UPS Financial News

At the time of reporting, the FTSE 100 stood at 8,684.7, down slightly from 8,697.2 earlier today, according to data from the London Stock Exchange.  The index as a whole is only marginally up 0.2% from Tuesday's (25 March) closing values. Spring Statement 25: OBR fiscal outlook has 'deteriorated' since October as it delivers 'grim' economic forecast Its FTSE 250 peer is currently priced in at 20,076, slightly lower than the 20,103.4 posted before Reeves' speech in parliament today. It now is 0.42% up since Tuesday's close.  The FTSE All-Share also dipped slightly from 4,695.1 e...

the Atlantic on Wednesday released the entire Signal chat among senior national security officials. The 'leaked' group chat shows Trump's Defense Secretary Pete Hegseth provided the exact timings of warplane launches and when bombs would drop against Yemen’s Houthis this month on behalf of the United States.

Why is this happening? The company has struggled to keep up with the shift towards digital game purchases and streaming services. Physical game sales, once its bread and butter, are in decline. Instead of adapting fast enough, GameStop has found itself losing relevance in an industry that’s rapidly evolving.

Finance Minister Rachel Reeves cut the government's plans for spending increases to get back on track towards her fiscal targets, restoring the 9.9 billion-pound ($12.77 billion) headroom against her fiscal rules that had been wiped out by lower growth and higher borrowing costs.

IT services company Happiest Minds Technologies announced strategic changes to strengthen products, software-as-a-service (SaaS) and a soon-to-be launched healthcare-as-a-service (HaaS) solutions. On Wednesday, shares of Happiest Minds Technologies touched a 52-week low for the second consecutive day to reach Rs 620.20 on the BSE, before ending slightly higher at Rs 624.10 per share. At a press conference around a month before its fourth quarter and full year earnings the Bengaluru-headquartered company said it has drawn up plans to expand its business to the private equity (PE) ecosystem, global capability centres (GCCs) and a strategy to focus on high potential large accounts.

Supreme Court on Wednesday directed all states and union territories to set up a grievance redressal mechanism for addressing complaints against misleading advertisements that «can cause great harm to society.” A Bench comprising Justices Abhay S Oka and Ujjal Bhuyan said that the 1954 Act against misleading advertisements of medicinal or other such products is more than 70 years old, it is yet to be properly implemented in its „letter and spirit“. It asked the state governments to create grievance redressal mechanisms in two months so that members of the public can lodge complaints about the objectionable advertisements prohibited under the Act, the court said, adding the grievance mechanism may provide for making complaints either on a toll free number or by email. “As soon as complaints are received, the same shall be immediately forwarded to the concerned officers to take action under the said provision. If the officer finds that there is a contravention, he shall lodge a complaint with the jurisdictional police station so that FIR is registered and criminal law is set in motion,” the court said. It asked the states to appoint in one month an adequate number of gazetted officers that have the power to search and seize any advertisements which have contravened provisions of the 1954 Act, which prohibits misleading advertisements.

Tesla might be dominating the EV market, but a new player has entered the arena—one that has the backing of Tesla’s original co-founders. Telo Trucks, a startup focusing on compact electric pickups, has caught the attention of Martin Eberhard and Marc Tarpenning, the very men who co-founded Tesla before Musk took over. With a fresh approach to electric utility vehicles, Telo Trucks’ MT1 mini pickup is designed for urban dwellers and adventure seekers alike. But with Tesla already facing mounting issues with its Cybertruck, could this be yet another headache for Musk?

Wipro, India's fourth largest IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group, the company said on Wednesday, announcing its second mega deal this financial year. Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider. The latest deal is for Phoenix Group's ReAssure business where Wipro will work on life and pension business administration.

Subscribe to enjoy similar stories. Gurugram: It all began with an unassuming poster, pinned to a wall at a local Bandra library during the pandemic: “Tired of Zoom classes? Presenting Comini Learning Pods." It led curious parents to Priyanka Rai and Sai Gaddam, who had then just moved to Mumbai and were looking for alternative schooling options for their own children. As they began to speak to interested parents, the idea of a learning pod (where a small group of children learn together) turned into something bigger but small enough to suit their needs: Comini Microschool.

