UPS Financial News

Arvind Kejriwal in connection with the Delhi Excise Policy 'scam' on Wednesday. Kejriwal, the Delhi CM and Aam Aadmi Party's (AAP) national convenor, had filed a plea, challenging his arrest by the ED in the case. The financial probe agency opposed his petition, saying the probe is not over yet.

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Feel like you don’t spend enough time with your friends? You’re not alone. Too often, busy schedules prevent us from having long, meaningful phone chats or meandering, split-the-bottle dinner conversations. Instead, we shoot each other quick how-are-you texts, forward articles or memes, and promise that we’ll find time to talk later.

ALSO READ: Orange Cap IPL 2024: Virat Kohli again at top spot; Nicholas Pooran, Quinton de Kock in Top 5 after RCB vs LSG clash Relying more on Virat Kohli in the batting department has affected the team's performance, with the other big stars Faf du Plessis, Cameron Green and Glenn Maxwell failing to find their momentum. Even for Rajat Patidar too, the season has been tough. On Tuesday, following the defeat of LSG by 28 runs, the players including Kohli looked dejected in the dressing room.

MUMBAI : Government reforms aiding the privatization of listed companies could help unlock greater value for investors in the Indian market, said Jonathan Gray, president and chief operating officer at Blackstone, one of the largest alternatives investors globally. "The government has done a lot of incredibly positive things. I think one thing that could help unlock the market here is an ability to take companies private, to help improve them, then bring them back to the market, maybe with more scale," Gray said during a media briefing in Mumbai on Wednesday.

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Parshottam Rupala escalated on Wednesday with Rajput leaders rejecting BJP's bid to patch up and threatening to launch nationwide protests if the saffron party fails to withdraw his candidature from Gujarat. A crucial meeting between the ruling BJP and Kshatriya (Rajput) leaders failed to achieve any breakthrough as the community representatives remained firm on their demand. «Even though Rupala has tendered his apology at least four times, the community leaders said their only demand was to make him withdraw from the poll fray,» senior BJP leader Bhupendrasinh Chudasama, who attended the meeting, told reporters. Rupala, the BJP candidate from Rajkot Lok Sabha constituency, had triggered a row by claiming that erstwhile 'maharajas' succumbed to the persecution by foreign rulers and Britishers and even married off their daughters to them.

Kunal Kashyap, who was heading risk at fintech unicorn Cred, has quit to join rival firm Slice, which is set to become a bank through the proposed merger with North East Small Finance Bank, said two people in the know. “Kashyap will be leading part of the credit business within the newly-formed bank which will be officially launched after regulatory authorities clear the merger,” one of the persons said.

Bernard Arnault, the renowned chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has once again secured the top spot on Forbes' World's Billionaires list for the second consecutive year. With an estimated fortune of $233 billion, Arnault maintains a substantial lead of $38 billion over his closest competitor, Elon Musk. This impressive increase in wealth is attributed to another exceptional year for LVMH, which reported a net profit of $16.5 billion on revenues of $94 billion in 2023. Arnault's Remarkable Journey to the Top

₹2,000 crore, compared to the ₹30,000 crore that flowed into them during the IPO boom in the mid 1990s.He also noted that the development of India’s MF industry is set to explode after its release from ‘strangulation by UTI and other public sector MFs.’ Jhunjhunwala was also anticipating support from the market from pension and provident funds that did not invest in equities at the time. Yes. In January this year, the monthly (not annual) flow into systematic investment plans alone crossed ₹18,000 crore.

The world’s most important semiconductor-manufacturing hub is also one of the world’s biggest earthquake hot spots, and it was put to the test Wednesday after a powerful quake. Taiwan Semiconductor Manufacturing—which makes chips for customers such as Apple and occupies a critical place in the global electronics supply chain—has prepared for years for a quake, drawing on lessons from a 2011 disaster in Japan among others. TSMC briefly evacuated some of its locations Wednesday and suspended work at some plants after an estimated 7.4-magnitude quake struck eastern Taiwan.

