UPS Financial News

Shares of State Bank of India(up 1.73 per cent), Kotak Mahindra Bank Ltd.(up 0.91 per cent), IndusInd Bank Ltd.(up 0.52 per cent), Bank of Baroda(up 0.31 per cent) and Punjab National Bank(up 0.09 per cent) ended the day as top gainers in the pack.

Shares of Eicher Motors Ltd.(up 4.22 per cent), Maruti Suzuki India Ltd.(up 2.97 per cent), Tube Investments of India Ltd.(up 1.44 per cent), Samvardhana Motherson International Ltd.(up 0.86 per cent) and Bosch Ltd.(up 0.42 per cent) ended the day as top gainers in the pack.

Kothari Sugars & Chemicals Ltd.(up 4.37%), Ponni Sugars(Erode)Ltd.(up 2.14%), Bannari Amman Sugars Ltd.(up 0.92%), Ugar Sugar Works Ltd.(up 0.88%), Triveni Engineering & Industries Ltd.(up 0.64%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), DCM Shriram Industries Ltd.(up 0.60%) and Mawana Sugars Ltd.(up 0.06%) stood among the top gainers.

Bharatiya Janata Party (BJP). Thakeray, accompanied by his son Amit Thackeray, flew to Delhi and met Union Home Minister Amit Shah on March 19 adding to the speculation of a new seat-sharing arrangement emerging in Maharashtra, the state that sends 48 members to the lower house of the Parliament. Raj Thackeray, 55, is the estranged cousin of Uddhav Thackeray, the former Chief Minister of Maharashtra.

There may be no US Fed rate cut in 2024 as inflation remains sticky, says Madhavi Arora of Emkay "While the US Fed is likely to maintain its stance and keep the rate unchanged, its commentary will hold importance as it would provide insights into the Central bank’s future rate action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Also Read: US Federal Reserve meeting day 2: What does a rate decision mean for Indian stock market? Sensex and Nifty 50 opened with mild gains but traded volatile during the session. Eventually, Sensex closed at 72,101.69, up 90 points, or 0.12 per cent while the Nifty 50 settled with a gain of 22 points, or 0.10 per cent, at 21,839.10.

BSE Sensex hovering near record highs. However, brokerage firms are adopting a cautious stance following this prolonged rally. Phillip Capital, in a recent report, predicted that Nifty's euphoric rally is likely to see a sharp decline.

mutual funds has really caught up with retail investors in the past one year. This is clearly evident from the latest data released by the Association of Mutual funds in India (AMFI) for the month of February. The value of assets held by individual investors in mutual funds rose 40 percent to ₹32.87 lakh crore in Feb 2024 vis-à-vis ₹23.44 lakh crore in Feb 2023, the AMFI data reveals.

₹27,000 crore. Attaching pictures of him, Himanta Biswa Sarma, and Tata Sons Chairman N Chandrasekaran, took to X and said that Manufacturing of semiconductors in Assam will put the state on the global map. "The investments being made in Assam transform the state in complex treatment for cancer care.

₹240 crore to his four-month-old grandson, Ekagrah, who now holds a 0.04% stake in the company. This gesture follows the tradition of grandparents gifting shares, gold, cash, and other assets, but this raises questions about the tax implications for both the giver and the receiver. There is no tax incidence in the hands of recipient, whether minor or an adult, if the gift is from a relative.

BENGALURU : Audio entertainment platform Pocket FM has raised $103 million in its Series D funding—its largest yet—providing more evidence of the funding freeze easing up for startups demonstrating a clear path to growth. The company’s valuation has nearly doubled in the latest fundraise, to about $750 million from $390 million when it previously raised $65 million in its Series C round in March 2022.

Australian venture capital firm King River Capital, blockchain gaming firm Immutable and Polygon Labs have teamed up to launch a $100 million gaming fund.

US-based crypto companies tend to offer higher salaries across various positions and experience levels compared to their international counterparts, a survey published Tuesday showed.

