UPS Financial News

basmati exports to the EU have consistently risen over the past three years. According to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS), in FY23, India exported 152,857 metric tonnes (MT) of Basmati valued at $167 million, up significantly from 88,452 MT worth about $93.4 million. Between 1 April 2023 and 31 January 2024, India exported 130,122 MT ($168 million) of Basmati to the EU, indicating robust demand for Indian basmati in the EU market.

Sovereign Gold Bonds (SGB) under the 2017-18 Series IV and 2018-19 Series II tranches, set for Tuesday. According to the Government of India notification dated October 06, 2017, and October 08, 2018, premature redemption of SGB may be permitted after the fifth year from the date of issue, aligning with the date on which interest is payable on the bond. The redemption price for SGB shall be based on the simple average of the closing gold price of 999 purity over the previous three business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).

Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. «The only headroom for growth right now is by increasing exports from India,» said Prachir Singh, senior analyst, Counterpoint Research. The market tracker added that annual shipments now range between 150 million and 160 million since the pandemic, with demand unlikely to pick up significantly until elections end.

₹18,000 crore follow-on public offer, the biggest such seen by the Indian stock market, had a good last day. The issue had got subscribed over 6 times towards the end of bidding on Monday. Non-institutional and qualified institutional investors showed high interest, though retail participation was slow.

American Intelligence Journal, Virginia Kent of the State Department and Robert Gay of the National Intelligence University in Maryland wrote of a “bloodless coup" by Chinese money-handling organisations, noting how, in recent years, they have largely displaced home-grown ones in Mexico that were previously used for this purpose. The authors (expressing their personal views) called these Chinese operators “a new and more challenging money-laundering foe". The American government has been sounding the alarm.

full Pink Moon in Scorpio approaches on April 23, 2024, bringing forth profound cosmic energies, individuals belonging to specific zodiac signs are set to experience significant shifts in their lives. The Pink Moon will cast its luminous glow, urging introspection and transformation on various zodiac signs. Here's how this celestial event is set to influence the lives of four zodiac signs as per a report by various media reports including Stylecaster:

«This current quarter is showing some signs of improvement there. So, overall, good set of numbers. We have a buy on Reliance. We continue to maintain the buy,» says Nischal Maheshwari, Centrum Broking. What is your view on Reliance Industries, pretty much in line with what the Street was expecting? How have you read into the numbers? Was there an anticipation that there would be some further announcement? I agree with you. I think more or less in line with the results. What I am excited about between the three of the businesses, I think is retail. Retail has done very well and I think one of the interesting things which they have put out is now they have three in-house brands which have crossed Rs 2000 crores of revenue.

land deals in 2023-24, cumulatively accounting for nearly 2,989 acres across the country, as residential segment continues to drive the Indian real estate market. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial and logistics & warehousing are also driving prime land deals in key locations across India. «Interestingly, out of the total land deals in FY-24, over 83 deals for about 1,135 acres were closed in the top 7 cities alone», said Anuj Puri, chairman, Anarock group.

President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with diabetes who are on Medicare

Shankar Sharma portfolio: Ace investor Shankar Sharma's name has appeared in the shareholding pattern of Vertoz Advertising Ltd for the January to March 2024 quarter. As per the shareholding pattern of this AI company, Shankar Sharma has picked a stake in the company during the recently ended Q4FY24. Shankar Sharma owns around 2.20 percent stake in the company.

Take note financial advisors, all that glitters is not gold.

Gujarat State Petronet Ltd. with a target price of Rs 355. The current market price of Gujarat State Petronet Ltd. is Rs 303.8. Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17143.56 Crore) operating in Gas & Petroleum sector.

Garena Free Fire redeem codes are 12-digit alphanumeric characters, comprising capital letters and numbers. These codes hold the key to unlocking a treasure trove of in-game rewards, including skins, weapons, and character upgrades.

Mint looks at the implications of this development for India and the rest of the world. For the third consecutive month, various inflation indicators in the US exceeded expectations. For instance, the US economy continues to grow faster, adding jobs robustly on the back of strong retail sales despite the interest rates being at a 23-year high.

ABB India Ltd. with a target price of Rs 7500. The current market price of ABB India Ltd. is Rs 6526.15. ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 138276.57 Crore) operating in Engineering sector.

Content powerhouse Banijay Asia, a joint venture between Deepak Dhar and Banijay, has inked a strategic partnership with Ravi Shastri's Sporting Beyond to launch non-fiction content and live event properties. The partnership will combine Banijay's strength in creating entertainment IPs with Sporting Beyond's expertise in cricket. Banijay Asia Group CEO Deepak Dhar told ET that the two companies have partnered due to their complementary strengths.

With cameras not allowed at former President Donald Trump's hush money trial in New York, live news blogs are coming into their own as an important news tool

Stocks that traded heavily or had substantial price changes on Monday:

In the face of a general market decline, the Ethereum price prediction is currently facing a gloomy trend, suggesting a period of caution for the cryptocurrency. Similarly, Shiba Inu’s market performance mirrors these problematic conditions, indicating a struggle to maintain stability. In stark contrast, BlockDAG (BDAG) seems to flourish, demonstrating resilience and growth during these challenging times. 

mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market. DSP Natural Res & New Energy Fund, the topper in the category, gave 10.26% return in the last one month. Tata Resources & Energy Fund gave 8.45% in the said period.

Pakistan Prime Minister Imran Khan wrote a letter to Chief Justice of Pakistan (CJP) Qazi Faez Isa on Saturday, demanding punishment for those who have subverted the Constitution in matters related to allegations by six Islamabad High Court (IHC) judges about interference in judicial affairs by the country's intelligence apparatus, Pakistan-based Dawn reported. The development comes after six Islamabad High Court judges made allegations against interference in judicial affairs by Pakistan's intelligence apparatus.