UPS Financial News

Supreme Court on Monday refused to entertain a plea seeking voting facilities for around 18,000 people displaced internally due to the ethnic strife in Manipur for the upcoming Lok Sabha elections. The polling for the two Lok Sabha seats of Manipur will be held in two phases on April 19 and 26. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said interference of this court, particularly at this belated stage, would cause substantial impediments in the conduct of the ensuing general elections of the Lok Sabha for Manipur. «You have come at the last minute. At this stage, what can be virtually done? We cannot interfere at this stage,» the bench said.

Aditya Arora, Adlytick, says: “There was a buy on ONGC today by certain brokerage houses and the dynamics of crude oil and oil space is changing very dynamically given the geopolitical tension. ONGC is a great buy at Rs 280, stop loss must be Rs 265, and target would be Rs 295-320. The second one is Thermax. The capital infrastructure is pretty good and these stocks are also displaying that kind of a strength. The trend of Thermax is pretty positive. One must maintain a bullish outlook on this stock and one should turn bearish only if levels of Rs 4400 are breached.” Jewellery retailer Senco is glittering away in trade. In the jewellery retail pack, what is looking attractive to you on the charts and technicals? Would you go for something like Senco Gold or AVJ Jewellers in terms of recent listing or would you stick to Titan or Kalyan Jewellers? Aditya Arora: Senco Gold looks absolutely good since the listing at about Rs 350 odd levels. The stock has scaled new highs of Rs 960. It is fantastic, the patterns are very good and it is outperforming markets by a very wide margin. Whether you talk about indices like Nifty, Bank Nifty or whether you compare it to other peers like Titan, it is doing pretty well. I think good institutional interest is present as I can see on the charts. So one can go with Senco Gold itself and one can buy at Rs 936.80, stop loss must be Rs 840 and target would be Rs 1000-1100. The the view is overall bullish and it could be accumulated in all dips.

Ministry of Power has asked all thermal plants using imported coal to operate at full capacity for another three and a half months till October 15 to avoid electricity shortage amid rising demand in the country. The ministry has projected peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration. Peak power demand had touched all-time higher of 243 GW in September 2023. The India Meteorological Department (IMD) has predicted above-normal maximum temperatures in most parts of the country during summer this year. A power ministry notice to 15 imported coal-based thermal power projects on April 12 stated, «It has now been decided to extend the time period for Section 11 directive to generating companies having imported coal-based plants, up to October 15, 2024.»

ALSO READ: MI vs CSK: Mumbai crowd 'boos' Hardik Pandya despite Virat Kohli's request | Watch “Hardik Pandya bowling the last over showed the lack of faith on Akash Madhwal’s bowling and his own lack of skill as a death over bowler," he tweeted. However, former Australia cricketer Adam Gilchrist sees this differently. He says that it only showed Hardik's confidence.

₹423.80 apiece on the BSE. Morgan Stanley reiterated its ‘Overweight’ rating and raised Exide Industries share price target to ₹485 apiece from ₹373 earlier citing multiple levers for growth. The target price implies an upside potential of nearly 22% from Friday’s closing price.

Lok Sabha elections 2024: Delhi's North East Lok Sabha constituency is gearing up for a high-profile contest as the Congress announced young leader Kanhaiya Kumar as its candidate to fight against BJP's sitting MP Manoj Tiwari. The singer-turned-politician is the only BJP candidate to be repeated from the national capital as the saffron party has changed its face on all other 6 constituencies in Delhi.

₹7 lakh income, ₹50,000 standard deduction for salaried individuals and lower tax rates. “The government has structured the new scheme in a way that the tax outgo is either low or at par with the old scheme unless the taxpayer is claiming substantial tax deductions and exemptions," he said. For net incomes up to ₹7.5 lakh, the new tax regime is the straightaway choice as you get the tax rebate after claiming the ₹50,000 deduction.

oil and gas sector was the lone bright spot in a tepid job market in March, with a 20%-plus year-on-year growth in hiring, according to the monthly Naukri JobSpeak Index. The index for March stood at 2,657, down 4% compared to the previous month and 11% year-on-year.

Vi announced FPO worth Rs 18,000 crore, in addition to the recent Rs 2,000 crore preferential equity issuance to promoters.

It’s best to have a single Universal Account Number (UAN) and connect all your EPF accounts to it. However, for various reasons, an employee may end up with multiple UANs. When changing jobs, failing to provide your previous UAN details to your new employer could result in them enrolling you for a new UAN.

The Employees’ Provident Fund Organization (EPFO) is vital in safeguarding employees’ financial futures through retirement savings promotion. Getting a grasp on the latest clarifications regarding pension rules from the EPFO can be quite beneficial.

MUMBAI : Gazing down at Bengaluru from the top of the iconic Cafe Coffee Day building, known as the Square, one can sense the emerging power in India’s real estate market. Owned by Strata, the country's largest fractional real estate platform, the building symbolizes a major shift in property investments. Propelled by the concept of fractional ownership, Strata has rapidly grown to a formidable ₹1,800 crore in assets under management in just four years.

₹51.90 lakhs as of today. As of Monday's session, the market capitalisation stands at ₹3,603.94 crore as per BSE data.

investment portfolio. Asset allocation ensures diversification across assets and investments. Additionally, market fluctuations and the volatility of individual asset classes are common occurrences.

Blackstone, an investment firm, bought for $605m in 2014—only to default on its mortgage in 2022. Soaring above Grand Central station is the iconic Helmsley building. Its mortgage was recently sent to “special servicing" (it may be restructured or its owner may simply default).

credit cards) were growing at a faster pace. Taking note of the high growth and to avoid an increase in the banks' NPAs, the RBI increased the risk weights for these loans in November 2023. The move has not had much impact on the growth of these loans, specifically credit cards.

₹15,999. Also Read | Infinix Note 40 Pro series launched in India: Check price, specifications and more Realme P1 5G is priced at ₹15,999 for the 6GB RAM/128GB variant and ₹18,999 for the 8GB RAM/256GB storage variant. Moreover, the Realme P1 Pro 5G is priced at ₹21,999 for the 8GB RAM/128GB storage variant and ₹22,999 for the 8GB RAM/256GB storage variant.

InterGlobe Aviation Ltd. slipped 1.29 per cent to Rs 3642.1 in Monday's trade as of 02:00PM (IST). The stock hit a high price of Rs 3693.0 and low of Rs 3553.0 during the session. The return on equity (ROE) for the stock stood at 0.0 per cent. Traded volume on the counter stood at 02:00PM shares and turnover at Rs 11.19 crore around that time. The stock of InterGlobe Aviation Ltd. quoted a 52-week high price of Rs 3849.45 and 52-week low prices of Rs 1874.0, respectively.

Max Healthcare Institute Ltd. traded 3.3 per cent down at Rs 840.75 on Monday at around 01:55PM (IST), while the benchmark BSE Sensex declined 608.04 points to 73636.86. As many as 34,094 shares changed hands on the counter with a total value of Rs 2.87 crore.

Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans.

passenger vehicle sales grew 10 per cent YoY, but its electric vehicle (EV) sales nearly doubled to account for 2 per cent of the overall PV sales. This EV surge in EV sales can be can be attributed to factors like, government incentive schemes like PLIs, infrastructure development like more EV charging points, increasing urban consumer interest, and government push to meet green target. Now with reports of Tesla's entry in the Indian market, and its CEO Elon Musk India visit this month, experts say Indian EV market will see immense growth in next few years.