UPS Financial News

Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner, the company said on Tuesday. In his new role, Gupta will be responsible for meeting the company's growth goals, focusing on international expansion, building teams and driving profitability. In addition, he will continue to be responsible for the India market, strengthening the firm's product portfolio, marketing, partnerships and operations to accelerate its growth in the country.

Premier Energies Ltd and P N Gadgil Jewellers Ltd, have received Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Tuesday. The other two firms that obtained the regulator's clearance to float initial share sales are — Ecos India Mobility and Hospitality Ltd and KRN Heat Exchanger Ltd. The four companies, which filed their preliminary IPO papers between March and April, obtained Sebi's observation letters during July 22-26.

Dori Media Group (DMG), the global studio behind global hits like Losing Alice, Lalola, The New Black, In Treatment, and Power Couple, has opened its first sales office in India, joining its existing global branches in Israel, Spain, Switzerland, and Argentina. “We’re thrilled to have someone with Devdatta’s tremendous industry experience joining our team at Dori Media and helping us further expand our global sales reach,” said Nadav Palti, CEO & President of Dori Media Group. “We’ve been successfully selling content in India for years now, and the dynamic growth that we’ve seen in that marketplace recently made it a no-brainer for us to open an office in Mumbai.”

Diageo reported 4.8% decline in annual profit on Tuesday, just short of analyst expectations, due to a steep decline in sales in Latin America and the Caribbean.

Sunil Singhania, Founder,Abakkus Asset, and Bharat Shah, Executive Director, ASK Group, in conversation with Nikunj Dalmia of ET Now on the occasion of Prabhudas Lilladher 80th Anniversary. Singhania says the wealth and asset management business is still minuscule and this is a business where at least 25% growth is visible for the next 10-20 years. And 25% growth over 10 years is 10x and if it lasts for 20 years it is 100x. It is a good business as one does not need capital and only needs intellectual capital. There is 100% cash conversion. He says asset management and wealth management companies are going to be some of the biggest wealth creators. What is the next big theme, idea or trend you are betting on? I respect your compliance, we will not talk stocks. But give us where you think there is scope for earnings upgrade, PE upgrade, and where the macros are going to be favourable?

Speaking in the House of Commons yesterday (29 July), Reeves said she had to make «urgent decisions» because of the previous government's «undisclosed» overspending. «When I arrived at the Treasury on the very first day I was told by officials that this was not how the previous government had planned to spend this year. It was not even close,» she said.  Rachel Reeves to blame Tories for 'covering up the true state of the public finances' According to Reeves' office, Labour had inherited a projected overspend of £22bn. To tackle this multi-billion-pound gap, the chancellor announce...

ICICI Prudential Life Insurance Company Ltd. traded 1.29 per cent up at Rs 728.25 on Tuesday at around 01:29PM (IST), while the benchmark BSE Sensex advanced 158.01 points to 81513.85. As many as 18,380 shares changed hands on the counter with a total value of Rs 1.32 crore.

Ashok Leyland Ltd. traded 1.69 per cent down at Rs 251.95 on Tuesday at around 01:24PM (IST), while the benchmark BSE Sensex advanced 203.54 points to 81559.38. As many as 330,848 shares changed hands on the counter with a total value of Rs 8.39 crore.

Varun Beverages reported a 26% year-on-year (YoY) increase in its Q2 CY24 profit after tax (PAT), reaching Rs 1,262 crore. Revenue from operations stood at Rs 7,197 crore, up 28% YoY. In the corresponding quarter of the previous year, the company's revenue was Rs 5,611.4 crore. For the half-year ending June 2024, revenue showed a 21% YoY growth.

Satyabhama and Veeranjaneyulu Vihara Yatra, set to premiere on the OTT platform ETV Win. These recent releases are perfect for unwinding after a long day at work or for a thrilling movie marathon during the weekdays. With engaging and dynamic content, they promise an entertaining experience with no dull moments. So, set your timers and get ready to enjoy these films from the comfort of your home!

podcast 'People by WTF,' Bollywood superstar Ranbir Kapoor opened up about his memorable meeting with Prime Minister Narendra Modi. Reflecting on their 2019 meeting in New Delhi, Ranbir shared intriguing details about what PM Modi asked him during their conversation.

Bajaj Holdings & Investment Ltd. traded at Rs 9687.15 on BSE at 12:17PM (IST) on Tuesday, up 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 6634.6 and a high of Rs 10080.15.

WASHINGTON—Kamala Harris is making abortion rights central to her candidacy for president as Republicans struggle to articulate a winning message on the issue. In contrast with President Biden, who was reluctant to say the word abortion, the vice president has campaigned aggressively on it since the 2022 Supreme Court ruling that eliminated the constitutional right to the procedure. At the White House, she has met with abortion providers and women who have had abortions.

Suzlon Energy were locked in a 5% upper circuit at its new all-time high in Tuesday’s session at Rs 68.25 after rallying 23% since its Q1 results were announced earlier in the last week. The company had reported a stellar growth of 200% year-on-year (YoY) in its consolidated net profit for the quarter ended June 2024 at Rs 302 crore while its revenue from operations in the reported quarter stood at Rs 2,016 crore versus Rs 1,348 crore reported in the year-ago period, an uptick of 50%.

Avenue Supermarts Ltd. traded at Rs 5105.55 on BSE at 12:12PM (IST) on Tuesday, down 0.05 per cent. The stock quoted a 52-week low price of Rs 3493.05 and a high of Rs 5220.0. Earlier in the day, the stock saw a gap up opening.

Info Edge (India) Ltd. traded at Rs 7088.8 on BSE at 12:23PM (IST) on Tuesday, down 0.14 per cent from previous close. The scrip quoted a 52-week low price of Rs 3973.15 and a high of Rs 7261.55.

inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.

Paytm, on Tuesday unveiled a card soundbox, which doubles up as a card payment device. «It democratises access to secure NFC card-reading technology for small shops, empowering them with affordable devices for comprehensive payment acceptance, including credit or debit cards and UPI. Customers can simply tap a card or scan a QR code to make payments,» the company said in a statement.

NTPC rallied 5% to hit a fresh record high at Rs 412.6 in Tuesday's trade on BSE after the global brokerage firm Jefferies maintained its ‘Buy’ rating on the state-owned company and increased the target price from Rs 445 to Rs 485. The global brokerage firm believes NTPC's execution pace is expected to pick up significantly. Jefferies further stated that NTPC already has a 24 GW renewable energy pipeline in place and is targeting 60 GW by 2032. Additionally, earnings visibility is improving, particularly with thermal power projects, as 9.6 GW is currently under construction and another 15.2 GW is set to be awarded.

Bandhan Bank Ltd. rose 1.02 per cent to Rs 220.95 at 11:52AM hours (IST) on Tuesday. 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 811,442 shares with a turnover of Rs 17.83 crore till 11:52AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.86, while the price-to-book value ratio stood at 1.34.