UPS Financial News

Rahul Gandhi was named by the Congress as its candidate from Raebareli Lok Sabha seat, Union Minister and BJP's candidate from Amethi, Smriti Iron Friday said that Congress has conceded defeat from the constituency even before a vote was cast, adding that the opposition party would not have fielded a «proxy candidate» (Kishori Lal Sharma) if they were hopeful about the outcome of the polls. «I welcome the guests to Amethi. The fact that the Gandhis are not fighting in Amethi shows that even before a vote has been cast, they are losing from Amethi. If they had seen even a glimmer of hope, they would have contested and not put up a proxy candidate,» Smriti Irani told reporters in Amethi. Smriti Irani said that Rahul Gandhi's candidature from Raebareli is a «victory» for the people in Amethi.

Also Read: Lok Sabha Elections 2024: Rae Bareli's tryst with Gandhi family. Will Rahul Gandhi do it this time? “No member of the Gandhi family contesting from Amethi in itself is an indication that Congress has accepted its defeat from Amethi even before elections," reported ANI, quoting Smriti Irani. Smriti Irani, the BJP candidate and incumbent MP from Amethi, defeated Rahul Gandhi in the 2019 Lok Sabha election.

₹379.6 crore for the fourth quarter of FY24, a decline of 7.6% from ₹410.7 crore in the year-ago period. The tyre manufacturer’s revenue from operations in Q4FY24 rose 8.6% to ₹6,215.1 crore from ₹5,725.4 crore, on a year-on-year (YoY) basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the March quarter increased 5% to ₹885.7 crore from ₹843.1 crore, while EBITDA margin weakened to 14.3% from 14.7%, YoY.

₹79,900 in September 2021, but almost 3 years later, the premium smartphone from Apple can be bought for as low as ₹47,499 during the ongoing Amazon Sumer Sale. The iPhone 13 (128GB storage variant) is listed for a price of ₹48,999 on Amazon, and the price can be further reduced by up to ₹2,000 by making the payment through ICICI Bank Credit Card EMI mode. The iPhone 13 (128GB storage variant) is listed for a price of ₹48,999 on Amazon and the price can be furhter reduced by up to ₹2,000 by making the payment through ICICI Bank Credit Card EMI mode, takin effective price of the Apple device to ₹46,999.

Netweb Technologies, a prominent provider of high-end computing solutions (HCS) in the country, continues its winning streak as its shares hit the 5% upper circuit limit for the second consecutive session on Friday, reaching ₹1852 apiece. This brings them close to their all-time high of ₹1892, with just a 2% difference. This surge in the stock price began after the company reported a strong set of numbers for the March ending quarter and for the full quarter of FY 24.

Tata Elxsi Ltd. traded 0.78 per cent up at Rs 7100.0 at around 01:29PM (IST) on Friday. The stock had closed at Rs 7156.25 in the previous session. Equity benchmark Sensex traded 843.25 points lower at 73767.86 around the same time.

Marico Ltd. dropped 0.48 per cent to Rs 515.2 at 01:24PM (IST) in Friday's trade. The counter has hit a high of Rs 521.5 and low of Rs 510.9 so far during the session. The stock had closed at Rs 517.7 in the previous session. The counter has had a total traded volume of 9735 shares so far with a value of Rs 0.51 crore on the NSE. It traded at a price-to-earnings multiple of 45.04 and a price-to-book ratio of 16.29.

Vedanta, which have rallied 39% in the last month, are now hovering above all its significant EMAs on the daily time frame with target prices going above Rs 500. Vedanta has seen a decisive spurt after a breakout around at Rs 280 zone last month and has soared almost 50% since then in a near-vertical rally, levitating the counter to overbought terrain on technical grounds.

cryptocurrency market cap surged 3.1% to approximately $2.22 trillion over the last 24 hours. As of 12:13 pm IST, Bitcoin was trading 3.2% higher at $59,383. Meanwhile, Ethereum (2.5%), Solana (6.8%), XRP (2.7%), Dogecoin (5.3%), Toncoin (11.5%), Shiba Inu (5.2%), and Polkadot (4.8%) were also trading higher.

Adani Ports & Special Economic Zone with a target price of Rs 1,550. The current market price of Adani Ports & Special Economic Zone is Rs 1319.75. Adani Ports & Special Economic Zone, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 289242.60 crore) operating in Shipping sector.

Devina Mehra, Chairperson, MD & Founder,First Global, says: “Capital goods, industrial is now consensus trade. We went overweight on it in October 2021 when it was considered a dark sector. It took the market another two years to discover it. The Stocks have doubled, tripled, even quadrupled and we have been cutting exposure. We have been changing the stocks, but we do not hold as much as we used to, but we still are overweight. But that story may well get over in some quarters. On the other hand, the stocks which we still like are auto, pharma and some construction. While we are not hugely overweight on IT, we are waiting for it to bottom out. Sometime this year that will be the big opportunity.”

According to its latest monthly update, the £24.76bn fund took a «small» holding in the firm in April for an undisclosed amount. As its name suggests, the Nasdaq firm was founded and is still headquartered in Dallas, Texas. It produces both analog and embedded processing chips. Fundsmith Equity withholds name of new stock allocation Over the past year, the stock's share price has risen 7.6%, according to the index's data, and is up just under 50% over five years. Fundsmith Equity also invested in a second firm in April, but said it would reveal the stock «when we have accumulate...

According to the terms of the tender offer, shareholders will be able to tender up to 7.3% of the shares under their names on the register, with the option to go for additional shares if others tender less than their basic entitlement.  The tender price represents a premium of 63% to the closing market price per share of $0.47 on 2 May, according to USF's data. It allows for the purchase of up to 24.35 million shares at a price of $0.764 per share. This is equivalent to a $0.78 NAV per share, as of 31 December 2023.  US Solar Fund confirms $19m tender offer and eyes US private debt...

The IPO, which closes on May 10, includes fresh equity of Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other selling shareholders TBO Korea, Augusta TBO will offload the shares.

Britney Spears has recently made headlines following reports of an incident at the Chateau Marmont hotel in Los Angeles. According to multiple sources, including Daily Mail and TMZ, the pop icon was involved in an altercation with her rumoured boyfriend, Paul Richard Soliz. Reports claim that paramedics were called to the scene, sparking concerns about Spears' well-being and mental health. Several images circulated on social media showing Spears leaving the hotel barefoot and wrapped in a blanket, holding a pillow. While some reports suggested she was topless during this incident, Spears has refuted these claims on her Instagram account.

Indian Hotels Company Ltd. traded at Rs 569.65 on BSE at 12:38PM (IST) on Friday, down 1.09 per cent. The stock quoted a 52-week low price of Rs 347.5 and a high of Rs 622.25. Earlier in the day, the stock saw a gap down opening.

Student demonstrations spreading across U.S. campuses have drawn attention in Beijing, where comments by some officials and state media have conveyed sympathy for the protesters and criticism of what is seen as a U.S. double standard on protest crackdowns.

Appointment committee of Cabinet has approved the appointed Sanjaya Kumar Mishra, former Chief Justice, Jharkhand High Court as President GST Appellate Tribunal (GSTAT) for 4 years. The selection was made on the recommendations of a Search-Cum-Selection Committee. This will speed up the process of making the GSTAT functional at earliest. The Centre is planning to make the tribunal functional from July 1, officials had indicated earlier.

InterGlobe Aviation Ltd. traded 1.96 per cent down at Rs 4029.05 on Friday at around 12:17PM (IST), while the benchmark BSE Sensex declined 637.84 points to 73973.27. As many as 23,417 shares changed hands on the counter with a total value of Rs 9.6 crore.

road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. For commercial vehicles, the discount is 15%.

SBI Cards and Payment Services Ltd. traded 0.76 per cent down in Friday's trade at 12:28PM (IST). Around 24,764 shares changed hands on the counter. The stock opened at Rs 729.25 and touched an intraday high and low of Rs 734.6 and Rs 721.75, respectively, in the session so far. Shares of the company of SBI Cards and Payment Services Ltd. quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 678.8.