UPS Financial News

small cap stocks have run up too much, thus entering the dangerous territory, mutual fund houses and market regulators have started to get circumspect. While some fund houses such as Kotak Mutual Fund have imposed restrictions on lump sum investment in their small cap fund; markets regulator Sebi — at the same time — has introduced stress tests for the fund houses to undertake amid growing concerns about valuations of small cap stocks. The Securities and Exchange Board of India has reportedly asked the mutual fund houses that operate smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, reported Reuters.

More often than not, it is money that defines and determines the course of relationships. This is very true for young married couples. Hence, they must get their priorities right, set their common goals and have clear demarcation lines of who takes care of what. 

The phrase that may best sum up the conundrum is – between a rock and a hard place. This is the woes of Generation S or the Sandwich Generation or people who have their parents on the one hand, their children on the other and themselves in between.

GPT Healthcare will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading with a premium of Rs 17 in the unlisted market. Considering the upper price band of Rs 186, the stock is expected to list at a premium of 9-10%.

Kate Middleton disappeared to? It's a question that has stirred up a storm of speculation among royal watchers. The Duchess of Cambridge has been notably absent from public view for nearly two months, fueling a flurry of conspiracy theories, ranging from the curious to the downright outlandish.

Lilly expects to launch Mounjaro, its blockbuster diabetes drug and a wildly popular obesity treatment, in India as early as next year, CEO David Ricks told Reuters on Wednesday. The market opportunity is huge in the world's most populous country, which has high obesity rates, especially among women, and the second-highest number of people with type-2 diabetes globally. Indian drugmakers are making their own versions of such drugs, while illegal versions are also sold online. «We're open to any way to reach more patients as long as it makes sense for the company and we can supply the market,» Ricks said when asked if Lilly was open to authorised generic versions of drugs containing tirzepatide, the active ingredient in popular diabetes and weight-loss drugs.

Benchmark NSE Nifty closed 247.2 points down at 21951.15 amid selling in frontline bluechip counters.

India's latest batting sensation Yashasvi Jaiswal advanced towards a top-10 spot in the ICC rankings for Test batters by climbing three spots to 12th while his compatriot Dhruv Jurel leapfrogged 31 places to 69th on Wednesday. Jaiswal, who started the series in 69th position, continues his ascent to the top after scores of 73 and 37 in the fourth match of India's ICC World Test Championship series against England in Ranchi. Player of the Match Jurel's scores of 90 and 39 has jumped a whopping 31 places while former England captain Joe Root is back in the top three. Root, a formerly top-ranked batter, struck an unbeaten 122 in the first innings in Ranchi to move up two places to third position. He also moved up three spots to fourth among all-rounders.

Sebi has told mutual funds (MFs) to frame a policy to protect the interest of investors of small and midcap schemes. In a letter to the Association of Mutual Funds in India (AMFI), Sebi said in the context of froth building up in small and midcap segments of the market and the continuing flows in the small and midcap schemes of mutual funds, trustees, in consultation with Unitholder Protection Committees of AMCs, shall ensure that a policy is put in place to protect the interest of all investors.

Without his spouse's knowledge, Loudon capitalized on this non-public data to buy 46,450 shares before the acquisition was publicly disclosed. Subsequently, following the announcement, the stock price of the travel center operator surged, allowing Loudon to sell his shares at a considerable profit. After his wife to know that he had

Kotak Bank provided rates of 2.75% to 7.25% on FDs maturing in the same time frame. Fixed Deposits (FDs) or Term Deposits stand as pivotal investment instruments provided by Kotak Mahindra Bank.

₹429 crore initial public offering (IPO) of Exicom Tele-Systems was opened for subscription on Tuesday, February 27 and remains open till Thursday, February 29. The IPO received a stellar response as it was subscribed 10.02 times on the first day of issue after being fully subscribed within hours of opening, led by solid demand from retail investors. The IPO comprises a fresh issue of equity shares totaling up to ₹329 crore and an Offer for Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.

