UPS Financial News

Brightcom Group shares have been suspended from trading on both the BSE and the NSE today. This suspension will remain in place until the company complies with the master circular issued by the NSE. The suspension of trading came after the company failed to declare its quarterly earnings for two consecutive quarters ending September 30, 2023, and December 31, 2023.

Israel called Hamas' response to the latest peace proposal for the Gaza Strip «negative.» Hamas insisted it was dealing with it «positively.» U.S. Secretary of State Antony Blinken, speaking in Qatar, said Hamas had demanded changes, some of which were «workable» and some not. A Hamas official told an Arabic television channel that the group had not raised any new ideas, and that Blinken saw things through an Israeli lens and «speaks Hebrew.» The Biden administration has pledged to keep working with Qatari and Egyptian mediators to bridge the gaps. But after days of intensive diplomacy in the region, a monthslong effort to end the war in Gaza seems as stuck as ever, as each side clings stubbornly to maximalist demands unacceptable to the other.

Rail India Technical and Economic Service (RITES) rallied 4% to the day’s high of Rs 708 in today’s session on BSE after the company announced that it has signed an MoU with the Delhi Metro Rail Corporation (DMRC) for exploring consultancy and O&M of Metro Rail Systems. “RITES Ltd., a premier transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad,” said the company filing to the exchanges.

LTIMindtree Ltd.(up 0.23 per cent) were among the top gainers.

Police have arrested a co-owner of the Rajkot game zone, where a fire claimed 27 lives last month, taking the number of arrests in the case to ten, an official said on Friday. Ashoksinh Jadeja, one of the six owners of the TRP game zone, surrendered before the police on Thursday evening, the official said. Jadeja, who owns the land on which the game zone had come up, had been absconding after a fire devastated the recreation facility on May 25 in Gujarat's Rajkot city. Rajkot Police Commissioner Brajesh Kumar Jha confirmed on Friday that Jadeja is in the custody of the crime branch after his surrender.

GAIL (India) Ltd. traded at Rs 224.85 on BSE at 10:50AM (IST) on Friday, up 2.32 per cent. The stock quoted a 52-week low price of Rs 103.2 and a high of Rs 233.0. Earlier in the day, the stock saw a gap up opening.

Biden administration to take urgent action to protect more than 250,000 Documented Dreamers, a significantly large number of whom are Indians, who will be forced to self-deport after ageing out of the temporary legal status derived through their parents' visas. Documented Dreamers are foreign nationals who entered the United States as dependents under their parents' temporary, nonimmigrant visa status, usually a work visa. Despite growing up in the US with legal status, children of long-term visa holders age out of their dependent status when they turn 21 and are often left with no choice but to leave the United States if they cannot transition to a new status, the lawmakers said in a letter to Homeland Security Secretary Alejandro Mayorkas and the US Citizenship and Immigration Services (USCIS) Director Ur M Jaddou.

Vodafone Idea, billionaire banker Uday Kotak on Friday questioned the debt-ridden telecom operator's decision to settle dues of two European equipment vendors — Nokia and Ericsson — by issuing preferential shares. He indirectly compared the deal with the age-old proverb «robbing Peter to pay Paul». «Financial markets create money out of thin air? A model for companies in financial difficulty: issue equity to creditors to repay their debt. If the stock is well traded, the creditor can sell in the market and get paid by investors. What is that story about Peter and Paul?,» Kotak said on social media platform X without naming Vodafone Idea.

Prestige Estates Projects Ltd.(up 4.53 per cent), Brigade Enterprises Ltd.(up 2.52 per cent), Mahindra Lifespace Developers Ltd.(up 1.82 per cent), Macrotech Developers Ltd.(up 1.16 per cent) and Sobha Ltd.(up 0.92 per cent) were among the top gainers.

