UPS Financial News
19.03 / 09:17
UPS
Racing
Remark
Election
electronic
information
GST council postpones review of 28% levy on online gaming; likely to be taken up after Lok Sabha elections 2024
Revenue Secretary's remarks last month, who said that the six-month period will be over by March 31, so the issue will be not decided in the next meeting, but after the completion of the deadline. “A review does not necessarily mean that we change the rates. A review is only to take stock and see if anything needs to be done," Revenue Secretary Sanjay Malhotra told Moneycontrol.
19.03 / 09:17
UPS
Election
Opinion
Trade
country
2020
Political parties should stop inflaming anti-China sentiments to garner votes in Lok Sabha elections: Chinese media
ok Sabha elections 2024, urges an article published in the Chinese state run-Global Times. Any attempt to exacerbate anti-China sentiment will ultimately cause more trouble for the bilateral relationship and bring more instability to India, reads the opinion piece published on March 17, a day after Election Commission of India announced the schedule for seven-phase Indian general elections beginning April 19. The results will be declared on June 4, the poll panel said.
19.03 / 09:17
markets
COST
UPS
BLOCK
Trade
Indian refineries turn to US oil sources as sanctions block Russian stock
US sanctions crimped trade with Russia and forced processors to look elsewhere for supply. State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.
19.03 / 09:17
UPS
Progressive
Software
exclusive
hymn
reports
Relationships
The bosses of OpenAI and Microsoft talk to The Economist
jet off to Davos each year is to check in on important relationships, be they with critical suppliers or big-spending clients. This year many are wondering about their relationships with Microsoft and OpenAI , the startup behind ChatGPT. The companies are the world’s most prominent purveyors of artificial intelligence (AI), which has the business world giddy.
19.03 / 09:17
markets
UPS
Sustainability
Experts
information
recommendations
stake
Stock market today: Promoter Pranav Singla raises stake in JTL Industries. Share price jumps 6%
Stock market today: Despite weakness in the Indian stock market today, JTL Industries share price has been in uptrend since early morning deals. JTL Industreis share price today opened upside at ₹190 apiece on NSE and went on to touch an intraday high of ₹195.95 per share level, logging an intraday rise of nearly 6 percent during Tuesday deals. However, the stock failed to sustain at higher levels after the profit-booking trigger.
19.03 / 09:17
markets
UPS
FIVE
Assurant
Adventure
stars
prevention
NOT
The investment trap: How not to fall for 2% per month assured returns
₹1,000 crore), let me share something that you should probably print and pin on your wall. It’s a quote by Charlie Munger: The world is not driven by greed. It’s driven by envy. And complement this with another one (I am not sure of its origins): Return of capital is more important than return on capital. The first quote is the root cause of perhaps all irrational adventures that investors are willing to undertake in their desire to beat competing standards of living.
19.03 / 08:49
markets
UPS
Analysis
trends
Trade
Cycling
testing
Nifty at 15,500? 6,500-point correction on cards, says PhillipCapital. Here’s why
Nifty's euphoric rally is staring at a sharp decline and the index could plunge to 18,550 in what could be a timewise correction that may last for a minimum of three quarters, according to PhillipCapital estimates. This is a 3,470-points or nearly 16% fall from the Friday closing price of 22,023. In the worst-case scenario, Nifty may test levels of 16,000-15,500, a whopping 6,523 points or 30% fall. In this case, the timewise correction could last for a maximum of 6-7 quarters.
19.03 / 08:49
COST
UPS
WhatsApp
reports
Projects running behind schedule decline to 25-month low in February
February marked the second consecutive month of decline in the proportion of delayed projects, as the proportion of delayed central government projects declined to a 25-month low of 41.2% compared with 42.8% in the previous month, according to the ministry of statistics and programme implementation report. The ratio of cost overrun in large central government projects also declined in February to a three-month low of 18.19%, compared with 18.41% in the previous month. The anticipated cost of these 1,902 projects was nearly Rs 5 lakh crore higher than the original cost of Rs 27.08 lakh crore.
19.03 / 08:49
markets
UPS
WhatsApp
wellness
trends
Trade
Shares of Havells India fall as Nifty drops
Havells India Ltd. slipped 2.41 per cent to Rs 1465.35 in Tuesday's trade as of 02:05PM (IST). It hit a high of Rs 1505.65 and low of Rs 1457.0 during the session. The stock quoted a 52-week high price of Rs 1590.9 and a low of Rs 1128.1. The return on equity for the stock stood at 16.18 per cent. About 8,007 shares have changed hands on the counter so far.
19.03 / 08:23
UPS
security
wellness
Justice
show
Investigations
Ontario woman seeks justice in brutal slaying of pet emu, worries for family’s safety
emus in the middle of the pen with his neck bent at an unnatural angle and feathers and blood all around.She said security footage shows two people making their way into the pen at around 3:15 a.m. that morning.“I don’t know if their plan was to do it to all of them.
19.03 / 06:59
UPS
Provident
Digital
Booking
Citizens
security
Bajaj Finance Fixed Deposits: A smart choice for secure, flexible, and high-yielding investments
What is a fixed deposit (FD)? A fixed deposit is an investment where you deposit a lump sum of money with a financial institution for a set period. In return, you earn a guaranteed interest rate that remains fixed throughout the investment tenure. At the end of the tenure, you receive your principal amount along with the accumulated interest.
