UPS Financial News

«IT is weak. Banking, you are seeing a bit muted, not so much because of growth or asset quality, but because margins are under some level of pressure,» says Ashi Anand, Founder & CEO, IME Capital. The kind of earnings that we have seen here, globally also there is so much of focus on earnings right now, but then what should one expect? There was one view, one part of the argument was that a heavy earnings or the earnings which could put up a decimal picture like Reliance or maybe IT, those earnings have already gone by now. Look what it looks like now. Can we say the numbers which are yet to report now, the companies which are yet to report numbers now, the growth could moderate here, understanding that the major benefit of the commodity prices environment is largely captured?

«If we go with the rollover data, yes, there was subdued rollover action for Nifty as well as for the Bank Nifty if we compare with the last three-month average as well as with the six-month average,» says Rajesh Palviya, Axis Securities.

Bengaluru's apathy towards voting continues in 2024 as well. On Friday, nearly half of the voters in India's Silicon Valley did not turn up to cast their franchise despite numerous efforts by the Election Commission. Voting for Lok Sabha polls was held in 14 constituencies in Karnataka on Friday, where a 69.23 percent voter turnout was recorded. However, the percentage dropped significantly in three urban constituencies in the city, namely Bangalore Central, Bangalore North, and Bangalore South. The approximate voter turnout in Bangalore Central was 52.81 percent, in Bangalore North it was 54.42 percent, and in Bangalore South it was 53.15 percent. However, the voter turnout in Bangalore Rural was approximately 67.29 percent. Mandya and Kolar had a voter turnout of 81.48 percent and 78.07 percent, respectively.

In March 2024, the Indian auto industry produced a total of 2,325,959 units, covering Passenger Vehicles, Three-wheelers, Two-wheelers, and Quadricycles. Passenger Vehicles accounted for 368,086 units, Three-wheelers saw 56,723 units, and Two-wheelers dominated with 1,487,579 units sold during the domestic sales for the month of March.

IREDA share price: Shares of Indian Renewable Energy Development Agency (IREDA) Ltd will be in focus on Monday when the Indian stock market reopens after the weekend close. The reason for this PSU stock to remain on focus is the latest 'Navratna status' being accorded to the state-owned company by the Government of India (GoI). The PSU company informed on Friday after the market close that the Department of Public Enterprises (DPE) has accorded 'Navratna status' to the company vide a letter dated 26th April 2024.

afflicts rich and poor countries alike. With barriers to commerce rising, high interest rates contining to bite and regulators bridling at takeovers, such liaisons are becoming the go-to way to enlarge a business empire, as the recent actions of companies including Disney, Ford and Microsoft illustrate. Call it the age of the quasi-merger.

Taylor Swift has now outsold the greatest British boyband of all time, the Beatles! The ‘Lover’ star’s latest album ‘The Tortured Poets Department’ outsold the top ten albums and grabbed the numero uno place on British musical charts on Friday. ‘Poets’ enjoyed the biggest opening week for an album in the UK for seven years. This distinction ties the ‘Look What You Made Me Do’ hitmaker with Madonna as a female artiste with the most UK No. 1 albums in Official Albums Chart history. «No other artist has notched up 12 no. 1 albums in such a short space of time. Taylor Swift has done it in 11 years and 6 months,» the Official Charts Company told Reuters. «This surpasses The Beatles, who managed the feat in 14 years and 1 month,” he said. The album reportedly sold 220,000 units in its first three days and 270,000 units in its first week.

Sharp is reportedly planning to invest $3-5 billion to set up a display fab semiconductor factory in India. The display fabs are used for making televisions and other digital screens. According to a report in the Times of India, top officials from Sharp met communications minister Ashwini Vaishnaw this week in this regard. Notably, Sharp is planning to set up a 1,000-acres facility in India which will be even bigger than its factory back home in Japan. Sharp want to use the Indian factory to cater to both domestic demand but exports.

gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.

Madhya Pradesh's longest-serving chief minister and BJP stalwart Shivraj Singh Chouhan is likely to play an important role in national politics with Prime Minister Narendra Modi telling an election rally recently that he wanted to «take him to Delhi (Centre)». Chouhan, who was the chief minister from 2005 to 2023, is contesting the Lok Sabha polls from his stronghold Vidisha, an ancient city incidentally located on the Bhopal-Delhi train route. The BJP candidate is up against Pratap Bhanu Sharma, a Congressman who won the seat in 1980 and 1984 on the back of the post-Emergency Indira Gandhi juggernaut and later, the sympathy wave caused by her death. These were the only two occasions when the Congress won the seat since it was created in 1967.

1.13 million fraud cases in 2023, and pig butchering is a new scam practice that is becoming more frequent. In simpler terms, pig butchering is a version of smishing where scammers use social media platforms for cyber theft. As the name suggests, the victim is being ‘fattened up’ through validation and friendship before ‘butchering’ i.e.

Yes Bank Results Live Updates: Shares of YES Bank Ltd were trading green in the trading session on April 26, in anticipation of its upcoming earnings release. The private sector bank is set to announce its results for the quarter and the financial year that concluded on March 31, 2024, on Saturday, April 27.A special CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to a "pre-trial conviction" of the banker on April 20.

inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while. The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some relief to financial markets spooked by worries of stagflation after data on Thursday showed inflation surging and economic growth slowing in the first quarter.

earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness. S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. That is up from 4.3% the day before.

value stocks,” the Pacific Investment Management co-founder posted Thursday morning on X, formerly known as Twitter. “Avoid tech for now.” Just a day later, the tech-heavy Nasdaq Composite Index notched its best session since February after Microsoft Corp. and Alphabet Inc. showed the AI earnings bonanza still has juice.

stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.

A loan against your demat shares allows you to obtain credit by using your shares as collateral. This enables you to leverage your investments without having to sell your shares to access the capital. The loan requires no additional collateral beyond the shares already held in your demat account.

If you are planning to buy a house and looking for a home loan for the same, you would ideally be looking not only for a bank that can give you money as early as possible but also the one that charges a low rate of interest.

Posters encouraging people to “Steal From Loblaws” popped up last week across Toronto and have been gaining steam online, drawing mixed reactions from Canadians.

Garena Free Fire Max redeem codes are 12-digit alphanumeric combinations, which act as an access points to unlock diverse in-game rewards such as skins, weapons, and character enhancements. 111 Dot Studios uses these codes as an ingenious marketing strategy that works in instilling a sense of urgency and satisfaction among the player base. However, it's crucial to bear in mind that these free redeem codes come with a short shelf life, typically valid for up to 12 hours.

Tennessee’s GOP-controlled General Assembly has adjourned for the year, concluding months of tense political infighting that ultimately doomed Republican Gov. Bill Lee’s universal school voucher push