UPS Financial News

Sundaram Home Finance has inaugurated its second branch in Pune as it aims to make disbursements of Rs 450 crore in Maharashtra this year, the company said on Friday. The wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd achieved disbursements of over Rs 250 crore in the Western state last year. Sundaram Home Finance currently has six branches in Maharashtra and would offer home loans targeting the mid-segment of the market with an average ticket size of Rs 40 lakh. The company achieved disbursements of over Rs 100 crore in Pune last financial year. «Pune is turning into a vibrant home finance market and its proximity to Mumbai has led to fast paced growth in terms of infra development and the increasing presence of IT companies. This expansion in Pune follows the success of our first branch in the city,» company Managing Director D Lakshminarayanan said.

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on 'The Bottom Line.'

Grasim slipped into the red in the first quarter ended June 2024 as the company reported a loss of Rs 52.12 crore on Friday. The company posted a net profit of Rs 355 crore in the last year period. On a sequential basis, however, the loss reduced from Rs 441 crore reported in the preceding December quarter.

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United Spirits Ltd. traded 0.71 per cent up at Rs 1472.0 at 12:48PM (IST) on Friday, even as BSE benchmark Sensex gained 783.32 points to 79669.54. The scrip had settled at Rs 1461.5 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1480.0 and Rs 976.0, respectively.

Pidilite Industries Ltd. rose 1.34 per cent to Rs 3125.0 in Friday's trade. It hit an intraday high of Rs 3217.15 and low of Rs 3101.0, respectively, during the day. The stock quoted a 52-week high price of Rs 3277.8 and low of Rs 2293.1.

Lamborghini has termed the Urus SE as a 'greater scuplture definition' of the previous model. «The front and the rear bumpers present a more emphatic design, align with new wheel arches and a carbon fiber painted hood,» the company said, describing Urus SE on its website.

With newer phones coming and higher camera resolution, the pictures and videos we take are bigger and better than ever. But that also means that no amount of storage on the device is good enough. That’s where cloud storage comes in. Not only does it offer convenience and accessibility, but also crucial security for our digital data. Here is how to get over 100 GB of free cloud storage:

biotech giant Amgen on Friday announced its plans to open a new technology and innovation site in Hyderabad, India. The site, to be known as Amgen, will be located in HITEC City, a suburb of Hyderabad, occupying six floors of the RMZ Spire Tower, with a potential to accommodate up to 3,000 people. The site will be operational in Q4 2024. Amgen India will initially build and accelerate new technology solutions and digital capabilities at scale that will enhance efficiencies across the enterprise.

Meerut, a 26-year-old man allegedly strangled his 17-year-old sister to death in full public view, while onlookers stood by recording videos instead of intervening. The horrifying crime took place in Nangla Shekhu village, located in the Incholi area, and has left the community in shock. The police reported that the accused, identified as Mohd Haseen, was reportedly enraged by his sister's persistent desire to marry a man from a different religion. SP (Meerut Rural) Kamlesh Bahadur confirmed the incident, stating, «The crime occurred on Wednesday following a heated argument between the siblings at home. We've arrested the accused, and an FIR has been filed under IPC section 302 (murder) and other relevant sections, based on a complaint from their mother.» SHO (Incholi), Yogendra Singh, provided further details, explaining that the victim had been in a relationship with a man from another community, which had deeply displeased her family. Earlier in March, she had eloped with her boyfriend, leading her family to file a complaint, alleging that she had been kidnapped. The police managed to locate the couple, and the boyfriend was subsequently jailed on charges of abduction, with a charge sheet later submitted to the court.

₹1,830 crore) to the project. The tenders are yet to be put out for the auctions. Officials at the Ministry of New and Renewable Energy and the Solar Energy Corporation of India (SECI) seemed open to explore further discussions on the matter, said Susana Moreira, executive director and co-chair of the board of H2Global Foundation.

Indian Oil Corporation Ltd. slipped 0.29 per cent to Rs 169.7 in Friday's trade as of 12:38PM (IST). The stock hit a high price of Rs 172.5 and low of Rs 169.45 during the session.

₹22,000 crore, over five times its trailing twelve-month sales, which should help meet its guidance of 20-25% revenue growth for FY25. Increasing share of commercial ships, which now account for 25% of order book with the rest coming from defence, has helped improve Cochin Shipyard’s order book position. The company is gaining from its higher focus on the export market, primarily Europe.

Adani Power Ltd. gained 0.6 per cent to Rs 695.25 in Friday's trade. It hit a high of Rs 703.25 and low of Rs 692.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 580.25, while the 50-DMA was at Rs 724.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded at Rs 4846.5 on BSE at 12:27PM (IST) on Friday, up 0.28 per cent from previous close. The stock quoted a 52-week low price of Rs 3300.0 and a high of Rs 5024.5.

Godrej Consumer Products Ltd. rose 0.22 per cent to Rs 1460.65 in Friday's trade. It hit an intraday high of Rs 1474.75 and low of Rs 1455.9, respectively, during the day. The stock quoted a 52-week high price of Rs 1524.7 and low of Rs 959.55.

ACC Ltd. traded 0.25 per cent lower in Friday's session at 01:08PM (IST). The stock opened at Rs 2396.0 and has touched an intraday high and low of Rs 2396.0 and Rs 2352.2, respectively, during the session so far. The stock quoted a 52-week high of Rs 2843.0 and a 52-week low of 1803.8. About 9,436 shares changed hands on the counter so far.

Crompton Greaves Consumer Electricals Ltd. traded 1.14 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 439.35 and has touched an intraday high and low of Rs 439.95 and Rs 434.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 470.5 and a 52-week low of 262.1. About 12,482 shares changed hands on the counter so far.

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. The theory appears to be that after a brief period of policy-induced upset, global finance has stabilized and we’re out of the woods. Alas, dear friends, we’ve barely wandered into the forest.