UPS Financial News

MUMBAI : Having achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring the lender’s optimism around a sector that contributes nearly 30% to the gross domestic product (GDP) and is a significant job creator. “We are growing our SME (small and medium enterprise) book and we have added new products. Like startups, it is not only a lending business and there is a liability side of the business too," Rajat Verma, managing director and head of institutional banking at DBS Bank India said in an interview.

Also Read: ‘Market expecting positive end to the elections’ Despite the recent fall, the Home Minister remains optimistic on the Indian stock market and isn’t too worried about the decline, said the NDTV report. “Whenever there is a steady government, markets do well. Modiji is coming back as the prime minister for the third time," he told the news channel.

Times Now that the results are likely to be out before May 20. Results for CBSE Classes 10 and 12 were released on May 12 last year.

ABB India share price surged over 8% to touch a 52-week high on Monday's session following its March quarter results. ABB India reported a more than 87% spike in net profit to ₹460 crore in the March 2024 quarter, driven by greater revenues. The previous fiscal year's similar quarter earned a profit after tax of ₹245 crore, according to a company's exchange filing.

Arvind Kejriwal at the CM's residence, sources told Mint. She has approached the Delhi Police for investigation, they added.

Stock market crash: After logging a bounce back on Friday last week, the Indian stock market again came under the selling pressure as frontline indices lost up to one percent in early morning session. The Nifty 50 index opened lower at the 22,027 mark and touched the intraday low of 21,821, whereas the BSE Sensex opened lower and touched an intraday low of 71,866. The Bank Nifty index also had a gap down, opening at 47,389, and the index touched an intraday low of 46,983.

Interest rates are typically lower compared to those of personal or home loans, says Pramod Kathuria, Founder and CEO, Easiloan.

ABB India in Monday’s trade jumped 8.5% on BSE to its new 52-week high of Rs 7,792.40 after the company reported an 87% jump in net profit at Rs 460 crore in the March 2024 quarter on the back of higher revenues. During the quarter, consolidated revenues came in at Rs 3,080 crore, up 28% from Rs 2,411 crore posted in the year-ago period.

Cotton Association of India (CAI) on Saturday estimated cotton exports to rise about 27 per cent to 28 lakh bales during 2023-24 crop year ending September. In 2022-23 crop season (October-September), cotton exports were at 22 lakh bales, CAI said. One bale is equal to 170 kilogram.

Federal Bank Ltd. traded 0.4 per cent down at Rs 159.2 on Monday at around 11:16AM (IST), while the benchmark BSE Sensex declined 503.53 points to 72160.94. As many as 173,173 shares changed hands on the counter with a total value of Rs 2.75 crore.

Mother's Day auroras? Northern lights show may continue tonight The expulsions of plasma and magnetic fields from the Sun, known as CMEs are expected to reach Earth late Sunday or early Monday, "causing severe or extreme geomagnetic storms once again," said Keith Ryden, who heads the Surrey Space Centre in England to AFP news agency. But scientists said the intensity of anything seen Sunday night might not reach the level of Friday's show. Why do we get auroras on Earth after eruptions occur on Sun? NASA says THIS Friday saw the first "extreme" geomagnetic storm since October 2003 that caused blackouts in Sweden and damaged power infrastructure in South Africa.

Tata Motors: The company reported a 222% surge in net profit to ₹17,407.2 crore in Q4FY24, driven by strong performance across all auto businesses. The company's total revenue rose 14.3% to ₹1.2 lakh crore. The board recommended a final dividend of ₹6 per ordinary share and ₹6.20 per ‘A’ ordinary share for FY24.

demat account will include the shares that are assigned to them. Also Read: Aadhar Housing Finance IPO allotment to be out on May 13. Latest GMP, steps to check application status For those who weren't granted shares, the refund procedure will begin on Tuesday, May 14 On the same day, individuals who were allotted shares will get them in their demat accounts.

Read the full story here.)Sensex Today Live : Indian benchmark indices were expected to open on a muted to positive note, tracking subdued trading among Asian peers, which were weighed down by the weak economic data in China.At 8:06 am, Gift Nifty futures were trading at 22,107, marginally ahead of Nifty 50's Friday close of 22,055, reiterating the liklihood of a muted to positive opening for Indian marketsA rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing U.S. economic growth.European shares posted their biggest weekly gain since late January, with the pan-regional STOXX 600 index rising for a sixth straight session, while the FTSE 100 in London hit yet another record high.The Dow industrials index registered its eighth daily advance as the three major Wall Street indexes posted weekly gains but the Nasdaq closed marginally lower on the day.Strong performance on both sides of the Atlantic, along with gains overnight in Tokyo and elsewhere in Asia, pushed MSCI's all-country world index within 0.2% of a record closing high.U.S.

elections to the 175-member state Assembly being held on Monday. Follow all Live Updates on Phase 4 Polling Here Elections to 175 assembly seats and 25 Lok Sabha seats of Andhra Pradesh are being held simultaneously in the fourth phase of the general elections 2024 on Monday.

Varanasi are all set to welcome their MP and Prime Minister Narendra Modi for a road show in the evening, the day before his nomination on May 14th from Varanasi Lok Sabha. Prime Minister Narendra Modi is seeking his third consecutive term from Varanasi.

candidates in contention, including key political figures from various parties. With the completion of this phase, 379 seats will have completed voting, marking a significant milestone in the electoral process.

Multiple communities in western Canada issued emergency evacuation orders and alerts this weekend due to wildfires, which experts say are more active than expected this time of year.

Before I Forget. One, he’s a keen observer and true to his craft as a veteran theatre director, actor and cultural activist, sets the scene like a stage.

SBI management was how long and how far RoE can be stretched without diluting equity. The management appears confident of avoiding equity dilution and articulated well to convey that cost of equity is much higher than cost of debt as the equity investor expects higher returns than the debt investor. In their opinion, the existing capital adequacy position should be able to support about 20% expansion in loan book from ₹37 trillion as of March 2024.

Mint spoke to Saugata Gupta, MD & CEO, Marico Ltd, on the company’s plans to improve top-line in the coming quarters—after successive price cuts in its Saffola edible oil portfolio impacted revenues. The company has also announced investments to ramp up direct distribution in a move to reach more rural markets. It is working on expanding its food distribution.