UPS Financial News

Shares of Bandhan Bank Ltd.(up 3.92 per cent), HDFC Bank Ltd.(up 3.06 per cent), Au Small Finance Bank Ltd.(up 2.63 per cent), IDFC First Bank Ltd.(up 1.34 per cent) and Kotak Mahindra Bank Ltd.(up 1.04 per cent) ended the day as top gainers in the pack.

«Such co-branded cards reward the users for their loyalty by providing maximum value-back with the associated brand in the form of accelerated reward points, cashback or direct discount. Some cards, particularly those co-branded with airlines or hotel loyalty programs, may also extend complimentary membership or elite status to the cardholders, helping them unlock more perks,» explained Rohit Chhibbar, head of credit cards business, Paisabazaar. Also read: Top banks' credit cards with low annual fee

IHCL) has partnered with Merlin Group to open a new resort near Joka on Diamond Harbour Road, Kolkata. IBIZA – an IHCL SeleQtions will have 130 keys, including eight suites, spread over 11 acres in Kriparampur, a popular tourist destination. The property will also boast a 5,400 sq. ft. ballroom, conference halls, pre-function areas, meeting rooms and scenic outdoor venues. “The existing resort will be refurbished and expanded under a new brand, with plans to open in October 2025. A total investment of Rs 60 crore will be infused for the planned expansion,” said Sushil Mohta, Chairman of Merlin Group, hinting the company may look at more assets with IHCL.

BJD for the 21 Lok Sabha seats, Chief Minister Naveen Patnaik's party has nominated at least seven leaders who came from either the BJP or the Congress. The turncoats who have been nominated by Patnaik for the Lok Sabha elections are Surendra Singh Bhoi (Bolangir), Parineeta Mishra (Bargarh), Bhrugu Baxipatra (Berhampur), Manmath Routray (Bhubaneswar), Ansuman Mohanty (Kendrapara), Pradeep Majhi (Nabarangpur) and Dhanurjay Sidhu (Keonjhar). While a number of senior leaders including former MP Prasanna Patsani were in the race for the party ticket from Bhubaneswar Lok Sabha seat, Patnaik preferred to pick Manmath Routray, a commercial pilot and son of six-time Congress MLA Suresh Routray. He was given BJD ticket within hours of his induction in the regional outfit.

Indian stock market today: A total of 3 stocks have been banned for trade on Thursday, April 4, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

powerful 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, killing nine people and injuring more than 1,000. The island plays an outsized role in the global chip supply chain as it is home to the world's largest chipmaker, Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia.

Lok Sabha Elections 2024 LIVE Updates: The Cooch Behar constituency is gearing up for a fiery Lok Sabha campaign on Thursday, with back-to-back rallies by PM Modi Modi and Chief Minister Mamata Banerjee. Prime Minister Narendra Modi will address a public rally in West Bengal's Cooch Behar as a part of BJP's Lok Sabha campaign today. Soon after, Bengal CM Mamata Banerjee will also campaign for the Trinamool Congress in the Mathabhanga area of Cooch Behar district.

Tata Elxsi Ltd. gained 1.38 per cent to Rs 8111.75 at 10:50AM (IST) in Thursday's trade. The scrip hit a high of Rs 8194.85 and low of Rs 8050.0 so far during the session. The stock had closed at Rs 8001.25 in the previous session. The counter had a total traded volume of 10:50AM shares so far with a turnover of Rs 10.85 crore on BSE. The stock traded at a price-to-earnings multiple of 63.48 and a price-to-book ratio of 17.8.

Au Small Finance Bank Ltd.(up 5.53 per cent), Bandhan Bank Ltd.(up 3.63 per cent), HDFC Bank Ltd.(up 1.9 per cent), IDFC First Bank Ltd.(up 1.6 per cent) and Kotak Mahindra Bank Ltd.(up 0.42 per cent) were among the top gainers.

Chakri Lokapriya, Managing Partner, RSB LLP, says among T&D companies, Skipper is one of the largest companies globally and in India, they are present not just in manufacturing but also in EPC. The stock has valuations on its side. Demand has been weak for the last two years for well-known reasons. Now the cycle is picking up; Second is JTL Infra, again a bet on the manufacturing theme. They are doing capacity expansion to meet demand and valuations are on its side. These are the bets largely revolving around manufacturing and capex themes.” There are two moving parts, especially when it comes to the commodity construct. A) The rip-roaring ride that we are seeing in metals and B) the uptick in crude that the market is sort of ignoring. What do you make of the move in metals so far? Chakri Lokapriya: If you look at what is happening in metals both domestically and globally, the US data has come out stronger than expected.

Max Healthcare Institute Ltd. gained 0.04 per cent to Rs 819.0 in Thursday's session as of 10:55AM (IST) even as the equity benchmark Sensex traded 357.13 points lower at 73519.69. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 909.0 and a 52-week low of Rs 412.0 on NSE. Around 10452 shares changed hands on the counter till 10:55AM (IST).

recycling lithium-ion batteries (LIB) and e-waste using indigenous technology in Uttarakhand. This move aims to enhance circularity and lessen the country's reliance on imported critical mineral resources. Presently, a large portion of LIBs, about 95%, end up in landfills without recycling, while only 5% undergo the process. The lithium-ion battery recycling market is expected to grow significantly, reaching close to $15 billion by 2030, showing a compound annual growth rate of 21.6%. In 2021, the market size was $3.8 billion. Improper disposal of LIBs through landfilling and incineration poses environmental and health risks. Effective recycling will not only provide secondary raw materials for cell manufacturing domestically but also help in averting health hazards. Moreover, e-waste poses a substantial challenge, with approximately 78% of it not being collected in India. This results in valuable secondary raw materials like gold, silver, copper, and rare earth elements being left in dump yards or landfills. India is currently the third-largest generator of e-waste globally.

₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. On a sequential basis, the advances of HDFC Bank, the largest private sector bank in India, grew 1.6% from ₹24.69 lakh crore in December 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 53.8% over March 31, 2023, and around 1.9% ( ₹472 billion) over December 31, 2023, HDFC Bank said in a BSE filing on Thursday.

Vodafone Idea will on 6 April consider issuing equity or convertible securities of up to ₹2,075 crore on a preferential basis to one or more promoter group entities, the company told BSE in a notice late Wednesday. This follows shareholder approval of the third largest carrier's proposal to raise ₹20,000 crore from issuing securities. Vodafone Idea’s board had approved a ₹45,000-crore fundraising initiative, including the ₹20,000-crore equity-based capital infusion from existing investors, on 27 February.

—Name withheld on request

Lincoln Financial Group is beefing up its shelf of retirement plan offerings with two new solutions, one for businesses and the other for not-for-profit organizations.

₹20.2 trillion, up 11.7%. Last fiscal year’s monthly average GST mop-up was ₹1.68 trillion, up from ₹1.5 trillion the year before. It seems we can finally close the long chapter of shortfall-compensation for states after the mid-2017 switchover to GST from multiple central and state taxes that got subsumed by this uniform levy across the country.

Sensex fell 27.09 points, or 0.04%, to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 4 “Markets are trading with caution ahead of the RBI policy meeting and key macro data to be released in the US and Europe. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

KKR produced a remarkable performance as their target of 273 turned out to be too much for the DC as they gave in to the pressure and ended up suffering a 106-run defeat. With KKR's yesterday's win, the team marched on to the top of the table with their third consecutive win. KKR's Sunil Narine (85), Angkrish Raghuvanshi (54), Andre Russell (41) and Rinku Singh's brutal-bashing helped KKR come within touching distance of surpassing SRH's score of 277.

Buy or sell stocks for today: On account of the US Fed Chair Jerome Powell's speech later in the day, the Indian stock market remained choppy on the entire Wednesday session. The Nifty 50 index went off 18 points and closed at the 22,434 level, the BSE Sensex shed 27 points and ended at the 73,876 mark while the Bank Nifty index gained 78 points and finished at the 47,624 level.

Vodafone Idea: The telecom services provider announced in an exchange filing on Wednesday that its shareholders have given the green light for a proposal to issue securities amounting to approximately ₹20,000 crore. This announcement came a day after the company's virtual Extraordinary General Meeting (EGM). With this approval, the telecom firm is on track to wrap up the equity fundraising by June's end.