UPS Financial News

Reasons to BuyReasons to Avoid 2. Samsung 28L, Convection Microwave Oven with Curd Making The Samsung 28L Convection Microwave Oven with Curd Making feature comes with a 10-year warranty and is one of the best microwaves for larger families. Its 28-litre capacity ensures that you cook as well as reheat your meals with ease.

Vadilal Industries Ltd.(up 5.83%), Future Consumer Ltd.(up 5.56%), Emami Ltd.(up 4.18%), Nestle India Ltd.(up 2.50%), Colgate-Palmolive(India)Ltd.(up 1.88%), Dangee Dums Ltd.(up 1.75%), Sheetal Cool Products Ltd.(up 1.48%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.27%), Bikaji Foods International Ltd.(up 1.26%) and Jyothy Labs Ltd.(up 1.21%) stood among the top gainers.

fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period. According to a regulatory filing, Embassy REIT has posted an 8 per cent annual increase in its net operating income to Rs 2,981.9 crore during the last fiscal year.

Lexus Granito(India)Ltd.(up 15.79%), MOIL Ltd.(up 10.88%), Aro Granite Industries Ltd.(up 5.00%), Coal India Ltd.(up 1.94%), NMDC Ltd.(up 1.68%), Gujarat Mineral Development Corporation Ltd.(up 0.46%) and Sandur Manganese & Iron Ores Ltd.(up 0.20%) stood among the top gainers.

Benchmark NSE Nifty closed 167.95 points up at 22570.35 amid buying in frontline bluechip counters.

Madhya Bharat Agro Products Ltd.(up 4.29%), Krishana Phoschem Ltd.(up 4.15%), Coromandel International Ltd.(up 2.23%), Chambal Fertilisers & Chemicals Ltd.(up 1.66%), Bohra Industries Ltd.(up 1.61%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.57%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.41%), The Fertilisers and Chemicals Travancore Ltd.(up 0.81%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.19%) and Rama Phosphates Ltd.(up 0.09%) stood among the top gainers.

Amroha is set to vote on April 26, 2024, in the second phase with results being announced on June 4, 2024, as per the ECI schedule. Congress has fielded Danish Ali from Amroha. Meanwhile, Ramesh Bidhuri was dropped by the BJP and the ticket for that constituency was given to Ramvir Singh Bidhuri. Uttar Pradesh holds a crucial position in Indian politics, with its 80 parliamentarians in the Lok Sabha making it the most influential state electorally. As the political fervor escalates, Uttar Pradesh braces for a three-cornered battle in eight Lok Sabha constituencies set to undergo polling in the second phase on Friday. Last week witnessed the commencement of the staggered elections, with the first phase witnessing a voter turnout of approximately 65.5 per cent across 21 states and Union territories.

Shares of Axis Bank Ltd.(up 6.0 per cent), State Bank of India(up 5.13 per cent), Bank of Baroda(up 3.69 per cent), Punjab National Bank(up 2.19 per cent) and ICICI Bank Ltd.(up 1.56 per cent) ended the day as top gainers in the pack.

Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has emerged as a significant wealth generator for investors over the past year. With its shares climbing from ₹175 apiece a year ago to the current level of ₹747, investors have enjoyed an impressive return of 327%. For instance, an investment of ₹one lakh in the stock a year ago would now be valued at ₹4.3 lakh, showcasing remarkable growth.

₹29, offering premium subscribers ad-free streaming. This initiative seeks to ramp up competition with India's major streaming platforms such as Netflix, Amazon Prime Video, and Disney+ Hotstar. As per a Business Today report, here is a comparison of JioCinema's new subscription plans with those of its competitors in India's OTT market: JioCinema Premium offers a monthly plan at ₹29 and a Family pack at ₹89.

Last week, reports surfaced that after more than a year on the market, General Electric (GE) finally managed to offload Crotonville, its storied leadership academy nestled along the Hudson River in the suburbs of New York City. It’s not just Crotonville that’s a tough sell these days for GE. It’s also the executives the training centre helped shape and the leadership philosophy it long espoused.

When China’s Communist Party put officials on notice that they must get used to tightening purse strings for years to come, the response was swift. At least 21 provincial-level governments trimmed their budgets for official vehicles this year. The governor of Guizhou province pledged to cut his administration’s operating expenses by 15%.

medium duration funds are better placed to offer superior returns when the interest rates start falling. Debt mutual funds offer attractive returns in a falling interest rate environment. If that interest you, you can learn more about these funds Most mutual fund investors stick to liquid funds, ultra short term funds, short term funds, banking & PSU funds, corporate funds, etc. to take care of their short-term needs. Most of them might know about gilt funds. Even though they may not invest in them. However, many investors are not aware of medium duration funds. Chances are that most people will keep hearing about medium duration funds this year because most mutual fund advisors are recommending these schemes to their clients these days. Also Read |Dividend yield MFs deliver up to 133% return in just 3 years. Should you invest?

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “there are two PSU stocks which we are very confident on. One is from the PSU banking space. The Bank of Baroda looks pretty strong at these levels. We feel there is a strong case for a target of Rs 285-295 on the upside, the PSU banking index has turned around, so can be bought with a stop loss of Rs 251. Another stock which looks good on the power side, Power Finance Corporation (PFC). The stock has been quiet for many weeks now and we feel the time is right for the stock to give an up move, so can be bought with a stop loss of Rs 394 and an initial target of Rs 425.” Today’s the day of the monthly expiry. Should we brace ourselves for a 3 pm move? Rahul Sharma: Yes, it has been quite a subdued one so far. But the good thing is the mid-month crash got over last week. Post that, we have seen a very smart recovery. Now, we are heading on to the main series, which has historically been a very positive month out of like 10 times Nifty has been in the green 7 times in the last decade and at the same time we have also seen ultra-low levels on the India VIX which is suggesting that the option participants are not fearful of like a big down move at this point in time.

Embassy Office Parks REIT, India’s first listed REIT and the most prominent office REIT in Asia by area, has leased 8.1 msf of office space in FY24, surpassing the full-year guidance by 35%. Global Capability Centres (GCCs) account for over 65% of the annual leasing activity. Leading multinationals; achieved occupancy guidance of 85% at year-end. While Bengaluru occupancy is at 91% and Mumbai at 99%. Both markets represent ~86% of total assets by value. The firm has set an initial guidance of 6 msf for the last fiscal. Embassy Reit has set guidance for FY2025 with 5.4 msf of total leasing.

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

According to a trading update published today (25 April), Schroders' total assets under management grew from £750.6bn in the final quarter of 2023 to £760.1bn at the end of March, behind the anticipated £769bn.  Jefferies analyst Tom Mills said Schroders had missed several analysts set targets despite several factions' AUM was still up on the previous quarter. Schroders CEO Peter Harrison to retire in 2025 Within the firm's asset management division, which includes private markets, solutions, mutual funds and institutional, AUM rose from £532.2bn at the end of 2023 to £534.5bn. How...

Dividend growth came in ahead of expectations in the first quarter of this year, with payouts rising 4.9% overall on a headline basis, up to £15.6bn. These were boosted by more one-off payments than expected, Computershare found. Overall, 95% of the first quarter's payers increased dividends or held them steady in the period, as regular dividends, which exclude one-off specials, rose 2% in line with expectations. On an annual basis, Computershare increased its expectations for headline dividend growth for 2024 to 4.3% from 3.7%, but revised down its forecast for regular dividends by 0...

Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects across India. With this funding, the platform size stands at Rs 850 crore, underscoring a resolute commitment to addressing the nation’s growing residential demand.

NCR-based SKA Group has announced its foray into the luxury segment and launched SKA Destiny One, its maiden luxury residential project located in Sector Zeta 1 in Greater Noida. The company plans to invest Rs 592 crore in the project.

The Employees’ Provident Fund Organisation (EPFO) announced the interest rate on employees’ provident fund for FY2023-24 in February. The retirement fund body raised the interest rate by 10 basis points (bps) to 8.25% for the last fiscal year, 8.15% in the preceding year. This is the highest interest rate on EPF deposits in the last three years.