UPS Financial News

NEW DELHI : Google found itself in deeper trouble in India after the country’s antitrust watchdog ordered an investigation into the tech giant’s pricing methods, saying the company had implemented its policies in a “discriminatory manner". The Competition Commission of India on Friday said it will probe Google’s pricing model within 60 days, without immediately passing a verdict or enforcing penalties. CCI’s decision has wider implications for Google, the dominant mobile operating platform in India, given the watchdog’s earlier rulings as well as the company’s run-ins with the domestic app ecosystem.

Stuart Madnick is the John Norris Maguire Professor of Information Technologies at the MIT Sloan School of Management and the founding director of the Cybersecurity at MIT Sloan (CAMS) research consortium. Organizations are spending more money than ever on cybersecurity—an estimated $188 billion globally in 2023, a figure expected to grow to almost $215 billion in 2024—yet hackers always seem to stay a step ahead. The number of reported data breaches in the U.S. rose to a record 3,205 in 2023, up 78% from 2022 and 72% from the previous high-water mark in 2021, according to the nonprofit Identity Theft Resource Center.

REC Ltd's arm REC Power Development and Consultancy Ltd and Bharat Heavy Electricals Ltd (Bhel) have entered into a partnership to develop renewable energy projects across the country. The companies would set up a special purpose vehicle (SPV) to develop renewable energy projects for supply to discoms. “The SPV will be benefitted by the core engineering expertise of Bhel and infrastructure investment expertise of REC Limited.

MUMBAI : India's top small-cap fund managers will require substantial time, in some cases up to 30 days, to liquidate a quarter of their portfolios during market upheavals, as revealed by stress tests conducted by various fund houses. Fund houses would likely need between six days and 30 days to exit a quarter of their small-cap portfolio, and 12-60 days to liquidate half of the portfolio. If a fund takes longer than two to three days to return investors' money, it suggests stress in the portfolio.

According to the £1.8bn trust's latest factsheet, in February the net asset value was up 1.7% and the share price gained 2.3%, while the FTSE All-Share index was only up 0.2%. Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI Manager Nick Train said four of the trust's «magnificent five» holdings outperformed the index, arguing they are «magnificent» because they are «world-class and substantive businesses» with a «clear secular growth opportunity». The outperformers were analytics provider RELX, which comprises 12.8% of the trust's total investments, ...

external affairs minister S Jaishankar said India has begun to take manufacturing seriously, adding that the world's perspective towards the country's technological landscape has changed in the past decade. Speaking at the ET Awards in Mumbai, the minister said, «India is beginning to take manufacturing seriously. Without manufacturing, no one will take you seriously on technology,» he said.

From classic cribs to versatile co-sleepers, these top-rated options prioritise your baby's comfort and safety, giving you peace of mind as your little one drifts off to dreamland. Whether you prefer a traditional crib or a modern bassinet, there's something for every parent and baby duo.

BJP's election campaign in Karnataka on March 16, the day on which the Election Commission is scheduled to announce poll dates and schedules. The PM will address a public rally at Kalaburagi on March 16, Saturday and will again return to the state on March 18 to address another rally at Shivamogga. The rallies will come close on the heels of the BJP announcing its list of candidates.

Perfios and Lohum raised equity-based funding of over $50 million each this week – a rare feat for companies in the stage, given the slow state of deal-making. The two deals helped push up overall funding numbers by nearly three times to $186.6 million, deployed across 10 deals. This was up 188% from $64.9 million across 32 deals in the same week a year ago – March 9 to March 15, 2023.

Paytm is set to transfer the backend of its point of sales (PoS) terminals meant for processing card payments to RBL Bank from Paytm Payments Bank (PPBL), according to two people in the know. While One 97 Communications which runs Paytm will continue to run and manage these terminals, which will carry the Paytm brand, at the backend the processing of transactions will be done by RBL Bank, the people added.

stress test report, mentioning the number of days they will require to liquidate 50% and 25% of their mid-and-small-cap schemes portfolio. This move came after the market regulator asked MFs to frame a policy to protect investor interest during the market crash and redemptions. Nippon India Small Cap, the largest scheme in the smallcap category based on assets managed, will take 27 days to liquidate 50% portfolio, while Quantum Smallcap Fund, the smallest scheme in the smallcap category, will be able to liquidate 100% of its portfolio holdings in one day.

