UPS Financial News

Also Read: Dalal Street bleeds: Mcap of these 5 private sector banks declines by ₹1.44 lakh crore in a day On Tuesday (January 16), HDFC Bank released its December quarter numbers (Q3FY24), missing the street estimates in deposit and liquidity metrics. The rising cost of funds and tight liquidity have impacted the NIMs. The bank reported a drop in net interest margin (NIM) on total assets to 3.4% from 3.65% in the previous quarter (Q3FY23).

Public Provident Fund (PPF), there should be no step-motherly retirement for NPS subscribers as both these investments are for the long-term with the sole purpose of retirement benefits. PPF enjoys the status of EEE. EEE refers to tax-free status.

around 11 percent over the past two days on the back of disappointing December quarter (Q3FY24) results. Broader market optimism as well as global brokerage house CLSA's positive outlook led to the recovery. The stock rose around 2 percent to its intra-day high of ₹1,486.80.

Amazon Republic Day Sale, many external hard drives, SSDs, and USB flash drives are available for a discounted price. Discover the best choice for you with our comprehensive guide that covers the top 5 products based on capacity, speed, durability, and compatibility and make an informed decision. 1. Western Digital WD 5TB My Passport Portable Hard Disk Drive, USB 3.0 with Automatic Backup, 256 Bit AES Hardware Encryption,Password Protection,Compatible with Windows and Mac, External HDD-Black The Western Digital WD 5TB My Passport Portable HDD is a robust storage solution with USB 3.0 connectivity for fast data transfer.

Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

interim Budget, says BofA Securities. “The current government’s intent is to consolidate the fiscal deficit through capital expenditure-driven growth instead of expenditure compression. We expect this strategy to continue in FY25 union budget as well,” the global brokerage firm said. The brokerage also expects the Centre to meet its fiscal deficit target of 5.9% of GDP in FY24. Between April and November of the current fiscal year, the government used up 50.7% of the budgeted fiscal deficit target for the full year, which is quite less than the median 75.9% of the total that usually gets exhausted in this period, BofA pointed out.

Ajit Venkataraman, MD, Finolex Industries, says “Our profitability has improved significantly, if you see, over the past. In the normal operating condition, our profitability has improved from Rs 7.5 per kg to almost Rs 10-11 per kg. That is mainly due to a better product mix that we have had, more of non-agri contribution to the overall mix. And going forward, we expect it to be reaching almost Rs 12 per kg going forward.” Earlier you gave a volume growth guidance of 15-20% for pipes and fittings. Considering that volume has seen a decline for both these segments does this guidance then stand intact? How does FY25 look in terms of volumes? Ajit Venkataraman: The guidance was based on the basic fundamentals. You are going to see a few blips along the way. For example, the volumes in the agri segment have been fairly lukewarm since the end of Q2 and have not really picked up to the extent that we had seen last year but the fundamentals remain strong and the forecast for FY25 remains the same.

₹1,777 crore in Q3 FY24, an increase of 68% compared to a net profit of ₹1,058 crore in the same period last year. In the preceding quarter, the company posted a net profit of ₹1,281.45 crore. The revenue from operations rose 7.85% to ₹16,739.97 crore during the quarter from ₹15,520.93 crore in the corresponding period of the last fiscal.

Investing.com — The U.S. dollar edged lower in early European trading Friday, but was on track for a second consecutive weekly gain on renewed doubts over early rate cuts by the Federal Reserve, while weak retail sales hit sterling.

Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

Investing.com-- Gold prices steadied on Friday, but were nursing steep declines for the week as growing doubts over early interest rate cuts by the Federal Reserve battered the yellow metal.

Cholamandalam Investment & Finance Company Ltd. dropped 2.59 per cent to Rs 1258.6 at 02:04PM (IST) in Friday's trade. The counter hit a high of Rs 1295.65 and low of Rs 1258.15 so far during the session.

