UPS Financial News

Ambuja Cements Ltd. fell 2.1 per cent to Rs 675.9 in Friday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 424.64 points lower at 80918.82. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0 on NSE. Around 115725 shares changed hands on the counter till 12:27PM (IST).

Tata Technologies on Friday fell 2% to the day’s low of Rs 989 on BSE after the company recorded a 15% year-on-year (YoY) decline in its quarterly net profit at Rs 162.03 crore. The company’s net profit was weighed down by an increase in expenses incurred for the purchase of technology solutions. Sequentially, the net profit has increased by 3.04%.

DLF Ltd. slipped 3.3 per cent to Rs 817.05 in Friday's trade as of 12:38PM (IST). The stock hit a high price of Rs 847.7 and low of Rs 808.55 during the session.

Indian Hotels Company Ltd. rose 1.55 per cent to Rs 573.1 in Friday's trade. It hit an intraday high of Rs 583.4 and low of Rs 571.15, respectively, during the day. The stock quoted a 52-week high price of Rs 663.4 and low of Rs 371.45.

Critical U.S. economic data was released on Thursday, July 18, potentially influencing Bitcoin price prediction. The unemployment claims came in higher than expected at 243,000, up from 229,000 previously, indicating a weakening job market.

HAIFA, Israel—Above ground, Rambam Health Care Campus treats the wounded from the fight in Gaza. Below ground, northern Israel’s leading hospital is preparing for what could be the country’s next war—an all-out conflict with Hezbollah. Four operating rooms, a maternity ward and a dialysis center are among the facilities the hospital has set up three levels down in its underground parking garage, part of its plan to keep functioning if the daily tit for tat exchange of fire between Israel and the U.S.-designated terror group across the border with Lebanon escalates.

Check out more laptop dealsAlso read: Best laptops under ₹70000 in India: Top 10 performance packed options for premium computingGrab up to 60% off on tablets this Amazon Prime Day 2024! Upgrade your tech with massive savings on the latest models and features.The realme Pad 2, in Imagination Green, offers a 11.5 inch 2K display with a 120Hz refresh rate and 450 nits peak brightness. It features 6GB RAM, 128GB storage, and is powered by the MediaTek Helio G99 processor. The tablet includes an 8MP rear camera, 5MP front camera, and an 8360mAh battery with 33W SUPERVOOC charging.

Melania Trump and Ivanka Trump were at the Republican National Convention Thursday, making a rare appearance in support of former President Donald Trump's third bid for president. The former first lady and the former president's eldest daughter have largely steered clear of the campaign trail this year, a contrast with Trump's 2016 and 2020 campaigns when both played a larger role. Neither gave speeches. Melania Trump's presence helps the Republican Party show widespread unity, a theme that emerged prominently after the attempt on Trump's life last weekend. A day after the attack, Melania issued a statement calling on Americans to «ascend above hate, the vitriol, and the simple-minded ideas that ignite violence.»

mutual funds have offered up to 99% return in the last one year. These funds gave an average return of 95.68% in the similar time horizon. SBI PSU Fund, the topper in the category, offered 99.87% return in the last one year. Invesco India PSU Equity Fund offered 97.70% return in the said period. The scheme is the oldest scheme in the category.

Bajaj Holdings & Investment Ltd. gained 0.94 per cent to Rs 9875.0 in Friday's trade. It hit a high of Rs 9912.0 and low of Rs 9710.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 8085.36, while the 50-DMA was at Rs 8639.56. 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.

Currently, income above Rs 15 lakh attracts a tax rate of 30% under both regimes. This, coupled with the removal of most exemptions and deductions in the new regime, results in a higher effective tax burden for this segment of taxpayers. As such, there is a growing consensus among taxpayers in this bracket that the current tax rates do not adequately reflect the complexities and expenses associated with inflation and higher incomes. Consequently, taxpayers have the following expectations from the coming budget 2024 on July 23, 2024.

