UPS Financial News

₹18,000 to ₹20,000 per KW for 1 KW systems. On January 21, the government simplified rooftop solar implementation rules, followed by Prime Minister Narendra Modi's announcement of the PM Suryodaya Yojana on 22 January, enabling one crore households to set up solar panels on their rooftops. In 2014, the government launched the rooftop solar programme with a cumulative installed target of 40 GW by 2022.

NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...

Karnataka were collected by the department and analysed in laboratories. Based on the results, the Food Safety Commissioner ordered a ban on usage of any artificial colours in preparation of 'Gobi Manchurian'. While for 'Cotton Candy', the Commissioner prohibited the use of artificial colours, like 'Rhodamine B', over and above the prescribed limits.

₹43 per metric million British thermal unit (mmbtu) in FY23 to ₹58.6 mmbtu in FY24. Consequently, gas transmission business should make up for almost 50% of the company’s Ebitda in FY24. Ebitda is earnings before interest, tax, depreciation and amortization.

MUMBAI : Hype, a Bengaluru-headquartered luxury travel aggregator, is looking to expand globally as it charts a path in the elite travel sector. Founded by Raaghav Belavadi, a former group CEO at Accenture, and his sister Vijaya Belavadi, Hype aims to rewrite the playbook on premium travel experiences for high net worth individuals (HNIs) and ultra HNIs. Rejecting the conventional asset-heavy model, the travel aggregator thrives on commission-based operations, a move that ensured profitability from the start of operations, Raaghav Belavadi told Mint.

Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank says “as India is moving up very significantly in the global export chain and in the global value chain, as a country, we are a lot more confident now and that is showing up in this particular agreement with the four European nations and it can act as a stepping stone for a few more going ahead in the coming days. So, it is very significant in my view. This angle is probably not very clearly scratched that we want to integrate more with the world in terms of trade and better ties. In that light, how significant do you see the free trade agreement between India and the European FTA block (India-EFTA)? Siddhartha Sanyal: This is very significant. First of all, one very silent revolution is taking place over the course of the last few years, maybe a decade or so, where very clearly in the global supply chain and the global value chain, India is silently moving up in a very significant fashion.

Supreme Court on Monday asked Delhi Chief Minister Arvind Kejriwal, who has challenged a Delhi High Court order upholding the summons issued to him as an accused in a criminal defamation case, whether he wanted to give an apology to the complainant in the matter. On February 26, Kejriwal told the apex court that he made a mistake by retweeting an allegedly defamatory video circulated by YouTuber Dhruv Rathee related to the BJP IT Cell. During the hearing on Monday, a bench of justices Sanjiv Khanna and Dipankar Datta was told by the counsel appearing for complainant Vikas Sankrityayan that Kejriwal may issue an apology on public platforms like microblogging platform 'X' or Instagram. «You tell us what you want. We can put it to the other side. We are not going to step into your shoes or the other side's shoes,» the bench told the counsel.

Investing.com — The main U.S. indices have grown strongly since October, but further gains may prove hard to come by without an earnings boost, according to analysts at Morgan Stanley.

This week will be dominated by inflation data and the bond auction returning to the 1 PM ET time slot. Today, a 3-year Treasury auction will be at 1 PM ET.

Mukul Agrawal portfolio: Gensol Engineering shares are one of those stocks listed on Dalal Street that has been in the retracement zone for a long. After the strong sell-off in the Indian stock market today, Gensol Engineering share price today touched a 10 percent lower circuit when it made an intraday low of ₹911.45 apiece on NSE.

draft tourism policy for Maharashtra, which will be tabled before the state cabinet soon, includes this ‘tourism zone’ as one of its provisions. Experimental tourism activities such as adventure tourism, rural tourism, wellness tourism and community tourism will serve as the main focus point of the policy. The draft policy includes a single-window clearance for the hospitality sector.

Nirmal Bang Equities sees "further downside risk to earnings for the Indian IT services industry for both FY25 and FY26 as current revenue assumptions seem aggressive in the context of industry commentary, the timing of turnaround in growth, prospects of US interest rate trajectory and uncertainty around US economic policies consequent to the presidential elections." "We expect 4-7 per cent constant currency (CC) revenue growth guidance by both Infosys and HCL Tech. Even this may be at risk if the Fed funds rate is not cut materially or if enterprise customers freeze up due to US election uncertainty.

