UPS Financial News

blamed “xenophobia" for stalling economic growth in Japan, China and India. His comment will be read with a lot of surprise, especially in India, as will his characterisation of India’s economic growth as “stalling", and clubbing it with the decidedly slow-growth club of China and Japan. Biden made the comment at a fundraising event for his 2024 re-election campaign, so it could be argued that it was for a domestic audience.

Also Read: 'Na rahega baans, na bajegi bansuri…' Rahul Gandhi accuses PM Modi govt of 'snatching away' reservation "All this drama & build up for what? With Rahul Gandhi running away and surrendering out of Amethi & fielding somebody like KL Sharma, it is evident that Congress has given up on Amethi. They too realise that Rahul stands no chance in front of Smriti Irani," said the BJP National Spokesperson in a post on X, formerly Twitter. Poonawala said the Congress sent Rahul to what they consider a safe seat in Rae Bareli.

Nifty ruled at 22648.05, down 0.16 points. The scrip had closed at Rs 1056.05 in the previous session. The stock quoted a 52-week low of Rs 604.0 and a high of Rs 1076.35. The company quoted a market-cap of Rs 84484.0 crore on the BSE.

Benchmark NSE Nifty index fell 17.15 points to 22665.35 amid buying in frontline bluechip stocks.

Bharat Electronics Ltd. traded at Rs 235.6 on BSE at 10:35AM (IST) on Friday, up 0.38 per cent from previous close. The stock quoted a 52-week low price of Rs 103.65 and a high of Rs 241.5.

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Amol Joshi, Founder, PlanRupee Investment Services, says: “A liquid fund is nothing but one type of a debt or fixed income mutual fund and from there you do STP, that is systematic transfer plan, that is just one example how even an equity investor would benefit by using debt mutual fund, something like liquid fund.” What exactly is a debt mutual fund? How is it different from an equity mutual fund? Amol Joshi: Equity funds are popular and hence well understood by investors. Equity funds invest into equity stocks and shares. Similarly, debt mutual funds invest into debt securities though debt securities could be an instrument called a CD, that is certificate of deposit issued by banks or more commonly a debt mutual fund or a fixed income mutual fund is a mutual fund that invests into various debt instruments like CDs is one we discussed and bonds issued by various issuers. Those various issuers could be government issuers, there are government bonds.

London Drugs says it’s rebuilding its data infrastructure with the help of leading third-party experts to bring its operations safely back online after a cybersecurity incident that has shut down stores for five days.The store says in a statement that there are billions of lines of data and code to review, but its teams have been working around the clock and there is progress.The Richmond, B.C.,-based company has more than 80 stores across B.C.

toddler from Arizona died after the bouncy castle he was playing in was suddenly lifted airborne and carried away by a gust of wind.Bodhi Naaf, the young son of Phoenix firefighter Karl Naaf, died from his injuries after being rushed to a local hospital.Several children were playing in the inflatable castle when “a strong gust of wind sent it airborne into the neighbouring lot,” said the Pinal County Sheriff’s Office, calling the incident a “tragic accident.” A second child was hurt but the injuries were non-life-threatening.“We would like to extend our heartfelt thoughts and prayers to the grieving family,” police added, noting that an investigation into the event is ongoing.A GoFundMe page has been set up to support the two-year-old’s parents as they mourn the loss of their son.Bodhi’s mother Cristy is currently pregnant with the couple’s second child, who is due to be born on May 31.“Amidst their sorrow, they face the daunting task of preparing for the arrival of their newborn,” writes fundraiser organizer Ashley Al-Khouri, a friend of the family.“As a community, we want to offer our support and alleviate the financial burden that accompanies such tragedies. Your donations will help Karl and Cristy focus on grieving their beloved Bodhi while also preparing for the new chapter in their lives.”The GoFundMe has raised just under US$170,000 as of Thursday morning, far exceeding its US$100,000 goal.A week before the fatal incident in Phoenix, a similar situation occurred in California.

The BSE Sensex was trading 409 points or 0.55% higher at 75,025. Nifty50 was trading at 22,777, up 129 points or 0.57% at around 9.30 am.

Kishida unveiled an international framework for regulation and use of generative AI on Thursday, adding to global efforts on governance for the rapidly advancing technology. Kishida made the announcement in a speech at the Paris-based Organization for Economic Cooperation and Development.

Abhijit Chokshi, Founder, Stockifi.in, says that in the midcap space, he likes Aarti Pharmaceuticals. One of their products is APIs for caffeine and they are one of the top three players in that and the market cap right now is barely Rs 4,000-5,000 crore. He says both Aarti Pharma and Aarti Surfactants will do really well going forward. In terms of the result reactions that we have seen of late – be it Federal Bank today, the South Indian Bank numbers and the other names as well the entire stock equity ecosystem including the KFin Technologies of the world – did anything stand out from financials and stock market ancillaries? Abhijit Chokshi: I am betting mainly on PSU banks. Even though there is a lot of buzz that PSU banks are done with their rally, I believe banks like SBI, PNB will continue the rally going forward. I am expecting numbers to improve for these PSU banks. I am generally bullish on the PSU sector and specifically want to focus on banks. PNB and SBI are my picks.

Central Bureau of Investigation (CBI) has arrested a deputy general manager posted in the Hariajam Colliery under Eastern Coalfields Limited (ECL) in Dhanbad in connection with an alleged bribery case. It was alleged that Ram Prakash Pandey, DGM of ECL in the Mugma area in Dhanbad demanded a bribe of Rs 75,000 from a 50 per cent handicapped «general mazdoor» to change his duty in the mine. According to the officials, later the labourer approached the CBI with a complaint against Pandey.

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Also Read: Stock market today: Trade set up for Nifty 50 to Sensex, 6 stocks to buy or sell on Friday — May 3 On an intra-week basis the benchmark index has registered an all-time high at 22,783 levels, indicating bullish sentiments. On the daily and weekly time frame, the index continues to scale with higher tops and bottoms formation, indicating a sustained uptrend. The index is well placed above its 20, 50, 100 and 200-day SMA which reconfirms a bullish trend.

Mint in the week gone by. The Godrej group, which began its journey as lock-maker 127 years ago, is now dividing its assets as the descendants have decided to go their separate ways. Meanwhile, Wipro’s new chief executive officer Srinivas Pallia, who took over for five years on 7 April, stands to earn up to $7 million ( ₹58.5 crore) in remuneration in his first year.

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Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day.

Google tried to poke holes in both sides' cases during closing arguments Thursday, as he weighs a ruling that could reshape the technology industry. Judge Amit P. Mehta was presiding over the first day of closing arguments in the most consequential tech antitrust case since the U.S. government sued Microsoft in the late 1990s. The Justice Department has sued Google, accusing it of illegally shoring up a monopoly in online search. Google has denied the claims.

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