UPS Financial News

Strait of Hormuz by helicopter Saturday, an attack a Mideast defence official attributed to Iran amid wider tensions between Tehran and the West. The video showed the attack earlier reported by the British military's United Kingdom Maritime Trade Operations. It had offered no details about the boarding in the Gulf of Oman off the Emirati port city of Fujairah. The defence official, who spoke on condition of anonymity to discuss intelligence matters, shared the video with the AP. Though the AP could not immediately verify it, it corresponded to known details of the boarding and the helicopter involved appeared to be one used by Iran's paramilitary Revolutionary Guard, which has carried out other ship raids in the past.

«Individuals earning higher income are charged an additional charge above tax which is known as a surcharge. It's worth noting that in Budget 2023, the highest surcharge rate of 37% was reduced to 25% under the new tax regime, effective from 1st April 2023. This move brought down the effective tax rate from 42.74% to 39%,» says Abhishek Soni, co-founder, Tax2Win, a tax filing assistance company.

ITC and Tata Consultancy Services (TCS) witnessed significant buying action in March from mutual funds, which bought shares worth Rs 7,700 crore in the former and Rs 5,700 crore in the latter, a Nuvama report suggested. Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. It was followed by DSP MFs and Kotak MF which added shares worth Rs 432 crore and 377 crore, respectively. The other large additions included Aditya Birla Sun Life MF which bought shares worth Rs 306 crore while Axis MF bought ITC shares worth Rs 356 crore.

China has not liked Tesla CEO Elon Musk planning to open an electric car factory in India. Musk is set to travel to India later this month and meet Prime Minister Narendra Modi, with plans for a Tesla factory expected to be announced. Musk has negotiated with the Indian government for long. He preferred to import cars into India at a lower duty while India wanted him to manufacture cars locally. He is likely to announce Tesla's India entry after the government announced its new EV policy last month which is likely to suit him. The government will allow the import of completely built-up electric cars that have a minimum cost, insurance and freight value of $35,000 (Rs. 29.2 lakh) at 15% import duty five years in exchange for a minimum investment of $500 million to start local manufacturing. India levies import duty of up to 100% on completely built-up cars. Read| Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi

Curb Your Enthusiasm first aired. In that opening episode — ‘The Pants Tent’, October 2000, streaming in India on JioCinema — Larry David has a fight with his friend Richard Lewis. After much yelling, Lewis asks David to call him “by sundown." David is stunned by the word, not the demand.

Tomorrow's IPL Match: Mumbai Indians (MI) and Chennai Super Kings (CSK) will clash on April 14 at the Wankhede Stadium in Mumbai. MI, having won 2 out of 5 matches, are at number 7 at the moment. CSK, on the other hand, have lost 2 of their 5 matches and are sitting at number 3.

Meta said, “Our generative AI-powered experiences are under development in various phases, and we’re testing a range of them publicly in a limited capacity," The feature was spotted first by a TechCrunch report, which said that Meta was testing its AI chatbot in the main search bar, but other reports suggest that the chatbot appeared in the Instagram DM search bar. The Engadget report states that clicking on the Meta AI icon allowed them to have a conversation with the chatbot directly from their DM, similar to chatting with a friend.

eastern front has deteriorated significantly in recent days" in the face of a heightened Russian offensive, Ukraine's commander-in-chief Oleksandr Syrsky said Saturday. Syrsky, who took over as commander-in-chief in February after Ukrainian President Volodymyr Zelensky fired his popular predecessor, Valery Zaluzhny, said Russians also had superior weapons. He spoke of «a significant intensification of the enemy's offensive after the presidential elections in Russia,» in the middle of March and added that decisions were being taken «to strengthen the most problematic defence areas with electronic warfare and air defence».

