UPS Financial News

Southern Petrochemicals Industries Corporation Ltd.(up 2.17%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.95%), Zuari Agro Chemicals Ltd.(up 1.71%), Aries Agro Ltd.(up 1.43%), Chambal Fertilisers & Chemicals Ltd.(up 1.28%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.19%), Sikko Industries Ltd.(up 1.17%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.09%), Agro Phos India Ltd.(up 1.05%) and National Fertilizers Ltd.(up 0.92%) were among the top gainers.

prices for solar panels, which have slashed profits across the sector, don’t have much room to fall further, according to the chairmen of two of the industry’s biggest firms. The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange. Li answered written questions from investors at the event on Tuesday along with executives from other firms, including Trina Solar Co. and CSI Solar Co. The companies are trying to turn a corner after solar manufacturers saw profits vanish as a wave of new factories that were aimed at capturing a growing market came online in the past year. Instead, the new supply has overwhelmed demand, sending panel prices to record lows and annihilating margins.“The price of photovoltaic modules is currently at a low level, and there’s limited room for further decline,” Trina Chairman Gao Jifan said at the presentation.

RattanIndia Power Ltd.(up 4.33%), Transformers & Rectifiers(India)Ltd.(up 4.21%), Indowind Energy Ltd.(up 4.04%), PTC India Ltd.(up 3.70%), NLC India Ltd.(up 3.12%), SJVN Ltd.(up 2.53%), Hitachi Energy India Ltd.(up 2.10%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Indo Tech Transformers Ltd.(up 1.99%) and Jaiprakash Power Ventures Ltd.(up 1.90%) were among the top gainers.

US Dollar weak global trends, gold prices on MCX traded on a lacklustre note on Wednesday. Gold futures on MCX rose Rs 34 or 0.05% to Rs 71,182 per 10 grams while MCX July silver contracts gained Rs 111 or 0.13% to Rs 82,989 per kg. Gold and silver prices lost momentum and closed on a negative note on Tuesday.

ELSS funds which have delivered higher than 18 percent returns in the past 10 years. Let us first understand what ELSS mutual funds are? These refer to the mutual funds which have at least 80 percent investment in stocks in accordance with Equity Linked Saving Scheme (ELSS), 2005, notified by the Ministry of Finance. They have a lock-in period of three years (shortest amongst all other tax saving options) and are eligible for tax deduction up to ₹1.5 lakh under Sec 80C of the Income Tax Act.

Jammu & Kashmir Bank Ltd., incorporated in the year 1938, is a banking company (having a market cap of Rs 14249.30 Crore).

The Nifty future closed negative with losses of 0.78% at 22375 levels on Tuesday. India VIX was up by 2.71% from 16.60 to 17.05 levels.

Mahindra Financial Services Ltd. is Rs 256.8. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 31753.12 Crore) operating in NBFC sector.

₹52,999. The smartphone runs on Google's own Tensor G3 chipset and comes with 7 years of promised OS updates, Gemini AI integration and a dual camera setup. Google Pixel 8a features a 6.1 inch Full HD+ OLED HDR display with 120Hz refresh rate, a peak brightness of 2,000 nits and Corning Gorilla Glass 3 protection on the front.

University of Chicago on Tuesday after administrators who had initially adopted a permissive approach said the protest had crossed a line and caused growing concerns about safety. University President Paul Alivisatos acknowledged the school's role as a protector of freedom of speech after officers in riot gear blocked access to the school's Quad but also took an enough-is-enough stance. «The university remains a place where dissenting voices have many avenues to express themselves, but we cannot enable an environment where the expression of some dominates and disrupts the healthy functioning of the community for the rest,» Alivisatos wrote in a message to the university community.

private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.

Congress contesting 328 Lok Sabha seats, fewest ever. Details here In the second phase, the final turnout was 66.71%--a drop of about 3 percentage points from 2019.

At a time when Indian courts are overburdened with cases, it might seem irresponsible to ask for a ruling to be reviewed. Yet, it is sometimes necessary. As reported this week, a few large banks have decided to move the Supreme Court to resolve differences over borrowers tagged as ‘fraud accounts’ by lenders.

Margin Trading Facility (MTF) is a service provided by select brokers in India that allows investors to purchase securities by paying only a portion of the total transaction value, known as the margin. This margin can be paid either in cash or through shares held as collateral.

dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its economy. It last stood at 7.2247 per dollar.

Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year. The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March. For the Dow, it is now on its longest positive run since December 2023, gaining for the fifth session in a row.

Sensex fell 383 points to settle at 73,511 and Nifty declined 140 points to 22,302. Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday.

Saudi Aramco, an oil colossus, is planning to splurge. Microsoft is likely to spend more. The comparison with the famously capex-happy energy industry is apt not just because of the sums involved.

Pixel 8a is priced at ₹52,999 in India for the 8GB RAM/128GB storage variant and ₹59,999 for the 8GB RAM/256GB storage variant. The phone is currently available to order on Flipkart and it will go on sale at 6:30 AM on May 14. Google is offering a ₹4,000 instant discount by making the payment using SBI Bank Credit Cards.

Jo pichle Olympics main kami reh gayi thi woh ab yeh Olympics main puri karni hai (At the Olympics this year, I hope to overcome the things that were missing the last time around)." This is what Malik has been consistently chasing over the past few years, ever since she graduated to the senior level. At the age of 18, Malik qualified for the Tokyo Olympics in 2021, losing to the eventual silver medallist, Iryna Kurachkina, while missing out on a medal in the repechage round. “There was so much to learn from that competition.

2019 Lok Sabha elections, the Congress had fielded candidates on 421 seats. In 2014, it contested 464 seats and in 2009, the party fielded candidates on 440 seats. The party contested 417 seats in 2004 Lok Sabha elections.