UPS Financial News

Pappu’ has been a common pet name in India, especially the North. In certain context, it is also used to denote a foolish or an ill-witted person. The BJP successfully used the name as a political tool in the run-up to the 2014 Lok Sabha elections to discredit Congress leader and Member of Parliament (MP) Rahul Gandhi.

The Gruffalo sound book. She was cheerily pressing each of the eight sound buttons—featuring the squeak of a mouse, the hiss of a snake, the cackle of the fox, the gruff laughter of the monster—while turning the pages of this classic story by Julia Donaldson and Axel Scheffler. The book would go with us everywhere—to playschool, play dates, and restaurants, where the sudden press of the laughter button would startle people at the neighbouring table into spilling soup.

The irony of an AI iPhone is that it could also help one company that Apple is least interested in helping. Investors are increasingly enthusiastic about such a device following Apple’s latest earnings. Those results showed a pronounced weakness in iPhone revenue during the March quarter, but that was already expected, and the company cushioned the news with a generous stock buyback.

Shares of Mahindra & Mahindra Ltd.(up 1.46 per cent), Balkrishna Industries Ltd.(up 0.87 per cent), Tata Motors Ltd.(up 0.28 per cent) and TVS Motor Company Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

Fox News Digital spoke to Hasbro SVP of Board Games Brian Baker, board game sommelier Alex Hart and Games4Two's Chris and Aly about the industry's 'renaissance.'

resignation of its joint managing director KVS Manian, who had been with the bank for almost three decades. In the aftermath of the RBI's intervention, Kotak witnessed a sharp decline in its share price, plummeting from a high of ₹1,846 on 24 April to a low of ₹1,544 by 3 May, just ahead of the release of the bank's March quarter results (Q4FY24), all within a span of six trading sessions. The Q4 results, announced on Saturday, came as a relief, boasting robust performance propelled by a surge in fee income.

PwC’s Integrated Accounts Payable Engine: This is a complete solution to drive touchless, paperless invoice processing with in-built tax compliance at the transaction level. It has an AI-based invoice reading solution and workflow to handle invoices (purchase order (PO) and non-PO based) and a supplier portal with 50+ other features. This GenAI-enabled tool can be used to handle vendor queries as well as onboarding and matching processes.

Bengaluru traffic police have issued a warning to commuters regarding potential traffic congestion near the bustling Majestic area, in anticipation of the third phase of Lok Sabha elections slated for May 7. With fourteen Lok Sabha constituencies in Karnataka gearing up for polls, a significant number of individuals from North and central Karnataka are expected to depart Bengaluru to cast their votes on Monday. To accommodate the surge in travelers, the Karnataka State Road Transport Corporation (KSRTC) has deployed additional buses for those heading to their hometowns to participate in the electoral process. Consequently, a heightened volume of buses is foreseen, which may lead to congestion around the Majestic area. In a statement, Bengaluru traffic police urged the public to be mindful of the situation, stating, «An appeal to the public, Due to the 2nd phase of Lok Sabha election in Karnataka state, a large number of people are going to their hometowns and KSRTC has left additional buses from Majestic / Kempegowda Bus Stand. There is a possibility of traffic congestion.» In light of the potential congestion, alternative routes have been advised:

Anil Gupta, Sr VP & Co-Group Head-Financial Sector Ratings, ICRA, in conversation with ET Now on RBI proposal for tighter project finance rules. Gupta says “given the market reaction, there could be a case where maybe more clarification will emerge as to whether 5% provision requirement is on the entire under-construction portfolio of the lenders or not. Our reading is that it is only for the cases where the project is under construction and has sought a DCCO extension. If that clarification comes, it should not be really negative for the sector because it is only a positive from the balance sheet perspective of the lenders that you are taking care of the risk which has gone up because of DCCO extension. It should not be negative for the credit flow. Seeing the implication of the RBI proposal for tighter project finance rules play out on the likes of an REC and PFC, gives us a sense of the negative implication for such Anil Gupta: Basically, the regulation which has come out is harmonising the guidelines which were there for banks and NBFCs earlier. For example, today if a project defers its DCCO and that deferment is within a period of two years, the standard asset provisioning norm for a bank is 0.4% and for an NBFC it is 0.25%. Now what this circular is saying is that even if there is a deferment of DCCO within a period of two years, because there have been some deterioration in the project fundamentals, the standard asset provisioning should increase to 5%.

price band at Rs 131-138 per equity share for its initial public offering which will hit the capital market on Thursday to raise around Rs 41 crore. The public issue of Energy Mission Machineries (India) will open on May 9 and conclude on May 13, and the shares will be listed on NSE SME's platform, Emerge, the company said in a statement. The public offer is entirely a fresh issue of 29.82 lakh Equity shares of Rs 10 face value and no Offer for Sale component, according to the red herring prospectus (RHP).

