UPS Financial News

BOSCH link road and take a left. Also Read: Telangana deals with acute water shortage as reservoirs dry up amid Bengaluru water crisis; What's behind this drought? “Traffic from Dairy Circle towards Shanthinagar to take left at 7th Main Road of Wilson Garden.

The first thing students learn in Economics is that human beings act rationally. So, when a price comes down, we buy more of the product. This was the micro part of the story.

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product (GDP) expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have (growth of) 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. This sends an optimistic signal on our post-pandemic growth momentum.

Bitcoin’s next halving could push its value sky-high, with some experts predicting a spike up to $200,000. This major potential growth shines a spotlight on the entire crypto universe, where there are other lesser-known digital currencies that might also soar. In line with such extraordinary market movements, investors are scouting for the next big hitters. Hidden within the vast crypto space, a select few altcoins are showing signs of enormous upside, possibly reaching a thousand percent rise.  

Who won yesterday IPL Match? Well, if you watch the highlights of the match (especially the last 4 overs), you may get confused to find out who actually won the match between Delhi Capitals (DC) and Chennai Super Kings (CSK) on March 31 in Visakhapatnam. Let’s find out why. DC won the toss and decided to bat first at their home ground, the Dr.

Read here: Week Ahead: RBI Policy, auto sales, Q4 updates, global cues among key market triggers in first week of FY25 On Thursday, the Indian stock market indices ended sharply higher amid positive global cues, ending the financial year 2024 with robust gains. The Sensex spiked 655.04 points, or 0.90%, to close at 73,651.35, while the Nifty 50 settled 203.25 points, or 0.92%, higher at 22,326.90. The benchmark equity indices wrapped up the financial year 2023-2024 with notable gains as the Nifty 50 soared by 29%, while the Sensex jumped 25% during FY24.

Garena Free Fire Max redeem code for April 1, 2024: Garena Free Fire Max is an enhanced version of Garena Free Fire, a battle royale game banned by the Indian government in 2022. Since its launch in India, Free Fire Max has made a name for itself amongst the Indian masses owing to its immersive gameplay and intensive graphics. The release of daily redeem codes by the developers, 111 Dot Studios, only helps add to the excitement with the promise of assured free rewards like skins, diamonds and more.

Buy or sell stocks: On the last trade session in FY24, the Indian stock market witnessed a decisive intraday upside breakout. The Nifty 50 index went up 203 points and ended at the 22,326 level, the BSE Sensex shot up 655 points and finished at the 73,651 mark whereas the Bank Nifty index surged 338 points and closed at the 47,124 level.

Edited excerpts: We are still in the early stages with Sky. We have recently onboarded nearly 500,000 customers, so the platform is stabilizing. We are adding more features, but are focused on serving an underserved segment.

So what explains the sluggishness in stock prices of this sector? Analysts attribute this to the rising competition from regional players, slow rural market growth and inflation. But with stocks trading at reasonable valuations, rural growth set to pick up from the second half of the year and ebbing raw material prices, it may be time to reassess these companies’ prospects. FMCG firms enjoy lower cyclicality of earnings, strong cash flows, and excellent corporate governance. Usually, the broader market cycle is complete when profits peak, valuations become expensive (cyclicals and defensive valuations converge), cyclicals melt and rate cuts begin. “We might be at this juncture now. The next churn is likely to be in underperforming quality sectors—private banks, insurance and FMCG—the traditional defensives offering earnings resilience in a downturn,” states a Nuvama Institutional Equities report.

stock market, but eventually lose it all. They are then forced to flee or face jail time. I mentioned Shivraj Puri, who was first arrested in 2011 for scamming Citibank customers, in Gurugram, out of about Rs.400 crore while working as a relationship manager.

Daniel Kahneman, who passed away on 27 March at the age of 90, told us that our ability to make good decisions is not as easy as it appears. We rely too much on intuition for decisions that need deep and analytical thinking. Nowhere is this more apparent than in the process of making financial decisions. Here are the six mistakes Kahneman points out that can help investors avoid big money losses. 1.The Halo Effect The tendency to like everything about a person/management towards which investors have an affinity. A prime example is Asian Paints, a company that has been the darling of fund managers who look at ‘quality’ as their biggest parameter. These are companies that have high price-to-earnings (PE) ratios, but have built a ‘halo effect’, which basically states that irrespective of their valuations, these stocks will continue to give high returns. Over the past one year, the Asian Paints share has moved up by only 2%, against 30% rise in the Nifty. Even on a fiveyear basis, Asian Paints has lagged the Nifty. While the Nifty 50 rose 92%, Asian Paints rose 90%. The company had a PE ratio of 98x in 2021-22, which has now come down to almost 50x.

