UPS Financial News

₹2,64,834 crore ($31.8 billion). However, profit after tax (PAT) remained almost flat at ₹21,243 crore ($ 2.5 billion) against ₹21,327 crore in the same quarter last year. Also Read: Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore ($ 5.7 billion) with all businesses contributing strongly.

The XRP (XRP) price is trying to make a comeback as more than $1 billion in 24-hour trading volumes flood in. Near-term price predictions could become much more bullish if the crypto can push to the north of its 21DMA and a key long-term uptrend.

JSW Neo Energy, Reliance Industries, Lucas TVS, ACME Cleantech, Amara Raja, Anvi Power, and Waaree Energies have participated in auction of production linked incentives (PLI) for setting up new age battery manufacturing capacity in the country. An official statement said the companies have bid for setting up a cumulative capacity of 70 Giga Watt hours (GWh) while of sops are available only for 10 GWh. Technical bids for Rs 3,620 crore of PLI were opened on Tuesday. Bids have been received from these seven bidders under a global tender for the re-bidding of PLI for 10 GWh Advanced Chemistry Cell (ACC). The centre had approved a technology agnostic PLI Scheme under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage in May 2021. The goal was to achieve manufacturing capacity of 50 GWh of ACC with a PLI outlay of Rs 18,100 crore.

ACC Ltd. traded 1.9 per cent up at Rs 2449.05 at around 12:17PM (IST) on Tuesday. The stock had closed at Rs 2403.25 in the previous session. Equity benchmark Sensex traded 265.83 points higher at 73914.45 around the same time.

Trideep Bhattacharya, CIO, Equities,Edelweiss MF, says the market is chugging along, given that earnings are still intact and overall growth rate continues to be broad based, not just amongst largecaps but among mid and smallcaps also. That is keeping the mid and smallcap share prices reasonably buoyant in the near term. Bhattacharya further says: "Over the last three to four months, from underweight, we have gone to neutral IT services. Overall, we will expect great growth rates in the near term, but over the next two to three years, earnings are broadly bouncing around the bottom. We think that when next year global growth picks up after a bit of weakness, you would see this sector starting to do well." Let us start our discussion with telecom today because there is a big re-rating happening. People are now thinking that from almost going towards a two-player space, we are back to three-player space and probably BSNL, MTNL will be revived soon. So, it will be a nice, vibrant four-player space. Did you have telecom exposure in your portfolios and how are you looking at the way things are panning out there? Trideep Bhattacharya: I would say that, yes, over the last three months or so, we have increased our position in telecoms.

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's [HWT.UL] new product launches, market data showed. Apple's share in the world's biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.

Bank Nifty was up by 172.85(0.36%) at 22 Apr 2024 10:44:55 IST.In the BSE Sensex index Wipro, Larsen & Toubro, Ultratech Cement, Bajaj Finance, Axis Bank were the top gainers while NTPC, HDFC Bank, ITC, Mahindra & Mahindra, Nestle India were the top losers.In the Bank Nifty index Bandhan Bank, Punjab National Bank, Axis Bank, IDFC First Bank, Federal Bank were the top gainers while Au Small Finance Bank, HDFC Bank, were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Bollywood actor Aayush Sharma recently opened up on tasting failure in his first film, the romantic drama ‘Loveyatri’. The film, released in 2018, came and went, without creating a ripple at the box-office. Since his debut movie was a debacle, the actor had to face much trolling and many aspersions were cast on his character. Throughout the years, many have alleged that he married Khan’s sister Arpita to gain a foothold in the industry and that he was “wasting” his brother-in-law's resources. In a candid interview with Siddharth Kannan, Sharma claimed that when he got hitched to Arpita, he told the ‘Dabangg’ star upfront that he didn’t want to be an actor as he didn’t think he had it in him. Khan dismissed his insecurities and offered to train him. “People don't know that when I got married I told Salman Khan that I don't want to pursue acting. I told him ‘Trust me, I gave 300 auditions and couldn’t even crack two, I can't do it.' Salman said ‘Son your training is not good, I’ll train you…” recounted Sharma.

₹2,958 against its previous close of ₹2,959.70 but soon slipped in the red to the level of ₹2,952.50 on NSE. However, it quickly erased losses and traded 0.35 per cent higher at ₹2,969.95 apiece around 9:25 am. As of April 22 close, Reliance share price has risen about 39 per cent over the last year, outperforming the equity benchmark Nifty 50 which has gained nearly 27 per cent in the same period.

