UPS Financial News

Colgate-Palmolive (India) Ltd. traded 1.22 per cent up at Rs 3202.4 at 11:52AM (IST) on Monday, even as BSE benchmark Sensex gained 544.92 points to 81877.64. The stock had settled at Rs 3163.8 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 3260.3 and Rs 1891.7, respectively.

«Going forward, quarter two will be better than quarter one and quarter three and four are definitely our best quarter in terms of advances, so that will continue, that clearly is going to happen. Our focused attempt on improving portfolio quality over the last two years and very specifically, April 23 onward, some of the specific initiatives that we took are holding up extremely well,» says Ratan Kumar Kesh, Interim MD & CEO, Bandhan Bank. First, let us talk about the numbers because your interest income is higher by 22%, NII uptick of 20%. What, according to you, are the levers in place to keep such kind of growth numbers coming in for the next few quarters as well? Ratan Kumar Kesh: Broadly, the levers are simple and basic in nature. Our ability to grow our advances quarter-on-quarter has been established in the last year. In quarter one, it generally is a muted quarter for us and we generally de-grow. What we have been able to establish this year, first quarter, is that we have been able to deliver a stable growth and that is something which is important.

GAIL (India) Ltd. gained 1.04 per cent to Rs 233.0 in Monday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 565.39 points higher at 81898.11. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 239.2 and a 52-week low of Rs 111.5 on NSE. Around 222593 shares changed hands on the counter till 11:47AM (IST).

Sick of managing people? Maybe you should stop. So many of us stumble into being the boss, or raise our hands because it feels like the only way to get ahead. We’re attracted to the cachet of the title, the promise of more money or the comfort of having a ladder to ascend.

More U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand. Higher interest rates, rising operating costs, a strengthening U.S.

Ola Electric on Monday announced the price band of Rs 72-76 for its upcoming initial public offering (IPO) which will open on August 2 and close on August 6. The IPO comprises a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares, according to the draft prospectus. At the upper price band of Rs 76, the OFS would be worth about Rs 645.56 crore.

Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Budget was seen hitting the Realty space in the last week while at the same time mixed reactions through markets gave the final verdict with a new ATH close.

Mint explains some of the amendments in the budget that are applicable to international transactions. Until now, investing in international stocks attracted a long-term capital gains (LTCG) tax rate of 20% with indexation benefit—adjusting for inflation—if the stocks were held for more than 24 months.

The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels.

quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The stock is up around 20% in the last one month.

Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.

deductions under Section 80 or giving more exemptions have been sorely disappointed. The Budget has not made any change in the old tax regime, but proposed some tweaks in the new tax regime to make it more attractive. The Budget may have also increased the tax outgo for many taxpayers by hiking the tax on capital gains and removing the indexation benefit that applied to property,hybrid mutual funds and gold. Changes in new tax regime

ICICI Bank, Adani Wilmar, ACC, Dr Reddy's, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACC Shares of Adani Total Gas, HPCL, Adani Wilmar and ACC will be in focus as the companies will announce their first quarter results today.

hypothetical conversation between two investors on the recent Budget. It may not be a real interaction, but is representative of the many exchanges on the social media and in real life.

Asian shares bounced on Monday ahead of a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward «normality». Also due is the U.S. jobs report for July, closely watched surveys on U.S. and global manufacturing, along with Eurozone gross domestic product and inflation data.

Lakshya Sen's dominating win over Guatemala's Kevin Cordon in the badminton men's singles Group L match at the ongoing Paris Olympics has been 'deleted after the Guatemalan pulled out of the multi-sport event due to a left elbow injury.

private investments in the mineral-rich state on its foundation day on November 1, chief minister Vishnu Deo Sai has said.

Ola Electric Mobility as the valuation of the electric two-wheeler maker's initial public offering (IPO) approaches $4 billion, down from earlier expectations. The IPO is set to open August 2. Domestic investors, including SBI AMC, HDFC AMC, Nippon Life India AMC and UTI AMC will bid about $200 million each, while international ones such as Fidelity, Nomura and Norway's Norges Bank will bid in the range of $75-100 million each.

Comic-Con hosted a panel for DC's "The Penguin" series. Colin Farrell joined via Zoom, sharing insights on the spinoff. The new trailer highlights Penguin's violent rise in Gotham's crime world.

medical devices in the country, the government may do away with the requirement of clinical investigation of those devices approved in the European Union (EU), people aware of the proposal told ET.