UPS Financial News

Fishermen might soon be able to catch thousands of pounds of valuable baby eels for years to come

investment of Rs 4,150 crore or around $500 million. and allowing investors three years to set up local manufacturing for EVs with domestic value addition (DVA) of 25% by the third year and 50% by the fifth year. “The policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers,” the commerce and industry ministry said in a statement. The customs duty of 15% (as applicable to CKD units) would be applicable on vehicle of minimum CIF value of $35,000 and above for five years subject to the manufacturer setting up manufacturing facilities in India within a 3-year period.

China published a set of rules on Friday that would tighten scrutiny over stock listings, public companies and underwriters, as regulators ramp up efforts to revive investor confidence. Regulators will vet initial public offerings (IPOs) more closely, crack down hard on securities fraud, and encourage listed firms to increase dividend payouts and buy back shares.

Bonus shares, stock split record date: Lorenzini Apparels share price has registered a whopping return in 2024. In year-to-date (YTD) time, this small-cap stock with a market cap of around ₹390 crore has surged from ₹239.50 to ₹380 apiece levels on NSE, logging near 60 percent appreciation in this time.

share the same with the female handlers of Pakistan's intelligence agencies. Additional Director General of Police (Intelligence) Sanjay Agarwal mentioned that the accused used social media platforms to share strategic information and was in touch with the Pakistan-based handlers for the past few months.

2.2 million barrels per day (bpd) till mid-2024. Saudi Arabia will extend its voluntary cut of one million bpd in June, leaving its output at around nine million bpd, much below its capacity of 12 million bpd.

₹275.85 on 4 March, the excitement has fizzled out. While the JV is a win-win situation for both the partners, a deeper look at the contours of the deal suggests that benefits will accrue only gradually. BHEL will hold a 49% stake in a JV that will set up an ammonium nitrate manufacturing plant.

Change of Name Due to Father's Name Change: If your father's name has been officially changed, you'll need to provide a notarized copy of the name change as published in the official gazette. Change of Account Name Due to Marriage or Divorce: In the case of a name change resulting from marriage or divorce, additional documentation such as a marriage certificate or gazette certificate is required to validate the change. Additionally, a scanned copy of a passport displaying your husband's or father's name is necessary.

Investment to outperform consumption: The brokerage observed that Gross fixed capital formation (GFCF) growth in India accelerated sharply from 8.2 percent in 2002 to 17.5 percent in 2004, and the pace of growth held firm at 16.2 percent in 2005-07. In that cycle, the fiscal deficit was already consolidated, the banking system’s non-performing loan issues were cleaned up and the economy was poised for a capex upswing, it added. This cycle too, investment growth has been stronger, said the brokerage.

Siemens , ABB India , Thermax share prices have seen strong run up on the bouses having gained up to 70% in a year. Bharat Heavy Electricals Share price has been a outlier having given multi bagger returns of 179% in a year to investors. The Capital good companies have been gaining regularly with economic activity catching pace .

The Employees' Provident Fund (EPF) is a well-known retirement savings scheme in India, overseen by the Employees' Provident Fund Organisation (EPFO). Under the scheme, the employer deducts a portion of an employee's salary each month and puts it into a fund that earns interest. This money can be withdrawn after retirement. The employer contributes 12% of the basic salary plus dearness allowance to EPF and deducts another 12% from the employee’s salary; 8.33% of the employer contribution goes to the Employees Pension Scheme (EPS) which earns no interest. 

In a stock exchange notice today (15 March), the trust said it has received £325.8m as the initial purchase price following the completion of the transaction. Digital 9 Infrastructure crosses final regulatory hurdle in Verne Global sale As announced on 27 November, the trust will receive a £19.5m deferred consideration payment and a potential earn-out payment of up to £106m, which is payable subject to Verne Global achieving run-rate EBITDA targets for the financial year ending December 2026. The trust said the sale would allow it to «significantly deleverage its balance sheet» and...

A Balasubramanian, MD & CEO, ABSL AMC, says: “though we are not putting the restrictions in our small and midcap fund and given the fact that we are relatively small compared to others, it is about Rs 5,000-6,000 crores size and at the same time, our portfolio liquidity parameters are much better than some of the other schemes which are large in size. Keeping that in mind, while we have not put any stop, we continue to encourage investors to come only through the SIPs and the longer term 3-5-year time horizons. What is this stress test? How have AMCs conducted it because we understand that most of the AMCs, including yours, are saying that there is no stress in the portfolio. A Balasubramanian: The way one has to look at this is, there is an exercise in any case being carried out at regular interval by individual AMCs to check the portfolio construction and how the portfolio risk is being monitored and managed, which will take into account the liquidity as well. The current discussion, which has been there for quite some time in consultation with AMFI committee as well as Sebi, is more of a deep dive given that this segment of the market has been getting more money in the last few years.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

LTIMindtree Ltd. traded 1.1 per cent up at Rs 5203.7 at around 01:29PM (IST) on Friday. The stock had closed at Rs 5261.75 in the previous session. Equity benchmark Sensex traded 457.35 points lower at 72639.93 around the same time.

In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Rajasthan, is one of the 25 Lok Sabha constituencies in the state. Known for its historical significance and vibrant culture, Jhunjhunu boasts several tourist attractions like the Rani Sati Temple, Kali Pahari, and Khetri Mahal. The city is also home to esteemed educational institutions like GB Shah Girlt College, Seth Motilal Post Graduate College, and Shri Netram Maghraj College. Jhunjhunu Lok Sabha Elections: Dates and schedule The 2024 Jhunjhunu Lok Sabha Elections are expected to take place in April or May, with the exact dates yet to be confirmed by the Election Commission of India. This election has garnered significant interest from political observers and the public alike, with results expected to further intensify the political landscape in the region.

With elections slated to take place some time around April-May 2024, the Prime Minister Narendra Modi-led Bharatiya Janata Party is looking to come back to power for the third consecutive term, having bagged the majority in 2014 and 2019. Campaigning for the upcoming polls are already underway, with the BJP confidently claiming that the party would clinch over 400 seats in the 543-seats strong Lok Sabha.

InterGlobe Aviation Ltd. traded 0.86 per cent lower in Friday's session at 12:33PM (IST). The stock opened at Rs 3185.7 and has touched an intraday high and low of Rs 3185.7 and Rs 3140.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 3318.4 and a 52-week low of 1810.45. About 3,972 shares changed hands on the counter so far.

Havells India Ltd. traded at Rs 1479.35 on BSE at 12:38PM (IST) on Friday, down 2.36 per cent from previous close. The scrip quoted a 52-week low price of Rs 1128.1 and a high of Rs 1590.9.

RailTel Corporation of India jumped 9% to Rs 369 in Friday's trade on BSE after the firm received a Rs 113.46 crore work order from Odisha Computer Application Centre (OCAC). The order is for setting up IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0. The project needs to be executed by September 2025, according to the company's regulatory filing.