UPS Financial News

Cyclone Remal has killed 27 people in various areas, including Melthum, Hlimen, Falkawn, and Salem Veng, within the state capital, Aizawl.According to the Directorate of Information, Public Relations (DIPR), Mizoram, “27 bodies have been found so far as search and rescue operations continue, with State Disaster Response Force personnel teaming up with Melthum Local Council and YMA."As reported by PTI, Chief Minister Lalduhoma has announced a State Disaster Relief Fund (SDRF) allocation of ₹15 crore and extended ₹4 lakh as ex-gratia for the deceased.He, alongside DM&R Minister K Sapdanga, will provide ₹2 lakh to the families of the deceased in Hlimen, with the remainder to be disbursed later, following SDRF guidelines. Both officials, accompanied by government representatives, were present at Melthum to assess the situation firsthand.Also Read: Imphal inundated, landslides and flashfloods in Meghalaya, Orange alert in Tripura: Aftermath of Cyclone RemalPower and Electricity (P&E) and Public Health Engineering (PHE) departments have issued notices stating that electricity and water supply will be stifled until further notice as landslides and floods have damaged electric lines and water pumps.According to reports from Mizoram DIPR, the cyclone's toll stands at 14 fatalities in Melthum, 4 in Hlimen, 3 in Salem, 2 each in Falkawn and Aibawk, and 1 each in Lungsei and Kelsih areas within Aizawl district.

bhai essentially gave me the football sense and shaped me into the player I am today. I’ll always be thankful to him and Mumbai FC’s academy set up," Rane says. “I spoke to him after the final and he simply asked me to come join him at Jamshedpur FC (an ISL club where Jamil is currently the coach) next season," he says, laughing.

₹1,59,990, the Zenbook Duo offers fantastic value. The top-end variant, which I reviewed, maxes out at ₹2,39,990. Nonetheless, it’s a good price for a laptop of this stature.

The project stands to revolutionize how data is accessed, utilized, and secured, boldly challenging the centralized industry giants that have dominated the AI lifecycle

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China's growth this year to 5%, from 4.6% previously, due to «strong» first quarter figures and recent policy measures.

Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.

Indo-China war sparked a political debate on Tuesday with the Bharatiya Janata Party (BJP) calling it a “brazen attempt at revisionism".“In October 1962, the Chinese allegedly invaded India," Aiyar was heard narrating an anecdote as quoted by a purported video of an event at the Foreign Correspondents Club on Tuesday evening.However, he later apologised for using the word “alleged" in a brief statement. “I unreservedly apologise for having mistakenly used the word 'alleged' before 'Chinese invasion' at the Foreign Correspondents Club this evening."BJP leader Amit Malviya slammed the Congress over Aiyar's remarks on the Chinese invasion.

₹3,000 crore, including a green-shoe option to raise up to ₹1,500 crore more.The late-stage fund, which will focus on large-cap investments in private markets, intends to make 10-12 investments, with an average ticket size of ₹200-300 crore each, Avendus said in a statement on Wednesday. The fund will target sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing."With Avendus Future Leaders Fund III, our approach remains straightforward - harnessing the vast potential of late-stage private opportunities while co-opting the existing financial sponsor ecosystem," said Ritesh Chandra, managing partner, Avendus Future Leaders Fund.

Khosla ka Ghosla. In real life, too, it’s not uncommon to uncover issues related to properties after you’ve seemingly made a rightful purchase. Sometimes a property is sold twice, to different parties, or the title deed is not clear, or relatives might come into the picture.

Investors are increasingly allocating more money to thematic funds, a category with 161 schemes having assets under management of Rs 3.06 lakh crore as of April. WHAT ARE THEMATIC FUNDS? Thematic funds are a category of equity funds which invest at least 80% of total assets in stocks of a particular theme. Some popular themes launched by fund houses in the last few years are public sector undertakings (PSU), infrastructure, MNC, business cycle, and manufacturing funds. For example, a PSU fund has a portfolio of PSU stocks like NTPC, Power Grid, SBI, HPCL, Hindustan Aeronautics, Bharat Electronics etc. A manufacturing fund will own companies in sectors like capital goods, engineering, cement, materials etc and exclude sectors like IT and core banking.

Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing the security in case SP Group defaults. «As is publicly known, Tata Sons' shares are not freely transferable,» said Tata Trusts chief executive Siddharth Sharma in response to ET's emailed queries on the Trusts' legal position on the matter.

spending limits on online and real money games to tackle gaming addiction among children and young adults, sources told ET. A consensus on this method, which has also been adopted in China, emerged in the recent internal meetings of the ministry of electronics and information technology during which various aspects of the Information Technology Rules of 2021 were discussed.

fuel car purchases in May. “During the peak heat hours from 12 pm to 4 pm, it feels like the showroom is closed. Only customers with planned deliveries are coming in," said Vinkesh Gulati, director of United Automobiles, which runs 12 passenger vehicle and two-wheeler showrooms in the National Capital Region and Eastern Uttar Pradesh.

equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.

Mint looks at the scenario: The agriculture ministry said in February that it expects a harvest of 112 million tonnes (mt) in 2024.That’s a record. However, this is only a tad higher than the 2021 crop, estimated at 110 mt. In 2022 and 2023, climate shocks— including heatwaves and untimely rains—impacted production, leading to a drawdown of public stocks.

Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.

Difacto Robotics and Automation has secured Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first financing round. Ajay Gopalswamy, founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.

deal tenures for India’s over $250-billion outsourcing industry. At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.

Emkay Investment Managers expects the Nifty to reach 24,500 levels by 2024-end and has set a target of 26,500 on the index by end of 2025. The Nifty closed at 22,888 on Tuesday. Manish Sonthalia, chief investment officer at Emkay Investment Managers, suggested investors to follow a multi-cap approach with equal proposition in large-caps and mid-caps to take advantage of a broad-based growth in Indian equity markets.

FY25 capital expenditure outlay by 8-10% from the ₹11.11 lakh crore allocated in the vote on account when the full budget is presented thanks to better-than-expected tax revenue and a record surplus transfer by the RBI to the government. «Both tax and non-tax revenue are expected to be better,» a senior official told ET. «Additional surplus transfer from RBI provides enough headroom to spend more.» Finance minister Nirmala Sitharaman presented an interim budget in February as this is an election year. The results will be declared on June 4. The full budget is expected to be announced about a month after the new government is formed.