UPS Financial News

The $RECQ presale by Rebel Satoshi ($RBLZ) emerges as a beacon of pioneering decentralization and community empowerment in the crypto space. On the other hand, Dogecoin (DOGE) experienced some weakened price movement, potentially challenging broader market trends. Yet, Dogwifhat (WIF) entered the market with the volatility characteristic of meme coins, showcasing dramatic price swings.

Shreyas Iyer at Eden Gardens here on Sunday helped the Kolkata Knight Riders (KKR) register their first-ever win against Lucknow Super Giants (LSG) in Indian Premier League (IPL) history. KKR is in the second spot, with four wins and a loss in five matches. It gives them a total of eight points. LSG is in the fifth spot with three wins and three losses, giving them six points. In the run chase of 162, KKR got some extra runs in the first over itself, with pacer Shamar Joseph throwing some wides. The first over produced 22 runs, including a four and six by Sunil Narine and Phil Salt, respectively.

Rohit Sharma's valiant second Indian Premier League (IPL) century went in vain as a four-wicket haul from Matheesha Pathirana managed to restrict a power-packed Mumbai Indians (MI) line-up to 186/6 in their 20 overs and Chennai Super Kings (CSK) secured a 20-run win at Wankhede Stadium on Sunday. With this win, CSK is at number three with four wins and two losses, giving them eight points. MI is at eighth spot, with two wins and four losses, giving them four points. In the run chase of 207 runs, openers Rohit Sharma and Ishan Kishan started really well. Slowly building from boundary each in the first two overs, the duo targetted pacers Tushar Deshpande, Shardul Thakur and Mustafizur Rahman in next three overs.

Europe to rise 10-15%, logistics and insurance costs to rise and engineering exports demand to Europe to get impacted following Iran's attack on Israel. Already, the unfolding crisis in the Red Sea region is leading to shifting of large amount of cargo traffic to air mode such as leather goods, which were traditionally sent by ships, pushing up air freight volume.

Rohit Sharma became the first Indian to smash 500 sixes in T20 cricket. The 'Hitman' achieved this milestone during his side's Indian Premier League (IPL) match against Chennai Super Kings (CSK) at Wankhede Stadium. Rohit was at his vintage best in the match, scoring 105* in 63 balls. His knock was studded with 11 boundaries and five sixes.

Indus Towers, India's leading tower company, could post 8% compound annual growth rate in operating income through FY24-27 if key customer Vodafone Idea (Vi) closes its much-awaited ₹45,000 crore fundraise on schedule and invests in network expansion, analysts said. Cash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to ₹18,000 crore. This will be closely followed by a ₹25,000-crore fundraising via debt. The company has already approved raising ₹2,075 crore from a promoter entity through a preferential share issue. "...we are enthused by progress on the (Vi) fund raise and believe this should drive further upside for Indus Towers," Citi Research said in a recent report.

Mumbai: Disney Star has rationalised ad rates for the ICC Men's T20 World Cup 2024, compared to the previous edition held in 2022. The tournament is slated for June 1-29 in the United States and West Indies. On TV, the broadcaster is seeking ad rates of over Rs 6.2 lakh per 10-second spot from sponsors and Rs 6.4 lakh per 10-second spot from spot buyers. For just India and playoff matches, the 10-second rate goes up to Rs 35 lakh and Rs 18 lakh on mobile and CTV, respectively. Disney Star owns both TV and digital rights for ICC events in India.

Indian firms are likely to step up mergers and acquisitions (M&As) this year, with deals worth $75 billion estimated in 2024 against about $60 billion last year, said Ganeshan Murugaiyan, head, corporate coverage and advisory, BNP Paribas, India. In an interview to ET, the veteran investment banker pointed out acquisition opportunities in areas where geopolitical volatility had rendered some industries uncompetitive. Edited excerpts: The previous year was a lean one for M&A activity everywhere. What are clients saying about 2024? Last year, volumes were down almost 30-35% from what we saw in prior years. There were many factors, but if you look at 2024, the momentum is building up quite a bit. One is that clearly you have a lot of M&As within India. When I say domestic, a big component which has got added now is private equity. In a lot of assets, controlling stake by private equity may change hands this year. In India, my guess is that M&As should be somewhere around $75 billion versus around $60 billion last year.

BDO India LLP is set to open a global capability centre (GCC) in the country through a joint venture among BDO member firms spanning India, the US, the UK and Germany, senior executives said. The GCC, which will be set up in Noida, will look to recruit up to 5,000 people within the next 3-4 years, marking the latest instance of professional services firms establishing or expanding capability centres in India. The Big Four between them have more than 250,000 people working in GCCs in India. The trend is now getting reflected in smaller professional services firms like BDO which are opening GCCs in India to compete effectively on cost and quality.

Raw material prices are also starting to show initial signs of inflation after moderating previously, indicating price increases in some categories could be in the offing. Most consumer goods companies raised prices by more than a quarter in the past two years to offset rising costs under heads such as raw materials, supply chain and energy.

Earlier this month India — that already has punitive duty barriers of close to 50% for importing solar modules and cells from overseas — came up with its own set of non-tariff barriers to predominantly block Beijing. This coincided with US treasury secretary Janet Yellen’s heightened political pitch around overcapacity in Chinese steel, solar, EV, lithium-ion batteries and other clean tech products, as a precursor to a crackdown on imports. The updated docket or roster of vendors who can supply solar panels to our large scale power developers is an 82 page document, with 83 vendors and predictably has no Chinese candidates. As per this Approved List of Models and Manufacturers (ALMM) order for solar photovoltaic modules, domestic module manufacturers will also have to register their sub-contractors and vendors with the renewable energy ministry.

From rapid charging capabilities to versatile compatibility with various devices, these chargers offer affordability without sacrificing quality. Join us as we explore the features, benefits, and value these chargers bring, ensuring you're always powered up and ready to go, no matter where life takes you.

Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections. Further, the Centre is gearing up for a new World Bank assessment framework called Business Ready (B-READY), which would assess countries on everything from the start to the closure of a business. «There are four or five elements which they (startups) are a little concerned about. Mainly these are on issues like Angel tax, TDS ( tax deducted at source) there is some software related issue, on ESOP… getting into some kind of double taxation,» DPIIT secretary Rajesh Kumar Singh told ET in an interview.

Mint looks at the implications for the rest of the world, including India. In a departure from its long-term policy, Iran attacked Israel directly late on Saturday taking tensions in the region to a new high. The attack was in response to the bombing of Iran’s Consulate in Damascus on 1 April, ostensibly by Israel, that killed senior Iranian military commanders.

NEW DELHI : Iran's reprisal attacks on Israel are unlikely to significantly dent the Indian stock market unless Tel Aviv responds, in which case crude oil prices could spike on supply disruptions, market analysts said on Sunday. Their comments came after the Tel Aviv Stock Exchange's (TASE) benchmark TA-35 index closed up 0.27% at 1938.18 on Sunday despite Iran's overnight drone and missile attacks. The TASE runs from Sunday through Thursday.

ALSO READ: Harsha Bhogle opens up on Pandya's T20 World Cup selection, says 'If Hardik is not bowling...' As soon as Pandya and CSK skipper came to the field, Pandya was booed by the fans and loud chants of 'Rohit Rohit' was also heard. Earlier, with Pandya being booed by fans, following three back-to-back defeats in the competition, Virat Kohli was not pleased and requested the fans to cheer him. He also reminded the fans that Pandya plays for the Indian cricket team.

₹44,126 crore, followed by Uttar Pradesh (Rs. 41,381 crore), Karnataka ( ₹31,922 crore) and Tamil Nadu ( ₹22,340 crore). Gujarat collected ₹20,298 crore.

₹8,027 crore and trimmed their bullish derivatives bets the next day. Buying by DIIs worth ₹6,341.53 crore limited the losses. Indeed, retail and HNIs turned aggressively bullish on Friday while proprietary traders took a bearish stance and FPIs trimmed their bullish bets.

ALSO READ: CSK vs MI: Fans looking forward to 'Thala' batting bit longer, Aaron Finch says 'MS Dhoni will get biggest cheer..' Currently, skipper Ruturaj Gaikwad (37) and Shivam Dube (26) are batting for the franchise. For Mumbai Indians, Gerald Coetzee and Shreyas Gopal picked up one wicket each.

ALSO READ: CSK vs MI: Fans looking forward to 'Thala' batting bit longer, Aaron Finch says 'MS Dhoni will get biggest cheer..' Gagan Chawla wrote, “Rahane opening in 2024, CSK challenging every law that exists in this mighty universe!" Mohit Shah commented, “Ajinkya Rahane was really in his element the last time he faced MI at the Wankhede. That probably prompted CSK to open with him but why tweak something that's clearly working well." "The el classico already got us surprised with Rahane opening (sic)," another social media user wrote. It was expected that if Rahane was promoted as opening batter, it would be good for the team considering Rahane practically batted his entire career at Wankhede Stadium.

₹40,000 per candidate over and above their regular fees if they manage to make senior candidates join in less than 30 days. The urgency to get experienced employees in programs like Flutter, Windchill, Workday, and SAP, among others, is a sign that markets are opening up for the IT services firm.