UPS Financial News

DoT) has called on its enforcement units to alert all state police departments across India to clamp down on the rampant theft of critical network gear that has already triggered around Rs 800 crore of losses for telcos, disrupted 4G/5G expansions and impacted quality of mobile coverage. In a directive, dated May 27, the department has asked its field enforcement units in all licence service areas (LSAs) to also conduct quarterly reviews of the telecom gear theft situation with national law enforcement agencies. It also wants the matter to be taken up at upcoming state broadband committee meetings. The DoT directive comes after Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) recently sought the government’s intervention, saying they were facing huge losses and heavy additional replenishment costs amid rising incidence of network gear theft across India. They had pointed out that expensive active telecoms infrastructure gear such as remote radio units (RRUs) and base-band units (BBUs) were being regularly stolen since October 2023.

fixed deposits (FDs) have been in a sweet spot for a few years now. The interest rates of FDs had gone up and small finance banks (SFBs) were offering 9% to 9.5%, which in many cases were more attractive than the offerings of public and private sector banks. Many have opted for such FDs. But now these FD investors should take note of a development at a prominent player in the sector: Fincare Small Finance Bank, which used to offer 9.21% to senior citizens on FDs maturing in 750 days as on March 27, 2024, according to Paisabazaar.com, recently merged with AU Small Finance Bank, the largest SFB in the country in asset size. This is the first such merger in the small finance bank sector, and it came into effect on April 1, 2024. Now, customers should be aware of what will happen to the FDs they had opened in Fincare SFB before the merger? Will they be eligible for the deposit insurance protection of up to Rs 5 lakh, including principal and interest? Will the IFSC codes change after the merger? ET Wealth Online presents an FAQ on how the Fincare-AU Small Finance Bank merger will impact customers.

Delhi government will approach the Supreme Court on Thursday over Haryana not releasing the national capital's share of water, which has led to a crisis situation, Water Minister Atishi said. Addressing a press conference here, Atishi said Delhi is staring at an "emergency situation" and announced a slew of emergency measures to tackle the crisis. «We will approach the Supreme Court on Thursday itself over Haryana not releasing the share of Delhi's water,» she added. The minister said a central water tanker control room is being set up in the Delhi Jal Board (DJB) and it will be monitored by an Indian Administrative Service (IAS) officer.

Introducing Intel® Core™ Ultra ProcessorsIntel® Core™ Ultra processors shape the future of commercial computing in four major ways: Power Efficiency The new product line features a holistic approach to power efficiency that benefits mobile work. Substantial changes to the microarchitecture, manufacturing process, packaging technology, and power management software result in up to 40% lower processor power consumption for modern tasks such as video conferencing with a virtual camera.Artificial IntelligenceIntel Core Ultra processors incorporate an AI-optimized architecture that supports new user experiences and the next wave of commercial applications.

Exide Industries has gained the most, 59.5 percent, followed by M&M, Samvardhana Motherson, and Bosch, up over 40 percent each. Meanwhile, Bajaj Auto, Hero Moto, Ashok Leyland, Tata Motors DVR, Tata Motors, and Balkrishna Industries also jumped between 20 percent and 34 percent each.

The problem of climate change cannot be solved without capitalism. Governments have tried for more than three decades with little to show for it. And while more of them are now engaging partners in the private sector, the world is still lagging in deploying the full power of the market.

Stay up to date with our new daily update, The US in brief, and our presidential poll tracker. Read more of our coverage of the US elections of 2024. Admirers and detractors alike, however, struggle to predict specific policies Mr Trump might adopt. Even those close to him admit that, until he is in the room with the likes of Vladimir Putin, Xi Jinping or Prince Muhammad bin Salman, he may not know himself what he wants to do. The art of the deal, they claim, lies in personal dynamics.

₹79,497). Sunak took his expensive Tumi bag to one of the country's poorest areas during his campaign trial.Also Read: Rishi Sunak says 'don’t have to go to university to succeed in life', netizens react 'just marry billionaire'His backpack was monogrammed with his initials ‘RS’.

