UPS Financial News

Delhi Chief Minister Arvind Kejriwal after he walked out of Tihar Jail post the Supreme Court decision to grant him interim bail till June 1, BJP leader and former Haryana minister Anil Vij said «neither he can use the Chief Minister's signature nor he can go to the Chief Minister's office.» «The one who was arrested and who went to jail was Chief Minister Arvind Kejriwal. But bail has been granted, only to Arvind Kejriwal. The Chief Minister is still inside because neither he can use the Chief Minister's signature nor he can go to the Chief Minister's office,» the former Haryana minister told ANI. Meanwhile, CM Kejriwal will hold a meeting with the Aam Aadmi Party MLAs in the national capital on Sunday. This will be his first meeting with legislatures after he walked out of Tihar Jail.

Gautam Adani-led group's flagship firm that has interests spanning from new energy to airports and data centres, plans to spend ₹80,000 crore across businesses in the current financial year, a senior company executive said. A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company.

Asaduddin Owaisi is up against the Bharatiya Janata Party (BJP) candidate, Madhavi Latha from the seat. The saffron party has for the first time fielded a women candidate from the Hyderabad seat. The Congress has fielded Mohammad Waliullah Sameer while the BRS has fielded Gaddam Srinivas Yadav from the Hyderabad seat in 2024.

Iran-based Houthi rebels launch drone attack on 4 ships in Indian Ocean, Red Sea He reiterated that in 2019, saying that building and stockpiling nuclear bombs was "wrong and using it is haram", or religiously forbidden. But Iran's then-intelligence minister said in 2021 that Western pressure could push Tehran towards nuclear weapons.

patience is a virtue. And one of the key aspects of life, where the value of patience materializes, is in the domain of investing. Long-term investors often have time horizons of more than a decade, to watch the seeds of their investment grow into reward-bearing fruits. But this basic truth of investing seems to be getting lost in today’s world of short attention spans and instant gratification.

Shri Badrinath Dham in Uttarakhand opened its doors for devotees at 6 am on Sunday morning amid chimes of melodious tunes by the Army Band with complete rituals, vedic chants and slogans of 'Badri Vishal Lal Ki Jai'. Shri Badrinath Dham opened its gates for devotees after a break of six months. The shrine of Shri Badrinath Dham is located among the snow-capped mountains of Chamoli district in Uttarakhand state. Thousands of devotees thronged the entry of Badrinath Dham, with the entrance decked up with flowers. Located in Garhwal hill tracks in Chamoli district along the banks of Alaknanda River, Badrinath Temple is dedicated to Lord Vishnu.

Voting for the fourth phase of the Lok Sabha elections in Uttar Pradesh covering 13 parliamentary constituencies will take place on Monday, with all eyes on the prestigious Kannauj seat from where SP president Akhilesh Yadav is seeking a re-election. Another prominent candidate in the fray in this round is Union Minister of State for Home Ajay Mishra Teni, who is contesting from Kheri. Voting will take place in Shahjahanpur (SC), Kheri, Dhaurahra, Sitapur, Hardoi (SC), Misrikh (SC), Unnao, Farrukhabad, Etawah (SC), Kannauj, Kanpur, Akbarpur and Bahraich (SC). A total of 130 candidates are in the poll fray in this phase.

AFP, Swiss rapper and singer Nemo, aged 24, clinched victory in the contest with their song “The Code," blending elements of drum-and-bass, opera, rap, and rock. The song explores Nemo's personal journey of self-discovery as a non-binary individual. “‘The Code’is about the journey I started with the realization that I am neither a man nor a woman," Nemo said.

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

Bangladesh Innings Highlights : Bangladesh vs Zimbabwe Live Score: Bangladesh Mahmudullah 51 (37) Shakib Al Hasan 18 (14) Zimbabwe Sean Williams 0/12 (1) Bangladesh vs Zimbabwe Live Score: SIX! HAMMERED! Tossed up on off, Shakib Al Hasan clears his front leg and smashes this well behind the ropes towards the deep mid-wicket region for a maximum. Shakib Al Hasan looks to be shifting gears.

gold in the last one week has been -0.92% .whereas in the last month it has been 3.14%. The cost of silver is Rs.84470.0 per kg up by Rs.170.0 per kg. Gold Price Today in Delhi is ₹74103.0/10 grams.

ageing parents and children, especially on this occasion of Mother's Day: In an era of escalating healthcare costs, having robust health insurance coverage is essential. Setting up a dedicated parents' support fund, alongside investing in health insurance, can provide a safety net for unforeseen medical expenses. This fund should be distinct from contingency funds and can be invested in instruments such as arbitrage or liquid funds for liquidity and stability.