Dr Reddy's Laboratories is expected to post robust numbers in the fourth quarter ended March 2024, led by stable price erosion and improved US generic industry dynamics. According to an average estimate of four brokerages, revenue from operations in the January-March 2023 period is seen growing up to 18% year-on-year (YoY).

Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has re-filed preliminary papers with Sebi to raise funds through an initial public offering, an update with the markets regulator showed on Monday. This came after the regulator directed the company to re-file the draft papers citing insufficient disclosure of key performance indicators (KPIs), market sources said. The company's key performance indicators include its number of orders, average order value and annual transacting customers.

Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors. Post its quarterly earnings, JPMorgan upgraded the stock and raised its price target price. Domestic brokerage Motilal Oswal and Prabhudas Lilladher maintained their buy ratings while Nuvama and Kotak Institutional Equities retained their 'Hold' and 'Sell' stance.

«We are always going to have an exposure to new energy vehicle companies because a lot of innovation comes from those companies but there are some volatility issues that we have to grapple with and I think we have successfully done that in the context of the last fiscal year. So, we are very pleased with FY24 and the solid finish to the year that we had in Q4,» says Warren Harris, CEO & MD, Tata Tech. What has led to the revenue softness in the fourth quarter, especially the services segment for you? I would challenge the perception that growth has not been strong. If we look at the full year, we grew our business by 15.9% in Indian rupees. If we look at services specifically, we grew over 13%. I signalled in January that we had some runoff at VinFast as we transitioned from the completion of our engineering work to launch support.

PTI reported. The man was identified as Mazhar Iqbal, 30, a resident of Dhanore Jaralan village. Also Read | TN 12th Result 2024 Live Updates: Results out at tnresults.nic.in.

«Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,» says CK Venkataraman, MD, Titan Company. If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of the view that for Titan it is an okay quarter, it is not like a grand quarter. Perhaps, they were expecting a bit more. They are of the view that gold prices and competition has increased which in a sense was the problem point for Titan for the quarter gone by and could linger along for next couple of quarters. Is that true? Actually, we have certainly been investing a fair amount in growth. Growth has been our focus mantra for a while. And yes, the kind of sales growth that the quarters saw and what was announced also a few weeks back, the margin growth, I guess was not in line with that expectation.

The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of 604.0. About 92,561 shares changed hands on the counter so far.

(This story originally appeared in on May 06, 2024)

Britannia's executive vice-chairman and managing director Varun Berry said commodity prices could increase post elections especially for wheat and sugar, its key raw materials but aims to clock a double-digit volume growth even at the cost of slight margin erosion. «On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary,» Berry told analysts. «Post election and post monsoon, I would think we would be aiming towards double digit volume growth.» The Nusli Wadia-controlled company has also undertaken a route to market project to multiply adjacent businesses while continue to build its core biscuits portfolio. As part of its new initiative, the company will focus more on aligning its service towards high potential retail outlets with multiple salesmen, building AI enabled predictive ordering and upgrading the salesforce automation. The pilot is planned for the second half of the current fiscal and will be completed in a year.

Lok Sabha elections 2024 progress, Phase 3 is set to take place on May 7, with 93 seats across 12 states and Union Territories up for voting. This phase will see some key contests featuring prominent candidates from various parties. Several states will witness crucial contests, marking the culmination of electoral battles in these regions. In this phase, 2 seats in Goa, 26 seats in Gujarat, 7 seats in Chhattisgarh, and 14 seats in Karnataka will be up for grabs. Notably, the elections in Karnataka had already commenced in the second phase on April 26, with 14 seats in the state going to the polls. Additionally, voting will take place for two Lok Sabha seats in Dadra and Nagar Haveli and Daman and Diu. Furthermore, the electoral landscape will see action in 4 seats in Assam, 5 seats in Bihar, 8 seats in Madhya Pradesh, 11 seats in Maharashtra, 10 seats in Uttar Pradesh, and 4 seats in West Bengal. Among the prominent candidates whose electoral fortunes will be decided in this phase are Amit Shah from Gandhinagar, Shivraj Singh Chouhan from Vidisha, Jyotiraditya Scindia from Guna, Pralhad Joshi from Dharwad, Basavaraj Bommai from Haveri, and Badruddin Ajmal from Dhubri.

Also Read: Your Questions Answered: How is the Nifty 500 Index different from Nifty 50? Please elaborate The Nifty LargeMidcap 250 index is made up of 100 stocks from the Nifty 100 and 150 stocks from the Nifty Midcap 150 Index. But there's a big difference compared to other indices: it gives equal importance, or weightage, to both large and mid-sized companies. This means that half of the index is made up of stocks from the Nifty 100, and the other half is from the Nifty Midcap 150.