UPS Financial News

Reliance Jio and Bharti Airtel, India's top two telecom operators, are set to report modest sequential growth in their fiscal fourth-quarter India mobile revenue, supported mainly by strong broadband user additions in the absence of tariff hikes, analysts said. Vodafone Idea (Vi) is likely to report a sequential dip in its March-quarter revenue, stung by continued heavy customer losses. Jio and Airtel, though, are likely to report flattish operating margins, weighed down by higher 5G-related costs, the analysts said.

Microsoft is unbundling its video conferencing platform Teams from the Office suite after a European probe into anti-competitive practices. Bundling of apps is under regulatory scrutiny everywhere. But breaking up Big Tech might not be the magic bullet.

Mint could not independently verify the data breach and its contents. Media reports on Saturday cited a database of 7.5 million users registered with Boat being leaked on the internet, and subsequently put up for sale at a price of around €2 ( ₹180) for the entire database.

NEW DELHI : The long-delayed privatization of IDBI Bank may be about to speed up, with the central bank examining the suitability of potential bidders. Prem Watsa-backed CSB Bank, Kotak Mahindra Bank and Emirates NBD are among those who have submitted initial bids for the government's majority stake in IDBI Bank, media reports have said. According to two people aware of the matter, the Reserve Bank of India (RBI) is currently studying whether the potential bidders adhere to its 'fit and proper criteria' for running a financial services entity.

MUMBAI : Banks in India struggled to attract deposits in 2023-24 even as credit growth turned stronger. Data from RBI showed the credit-deposit ratio at its highest in at least 20 years as loan offtake rose across categories including home loans and other loans for consumption. At 80%, the credit-deposit or CD ratio is at its highest since 2005, from when this ratio is available, showed data from RBI.

Congress leader and former Rajasthan chief minister Ashok Gehlot on Monday said the BJP's claim of winning more than 400 seats in the Lok Sabha polls was devoid of substance. He was speaking to reporters in Deesa in Gujarat's Banaskantha district after addressing a gathering in support of his party's Banaskantha Lok Sabha candidate Geniben Thakor. «I have been in Gujarat since yesterday and am meeting people. An atmosphere in favour of the Congress is building up in Gujarat. Some people are saying 'abki baar 400 paar' (over 400 seats this time). But, there is no substance in this claim. Geniben and other Congress candidates will emerge victorious in Gujarat,» claimed Gehlot. Asked about Union minister and BJP Rajkot Lok Sabha candidate Parshottam Rupala's allegedly objectionable comments against the Kshatriya community, Gehlot claimed he had heard from others that the former had a habit of making such statements that enraged different groups.

Morgan Wallen was jailed this Sunday night in Nashville following an incident of reckless endangerment when the 'Chasin' You' singer threw a chair off a six-story roof-top bar. According to Hollywood Reporter, the incident took place on Sunday and the bar was owned by one of his fellow singers Eric Church, whose songs have also ranked on Billboard's top charts. According to Hollywood Reporter, Billboard, after the incident, acknowledged and confirmed Wallen's arrest, based on a statement of Wallen’s attorney, Worrick G. Robinson.

Employbridge’s Joanie Bily explains what the March jobs report says about the state of the U.S. economy on Making Money.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

A majority of workers at a Mercedes-Benz plant near Tuscaloosa, Alabama, are calling for a vote to join the United Auto Workers union, which is on a drive to sign up non-union plants across the country

Police and the FBI are investigating the theft of as much as $30 million in cash from a Los Angeles money storage facility

A trial is set to begin against BNSF Railway over the lung cancer deaths of two people who lived in a northwestern Montana town where thousands of people were exposed to asbestos from a vermiculite mine

Donald Trump’s campaign said it raised $50.5 million on Saturday when major donors gather for his biggest fundraiser yet

Researchers have found that most cancer drugs granted accelerated approval by the U.S. Food and Drug Administration do not deliver on their early promise

Stocks are holding steadier on Wall Street after last week's roller-coaster end left them shy of their records

Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs

Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than $7 billion of support to secure a steady supply of chips

Arkansas lawmakers are meeting at the Capitol for a session that will focus on Gov. Sarah Huckabee Sanders' $6.3 billion proposed budget for the coming year

Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along

The town of Rolling Fork, Mississippi, has struggled to rebuild after a devastating tornado struck last year

A Powerball player in Oregon has won a jackpot worth more than $1.3 billion, ending a winless streak that had stretched more than three months