Real Estate Regulatory Authority (MahaRERA) has issued draft guidelines with a proposal that every real estate project needs to maintain three bank accounts in the same scheduled bank to ensure compliance, efficiency, transparency, accountability, and appropriate utilisation. Of these accounts, Collection Account will maintain all revenue from the allottees and any other charges excluding all taxes and statutory duties. The second account, Separate Account, will be where 70% of the revenue from the project will be transferred to from the Collection Account. This amount will be solely utilised to cover land and construction cost as stated in the laws, loan interest, refunds as well as compensation of up to 70% to the buyer.

BJP. The BJP's southern push is part of its larger plan to emerge as a pan-India party. But there are short-term considerations too. The party's target of winning 370 seats when it has maxed out in its traditional stronghold states can be realised only by winning more seats in the South. Additionally, it is expecting strong resistance from opposition parties in Maharashtra and Bihar and also its South Indian bastion of Karnataka, where its NDA coalition won 26 out of 28 seats in 2019 polls. Its new chief ministers in Rajasthan and Madhya Pradesh are untested which could be a vulnerability. For these reasons, the BJP has crafted a major campaign for South India led by Prime Minister Narendra Modi who has visited South India nearly two dozen times in the past few months. Modi on Tuesday wrapped up his whirlwind tour of South India by holding a roadshow in Kerala and a public rally in Tamil Nadu

White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November's presidential rematch against Donald Trump.

Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the significant growth the organization has witnessed in the renewable energy sector over the past three years. He emphasized that while solar energy has been a major focus, with a substantial increase of 28 times, the loan portfolio in this sector has slightly decreased to 30% in the latest audited figures. Das also pointed out that IREDA is actively involved in new and emerging areas such as rooftop solar, excluding residential projects, along with exploring opportunities in alternative sources like CBG and ethanol. Considering India's agricultural economy, there is a promising scope for growth in these sectors. Looking ahead, IREDA is set to delve into areas like pump storage, green hydrogen, offshore wind, aiming to expand its portfolio in sustainable energy solutions. Every time I look at IREDA stock and everyone is like, oh my God, is it real? It went public at less than Rs 40 and then it went to as high as 170, actually Rs 200. So, are you pinching yourself? Pradip Kumar Das: First of all, we are a responsible Government of India organisation which is spearheading the renewable energy development in the country through financing which is the most crucial aspect, not only renewable, new and emerging sector.

Also Read: Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj “The recent performance in assembly elections suggests that: a) the ‘Modi factor’; b) the perception of the work done; and c) implementation of welfare programmes worked in favor of BJP. The government has refrained from turning populist and remains on the fiscal consolidation path in the run-up to the 2024 election," the UBS report said.

Badaun. UP Director General of Police (DGP) Prashant Kumar said the accused was shot dead when he opened fire on the police team pursuing him, The Indian Express reported. According to reports, the children, identified as Ayush and Honey, were playing on the terrace of a building when Sajid arrived and waited for an opportune moment before carrying out the heinous act.

‘Rumours and lies’: The man who saw Kate Middleton with his 'own eyes' opens up Agan told the Metro that she was not in the video but was occupied with a "teaching job" elsewhere. About Kate's absence, Agan said the drama on social media needs to stop.

S Jaishankar on March 20 called former Prime Minister Jawaharlal Nehru's foreign policy stance towards China a "bubble". Speaking at the News18 'Rising Bharat Summit 2024', Jaishankar was critical of early India's foreign policy direction under then Prime Minister Jawaharlal Nehru. "This is a bubble we have created.

Mint recently spoke with a Bengaluru-based family about its decision to seek the guidance of a registered investment adviser (RIA) and how their financial plan is now helping them achieve their goals. Neeraj Gupta, 37 and his wife Etti Gupta, 35, both IT professionals, managed their family finances on their own until 2019. In 2017, he met with a road accident.