UPS Financial News

Indian stock exchanges NSE and BSE will remain closed for trading today (Wednesday( on account of Maharashtra Day. Meanwhile, the country's largest commodity market, the Multi Commodity Exchange of India (MCX), will see no trading in the morning session between 9 am and 5 pm but will resume trading in the evening session between 5 pm and 11:30/11:55 pm. As for the non-agri commodity exchange National Commodity & Derivatives Exchange (NCDEX), it will also remain shut in both the sessions.

NEW DELHI : Services sector raced ahead in company registrations in the just-ended financial year, reflecting the rapid formalization of a segment with few entry barriers. While services accounted for 71% of the 185,300-plus new companies registered in FY24, industry made up less than a fourth, while the farm sector accounted for about 6%.

AET Displays, part of China’s Guangda Group, plans to invest Rs 200 crore in India over the next 12-18 months to expand manufacturing, strengthen local supply chain and after-sales service network, a top executive said. The LED screen maker has an assembly facility in Chennai and is currently sourcing up to 55% of its components for some products from Indian suppliers, said Su Piow Ko, vice president of AET Displays.

DLG) to investors, as it furthers scrutiny on the digital lending sector. The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and LendenClub.

RBI) has cautioned banks about gold loan disbursals being made through fintech startups, according to people familiar with the matter. The central bank has flagged “concerns with the evaluation process” by these banks and fintechs, especially in cases where the gold is sourced through field agents of companies, one of the persons said. “The regulator has verbally expressed its concerns to a set of banks regarding this and asked them to take corrective actions immediately,” said another person. Rupeek, IndiaGold and Oro Money are a few of the major players that source gold loans for banks.

IT sector has pushed recruiters to bank on other industries like manufacturing, retail and auto, amongst others, to make up for lost IT business. The development has effectively swivelled the job market 180 degrees from an employee's market to that of the employer. “About 18 months ago, 80% of our placements were from the IT sector; now it is 40%," said Alok Kumar, president of Manpower, a subsidiary of recruitment firm ManpowerGroup.

Statistics Canada is predicting gross domestic product growth will be flat in March after data released Tuesday showed the Canadian economy slowed more than expected in February.

The Canadian economy lost momentum in February as it grew at a slower pace than both analyst expectations and Statistics Canada’s previous prediction, increasing the pressure on the Bank of Canada for a potential interest rate cut in mid-2024.

Starbucks is reporting weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets

U.S. stocks closed out their ugly April with even more losses, cementing the market’s worst month since September

As Canada is braces for another record wildfire season, the climate crisis is bleeding into another major challenge facing Canadians — housing.

Binance founder and former CEO Changpeng 'CZ' Zhao was sentenced to four months in prison in a Seattle courthouse on Tuesday, the AP reported.

Izabel Pakzad’s directorial debut “Find your Friends” will have a star studded cast. It has also been learnt that the production has been wrapped up recently. Cast

Tron series is back after more than 14 years. After Tron: Legacy released in 2010, its sequel Tron: Ares is now in the news. It is all set to release next year. The original Tron series was released four decades back. Storyline

Robert McCall, a former Marine and DIA agent, as he battles it out against the Russian mafia running a human trafficking ring. While part 3 met with huge success, it left fans wondering whether there would be a sequel. Denzel Washington had stated at the Cinemacon in 2023 that it was the end and it is highly unlikely that part 4 is happening.

JSW Energy, Jindal Power, Adani Power, Swan Energy, Vedanta, Coal India and NTPC are among 26 companies that have shown interest in acquiring debt-ridden 1,800 MW KSK Mahanadi power project. People aware of the development told ET that some funds have also shown interest in acquiring the plant, which is undergoing a fresh round of auction under the insolvency process. The National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round of bidding. The total claim of lenders on the project is pegged at about Rs 32,000 crore. These companies have given 'expressions of interest', which were to be submitted by April 26 and the timeline to give a resolution plan by the interested parties is June 18, according to the timeline set by resolution professional Sumit Binani.

ICC T20 World Cup out of the way here and now. Rinku Singh can consider himself the unluckiest cricketer on the planet. He is, by some distance, India’s most destructive finisher. That job is arguably the toughest in T20 cricket. In 15 T20Is, Rinku averages 89 and scores at a strike rate of nearly 177. Additionally, he is the only player to hit five sixes in the final over a T20 chase, when he won the unlikeliest of games for the Kolkata Knight Riders against the Gujarat Titans in 2023.

In this article, we delve into the realm of ice-making excellence to present you with the top 5 ice makers on the market. From compact countertop wonders to robust machines designed for commercial use, we've curated a selection that caters to every need and preference. Say goodbye to lukewarm drinks and hello to icy perfection!

heatwave conditions could impact farm output and push up inflation by about 30-50 basis points, economists said. Vegetable prices, already witnessing a spike, are likely to keep inflation elevated till June, when a normal monsoon provides some reprieve. «The impact of the heatwave will be most apparent in perishable food varieties, especially vegetables, which is one of the most volatile parts of the inflation basket and has consistently punched above its weight in FY24,» said Radhika Rao, executive director and senior economist, DBS Group Research.

Indus Towers posted net profit of ₹1,853 crore for the quarter ended March 2024, up 32.4% from the quarter ended March 2023, where it recorded profits of nearly ₹1,400 crore. The country’s largest telecom tower provider’s revenues rose 6.5% to ₹7,193 crore in the same period, up from ₹6,753 crore the year before. Consolidated earnings before interest, tax, depreciation and amortisation was at ₹4,103 crore, up 19% on-year, representing an operating margin of 57%, the company said in a statement Tuesday.

, Samsung India provided a first glimpse of the upcoming Galaxy F55 5G. The post not only confirmed the vegan leather finish but also hinted at a triple-camera setup. The leather finish appears in a striking orange shade with two vertical stitch-pattern lines, giving the phone a unique aesthetic.