Narendra Modi on Tuesday launched a scathing attack on the previous Congress government in Rajasthan saying the state ranked number one in crime against women during the grand old party's rule. Addressing a Lok Sabha election campaign in Rajasthan's Tonk, the Prime Minister accused the Congress party of corruption, protecting the serial blast accused, crime against women, and many more incidents. “Congress had committed the sin of protecting the Rajasthan serial blast accused...If Congress was in power, it would have found new ways of corruption for itself...," PM Modi said.

Nifty option traders were left scratching their heads today after India VIX, Dalal Street's indicator of volatility in the near term, crashed as much as 22% in one of its worst single-day falls in stock market's history. India VIX, calculated using the best bid and ask quotes of out-of-the-money near and mid-month Nifty option contracts, fell below the 10-mark. During the day, Nifty rose up to 0.5% higher to the day's high of 22,447.

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday made serious allegations against the Congress and said the grand old party has in its election manifesto expressed its intention to implement the 'Sharia law' in the country and redistribute people's property. Addressing an election rally in Amroha, Adityanath said, «The Congress and its allies have betrayed the country and have once again come to you with their false manifesto. If you look at the Congress' manifesto, they say that if they form a government, we will implement the Sharia law.» «You tell me, will this country be run by the Constitution made by Baba Saheb Bhimrao Ambedkar or by Shariat?» he asked.

IPO) of JNK India will open for subscription today and will close on April 25. The company plans to raise around Rs 650 crore through the issue. The IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.

Honasa Consumer, which runs beauty and personal care brands like Mamaearth, rallied up to 7.6% to Rs 435 on BSE on Tuesday as it announced that its skincare brand The Derma Co. has achieved an annual revenue run rate (ARR) of Rs 500 crore. Shares of Honasa have given 18.4% returns to its investors in the last month, while the stock rallied 15% in the last week.

Congress leader Sachin Pilot slammed BJP stating that the party won't be able to win a single seat in Kerala or any southern state and expressed strong confidence in the United Democratic Front (UDF) and the INDIA bloc predicting a clean sweep for the coalition in the state. «I think the response is fantastic. People have decided to vote for the UDF. In Kerala, all people across community religion and across caste have decided to fully support the INDIA alliance and UDF will get 20 0ut 0f 20 seats here. BJP will not be able to open their account in kerala or in any other southern states,» Pilot told ANI. Kerala sees a straight face-off between the Congress and the Left in most of the 20 seats with the BJP hoping to dent the tradition by putting up a good show.

NEW DELHI : To promote the country’s electric vehicle (EV) ecosystem in line with its vision of Viksit Bharat, the Centre is in the process of establishing a task force to create a roadmap for the industry, according to a letter sent by the ministry of heavy industries (MHI) to automakers that Mint has seen. MHI will finalise the setup of this task in collaboration with Ficci (Federation of Indian Chambers of Commerce and Industry) and other agencies. “The EV task force has been set up to engage with stakeholders through workshops and stakeholder meetings to gather their insights and recommendations on various aspects of electric vehicle adoption and infrastructure development," read the letter.

Directorate General of Civil Aviation (DGCA) on Tuesday mandated the airlines to allocate seats with at least one of their parents or guardian travelling on the same PNR. The aviation watchdog has also asked the airlines to maintain the record for it as well. “Airlines shall ensure that children up to the age of 12 years are allocated seats with at least one of their parents/guardians, who are travelling on the same PNR and a record of the same shall be maintained,” said DGCA.

Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us take the margin up. We still stand by our aspiration of growing the margins by 200 to 300 basis points over the next two to three years.” Your conference call commentary was that your FY25 margins will be similar to FY24, but that has missed Street expectations. What are the headwinds or are you being conservative? Sandeep Kalra: From a margin perspective, what we are saying is this. The margin has to be looked at in the context of the revenue growth that we deliver. So, if we are going to be looking at a revenue growth which is somewhere in similar lines as what we have done in this year, that is what our aspiration is, then at that point in time you have to optimise for one or the other.

Godrej Consumer Products Ltd. traded at Rs 1187.35 on BSE at 12:02PM (IST) on Tuesday, up 0.1 per cent from previous close. The scrip quoted a 52-week low price of Rs 896.85 and a high of Rs 1299.9.

Prime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing housing affordability and helping young Canadians — but the big question is whether it will raise taxes to pay for it.

Asian benchmarks extend gains after U.S. stocks claw back some of their losses from last week