Chances are that you did not account for the exact pattern of gains or losses, or the order in which your investment returns occur. This is what is referred to as ‘sequence of returns’ risk. It is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to sequence of returns risk. Why is this risk a killer? Let us see with an example. Suppose two investors, A and B, start their retirement years with the same corpus of Rs.1 crore. They avoid withdrawals for the initial 10 years. Two different market scenarios play out for A and B, where the returns are identical, except that they occur in reverse order. A’s portfolio witnesses higher returns in the initial years, but lower returns than B’s portfolio in later years. In both scenarios, the Rs.1 crore initial pot would fetch the same amount of Rs.1.75 crore at the end of 10 years, with the market averaging 7.3% return annually. Both are on an even footing, despite a contrasting pattern of market returns.

₹75 crore investment in an air cooler manufacturing plant, prioritizing the segment amid stiff competition in air conditioners and subdued demand. Thompson, which has built enough inventory, plans to expand its capacity next year to further capitalize on the air coolers segment. “All three segments, including coolers, air conditioners and refrigerators, are growing because penetration of the appliances is still less," Avneet Singh Marwah, chief executive, Super Plastronics Pvt.

The majority of these are first-time job seekers in the 19-24 years age group, said government officials and experts aware of the details. Apart from this, about 300,000 people have been employed indirectly, they estimated. Companies that get incentives under the PLI scheme need to submit employment creation data to the government.

finance ministry released an additional ₹3,400 crore in urgent assistance for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), over and above the revised estimate of ₹86,000 crore for 2023-24, as work demand beat initial projections, a senior official told ET. This pushed up the actual MGNREGS allocation for the financial year to ₹89,400 crore, against ₹90,806 crore a year before but almost 50% higher than the budget estimate of ₹60,000 crore. As many as 3.05 billion person-days were generated under the MGNREGS — a demand-driven scheme — in 2023-24, against the revised target of 2.95 billion, showed the preliminary data compiled by the rural development ministry.

Rebel Wilson and Sacha Baron Cohen find themselves embroiled in a heated dispute stemming from their collaboration on the 2016 film Grimsby. The Pitch Perfect star initially accused Cohen of sexual harassment and exploiting her weight, claims vehemently denied by Cohen and the movie's producers.

«Talks are on with the United States (US), Australia, and United Kingdom (UK), South Korea, and Japan for processing technology. Brazil and Argentina are also positive about collaborating with India,» a senior mines ministry official told ET. According to another official aware of the plan, agreements with countries are being lined up and will soon be signed.

maize for ethanol production, its prices have shot up in the main producing regions, leading to fears of reduced state procurement. The increased prices can reduce the procurement by government agencies which have already made commitments to distilleries for ethanol production, said a senior government official, adding that the central agencies have already signed memorandum of understanding (MoUs) with over 40 distilleries that produce the clean fuel. As market price stays elevated, farmers may prefer to sell to private traders over government channels which procures at a minimum support price (MSP) of ₹2,090 per quintal for kharif season (2023-24).

Apna Dal on Sunday announced an alliance with the All India Majlis-e-Ittehadul Muslimeen (AIMIM), forming a fourth front in UP in the run-up to the general elections. The alliance has been named PDM (acronym of Picchda, Dalit, Musalman), offering a competing take on Samajwadi Party chief Akhilesh Yadav's 'Picchda (backwards) Dalit Alpsankhyak (minorities)' theme for the INDIA bloc in UP. «Because we are fighting to establish the current identity of the backwards, Dalits and Muslims, therefore setting aside the confusion of alphabet 'A', we are bringing the PDM nyaya morcha,» Patel said at a joint conference with AIMIM chief Asaduddin Owaisi in Lucknow.

Indian politics is taking a leaf out of the US playbook. With Lok Sabha elections just weeks away, political merchandise is taking off in a big way for the first time in the world's largest democracy. Ecommerce platforms such as Amazon, Flipkart and Meesho are cashing in on the poll fever, selling 'election clothing' such as t-shirts, caps and sweatshirts with messages such as 'NaMo Hat Trick', referring to Prime Pinister Narendra Modi, and 'Rahul is Hope', referring to Congress leader Rahul Gandhi. «At least two dozen sellers have onboarded different ecommerce platforms with election merchandise. We are consistently getting requests from sellers as the election momentum builds up,» said an executive at a large ecommerce platform asking not to be named. Amazon, specifically, is selling merchandise under a 'Wear Your Opinion' franchise on the online platform.