UPS Financial News

Subscribe to enjoy similar stories. WHEN DEEPSEEK, a hotshot Chinese firm, released its cheap large language model late last year it overturned long-standing assumptions about what it will take to build the next generation of artificial intelligence (AI). This will matter to whoever comes out on top in the epic global battle for AI supremacy.

Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.

Subscribe to enjoy similar stories. Temasek-backed edtech major upGrad narrowed its losses and recorded modest revenue growth in FY25, the company's statutory disclosures showed. Consolidated revenue rose 5.5% to ₹1,569.3 crore in FY25, up from ₹1,487.6 crore in FY24, upGrad's filing with the Registrar of Companies (RoC) showed.

Subscribe to enjoy similar stories. The share of information technology (IT) services stocks in the BSE 30 Sensex in 2025 has fallen to a 18-year low of 11.3%, just better than the 8.8% in 2007, as rise of artificial intelligence tools and prospects of uncertain growth make investors jittery. This coincides with OpenAI’s launch in November 2022, which marked an inflection point in the country’s $283 billion sector as it upended the way businesses were run.

Subscribe to enjoy similar stories. Discount broking firm Zerodha's $5 million bet on research platform Tijori will help it move beyond retail trading and strengthen its products for cash-market and mutual fund investors, a top company official said. Zerodha's platform was dominated by active traders for nearly six to seven years since its inception in 2010.

Subscribe to enjoy similar stories. Cement makers such as Nuvoco Vistas Corp., Birla Corporation and JK Lakshmi Cement are increasing their focus on premium products to lift margins as an alternative to price hikes in a push that analysts said would work for now but not in the long term as competition creeps into the premium segment. After the goods and services tax, or GST, rate on cement was rationalized in September, cement companies have refrained from raising prices to pass on the benefit of lower taxes to consumers, analysts said.

The question I am asked most often these days is whether there is an artificial intelligence (AI) bubble forming in global markets. Rather than offering my opinion, let me tell you some facts.Yes, I do have concerns. Especially if one looks at the US market.

Mint report, instead of using mergers and acquisitions to enter new geographies or acquire technology, the current playbook often involves buying other companies simply to scale faster.The report cited logistics services provider Delhivery’s acquisition of SpotOn Logistics, CarTrade’s purchase of Shriram Automall, Zomato’s takeover of Uber Eats India, and online travel portal Ixigo’s buys of Abhibus and Confirmtkt, all helping them “expand market share, build scale, and enter adjacent or complementary segments.”The idea, of course, isn't entirely new, although such activity slowed sharply during the long funding winter after Covid. In fact, many startups are following the path charted by ed-tech company Byju’s, once India’s most valuable unicorn.

Subscribe to enjoy similar stories. Things aren’t looking good for Harvard’s big bet on bitcoin. The nation’s oldest and richest university supersize its wager on the cryptocurrency last quarter, ramping up its holdings in iShares Bitcoin Trust ETF to nearly half a billion dollars.

Subscribe to enjoy similar stories. MEXICO CITY—Dozens of Mexico’s most dangerous prisoners, cuffed hand and foot, boarded army jets under heavy guard this year, a rogue’s gallery of cartel leaders responsible for smuggling tons of heroin, fentanyl, cocaine and methamphetamine to insatiable U.S. buyers.

Subscribe to enjoy similar stories. The board of India's stock market regulator will take up the most sweeping revision of regulations in decades spanning mutual funds, stock brokers and its own officials later this month, two people aware of the meeting's agenda said. The board will discuss bringing in new rules, updating outdated rules, and removing overlapping ones.

Subscribe to enjoy similar stories. NEW DELHI : Problems in renewal of visas for Chinese technicians have slowed the pace of buildout of India’s lithium-ion battery manufacturing factories for electric vehicles and energy storage, according to two people aware of the matter. The issues are happening despite bilateral relations between India and China having eased in the past few months.

Subscribe to enjoy similar stories. Corporate fundraising activity saw a significant revival in the September 2025 quarter. After a sluggish June quarter, which saw an 8.4% year-on-year decline, non-financial enterprises ramped up fundraising between July and September.

Subscribe to enjoy similar stories. The perception of safety in stock markets varies widely depending on the investor's risk tolerance, investment horizon, and market conditions. Safe investing often means managing risk through diversification, proper entry points, and a margin of safety rather than an absolute guarantee of no loss.

Subscribe to enjoy similar stories. India’s state-owned banks have raised concerns with the Reserve Bank of India (RBI) about the weaker transmission of rate cuts to deposits, with lending rates falling significantly faster and straining their balance sheets, according to three people familiar with the discussions. In a meeting with RBI officials about 10 days ago, ahead of the monetary policy outcome on 5 December, multiple state-owned bank chiefs raised concerns that the dominance of external benchmark-linked loans has ensured instant repricing of assets whenever the repo rate moves, said the three people cited earlier.

Subscribe to enjoy similar stories. WASHINGTON—The Trump administration canceled a slate of interviews set to start this week with a group of finalists to be the next chair of the Federal Reserve as President Trump again suggested he had made up his mind about who should lead the central bank. Trump’s team informed candidates that interviews scheduled for Wednesday with Vice President JD Vance had been canceled, according to people familiar with the matter.

Subscribe to enjoy similar stories. NEW DELHI: French spirits major Pernod Ricard India is sharpening its focus on premium alcohol, exiting the mass-market whisky segment even as it launches a new India-made brand aimed at consumers trading up. The company this week completed the sale of its Imperial Blue whisky, among India’s largest-selling mass brands, to Tilaknagar Industries.

Subscribe to enjoy similar stories. The AI chatbot Estée Lauder Companies built for its Jo Malone London fragrance brand has a uniquely difficult task. Unlike the current barrage of agentic stylists and shoppers tasked with picking outfits and hunting down deals, the “AI Scent Advisor" must spin everyday language into the intangible and totally nondigital experience of smelling.

CinemaCon 2024 in Las Vegas, actor Chris Hemsworth revealed that he felt “very intimidated” while working alongside Academy Award-winning actress Halle Berry in their upcoming film Crime 101. Hemsworth, 41, made the admission during promotional interviews for the Amazon Prime Video release, directed by Bart Layton and based on a novella by Don Winslow.

Europe and US are mulling opening overseas chapters of Prayagraj-based 'Ram Naam Bank' in their countries. On the occasion of Ram Navami on Sunday, the idea of opening a Ram Naam Bank was discussed among the devotees in Sweden. Nityanand Sharma, an IT Solution Architect, who works for a global furniture retailer in Sweden's Almhult and manages the affairs of a local temple there, said people were enamoured by the idea of a bank that propagates the name of Lord Ram. «The name of Lord Ram is powerful and effective enough to dispel doubts, fears and anxiety. That is why the concept propagated by Prayagraj-based Ram Naam Bank, of embracing the divine presence by writing his name 108 times a day in a booklet has many takers globally,» he said.

In 2022, 74 years after Shannon's proposal, ChatGPT appeared, which caught the attention of the public, with some even suggesting it was a gateway to super-human intelligence. Going from Shannon's proposal to ChatGPT took so long because the amount of data and computing time used was unimaginable even a few years before. ChatGPT is a large language model (LLM) learned from a huge corpus of text from the internet. It predicts the probability of the next word given the context: a prompt and the previously generated words.