UPS Financial News

The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia

Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.

₹210.2 crore from ₹136.5 crore, as per the exchange filing. Endurance Technologies consolidated total income rose by 20% year over year to ₹2,711.3 crore from ₹2,255.2 crore. Endurance Technologies share price today opened at ₹2,202.25 on BSE, the stock touched an intraday high of ₹2,317.55 and an intraday low of ₹2,166.45.

The price change in 24 carat gold in the last one week has been -0.34% .whereas in the last month it has been 0.26%. The cost of silver is Rs.86400.0 per kg up by Rs.1640.0 per kg. Gold Price Today in Delhi is ₹75127.0/10 grams.

Info Edge India, which owns portals such as naukri.com, Jeevansathi.com and Shiksha.com, rose 8 per cent in early trade on BSE on Friday, May 17, a day after the company announced its March quarter scorecard. Info Edge share price opened at ₹6043.85 apiece against its previous close of ₹5867.45 and soon jumped 8 per cent to the level of ₹6,338.55. Around 10 am, Naukri share price traded 6.90 per cent up at ₹6,272.40 on the BSE.

Ukraine-Russia conflict since Vladimir Putin started the invasion of Ukraine in February 2022. He made phone calls with Putin and Volodymyr Zelansky to ensure safe passage for Indians stranded in war-torn regions. Putin and Zelensky have invited him to their respective countries after the Lok Sabha elections 2024.

NEW DELHI : Logistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year. “We placed orders for two ships in the last financial year but unfortunately shipyard in Japan cancelled it at the last minute.

GE T&D India Ltd.(up 4.95%), RattanIndia Power Ltd.(up 4.77%), Indowind Energy Ltd.(up 4.61%), India Power Corporation Ltd.(up 2.33%), Torrent Power Ltd.(up 2.15%), JSW Energy Ltd.(up 1.99%), GE Power India Ltd.(up 1.76%), Power and Instrumentation(Gujarat)Ltd.(up 1.66%), Orient Green Power Company Ltd.(up 1.26%) and Hitachi Energy India Ltd.(up 1.19%) were among the top gainers.

Bharat Electronics Ltd. traded at Rs 241.65 on BSE at 10:20AM (IST) on Friday, up 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 105.75 and a high of Rs 244.0.

State Bank of India(up 0.87 per cent), Bandhan Bank Ltd.(up 0.65 per cent), Kotak Mahindra Bank Ltd.(up 0.53 per cent), Punjab National Bank(up 0.44 per cent) and Au Small Finance Bank Ltd.(up 0.39 per cent) were among the top gainers.

Rajshree Sugars & Chemicals Ltd.(up 3.99%), Triveni Engineering & Industries Ltd.(up 3.36%), Dhampur Sugar Mills Ltd.(up 2.33%), Bajaj Hindusthan Sugar Ltd.(up 2.19%), Kothari Sugars & Chemicals Ltd.(up 1.37%), Sakthi Sugars Ltd.(up 1.34%), Shree Renuka Sugars Ltd.(up 1.20%), DCM Shriram Industries Ltd.(up 1.14%), Simbhaoli Sugars Ltd.(up 1.08%) and Uttam Sugar Mills Ltd.(up 1.04%) were among the top gainers.

InterGlobe Aviation Ltd. gained 1.09 per cent to Rs 4336.9 in Friday's trade as of 10:14AM (IST). It hit a high of Rs 4391.0 and low of Rs 4290.55 during the session. The stock quoted a 52-week high price of Rs 4391.0 and a low of Rs 2230.45. The return on equity for the stock stood at 0.0 per cent. About 8,519 shares have changed hands on the counter so far.

dual-use materials and weapons components to Russia, Beijing has no interest in dropping its backing for President Vladimir Putin, analysts say. While China does not want to upend its ties with the West, and insists it is not sending lethal weapons to Moscow, Washington has stressed that Russia would struggle to sustain its assault on Ukraine without Beijing. On Thursday, Putin arrived in China on a two-day visit as Moscow is seeking more support from President Xi Jinping for the war effort in Ukraine following multiple rounds of Western sanctions.

Ukraine has retaken half of the territory Russia seized at the beginning of the war – and one day it will be a NATO member, the alliance’s top soldier said.

NOTE:The following article contains content about suicide that some might find disturbing. Please read at your own discretion.

Washington: It's time for Indian Americans to run for office at all levels and never miss to vote, influential Congressman Raja Krishnamoorthi told community members gathered here from across the country. «We have to vote. Will everyone here vote in that coming election? Because we can talk politics all day, but doing politics is what matters. Remember, politics is not just a noun, it's a verb. And we have to do politics this year. We have to vote,» Krishnamoorthi told a room full of eminent Indian Americans who had gathered in the American Capital for the annual summit of Indian American Impact, a Democratic think-tank. «Secondly, we have to work on political causes bigger than ourselves. We have to support our local mandirs. We have to support our local mosques. We have to support our local not-for-profits. I hope you do that and you give generously. But we also have to work on political issues bigger than ourselves,» said the Indian American Congressman, who represents the suburb of Chicago in the House of Representatives. «Whether you're Democrat, Republican, independent, I don't care as long as you recognize that you need to participate in the civic affairs of your country. And now is the time to do it,» he asserted.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 295070.74 Crore) operating in Auto sector.

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

owner of Ego Media, the company responsible for installing the massive billboard in Mumbai's Ghatkopar area which collapsed earlier this week in the face of strong winds and rainfall, leaving 16 dead and 75 injured; was brought to Mumbai in the early hours of Friday for further legal proceedings, police said. Bhavesh Bhide, the owner of the company that put up the giant billboard, was arrested by the Mumbai Police Crime Branch from Udaipur in neighbouring Rajasthan on Thursday. «Owner (of the company that put up the billboard) Bhavesh Bhinde, who was arrested by the Mumbai Police Crime Branch from Udaipur, has been brought to Mumbai,» a police officer confirmed on Friday.

Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S. Department of Justice unveiled a historic proposal to ease restrictions on marijuana. Under the proposal, cannabis would be reclassified from a so-called Schedule I drug, which are considered highly additive with no medical benefits, to a Schedule III, signifying it has moderate to low potential for physical and psychological dependence.

NTPC Green Energy to bid for National Investment and Infrastructure Fund-owned Ayana Renewable Power, according to people aware of the matter. They said ONGC and NTPC Green Energy may explore a joint offer or the former could bid solo. Ayana’s enterprise value has been pegged at about $2 billion. JSW Neo Energy, Sekura Energy, Masdar, Macquarie and Sembcorp have submitted non-binding offers to acquire a controlling stake in the Bengaluru-headquartered renewable energy company, ET had first reported on May 4. NIIF will draw up a shortlist of bidders over the next few weeks after which they will be allowed to conduct detailed due diligence on the company and submit binding offers, ET had reported. ONGC formed a new company in February to house its green energy investments. ONGC Green will invest in wind and solar power plants as well as green hydrogen and green ammonia. NTPC Green, which was carved out of listed NTPC two years ago, has announced plans for an initial public offering (IPO).