green energy has become a pivotal area of focus. India, with its vast population and burgeoning economy, stands at a critical juncture as our energy consumption patterns evolve, with a noticeable shift towards renewable sources. Today, India's green energy sector is at a nascent stage but poised for exponential growth. The expectation from the upcoming Budget is high as stakeholders anticipate strategic initiatives from the Indian government to accelerate this transition. India's commitment to green energy sector is evident from its ambitious target of achieving 175 GW of renewable energy capacity by 2022, and the more recent goal of achieving 500 GW by 2030. Renewable energy accounts for over 42% of the country's installed power capacity at present with solar and wind energy with the largest share in the green energy mix. However, to sustain this momentum and meet future requirements, a robust policy framework and financial support are imperative. India is the third-largest energy consumer globally and the fourth-largest in renewable energy installed capacity. Many countries are taking aggressive steps to promote green energy. For instance, the US offers tax credits for renewable energy investments, and China has a comprehensive system of subsidies and quotas. In comparison, India's green energy incentives are modest. However, the country's vast market potential and strategic initiatives like the International Solar Alliance (ISA) position it as a significant player in the global arena.

Anand Mahindra, the Chairman of the Mahindra Group, recently lauded the creative ingenuity of Sudhir Bhave, an elderly engineer from Gujarat known for his unique cycle designs. In a heartfelt post on X, Mahindra not only praised Bhave's «irrepressible creativity and energy» but also offered him access to the Mahindra workshop in Vadodara for his experiments.

Page Industries Ltd. fell 0.52 per cent to Rs 39922.0 in Friday's session as of 10:40AM (IST) even as the equity benchmark Sensex traded 253.95 points lower at 81089.51. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 42850.0 and a 52-week low of Rs 33100.0 on NSE. Around 21 shares changed hands on the counter till 10:40AM (IST).

Persistent Systems fell 7% in Friday’s early trade to the day’s low of Rs 4539.95 after the company reported a 2.8% quarter-on-quarter (QoQ) decline in its profit after tax (PAT) to Rs 315.32 crore for the quarter ended June 30 2024. However, on a year-on-year (YoY) basis, PAT rose 34% against Rs 228.77 crore in the first quarter of FY24.

manufacturing hub providing resilient supply chain options for leading manufacturers across industry sectors. Technology enablement is critical to enable efficient and reliable supply chain operations and it is imperative for the government of India to strengthen nation’s digital backbone.

US President Joe Biden is still expected to meet with Israeli Prime Minister Benjamin Netanyahu when he visits Washington next week but it will depend on his recovery from Covid, the White House said Thursday. «We have every expectation that the two leaders will have a chance to see each other while Prime Minister Netanyahu is in town,» National Security Council spokesman John Kirby told reporters in a briefing. Netanyahu is set to address the US Congress on Wednesday and Israeli media had reported a meeting with Biden on Monday, but Kirby said, «I can't tell you at this point what that exactly is going to look like.»

Infosys. UBS has issued a sell call on Dalmia Bharat. Jefferies maintained a hold call on Havells while increasing its target price. Additionally, Citi has issued a buy call on ONGC with an increased target price. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports. «Several people close to President Biden said on Thursday that they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, bowing to the growing demands of many anxious members of his party,» The New York Times reported. Biden, 81, is spending time at his Delaware residence in isolation after he was tested positive for COVID-19. Media reports said that top leaders of the Democratic party, including former president Barack Obama, former House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, have asked him to leave the presidential race, in the absence of which the party risks losing the White House, the Senate and the House of Representatives. «People close to top Democrats said Thursday that it now appeared it was a matter of when-not if-Biden bows out of the presidential race. In the past day or so, former President Barack Obama has told friends who have called him that Biden's path to victory is narrow, according to people familiar with the calls,» The NYT report said.

Big Brother (UK), and it was quite risqué. “I looked at it and thought, oh my god, what have I just signed up to make," says Dhar, now the group chief executive officer of Banijay Asia and EndemolShine India. “In those days, people hadn’t thought of 100 cameras, 24x7, unfiltered, reality voyeurism at its best," says 50-year-old Dhar.

Nothing Phone (2a) Plus was earlier spotted on the UAE's TDRA certification website, along with the Bureau of Indian Standards (BIS) and Jio's list of 5G-compatible devices. The TDRA listing had suggested that the Phone (2a) Plus would come with the model number A142P.With Nothing CEO Carl Pei already pushing plans for the Phone (3) to next year, it will be interesting to see what Nothing has to offer with the Phone (2a) Plus.