PPF account qualify for tax deductions under Section 80C of the Income Tax Act, providing additional financial benefits to investors. Third, it helps build a retirement corpus.The current PPF interest rate is 7.1%, which the government has maintained without alteration over recent years.

₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India's largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release.The IPO will consist of both a fresh issue of shares and an offer for sale made by existing shareholders.According to the company's filing, the Board of Directors of Hero FinCorp Limited, a subsidiary of Hero MotoCorp Limited, gave their consent to pursue an initial public offering route during a meeting on May 29, 2024."This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of ₹10 each comprising of a fresh issue of equity shares aggregating up to ₹40,000 million and an Offer for Sale of Equity Shares by certain existing and eligible shareholders of the Company," said Hero FinCorp in a filing.Also Read: Kronox Lab Sciences IPO to open on June 3; check GMP, price band, issue size, key dates, more.Hero FinCorp is a financial services organisation that provides a variety of services. Some of these services include loans for education, loans to small and medium-sized businesses, and financing for two-wheelers.

The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit.

LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.

In a stock exchange notice today (29 May), GABI said it was no longer «actively considering» a sale of its entire issued share capital at this time, despite receiving several approaches from third parties since the strategic review was announced in December.  The board said none of the potential offerors made a proposal at an attractive enough level. However, a sale of the trust's assets remains on the table after receiving a number of proposals, some of which remain under consideration by the board despite the conclusion of the strategic review. Shareholders approve discontinuation o...

Risk in the mortgage market has likely more than doubled since 2019, according to new research by the Canada Mortgage and Housing Corporation.

Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company's total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 crore in the last quarter of FY23.

Bigg Boss 17’ winner Munawar Faruqui recently posed for pictures with his alleged second wife Mehzabeen Coatwala In the photos, the couple looked very cheerful and smiling. In the photos shared by paparazzo photographer Varinder Chawla, Faruqui and Coatwala are seen cutting the cake. “First picture of #MunawarFaruqui & second wife #MehzabeenCoatwala cutting cake after their wedding goes viral!” While the ‘Lock Upp’ winner looked chic in a crisp white shirt, Coatwala appeared radiant in a purple salwar kameez. However, none of the couple has confirmed rumours of their nikah.

mutual funds have been among the top 10 winners in the last five years of the Modi government, data crunching by ETMutualFunds showed. Around 108 sectoral/thematic funds were in the market in the said period. Out of the top 10 sectoral/thematic funds, eight schemes were from the infrastructure sector. Infrastructure funds have offered an absolute return of up to 380% in the last five years of the Modi-led government. Quant Infrastructure Fund, the topper in the list, gave an absolute return of 379.75% in the last five years. Invesco India Infrastructure Fund delivered 282.53% in the said period.

Mumbai, Haryana Roadways, Assam ASTC, and many more. This sticker, which is NFC-enabled, requires no battery, no charge, no electricity, no internet and is also waterproof. You can make payments up to Rs 2,000 without a PIN and reload money on this sticker using the official app or any NCMC terminal like those found at Delhi and other metro recharge counters. This is because this NFC sticker's backend technology works using the RuPay network and since it is NCMC-enabled, it can work across the country at all National Common Mobility Card (NCMC) compatible metro, and bus networks.

gender diversity, and players in the IT segment were seen as becoming more successful in this endeavour. But the gap remains and sectors such as in deeptech have to take more steps to bridge it. A recent report by Pure Storage with Zinnov, “Towards a gender equitable world, unveiling diversity in deeptech,” analyses deeptech gender diversity from multiple angles. It shows that the global capability centres (GCCs) employ 1.66 million people and 466,000 are women — that is a 28% gender diversity representation.

Varun Beverages Ltd. traded at Rs 1459.0 on BSE at 10:05AM (IST) on Thursday, up 1.94 per cent. The stock quoted a 52-week low price of Rs 754.35 and a high of Rs 1560.3. Earlier in the day, the stock saw a gap up opening.

Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: