UPS Financial News
02.04 / 12:45
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Fed up with situationships, Gen Z is ready to commit
Subscribe to enjoy similar stories. Over dinner on a recent spring evening, Rachel Green listened patiently as her friend droned on about needing a permanent job. Then she erupted.
02.04 / 12:45
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security
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Parliament approves Immigration and Foreigners Bill with Rajya Sabha nod
Parliament approved the the Immigration and Foreigners Bill as the Rajya Sabha gave its nod on Wednesday. The bill was passed in the Lok Sabha on March 28, with Home Minister Amit Shah asserting that while India welcomes individuals coming for business, education, and investment, those posing a threat to national security will face stringent action. During the debate in Lok Sabha, Shah had emphasised the bill is crucial for enhancing national security, boosting the economy, and promoting India's global standing in education. He noted that it will also help universities gain international recognition and strengthen the manufacturing and trade sectors. Shah explained that the legislation aims to ensure the country has up-to-date information on every foreigner visiting India, stating, «immigration is not an isolated subject; it is directly linked to various other issues. This bill will ensure close monitoring of everyone who visits India-why they visit and how long they stay.»
02.04 / 12:45
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Robert Kiyosaki predicts silver prices will double in 2025, calls it the hottest investment
silver prices would double this year, calling the metal the «hottest investment today» due to strong demand and limited supply. In a post on microblogging site, X (formerly Twitter), Kiyosaki pointed to silver's current price of $34 an ounce, noting that it remains 60% below its all-time high. «I predict silver will rise 2X this year to at least $70 an ounce,» he wrote, adding that he recently bought more silver from the Republic Monetary Exchange.
02.04 / 12:45
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Intuit
reports
How Tally Solutions, bookkeeper to India’s MSMEs, is harnessing AI in its software
Subscribe to enjoy similar stories. Bengaluru: In the dying days of 2024, Bench Accounting, a Canadian software-as-a-service (SaaS) startup that offered accounting and tax reporting services to small and medium-sized businesses, went belly up. Given its high-profile backers, the shutdown came as a shock.
02.04 / 11:23
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V-Mart Retail exits FY25 in style, but competition threat lingers
Subscribe to enjoy similar stories. Investors in V-Mart Retail Ltd shares appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year. V-Mart’s shares shot up over 10% on Wednesday.
02.04 / 11:23
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Trump attorney studied options for third presidential term
Subscribe to enjoy similar stories. WASHINGTON—Donald Trump’s attorney Boris Epshteyn made a bold assertion during a meeting in late 2023: Trump wouldn’t necessarily be limited to two terms in office. Speaking to an associate in October 2023 in downtown Washington, Epshteyn pushed back on the notion that Trump would be a lame duck if he won the election in 2024.
02.04 / 11:21
markets
UPS
reports
Raspberry Pi's profits fall over 50% after 'transformative year' for the company
The Cambridge-based company reported profits before tax of $16.3m, a drop of 57% from 2023's £38.2m. Its revenue also dropped 2% to $259.5m from $265.8m, while its gross profits fell 4% from $66m to $63.2m. Raspberry Pi confirms London listing Raspberry Pi floated on London's stock market in June last year, raising £143.1m in its public listing and it was bumped up to the FTSE 250 in September 2024. Since then, the FTSE 250 addition has been subjected to shorts by asset managers and hedge funds, with both JP Morgan Asset Management and Ennismore Fund Management currently holdi...
02.04 / 10:55
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Sensex rises! But these stocks fell 5% or more in Wednesday's session
On the BSE, Punjab Sind Bank(down 12.23 per cent), Sainik Finance(down 11.33 per cent), Central Bank(down 10.87 per cent), Franklin Leasing & Finance(down 10.00 per cent) and Mediaone Global Entertainment(down 9.98 per cent) stood among the top losers in today's trade.
02.04 / 10:55
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Sensex rises! These stocks surged over 5% on BSE
Equity benchmark Sensex ended the session up 592.93 points at 76617.44.
02.04 / 10:55
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There’s surplus liquidity in the system but why is it not reflecting in credit growth? Devang Shah answers
Devang Shah, Head, Fixed Income, Axis MF, says RBI has infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs and this liquidity injection is very positive and near-term liquidity problems may get sorted out. In fact, Shah’s assessment is that from here till September, we will see a positive banking liquidity and a positive durable liquidity to upwards of around Rs 2-3 lakh crore. Now they will probably have to start looking at some bit of absorption of liquidity because liquidity should be in a decent surplus. We are looking at surplus liquidity coming into the system for the first time by the Reserve Bank of India. Do you think markets should now stop complaining? There is surplus liquidity in the system. Devang Shah: You are absolutely right. Last year, after the entire forex intervention and significant currency leakage, durable liquidity as well as banking liquidity, both had turned negative. If you look across from June to September 2024, post the RBI dividend declaration, we were in significant surplus liquidity. From there, we went into a massive deficit liquidity. Again, thanks to all the proactive measures which RBI collectively put together including tools like CRR, VRR, OMOs, as well as this entire facility on FX, RBI must have infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs.
02.04 / 10:13
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Hyderabad’s top doctor shares his ‘tax-free' income of 2024-25. You will be inspired
Apollo Hospitals, Hyderabad, took a unique approach—he shared his ‘tax-free earnings’ for the year 2024-25. Unlike financial figures, his earnings were measured in kilometers and hours of fitness activities, leaving many inspired. Taking to social media, Dr. Sudhir Kumar revealed the statistics of his physical fitness journey. He shared that he ran a total of 1,548 kilometers and walked 1,166 kilometers over the year. Additionally, he dedicated 60 hours and 19 minutes to strength training. Breaking it down further, he maintained an impressive daily average of 7.4 kilometers of running and walking combined, while his strength training averaged 5 hours per month. Reflecting on his progress, Dr. Kumar noted that while he was satisfied with his overall fitness achievements, he aimed to improve his strength training routine in the new financial year.
02.04 / 09:43
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Hyundai
stage
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Maruti, Hyundai split on electric car future; petrol, diesel cars may be phased out from Delhi roads
Maruti Suzuki, believes electric vehicles (EVs) will take time to gain mass adoption, as customers still see them as secondary cars and remain concerned about public charging infrastructure, battery range, and post-sales support. However, Hyundai, the country’s second-largest carmaker, takes a different view, expecting EV sales to nearly double to 5% of total car sales by FY27 from an estimated 2.7% in 2024-25. This comes at a time when the central government is actively discussing plans to phase out petrol and diesel vehicles in Delhi-NCR in a bid to tackle air pollution. However, the comments were not based on reports that government is discussing phasing out fuel vehicles. Maruti has been among the slowest large carmakers to launch EVs, and its doubts about their mainstream acceptance persist. “EVs sold today are not primary cars, but rather secondary. Till the time we don't solve customer concerns on range, charging infrastructure and post-sales, buyers will not have confidence. EVs will remain a secondary car, where numbers will not grow fast,” TOI quoted Partho Banerjee, senior executive officer (marketing & sales) at Maruti Suzuki, as saying.
02.04 / 09:03
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Culture is the most important aspect of how you run a GCC: Tesco’s Sumit Mitra
Subscribe to enjoy similar stories. BENGALURU : Tesco Plc, one of the UK’s largest retailers, was rocked by an accounting scandal and reported its worst annual loss in 2015. Its cash coffers were nearly empty, and there was a need to transform the business to get more cash.
02.04 / 09:03
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politician
Why Islamists in the Arab world speak the language of free markets
Subscribe to enjoy similar stories. A POLITICIAN promised to open his poor country for foreign investment and wean it off aid, while Tony Blair nodded sagely. Standard fare for Davos—except that two months earlier the politician, Asaad al-Shaibani (pictured), was a member of a jihadist group blacklisted by the UN.
02.04 / 09:03
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Brazil looks like a winner in the global trade war
Subscribe to enjoy similar stories. SÃO PAULO—In the unfolding global trade war, Brazil is betting it has some distinct advantages. Chinese buyers are already stockpiling Brazilian soybeans as Beijing retaliates against President Trump’s tariffs with levies on U.S.
02.04 / 08:31
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FIIs yank Rs 10,000 crore from Indian stocks before Trump tariff bomb detonates. Are you prepared?
“The element of uncertainty regarding reciprocal tariffs is expected to decrease with the tariff declaration today. However, considering Trump’s flip-flops on tariffs in the past, the uncertainty is likely to persist beyond today,” says Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
02.04 / 08:31
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NBFCs offer strong entry point after recent pullback: Rohit Srivastava
«Both the daily and weekly RMI momentum indicator that we use are giving bullish signals. So, there is no doubt right now that the markets are going to weaken further,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. With this new series, a lot of volatility already kicking in. There are big events lined up, Trump announcements as well as RBI monetary policy. But overall, how is the trend shaping up for you when it comes to benchmark indices? Rohit Srivastava: So, if you are just looking at the Indian indices and try to discount it without letting too much of the news flow affect you, then the trend is pretty much positive.
02.04 / 07:11
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Citi
Gap
trends
Department
Mumbai circle rate revised; property prices increased at CAGR of 3% in 10 years
Subscribe to enjoy similar stories. The Maharashtra government has increased ready reckoner (RR) rates for FY26 after a gap of two years. RR rates, also known as circle rates, are the state government's estimates of the minimum property prices in an area.
02.04 / 07:11
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Crypto prices today: Bitcoin tops $84k ahead of US tariffs, altcoins trade mixed
Markets are bracing for details of new reciprocal tariffs set to be unveiled at 1:30 a.m. IST, which could take effect immediately. Trump has already imposed tariffs on aluminum, steel, and autos, alongside increased duties on Chinese imports—moves that have rattled financial markets amid fears of an economic slowdown.
02.04 / 07:11
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IPO
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country
reports
Weikfield Foods to pivot to ready-to-eat mixes to target younger customers; plans acquisitions and IPO
Subscribe to enjoy similar stories. Mumbai: Weikfield Foods, known for its custard, jelly mixes and baking powder, will produce more ready-to-eat products for the convenience-seeking younger generation of customers, look for acquisitions to boost growth, and come out with an IPO to fund its expansion plans, CEO and managing director Ashwini Malhotra told Mint in an interview. The company’s ready-to-eat custard, launched a few years ago, is gathering momentum and is one of its first game-changing products, he said.
02.04 / 05:59
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Sensex rises! These stocks are up over 15% on BSE
Cybermate Info(up 18.11%), VMV Holidays Ltd.(up 17.90%), Radhe Developers(up 17.76%), Josts Engineering (up 17.05%), Sharp Investments(up 15.78%) and Keynote Financial(up 15.20%) were among the stocks that surged over 15%.
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