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17.03 / 12:27
UPS Waters Bill prevention Courts politician Thames Water wins court approval in London for emergency funding deal
Thames Water has received court approval for up to 3 billion pounds of emergency funding
17.03 / 12:23
UPS IPO Matthews 2020 reports Schroder British Opportunities trust abandons UK-listed focus in favour of private equity only mandate
In a stock exchange notice today (17 March), the board said that while its net asset value had increased 13.4% since its IPO in 2020, the board and investment manager felt that the private equity portfolio offered «a better opportunity set in the current environment». Gravis' Matthew Norris: Why private equity is snapping up REITs for a bargain The trust currently invests in a split of public and private UK equities and according to the RNS notice, 70% of the trust is currently invested in PE, 23.5% in listed stocks and the rest in cash. Indeed the latest interim report for 2024 sh...
17.03 / 12:23
recommendations Harmony Energy Income agrees to £190.8m takeover offer from Foresight
In a stock exchange notice today (17 March), HEIT's board said the current proposal, which values the company at 84p per share and represents a 29% premium to the closing share price of 65.2p on 14 March 2025, «delivers a superior outcome» for the trust's shareholders.  «As a result, the HEIT board has indicated to Foresight that, should a firm offer be made on the financial terms set out above, it would be minded to recommend such an offer to HEIT shareholders, subject to the agreement of the other terms of the offer,» the company said. Care REIT agrees to £448m cash acquisition by C...
17.03 / 12:23
show FCA bans Crispin Odey from UK financial services industry
In a statement today (17 March), the FCA said Odey has deliberately sought to frustrate Odey Asset Management's «disciplinary processes into his conduct to protect his own interests» and that he «lacked integrity». «Odey showed reckless disregard for OAM's governance, causing OAM to breach certain regulatory requirements,» the FCA statement read. «In addition, the FCA considers that Odey's behaviour towards both OAM and the FCA lacked candour.» As a result of the fund manager's conduct, the FCA said Odey is «not a fit and proper person» to conduct any role within the regulated activit...
17.03 / 11:57
markets COST UPS Manufacturing economy President stage Trump tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Trump administration's tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go into building a single-family home in the US by USD 7,500 to USD 10,000, according to the National Association of Home Builders. Such costs are typically passed along to the homebuyer in the form of higher prices, which could hurt demand at a time when the US housing market remains in a slump and many builders are having to offer buyers costly incentives to drum up sales. We Buy Houses in San Francisco, which purchases foreclosed homes and then typically renovates and sells them, is increasing prices on its refurbished properties between 7 per cent and 12 per cent. That's even after saving USD 52,000 in costs by stockpiling 62 per cent more Canadian lumber than usual. «The uncertainty of how long these tariffs will continue has been the most challenging aspect of our planning,» said CEO Mamta Saini.
17.03 / 11:57
markets UPS Healthcare Trade blues Updates Stock market update: Nifty Bank index advances 0.61%
Shares of Axis Bank Ltd.(up 2.38 per cent), ICICI Bank Ltd.(up 1.52 per cent), IndusInd Bank Ltd.(up 0.76 per cent), Federal Bank Ltd.(up 0.42 per cent) and Kotak Mahindra Bank Ltd.(up 0.41 per cent) ended the day as top gainers in the pack.
17.03 / 11:57
UPS Software Enterprise awards Bill country Updates Up to code: Softserv Solutions is changing the game for Indian IT subcontractors
A whole lot of chutzpah, leaps of faith, and a dash of putting yourself out there. You wouldn’t know from Manoj Pipersania’s demeanour that he’s painfully shy. Over a virtual call from Jaipur, the 46-year-old Founder and CEO of Softserv Solutions talks animatedly about everything from being visible for the sake of his employees (more on that later) to his penchant for shooting and getting a pilot’s licence. Softserv Solutions is more than a template IT firm specialising in business automation. Established as a private limited company in 2012, the company also offers tailored barcode solutions for use cases such as warehousing, clinical research, and RFID tagging for jewellery and other products. Its 20,000 sq ft headquarters in Jaipur belies the fact that Softserv is a micro enterprise employing just over 60 people. As Pipersania puts it, “We are the richest company in the world.” And scale has little to do with it. Pipersania started out in the early aughts as a CCNA (short for Cisco Certified Network Associate) IT specialist who configured ATMs for state-run Bank of Baroda before moving to Nepal to automate financial processes for a cooperative bank in the country. Running on just three hours of sleep a night, he’d write programmes and shop them to local businesses that needed to automate their processes. Thereon, he hopscotched from one job to another across countries — in India for Electronic Data Systems, now an HP subsidiary, then the US’ largest health insurer, UnitedHealth Group.