Follow Electoral Bonds Data Live updates here However, there's no way to find out which donor/company donated how much to which political parties. This was despite the Supreme Court raising concerns in its February 15 judgement that the now-scrapped Electoral Bond Scheme can lead to quid pro quo. In later rulings, the Supreme Court said the State Bank of India (SBI) does not need to match the names of electoral bond buyers with specific political parties.

Yashwant Sinha handed over the accolades to India's top industrialists exactly at The Economic Times Awards for Corporate Excellence in Mumbai on October 24, 1998. The event, which has acknowledged the contributions of the India Inc's who's who for decades, with the latest edition set to announce the awardees on March 15, 2024. This year's edition termed S Jaishankar, Minister of External Affairs, as the Reformer of the Year. AM Naik, Chairman Emeritus, Larsen & Toubro, has been awarded the Lifetime Achievement Award.

At the discussion on 'India & Indo-Pacific: Threats and Opportunities', held as part of the India Today Conclave 2024, the Army chief was asked a range of questions in the context of China's growing influence in the region and the future preparedness of the army «if the situation along the LAC escalates». The eastern Ladakh border standoff erupted on May 5, 2020, following a violent clash in the Pangong Lake area.

Senior citizens often go for fixed deposits, considering the safety and fixed return. Elderly investors are in for a sweeter deal this year as they can get an attractive fixed return on the Senior Citizen Savings Scheme (SCSS). Is SCSS a better option for senior citizens than tax-saving fixed deposits? Probably yes. But before you invest, let's compare the features and benefits of SCSS and five-year tax-saver fixed deposits (FDs).

Finance Minister Nirmala Sitharaman on Friday denied any link between the functioning of investigative agencies, including ED raids, and electoral funding to the ruling party, saying these allegations are just assumptions. «What if the companies gave the money, and after that, we still went and knocked at their doors through ED (Enforcement Directorate). Is that a probability or not...It is an assumption that the ED went and knocked at their doors, and to save themselves they came up with funds. The second assumption is that are you sure that they have given (electoral bonds) to BJP. What if they probably gave to regional parties,» she said while speaking at India Today Conclave. The finance minister's comments came a day after the Election Commission of India published a list of subscribers of the electoral bonds and funds mobilised by various political parties. The list provided by State Bank of India, the issuer of electoral bonds, was published after the order of the Supreme Court.

Bhive Workspace has picked up over 62,000 sq ft across seven offices in Adani Realty’s commercial tower Inspire BKC situated on the edge of Mumbai’s business district Bandra-Kurla Complex (BKC) through a long-term lease of five years. The company is planning to use the space leased through two separate agreements to set up managed coworking offices. Bhive’s holding company Tusker Workspace has entered into this lease agreement with Adani subsidiary Sunbourne Developers. The lease rentals for the same has been set at Rs 205 per sq ft a month and the agreement includes a clause to escalate the same by 15% after three years, shows the documents accessed through Propstack.

Bitcoin suffered a steep drop in overnight trading, showing that the world's largest cryptocurrency hasn't shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world.

More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going

Benchmark NSE Nifty closed 123.31 points down at 22023.35 amid selling in frontline bluechip counters.

The Coimbatore Lok Sabha seat in Tamil Nadu is expected to see a big battle this time. As per reports, the INDIA alliance will put up a single candidate from the seat to not split votes among opposition parties. Reportedly, CPI-M and Congress might not announce any candidate from the seat which will held MK Stalin-led DMK to field a storng candidate to take on BJP which is expected to announce the name of a strong candidate for the Coimbatore seat. Coimbatore 2024 Lok Sabha polls: Date The Election Commission will announce the dates for 2024 general elections on March 16.