UPS Financial News

Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

The Wire, Parakala Prabhakar predicted that the BJP would win between 200 and 220 Lok Sabha seats while the National Democratic Alliance (NDA) would fall below the majority mark. The Wire's Karan Thapar asked Prabhakar, "If the BJP performs as poorly as you're expecting, what future do you see for Narendra Modi?" To this, the economist replied, "You know this is a complex question, but if you look around the world history, almost all dictators have ended their reigns either in handcuffs or in coffins." Parakala Prabhakar also stated that he expected to see a non-BJP government formed on 5 June, the day after the Lok Sabha Election Results will be counted.

Gauri Shankar Nagabhushanam is the Chief Executive Officer, designate CapitaLand India Trust (CLINT), with effect from 16 May 2024. He will assume the position of the Chief Executive Officer of CLINT around August 2024. Gauri is responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore. Prior to this appointment, Gauri was Chief Executive Officer, India Business Park at CapitaLand Investment, where he was responsible for growing the company’s business parks portfolio in India. This includes investments, development, operations, asset management, and strategic planning for business parks in the country.

Piyush Goyal, contesting a Lok Sabha election for the first time, asserted on Wednesday that he will surely win — but almost entirely because of the work done by Prime Minister Narendra Modi, adding that this election will determine the fate of India. «I recognise that we are all subsumed under Mr Modi's performance… It is gradually dawning on people that this is Modi's election,» Goyal told PTI during a road show — a slow crawling journey atop a decked up pickup truck that wound its way through a ward of Borivali in the Mumbai North constituency. Goyal, a Rajya Sabha member and a veteran manager of many an election campaign, including that of Lal Krishna Advani in 1989, replaced incumbent Gopal Shetty as BJP's candidate for the constituency. The elections are due on May 20. With four days left for campaigning, which ends on the evening of May 18, Goyal is crisscrossing all the assembly segments of the constituency every day in his truck in a set pattern: every morning, a few hundred party workers wearing orange caps, BJP scarves hanging down their shoulders and lotus sticker on their clothing, gather at the starting point of the road show.

Making Money host Charles Payne addresses the challenges of starting a small business.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

SBI Fixed Deposits: State Bank of India (SBI) has increased interest rates on its fixed deposits by up to 125 basis points (bps) on select tenors, effective May 15, 2024.

Prime Minister Narendra Modi has declared personal assets totalling Rs 3.02 crore in his election affidavit. Notably, the declaration includes Rs 2.86 crore invested in fixed deposits.

In recent times, India has witnessed a significant surge in gold rates. As of April 19, 2024, the price of gold stood at ₹6,765 per gram for 22 karat and ₹7,380 per gram for 24 karat. This increase in gold prices has a direct impact on the borrowing habits of individuals, especially in a country like India where gold is not just a precious metal but also a cultural symbol of wealth and security.

GSK plc on Wednesday announced positive data from the phase III trial which followed participants for up to approximately 11 years following initial vaccination with Shingrix.

Securing a home loan is a major financial step and it’s crucial to have a comprehensive understanding of the entire process. A home loan offers excellent tax-saving opportunities, and recent budget changes have further enhanced their attractiveness.

Mint, Alex Sinclair, GSMA's chief technology officer, said BharatGPT could be a potential solution. An initiative by Reliance Jio in collaboration with IIT Bombay, the generative AI (Gen AI) platform aims to serve speakers of 14-plus Indian languages, including Hindi. Sinclair said that other GSMA members, such as SK Telecom, Deutsche Telekom, and Singtel, are already sharing AI models in their respective languages.

claim settlement within the prescribed time limits, Employees Provident Fund Organisation (EPFO) has come up with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices. The EPFO stated in a circular dated May 8, 2024 that the periodicity in offices across the country was discussed and deliberated in the zonal review conference chaired by the CPFC (Central Provident Fund Commissioner).

Arab News. It wasn't long before large crowds were attracted to her stall. Today, Kavita's food stall is among Karachi's most famous food joints.

Baghel took to X, formerly known as Twitter, to share a video clip of himself making the statement before a group of people. The Congress is part of the Opposition's INDIA bloc, which has not yet declared its prime minister candidate. This has prompted speculation that Rahul Gandhi is the coalition's candidate for the post of prime minister.

High Court in Pakistan on Wednesday granted bail to Imran Khan in the 190 million pounds corruption case, in which the jailed former prime minister and his wife are accused of receiving land worth billions of rupees as a bribe from a real estate tycoon. A two-member bench of the Islamabad High Court had reserved the verdict on Tuesday after the completion of arguments. On Wednesday, the court asked Khan to submit a surety bond of Rs 1 million in order to secure bail. However, the order will not result in the ex-premier's release from Adiala jail since his sentences in the Iddat and cypher cases are yet to be suspended.

defence capabilities over the past decade under the leadership of Prime Minister Narendra Modi's government, according to NITI Aayog member VK Saraswat. Speaking to PTI, Saraswat, a former chief of the Defence Research & Development Organisation (DRDO), highlighted that the country now relies on arms imports only for immediate military needs. Strengthened Indigenous Defence Manufacturing Saraswat noted that currently, 60% of India's arms and ammunition are domestically produced, reflecting a substantial increase in indigenous manufacturing. He mentioned that major corporate entities like the Adani Group, Tata Group, and L&T are now manufacturing radar systems and guns within the country, further bolstering India's self-reliance in defence production.

Mankind Pharma on Wednesday reported a consolidated net profit of Rs 477 crore for the quarter ended March 31, 2024, which was up by 62.2% versus Rs 294 crore reported by the company in the year-ago period. The revenue from operations stood at Rs 2,441 crore versus Rs 2,053 crore reported in the year-ago period. It was up by 19% on a YoY basis.

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Jindal Stainless on Wednesday reported a net profit of Rs 501 crore for the quarter ended March 31, 2024, 30% lower than the profit after tax (PAT) of Rs 716.29 crore reported by the company in the corresponding period of the last financial year. The consolidated revenue from operations stood at Rs 9,454 crore for the quarter under review down from Rs 9,765 crore reported in the year-ago period. This translates into a 3.2% YoY decline.