17.03 / 11:57
Citi Provident Manufacturing security Research country International National Supercomputing Mission extended to December 2025
National Supercomputing Mission (NSM) has been extended to December this year. It was initiated in April 2015 by the Government of India with a budget outlay of Rs. 4,500 crore for seven years initially. Supercomputing systems under NSM have supported research in critical domains such as drug discovery, disaster management, energy security, climate modelling, astronomical research, computational chemistry, fluid dynamics, and material research. NSM has created opportunities for researchers from tier II and tier III cities to conduct research by providing access to supercomputing facilities.
17.03 / 11:57
Compilation Puzzle Parke Healthcare Actor country reports NYT Mini Crossword March 17, 2025 Answers and hints to solve today’s puzzle
While The Crossword remains the paper's iconic puzzle for subscribers, The Mini appeals to those seeking a fast-paced word game that can be completed in just a few minutes. For many, including seasoned solvers and newcomers, the NYT Mini Crossword March 17 puzzle presents an engaging start to the day, as per a report by USA Today. But if you find yourself stumped on today’s clues, we’ve compiled hints and answers to help you through it — just in case you need a nudge to complete your streak.
17.03 / 11:57
markets UPS Healthcare Trade blues Updates Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Domestic benchmark index NSE Nifty ended 111.55 points up at 22508.75, while the BSE Sensex closed 341.04 points up at 74169.95.
17.03 / 11:57
BLOCK Cooper Racing security War inclusion International ‘Two-front war no longer a possibility—It’s a reality’: Army chief Upendra Dwivedi fires warning shot
Global South is being hindered by China’s growing economic and strategic clout, Army Chief General Upendra Dwivedi said on Sunday. Delivering the fourth General Bipin Rawat Memorial Lecture in Delhi, he highlighted the increasing complexity China’s rise brings to global geopolitics. “The rise of China as a dominant economic and strategic force adds complexity, creates competition, and hampers India's effort to be the natural leader for the Global South,” General Dwivedi stated. He urged India to look towards Africa as a future power centre, recognising its potential role in the shifting global order. Despite its demographic and geographic advantages, India remains at a relatively lower global standing, he observed. “With the democratic shift and resource control race, we need to look at possibilities of Africa as a future power centre… India’s position will remain pivotal due to its geography, demography, democracy, prosperity, soft power, and inclusive approach,” he said.
17.03 / 11:57
markets UPS FIVE wellness Trade travelers Which sector will lead the next market rally? Jyotivardhan Jaipuria answers
Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says after the correction, they are getting a little more constructive on the market. He is no longer worried about high valuations of the Indian market because relatively, the valuations are looking okay. Now, we trade at around 65% premium to emerging market PEs, which is more or less in line with global averages and way below what it was six months back. As for earning growth, the March quarter will likely be closer to 8% and next year it may be 11-12%. Once earnings growth picks up, the market will feel relatively better and start moving up. Jaipuria also says he likes banks, pharma and in the consumption space the three picks are white goods, travel and probably auto ancillaries. Do you think banks will lead this rally going ahead and that is the sector to be in at this point in time because we have a lot of them saying yes, because the valuations are now reasonable, it is attractive, and banks is where one should be. Jyotivardhan Jaipuria: We also like banks and unfortunately, we are with the consensus here. The reason we like banks is valuations. If we do 10-year valuations for all sectors, banks are the only sector where valuations currently are below the 10-year valuations. So, to that extent, there is a lot of margin of comfort there because at low valuations, you need fundamentals to improve a bit, and then you can get decent share price performances, so that is why we like the banks.
17.03 / 11:57
UPS Career Racing security awards Sporting Meet India’s first female F4 racer Shriya Lohia. Her education, family and achievements
Shriya Lohia has etched her name in motorsports history by becoming the first Indian female driver to compete in Formula 4 (F4) racing. At just 16, she has already achieved a major milestone by scoring points in the inaugural Indian Formula 4 Championship, representing the Hyderabad Blackbirds, one of the country’s top racing teams. Her journey into motorsports began at the young age of nine when she took up karting. With an exceptional talent for speed and precision, she quickly rose through the ranks, securing over 30 podium finishes across various competitions. Her consistent performance and dedication earned her multiple accolades, including four recognitions from the Federation of Motor Sports Clubs of India (FMSCI), the governing body for motorsports in the country. In 2022, Shriya’s remarkable achievements were further honoured with the Pradhan Mantri Rashtriya Bal Puraskar, India's highest civilian award for children, recognizing her excellence in motorsports. As she continues to break barriers, Shriya stands as a trailblazer for aspiring female racers in India, proving that talent and determination can drive success in a male-dominated sport.
17.03 / 11:57
Provident WhatsApp information EPFO achieves historic high of 2.16 crore auto-claims in FY25
The minister in a written reply in the Lok Sabha informed that the auto-mode claims are processed within three days. Employees' Provident Fund Organisation (EPFO) has taken several steps to streamline the process of claim settlement. For auto mode processing of advance claims, the amount limit has been enhanced to Rs 1 lakh. Further, in addition to illness/hospitalization advances, the advances for housing, education and marriage are also enabled for auto mode processing.
