UPS Financial News

Subscribe to enjoy similar stories. Summer’s only just set in, but several states have already seen heatwaves as well as warm nights. The Met department has forecast a spike in mercury in the coming days.

Subscribe to enjoy similar stories. As India's stock market undergoes active buying coupled with some short covering, Raja Venkatraman of NeoTrader recommends three hidden gems for Wednesday, 26 March. • ABINFRABUILD: Buy above: ₹104 | Stop: ₹101 | Target: ₹109-111 • VADILALIND: Buy above: ₹5,050 | Stop: ₹4,925 | Target: ₹5,550-5,700 • PANACEABIO: Buy above: ₹431 | Stop: ₹405 | Target: ₹475-490 Investors should consider these factors to reap meaningful returns in the next few weeks: ABINFRABUILD: Buy above: ₹104 | Stop: ₹101 | Target: ₹109-111 AB Infrabuild operates in the infrastructure and construction sector, which has seen robust growth due to government initiatives and increased spending on urban development projects.

Subscribe to enjoy similar stories. Bengaluru: Logistics company Delhivery Ltd expects its three-month-old quick-commerce business to end this fiscal year with ₹100 crore in revenue and its new warehouses catering to online-first brands and e-commerce platforms to break even in a few months. The Gurugram-based firm is also looking to expand its quick-commerce business to major metropolitan cities in a few months, said Milind Sharma, Delhivery’s newly appointed head of rapid commerce and direct-to-consumer brands.

Subscribe to enjoy similar stories. Mumbai: Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut. Most banks did not change their deposit rates after the Reserve Bank of India reduced the repo rate by 25 basis points (bps) in February.

qualified institutional placements (QIPs), a faster route for tapping the primary market, seeking to leverage a sharp rebound in the secondary market. Bankers say a few more firms are likely to launch QIPs in the coming week as companies look to capitalise on improving market sentiment and investor appetite.

The U.S. Department of Treasury is scrapping a requirement for U.S. small businesses to report information about their owners to the federal government. It's the latest twist in an on-again-off-again saga for the fledgling rule.

Rachel Reeves is getting ready to give the Spring Statement for 2025. She'll be talking about how the economy is doing and the challenges that are still ahead. However, with stalled tax receipts and increased borrowing costs, she is expected to announce £5 billion in public spending cuts. The details of these cuts will be outlined in the summer’s spending review. Reeves, as per media reports, will stress her commitment to fiscal discipline in spite of pressure from economists arguing against self-imposed constraints. A Guardian report stated that the Office for Budget Responsibility (OBR) is expected to confirm that October’s projections have shifted into the red. Reportedly, this was caused by a £10 billion shortfall due to higher debt financing and increased defence spending. To address this, international aid has already been reduced by £6 billion, the report stated and added that welfare cuts and civil service job reductions will also contribute to savings.

Trent Alexander-Arnold can soon get to see their favourite star play for the Real Madrid as the Liverpool right-back is close enough to sign a deal with the La Liga side as a free agent this summer. Real Madrid has been eying Alexander-Arnold for two years. They have been making all possible efforts on their behalf since January this year to convince the 26-year-old to join their side by the end of this season, The Athletic reported.

Canadians need a drink.

Donald Trump has said America is being “ripped off by every country in the world, friend and foe” and liberation day, as he calls it, is when he aims to set that right.

Last week, Pierre Cléroux of the Business Development Bank of Canada wrote here that for the first time in 15 years of making economic outlook presentations, he’s getting unprompted questions about productivity. It seems Canadians are having an “Aha!” moment about productivity, thanks to U.S. President Donald Trump’s tariff attack on their bottom lines.

bottom-of-the-pyramid borrowers have lost access to formal financing over the past nine months after lenders stiffened conditions for advancing funds to these customers and wrote down sticky loans to clean up their books. Industry experts said the number of such vulnerable borrowers could be even higher as lenders stopped financing customers with overdue loans of more than 60 days and those with an outstanding amount exceeding ₹3,000. «The reduction in the number of borrowers is definitely due to the fact that defaulters are not being financed at present,» said Jiji Mammen, executive director at Sa-Dhan, a self-regulator for the microfinance sector.

