UPS Financial News

Gold prices edged lower on Wednesday, as fears of an escalation in the Middle East conflict eased, while investors waited for crucial U.S. economic data that could shed more light on the timing of interest rate cuts.

Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins. Last week, Tesla announced a more than 10% cut in its global workforce under pressure from dropping sales and an intensifying price war among EV makers, without revealing the number of employees the job cuts would impact.

tax regime can consider ELSS funds to invest up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Wealth managers say flows can be staggered using systematic investment plans (SIPs) from the first month of the financial year rather than parking lump sum towards the closing of the year. WHAT IS AN ELSS SCHEME? ELSS or Equity-Linked Savings Scheme is a mutual fund category that primarily invests in equity. This benefits investors choosing the old tax regime as investments up to Rs 1.5 lakh are exempt under Section 80C of the Income Tax Act. Financial planners recommend these schemes to first-time investors for the twin benefits of saving tax and taking exposure to equity as an asset class. Investments in these schemes are locked in for three years from the date of investment. Investors are free to redeem the investments or continue holding them after the lock-in ends.

Donald Trump's criminal trial began with a heated clash between Justice Juan M. Merchan and Trump's lead lawyer over a gag order. It ended with an insider's look into a tabloid newspaper practice known as «catch and kill.» Prosecutors said Trump had «willfully and blatantly» violated a gag order barring him from attacking jurors and witnesses, among others. They said he had done so in comments outside the courtroom and online and should be found in contempt of court.

Hitachi Payment Services has launched India's first upgradable ATMs wherein, an ATM unit can be converted to a cash recycling machine (CRM) as and when a bank needs it, eliminating the need for a separate CRM. This can be done at a bank branch, and offsite as well. Most banks offer deposit services at branches, and withdrawals can happen at off-branch locations. With a way to upgrade ATMs to CRMs, banks eliminate the need to replace ATMs. These machines will be UPI-enabled for cash deposit and withdrawal.

Pecker, 72, testified in a New York court that the Enquirer paid two people who were peddling stories of Trump's sexual misbehavior but never published them — a practice known as «catch and kill.»

Dividend stocks: Shares of Huhtamaki India Ltd and Bharat Bijlee Ltd will be in focus when the stock market opens today, April 24 (Wednesday). The Board of Directors of the two companies have declared dividend and stock split for their eligible shareholders.

Buy or sell stocks for today: Frontline indices Nifty 50 and Sensex settled higher for the third consecutive session yesterday driven by firm global cues and easing Middle East conflict. A major drop in the volatility index indicated that market participants are confident about the near-term trajectory.

Indian stock market today: A total of three stocks have been banned for trade on Wednesday, April 24, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty 50 rose for the third straight day in the previous session following gains in telecom, tech and consumer durable shares amid a strong trend in the global markets. Volatility index plunged to within a margin of its record closing low amid fading worries over a major escalation in the Middle East conflict. The fear gauge India VIX which suggests how much the Nifty 50 index is likely to change in the next 30 days, plunged 20 per cent to reach near the level of 10.

Most Wanted List as $1 million in total combined rewards is being offered for information that leads to the arrests of fugitives on the list.The updated list by the BOLO Program – which stands for Be On the Look Out – has listed Michael Bebee as the country’s top fugitive.Police allege Bebee is wanted for second-degree murder of 29-year-old Shamar Powell-Flowers on July 23, 2023, in the city’s east end near Danforth and Carlaw avenues.Toronto police chief Myron Demkiw said at the time of Powell-Flowers’s murder, Bebee was under a gun prohibition for his part in another Toronto shooting four years earlier.There is a reward of up to $100,000 for any information leading to Bebee’s arrest — which is part of the $1 million in rewards for the 25 fugitives.At the press conference on Tuesday, Demkiw stood alongside BOLO’s program director Max Langlois with $1 million in cash stacked in front of them.“Today for the first time, we are putting our reward money on the table, literally” Langlois said, standing in front of the bundles of cash. “One million dollars of clean cash.

₹XXXX. However, the profit for Q4 saw a slight decline of 0.15% YoY, standing at ₹XXXX.

