UPS Financial News

Godrej Enterprises Group expects sales of its air conditioners to grow 50 per cent in the next fiscal on the back of continued robust demand and its new range of products, including smart ACs, a top company official said on Tuesday. With the early onset of summer, the group expects the overall industry demand for ACs to be strong at around 30-35 per cent growth but not as high as 60 per cent witnessed last year due to a high base, Godrej Enterprises Group, Business Head & EVP, Appliances Business Kamal Nandi told PTI here. The group on Tuesday ramped up its AC portfolio, including a premium range of smart ACs and also announced its foray into the commercial AC segment with Cassette ACs and Tower ACs. «We will be ending this year (FY25), doubling our volumes. We will be closing this year with about 10 per cent market share. This is up from 6.7 lakh to 14 lakh units. We are growing more than 100 per cent against industry growth that will be roughly about 36 per cent,» Nandi said when asked about the group's growth prospects.

As the financial year draws to a close, taxpayers to scramble to minimize their tax outgo. While common deductions under Sections 80C and 80D get all the attention, one powerful yet underutilised tax-saving tool remains overlooked—the Hindu Undivided Family (HUF). Many shy away from it, fearing complexity, but with the right approach, an HUF can be a game-changer for tax planning and long-term wealth preservation.

Subscribe to enjoy similar stories. Bharat Heavy Electricals Ltd (BHEL) shares have risen 6% since Friday, when the company announced a ₹7,500 crore order win for an 800 MW thermal power generation project. This brings the company's total order book to ₹1.7 trillion—5x the trailing twelve-month revenue.

I believe this key insight is crucial when dealing with equity market volatility. Other asset classes, like gold and real estate, do not share this characteristic.

Vietnam, which has now emerged as the fastest-growing tourism destination in Southeast Asia. Now, Vietnam has emerged as the third-most-visited country in the region, with 17.5 million international arrivals in 2024, edging ahead of Singapore. It follows Malaysia, which had 25 million visitors, and Thailand, which remains at the top with 35 million. The numbers also make Vietnam, also referred to as the Land of the Ascending Dragon, the regional leader in tourism recovery. Five years after the Covid-19 pandemic brought global travel to a halt, Vietnam has regained 98% of its pre-pandemic tourism business, outpacing all its neighbours, including Thailand (87.5%) and Singapore (86%). The momentum shows no signs of slowing down. Nearly four million international tourists arrived in Vietnam in January and February this year, a 30.2% increase from the same period last year, according to figures from the Vietnam National Authority of Tourism.

Paris. Cafes are bustling, the economy is showing signs of improvement and a shiny (stair-free) metro expansion is making the 15-minute city even more accessible. Yet there’s also the faintly audible sound of wealth on the move: Two locals inform me of plans to leave, one to Dubai and the other to Switzerland. In a similar vein to London’s fleeing non-doms and Brexit banking exiles, Paris is going through its own dose of ras-le-bol fiscal — the moment when the proverbial tax straw breaks the camel’s back — in President Emmanuel Macron’s twilight years. Taxes are going up on big business and the wealthy; Marine Le Pen is the presidential contender to beat in 2027; parliament is gridlocked and still fighting over pension reforms that tore the country apart in 2023. After an extraordinary run for Paris as the euro area’s investment-banking hub of choice, with the number of French financiers on seven-figure salaries almost doubling in four years, hiring plans are being put on ice.

Hindustan Org(up 19.99%), Sika Interplant(up 19.99%), Keynote Financial(up 19.99%), Vinyl Chemicals(up 19.99%) and ISF Ltd(up 19.84%) were among the stocks that surged over 15%.

Nirmala Sitharaman introduced the Bill for the 2025-26 fiscal in Parliament, seeking approval for key Budget proposals. The Finance Bill needs to be approved by both houses of the parliament to become a law and give effect to the Budget proposals. India plans to scrap the 6% equalisation levy on online advertisement services offered by companies like Google and Meta—commonly known as the Google tax—starting April 1. The move appears to be an effort to appease US President Donald Trump, who has warned of retaliatory tariffs on nations imposing digital taxes on American tech firms from April 2. The proposal is part of the 59 amendments to the Finance Bill introduced by Finance Minister. Union Finance Minister Nirmala Sitharaman on February 1 presented the Budget 2025-26 in the Parliament. The Union Budget 2024-25 provided major relief to the salaried class with no income tax on an average monthly income of up to Rs one lakh to boost household savings and consumption with the government also giving thrust to four engines of development — agriculture, MSMEs, investment and exports.

