UPS Financial News

THE LEGENDARY New York art dealer Brent Sikkema was tangled up in an ugly divorce when he got on a plane to Rio de Janeiro before Christmas last year, looking for a fresh start. With its beaches and bossa nova, Rio offered an escape, a rollicking hot spot where the 75-year-old hoped to unwind and have some fun. Brent had long held sway over a cerebral corner of the New York art scene, promoting women and diverse artists in the early 1990s when few galleries or museums exhibited either.

MS Dhoni through every venue, and all the stadiums across India appeared yellow, filled with Chennai's supporters. They just want one glimpse of MS Dhoni with the bat, and it will be cherry on top if he slams some massive sixes on the final balls to take the game home. The Chennai Super Kings vs.

Raymond Chandler as a modern denizen Juniper Song fancies herself a modern-day Philip Marlowe, navigating Los Angeles guided more by Raymond Chandler’s masterworks than by Google Maps. Song, the creation of author Steph Cha, is a 20-something Korean-American who uses her private-eye skills to help friends in need. As much as she romanticizes Marlowe’s metropolis, Song’s L.A.

Weekly Tech Recap: From Apple launching two new iPad models to Sam Altman refuting reports that OpenAI is launching a new search engine ahead of Google I/O 2024 event, there's a lot to unpack in this week's tech recap. Without further ado, let's dive into the top 5 tech news of the week. Apple unveiled two new iPads at its Let Loose event this week, giving the company's tablet range a much-needed upgrade after a wait of around 18 months.

Voting for the fourth of Lok Sabha polls will be held on Monday for eight seats in Madhya Pradesh where BJP's sitting MP Shankar Lalwani is in the fray from Indore and Congress strongman Kantilal Bhuria from Ratlam. Of the total 29 seats in MP, polling is over in 21 in the first three phases of the general elections. On Monday, polling will be held in the ST-reserved constituencies of Ratlam, Dhar and Khargone, SC-reserved seats of Dewas and Ujjain, and Mandsaur, Indore and Khandwa. Voting will take place from 7 am to 6 pm for which 18,007 polling stations have been set up in the eight constituencies, as per officials.

Tesla chief Elon Musk's visit and potential investment in India and a slowdown in EV sales globally, longer-term investors are sensing enough opportunities in the Indian electric vehicles ecosystem. In the last year, EV-themed stocks have rallied up to 253% with at least 5 of them giving multibagger returns. The possibility of US tariff actions on Chinese EV companies this week by the Joe Biden government will also attract market attention in the favour of Indian companies.

Macrotech Developers is not in a «rat race» to become the top builder in terms of sale bookings and will rather focus on achieving consistent and predictable growth with high-profit margins, its MD and CEO Abhishek Lodha said. Macrotech Developers, which markets its properties under Lodha brand, registered a 20 per cent growth in its sale bookings (pre-sales) to a record Rs 14,520 crore last fiscal from Rs 12,060 crore in the 2022-23 financial year. It has given guidance of achieving 21 per cent annual growth in sale bookings this fiscal to Rs 17,500 crore. When asked about the reason for setting a conservative sale bookings guidance considering that few players posted more than Rs 20,000 crore pre-sales in FY24 itself, Lodha told PTI, «We are not in any rat race and neither our shareholders are bothered about any such rat race.»

Congress' Adhir Ranjan Chowdhury, TMC's Shatrughan Sinha, Mahua Moitra and Yusuf Pathan, BJP's S S Ahluwalia and Dilip Ghosh will be among the candidates whose fates will be decided in the EVMs as eight Lok Sabha constituencies in West Bengal will go to the polls in the fourth phase on Monday. Spread over Murshidabad, Nadia, Purba Bardhaman, Paschim Bardhaman and Birbhum districts, the problems flagged by voters in these constituencies vary from migrant labour, drinking water supply and drying up of industries, while the Citizenship (Amendment) Act (CAA) notification is a bone of contention between the TMC and BJP in some places. Polling will be held in Baharampur, Krishnanagar, Ranaghat (SC), Bardhaman Purba (SC), Bardhaman-Durgapur, Asansol, Bolpur (SC) and Birbhum in West Bengal in the fourth round of the Lok Sabha polls. Prime Minister Narendra Modi, Union Home Minister Amit Shah, West Bengal Chief Minister Mamata Banerjee and her nephew and party national general secretary Abhishek Banerjee held several public meetings and roadshows in support of their party candidates in these seats.

investors. The shares of Indegene will list on the exchanges on Monday and the unlisted market trends indicate robust listing gains for allotted investors.