Meme coins like BEFE are not just surviving but thriving in the rapidly changing world of cryptocurrency, which is attracting investors seeking high returns on investment. 

The Department of Labor’s new fiduciary rule today is out, an overhaul of a 1975 regulation that the insurance industry has fought tooth and nail, as it will for the first time subject many agents selling annuities to the Employee Retirement Income Security Act.

Karnataka CM Siddaramaiah is pushing himself hard to wrest the neighbouring Lok Sabha constituencies of Mysuru and Chamarajanagar (SC) from BJP as he probably sees the outcome as a vote on his own performance. A win would help him cement his position in Congress and the government. In both constituencies, NDA and Congress candidates are fresh faces. In Mysuru, a seat Congress last won in 2009, the entry of Yaduveer Krishnadatta Chamaraja Wadiyar, the scion of the royal family, as BJP candidate has made the contest a tight one for Congress. By picking Wadiyar, BJP has tried to nullify anti-incumbency as sitting MP Pratap Simha has completed two terms. Mysureans have always seen members of the royal family beyond the narrow lens of caste. Congress has fielded M Lakshman, a Vokkaliga, going for the community after 47 years. The community voters are dominant in Mysuru district, and the CM is betting on these votes, besides its traditional votes from the Kuruba (OBC) and minority communities. The absence of SDPI and BSP candidates, according to local political analyst Kudli Gururaj, might help Congress get some extra votes.

Naveen Jindal group is finalising a Rs 15,000 crore investment plan for the development of renewable energy projects which could become a source of captive clean fuel for its expanding steelmaking operations, said people with knowledge of the matter. Jindal is the promoter of the listed Jindal Steel and Power, which has announced a major capacity expansion that could ramp up the group’s steelmaking operations to around one and a half times the existing size before the close of 2025-26. As per the blueprint being finalised, the group wants to power the new steel capacity additions by creating 4 gigawatts (GW) of renewable power sources in-house within the next couple of years, said the people. This would help the group reduce carbon emissions and produce green steel, they said.

Alappuzha, the citadel of the Communists in Kerala and the land of the historic Punnapra-Vayalar uprising and the martyrs column, huge hoardings of KC Venugopal, the influential AICC general secretary (organisation) and a close associate of Rahul Gandhi, are all over. Venugopal is fighting to wrest the CPM seat, the only Lok Sabha constituency that stood by the Left in 2019 when the Congress-led UDF swept 19 of the 20 seats from the state.

Assam's Nagaon is seeing a three-pronged contest, with the Congress, the BJP and the All-India United Democratic Front (AIUDF) vying for the trust of voters in this Muslim-dominated constituency. Voting here is scheduled for April 26. In the 2019 general election, the AIUDF had supported the Congress and helped it win this seat after a gap of almost 25 years. While Congress parliamentarian Pradyut Bordoloi is seeking re-election, the BJP has fielded former militant-turned-politician Suresh Bora for this seat. Bora, who had left the militant outfit ULFA in 1999, was president of the Nagaon District Congress Committee before joining the BJP. Bora has contested Assembly polls thrice and lost on all occasions.

Hanuman Chalisa' or 'holding a shobha yatra during Ram Navami' in Karnataka and Rajasthan during its rule. Addressing a rally in Tonk-Sawai Madhopur on Tuesday, Modi referred to the attack on a shopkeeper, allegedly for 'listening to Hanuman Chalisa' in his shop. He claimed Congress 'protected such miscreants' when it was in power for 'appeasement politics'. «A shopkeeper was badly beaten up as he was listening to Hanuman Chalisa. Look at the work of Congress in Karnataka. A shopkeeper was made to bleed in his own small shop for remembering Lord Hanuman in his prayers. You can imagine that even listening to Hanuman Chalisa becomes a crime in their rule. Under Congress rule, it becomes difficult to even follow your faith,» Modi alleged. Hanuman Jayanti was being celebrated in different parts of the country on Tuesday.

₹1,00,893.63 per kl in Delhi, 3% higher on-year and 54% higher than in FY20. A strong and sustained demand is expected to result in tailwinds for Indian airlines.