«Samsung is a responsible corporation and fully complies with the laws in India. The issue involves the interpretation of classification of goods by customs,» a company spokesperson said in a statement on Tuesday. «We are assessing legal options to ensure that our rights are fully protected.» An official ET spoke with said the demand notice wasn't fresh, but a follow up of one sent in January 2023, as the company had failed to give a «satisfactory» reply to the earlier show cause notice.

IPL opener, when Chennai Super Kings' legend MS Dhoni was walking out to bat just for the last couple of deliveries, the crowd in Chepauk lit up with excitement even when they were uncertain of winning. The reason is simple: 'Dhoni may finish'. The wicketkeeper-batsman recently shed light on his finishing approach, emphasizing the importance of maximizing every shot. Speaking to Jio Hotstar, the former Indian captain shared his aggressive batting mindset in high-pressure IPL games. «When you go in to bat, you look at the scoreboard—what the team needs from you. If you are going to face 4-5 deliveries, you try to hit as many big shots as you can. At that moment, the thought process is only about hitting a six. You hardly plan for a four, especially if you have wickets in hand. A four becomes a by-product—you are always looking for a six,» he said. At 43, Dhoni continues to be a key player for CSK, expertly closing innings with his signature power-hitting. He also highlighted the significance of every single run in tight matches.

Alstom has achieved a key milestone with the delivery of its 500th electric locomotive to Indian Railways, the company said on Tuesday. The company highlighted that all of these locomotives are fully manufactured in India, underscoring a major step in both Alstom’s and India’s Railways' modernisation efforts. The 500th fully India-made Prima T8 WAG12B e-locomotive was delivered from Alstom’s state-of-the-art manufacturing facility in Madhepura, Bihar. The delivery event was attended by key dignitaries, including Mr. Manish Kumar, Chief Administrative Officer of Indian Railways, along with senior officials from Alstom.

Yet, a recession never came. Optimism grew that the US might pull off a “soft landing.” Now, those hopes are fading. Consumer expectations have plummeted to their lowest level since 2013, according to The Conference Board. Its senior economist, Stephanie Guichard, warned: “Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening.” Meanwhile, a March CNBC Fed Survey puts the probability of a US recession at 36%, up from 23% in January. J.P. Morgan’s chief economist estimates the odds at 40%. Some, like bond expert Jeffrey Gundlach, believe the chances are even higher—50% to 60%.

Neil deGrasse Tyson testing the cognitive skills of Chaser, a border collie with a staggering memory, has left viewers in awe. Trained by psychology professor John Pilley, Chaser wasn’t just any ordinary pet—she was capable of recognizing over 1,000 different toys by name and even learning new ones through inference.

Gnanamma Healthcare Centre announced its transition to becoming a near net-zero electricity health facility. This milestone has been achieved through the recent installation of a 6.05kW solar power plant with battery energy storage, which now meets up to 100% of the facilities' electricity needs. The green facility was launched in the presence of Dr Mehriba K. Sohliya, District Medical, Health Officer, West Khasi Hills, hospital administration and WRI India. With technical support from WRI India, the facility has installed a solar power plant, battery storage, and energy-efficient appliances, including indoor lights, ceiling fans, flood lights, water purifier, water heater, and an autoclave. This transformation ensures that Gnanamma Healthcare Centre operates almost entirely on renewable energy, setting a precedent for sustainable healthcare in the region.

Rajab Butt, one of Pakistan’s most prominent social media figures, is now at the centre of a blasphemy case. The controversy erupted after he launched a fragrance called «295,» directly referencing the blasphemy section of Pakistan’s penal code. A video promoting the perfume, now deleted from his accounts, quickly drew backlash. TLP leader Haider Ali Shah Gillani filed a formal complaint against Butt on Monday. “Our religious sentiments have been hurt,” he said. “There are numerous sections in the penal code, but why did he choose blasphemy-related sections to name a perfume?” Speaking to AFP, he added, “This means you acknowledge the offence and are celebrating it. This is essentially an attempt to normalise such actions.”

Here are the key April payment dates: