UPS Financial News

Nanda's job at General Electric Co. back then was putting some plastic between the bumper and the beam of a Suzuki Swift. The plastics division, which traced its history to the early days of synthetic rubber, had hired the young engineer from the state-run Defense Research & Development Organization, placed him at one of GE’s new facilities on the outskirts of Bengaluru, and asked him to find a cost-efficient way to reduce the impact on pedestrians in auto accidents.

5G airwaves worth over Rs 96,000 crore is set to kick-off Tuesday. However, unlike the last sale in 2022, when the government netted a record Rs 1.5 lakh crore, this time the exercise is expected to be a muted affair, said industry executives and analysts. They say the upcoming airwaves sale is likely to be low-key as Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have adequate 5G airwave holdings and, 5G adoption remains low in the absence of any consumer-centric use cases for the masses. Analysts expect that the three telecom firms could collectively buy around Rs 12,500 crore of spectrum, which is about 13% of the Rs 96,320 crore worth of airwaves on offer.

Benchmark NSE Nifty index rose 18.71 points to 23519.8 amid buying in frontline bluechip stocks.

InterGlobe Aviation Ltd. traded 0.39 per cent up in Monday's trade at 11:26AM (IST). Around 16,651 shares changed hands on the counter. The stock opened at Rs 4309.9 and touched an intraday high and low of Rs 4333.95 and Rs 4268.0, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4610.0 and a 52-week low of Rs 2334.95.

Voltas Ltd. gained 2.35 per cent to Rs 1520.35 at 11:31AM (IST) in Monday's trade. The counter hit a high of Rs 1528.0 and low of Rs 1470.35 so far during the session. The stock had closed at Rs 1485.4 in the previous session. The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 2.78 crore on BSE. The stock traded at a price-to-earnings multiple of 195.15 and a price-to-book ratio of 6.27.

Colgate-Palmolive (India) Ltd. traded at Rs 2824.65 on BSE at 11:36AM (IST) on Monday, down 0.06 per cent. The stock quoted a 52-week low price of Rs 1625.0 and a high of Rs 3068.95. Earlier in the day, the stock saw a gap down opening.

SME IPO of Visaman Global Sales has opened for subscription today and will close on June 26. The company aims to raise about Rs 16.05 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Visaman Global Sales

An “episode at work” is how Robyn Cook describes the sudden and life-changing full-body spasm that sent her to the emergency room, five years before a mysterious set of symptoms would be diagnosed as stiff person syndrome.

₹75, which is 7.14% higher than the issue price of ₹70. Following a tepid listing, stock gained over 12% trading at ₹78.75 apiece at 10:10 IST. The price band for the United Cotfab IPO was set at ₹70 for each equity share, which has a face value of ₹10.

₹740 apiece by gaining 2.25% in today's early morning trade after the company announced that its wholly owned subsidiary -JSW Neo Energy Limited received a Letter of Award (LoA) for setting up a 300 MW ISTS-connected wind-solar hybrid power project from Solar Energy Corporation of India Limited (SECI) against a tariff-based competitive bid invited for setting up 1,200 MW ISTS-connected wind-solar hybrid power projects (Tranche VIII).Subsequent to this capacity award, the company's total locked-in capacity increases to 13.6 GW. The company expects to have an installed generation capacity of 9.8 GW by CY24, up from 7.3 GW currently.Also Read: Multibagger Garden Reach Shipbuilder share price rises 7% on a $54 million orderWith this hybrid project, the company strengthens its energy solution offerings while moving towards an energy products and services company.The company said it has a total locked-in generation capacity of 13.6 GW, comprising 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro, and a pipeline of 3.7 GW.

When Steve Bannon is unhappy with Donald Trump, you know the former President has taken a good turn. Mr. Trump did so last week in saying he’d like to give a green card for residence in the U.S.

A cybersecurity intelligence company says a suspected Chinese state-sponsored hacking group has intensified attacks on Taiwanese organizations, particularly those in sectors such as the government, education and technology

Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier — at which point it was semi submerged — were some debris and an oil slick. Yemen’s Houthi militants managed to strike it with a seaborne drone, killing one crew member and injuring others. They said they eventually sank it with explosives. Register for the ET MSME Day 2024 here.

Prince Pipes & Fittings with a target price of Rs 723. The current market price of Prince Pipes & Fittings is Rs 685.2. Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 7652.49 Crore) operating in Plastics sector.

Edited excerpts from an interview: How does the equity capital market and M&A landscape look like to you? India is rapidly emerging as a top contender in global equity capital markets. The Indian equity markets have delivered consistently about 8-10% USD CAGR returns over the last 20 years. This momentum has strong tailwinds thanks to the strong macroeconomic environment, earnings growth trajectory, and equity market inflows especially from domestic mutual funds (MFs).

demat accounts.Also Read: Akme Fintrade India IPO: Here's what latest GMP indicates as focus shifts to allotment; How to check online?Individuals who received shares will have their demat accounts credited on Tuesday, June 25. The refund procedure will also begin on Tuesday.Akme Fintrade IPO listing date is fixed for Wednesday, June 26 on BSE and NSE.If you have applied for the Akme Fintrade IPO, you can do a Akme Fintrade IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.htmlUse the Bigshare URL, https://ipo.bigshareonline.com/ipo_status.html, to directly input your login details.- Link to the Akme Fintrade IPO allotmentFrom the list of firms, choose "Akme Fintrade IPO."Opt for "PAN Number, Beneficiary ID, or Application No./CAF No."Simply press "Search."You may view your Akme Fintrade IPO on your phone's display or a computer monitor.Also Read: Akme Fintrade IPO closes today: Issue oversubscribed by 55.12x.

Balrampur Chini Mills, Chambal Fertilisers, GNFC, Hindustan Aeronautics, Granules, Hindustan Copper, Indus Towers, and Piramal Enterprises. While Birlasoft managed to come out of the ban list on Monday, Chambal Fertlisers and Granules are new entrants.

South Africa left-arm seamer Tabraiz Shamsi's magnificent bowling performance of 3/27 restricted West Indies to 135/8 in 20 overs at the Sir Vivian Richards Stadium on Monday. Proteas skipper Aiden Markram won the toss and opted to bowl first in an all-important Super 8 clash. The winner of this game will qualify for the semifinals of the ongoing marquee event. Batters Kyle Mayers and Shai Hope came out in the middle to open the innings for the hosts.

Ajay Bagga, Market Expert, says the size of the order flow has started coming down in IT because companies are not willing to give very long-term orders or very large orders given the way AI is disrupting the entire industry. But within the next one year, we will start seeing the first case studies coming out where Indian IT companies will start enabling the hardware gains to come into actual industries via some software and that is where Indian IT will start scoring. Probably, we can wait it out for three months more. Do private banks and the underperforming ones seem to be the only value zone in the market right now?

However, broader sentiment will likely get a boost by the inflows after domestic bonds are included in JPMorgan's emerging market debt index later this week.

Tata Elxsi, Titan and JSW Holdings among a host of other companies are likely to remain in focus this week as they have corporate actions like dividends, stock splits, bonus issues, and annual general meetings lined up this week. Here is a list of corporate actions lined up in the week: