UPS Financial News

Reliance Industries Ltd. has paused further purchases of Venezuelan crude after US President Donald Trump authorized a 25% tariff on countries buying the South American country’s oil. India’s largest privately owned refiner is expected to take delivery of a cargo of Merey crude that’s currently en route from Venezuela, but additional buying has been put on hold, according to people familiar with the situation, who asked not to be identified because the matter is sensitive. Reliance secured waivers from the US last year to resume importing crude from Venezuela, and Kpler estimates the refiner has taken 6.5 million barrels since the start of the year. Trump’s executive order on Monday, however, will target any nation taking Venezuelan oil with “secondary” tariffs, with effect from April 2.

Supreme Court on Wednesday directed the states and union territories to create a grievance redressal mechanism against misleading advertisements that «can cause great harm to society». A bench of Justices Abhay S Oka and Ujjal Bhuyan said state governments should create such mechanisms for members of the public to lodge complaints about objectionable advertisements prohibited under Drugs and Magic Remedies Act, 1954.

Jeffrey Goldberg said on March that he was accidentally added to a group chat with top members of the Trump Administration, as they discussed plans to attack the Houthis of Yemen earlier this month. Goldberg, the editor-in-chief of The Atlantic magazine, detailed the events in an article for the publication (“The Trump Administration Accidentally Texted Me Its War Plans”). The group chat on the encrypted messaging platform Signal included US Vice President JD Vance, Defence Secretary Pete Hegseth, National Security Adviser Michael Waltz and Secretary of State Marco Rubio.

India, the world's second-biggest sugar producer, in January set an export allowance of 1 million metric tons through September 2025, as both the government and the industry believed there was a surplus for overseas markets. Since then, industry groups have lowered their output forecasts for the current year, raising concerns about potential supply shortages and export restrictions. However, India has more than enough stocks to meet domestic consumption and ethanol requirements, which is why the government has decided that mills would be allowed to export sugar, sources familiar with the matter told Reuters. «There is no reason to consider any restrictions on exports. The numbers suggest that we will have more than enough stocks throughout this year, and next year's production will anyway exceed this year's production,» one of the sources said.

Subscribe to enjoy similar stories. India’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Instead, they seem to be looking forward to it with a certain confidence, even optimism.

Bharti Airtel, one of India's leading telecommunications service providers, has launched its IPTV service in 2,000 cities across India. Customers can access an extensive library of on-demand content from 29 major streaming apps, including Netflix, Apple TV+, Amazon Prime Video, SonyLiv, and Zee5. The service also includes 600 popular television channels and high-speed Wi-Fi, with plans beginning at Rs 699. As an introductory offer, all Airtel customers will receive up to 30 days of free service upon purchasing an IPTV plan, which can be activated via the Airtel Thanks App.

ELSS) mutual funds stand out among other tax-saving instruments under Section 80C due to their unique combination of equity exposure, a short lock-in period, and potential for high returns. “Unlike the Public Provident Fund (PPF), which has a 15-year lock-in and offers fixed returns (currently around 7%-8%), ELSS funds have a much shorter lock-in of just 3 years and historically deliver average annualized returns of 10%-12%, higher in some cases,” said Adhil Shetty, CEO of Bankbazaar.com. “Since ELSS returns are market-linked and volatile in the short term, investing through SIP is wise. SIPs help mitigate market timing risk by averaging purchase costs during market highs and lows,” he added.

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%.

Subscribe to enjoy similar stories. After the Adani Group’s entry into the cement sector in 2022, the industry has been undergoing a phase of consolidation. Big cement companies want to get bigger amid the intense battle for market share gains.

Subscribe to enjoy similar stories. The growing consumption of ultra-processed food and aggressive marketing techniques by brands, such as pushing them to shelves labelled as healthy, have caught the government's eye. The Economic Survey 2024-25 highlighted the issue and suggested several corrective steps from awareness campaigns and stricter labelling to a ‘health tax’ to curb the excessive consumption of ultra-processed food.

Upcoming cars in India)While a few companies, such as Honda, Toyota, and Jeep are yet to make their entry, the majority have already launched their electric vehicles. In upcoming months, more electric cars are set to debut in India, including models from the country’s largest passenger vehicle manufacturer Maruti Suzuki. Here's a list of electric vehicles that are debuting in India soon:Maruti Suzuki's e Vitara will be the brand's first electric car, having been unveiled in its production-ready form during the Bharat Mobility Global Expo 2025.

Noida and are planning a liquor run, now might be the perfect time. Liquor shops across the NCR are offering discounts and deals to clear out their stock before the new excise policy in Uttar Pradesh comes into effect on April 1. This year, UP introduced an e-lottery system for liquor shop licenses instead of renewing licenses as done in the past six years. This change allows new players to enter the market. Additionally, the government has introduced “composite shops” that will sell both beer and Indian Made Foreign Liquor (IMFL) together. Because of this, many separate beer and IMFL shops will be merged. Shop owners are now rushing to sell off their stocks by March 31 since any unsold liquor will be seized by excise officials. To avoid losses, vendors are offering various discounts and deals like buy-one-get-one-free offers and price reductions. Offers on beers and whiskeys in Noida For example, a liquor store in Noida's Sector 18 is offering a buy-one-get-one deal on whiskey, while a Sector 93 shop is focusing on beer promotions. Some shopkeepers prefer reducing prices instead.

On Tuesday, OpenAI beefed up its ChatGPT chatbot with new technology designed to generate images from detailed, complex and unusual instructions. For instance, if you describe a four-panel comic strip, including the characters who appear in each panel and what they are saying to one another, the technology can instantly generate an elaborate cartoon.

Subscribe to enjoy similar stories. Last month, buyers eagerly awaiting their Ola Electric scooters began noticing an unexpected delay. Instead of the usual one-week turnaround, deliveries stretched to nearly a month.

Subscribe to enjoy similar stories. U.S. stocks have sold off this year on concerns about a burgeoning trade war and an accompanying economic slowdown.

Reliance Power Ltd.(up 9.05%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Karma Energy Ltd.(up 2.12%), NHPC Ltd.(up 1.65%), Jaiprakash Power Ventures Ltd.(up 1.60%), Jyoti Structures Ltd.(up 1.43%), Power Grid Corporation of India Ltd.(up 1.17%), Transformers & Rectifiers(India)Ltd.(up 1.05%), NLC India Ltd.(up 1.02%) and Adani Energy Solutions Ltd.(up 0.94%) were among the top gainers.

security for celebrities, and handling disruptions at pubs and parties. While the profession has traditionally been dominated by men, a growing number of women, confident in their physical fitness and mental strength, are now stepping into this unconventional role. One such person is Anu Kunjumon. Clad in a black T-shirt and jeans, she moved with confidence, effortlessly clearing the way for superstar Mohanlal amid a bustling crowd. Her firm stance and commanding gestures stood out as she managed security at a recent event in Kochi. Unlike the usual male-dominated watch-and-ward staff, Anu Kunjumon was breaking stereotypes—one of the growing number of women making her mark as professional bouncers in Kerala.

Exide Industries and Amara Raja surged up to 5% in Wednesday's intraday trade after the Central Board of Direct Taxes (CBDT) expanded the scope of Safe Harbour Rules, including lithium-ion batteries used in electric and hybrid vehicles under the definition of core auto components, according to a notification. Safe Harbour Rules provide businesses immunity from detailed tax scrutiny if they comply with predefined pricing norms under the Income-tax Rules, 1962.

Ashok Leyland Ltd.(up 3.79 per cent), Samvardhana Motherson International Ltd.(up 2.87 per cent), Bosch Ltd.(up 2.26 per cent), Mahindra & Mahindra Ltd.(up 1.53 per cent) and Exide Industries Ltd.(up 1.25 per cent) were among the top gainers.

MOIL Ltd.(up 1.57%), Ashapura Minechem Ltd.(up 0.62%), Gujarat Mineral Development Corporation Ltd.(up 0.61%), Oriental Trimex Ltd.(up 0.42%), Coal India Ltd.(up 0.34%), KIOCL Ltd.(up 0.20%), Madhav Marbles & Granites Ltd.(up 0.17%), Lexus Granito(India)Ltd.(up 0.15%) and NMDC Ltd.(up 0.09%) were among the top gainers.

The NSE Nifty index traded 1.35 points up at 23670.0, while BSE Sensex was down 60.05 points at 77957.14 as of 10:29AM(IST)on March 26.