UPS Financial News

Subscribe to enjoy similar stories. Elon Musk says Tesla will produce millions of robots and self-driving cars in the future that will propel the company’s market capitalization to stratospheric levels. How he will fund that future is coming under sharper scrutiny.

Rajesh Power Services (RPSL) has filed a Draft Red Herring Prospectus (DRHP) with the BSE SME to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of 27.90 lakh equity shares with a face value of Rs 10 each and an Offer for Sale (OFS) of up to 20 lakh equity shares, through a book-building process.

K Rammohan Naidu on Thursday said the government aims to set up 50 more airports in the next five years and pitched for further developing the country's airport ecosystem that will also help in boosting job creation. In the last 10 years, the number of airports has doubled to 157. Naidu said that 50 more airports are expected to be developed in the next five years and 200 more in the next 20 years. The minister was speaking after inaugurating the Airbus India and South Asia Headquarters — Training Centre in the national capital.

Subscribe to enjoy similar stories. They say interest is dearer than the principal. Grandparents tend to dote on grandchildren more than their own.

Subscribe to enjoy similar stories. Since the war in Gaza started over ten months ago, Israel and Hizbullah, an Iran-backed militant group in Lebanon, have exchanged almost daily rocket fire. As part of its response, Israel has been scrambling gps signals across the border region.

Subscribe to enjoy similar stories. We trust doctors to be up to date with the latest in medical science. So it’s concerning that our future medical professionals aren’t being trained sufficiently or consistently on a very real threat to public health: climate change.

Adani Wilmar on Thursday reported a consolidated net profit of Rs 311 crore for the September quarter, compared to a loss of Rs 131 crore posted in the same period last year. Revenue from operations in Q2 FY25 was reported at Rs 14,460 crore, an 18% increase from Rs 12,267 crore in the corresponding quarter of the previous financial year. The profit after tax (PAT) was marginally below on a sequential basis, declining by 0.7% from Rs 313 crore in Q1 FY25.

Tata Elxsi Ltd. dropped 3.31 per cent to Rs 6984.35 at 01:39PM (IST) in Thursday's trade. The scrip has hit a high of Rs 7225.0 and low of Rs 6970.0 so far during the session. The stock had closed at Rs 7223.75 in the previous session. The counter has had a total traded volume of 13188 shares so far with a value of Rs 9.31 crore on the NSE. It traded at a price-to-earnings multiple of 53.31 and a price-to-book ratio of 19.34.

Excluding one-off special dividends, regular dividends were down 3.5% to £25.3bn on a constant-currency basis, according to Computershare's Quarterly Dividend Monitor.  As a result of the recent figures, the 2024 dividend forecast was amended down to £92.3bn, although up 2% on a headline basis. Meanwhile, the forecast for regular dividends (excluding one-offs) is predicted to drop to £86.8bn. Global dividends surge to record high as UK lags behind This quarterly figure was the lowest quarter for dividend hand outs since 2020.  Mark Cleland, CEO of issuer services UK, Channel Isl...

Tata Power Company Ltd. traded at Rs 437.4 on BSE at 12:48PM (IST) on Thursday, down 0.01 per cent from previous close. The stock quoted a 52-week low price of Rs 230.75 and a high of Rs 494.85.

Reliance Power said it has received shareholders' approval to raise Rs 1,524.60 crore through issuance of preferential shares. A resolution through a postal ballot notice has been passed with requisite majority, the company said in a late night stock exchange filing on Wednesday. According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares at a price of Rs 33 per apiece.

iPhone 16 Pro Max, each offering 128GB of base storage. Prices in India start at Rs 79,900 for the iPhone 16 and go up to Rs 1,44,900 for the iPhone 16 Pro Max.

GAIL (India) Ltd. fell 0.11 per cent to Rs 211.2 in Thursday's trade as of 12:06PM (IST) even as the benchmark Nifty ruled at 24406.65, down 28.85 points. The scrip had closed at Rs 211.45 in the previous session. The stock quoted a 52-week low of Rs 116.2 and a high of Rs 246.35. The company quoted a market-cap of Rs 139096.23 crore on the BSE.

Federal Bank Ltd. gained 0.68 per cent to Rs 189.75 in Thursday's trade as of 12:01PM (IST). It hit a high of Rs 190.75 and low of Rs 186.45 during the session. The stock quoted a 52-week high price of Rs 206.55 and a low of Rs 137.3. The return on equity for the stock stood at 12.89 per cent. About 63,207 shares have changed hands on the counter so far.

«We like the CDMO space, no doubt about that and that is why we have only one player out there, which is probably one of the best players within that space as such,» says Dinshaw Irani, CEO, Helios Mutual Fund. Are you keen on pharma at all and which end of pharma, is it hospitals, diagnostic, domestic facing companies, CDMO players, export players, where is that you are finding value and comfort right now? Dinshaw Irani: So, basically, it is kitchen sinking out there. I mean, the way you stated. So, I do not know. We are very keen on obviously hospitals. We have got a couple of players there that we like and that is more of a call on the per capita is moving up in our country and obviously health becoming a bigger spend, that is what one saw in China or any other economy which was picking up as such, so that is one call that we have taken.

Maharashtra government on Thursday told the Supreme Court that it will hand over the next tranche of land by December for construction of the Bombay High Court's new building complex in Mumbai's Bandra region. The state government also informed a special bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai and JB Pardiwala that so far it has not received the possession of the Air India building in south Mumbai where the mediation centre of the Bombay High Court is proposed to be shifted. The state government said possession of 30.16 acre of land will be handed over to the high court in a phased manner, adding the first tranche measuring 4.39 acres has already been given.

LTIMindtree Ltd. traded at Rs 5976.55 on BSE at 11:55AM (IST) on Thursday, up 0.71 per cent. The stock quoted a 52-week low price of Rs 4518.35 and a high of Rs 6575.0. Earlier in the day, the stock saw a gap up opening.

Simbhaoli Sugars Ltd.(up 4.99%), Kothari Sugars & Chemicals Ltd.(up 2.19%), DCM Shriram Industries Ltd.(up 1.42%), Balrampur Chini Mills Ltd.(up 1.14%), Vishwaraj Sugar Industries Ltd.(up 0.69%), EID Parry(India)Ltd.(up 0.63%), Uttam Sugar Mills Ltd.(up 0.59%), Dhampur Sugar Mills Ltd.(up 0.45%), KCP Sugar & Industries Corporation Ltd.(up 0.45%) and Avadh Sugar & Energy Ltd.(up 0.27%) were among the top gainers.

REC Ltd. traded 2.87 per cent up at Rs 520.05 at 10:25AM (IST) on Thursday, even as BSE benchmark Sensex gained 9.11 points to 80091.09. The scrip had settled at Rs 505.5 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 259.5, respectively.

Ashok Leyland Ltd. rose 1.61 per cent to Rs 217.65 at 10:20AM hours (IST) on Thursday. 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 160,875 shares with a turnover of Rs 3.48 crore till 10:20AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 26.11, while the price-to-book value ratio stood at 5.58.

ACC Ltd. traded 0.78 per cent up in Thursday's trade at 10:35AM (IST). Around 3,149 shares changed hands on the counter. The stock opened at Rs 2251.1 and touched an intraday high and low of Rs 2293.25 and Rs 2232.0, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.