Bharat Electronics Ltd. traded 1.89 per cent up at Rs 306.65 on Friday at around 10:40AM (IST), while the benchmark BSE Sensex advanced 147.0 points to 76957.9. As many as 2,804,492 shares changed hands on the counter with a total value of Rs 85.69 crore.

Ambuja Cements Ltd. traded at Rs 679.75 on BSE at 10:45AM (IST) on Friday, up 2.32 per cent from previous close. The stock quoted a 52-week low price of Rs 404.0 and a high of Rs 690.0.

Air traffic controllers at the Edmonton International Airport had a bit of good-humoured fun as the Florida Panthers’ flight from Fort Lauderdale came in for a landing Wednesday night.

Bikaji Foods International as its top pick of the month for June. The brokerage believes it is a good pick for medium-risk investors expecting high returns. It also advised investors to have less than 30 percent weightage in this sector.The brokerage pointed out that Bikaji Foods has been a pioneer in India's ethnic snacks industry, holding a 9.6 percent market share as of September 2023.

gold in the last one week has been 2.04% .whereas in the last month it has been 1.98%.The cost of silver is Rs.88110.0 per kg down by Rs.260.0 per kg.Gold Price in Delhi is ₹73444.0/10 grams. Yesterday’s Gold Price on 13-06-2024 was ₹72802.0/10 grams. and last week’s gold price on 08-06-2024 was ₹74286.0/10 grams.Silver Price in Delhi is ₹88110.0/Kg.

Adani Ports and Special Economic Zone (ADSEZ) to ₹1,650 per share, up from the previous target of ₹1,550. The upgrade is based on the company’s continued outperformance in FYTD24.

Reasons to buyReasons to avoidThe Bajaj Rex 500 Watt Mixer Grinder is a budget-friendly option that doesn't compromise on performance. With its 500 watts motor, it can handle all your grinding and blending tasks with ease. The vacuum feet ensure stability during operation, while the multifunctional blade system makes it versatile for various cooking needs.

₹8,14,200 on Samsung Display, its two directors, company secretary and a former official for violating Indian laws on significant beneficial ownership. The fine must be paid in 90 days. The parties have 60 days to appeal against the order before the corporate affairs ministry’s regional director.

BENGALURU : Sixth Sense Ventures, which typically invests in early-stage consumer companies, is preparing to chase more ambitious bets as it raises potentially its largest fund ever. Among India’s earliest rupee capital funds, Sixth Sense Ventures is raising ₹2,500 crore for its fourth fund, excluding a greenshoe option that it can use to raise more money subsequently, founder Nikhil Vora told Mint in an interview. The investment firm has backed prominent startups such as Bira, a craft beer maker, Wonderchef, a maker of cookware and kitchen appliances, and Uppercase, a maker of bags and luggage.

Grasim Industries, Shriram Finance, Hindustan Unilever, Eicher Motors, and Britannia Industries were the top gainers, while Tech Mahindra, JSW Steel, HCLTech, NTPC, and Wipro, were the top drags. Sensex Today Live : Only eight stocks out of the 30 on the BSE Sensex were trading in the green.

Sanjeev Balyan has accused the party’s former Sardhana Member of Legislative Assembly (MLA) Sangeet Som of ‘sabotaging’ his re-election bid by ‘supporting’ the rival Samajwadi Party (SP). Balyan, a former union minister, lost the general elections 2024 from Muzaffarnagar to SP leader Harendra Singh Malik by about 25,000 votes. Sardhana assembly seat, earlier represented by Som, falls under Muzaffarnagar Lok Sabha seat.“He (Sangeet Som) supported the SP candidate in the election.

Apple Inc, as we learnt this week, aims to simplify artificial intelligence (AI) for the masses in a bid to keep its users and shareholders engaged and happy. Its goal is billed as “AI for the rest of us," reminiscent of Steve Jobs’ strategy of making computers aesthetic and user-friendly. While CEO Tim Cook may lack Jobs’ charisma, he kept Apple’s allure well polished.