UPS Financial News

‘Looking forward to meeting with PM Modi’: Elon Musk confirms visit to India Tesla share price has jumped nearly 6 per cent this week so far on NASDAQ ahead of CEO Elon Musk's meeting with Prime Minister Narendra Modi. Musk has confirmed that he will be visiting India and meeting PM Modi amid buzz that EV (electric vehicles) maker Tesla is finally scouting for land to set up a factory in the country. Tesla share price closed 1.65 per cent higher at $174.60 in the previous session.

TCS: The IT company is expected to present moderate figures for Q4FY24, driven by the acceleration of significant deal victories, despite the ongoing weakness in crucial international markets. The company will disclose its earnings for the March quarter on Friday, April 12. Industry experts estimate TCS's revenue growth to be in the lower single digits on a quarter-on-quarter (QoQ) basis in constant currency terms.

PVR INOX unveiled a 14-screen megaplex in Bengaluru, featuring three high-end formats: MX4D, ScreenX, and Insignia. The newly opened cinema at Phoenix Mall of Asia in Bengaluru can accommodate up to 1,997 viewers and is equipped with 4K laser projection, Dolby Atmos advanced surround sound, and a Volfoni 3D screen.The multiplex chain has introduced South India's first MX4D, an immersive 4D movie experience, and ScreenX, a 270-degree cinema viewing experience.

'Shashi Tharoor, in desperation...': Rajeev Chandrasekhar on defamation notice to Congress MP Following this Tharoor's lawyer stated that, "he is not responsible" for "any other versions of the same program" or any editing, post-production changes, studio recordings of casual talks, chats, or any other acts that are not intended for broadcasting. "My client is not responsible for any 'slander' as he has not uttered any.

Suzuki said authorities were analysing not just recent yen declines but factors that are driving the moves, and repeated that Tokyo stood ready to respond to any excessive currency swings. Suzuki said finance leaders from the Group of 20 major economies, who will meet in Washington D.C. next week on the sidelines of the spring International Monetary Fund (IMF) gatherings, may discuss currency moves as part of topics for debate.

derivatives thrived in India for over a decade, fueled by retail investors and proprietary traders. Then the central bank broke up the party. Until recently, traders were betting freely on the rupee’s rise and fall without holding underlying assets. A rule that allowed transactions of up to $100 million without providing proof of an actual foreign-currency exposure had been interpreted by them as tacit acceptance of speculative trade by the authorities.

Who won yesterday IPL Match? Mumbai Indians (MI) took on Royal Challengers Bengaluru (RCB) at home on April 11. Mumbai, coming from their first win in four matches, won the toss and decided to field first. Bengaluru had a rocky start to their innings.

PM Modi scheduled to address an election rally at Modi Stadium in Udhampur on April 12: Ahead of the upcoming Lok Sabha 2024 elections, the Bharatiya Janata Party (BJP) is gearing up for a series of high-profile political rallies in this region. Ravinder Raina, the BJP's Jammu and Kashmir chief, revealed that the party has mobilised its cadre for Uttar Pradesh Chief Minister Yogi Adityanath's rally on Wednesday, April 12, in Kathua.

Mint in the week gone by. In a historic milestone, the Indian stock market’s valuation crossed ₹400 trillion, with the last ₹100 trillion coming in a mere nine months. The policy decision made by the oil cartel Opec+ earlier this month has resulted in a surge in international crude prices to their highest level in five months.

Following a slow day of news that saw Bitcoin (BTC) trade in rangebound fashion in the $70,000-71,000 area, traders are turning to the altcoins markets as they hunt for the best crypto to buy now that could deliver quick gains.

On a boring day in the blue-chip cryptocurrency markets where Bitcoin (BTC) went sideways in the $70,000-$71,000 area and Ether (ETH) was rangebound in the $3,500 area, traders instead turned to the highly volatile and illiquid micro-cap on-chain markets to hunt for top crypto gainers today.

Sensex surged 354.45 points to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates a formation of high wave type candle pattern.

Bloomberg. “The new Macs are underway at a critical time. After peaking in 2022, Mac sales fell 27% in the last fiscal year, which ended in September.

FUNDAMENTALS

Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT.

Israel was on alert Thursday after its arch-foe Iran threatened reprisals over a strike in Syria this month that killed two Iranian generals, and as the war against Hamas ground on in Gaza. Days after Israel strengthened its air defences and paused leave for combat units, the United States also warned of the risk of an attack by Iran or its allied groups at a time when Middle East tensions have soared. Iran is «threatening to launch a significant attack on Israel», US President Joe Biden said Wednesday, pledging «ironclad» support for its top regional ally despite diplomatic tensions over Israel's military conduct in Gaza.

The euro was eyeing its sharpest weekly fall in about four months, pressured in part by a resurgent greenback and expectations that the European Central Bank (ECB) could begin easing rates in June, likely ahead of the Federal Reserve.

roads and one power transmission asset in India. Larsen & Toubro held a 51% stake in L&TIDPL, while the Canada Pension Plan Investment Board (CPP Investments) owned the remaining 49%. With this transaction, Edelweiss will have a total of 26 assets including 5,000 lane-km of roads, 1,800 circuit km of power transmission assets, and 813 peak MW of renewables, generating a cumulative annual revenue of ₹3,000 crore.

Opposition forces in the state, ruling Trinamool Congress MLA Hamidur Rehman said on Thursday if the votes aren't cast in his party's favour, they should not complain if anything were to happen to them once the central forces leave the district, after April 26. Addressing locals at an election rally at Chopra in North Dinajpur, Rehman said, «The supporters of the BJP, Congress and the CPI(M) are keenly awaiting the polling day in North Dinajpur. However, I wish to tell them that the central forces will only be around till April 26. Thereafter, you will fall back under our force (a veiled reference to the state police). I would urge the supporters of the Opposition parties not to waste their precious votes on the BJP, Congress and CPI(M) candidates. Do remember that the central forces will troop out of this district on April 26. Only our force will hold sway after that. They shouldn't go complaining then if something were to happen to them (after the polling ends).» Daring the BJP, Congress and the Left to list out their development works in the district, he said, «If the BJP, Congress or the CPI(M) carried out any development work here, even I will stand in their support. Otherwise, I would urge the voters not to waste their precious votes on their candidates.»

Carnegie Endowment said the US has limited ability to influence the trajectory of emerging powers such as India. In a report released Tuesday, it said besides India, other emerging powers—Argentina, Brazil, Indonesia, Mexico, Nigeria, Saudi Arabia, South Africa, Thailand and Türkiye—have taken stances that contrast or directly clash with US positions on China and Russia over the past few years.

yen after the currency slumped to its weakest level against the dollar since 1990. Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.