UPS Financial News

mutual funds (MFs). According to the latest Reserve Bank of India data, investments in MFs more than doubled from ₹62,499 crore in March 2024 to ₹1.41 lakh crore in January 2025. Significantly, these investments have picked up at a time when their core business of lending is slowing down. Banks’ investments in MFs had risen from ₹48,810 crore in March 2023 to ₹81,790 crore in January 2024.

left ventricular assist devices (LVADs), which help the heart pump blood, people familiar with the matter told ET. This will help patients with end-stage heart failure as they wait for a donor heart. According to government estimates, every year, some 50,000 patients in India need a heart transplant, but only about 200 such operations are done because of shortage of donor hearts. The average wait time for a heart transplant is about 36 months. Also, an imported LVAD could cost anywhere between ₹70 lakh and ₹1 crore. Surgery and post-treatment care are added expenses.

The portfolio value of Darshita Shah, 41, is down 40% since the market decline began in late September. The Mumbai-based homemaker, encouraged by her college-going son to take the plunge into stocks, had invested around ₹7 lakh in small-cap stocks, especially defence, IT and auto. Now, as Shah watches her holdings languish, she has lost the appetite to make fresh investments despite her son pushing to deploy more.

Subscribe to enjoy similar stories. Mumbai: Bajaj Finserv Ltd. expects significant growth in its financial services business over the next 15-20 years, driven by greater penetration of financial products and rising per capita income.

Subscribe to enjoy similar stories. Mumbai: Succession planning at Bajaj family’s financial services businesses begins by identifying young leaders and grooming them for years so that they can step up in future, Sanjiv Bajaj, chairman and managing director, Bajaj Finserv said. “We identify them early.

Subscribe to enjoy similar stories. The covid-led stock market crash in March 2020 birthed a spectacular four-year bull run. Five years on, the boom phase and the subsequent, ongoing correction have brought significant lessons for investors—especially new entrants.

Subscribe to enjoy similar stories. Tiny, niche back offices for high-tech, specialised work are being set up by new-age companies in India at an increasing pace, a trend that experts believe has the potential to take the global capability centre (GCC) wave to the next level in the country. According to industry insiders, companies such as M31, d-Matrix, and MemryX, among several others, are increasingly setting up focused ‘nano’ GCCs in India.

Subscribe to enjoy similar stories. The Cabinet’s approval of ₹1,500 crore incentives for FY25 to promote low-value unified payments interface (UPI) transactions is certainly a disappointment for investors in One97 Communications Ltd stock—Paytm’s parent company. The stock has been in focus lately in anticipation of this development.

Subscribe to enjoy similar stories. New Delhi: Registrars of Companies (RoCs) across the country have stepped up their compliance enforcement drive, with the largest number of penalty orders in the last five years getting issued in fiscal year 2025 (FY25), according to official data available from the ministry of corporate affairs.

Subscribe to enjoy similar stories. Indian trade officials are pushing their American counterparts to stitch their recent critical minerals deal into an upcoming trade agreement, two people aware of the discussions said, a tweak that may unlock US tax benefits for electric vehicles and batteries using these scarce resources.

Amazon India will eliminate referral fees on over 12 million products priced below Rs 300 from April 7, in its largest seller fee reduction till date, to support small businesses selling on the platform. The fee waiver will apply across more than 135 product categories including apparel, shoes, jewellery, grocery, home décor, beauty, toys, and kitchen products. Currently, referral fees – a commission sellers pay Amazon on each sale – range from 2% to 16% in these categories. The Indian arm of the ecommerce major also announced a reduction in national shipping rates for sellers using external fulfilment channels like Easy Ship and Seller Flex to Rs 65 from Rs 77. It will also cut weight handling fees for items under 1 kg by up to Rs 17.

BJP MLA Mohan Konkani for actively encouraging evangelism. Arvind Vasava from Dev Birsa Sena alleges that about 1,500 illegal churches have come up across the district, which are not registered with the state government and are proselytising the tribal populace. «Local MLA Mohan Konkani is actively encouraging these activities,» Vasava told ET adding that Gid Madi Dungar, a hillock in Songadh Block, that has long been a holy shrine for the animistic tribes, is now out of bounds for the aboriginals. A video of Konkani addressing a religious gathering has gone viral in social media where he asks the attendees to bring in more people. «A concrete road has come up along with a church on the hillock dedicated to Mother Mary and we are no longer even allowed to visit our shrine and make offerings,» Vasava said, adding representations have been made to the state government without any result. Vasava and his outfit have been staging protests against conversion and seeking protection of the tribal identity in the area. When contacted, Konkani refused to talk about the issue over the telephone. Earlier, he had denied the allegations made by Morari Bapu. BJP media cell coordinator Yagnesh Dave declined to comment.

Indian promoters to form investment companies abroad. The banks fear such offshore entities are intended to sidestep the curbs on foreign currency remittance and undertake activities which are against the spirit of overseas investment regulations. At least two leading private sector banks have stalled overseas direct investment (ODI) proposals by Indian entities to set up overseas non-banking finance companies (NBFCs), two persons familiar with the discussions with the banks told ET.