Tamil Nadu, the Congress posed several questions to him on Saturday, asking why is he so eager to privatise the Salem Steel Plant and why the ruling BJP has not set up a single educational institute in the southern state. Congress general secretary Jairam Ramesh also asked Modi whether the All India Institute of Medical Sciences (AIIMS) in Madurai is merely a publicity stunt. «Today's questions for the PM as he heads to Tamil Nadu: AIIMS Madurai: Premier institute or publicity stunt? Why hasn't the BJP set up a single premier educational institute in TN? Why was the PM so eager to privatise Salem Steel Plant,» Ramesh asked in a post on X. Accusing the Bharatiya Janata Party (BJP) of giving «jumlas» (rhetoric), he said the saffron party proudly announced the establishment of the AIIMS, Madurai in the 2015-16 Union budget and for four years since the announcement, no action was taken.

Senior citizens who are interested in investing in FDs should now make the most of the high-interest rate of FDs prevailing in the market. Here's a list of highest FD interest rate for senior citizens in three years offered by various banks:

Shankar Sharma portfolio: Telecom stock Valiant Communications is in the news these days as the ace investor's name has appeared in the shareholding pattern of the small-cap company for the January to March 2024 quarter. As per Shankar Sharma's latest portfolio update, the market magnate has picked Valiant Communications shares during the recently ended March 2024 quarter. After the outbreak of this stock market news, the telecom stock hit a 5 percent upper circuit on Friday.

₹45,000 crore. It is set to raise over ₹20,000 crore this month, via the combination of a massive follow-on public offer (FPO), and a rights issue. Starting 18 April, the FPO targets a fund infusion of ₹18,000 crore, by selling shares in a band of ₹10-11, which is at a discount to the prevailing price.

UP Board Class 10, 12 Result Live Updates: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is expected to declare the results of the Matric and Intermediate – Class 10 and 12 – board examinations 2024 soon. The UP Board Class 10, 12 Result will be declared on official website – upresults.nic.in.Students can check their results on the UPMSP official websites at:As per the latest update, the UPMSP completed the evaluation process of the answer sheets of both classes on March 30, 2024.

Streaming service provider Roku said on Friday it identified a second cyberattack that impacted about 576,000 additional accounts while investigating a breach that affected 15,000 user accounts earlier this year. The company, which had more than 80 million active accounts, said the hackers did not gain access to any sensitive information such as full credit card numbers or other payment details.

shares are soaring as investors benefit from rising oil prices and a stronger-than-expected economy, while seeking to protect their portfolios from a feared resurgence of inflation. The S&P 500 energy sector is up about 17% in 2024, roughly doubling the broader index's year-to-date return. Its gains have accelerated in recent weeks, making it the S&P 500's best performing sector in the past month.

smallcap stocks that offered double-digit returns this week were only 24. Last week, as many as 400 smallcaps rose in double-digits. The market sentiments worsened as the week went on as investors' hopes for a June rate cut were dashed by higher-than-expected inflation in the US.

Trump turned to one of his favorite themes on Friday — the specter of immigrants improperly voting in federal elections. House Speaker Mike Johnson came to the former president's Florida compound to announce that he would introduce a bill to stop those who are not citizens from voting in elections. Trump has made baseless claims about this subject before, like in 2016, when he blamed his loss of the popular vote on voting by immigrants, and then appointed a commission to investigate the issue. It disbanded without identifying a single case of a noncitizen casting a vote. He and other Republicans have recently revved up their conspiratorial claims about the issue with the influx of migrants across the southern border under Biden, contending Democrats are letting them in to add them to the voter rolls.

Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about slower U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a barrel, while U.S. West Texas Intermediate crude futures rose 64 cents to $85.66.

Jerome Powell was poised to kick off the great monetary pivot in earnest thanks to the steady demise of inflation, while Corporate America’s famous profit machine vindicated the euphoria on Wall Street and beyond. Now after a week of geopolitical tensions and bond volatility, life is getting harder for money managers who are sitting on some of their highest exposures to stocks and credit combined in a decade.

Launching the poll pitch for the 18th Lok Sabha polls, Former Bihar Deputy CM and RJD leader Tejashwi Yadav said «We have released 'Parivartan Patra'. We have brought 24 'jan vachan' (public promise) for 2024.

The dollar index was on track to post its largest weekly percentage gain since September 2022. It was last up 0.7% at 106.02.