UPS Financial News

Indian Hotels Company Ltd. gained 0.47 per cent to Rs 464.0 in Monday's session as of 12:24PM (IST) even as the equity benchmark Sensex traded 637.08 points higher at 73205.53. Earlier in the day, the stock witnessed a gap up start to the session.

Pidilite Industries Ltd. gained 0.41 per cent to Rs 2744.0 in Monday's trade as of 12:19PM (IST). It hit a high of Rs 2746.6 and low of Rs 2718.4 during the session.

Luxury car sales in India scaled a record high of 42,731 units in 2023, up 20% year-on-year. Carmakers attributed the pickup in sales to a lifestyle change after Covid-19, making many younger professionals opt for high-end cars, and said the trend is expected to continue, citing rising disposable income levels. The growth potential of this segment is huge given the low penetration of a little more than 1%, they said. “Last year, we recorded best-ever sales in the Indian market,” said Santosh Iyer, managing director at Mercedes Benz India, which plans to launch a dozen vehicles, including electric vehicles, in 2024. BMW, which achieved more than 50% market share, expects to grow in double digits in 2024, said Vikram Pawah, president, BMW Group India. The transition to electric vehicles will help accelerate luxury sales, according to experts. Strong payouts on employee stock options and corporate earnings coupled with a recovery in economic growth has resulted in a wider net of rich young achievers, they said. India’s luxury car market is at an inflection point, moving from a phase of explosive growth to one of sustained, quality-driven expansion. While the immediate future might see a moderation in growth rates, the long-term outlook remains positive, driven by strong fundamentals and evolving young consumer preferences to pay a premium for luxury products, said Ravi Bhatia, president, Jato Dynamics.

Mahindra Group and Canadian fund -Ontario Teachers’ Pension Plan Board (Ontario Teachers’), have listed their Infrastructure Investment Trust (InvIT) in the renewable energy space. The InvIT — Sustainable Energy Infra Trust (SEIT), has raised primary capital of Rs. 1365 crore ($165 Million) as part of the initial offer of units (offer), satated a company release.

Varun Beverages Ltd. traded at Rs 1266.4 on BSE at 12:29PM (IST) on Monday, up 0.09 per cent from previous close. The scrip quoted a 52-week low price of Rs 550.0 and a high of Rs 1380.45.

The emergency alert that Albertans received on Saturday night shows how much work is going to be needed to adapt to future demand according to Alberta’s utilities minister and electricity experts.The alert, issued by the Alberta Electric System Operator (AESO), urged Albertans to reduce electricity usage to essentials only to prevent rotating outages. The alert came a few hours after AESO declared a grid alert due to extreme cold, high demand and low imports.On Sunday afternoon, AESO declared another grid alert for the third day in a row, asking Albertans to reduce electricity to essential use only.“We were concerned at one point that we were going to run out of emergency reserves and have to go to rotating outages,” said Leif Sollid communication manager for Alberta Electric System Operator.He said the last time Alberta saw rotating outages was during the floods of 2013.There was a significant drop in electricity demand almost immediately after the alert was issued.

Cost of Living LIVE Updates January 15: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Wipro. The Nifty 50 hit the 22,000 mark for the first time, setting its fresh peak of 22,081.95 while the Sensex scaled its fresh record high of 73,288.78 during the session.

TCS vs Infosys vs Wipro vs HCL Tech: After the announcement of Q3 results 2024 by Indian IT majors — HCL Technologies, Tata Consultancy Services (TCS), Infosys, and Wipro, in the week gone by, all four IT majors of the Indian stock market have been in a bull trend. In early morning deals on Monday, all four IT stocks touched new 52-week highs respectively. HCL Tech shares hit a new lifetime high after climbing to its new 52-week high on Monday.

HanuMan Box Office Collection Day 3: HanuMan, starring Teja Sajja in the leading role, saw a 24.50% jump in its Box Office Collection on the third day. The movie collected ₹15.50 crore on the first Sunday. Earlier on Saturday, the movie saw a 55.65% jump and collected ₹12.53 crore.

Aditya Ghosh was working as the legal counsel for ... moreAditya Ghosh was working as the legal counsel for the parent company of Indigo Airlines in 2008 when he was asked to join as the President of the airline.

a scrappy insurgency in desolate northern Yemen has managed to put itself in conflict with both the Middle East’s strongest power and the world’s superpower. Early on January 12th American and British warplanes bombed dozens of targets in Yemen. More allied strikes could take place.

India Today has stated. The man, identified as Angrez Singh, was taking the test on Paramjit Kaur's behalf, both residents of Punjab's Fazilka district. As per the report, on January 7, Singh showed up for a multipurpose health workers exam administered by Baba Farid University of Health Sciences at DAV Public School in Kotkapura, in the state's Faridkot district.

Wipro were better than estimates. Expectations were low as Q3 is a seasonally weak quarter due to furloughs coupled with the ongoing demand uncertainty. Notably, management commentary is still cautious with large-caps not seeing a visible pick-up in discretionary IT demand just yet.

IndiGo pilot was assaulted by a passenger on board, while the former was announcing delays. A video of the assault became viral on social media. A video was shared on microblogging site X, where a man in yellow hoodie abruptly ran up from the last row and hit the new pilot, who had replaced the previous crew due to Flight Duty Time Limitations (FDTL) norms after several hours of delay.

Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company's December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24). This also comes after the company's American Depository Receipts (ADRs) surged almost 18 percent to hit a near-20-month high of $6.35 after the company reported its results on January 12. Wipro's net profit fell 12 percent year-on-year (YoY) and 1.2 percent sequentially to ₹2,694 crore.

Gold prices climbed for a third straight session on Monday, as bullion held onto safe-haven gains from elevated tensions in the Middle East and after U.S. producer prices data last week renewed bets for an early rate cut by the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.3% at $2,054.73 per ounce, as of 0228 GMT, after marking its biggest daily gain since Dec. 12 on Friday. * U.S.

Bandhan Bank, Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Escorts Kubota, Hindustan Copper, The India Cements, Indus Towers, Metropolis Healthcare National Aluminium Company, Piramal Enterprises, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Indian Energy Exchange (IEX) has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 89.3% on Friday with OI reported by Trendlyne at 99.6 million.

External Affairs Minister S Jaishankar has commented on the ongoing diplomatic row between India and Maldives and asserted “politics is politics", and added that one cannot guarantee in every country, every day, everybody will support us or agree with India. The remark was made even as Maldives established 15 March as deadline for India to pull back its troops from the island.

India’s latest inflation and industrial production numbers released last week have been a mild let-down. Retail inflation in December climbed to a four-month high of nearly 5.7% on-year, up from almost 5.6% in November, while industrial output growth slumped to an eight-month low of 2.4% on-year in November from 11.7% in October.