UPS Financial News

Also read: Last minute tax saving: Here’s a list of tax saving FDs with high interest rates, lock in before March 31, 2025

Delhi High Court has held. The high court said qualified wives, having an earning capacity but desirous of remaining idle, should not set up a claim for interim maintenance. «Section 125 (order for maintenance of wives, children and parents) of the CrPC carries the legislative intent to maintain equality among the spouses, provide protection to the wives, children and parents, and not promote idleness» Justice Chandra Dhari Singh said in an order on Wednesday. The court passed the order while dismissing a woman's plea challenging a trial court's order denying her interim maintenance from her estranged husband. The court, however, encouraged the woman to actively look for a job to become self-sufficient as she already got wide exposure and is aware of the worldly affairs unlike other women who are not educated and completely dependent upon their spouses for basic sustenance. The couple got married in December 2019 and left for Singapore. It was alleged by the woman that owing to the cruelties done to her by her husband and his family, she returned to India in February 2021.

Thyrocare founder A Velumani recently highlighted the emotional toll of mass layoffs, reflecting on how many individuals celebrate securing jobs with major brands, only to face unexpected job losses later. His remarks came in response to reports that Amazon is planning to lay off 14,000 employees, a significant reduction in its workforce. Many other tech companies like Meta and Alphabet have announced layoffs this year. Thyrocare founder A Velumani in a post on X said: «Imagine how many might have celebrated for getting a campus placement with such brands. Now how many might feel depressed! It is not 10 or 20. 100 or 200. 1000 or 2000. 14000. Do not celebrate too early. Career or business — It’s Marathon Race.»

PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore, including consideration of Rs 925 crore received on March 4, 2025, from ONGC Green Ltd (OGL), the company announced the completion of transaction of divestment of 100 per cent stake of PTC Energy Ltd to OGL on March 19, 2025, according to a regulatory filing.

The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.

PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period.

Benchmark NSE Nifty index rose 147.86 points to 23055.45 amid buying in frontline bluechip stocks.

«I am kind of glad that the correction happened. It was a little violent compared to what the market would have expected, but sanity seems to be coming back to some extent,» says Gautam Trivedi, Nepean Capital. Are the markers looking up? It has been a good rebound I would say for the last three days but do not know how long it is going to last. Gautam Trivedi: I still believe that we have seen a huge correction in the market and it was long overdue, people had been forecasting that for 6 to 12 months, and finally when it did happen, it did set up some degree of panic in the market. So, we are in a cyclical slowdown, not a structural one and people are relooking at earnings estimates that mean some downgrades have to come in and there are clearly a few sectors which QSR for example, building materials for example, a lot of these sectors are still struggling with overall sales growth.

Garden Reach Shipbuilders & Engineers shares jumped 8.5% in morning trade on Thursday, adding to the near 20% gain in the previous day after siging an initial pact with PWD Nagaland for Modular Steel Bridges. GRSE signed a Memorandum of Understanding (MoU) with PWD Nagaland to provide eight sets of double-lane modular steel bridges in the state. This agreement is the first of its kind between GRSE and a North Eastern state and is in line with the Government of India’s Make in India initiative aimed at boosting regional development. GRSE's shares were trading at Rs 1780.05 apiece, up 8.5% at 11:15 am. The BSE Sensex was up 0.7%.

The official X page of the IPL on late Wednesday dropped some thrilling updates, and promising to make it an unforgettable night, for both cricket and music fans. First up, the sensational Karan Aujla will take the stage, and his performance is expected to give the 'ultimate vibe check'. «Get ready for the ultimate vibe check! Global Superstar Karan Aujla is all set to light up the #TATAIPL 18 Opening Ceremony, bringing the fire and setting new trends like never before!» the league's X handle posted.

Ajay Bagga, Market Expert, says it will not be very politically prudential or possible to bring the value chains back into the US. But when it is organised chaos and insanity as a stated policy, it is very difficult then for markets and it turns volatile. So, April 2nd is a very big event risk. That might just end with a whimper and get postponed for another three months, and that means volatility will again get enhanced. Yesterday, the Bank Global Manager survey showed 55% are putting the risk of a global recession because of Trump trade wars as the biggest risk. Bagga says by June, a bottom should be in place. Price wise, 21,800 was probably a bottom price level. Now from here, markets could go down in the very short term on some event risk, but fundamentally, we are better off than we were in September. Let us first address the big market setup. The markets are finally rebounding. Is relief finally on the anvil or there is more concern on the horizon? Have we bottomed out? Ajay Bagga: It is difficult to say that we have bottomed out but if we look at the macro, we are much better off than we were in September.

Upcoming cars in India)Maruti Suzuki offers the Baleno while facing competition from Hyundai's i20 and the i20 N Line. Tata Motors presents the Altroz and its sportier variant the Altroz Racer.

Subscribe to enjoy similar stories. Earlier this year, the National Statistical Office (NSO) released the report for the Household Consumption Expenditure Survey (HCES) for the period August 2023 to July 2024. This is the second in the series of HCES data after the HCES 2022-23, for which a fact sheet was released just before the announcement of general elections in 2024.

Vageshwari Properties, an entity that counts Reliance Industries' board member and executive director Nikhil Meswani's wife Elina as a director, has acquired Laxmi Nivas, an iconic bungalow located on south Mumbai's plush Nepean Sea Road, for over ₹276 crore. The over 120-year-old sea-view property situated diagonally opposite the Russian consulate has a total built up area of nearly 19,892 sq ft spanning across ground plus two upper floors. The sellers had acquired the bungalow spread over around half-an-acre from a Parsi family for about ₹1.2 lakh in 1917. The bungalow, built in 1904, holds significant historical importance, having served as a safe house for prominent freedom fighters during the 1940s Quit India movement. Notable figures such as Ram Manohar Lohia, Jayaprakash Narayan, Achyut Patwardhan and Aruna Asaf Ali sought refuge here. It also functioned as a broadcasting centre for Netaji Subhash Chandra Bose's Azad Hind Radio during this period.

recession talk in the United States is growing louder with each passing day and this will be completely driven by President Trump's upending of tariff structures. A recent Reuters poll found that 95% of economists across Canada, the US and Mexico thought the risk of a recession in their respective countries had increased following Trump's tariff rollout. Going by his talk, the President is not going to relent anytime soon. In fact he is doubling down on his rhetoric to impose reciprocal and sectoral tariffs on various countries come April 2. India, this time, will be on the receiving end.

Xiaomi Technology India is held up as of December-end as local authorities have attached a few of its bank accounts, its Chinese parent said, underlining that the smartphone maker is open to enter into settlement negotiations. The wholly owned unit of Xiaomi Corp has been facing investigations and notifications by multiple authorities since December 2021. These include the income tax department, Directorate of Revenue Intelligence, and Directorate of Enforcement. These are in relation to compliance of income tax, Customs duties and foreign exchange regulations. Xiaomi Corp in its 2024 earnings report said the cases in India are currently in the hearing stages and not yet concluded, adding that it can receive judgments or enter into settlements that may adversely affect operating results or cash flows.

Authentic Brands Group (Authentic), a global brand development and licensing platform, said it has partnered Brand Concepts Ltd., to launch Juicy Couture bags and accessories in India. Juicy Couture, a brand known for its trendy fashion, bold use of colors and glamorous aesthetic appeals to a young, fashion-conscious audience, it said. “We are delighted to have been granted the license for Juicy Couture's Handbags and lifestyle accessories in India," said Abhinav Kumar, cofounder and CEO of Brand Concepts Ltd. «Our expertise in curating and delivering premium fashion accessories aligns seamlessly with Juicy Couture's reputation for style. The Indian demographic, with its growing aspiration for high-quality and iconic brands, makes this partnership particularly exciting. We are honoured to be Authentic’s trusted partner in bringing this distinguished brand to a market that values both elegance and opulence. We are confident this partnership will resonate deeply with the discerning Indian consumer.”

Axis Securities has a buy call on Aavas Financiers with a target price of Rs 2055. The current market price of Aavas Financiers is Rs 1864.6. The time period given by the analyst is a month when Aavas Financiers price can reach the defined target. Aavas Financiers, incorporated in 2011, is a Mid Cap company with a market cap of Rs 14751.61 crore, operating in the NBFC sector. Aavas Financiers' key products/revenue segments include Interest, Income From Financial Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. Fed officials essentially project stagflation this year, with both lower growth and higher inflation. Federal Reserve officials didn’t alter interest rates this week, and investors shouldn’t get too comfortable with their projections for two rate cuts later this year.

Yemen early Thursday. In Jerusalem, several explosions were heard shortly after the sirens sounded. There were no immediate reports of injuries. Yemen's Houthi group this week resumed missile attacks following the collapse of Israel's ceasefire with Hamas. Police also reported sirens in central Israel in the 4 a.m. attack. The MADA rescue service says it has received no reports of injuries. Israel said Wednesday its troops retook part of a corridor that bisects Gaza, and its defense minister warned that attacks would intensify until Hamas frees dozens of hostages and gives up control of the territory.

NHPC shares will be in focus on Thursday after the company's board approved a borrowing plan to raise up to Rs 6,300 crore in debt for the financial year 2025–26. According to an exchange filing, the funds will be raised through secured or unsecured corporate bonds—redeemable and non-convertible—in one or more tranches on a private placement basis, along with term loans or external commercial borrowings.