UPS Financial News

Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA's victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. PSU stocks and those linked to the capex theme were the biggest gainers in Monday's session and rallied up to 11% with PSU rail stock RITES leading the charge. PSU bank stocks, led by the Central Bank, surged up to 8% while construction stocks like J.Kumar Infraprojects shot up to 16% during the day.

Ramganga River in Faridpur, Bareilly district. The victims, traveling from Gurugram to Bareilly, were reportedly using Google Maps to navigate from Dataganj in Budaun to Faridpur via Khallpur, unaware of the bridge's condition.

Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank.

Negotiators are gathering in South Korea in what’s billed as a final push.

A DHL cargo plane crashed into a house near the Lithuanian capital, killing at least one person

Australia’s government has withdrawn a bill that would give a media watchdog power to monitor digital platforms and require them to keep records about misinformation and disinformation on their networks

A federal judge in Texas is set to hold a hearing on whether the satirical news outlet The Onion made a valid bid for the Infowars platforms of conspiracy theorist Alex Jones

A spate of iconic rebrands in recent weeks have left some people reeling in a consumerist society where what we buy says a lot about who we are

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

mutual funds have offered a negative average return of around 13.34% in the last three months. Five PSU mutual funds have marked their presence in the market over the last three months. Quant PSU Fund lost the most of 17.68% in the last three months. CPSE ETF, the largest PSU fund based on assets managed, delivered a negative return of around 14.85% in the mentioned period.

Uddhav Balasaheb Thackeray Sena in a bizarre demand has asked to stay the assembly results and hold fresh elections through paper ballots. “ We have made 450 complaints against the EVM machines in these elections, the elections were conducted as per procedure. We are saying that stall these results and do the elections from paper ballots and we would win the elections. We were leading in the morning in the paper ballots in these elections early but then when the counting in the EVM happened things changed.”said Sanjay Raut Rajya Sabha MP and party spokesperson of the Uddhav Balasaheb Thackeray Sena. Raut claimed that they want elections to be held through paper ballots. “We are not saying this because we lost, we have been saying against EVM for the last ten years. Now they (BJP) claim that they won in Jharkhand and lost in Maharashtra but we would like to tell them to do one thing: take Jharkhand and let us win in Maharashtra. Do something in the EVM machine and let us win in Maharashtra.”said Raut sarcastically.

Subscribe to enjoy similar stories. Inflation has persisted stubbornly for five years now. In October 2019, India’s retail inflation exceeded the 4% official midpoint target set by the Reserve Bank of India (RBI), and has remained there for all but two months in 2024.

Subscribe to enjoy similar stories. Getting allotment in a small and medium enterprises (SME) initial public offering (IPO) in early 2024 felt like hitting the jackpot. For many investors, it was enough to fund a grand wedding or a dream vacation.

Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.

A total of 84 players were up for grabs on day 1, of which 72 were sold to respective franchises, with Rishabh Pant, Shreyas Iyer and Venkatesh Iyer becoming the three most expensive buys of the season. Teams like Royal Challengers Bengaluru, Mumbai Indians, Chennai Super Kings, Kolkata Knight Riders, Sunrisers Hyderabad, and Delhi Capitals are set to participate in the high-stakes bidding frenzy, once again. Several marquee players like Faf du Plessis, Rovman Powell, Kane Williamson and Bhuvneshwar Kumar are featured in the list of cricketers who may go under the hammer.

Stocks that rallied over 10% included, BDH Industries(14.90%), Ellora Trading Ltd.(14.66%), J Kumar Infra(12.94%), Ishita Drugs(12.30%), IFCI(11.54%), Sheetal Diamond(10.55%), Sobha (PP)(10.52%), Anand Rayons(10.00%) and LWS Knitwear(10.00%).

contingency plans for military deployments in Japan and the Philippines in case of an emergency over Taiwan, Japan's Kyodo news agency reported. They will be incorporated in a first joint operation plan to be formulated in December, according to sources familiar with Japan-US relations, Kyodo said late Sunday. A US Marine regiment which possesses the multiple-launch HIMARS (High Mobility Artillery Rocket System) would be deployed along Japan's Nansei island chain stretching from Kyushu to Yonaguni near Taiwan, Kyodo said.

Domestic benchmark index NSE Nifty gained 355.46 points to 24262.7, while the BSE Sensex traded 1059.24 points up at 80176.35.

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

₹195 crore from anchor investors. The company's initial public offering (IPO) is valued at ₹650 crore, with shares priced between ₹140 and ₹148 each.

Society of Jesus, or Jesuits, wanted to use this hot new technology — just over a century old — to spread Christianity in the East. This press was meant for Abyssinia (Ethiopia), but the winds took it round Africa and up to India, where it docked in Goa. It was getting ready to sail again, when it was learned that the Abyssinian emperor no longer wanted it. Francis Xavier, one of the Jesuits’s founders, had established a strong presence in Goa. So, when this news came, the Jesuits quickly set up the press. Printing using carved surfaces may have existed in India before this, but this press produced the first Indian books using movable type. This was in Roman script, but attempts were made to cast types in Indian scripts, first Tamil and then Devanagari. The earliest texts were religious, but in 1563, the press printed a book whose title translates as Colloquies on the Simples and Drugs of India (1563). Written by physician and naturalist Garcia da Orta in the form of dialogues with a fictional friend named Ruano, it describes the useful plants of India. Through the conversations, which include visits to patients, a fascinating picture emerges of the trading world of India and the Arabian Sea.