17.03 / 10:19
UPS Provident Waters Trade War cover How China is doubling down on trade-ins to boost sluggish consumption
China pledged on Sunday to «vigorously boost consumption» and «expand domestic demand in all directions» as they seek to cushion the impact of weak external demand amid an escalating global trade war. While they did not release detailed plans and budgets for most of the measures, one exception was a consumer trade-in scheme — a Chinese version of a «cash for clunkers» programme, with officials announcing a considerable expansion of subsidies and the categories of products covered. WHAT PRODUCTS ARE COVERED BY TRADE-INS? Initially, China's government announced subsidies for eight household products — refrigerators, washing machines, televisions, air conditioners, computers, water heaters, domestic stoves and hoods for range cookers. Purchasers of these products are eligible for subsidies equivalent to 15%-20% of their sales price, capped at 2,000 yuan ($276) for each item.
17.03 / 10:19
markets Provident ETF performer track stars Updates NFO Update: Tata Mutual Fund launches BSE Quality Index Fund
Index Fund, a factor-based index fund designed to provide investors with access to high-quality companies exhibiting strong financial health. The new fund offer or NFO is open for subscription and will close on March 28. Also Read | FY25 mutual fund stars: 36 schemes score big, Mirae Asset Hang Seng TECH ETF shines brightest
17.03 / 10:19
UPS Provident Action Justice reports Courts Manipur violence: Cases to be tried in Guwahati itself, says SC
Supreme Court on Monday said the trial of the Manipur ethnic violence cases, probed by the CBI, would be conducted in Guwahati, Assam, where it was transferred to earlier. A three-judge bench headed by Chief Justice Sanjiv Khanna also extended till July 31, 2025, the tenure of a committee headed by Justice Gita Mittal, the former chief justice of the Jammu and Kashmir High Court. The panel, also comprising former Bombay High Court judge Shalini P Joshi and Asha Menon, former Delhi High Court judge, was set up on August 7, 2023 by the top court to oversee relief and rehabilitation of the victims of ethnic violence in Manipur. The tenure of the panel was previously extended by the top court by six months on August 5, last year. On Monday, the bench noted the submissions of a lawyer over the fate of the trials in the cases that were transferred to Guwahati for pre-trial proceedings by the bench on August 25, 2023. «We clarify that the trial of transferred cases will be held before the courts at Guwahati,» the CJI said.
17.03 / 10:19
film RAI performer actress stars reports Interviews When a heartbroken Aishwarya Rai confessed to 'crying like crazy' after a controversy
Manisha Koirala, and model Rajeev Mulchandani. What started as a rumored romance quickly spiraled into a public spat, with accusations, emotional turmoil, and a war of words that left Bollywood buzzing and Aishwarya Rai crying “like crazy”.
17.03 / 10:19
Target MET trends country reports rights US immigration officials target elderly Indians holding Green Cards as Trump administration tightens scrutiny
green card holders are increasingly facing secondary inspections and overnight detentions by US Customs and Border Protection (CBP) officers at American airports. According to TOI's Lubna Kably, immigration attorneys have reported a growing trend of CBP officials questioning elderly Indians who spend winter months in India and pressuring them to voluntarily surrender their green cards by signing Form I-407. Under the US Immigration and Nationality Act (INA), a lawful permanent resident (LPR), or green card holder, returning to the US after an absence of more than 180 days is treated as seeking «re-admission» and becomes subject to grounds of inadmissibility. Although green card abandonment is typically considered when someone stays outside the US for more than a year, attorneys are now seeing increased scrutiny even for shorter absences. Ashwin Sharma, an immigration attorney based in Florida, said, “I have personally handled cases recently where the CBP has targeted elderly Indian green card holders, particularly grandparents who happen to have spent a bit longer outside the US, and pressured them to sign Form I-407 to ‘voluntarily’ surrender their lawful permanent resident status (green card). And the moment they have tried to push back, they have been met with threats of detention or ‘removal’ by the CBP officers who have been emboldened by Trump to see themselves as judge, jury, and executioner.”
17.03 / 10:19
UPS FIVE Ball performer cricket bowling Rajasthan Royals IPL 2025: From Sanju Samson to Vaibhav Suryavanshi and Yashasvi Jaiswal; five players to watch out for
IPL 2025 season approaches, Rajasthan Royals are gearing up to make a statement with their squad of exciting and talented players. With a mix of seasoned campaigners and promising young talent, Rajasthan Royals have an impressive roster. The team's leadership under Sanju Samson will be key, and with players like Yashasvi Jaiswal, Jofra Archer, Shubham Dubey, and the new signing Vaibhav Suryavanshi, there’s no shortage of match-winners in the squad. These players possess the skills to make a significant impact, both with the bat and ball, and their performances will be crucial in determining Rajasthan’s success in the 2025 season.

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