Sandeep Tandon, CIO, Quant Mutual Fund, says “metals, PSU, pharma are very big themes and will lead the market. FMCG is also showing early signs of bottoming out. Each and every stock has not bottomed out, but some characteristics are there where we will look for a buying opportunity at bottom levels. I am not in a hurry so that we have to buy today only, but they are showing early signs of bottoming out.” Any specific reason why FIIs are selling because I can understand that the local crowd can get jittery, but FIIs typically have a very long view. They are often buyers when there is distress. Right now, FIIs are causing distress with rampant selling. Who are these FIIs who are selling and why are they selling in the month of May? Sandeep Tandon: It is not only in the month of May, FIIs have been sellers for a while. They used to run very concentrated holding in the past. If you can recollect, few banks, few technology companies, few FMCG and few consumption names was their thesis. So, they made very concentrated bets. All these stocks which they owned were part of the admired territory which peaked in September 2021 and are still correcting.

Shashwat Goenka, Vice Chairman, RPSG Group, says that right from the energy business to the manufacturing business of carbon black which is now diversifying into chemicals, the retail business, the consumer business, the media or the entertainment business, across all verticals and even the BPO business, the group is going to go through a lot of transformation, a lot of growth – organic and inorganic – over the next couple of years. What has changed in Kolkata? Shashwat Goenka: Over the last few years, a lot has changed in Kolkata and I do not know when was the last time you came here. But if you actually just drive around, you will see the amount of infrastructure development that has taken place. And I think what has also changed over the last two years is a lot of people are now moving back to West Bengal. People originally who were from here who had moved out, a lot of them are moving back. So, that is a reflection of the transformation that we have seen in the state.

Nifty 50 ended with weekly declines of 2.6% amid significant volatility where the India VIX shot up to a 52-week high. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «Indian stocks witnessed a sharp correction after reaching record highs. Investor sentiment turned cautious due to the upcoming elections and aggressive selling by foreign institutional investors (FIIs). This selling pressure overshadowed a strong performance in global markets, keeping domestic indices under pressure throughout the week,» said Santosh Meena, Head of Research at Swastika Investmart.

Raamdeo Agrawal, Chairman, Motilal Oswal, says “in the last 25 years, total savings in the Indian economy was $10-12 trillion. But in the next 25 years, it is going to be $100 to $150 trillion and it is going to hit us every day. It is hitting us every day. This is the journey of India. By 10th or 12th year, India would be accumulating almost $5-6 trillion of savings per year. We are going to give birth to Morgan Stanley, Merrill Lynch, a big JPMorgan or big asset management company out of India with a serious scale.” There are a lot of themes in this market, PSUs, defence, railways but one theme which you have really understood over the years is autos and auto seems to be in a great patch now. Two-wheelers are doing well. Escorts is also looking well. Maruti is doing well, Tata Motors is doing well. Do you see this kind of a comeback in the autos, especially at the discretionary end of the market, to last for the next two-three years? Raamdeo Agrawal: So long as you have the rallies going on in the capital market, which is another source of what you call wealth creation for the people at large, they are going to use their market cap power or financial wealth that they have created in their portfolios for buying discretionary stuff, whether it is high-end housing, high-end cars, high-end fashion, travel, all luxurious things.

Insanity Bets ($IBET) has gone viral with its $1M presale jackpot.

Joe Biden said that a ceasefire in the war in Gaza is possible «tomorrow» if Hamas released the hostages in its captivity. He was speaking at a fundraiser event in Seattle on Saturday (local time). «Before I begin, let me answer a question related to the hostages...You know, there would be a ceasefire tomorrow if...Hamas released the hostages, women, the elderly, and the wounded,» Biden said.

Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Trump. Through a combination of cost overruns and the bad luck of opening in the teeth of the Great Recession, it was also a vast money loser.

Pune weather: IMD issues orange alert as unseasonal rains bring temperature down Further, the MeT has forecast hailstorms along with gusty winds (40-50 kmph) over the isolated pockets of east Madhya Pradesh, Vidarbha, and Chhattisgarh. The squally wind (50-60 kmph) may occur over madhya Maharashtra and west Madhya Pradesh on May 13, it added. The IMD said that due to thunderstorms in several regions around India, the heatwave has abated and may not develop during the next three days.