UPS Financial News
18.07 / 06:16
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Budget 2024: Make personal tax regime attractive to chart path for Viksit Bharat
NEW DELHI : The full Union Budget 2024-25 is to be presented by the re-elected government on 23 July. The taxpayers’ expectations from the Union finance minister Nirmala Sitharaman are well known. The overarching expectation is that the government will announce measures to increase personal disposable income.
18.07 / 06:08
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Angel One faces a Hobson’s choice after dull June quarter
₹1,108 crore. Interest income, the other revenue stream grew 19% quarter-on-quarter to ₹294 crore, but it's likely that this was mostly led by the equity funds worth ₹1,500 crore that Angel One raised through QIP in the first week of Q1. Assuming a 2% interest for the quarter on fresh equity, the interest income works out to ₹30 crore.
18.07 / 06:06
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Share price of United Spirits falls as Sensex drops 34.92 points
United Spirits Ltd. dropped 0.38 per cent to Rs 1294.45 at 11:06AM (IST) in Thursday's trade. The counter has hit a high of Rs 1301.1 and low of Rs 1290.1 so far during the session. The stock had closed at Rs 1299.4 in the previous session. The counter has had a total traded volume of 10657 shares so far with a value of Rs 1.38 crore on the NSE. It traded at a price-to-earnings multiple of 66.94 and a price-to-book ratio of 11.55.
18.07 / 06:01
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Colgate-Palmolive
Colgate-Palmolive shares rise 0.05% as Sensex climbs
Colgate-Palmolive (India) Ltd. traded at Rs 3127.2 on BSE at 11:11AM (IST) on Thursday, up 0.05 per cent from previous close. The stock quoted a 52-week low price of Rs 1819.85 and a high of Rs 3154.0.
18.07 / 05:57
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Nazara Tech shares tumble over 8% intraday post Rs 1,120 crore GST notice
Nazara Technologies on Thursday fell up to 8% to Rs 845.65 on BSE after two of its subsidiaries got show cause notices in relation to Goods and Services Tax (GST) with a total liability of Rs 1,120 crore. The show cause notices were sent by the Director General of GST Intelligence, Kolkata to Openplay Technologies and Halaplay Technologies on Tuesday, July 16 for proposed liability of Rs 845.72 crore and Rs 274.21 crore, respectively, Nazara disclosed in a regulatory filing.
18.07 / 05:46
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Buy LTIMindtree, target price Rs 7000: Motilal Oswal
LTIMindtree with a target price of Rs 7000. The current market price of LTIMindtree Ltd. is Rs 5567.15. LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 164736.43 Crore) operating in IT Software sector.
18.07 / 05:27
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Stock market update: Mining stocks down as market rises
Lexus Granito(India)Ltd.(up 1.77%), The Orissa Minerals Development Company Ltd.(up 0.55%) and KIOCL Ltd.(up 0.27%) were among the top gainers.
18.07 / 05:19
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ICICI Lombard shares up 1.38% as Sensex rises
ICICI Lombard General Insurance Company Ltd. gained 1.38 per cent to Rs 1903.55 in Thursday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 151.26 points higher at 80867.81. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1911.0 and a 52-week low of Rs 1266.0 on NSE. Around 7204 shares changed hands on the counter till 10:15AM (IST).
18.07 / 05:17
UPS
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triathlon
Where CEOs find time for triathlon training and motorcycle racing
Many of us can barely keep up with our jobs, never mind hobbies. Yet some top executives run marathons, wineries or music-recording studios on the side. How can they have bigger responsibilities and more fun than we do? It can seem like ultrahigh achievers find extra hours in the day.
18.07 / 05:16
18.07 / 05:16
18.07 / 05:12
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Stock market update: Sugar stocks down as market rises
EID Parry(India)Ltd.(up 0.19%) and Balrampur Chini Mills Ltd.(up 0.12%) were among the top gainers.
18.07 / 04:34
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Buy Angel One, target price Rs 3300: Motilal Oswal
Angel One Ltd. with a target price of Rs 3300. The current market price of Angel One Ltd. is Rs 2210. Angel One Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 19942.35 Crore) operating in Financial Services sector.
18.07 / 04:13
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F&O Radar | Deploy Bull Call Spread in Nifty to benefit from bullish stance
Nifty index hit a fresh high of 24,661 on Tuesday after giving a range breakout on a daily frame. It has formed a small-bodied Bullish candle in the same time frame and follow-up buying seems to be intact with sustained buying. “It (Nifty) continues escalating upwards steadily within a smaller intraday range and any minor dips are getting absorbed quickly by the bulls,” said Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking & Distribution, Motilal Oswal.
18.07 / 04:12
18.07 / 03:27
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Mint Quick Edit | Karnataka quota bill: Unsound and unfair
As this week began, Karnataka’s government stirred up a hornet’s nest with its bid to legislate private-sector job reservations. A bill okayed by the state cabinet would have half of all management job roles filled by candidates who have long been residents of the state, as also 75% of non-managerial jobs.
18.07 / 03:13
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Pharmaceuticals
Beyond jewellery and textiles: India’s export basket undergoes a cultural shift
Mint. “Growth in the traditional basket of exports (comprising agriculture and allied products, gems and jewellery, and textiles) declined on the other hand." Also read | India's electronics, pharma, engineering goods exports beat global trade blues Exports of electronic goods, which primarily involve their final assembly, surged nearly fivefold in value terms to $29 billion in 2023-24 from the level seen in 2017-18, show data available with India’s commerce ministry. Exports of engineering goods increased from $78.65 billion in value terms in FY18 to $109.22 billion in FY24, while that of drugs and pharmaceutical products climbed from $17.27 billion to $27.82 billion in that period.
18.07 / 02:57
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Budget may unveil scheme to incentivize medical gear makers
medical equipment market was worth $11 billion in 2022, making up 1.5% of the global market. The department estimates that the sector may grow to $50 billion by 2030 with a compounded annual growth rate (CAGR) of 16.4%. “The department of pharmaceuticals has submitted a new proposal on the meditech sector to the finance ministry for final consideration," the second person added, adding the final contours of the proposal are still being worked on.
18.07 / 01:55
18.07 / 01:28
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Biden says could quit race if 'medical condition' emerged
Joe Biden said he could drop his reelection bid if doctors found he had a medical condition, as a top Democrat on Wednesday urged the 81-year-old to step aside. Biden's comments were the first time he has even slightly opened the door to abandoning the White House race, and came as Representative Adam Schiff, a key ally from California, urged Biden to «pass the torch.» «If I had some medical condition that emerged, if somebody, if the doctors came and said 'you've got this problem, that problem,'» Biden told the Black media outlet BET in an interview taped Tuesday, when asked what could make him rethink.
18.07 / 01:24
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Low-cost hydrogen cell startup Protonas bags funding in round led by Transition VC
Protonas, a startup specialising in low-cost polymer electrolyte membrane (PEM) hydrogen fuel cell solutions, has secured an undisclosed amount of funding in a round led by Transition VC. The funds will be used to set up initial manufacturing operations in Chennai and develop prototype systems. The company, based in Tennessee, USA, has a subsidiary in Chennai.
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