Hindustan Zinc Ltd on Friday reported a net profit of Rs 2,028 crore for the quarter ended December, which was down about 6% from Rs 2,156 crore in the year-ago quarter. Revenue from operations too declined 7% year-on-year to Rs 7,067 crore in the said third quarter. On a sequential basis, net profit jumped 17% from Rs 1,729 crore reported in the preceding quarter, while revenues were up 8% quarter-on-quarter. The company posted an EBITDA of Rs 3,521 crore in the reporting third quarter and the margins came in at 48.2%. MORE TO COME...

Zee Entertainment Enterprises Ltd. slipped 3.8 per cent to Rs 238.7 in Friday's trade as of 02:10PM (IST). It hit a high of Rs 252.95 and low of Rs 233.15 during the session.

Gujarat traders have decided that they will be paying one day's salary to employees to celebrate the day, reported ToI. Traders have decided to gift their employees with a 'token bonus' which is equivalent to one day's salary to mark the special occasion. The initiative was kickstarted by Sanjeev Chhajer, former chairman of JITO Ahmedabad, who offered a one-day salary bonus to his employees. Since then, the idea has gained momentum, with around 100 traders already joining the cause, and more expected to participate before January 22. «We give bonuses to our employees on Diwali, so I decided to give a small token to mark this day,» said Chhajer. Nandu Mundhra, a textile trader based in New Cloth Market, expressed who has nearly 25 workers said «I employ 25 people and will give them a day's salary as a bonus so that they can celebrate on January 22.» In addition to the 'token bonus,' some traders have chosen alternative ways to contribute to the festivities. Sanjay Shah, director of a tour and travel company, has decided to distribute sweets and gifts to residents of old-age homes and orphanages. This gesture reflects the spirit of giving and inclusion during this auspicious time. Even sweet shop owners are joining in the celebration by offering discounts on their delectable treats. Jaimin Patel, a sweet shop owner, shared, «We have announced a discount of 10% for January 22. We will give up to 30% discounts on orders above 5 kg on January 21 and 22.» This offer allows customers to indulge in the joyous atmosphere and enjoy some traditional sweets at a discounted price.

Tube Investments of India Ltd. traded 1.1 per cent down in Friday's trade at 01:59PM (IST). Around 2,662 shares changed hands on the counter.

Kabir Malik fights the terrorist Zarar. Genre: Action/Thriller Cast: Sidharth Malhotra, Shilpa Shetty Kundra, Vivek Anand Oberoi.

Sobha, Brigade Enterprises, DLF, and Macrotech Developers, rallying between 101 percent and 135 percent. Meanwhile, Godrej Properties, Phoenix Mills, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty also jumped between 26 percent and 89 percent each. On the other hand, in the Nifty Energy index, NTPC was the top-performing stock, up over 80 percent in the last one year, followed by Indian Oil, Tata Power, GAIL, and ONGC, up over 50 percent each.

Zerodha co-founder, Nithin Kamath, recently shed light on the absence of IIT and IIM alumni among the stockbroker's employees. Speaking with Shekhar Tomar, Assistant Professor of Economics and Public Policy at the Indian School of Business (ISB), Kamath clarified that it's not a policy decision to exclude individuals from these prestigious institutions, but rather a result of historical financial constraints and cultural issues Kamath emphasized that Zerodha did not have the financial capacity to hire IIT and IIM graduates in its early years due to budget limitations. He clarified that the absence of alumni from these institutions in the company is not a deliberate policy but a reflection of the financial realities during the initial phases. According to Kamath, the company couldn't afford the price tag associated with hiring individuals from these elite institutions. He went on to explain the misalignment of priorities between Zerodha and business school students. Kamath highlighted the typical career objectives set by MBA graduates, emphasizing that these individuals often have clear goals and expectations about their career progression. Zerodha's business culture, established in its formative years, did not align with the structured career goals of business school graduates.

Bharat Forge Ltd. traded 1.28 per cent up at Rs 1239.0 on Friday at around 01:08PM (IST), while the benchmark BSE Sensex advanced 520.11 points to 71706.97. As many as 10,155 shares changed hands on the counter with a total value of Rs 1.25 crore.