UPS Financial News

Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil Nadu. «The Chennai Metropolitan area is one of the key markets for Volkswagen in India. In 2023, our Virtus was one of the highest-selling sedans in this market. With this inauguration of our newest touchpoint in Chennai, we are emphasising our commitment to the rising need for premium, safe, and reliable vehicles throughout India..», Volkswagen Passenger Cars India Brand Director Ashish Gupta said in a company statement on Saturday. The new store 'KUN Capital Motors' is headed by Director Arun Uppuswami and has a five-car display and 25 service bays, among others.

KKR is all set to acquire Healthium Medtech ( formerly Sutures India) from its current PE owners Apax Partners for Rs 7000 crore ($840 mn) enterprise value after a hotly contested three way race that also included a consortium of Mankind Pharma — ChrysCapital and Novo Holdings, the controlling shareholders of Danish drug major Novo Nordisk, said people aware. KKR and Apax have signed the binding agreement for the acquisition of Bengaluru based Healthium Medtech and likely to make a formal announcement as early as Monday, the people mentioned above added. Healthium is the largest manufacturer of surgical needles globally by volume. Moneycontrol was the first to report on Saturday that KKR was the highest bidder for Healthium.

HPCL is looking promising. The way the stock managed to give breakout of five-week consolidation range, clearly series on series if we compare the open interest, it is a long build-up setup for BPCL as well as for the HPCL, says Rajesh Palviya, Axis Securities. Edited excerpts

The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%).

I am staying away from the IT space. This is the fifth quarter in succession that we are clearly staying away and you have not lost anything because your money worked itself to give you fantastic returns from the domestic plays, says Vinit Bolinjkar, Ventura Securities. Edited excerpts:

BSP on Saturday fielded its Punjab unit chief Jasvir Singh Garhi as its candidate from the Anandpur Sahib parliamentary constituency. The announcement in this regard was made by BSP's in-charge of Punjab, Haryana and Chandigarh Randhir Singh Beniwal. With this, the BSP has now announced its candidates for all the 13 Lok Sabha seats in Punjab, said Beniwal. The Anandpur Sahib seat is currently represented by Congress MP Manish Tewari, who has now been fielded from the Chandigarh Lok Sabha seat.

Karnataka), Security has been beefed up at the Mangaluru International Airport (MIA) after the airport authorities received an email about a bomb scare, police said on Saturday. Following the threat received on April 29, the CISF and the police got into multiple levels of security sweeps all over the airport. A First Information Report has been registered in Bajpe police station stating that a certain group identifying itself as 'Terrorisers 111' had sent the emails. The FIR quoting the email has stated that «there are explosives placed in three places in the airport and we expect large scale bloodshed will happen. This warning and threat should not be taken lightly.» Commissioner of police of Mangaluru city Anupam Aggarwal has confirmed that the FIR has been registered.

election will bring in change and their industry will get a much-needed revival. The once ubiquitous vendors selling bangles on carts have slowly faded away over the years and today you can see but a few, a visible sign of a once vibrant industry in decline. It has long been a symbol of local craft but now battles modern challenges, say artisans, factory owners and shopkeepers. The immense competition from plastic and metal bangles has eaten into their market share, resulting in a noticeable decline in sales of the traditional glass variety. «The demand for our handmade glass bangles is diminishing. The younger generation is not interested in learning our traditional art, and cheap plastic bangles are flooding the market. Also, not many women wear glass bangles now,» said Ram Lal, an artisan at Natraj Lakshmi Bangles.

Avenue Supermarts, which runs the popular DMart chain of retail stores, on Saturday, announced that its consolidated profit for the quarter ended March 2024 has jumped 22.4% to Rs 563 crore as against Rs 460 crore in the corresponding quarter of the previous financial year. The company's revenue jumped 20% year-on-year (YoY) to Rs Rs 12,727 crore. The retailer's EBITDA rose 22.3% YoY to Rs 943 crore while its operating profit margin also growth of 13 bps at 7.41%.

Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, on Saturday launched a mobile app for its chatbot which will compete with the likes of OpenAI's ChatGPT and Google's Gemini. In an event on Sunday, the company announced that it has opened up its cloud platform — Krutrim Cloud — to enterprises, developers and researchers, to help them develop technology products at lower costs.

Delhi…May 3, 2024…KARAM Safety, a leading global PPE player and fall protection solutions provider, is pleased to announce the successful acquisition of Midas Safety India, a prominent player in the hand protection safety products industry. This strategic move marks a significant milestone in KARAM Group's journey towards expanding its presence and enhancing its product offerings.

₹10,000 credit, then a ₹30,000 credit, all while he was on the call. Then, he suddenly gets all worked up and is like, ‘beta, mujhe toh ₹3,000 hi bhejne the par galti se ₹30,000 bhej diye, pls aap baaki paise wapas bhejde mai doctor sahaab ke yaha khada hu, unko dena hai paise’," she added. Further adding, she said, “The kind of urgency he was creating by crying out loud that he sent extra money, is at the doctor’s doorstep, sending UPI IDs to send the remaining amt back to etc.

Google Word Coach comes in. It's a fun, interactive tool that helps improve your vocabulary. Launched as an interactive feature within Google's search results, Google Word Coach appears when users search for word definitions or translations.

₹30,000. With a plethora of options available below the ₹30,000 price point, the question stands whether the OnePlus Pad is a worthy option almost a year after its launch Also Read | Apple iPad 10th Generation available for ₹28,000 during summer sale. Here's how to grab the deal The 8GB RAM/128GB storage variant of the OnePlus Pad is currently priced at ₹33,999 on Amazon, but with a ₹2,000 coupon, the price comes down to ₹31,999.

I own two houses. Both are taken on housing loans. I stay in the first house, and my parents remain in the second house. Can I take tax benefits for both properties? Can I also avail of the tax benefit for stamp duty and registration charges paid for the second property purchased in March 2024? I have already availed the first house's stamp duty and registration benefits. There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act.

Kotak Mahindra Bank Q4FY24 results: The Board of Directors of Kotak Mahindra Bank (“the Bank") approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai, today. The Bank’s PAT for FY24 increased to ₹13,782 crore from ₹10,939 crore in FY23, up 26% YoY. PAT for Q4FY24 stood at ₹4,133 crore, up 18% YoY from ₹3,496 crore in Q4FY23 (up 38% QoQ from ₹3,005 crore in Q3FY24).

During the Amazon sale, shoppers can enjoy exclusive offers on Alexa, Fire TV & Kindle, allowing them to save money and shop for other items. In addition to huge discounts, offers, and deals, customers can also benefit from significant bank discounts.

Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts:

Kotak Mahindra Bank on Saturday reported 18.22% year-on-year (YoY) increase in its standalone profit for the quarter ended March 2024 to Rs 4,133.30 crore while its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore. The PAT figure was higher than ET Now poll estimates of Rs 3,406 crore. Its net interest margin (NIM) during the quarter rose to 5.28% vs 5.22% in Q3 of FY24.

sovereign gold bonds (SGBs) are due for early withdrawal in May. You can prematurely withdraw your sovereign gold bond investment once it completes the fifth year. As gold prices continue to rise above Rs 71,000 per 10 grams, investors can expect attractive returns from their sovereign gold bond investments. How much tax will you have to pay if you withdraw prematurely? Should you withdraw your sovereign gold bond prematurely? ET Wealth Online explains the nitty-gritty of premature withdrawal of sovereign gold bonds and the key aspects an investor must consider before going for it.

Abuse the heavy discounts on various products across Amazon and stock up your wardrobe. In this article, check out the detailed information about the smartwatches during the Amazon Great Summer Sale 2024 that you can buy during this excellent sale at lowest prices possible. Scroll through the article and place your orders soon.