Philippines is prepared to respond to China's attempts to disrupt its supply missions in the South China Sea and protect its troops stationed in the waterway, a top security official said on Wednesday. Jonathan Malaya, the spokesperson of the National Security Council, said the Philippines is committed to maintaining its position at the Second Thomas Shoal and there will be no let up in re-supply missions to Filipino soldiers on a grounded warship there. «Our commitment to maintain BRP Sierra Madre will always be there, so any attempt by China to interfere with re-supply missions will be met by the Philippines in a fashion that protects our troops,» Malaya told a maritime forum.

Shares of L&T Technology Services Ltd.(up 3.13 per cent), Coforge Ltd.(up 1.92 per cent), Tata Consultancy Services Ltd.(up 1.64 per cent), Tech Mahindra Ltd.(up 1.49 per cent) and MphasiS Ltd.(up 0.64 per cent) ended the day as top gainers in the pack.

SiftHub, an artificial intelligence-enabled platform for enterprise sales teams, on Wednesday said it has raised $5.5 million in a seed round of funding led by Matrix Partners India and Blume Ventures. The San Francisco-headquartered startup was founded by Manisha Raisinghani, cofounder and former chief technology officer of Tiger Global Management-backed software-as-a-service (SaaS) startup LogiNext Solutions. ET had first reported about the deal talks in June 2023.

private equity major Blackstone Group is confident of investing USD 2 billion annually in India, a top official said on Wednesday. Its chief operating officer Jonathan D Gray pitched for a slew of measures to improve the ease of doing business for firms like it in India, including quicker approvals on mergers and acquisitions, easier privatisation of listed companies, and improvements in dispute resolution in commercial matters. The New York-based group, which has been operational in India for nearly two decades, said Indian PE investments have delivered the highest return for it worldwide, and the investment in realty, which made it the largest landlord in the country, has also delivered well. «We plan to invest around USD 2 billion every year in India,» its senior managing director Amit Dixit told reporters here.

2024 Lok Sabha elections “even if they are united". "This is an alliance of convenience of some self-seeking Opposition leaders. However, they can't even face up to the NDA even if they are united.

Deepfakes have long raised concern in social media, elections and the public sector. But now with technology advances making artificial intelligence-enabled voice and images more lifelike than ever, bad actors armed with deepfakes are coming for the enterprise. “There were always fraudulent calls coming in.

NEW DELHI : The Delhi high court on Wednesday deferred hearing in a plea that sought to probe alleged fraudulent practices by Axis Bank in the sale and purchase of shares in Max Life Insurance Co Ltd. Counsels for the private sector lender and Max Life Insurance said that the case is pending with the Securities and Exchange Board of India (Sebi), which has the authority to adjudicate in these kinds of matters. The entities argued that the dispute, centering on a commercial transaction between two private parties, does not directly implicate the interests of the public shareholders, suggesting limited judicial intervention is warranted.

ED on March 21, is currently in judicial custody in Tihar jail. On March 22, the trial court remanded him to six days of ED custody, which was extended by further four days. On April 01, he was remanded to judicial custody till April 15.

NEW DELHI : Vistara has blamed poor rostering for a wave of flight cancellations at the full-service carrier, warning it may have to curtail its network for May as well to gradually stabilize operations, two people aware of the development told Mint. Chief executive officer Vinod Kannan addressed Vistara's pilots on Wednesday following a string of flight delays and cancellations that left thousands of passengers stranded. Over the last two days, more than 100 flights of the airline have been cancelled and a large number of flights have faced delays, as disgruntled pilots have called in sick en masse.

Adani Power Ltd shares surged to an all-time high, marking a fourth consecutive session of gains. The stock surged by 5 percent, reaching a historic peak of ₹611.75 on the BSE, following an 18.4 percent increase over the past four trading sessions. Today's rally further propelled Adani Power's stock, which has climbed a remarkable 230% from its 52-week low of ₹185.10 recorded on April 19, 2023.