UPS Financial News

Tube Investments of India Ltd. fell 1.7 per cent to Rs 4077.15 in Monday's trade as of 02:05PM (IST) even as the benchmark Nifty ruled at 24615.85, up 113.7 points. The scrip had closed at Rs 4148.05 in the previous session. The stock quoted a 52-week low of Rs 2729.1 and a high of Rs 4666.0. The company quoted a market-cap of Rs 78792.06 crore on the BSE.

Amit Shah on Monday spoke to Assam Chief Minister Himanta Biswa Sarma and took stock of the flood situation in the state. The Home Minister also spoke with the Chief Ministers of Uttar Pradesh and Gujarat and inquired about the increased water level in both states. He also assured the CMs of providing Central assistance as well as support of the National Disaster Response Force to combat the crisis. Shah reached out to the Chief Ministers of Assam, Uttar Pradesh, and Gujarat in separate telephonic conversations to assess the flood situation as well as the surge in water level due to heavy rainfall. The proactive engagement by the Union Home Minister comes as the Assam flood and the resulting surge in waters continue to affect thousands of people across these states.

GACM Technologies DVR, and Indowind Energy are the three companies that have fixed July 16 as their record date for the rights issue at Re 1, Re 1, and Rs 22.5 per share, respectively. A rights issue occurs when a company asks its current shareholders to buy additional shares at a discount before a certain date. This gives shareholders the right, but not the obligation, to purchase new shares at a discount to the market price up to a specified future date.

«The daily data that we are tracking is showing that vegetable prices is probably going to be as much if not higher than what we have observed in June. The other aspect is also that telecom tariffs were increased by around 20% or so in end of June and so the impact of that is likely to be visible in the July print,» says Aurodeep Nandi, India Economist, Nomura. The inflation reading though on a bit on expected lines came in above the 5% mark. Thanks to perhaps what is happening in the veggies side because of erratic monsoon. But do you expect it to remain sticky for some time? It appears even RBI is readying the street that inflation is sticky, rates could remain higher for longer. Aurodeep Nandi: Well, there are three things really to watch out for as far as July is concerned. One is that we have this massive-massive favourable base effect that kicks in. So, last year, June was 4.9%, that spiked to 7.4% in July. So, simultaneously, the July number coming up will be impacted by a favourable base. But that is going to mask a lot of the upside pressures that are there. One, as you mentioned, vegetable prices. These are typically the months when vegetable prices go up quite a lot.

BUTLER, Pa.—The assassination attempt on former President Donald Trump occurred in a largely rural slice of western Pennsylvania that in many ways typifies the regions Trump is leaning on for strong support in the coming election. Butler County, the site of Saturday’s Trump rally, and the surrounding area are home to an economy that has swung significantly in recent decades. The shift, from the decline of steel and manufacturing jobs to the rise of the natural-gas fracking industry, has left many workers displaced and unsettled.

₹2.6 crore, and Chitransh wanted to finance ₹1.95 crore through a loan. However, his plan fell apart when he approached a bank for a home loan. The loan manager informed him the loan would not cover the 23.92% TDS or tax deducted at source that he has to deposit with the Income Tax Department.

The third season of the terrific show “The Bear" blends family dysfunction with the ups and downs of high-end restaurants. With markets chasing new highs—get out those Dow 40000 hats—this column is about a different kind of dysfunctional beast. Is the market bear dead, or is it about to sneak up on us? A U.S.

When the shots rang out in the clear blue sky and tore America’s fragile civic peace asunder, the former president was gesturing at a chart on a screen. “The worst president in the history of our country took over, and look what happened to our country," Donald Trump said as the sweaty crowd pulsed with its usual feverish approval. On the massive video monitors flanking the stage, a graph showed an increase in illegal border crossings in recent years.

simple things are often overlooked, no matter the field. People tend to avoid simplicity, thinking it's boring and too common. But what if I told you that, when it comes to investing, the simplest approach often yields the best results? Today, we'll discuss one such simple yet effective approach to investing.

Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter

China says its economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter

Ukraine hopes to find a strategic edge against Russia in drones built in abandoned warehouses or factory basements

BEIJING — China's National Bureau of Statistics on Monday said the country's second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll.

renewable energy has been going through a dry patch. Generation from solar farms roughly tripled between 2018 and 2023, while the output of wind turbines almost doubled. That provided enough extra clean energy to power Japan and Russia, put together. Meanwhile, the hydroelectric dams that generate about one-seventh of the world’s electricity stood still: The additional 52 terawatt-hours in 2023 was only enough to fuel Greece. That’s not overly surprising. Hydro’s problems resemble those of the other veteran form of clean power, nuclear. Unlike wind and solar, it’s been an established technology for decades, so much of its growth potential has already been exploited. Like nuclear, it’s dependent on the building of costly and time-consuming projects to move forward, and shows little sign of reducing its (already low) costs. Compounding the problems, a two-year drought connected to the La Niña climate cycle during 2022 and 2023 caused a collapse of generation in China, home to about a third of the world’s hydro dams.

Nifty50 ended on a positive note for the sixth consecutive week, ending above the 24,500 mark for the first time. On a weekly scale, the index has formed a bullish candle carrying higher highs and lows as compared to prior candle. “Technically we have enjoyed an upward momentum since March 2023 making higher highs and lows but at present the ADX, a trend strength indicator on weekly scale is at 24.96 and sloping downwards for a while,” said Shrey Jain, Founder of SAS Online.

The BSE Sensex was trading 194 points, or 0.24%, higher at 80,712. The Nifty50 was up 85 points, or 0.35%, trading at 24,587 around 9:17 am.

In June the bank hiked lending rates (MCLR) on select tenures by 10 bps. Loan interest rates in July 2024: These 7 banks have revised loan interest rates in July

Avenue Supermarts Ltd. with a target price of Rs 5500. The current market price of Avenue Supermarts Ltd. is Rs 5070.05. Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 321699.65 Crore) operating in Retail sector.

ACC Ltd. with a target price of Rs 3300. The current market price of ACC Ltd. is Rs 2707.4. ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 50678.15 Crore) operating in Cement sector.

Kalyan Jewellers India Ltd. with a target price of Rs 570. The current market price of Kalyan Jewellers India Ltd. is Rs 501.75. Kalyan Jewellers India Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 51571.89 Crore) operating in Gems and Jewellery sector.

Bandhan Bank, Chambal Fertilizers & Chemicals, GMR Airports Infrastructure, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), India Energy Exchange (IEX), India Cements, Indus Towers, Piramal Enterprises (PEL) and RBL Bank. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.