.

The absurd collection of talent that lifted the Premier League trophy on Sunday—a group of dazzling players plucked from nearly a dozen countries—cost Manchester City some $1.4 billion to assemble. For yet another season, it was the most expensive squad in professional sports. But the club’s player of the year, the one who lit up the team and scored the goals that finally sealed the title, was a guy it picked up for free.

₹1,347 in the industry for the third consecutive quarter, according to Nomura Financial Advisory and Securities (India). Shree Cement remains the lowest-cost producer, added the Nomura report. Fuel costs were largely stable at ₹1.82/kcal in Q4FY24 and are expected to remain at this level in Q1FY25, the management said.

Q4 results on May 21: At least 28 companies are scheduled to announce their FY24 fourth quarter (Q4) financial results today, on Tuesday, May 21. Also Read | Q4 results this week: ONGC, ITC, NTPC, Sun Pharma, Nykaa among companies to declare earnings The fourth quarter earnings season for FY24 began in April second week and is still ongoing.