UPS Financial News

NEW DELHI : New Delhi: The union government is planning to set up dedicated labs for testing high-grade cotton in Maharashtra, Tamil Nadu, Haryana, Punjab, Gujarat and Karnataka as part of a push to establish the Indian Kasturi cotton as a global brand, two persons aware of the matter said. The labs would be set up in convergence with the Bureau of Indian Standards' (BIS) testing facilities, ensuring alignment with national quality standards.

The proposed strategy, called CG WTW Private Equity Access LTAF (PEAL), will invest in a range of private equity opportunities, including co-investments. WTW's defined contribution pension master trust, LifeSight, also agreed to allocate up to 5% of its LifeSight Equity default fund into private equity via the LTAF. The fund has received initial commitments of over £450m ahead of launch. Outgoing Schroders UK wealth head Doug Abbott: Retail LTAF will offer alternative route to private markets In addition to DC pension savers, the PEAL will also be available to other institutional i...

talent acquisition (TA) specialists, a report said on Monday. Fraudulent practices by candidates during online assessments have emerged as the biggest fear of the participants (39 per cent), followed by anxiety over finding the right candidate for a role (37 per cent), according to a report by AI-powered recruitment automation firm HirePro. The lack of effective tools to gauge specific skills has emerged as the next significant worry among 26 per cent of recruiters, it added.

Donald Trump becomes the first former U.S. president to face a criminal trial on Monday in a case involving hush money paid to a porn star that could keep him tied up in court for weeks and complicate his bid to win back the White House. Trump, 77, is required to attend the trial in Manhattan, which is expected to last through May. Jury selection is expected to take about a week, followed by witness testimony.

Goldman Sachs Group Inc.’s back-to-basics approach is paying off as it posted profits that vaulted past expectations.

Pine Labs. While Baron Funds hiked its valuation to $5.8 billion, Invesco has raised it to $4.8 billion as of December 2023, regulatory filings with the US Securities and Exchange Commission showed. Baron Funds had valued Pine Labs at $5.3 billion in September last year. On January 4, ET reported that Invesco had cut the valuation of Pine Labs to $3.9 billion as of October 31.

Motilal Oswal Financial Services on Monday said it plans to raise up to Rs 1,000 crore by issuing non-convertible debentures (NCDs) through public issue. The company proposes to raise through the Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 500 crore (Base Issue Size), with a green shoe option of up to Rs 500 crore, cumulatively aggregating up to Rs 1,000 crore. There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options.

The Employees’ Provident Fund Organisation (EPFO) has streamlined the process of transferring provident fund (PF) account for employees when they switch jobs. Now, you don’t need to request your previous employer to transfer PF balance from your old account to the new account opened with the new company.

If you’re considering buying your dream home and need a home loan, it’s important to compare interest rates offered by various banks. Interest rate is one of the key factors for every loan borrower.

Focusing on promoting entrepreneurship in India, Zerodha co-founder Nikhil Kamath on Monday launched a non-dilutive sector-agnostic grant fund WTFund. The new fund will back entrepreneurs aged 25 and under with the potential to “revolutionize their industries through innovative ideas and compelling visions,” WTF said in a statement.

The Indian real estate sector will grow over three times to reach an estimated USD 1.5 trillion by 2034, constituting 10.5% of the total economic output by then, according to a joint report by Knight Frank India and CII.

Fixed deposits (FDs), also known as term deposits or time deposits, are considered a much safer investment tool. Banks and other financial institutions allow customers to put a certain amount of money in fixed deposits for a set period and earn guaranteed returns at a fixed interest rate.

Two non-bank lenders, Bajaj Finance and Shriram Finance, have recently hiked interest rates by up to 60 basis points (bps) on their fixed deposits (FDs) for various maturity tenures.

By Sudhir Kaushik

The thriving city of Gurugram is well known for its world-class infrastructure and modern amenities. Among the infrastructural projects, the Southern Peripheral Road has emerged as a hotbed, bringing a plethora of lucrative real estate opportunities. From Grade A office spaces and retail shops to mixed-use developments, the Southern Peripheral Road offers multiple investment avenues. Thus, the 16 km-long expressway in New Gurugram positions itself as an up-market location, attracting end-users and investors alike.

Benchmark NSE Nifty closed 246.91 points down at 22272.5 amid selling in frontline bluechip counters.

Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says top-line growth is slowing; we already have peak profit margins and drivers of profit margins are absent which can expand profit margins from here and then you question that if earnings growth is going to be 12% to 14%, why would you pay 23 times or in midcap 28 to 40 times earnings multiples? Those expectations will have to be recalibrated and possibly the markets will do that over the next 12 to 24 months.” What is your market outlook in terms of equity markets in India? The smallcap and midcap indices were getting a bit frothy and the overall clamour was that it is safer to be in largecap stocks. Is that what you are changing your product portfolios to be in terms of what you are recommending to your clients? Sahil Kapoor: When you look at the broader universe, small and midcaps appear slightly more expensive compared to largecaps on a relative basis.

₹120 per share, with a face value of ₹10. 1,200 shares make up the IPO lot size for Grill Splendour Services Ltd. According to the prospectus, the company is a chain of upscale bakeries and patisserie with 17 retail locations, a centralised manufacturing plant, and a number of corporate clients.

The proposed strategy, called CG WTW Private Equity Access LTAF (PEAL), will invest in a range of private equity opportunities, including co-investments. WTW's defined contribution pension master trust, LifeSight, also agreed to allocate up to 5% of its LifeSight Equity default fund into private equity via the LTAF. The fund has received initial commitments of over £450m ahead of launch. Outgoing Schroders UK wealth head Doug Abbott: Retail LTAF will offer alternative route to private markets In addition to DC pension savers, the PEAL will also be available to other institutional i...

ALSO READ: Could Jupiter's icy moon support life? NASA's new mission explained in 5 points A detailed inspection of the new Webb image has revealed that this red glowing dust is associated with hot plasma. “M82 has garnered a variety of observations over the years because it can be considered as the prototypical starburst galaxy," Alberto Bolatto, team leader and University of Maryland researcher, said in a statement.

Kieron Pollard said that he doesn't think that the criticism is affecting Hardik Pandya's confidence and the MI captain is working hard on his skills. The explosive batter asked the IPL fans to encourage players to make sure that we can get the best out of them. "I don't know if it will affect his confidence.