Snares Islands in New Zealand's South Island on Tuesday (March 25) afternoon. The earthquake took place at a depth of 12km under the sea at 2.43pm New Zealand time but no tsunami warning has been issued. But New Zealand's Civil Defence stated that there was a «danger to anyone in or near the water in the area». While Snares Islands are uninhabited, thousands of South Island residents reported the earthquake. However, no loss of life or property has been reported till now. National Emergency Management Agency (NEMA) has advised residents of South Island that sea water was unlikely to flood the coastal regions and no evacuation was required. Authorities assert that strong and unusual currents along with unpredictable surges is expected along the shore of the West Coast of South Islands from Milford Sound to Puyseugur Point. «Ongoing risk of strong and unusual currents for the West Coast of the South Island from Milford Sound to to Puysegur Point. This risk is expected to ease around 8pm tonight (25 March). A cancellation message will be issued by NEMA around this time. We expect New Zealand coastal areas to experience strong and unusual currents and unpredictable surges at the shore following a magnitude 6.8 earthquake near off the West Coast of the South Island NZ at 2:43 PM, 25 March,» the warning stated. «Strong currents and surges can injure and drown people. There is a danger to swimmers, surfers, people fishing, and anyone in or near the water close to shore. People in or near the sea in the following areas should move out of the water, off beaches and shore areas and away from harbours, marinas, rivers and estuaries,» it added.

junk food consumption, especially among children, has raised concerns in the Madhya Pradesh Assembly. During a discussion in the House, Deputy Chief Minister Rajendra Shukla, who also handles the health portfolio, stressed the need to strictly enforce the Food Safety & Standards Authority of India (FSSAI) guidelines.

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed. Tesla commanded 1.8% of the total market and 10.3% of the BEV market in February, down from 2.8% and 21.6% last year respectively. It sold fewer than 17,000 cars in the European Union, Britain and European Free Trade Association countries, compared to over 28,000 in the same month in 2024. Tesla currently faces a number of challenges in Europe. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, often cheaper electric models.

«When you come and buy, people know that, A) this fund is buying, this person is buying, and half the thing in the market in making money is to be surprised, it is the information asymmetry,» says Sunil Subramaniam, Market Expert. Can you just dissect this news for us, the fact that the threshold limit for FPI disclosure has gone from 25,000 to 50,000. How important is that? And will that really open a large window? Sunil Subramaniam: It is very important. And I will tell you, the reason for that is that when you are disclosing, you are giving out a lot of information in the market. And so, when you come and buy, people know that, A) this fund is buying, this person is buying, and half the thing in the market in making money is to be surprised, it is the information asymmetry.

Lexus Granito(India)Ltd.(up 1.98%), Sandur Manganese & Iron Ores Ltd.(up 0.41%) and Madhav Marbles & Granites Ltd.(up 0.30%) were among the top gainers.

Subscribe to enjoy similar stories. President Trump wants to secure the minerals the U.S. needs for everything from smartphones to jet fighters by striking deals in Ukraine, Greenland and even Russia.

Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners. U.S. President Donald Trump said automobile tariffs are coming soon, and said he may give «a lot of countries» breaks on tariffs, but provided no details.

Ekadashi is a sacred day when devotees worship Lord Vishnu with devotion and deep faith. This day is considered very auspicious to perform puja to Lord Vishnu. There are 24 Ekadashis in a year that fall during Krishna Paksha and Shukla Paksha. Devotees across India follow all the puja rituals and observe strict fasts to please Lord Vishnu. This year, Papamochani Ekadashi will be observed on the 11th day of Krishna Paksha in the month of Chaitra, which is 25 March 2025.

Bank of Japan policymakers discussed the pace of raising interest rates further after deciding to hike short-term interest rates to the highest in 17 years, minutes of their January meeting showed on Tuesday. «Some members shared the recognition that real interest rates were expected to remain significantly negative even if the BOJ decided to raise the policy interest rate at this meeting, and that accommodative financial conditions would be maintained,» the minutes said.

Subscribe to enjoy similar stories. As metaphors go, the complete closure of Europe’s busiest airport on Friday because of a fire in a suburban electricity substation is a timely one.

President Donald Trump said not all of his threatened levies would be imposed on April 2 and some countries may get breaks, which helped the dollar and the mood on Wall Street overnight by soothing some fears about a slowdown in U.S growth.