UPS Financial News

India’s industrial growth and modernization, giving people access to modern energy services. Despite this progress, the average household in India only consumes a tenth as much electricity as the average household in the United States. India’s sheer size and its huge scope for growth mean that its energy demand is set to grow by more than that of any other country in the coming decades.

Jumpman: The Making and Meaning of Michael Jordan. By Johnny Smith. Basic Books; 336 pages; $30. The Book of James: The Power, Politics, and Passion of LeBron. By Valerie Babb.

Samajwadi Party MLAs met Uttar Pradesh Chief Minister Yogi Adityanath after casting their vote for the Rajya Sabha election, there was speculation of them having cross-voted in favour of the BJP. In response to this development, Samajwadi Party Chief Akhilesh Yadav said that disciplinary action would be taken against the MLAs if they had cross voted. Samajwadi Party MLAs: Abhay Singh, Rakesh Singh, Rakesh Pandey, Vinod Chaturvedi, and Manoj Pandey met CM Yogi Adityanath in the Assembly Secretariat today. «Not everybody has the guts to stand against the government. Pressure is put on everybody, is there anyone who doesn't know that BJP would go to any extent to win. BJP was dishonest during the Chandigarh elections also… When it comes to UP, BJP did everything to get votes and those who left, might not have had the guts to stand against the govt. Action will be taken because our party leaders want such people to be kept away from the party...» said Samajwadi Party Chief Akhilesh Yadav.

Punjab Kings are poised to compete in all their home fixtures in this year's Indian Premier League (IPL) at a fresh venue. On Monday, the team declared that their home games for the upcoming IPL season will take place at the recently constructed Maharaja Yadavindra Singh Stadium in Mullanpur, Mohali, rather than the PCA IS Bindra Stadium.

Varun Beverages Ltd. traded 3.26 per cent down in Tuesday's trade at 02:04PM (IST). Around 391,139 shares changed hands on the counter. The scrip opened at Rs 1532.8 and touched an intraday high and low of Rs 1532.95 and Rs 1475.3, respectively, in the session so far. Shares of the company of Varun Beverages Ltd. quoted a 52-week high of Rs 1560.3 and a 52-week low of Rs 633.3.

TV advertising is touted to touch Rs 9872 crore in 2026, up from Rs 4586 crore in 2023, on the back of growing connected TV (CTV) penetration, says a GroupM report titled 'The Changing Landscape of Indian Television'. Addressable TV refers to content that is consumed across on-demand, linear, and live streaming. The report highlighted that the total number of CTV households is expected to grow by 32% to reach over 45 million households by the end of 2024. Furthermore, the report adds that there has been a 117% growth in the number of unique CTV devices from 2022 to 2023.

Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said.

Meghana Malkan, Malkansview.com, says “there are two sectors that I would go by. One is the realty sector, the other is the pharma sector. Some kind of trade is being set in these two sectors. For example, when it comes to pharma, Zydus Lifescience is something I would be looking at. I will also be looking at Sun Pharma. Lupinis the third one.”. Let us talk about the market. It is pretty quiet, isn't it? We have been consolidating for a while now. We have seen these sharper moves towards the day and otherwise. But what is your view? What are you making of the moves coming in the markets? Will we see a prolonged phase of consolidation after hitting new highs? Meghana Malkan: Yes, we have been consolidating, but we are consolidating with the weakness at base. For example, if you talk about Nifty, I see very strong resistance coming at 22,200 and there are divergences on momentum indicators that makes Nifty on the weaker side. But where I see more weakness is in Bank Nifty. Bank Nifty is way weaker than Nifty and I believe it has a potential to go all the way down to 45,700. So, this is how I read both the indices.

Tata Elxsi Ltd. rose 0.93 per cent to Rs 7636.0 in Tuesday's trade. It hit an intraday high of Rs 7751.3 and low of Rs 7605.1, respectively, during the day. The stock quoted a 52-week high price of Rs 9191.1 and low of Rs 5883.05.

Jubilant Foodworks Ltd. traded 0.45 per cent down in Tuesday's trade at 01:39PM (IST). Around 38,443 shares changed hands on the counter. The counter opened at Rs 489.05 and touched an intraday high and low of Rs 492.2 and Rs 480.6, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 586.35 and a 52-week low of Rs 412.2.

MNRE has a programme to bring out bids for 50000 MW RE capacity every year, with nearly 80% allocated for solar. There is a new resolve to install rooftop in one crore homes which adds to 30000 MW in three years. Even if it takes some time to ramp up installation from present 20000 MW per year to double, there is a possible optimistic case of adding about 1,20000 MW solar capacity by the end of 2026.

Tube Investments of India Ltd. dropped 0.76 per cent to Rs 3543.35 at 01:54PM (IST) in Tuesday's trade. The counter hit a high of Rs 3581.45 and low of Rs 3523.35 so far during the session. The stock had closed at Rs 3570.75 in the previous session. The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 0.37 crore on BSE. The stock traded at a price-to-earnings multiple of 51.86 and a price-to-book ratio of 12.43.

Shriram Finance Ltd. fell 6.91 per cent to Rs 2313.5 at 01:49PM 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 58,209 shares with a turnover of Rs 13.77 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.12, while the price-to-book value ratio stood at 1.08.

By Huw Jones

The price of the leading cryptocurrency Bitcoin rallied over 10% to soar above $57,000 for the first time since November 2021. The price rally caused total shorts positions to bleed over $268 million in the last 24hrs, including $158 million in bitcoin shorts, as per Coinglass data.

Galaxy Smart Ring at the MWC 2024 on Monday with a promise to redefine the landscape of health tracking while leveraging the advanced capabilities of the Samsung Health platform. During a dedicated session at MWC, Samsung underscored the device's capacity to monitor crucial health metrics such as pulse, body temperature, and more. This data, combined with Samsung's expansive ecosystem, which includes smartphones and wearables like the Samsung Galaxy Watch 6, aims to furnish users with a comprehensive understanding of their overall well-being.

Also Read: IRCTC, Piramal Ent among 6 stocks that can jump 8-23% in the next 3-4 weeks The Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has notched up several record highs this month, posting a nearly 2% gain. The mid-and small-cap stocks, on the other hand, have continued their winning momentum in CY24, showing no significant signs of cooling off despite trading at elevated valuations.

‘Viksit Bharat’. He sees the Indian economy rising further in leaps and bounds by making the country a 'developed nation worth $30 trillion economy by 2047. The Indian equity market has been an instrumental part of the country's economic growth.

within the Indian TV industry, highlighting the transformation in audience media consumption patterns. “When we published the first edition in December 2022, we had forecasted that addressable TV household is expected to surpass 40 million by 2025. And we are very happy to admit that the rapid growth and the potential this medium has shown has exceeded all our expectations," said Rajiv Rajagopal, head-advanced TV, GroupM Nexus.

Wipro, TCS, Mphasis, Coforge, and Persistent Systems and an over 40 percent decline at Tech Mahindra doesn’t support sharp recovery hopes as deal durations are rising," said Ambit. The brokerage retains a view of modest growth improvement in FY25E and a fall in Tier-1 margins (contrary to street hopes of increases). It believes that Tier-1/Tier-2 one-year forward P/E premium of 55 percent/116 percent to pre-Covid 3-year average looks unsustainable.

₹429 crore from this public offer. Let us check Exicom Tele Systems IPO subscription status, GMP and other key details: Exicom Tele Systems IPO has been subscribed 1.75 times in total so far on Tuesday, the first day of the bidding process. The public issue received bids for 3.18 crore equity shares as against 1.82 crore shares on the offer, as per data available on NSE till 11:25 am.