UPS Financial News

NLC India through an offer for sale (OFS) this week, to raise up to ₹2,200 crore ($266 million) at current prices, Reuters reported Wednesday citing sources. The report said the government will offer to sell 5% of its stake in the state-run firm with an option to sell an additional 2% stake if there is more demand. The government holds a 79.2% stake in NLC India as of December 2023, whose shares have nearly tripled over the last year to ₹226.70 as of Wednesday.

₹98,374, or $1,183, in FY23. Despite its FY25 growth forecast being slightly below the RBI's 7% projection, Crisil maintained that India will remain the world's fastest-growing major economy.

1. Crompton Optimus Desert Air Cooler Crompton desert cooler comes with a large 100-litre tank capacity for uninterrupted cooling at night. The fan is designed to create a wide air throw to cool a large area at the same while the automatic swing function moves the air to an even wider space.

Tripura assembly and is likely to get two berths. State BJP president Rajib Bhattacharjee said the date for the swearing-in of Tipra Motha ministers has not been finalised yet. “The Tipra Motha is set to join the BJP-IPFT coalition government before the Parliamentary elections.

BSE that day, a Friday, to close at ₹793.05. By the next Friday, the stock had crashed more than 11%. It closed at ₹769.90 on 6 March.

ALSO READ: Babar Azam, coaches neglected team's fitness; some Pakistani players couldn’t finish 2-km run, claims Mohammad Hafeez "When I was watching the matches in Lahore, I don't think a single one of you hit a six that went into the stands. Whenever a six like that was hit, I used to think a foreign player must have hit that. I have asked the board to make a plan that gets every player's fitness up to speed.

₹50,000 in a four-year-old case of kidnapping a UP Jal Nigam project manager. On Tuesday, the court held Dhananjay Singh and his associate Santosh Vikram guilty of kidnapping ‘Namami Gange’ project manager Abhinav Singhal and extortion. Additional Sessions Judge Sharad Kumar Tripathi held Singh and Vikram guilty.

OTTAWA — The parliamentary budget officer is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

Canada’s fourth-quarter GDP numbers were published last week, and while the economy barely dodged the technical definition of a recession, the figures again painted an ugly picture of Canadians’ economic well-being. Adjusted for inflation, GDP barely budged in Q4. Add the effect of population growth, and real GDP per capita declined for the sixth consecutive quarter. Relative to Q3:2015, the last quarter before the Trudeau Liberals took power, it is up just 0.8 per cent, versus 15.4 per cent in the United States. That constitutes a shocking relative decline in Canadians’ standard of living.

Google and Indian internet companies have agreed to a four-month extension in the timeline for payment of service fees to the Android maker. The development marks a pause in the acrimonious face-off between Indian internet firms and Google over the US firm’s billing policies that finally prompted the Indian IT ministry to step in to play peacemaker.

Gold stood tall near previous session's record highs on Wednesday as markets expect Federal Reserve Chair Jerome Powell's testimony later in the day to reveal clues on a potential June rate cut. Spot gold was steady at $2,126.75 per ounce, as of 1107 GMT after hitting a historic high of $2,141.59 per ounce in the prior session. U.S. gold futures fell 0.3% to $2,135.20.

Social media startup Hunch has raised $23 million in a funding round led by US-based Alpha Wave and South Korea-based Hashed Emergent. The firm did not disclose the valuation at which the funding, which came as a primary infusion, was done. Hunch had earlier raised $3 million in seed funding in December 2022, when it first launched its app, cofounder and chief executive Ish Goel told ET on Wednesday.

The S&P BSE Sensex rallied over 400 points while the Nifty50 closed with gains of over 100 points to hit a fresh closing high.

By Karen Freifeld

The integration provides a seamless on-ramp for fiat-to-crypto purchases to the MetaMask Wallet, simplifying the process of adding cryptocurrencies to self-custodial wallets.Mazen Eljundi, global business head of crypto at Revolut, says: "This service ensures high success rates for transactions done within the Revolut ecosystem and low fees for all customers. We'll offer customers the possibility to buy more than 20 tokens with their fiat currency smoothly, securely, and without obstructions.”Catering to users in the UK and Europe, customers can top-up their wallets from the fiat currency balance in their Revolut account or via purchases with Visa or Mastercard cardsLorenzo Santos, senior product manager at Consensys, the developer of MetaMask says the aim is to make crypto more approachable and less complicated.

Johnny Roger’s owner Barrett Dabbs details how inflation is hurting his Concord, North Carolina barbecue and burger joint on ‘Varney & Co.’

China has announced a 7.2% increase in its defence budget, crossing $230 billion, exceeding three times India's military expenditure. This rise comes despite a slowdown in China's economic growth and its refusal to de-escalate tensions along the Line of Actual Control (LAC) with India. Strategic Intent and Military Modernisation China's two-million-strong armed forces are rapidly modernizing to deter the US from interference, especially in Taiwan. Recent moves include strengthening conventional military and nuclear forces and strategic moves in the Indian Ocean Region (IOR), including a military assistance pact with the Maldives.

Haier is «buoyant» about the fast-growing Indian market where it aims to become the second largest player in the next five years, with increased investments in manufacturing and product portfolio expansion, the company's India President N Satish said on Wednesday. Haier Appliances India, a part of the Chinese multinational Haier Group, is investing around Rs 800 crore on capacity expansion here this year, and has also lined up future expansion plans, he said. The company is also increasing indigenisation, which is a key «thrust area» for the company, where it expects local souring to contribute up to 80 per cent across products in next two years. Haier India is also increasing exports from its Indian operations to other countries and is scouting for new markets in the Middle East and African countries, besides expanding its retail business in the domestic markets.

Agra Metro was inaugurated virtually by Prime Minister Narendra Modi on Wednesday as Uttar Pradesh Chief Minister Yogi Adityanath and other leaders took the inaugural train ride from the Taj Mahal station to Taj Mahal East station here. Metro services on the 6-km corridor will be available to commuters from Thursday onwards, with stops at Taj Mahal East station, Captain Shubham Gupta station, Fatehabad Road station, Taj Mahal station and Mankameshwar Temple station. The priority corridor inaugurated remotely by the prime minister from Kolkata will have three elevated and three underground stations, according to an official statement. Speaking at the flagging off ceremony at the Taj Mahal station, Adityanath said Agra Metro would provide world-class public transport to locals and tourists visiting the city.

Shares of Kotak Mahindra Bank Ltd.(up 2.57 per cent), Axis Bank Ltd.(up 2.2 per cent), Bank of Baroda(up 1.61 per cent), Federal Bank Ltd.(up 1.33 per cent) and ICICI Bank Ltd.(up 0.84 per cent) ended the day as top gainers in the pack.