Manipur Police has filed six FIRs against WhatsApp groups/channel links for allegedly spreading fake news in Churachandpur district. Manipur Police stated on X, «Manipur Police has taken up six different FIRs against WhatsApp groups/channel (links) for spreading fake and inflammatory news creating and promoting fear, panic and public alarm within Churachandpur district. It is hereby warned that legal action will be taken up against other channels too who are spreading fake or inflammatory news.» The district recently witnessed a series of shutdowns and violence. In a series of operations, the Army, in collaboration with other security forces, have recovered 32 weapons, several improvised devices, a large cache of ammunition including grenades and war-like stores from different districts, an official said on Saturday. A defence spokesman said the Army, Assam Rifles along with Manipur Police, CRPF, BSF, and ITBP personnel conducted the operation during the past few days in Manipur's eight districts — Thoubal, Bishnupur, Imphal West, Churachandpur, Kangpokpi, Tengnoupal, Jiribam and Senapati — comprising hill and valley regions.

Hindustan Copper aims to generate around Rs 2,400 crore revenue over the next 20 years from its recent contract with a JSW Group firm which has been appointed as a mine developer and operator for two blocks in Jharkhand, a top company official said on Sunday. JSW Group's South West Mining Ltd (SWML) secured a contract on a revenue-sharing basis in January through a competitive bidding process for Rakha copper mining, comprising two blocks — Rakha and Chapri — in Jharkhand, for a period of 20 years, extendable by another 10 years. «The contract is an important development and key to the revival of Jharkhand operations. It is on a revenue-sharing basis. We estimate earning a revenue of around Rs 2,400 crore over the next 20 years,» Hindustan Copper Chairman and Managing Director (CMD) Sanjiv Kumar Singh told PTI in his first interaction after assuming the charge. Singh, who took over as the chief of the Kolkata-based PSU on Friday, was the director (mining) since 2022 and was also holding additional charge of director (operation) until early March.

With egg costs reaching nearly $10 per dozen in some U.S. cities while Canadian shelves remain fully stocked at prices as low as $1.84 USD, the contrast is too much for the internet to resist. Memes mocking the egg crisis have gone viral, with some comparing the situation to the U.S.'s previous stance on not needing anything from Canada. One viral tweet summed up the irony perfectly: «MAGA: ‘We don’t need anything from Canada!’ Moments later… ‘U.S. begs nations for eggs’»

Chief Justice of India Sanjiv Khanna's decision to put crucial documents relating to a controversy surrounding alleged discovery of cash from Delhi High Court judge Yashwant Varma's residence in the public domain and constituting an in-house committee to further inquire into the matter. While senior advocate Sanjay Hegde said the CJI must be commended for enforcing openness and putting things out in the public domain, senior lawyer Indira Jaising expressed satisfaction over the setting up of the in-house inquiry panel and said people should wait for its outcome. Saluting the wisdom of the CJI and other members of the Supreme Court collegium for releasing the inquiry report of Delhi High Court Chief Justice D K Upadhyaya, senior advocate Adish C Aggarwala said, «Let the in-house committee make an independent inquiry and submit the report to the chief justice of India for taking appropriate decisions.» Hegde, who described a video of the purported currency-discovery incident as «deeply distressing», said irrespective of the question of innocence or guilt of the judge concerned, the very fact that so much money is ostensibly being seen burnt in proximity to his house raises many questions. «It also tends to lower the image of the judiciary. Irrespective of the question of guilt or innocence, I think a full inquiry and corrective action is required. The chief justice of India must be commended for enforcing openness and putting things out in the public domain.

Subscribe to enjoy similar stories. SINGAPORE—China is pushing its commercial space industry to grow in a bid to spur greater innovation and close the gap with Elon Musk’s SpaceX. At least six Chinese rockets designed with reusability in mind are planned to have their maiden flights this year.

Israeli airstrike in southern Gaza killed a Hamas political leader, Salah al-Bardaweel, on Sunday, the militant group said, as Palestinian officials put the death toll from nearly 18 months of conflict at over 50,000. After two months of relative calm in the war, Gazans have again been fleeing for their lives after Israel effectively abandoned a ceasefire, launching a new all-out air and ground campaign on Tuesday against Hamas. Explosions echoed throughout the north, central and southern Gaza Strip early on Sunday, as Israeli planes hit several targets in those areas in what witnesses said was an escalation of the attacks that began earlier in the week. At least 30 Palestinians had been killed in Israeli strikes on Rafah and Khan Younis so far on Sunday, health authorities said. Those killed included three municipal employees, medics said. Hamas said the airstrike on Khan Younis killed Bardaweel and his wife. Israeli officials had no immediate comment.

Jofra Archer endured a night to forget during Rajasthan Royals' (RR) IPL 2025 clash against Sunrisers Hyderabad (SRH) on Sunday, March 23. The speedster set an unwanted record, registering the most expensive bowling figures in the history of the Indian Premier League (IPL). Bowling at the Rajiv Gandhi International Stadium, Archer leaked 76 runs in his four-over spell without picking up a wicket, surpassing Gujarat Titans’ (GT) paceman Mohit Sharma’s 0/73 against Delhi Capitals (DC) in IPL 2024. The 29-year-old speedster, RR’s costliest acquisition at ₹12.50 crore in last year’s mega auction, struggled to find rhythm as SRH batters tore into him mercilessly.

Subscribe to enjoy similar stories. Magrathea Metals Chief Executive Alex Grant. The startup has started emphasizing national security in its marketing.