Rajiv Gauba as full-time member of NITI Aayog with immediate effect and Sanjay Kumar Mishra, the former head of Enforcement Directorate, as the full-time member of the Economic Advisory Council to the PM (EAC-PM). Both these appointments were notified on Tuesday. While Gauba is the retired 1982-batch IAS officer from the Jharkhand cadre who served as a cabinet secretary for five years from 2019 to 2024, Mishra is a 1984-batch Indian Revenue Service (IRS) officer from Uttar Pradesh. “NITI Aayog welcomes Shri Rajiv Gauba. His vast experience and excellence in public administration will be pivotal in spearheading policy-making and implementation,” the Aayog tweeted on Thursday. Gauba will join the league of four existing full-time members of the Aayog including VK Saraswat, VK Paul, Ramesh Chand and Arvind Virmani. While the prime minister is the chairman of the Aayog, Suman Bery is the vice chairman of the Ayog which was set up in 2015 replacing the erstwhile Planning Commission. With the appointment of Mishra, the EAC-PM will now have three full-time members, the other two being Sanjeev Sanyal and Shamika Ravi. The other part-time members of EAC-PM include Rakesh Mohan, Sajjid Chinoy, Neelkanth Mishra, Nilesh Shah, TT Ram Mohan and Poonam Gupta.

Jennifer Lopez started afresh with her new residence after her divorce from Ben Affleck. Lopez, aged 55, made a major purchase of a $18 million Los Angeles property to live with her 17-year-old twins, Max and Emme. The house purchase takes place after Lopez and Affleck finalized their divorce in a respectful manner.

Tribhuvan Sahkari University' in Gujarat's Anand with an aim to create a qualified manpower for co-operative societies. The university has been named after Tribhuvandas Kishibhai Patel, who was one of the pioneers of cooperative movement in India and instrumental in laying foundation of Amul, Minister of Cooperation Amit Shah said during a debate on the «Tribhuvan» Sahkari University Bill, 2025.

Medium-Term Government Deposit (MTGD) and Long-Term Government Deposit (LTGD) components of the Gold Monetization Scheme (GMS), effective March 26, 2025, as per an Reserve Bank of India (RBI) press release as on March 25, 2025.

Bharat Forge Limited and Tata Advanced Systems Limited to enhance the Indian Army’s artillery capabilities. These deals, worth approximately Rs 6,900 crore, will provide the Army with 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6x6 Gun Towing Vehicles. The signing ceremony took place on 26 March 2025 in New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh. With this procurement, the MoD’s total capital contracts for the financial year 2024-25 have reached Rs 1.40 lakh crore. The event also saw the Defence Secretary felicitate the Project Director of ATAGS from the Defence Research and Development Organisation’s (DRDO) Armament Research and Development Establishment, Pune, in recognition of his role in the project’s success.

Subscribe to enjoy similar stories. Whether giving up the Google Tax will get India reprieve in the tariff war that US President Donald Trump has promised to unleash on the world at large remains to be seen. The Google Tax, officially, an equalization levy on foreign service firms, does not generate much revenue.

Subscribe to enjoy similar stories. Chinese equities have been out of favor among many investors for the past few years. However, the tide appears to be turning, driven by strong corporate profits, enthusiasm over artificial intelligence and an apparent easing of regulatory pressure from Beijing.

Kolkata Knight Riders (KKR) and Rajasthan Royals (RR) are eager to bounce back when they face each other today (26 March) in the IPL.

Indian rupee closed marginally higher on Wednesday following a choppy trading session, influenced by maturity of positions in the non-deliverable forwards market, exporter activity, and mild dollar sales from foreign banks. The rupee ended at 85.7050 against the U.S. dollar, slightly higher from its previous close at 85.7550. The local currency hovered between 85.89 and 85.6850 through the session.

The retail portion of the issue was subscribed by 2.47 times, while the issue was subscribed by 4.06 times in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

While hiring policies and diversity initiatives have led to higher female participation, career progression for women remains sluggish, particularly at senior levels, found the report, Gender Parity—Shaping Workforce Equity, that analyses workforce trends across global capability centres (GCCs), IT services, and tech roles in non-tech industries. “While we celebrate the growing presence of women in tech contractual roles, we must recognise that achieving true gender parity requires sustained efforts and a multifaceted approach that transcends hiring more women,” said Neeti Sharma, chief executive of TeamLease Digital.