19.03 / 06:59
UPS
WhatsApp
wellness
trends
Trade
reports
Tata Elxsi shares drop 1.51% as Sensex falls
Tata Elxsi Ltd. traded 1.51 per cent lower in Tuesday's session at 12:02PM (IST). The stock opened at Rs 7777.85 and has touched an intraday high and low of Rs 7777.85 and Rs 7557.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 5883.05. About 1,900 shares changed hands on the counter so far.
19.03 / 06:59
markets
UPS
ETF
Action
wellness
performer
track
stake
Did promoter stake sales suck out Rs 40,000 cr from the market? Pankaj Pandey answers
Pankaj Pandey, Head Research, ICICIdirect.com, says there are SIP inflows of nearly Rs 19,000 odd crore on a monthly basis. On top of it, there are about Rs 3,000 to 4,000 odd crore of inflows from the ETF perspective. Overall, the domestic liquidity is still quite good and that is where even if there is a bit of a selling there, that is not going to change the market trajectory overall. FPI inflows come and go and which is what we have seen last year also. We had some interesting data that we were culling out talking about the kind of promoter stakes sales that we have witnessed in the last month or so of Rs 43,000 crore. How are you reading into this? MNCs as well as ITC, IndiGo, TCS, etc, are in that list? Pankaj Pandey: From FPI perspective, we have seen inflows of about Rs 40,000 odd crore. But our sense is that most are stock specific cases. For example, in IndiGo, one promoter has been continuously paring down his stake. Whereas in the case of ITC, nothing changes structurally because of the high amount of debt and so a stake sale does not really change the overall texture of the company's growth.
19.03 / 06:59
UPS
Provident
FIVE
Extreme
Death
wellness
Latest Sukanya Samriddhi Yojana interest rate: What is the SSY interest rate for April-June 2024 quarter?
Sukanya Samriddhi Yojana Account (SSA) is designed to provide a bright future for your girl child and to promote welfare of Girl Child. Interest rate on Sukanya Samridhi Yojana (SSY) is revised every quarter by the government.
19.03 / 06:51
UPS
economy
Election
show
reports
Modi govt’s mixed record on corporate reforms
₹3 trillion between 2017 and 2022. The exercise gradually showed results: profit margins of public sector banks began improving as lending resumed. “The pain was severe, but beneficial effects started to show up from 2018, resulting in improved asset quality," the Reserve Bank of India noted in October 2023.
19.03 / 06:51
UPS
Digital
Entertainment
reports
cricket
Sporting
Sports sponsors pour ₹15,000 cr in 2023, still cricket crazy
₹15,000 crore in 2023, up 10.95% from ₹14,209 crore a year ago, according to a report by GroupM ESP, the entertainment, esports and sports division of GroupM India. This expenditure includes ground, team, and franchise fees, athlete endorsements, and media spending. Notably, cricket dominated with ₹13,701 crore, growing 13% year-on-year, and accounting for 87% of the total spending.
19.03 / 06:51
COST
UPS
Digital
Bill
track
Road Trip Ready: Your Ultimate Planning Guide
Pro tip: Leave room for flexibility, as spontaneous plans can sometimes make the best memories! Having a FASTag on your car makes your drives seamless and cost-effective. Did you know you need to pay twice the toll if you choose to pay via cash and not FASTag? If you are worried aboutregistration woes and transactional issues associated with a FASTag, leave it to Airtel Payments Bank. Getting a NETC FASTag with Airtel Payments Bank is a breeze.
19.03 / 06:23
19.03 / 06:23
markets
UPS
Gap
WhatsApp
trends
Trade
Pidilite Ind stock price down 1.45 per cent as Sensex slides
Pidilite Industries Ltd. fell 1.45 per cent to Rs 2881.75 at 11:42AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 5,124 shares with a turnover of Rs 1.47 crore till 11:42AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 85.22, while the price-to-book value ratio stood at 16.59.
19.03 / 06:23
UPS
Booking
wellness
Experts
show
recommendations
Technical Stock Pick: Breakout from Cup and Handle pattern takes TCS to fresh highs; time to buy or book profits?
Tata Consultancy Services Ltd, part of the IT sector, picked up momentum after recording a breakout from a Cup and Handle pattern on the weekly charts. The breakout helped the stock top hit a fresh record high of Rs 4254 on 18 March 2024 amid volatility.
19.03 / 06:23
UPS
Election
Trade
reports
Department
donates
Santiago Martin: The 'lottery king' who bought electoral bonds worth ₹1,300 crore
Election Commission's released of data on the electoral bond scheme inroduced in 2018 turned quite a few heads, with multiple conglomerates donating incredible amounts of money to India's political parties. Right at the top of the list was Future Gaming Private Limited, a lottery company founded by one Santiago Martin, that donated ₹1,368 crore. Who is Martin, described as a smooth-talking 'lottery king'? Born in 1961, Martin spent some of his youth working in Myanmar as a daily wager, returning to India in the 1980s just as the craze for lottery tickets picked up. The future founder of Future Gaming settled in Coimbatore, working in a tea shop in Tatabad. Eventually, Martin would decide to set up shop selling lottery tickets.
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