UPS Financial News

Indian Railways industry is currently enjoying significant growth, driven by its vast network and the expected surge in demand for its services. As the fourth-largest railway network globally, Indian Railways operates over 22,593 trains daily, catering to 24 million passengers and transporting 204 million tonnes of freight across its 68,103 km route and 7,337 stations.

Also Read: Nifty 50 takes just 26 days to jump from 21k to 22k; Tata Consumer, Bajaj Auto, Wipro jump up to 21% in this period The growth of the manufacturing sector fell to 1.2% YoY in November 2023, sharply down from 6.7% YoY a year ago. Electricity output rose by 5.8% YoY, which is far lower than the 20.4% YoY growth seen in October 2023. Mining also slowed down to 6.8% YoY compared with 13.1% YoY growth in October 2023.

Bharat Jodo Nyay Yatra on Sunday from Imphal, Manipur, while Senior Congress leader Milind Deora announced his resignation from the grand old party to join Eknath Shinde-led Shiv Sena. Hours after he ended his 56-year-old association with the Congress party by joining the Eknath Shinde-led Shiv Sena, Milind Deora blamed Congress' deviation from its “ideological and organisational roots, lacking appreciation for honesty and constructive criticism".

SBI Cards and Payment Services Ltd. traded 0.91 per cent up at Rs 773.7 on Monday at around 12:55PM (IST), while the benchmark BSE Sensex advanced 606.02 points to 73174.47. As many as 29,376 shares changed hands on the counter with a total value of Rs 2.25 crore.

PI Industries Ltd. gained 0.03 per cent to Rs 3450.0 at 01:00PM (IST) in Monday's trade. The stock has hit a high of Rs 3486.3 and low of Rs 3430.0 so far during the session.

Ashok Leyland Ltd. dropped 0.08 per cent to Rs 176.5 at 01:05PM (IST) in Monday's trade. The scrip hit a high of Rs 177.75 and low of Rs 175.5 so far during the session.

Somasundaram PR, the regional CEO for India at the World Gold Council. «India will have to prepare for a rise in demand.

Prateek Aggarwal, CFO and Ramachandran Sundararajan, Chief People Officer, HCL Tech, in conversation with ET Now. Prateek Aggarwal says: We continue to have a good margin story for the full year. September quarter was a great one and so was December. We look forward to close the year at a good clip. Ramachandran Sundararajan says: “We will continue the hiring trend for Q4 to support the growthwe have projected for Q4. Our lateral hiring will continue for Q4. In the case of fresher hiring, we continue to honour our commitments for on-boarding. We will see a fresher on-boarding happening in Q4 as well. So net-net, we expect Q4 to be a net addition to our headcount. But it is early to talk about FY25.” The company recorded a strong 32% growth in the P&P business. Want to understand that, was there any one-off or this was bunching up which actually fuelled the growth? Prateek Aggarwal: No, no one-off. Actually, that is the inherent seasonality that we have in the software business. It all depends on which customers and how many of them we are in touch with during that quarter. This business has 7,000-8,000 customers. So the seasonality is dependent on the number of customers that have their renewals coming up in this quarter.

Kaushal Raj Sharma, the director of the religious affairs department and divisional commissioner in Varanasi, said that 3 lakh laddoos are being readied for distribution through the Kashi Vishwanath Temple. 1.5 lakh laddoos will be distributed among devotees at Kashi Vishwanath Dham on January 22 while affiliated temples in Sarnath and Chandauli are slated to receive 20,000 laddoos each for distribution among their visitors, he said. Sharma mentioned that a list of temples interested in participating in the laddoo distribution is currently being compiled, and approximately 100 temples are expected to distribute 1,100 laddoos each.

Marico Ltd. rose 0.52 per cent to Rs 530.0 in Monday's trade. It hit an intraday high of Rs 534.5 and low of Rs 529.35, respectively, during the day.

In Monday’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.

₹40 lakh) in new supplies has been shrinking in the top seven cities, from 24% in Q3 2021 to 18% in Q3 2023, according to Anarock, a property consulting firm. In Q3 2019, this segment accounted for 41%. This drop is driven by several factors, including higher land value and construction costs.

Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment can surprise on the upside on news of a turnaround in the sector. Also Read: Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time; Wipro, Infosys, TCS among major gainers Vijayakumar further added that the Nifty has broken out on the upside from the consolidation range and it shows signs of a further up move.

Lakshadweep and his call to visit the island, the surge to visit the island has grown among the tourists. However, local MP Mohammad Faizal Padippura in an interview with NDTV has said that the amount of tourists must be managed due to the island's delicate environment and said that Lakshadweep is “very sensitive and ecologically very fragile." that has been propped up by a rulebook that lays down the number of tourists the islands can contain each day. He said, “You cannot imagine Juhu beach or a Goa type of tourism in Lakshadweep.

cricket series. His 63 not out off 32 balls helped India win. In the first game at Mohali, he didn't get out and scored 60.

These index mutual funds delivered up to 53% return in one year. Do you have any in your portfolio? In this phase of the transformation of investment choices and habits, experienced investors are exploring options to diversify their investment portfolios. Gen Z and Gen X investors, on the other hand, are showing proclivity towards adding new-age investment elements to their portfolios.

Bank of Baroda, growth in any economy always tends to be K-shaped where some sectors are moving up and down. Seldom do all sectors of the economy all move in the upward direction and when it happens, it is more when the growth is at a continuously elevated rate of over 8% per annum, he said. “If we look at the Indian economy there are several sectors moving in the upward direction especially those related to infrastructure like steel, cement, machinery.

Male sets deadline for Indian troops' withdrawal, EAM says ‘cannot guarantee…' India's government has traditionally considered the Maldives, home to around half a million people, to be within its sphere of influence. China and the Maldives upgraded their relationship during Muizzu's first state visit to Beijing last week by agreeing to a "comprehensive strategic cooperative partnership" that sets the stage for the Asian giant to up its investments in the Maldives.

Hertz announced to much fanfare on Oct. 25, 2021, that it planned to buy 100,000 Teslas. “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest," then-CEO Mark Fields said.

Gaining enough artificial intelligence or AI knowledge to keep up with evolving demands in Canada’s tech industry doesn’t have to be difficult, industry experts say.

The fallout from the mid-air blowout of a panel on an Alaska Airlines flight last week adds to the already “checkered history” for Boeing’s MAX jets, experts say, and puts the company’s once-sterling commercial aircraft reputation further at risk.