Jesper Brodin, Global CEO of Ikea's franchisee holding company Ingka Group. Acknowledging that India is a "challenging market", Brodin in an interview with The Economic Times said it is tough "keeping up with the rapid development of digital and physical infrastructure in the country". “It has been interesting to see the speed of development over the last five to ten years.

Abhishek Manu Singhvi. Notably, the results were tied at 34 votes each, however, ‘draw of lots’ sealed the deal for BJP compounding Congress woes in the hill state as the Chief Minister Sukhwinder Singh Sukhu government looks at a possibility of collapse of the Congress government. Sukhvinder Singh Sukhu, a Congress leader came to power after the Himachal Pradesh Assembly elections in 2022.

1. Bose SoundLink Micro This Bose speaker, the SoundLink Micro, packs premium audio speakers into a compact size, delivering crisp sound and deep bass perfect for adventures. Its rugged, waterproof design withstands the elements, making it ideal for beach days or camping trips.

Nifty gave up its hold over the 22,000 level while Sensex fell around 800 points or 1% to the day's low at 72,300 on Wednesday. The sell-off was deeper in the broader market where midcaps, smallcaps and microcap indices fell around 2% each. In the process, Dalal Street investors were left poorer by about Rs 6 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 386 lakh crore. Nifty has been consolidating in a sideways move but consistent closure above 22,000 for eight consecutive sessions had suggested a prevailing positive trend. Technical analysts believe that if the breakout below 22,000 sustains, it could trigger a directional move on the downside.

ICICI Lombard General Insurance Company Ltd. traded 0.16 per cent down in Wednesday's trade at 01:54PM (IST). Around 48,898 shares changed hands on the counter. The counter opened at Rs 1739.95 and touched an intraday high and low of Rs 1739.95 and Rs 1688.0, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1739.95 and a 52-week low of Rs 1049.1.

Adani Power Ltd. slipped 2.13 per cent to Rs 554.55 in Wednesday's trade as of 01:44PM (IST). The stock hit a high price of Rs 570.0 and low of Rs 550.0 during the session. The return on equity (ROE) for the stock stood at 65.35 per cent. Traded volume on the counter stood at 01:44PM shares and turnover at Rs 2.95 crore around that time. The stock of Adani Power Ltd. quoted a 52-week high price of Rs 589.3 and 52-week low prices of Rs 132.55, respectively.

apex auditors of various nations, including India, are firming up an international framework for auditing regional and municipal bodies to gauge the performance of such grass-root level institutions, comptroller and auditor general (CAG) of India Girish Chandra Murmu said on Wednesday. India is planning to host a conference of the supreme audit institutions (SAIs) of Asia in September where a preliminary draft framework for such auditing standards could be deliberated on, Murmu said on the side lines of an event. As many as 262,000 local bodies exist in rural India alone, he said. Local bodies directly get a 4.2% of the Union government’s total divisible tax pool. A global framework assumes significance, as these local institutions play a crucial role in the implementation of various welfare programmes and other projects of both the Union and state governments in every nook and cranny of the nation. Better audit standards will not just result in greater transparency but also effective last-mile delivery of various schemes.

Indian Oil Corporation Ltd. rose 2.42 per cent to Rs 169.05 in Wednesday's trade. It hit an intraday high of Rs 173.45 and low of Rs 167.7, respectively, during the day. The stock quoted a 52-week high price of Rs 196.8 and low of Rs 75.77.

DMK in Tamil Nadu, accusing it of not cooperating in Central schemes and criticised it over walking out in the Parliament during a discussion on the Ayodhya Shri Ram temple. The DMK's 'running away' shows its 'hatred' for people's faith, Modi said in an apparent reference to the opposition walkout when the Parliament took up the matter. He lashed out at DMK and its ally Congress, alleging they created rift among people and slammed them for dynasty politics. «Tamil Nadu's connect with Shri Ram is well-known. Before the January 22 consecration of the Ram temple in Ayodhya, I visited different temples, including in Dhanushkodi (in TN). The entire country was happy that the temple was coming up after so many years. A related matter came up in the Parliament but the DMK MPs ran away,» Modi said, addressing a public rally here.