UPS Financial News

NTPC on Saturday reported a standalone net profit of Rs 4510.98 crore for the quarter ended June 30, 2024, up by 11% YoY, while the revenue from operations went up to Rs 44,419.22 crore in the same period. The revenue from operations was up by 13.5% on a year-on-year basis from Rs 39,122.25 crore in the same quarter a year ago.

steel demand amid headwinds, a senior central government official said on Saturday that the domestic production is likely to cross 300 million tonnes by 2030. The ministry also does not foresee any hurdles in capacity addition due to decarbonisation efforts in the steel sector and will soon release a draft roadmap seeking public opinion to reduce the carbon footprint in the steel sector, which accounts for 12 per cent of total emissions, Steel Secretary Nagaendra Nath Sinha said.

NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share. “It is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs.3.25/- (Three Rupees twenty five paisa only) per share (on the face value of Rs. 10/- each) on the Equity Shares of the Company for the Financial Year 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 24th May 2024,” said the company in a filing to the exchanges.

ICICI Bank on Saturday reported that its June quarter standalone profit after tax grew by 14.6% year-on-year (YoY) to Rs 11,059 crore while the net interest income (NII) rose 7.3% YoY to Rs 19,553 crore. The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.

Ceigall India announced that the bids for its initial public offering (IPO) will open on August 1 and close on August 5. The IPO consists of a fresh issue of shares worth Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares with a face value of Rs 5 per share.

Upcoming Phone launches in August 2024: A number of new smartphones are set to hit the Indian market in the month of August including the flagship Pixel 9 lineup, Vivo V40 series, Motorola Edge 50, Poco's M6 Plus and more. In order to keep you posted about the new launches, we have created a list of new phones that have been confirmed to launch in August so far.

This monsoon, take a hot chocolate walk in the rain Gitika Saikia, a curator of North East Indian food, grew up with similar experiences in the neighbouring state of Assam. She recalls the first day of planting—orhawri—spent in her father’s village of Nigam in Dibrugarh district, which would be followed by a feast in the paddy fields. The fish from the fields or the adjacent ponds would be wrapped up in large colocasia leaves, and taken home to be fried to golden perfection.

profit after tax (PAT) at Rs 91.6 crore for the quarter ended June 30, 2024. The company had posted a PAT of Rs 83.2 crore for the year-ago period, Transport Corporation of India (TCI) said in a filing to BSE. Income rose to Rs 1,056 crore from Rs 958.3 crore in the year-ago period, the filing said.

Electric Mobility Promotion Scheme 2024' by two months, i.e., until September 30, said the Ministry of Heavy Industries.

retail mall developer and operator Phoenix Mills has announced that its board of directors will be considering the issue of bonus shares for its shareholders in its upcoming board meeting scheduled on July 31. “In furtherance to our letter dated July 24, 2024, regarding intimation of Board Meeting

Team India prepares to kickstart a new era under the head coach Gautam Gambhir, former Indian coach Rahul Dravid, who vacated the job after a dream run at ICC T20 World Cup last month, had a wholesome message for his successor, lauding him for his passion for the sport and making him aware of the challenges he could encounter as a coach.

Philippine tanker has started to leak into Manila Bay, the coast guard said Saturday, calling for a suspension of fishing in the waterway.

Read more about other laptopsin the electronicssection on the Top Trending Productspage. Read about the Best HP Laptops in India below. #Budget 2024 with ETBudget Highlights: Your 2-minute guideWhat's cheaper and what's costlier? Here's the listNew slabs announced in new income tax regime 1. HP Pavilion x360, 12th Gen Intel Core i5-1235U Laptop HP Pavilion x360, 12th Gen Intel Core i5-1235U, 14-inch (35.6 cm), FHD, 16GB DDR4, 512GB SSD, Intel Iris Xe graphics, FPR, 5MP camera w/privacy shutter (Win 11, MSO 2021, Silver, 1.51 kg), ek0074TU27% Off₹86,990₹1,19,000Buy Now Equipped with a 12-core, 12-thread 12th Gen Intel Core i5-1235U, the HP Pavilion x360, 12th Gen Intel Core i5-1235U Laptop provides you with powerful and smooth performance for multitasking and demanding applications. It features a

Bitcoin began the week on a high note, trading at around $68,000. Market participants were buoyed by optimism about Donald Trump’s potential election win. Tuesday marked a significant milestone in the cryptocurrency market with the trading debut of Ether ETFs following the SEC's approval. This development was highly anticipated, as it represents a significant step towards mainstream acceptance and institutional adoption of Ethereum, the second-largest cryptocurrency by market capitalization. The approval of Ether ETFs is seen as a validation of the crypto sector, encouraging further investment and interest. The mid-week brought a downturn, with Bitcoin falling back to the $64,000 level. This decline was partly driven by disappointing earnings reports from major tech companies like Alphabet and Tesla. As tech stocks tumbled, the ripple effect was felt in the cryptocurrency space. Another factor contributing to the mid-week slump was the continued selling pressure from Mt. Gox creditors. The combined effect of tech stock declines and Mt. Gox-related selling pushed Bitcoin down to the $64,000 mark.

Best phones under ₹40,000 in July 2024: With new phones being launched every month, it can be difficult to get your hands on the best device in your price range that also meets your specific requirements. But fear not, we have got you covered with the list of top 5 smartphones you can buy under ₹40,000 with many prominent names like OnePlus 12R, Realme GT 6 and Xiaomi 14 CIVI.OnePlus 12R features a 6.78-inch AMOLED ProXDR display with LTPO4.0, offering a dynamic 1-120Hz refresh rate.The smartphonehouses a Qualcomm Snapdragon 8 Gen 2 chipset and Adreno 740 GPU under the hood, it offers a maximum of 16GB LPDDR5X RAM and 256GB UFS 4.0 storage.

China sparred over industrial subsidies at the World Trade Organization on Friday, with Beijing asking to set up a dispute panel to review the Inflation Reduction Act’s tax credits and Washington responding by accusing China of hypocrisy.

Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25% returns.

The stench of social media posts on TikTok and Facebook has become too much to ignore for the mayor of a popular beach town, who has released a lengthy statement denouncing talk of people pooping in the sand “that lack evidence and promote misinformation.”

Prince Harry is opening up about why he doesn’t feel safe bringing his wife Meghan Markle back to the U.K.

Mahantesh Sabarad, Independent Market Expert, says the RBI is now worried more about the liquidity conditions that most of the private banks maintain. Now it is likely to bring in the next round of reforms in terms of the LCR exposure. Huge banking transactions are happening online and there are concerns related to the security of online transactions and liquidity positions of banks because the systems can get hit by a huge liquidity surge. Intraday the banks look slightly under pressure, but over the week it seems they have done pretty well. But, it is the other way around. Over the week, banks seem to be under pressure. Intraday they have done well. What is your opinion on the RBI draft circular that we saw coming in for banks? What kind of impact are you foreseeing for the banks? Mahantesh Sabarad: Primarily the RBI in the past was very concerned about the asset quality of the banks and therefore, we saw a big compression in terms of NPAs gradually easing out of the system. That done, the RBI is now worried more about the liquidity conditions that most of the private banks maintain.