UPS Financial News

run out of money. Some economists therefore think that the central government will need to set up a fund to take over unfinished projects or guarantee property prepayments, much as bank deposits are guaranteed. It is also unclear how much fiscal stimulus the central government is prepared to provide.

India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves, sources said. India, the world's biggest wheat consumer and grower after China, banned exports in 2022 and is keen to bolster stocks and tame prices that surged after dry weather hurt output in 2022 and 2023. Rising wheat prices forced the government to sell record quantities to boost local supplies, leading to a drawdown in reserves essential for the world's biggest food welfare programme, which entitles nearly 800 million to free grain.

ICICI Bank, Kotak Bank and IT stocks. The BSE benchmark Sensex broke a 3-day winning run and fell 111 points or 0.15% to settle at 73,904. The broader NSE Nifty dropped 9 points or 0.04% to end at 22,453.

In a stock exchange notice today (28 March), DGI9 said the valuation of the portfolio as at 31 December was £1.08bn, which represents a 5.6% decline since 30 June 2023. The decline principally relates to a 16% fall in the value of Verne Global, which has been valued at £398.3m, including gross proceeds already received and deferred consideration due to be received from its sale to Ardian, as well as a possible earnout. Excluding Verne, the portfolio was valued at £684.1m, up 1.6% since 30 June and down 1.2% since the end of 2022.  Digital 9 Infrastructure shareholders overwhelmingl...

Mint. The company makes Godfather and Six Fields beers. The company has recently signed two production tie-ups in Uttar Pradesh's Barabanki region, and in Assam scaling its production to six states.

NEW DELHI : PepsiCo India on Tuesday announced an investment of ₹1,266 crore to build a new flavour manufacturing facility in Ujjain, Madhya Pradesh, aimed at expanding the company's beverage production capacity in India. The facility in Ujjain will mark PepsiCo India's second such manufacturing site in the country, intended to produce beverage flavours "In India, for India." PepsiCo currently operates a similar plant in Channo, Punjab.

Rajasthan Royals' middle order for the past few years, but had struggled to live up to his potential in the cash-rich league until this season. However, the right-handed batsman has been a consistent performer in domestic cricket, which has helped keep the faith of the RR team management.

Nifty is expected to hit 23,400 levels around the time of the general election outcome led by BFSI, auto, capital goods and metal stocks according to estimates by ICICIdirect, which sees largecaps outperforming the broader market. The brokerage picks nearly 8 dozen stocks as its top bets across sectors believing them to be riding the wave. This means that over the next two months, Nifty is set for a 930-point rally from Monday’s closing of 22,462.

Congress on Tuesday alleged that the Modi government has many «unfulfilled commitments» to the people of Rajasthan, as the party attacked it over issues such as the ERCP project, «anti-Dalit atrocities» and lack of opportunities for the youth of the state. Ahead of the Rajasthan rally of Modi, Ramesh said as the prime minister visits the state, the Congress hopes that he will take this opportunity to address his many unfulfilled commitments to the people of Rajasthan. «On 7th July, 2018 and 6th October, 2018, PM Modi had promised to the people of Rajasthan that the Eastern Rajasthan Canal Project (ERCP) will be given national project status. This was crucial because 90% of funding for national projects comes from the Centre,» he said. After the Congress came to power in 2018, then-Chief Minister Ashok Gehlot wrote to the PM on six occasions, requesting him to fulfil his promise so that this essential infrastructure project could commence, he said.

investor confidence while safeguarding the interest of all stakeholders, the CareEdge Ratings said on Tuesday. The ministry of road transport and highways (MoRTH) had last month revised the MCAs for bidding out toll road projects as it aims to bid out 53 projects, encompassing a total length of 5,214 km and a projected cost of Rs 2.10 lakh crore, for development under the BOT-Toll model. “The revised agreements have incorporated changes to tackle execution woes, ensure funding support during the construction period and mitigate lender’s risk in case of exigencies,” it said, adding it will help address challenges encountered during the execution, operational, and termination phases of BOT toll projects.

Manav Chopra, Director- Technical Analyst, Nuvama Institutional Equities, says in general, Nuvama likes metals, defence, power and mid-tier PSU banks. That is how they have selected the stocks within this space. Further, he says usually, markets do not remain oversold for a longer period of time in an ongoing bull market. That is what has been witnessed recently in the midcaps and smallcaps. After the kind of reversals that was witnessed in the broader spaces, a lot of frontline names have not only seen a good rebound rally, but a few sectors within the midcaps and the smallcaps have also extended their gains and reached all-time highs.

The Godzilla-King Kong combo stomped on expectations as “Godzilla x Kong: The New Empire,” roared to an $80 million opening at the weekend box office

Stocks that are trading heavily or have substantial price changes on Monday: AT&T, FedEx fall; Ballard Power, Semtech

In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines were on or off

The owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before it collapsed are seeking to limit their legal liability for the deadly disaster

United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected

Two managers of a Saudi oil exploration company were going on trial Monday in Switzerland for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the...

Stocks slipped from their record heights after a surprisingly strong report on U.S. manufacturing raised worries about how much interest rates could ease this year

A group in Taiwan is focusing on seniors as it tries to combat fake news, one conversation at a time

A key Japanese central bank report says that sentiment among big manufacturers has sagged but optimism hit a three-decade high among large business outside the manufacturing sector

Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%