Akintunde Odunsi is used to taking long, brisk walks. So he worried in 2021 when he started feeling so tired and short of breath that he had to turn back after a few minutes. The retired stockbroker, 73 years old, chalked up the fatigue to grief over the death of his sister.

₹3,100 crore have been acquired by real estate developers since 2022 in the area, JLL said. According to Anarock Property Consultants, the area's robust development and high demand, coupled with ongoing infrastructure improvements, are attracting both end-users and investors. A lot of projects are already in various stages of development, and there is huge potential for future development.

The 401(k) is doing double duty as both a retirement account and a source of emergency funds for more Americans. A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies, according to internal data from Vanguard Group. Overall, 3.6% of its plan participants did so last year, up from 2.8% in 2022 and a prepandemic average of about 2%.

diplomatic protest with India over Prime Minister Narendra Modi's visit to Arunachal Pradesh last week, reiterating its claim over the area by saying India's moves will «only complicate» the boundary question. Prime Minister Modi on Saturday dedicated to the nation the Sela Tunnel built at an altitude of 13,000 feet in Arunachal Pradesh that will provide all-weather connectivity to strategically located Tawang and is expected to ensure better movement of troops along the frontier region. The Rs 825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to military officials.

Supreme Court on Monday rejected a Maharashtra government application seeking a stay on the acquittal of former Delhi University professor G N Saibaba and others in the Maoist links case, and said the Bombay High Court order clearing them of the charges is «prima facie well-reasoned». A bench of justices B R Gavai and Sandeep Mehta, however, admitted the state government's appeal against the March 5 order of the high court. The bench also rejected the oral request of Additional Solicitor General S V Raju, appearing for the Maharashtra government, for early listing of the appeal and said it will come up for hearing in due course of time. «There cannot be any urgency to reverse order acquittal. Had it been the other way around, we would have considered,» the bench told Raju and asked him to file for expeditious hearing at a later stage.

CPM leader M Y Tarigami on Monday said he will try to mend the cracks that have emerged among PAGD constituents — the National Conference and the PDP — over seat sharing for the Lok Sabha polls in Kashmir. The PAGD — an amalgam of seven parties, including the NC and the PDP — was formed in the wake of the abrogation of Article 370 of the Constitution by the Centre in August 2109. «The emergence of PAGD was due to a crisis which still exists. There have been differences between the constituents recently which are out in public. I will still try to mend the gaps that have emerged,» Tarigami, who is the spokesperson of the PAGD, told reporters in Srinagar. The People's Alliance for Gupkar Declaration (PAGD) had a seat-sharing arrangement for the District Development Council (DDC) polls held in 2020.

IIT Madras) is collaborating with Indian space startup Vellon Space to advance extra-terrestrial manufacturing research and development. The collaboration marks a significant milestone in orbital ‘microgravity research’.

Gagan Banga, VC & MD, Indiabulls Housing Finance, says: “We have now reached a stage where over the last four to six quarters, we stabilised the overall business, scaled up the retail disbursals and whatever are the targeted segments for growth, the disbursals around that are coming along at a good pace. At this point in time, we believe that to grow and take the disbursals to the next level, we have set a goal that by the end of FY25, we should be disbursing close to about Rs 2,000 crore. By the end of FY26, we should be disbursing around Rs 3,000 crore a month.”

Electronics & IT (MeitY) has been working aggressively on multiple areas, particularly, to boost domestic semiconductor industry, and the use of artificial intelligence (AI) responsibly. In an interaction with ET's Muntazir Abbas, MeitY secretary, S Krishnan, a 1989 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who took over barely six months back, is at the helm of many prestigious initiatives, and in an exclusive interaction talks on semiconductor ecosystem, mobile components manufacturing, deepfakes menace, and implementation of the Digital Personal Data Protection (DPDP) Act 2023. Edited excerpts Let’s begin with the government's semiconductor ambition. Now, you have biggies like Micron and Tata, so what's next, and how are you looking at design in India?