Delhi gears up for the sixth phase of Lok Sabha elections on May 25, Union Minister General VK Singh exuded confidence that PM Modi's government will come to power for the third time in the ongoing elections. Speaking to ANI, General VK Singh said, «We have to give a message to the people of Delhi that PM Modi's government will come to power for the third time and the Sikhs are also standing in support of him.» When asked about being criticised by the opposition over BJP's slogan, 'Abki baar, 400 paar', Singh said, «Everybody has a different mindset. For some, it is negative but we think positively. We will win.»

Campaigning for the fourth phase of the Lok Sabha elections ended on Sunday, with 10 states in the fray in this leg of the polls. Scheduled for Monday, May 13, the fourth phase will see 96 constituencies, across 10 states and union territories, vote in the general elections. In this leg of the polls, there are 4,264 candidates in the fray, with the Telugu states of Andhra Pradesh and Telangana alone accounting for 1,103 and 1,488 candidates.

Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country's largest carmaker also aims to export around 3 lakh units in the ongoing financial year. «So CNG, this year, we did about 4,50,000 (units) in passenger vehicles. We are hoping to do something like 6,00,000 vehicles in FY24-25,» Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said in an analyst call. The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market.

ITR filing 2024: The Central Board of Direct Taxes (CBDT) enabled early last month ITR forms 1, 2, 3, 4 and 6 on the Income Tax Department’s e-filing portal for filing of income tax returns for the financial year 2023-24 (AY2024-25).

India’s real estate sector is experiencing a paradigm shift and transforming the landscape in tier 2 and tier 3 cities. The picture recent projections present of real estate prospects in these emerging markets is highly promising.

As property prices continue to rise, joint home loans have become a popular financing option for aspiring homeowners. More because joint home loans offer financial flexibility and increased buying power for acquiring your dream home.

Stock markets are an enigma from which there is little escape. At times, it seems as if the S&P BSE Sensex and NSE Nifty have become synonymous with everything that is happening in the country, including events that transcend the economy. High readings of the purchasing managers’ index (PMI) are routinely interpreted as a sign that the economy is buoyant, and this leads to stock-index gains.

Also read | Thank the productivity paradox: AI isn’t the job killer it’s feared to be To some extent, this explains how HCL Tech bucked the trend. Its revenue growth outpaced that of Infosys and Wipro in all four quarters of the previous fiscal year, while it beat that of TCS in two quarter, and nearly equalled it in one. TCS’s human resources head said the company has been “focusing more on utilising the capacity that we have built over the prior years".

gold loan market for raising funds, said CA Krishnan R, director & CEO of Unimoni Financial Services. «Though our major customers are farmers who avail loans during harvest season and close the loan when the harvesting season is over. We also have customers from retail traders, salaried middle class, self-employed and micro enterprises. Individual consumers are increasingly opting for gold loans to meet their needs, i.e. education, weddings, and medical expenses. Small businesses too have been showing increased interest in gold loans, as a secure means of raising working capital,» Krishnan said. He said that the upward trend in gold prices is also makes lenders’ portfolios safer because they can keep good loan-to-value ratios. Also, there has always been an affection for owning gold as part of our culture and coupled with increasing accessibility to gold loan services, sustains demand across diverse demographic segments. Additionally, going digital streamlines loan processes making them convenient besides reducing lenders’ operational costs while at it. All these reasons make India have a very strong gold loan market.

Kannauj (Uttar Pradesh): Considered a stronghold of the Samajwadi Party, Kannauj is set for a fierce battle between SP chief Akhilesh Yadav and the Bharatiya Janata Party's incumbent MP and perfume trader, Subrat Pathak. Kannauj seat has been considered a stronghold of the Samajwadi Party since 1998, but the seat witnessed a significant shift in the 2019 election when BJP's Subrat Pathak managed to secure victory. Kannauj known as the 'perfume capital of India' will go to polls in the fourth phase of the Lok Sabha election on May 13. The counting of the votes will take place on June 4.

Secunderabad, which has a history of a two-sided contest between BJP and Congress, is set to see a three-way contest with Bharat Rashtra Samithi (BRS) fielding Padma Rao Goud, a former minister and a sitting BRS MLA. Secunderabad has been under the control of either the BJP or Congress since 1957, except for a 10-year period starting from 1967 when M M Hashim from Telangana Praja Samithi won two consecutive terms. In the last twenty years, the voters in this area have switched their allegiance, giving two terms to Congress when the state was undivided and two terms to the BJP in the state of Telangana. BJP's journey towards dominance began in the early 1980s when their candidate, Bandaru Dattatreya, now the Haryana governor, narrowly lost to Congress's T Anjaiah, a former Chief Minister of the undivided Andhra, by around 8,000 votes.

food delivery platform Zomato is expected to put up a steady show in the January-March 2024 period after a solid last few quarters. The company is likely to see up to 75% year-on-year (YoY) growth in consolidated revenues, driven by healthy food delivery and hyperpure revenues. Sequential revenue growth is seen in the range of 3-9%. The food delivery app will report its earnings on Monday, May 13.