UPS Financial News

Gold rate today: On account of rising geo-political tension in the Middle East region, gold prices witnessed buying interest during the early morning session on Friday. Gold price on the Multi Commodity Exchange (MCX) opened upside and went on to touch an intraday high of ₹72,869 per 10 gm. In the international market, spot gold price also showed upside movement and came close to $2,400 per troy ounce levels in early morning deals.

Stock market today: As the Iran-Israel war continued to drag global markets, the Indian stock market finished lower for the fourth straight session on Thursday. The Nifty 50 index lost 152 points and finished at the 21,995 level. The BSE Sensex ended 454 points lower at the 72,489 level whereas the Bank Nifty index finished 415 points down at the 47,069 level.

Indian elections get underway this Friday with polling booths thrown open for us to pick members of the 18th Lok Sabha. As voters scan the list of candidates on electronic voting machines, looking for which button to press, we can safely assume that party symbols will catch their attention before they can read the names of people in the fray. In many cases, that will be the only cue needed for a vote to be cast.

₹8,753.20 apiece on the BSE. The two and three-wheeler manufacturer Bajaj Auto reported a net profit of ₹1,936 crore for Q4FY24, a growth of 35.1% from ₹1,433 crore in the ebay-ago quarter.

gas prices is fuelling road rage in some parts of Canada on Thursday.Many motorists filling up at the pumps are facing higher prices — some up as much as 22 cents from yesterday in parts of Ontario, for instance.Data from GasBuddy’s live gas price tracker shows prices were 10.9 cents higher across Ontario for an average of $1.73 per litre by 4 p.m. Eastern Thursday, as compared to the previous day’s average.Prices for gas rose by a similar degree in Toronto, but in southwest Ontario towns such as Sarnia, GasBuddy says the cost of gasoline has jumped 22.3 cents to $1.79 per litre as of 4 p.m.

Infosys, which has the highest Nifty weighting among locally listed technology companies, Thursday said fourth-quarter net profit climbed 30% on gains in non-core income, beating D-Street estimates. Revenue guidance for FY25, a key monitorable for investors, remained conspicuously circumspect, although India's outsourcing bellwether announced its biggest M&A deal in history, commiting nearly about half a billion dollars. Profit climbed to ₹7,969 crore in the March quarter, beating ET's poll of ₹6,103 crore. Other income buttressed the bottom-line through what turned out to be a tough year for revenue expansion, which hit the lowest pace in a decade. Headcount shrank by about 26,000, again a rarity for India's technology bellwether.

Just Dial declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 16.23% & the profit increased by 38.44% YoY.

Tata Communications declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 24.58% & the profit decreased by 1.49% YoY.

SG Mart declared their Q4 FY24 results on 16 Apr, 2024. The topline increased by 0% & the profit came at ₹33.55cr.

ICICI Lombard General Insurance Company declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 1.29% & the profit increased by 18.89% YoY.

Mixed martial artist Renato Moicano explains his fascination with Austrian economics and shares his love for America on 'Making Money.'

Ubisoft's upcoming free-to-play online shooter game, XDefiant, is gearing up for its Server Test Session, offering players a taste of what's to come. With characters and abilities from the Tom Clancy universe, the game promises fast-paced 6v6 arena battles. Here's a detailed look at what to expect, as per a Dexerto report.

Ashutosh Sharma gave Mumbai Indians a mighty scare with a sensational 61 before the five-time champions scraped through with a nine-run win over Punjab Kings in the IPL here on Thursday. Ashutosh unleashed a flurry of sixes in his 28-ball knock which brought Punjab from the brink to near the finish line but his dismissal in the 18th over turned the game back in favour of Mumbai Indians. Punjab, who were left tottering at 17/4 in their chase of 193, came back roaring through Ashutosh and Shashank Singh (41 off 25) before ending at 183 all-out in 19.1 overs.

Back in 1940 when the first RIAs were established, there was no such thing as computers, or account management software, much less an RIA tech stack. These days, companies like RIAs are fortunate to have all the tech tools available to assist in crucial tasks, such as account management. 

An arbitrator overseeing a Finra Dispute Resolution Services arbitration claim last week awarded close to $100,000 to a customer who in 2018 and again in 2020 purchased GWG L bonds, calling the bonds “not a suitable investment for the [client,] or perhaps anyone,” in an award that pointed to a broker-dealer and financial advisor ignoring the fiduciary duty owed to a client.

Electricity is shaping up to be Wall Street’s next juicy investment space. The question facing financial advisors is how they intend to charge into it.

Los Angeles-based RIA Miracle Mile is bolstering its appeal to high-net-worth investors with a key addition to its C-suite. On Thursday, the firm announced the appointment of Matt Dmytryszyn as its chief investment officer.

Tim Hortons is under fire again for mistakenly telling some customers they had won big in a contest – the second time in over a year that the coffee chain has made such an error.

surging public interest in programs that use taxpayer funds to spur private investment with bargain-priced loans. Those programs gained steam as the Federal Reserve fought inflation by repeatedly raising its benchmark interest rate, which now stands at a 23-year high of 5.3%. Higher interest rates have made virtually all loans more expensive, whether for farmers purchasing seed or businesses wanting to expand.

As the cryptocurrency landscape buzzes with activity, the Lucky Boo Token ($BOO) is set to captivate the market with a bonus Flash Airdrop event. This surprise initiative rewards new $BOO holders with an astonishing bonus of up to +88% $BOO tokens, demonstrating its commitment to its community of early adopters.

Binance, the world’s largest cryptocurrency exchange, secured a highly anticipated crypto license in Dubai following the resignation of Changpeng Zhao “CZ” as CEO.