UPS Financial News

Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts. The deadline for linking the wallet attached with PPBL with other banks has been fixed for March 15, the governor said, ruling out any further extension.

Bills on time: Payment history is a significant factor in your credit score. Ensure you pay all your bills, including credit card bills, EMIs, and utility bills, on time. Setting up automatic payments or reminders can help you stay on track.

Bandhan Bank (down 1.49 per cent), AU Small Finance Bank (down 0.66 per cent) and SBI (down 0.03 per cent) - ended lower. Kotak Mahindra Bank (up 2.56 per cent), Axis Bank (up 2.11 per cent), Bank of Baroda (up 1.40 per cent) and ICICI Bank (up 1.01 per cent) closed as the top gainers in the index on Wednesday. Also Read: Stock market today: Sensex settles above 74k for first time, Nifty 50 also hits record high; mid, smallcaps fall Lately, banking stocks have been experiencing strong momentum, serving as key contributors to gains in both their sectoral index and the benchmark Nifty 50.

15 states and one US territory cast ballots on Tuesday. The states which were up for grabs on Tuesday, which include the giant battlegrounds of California and Texas, offered 70 per cent of the delegates a candidate needs to be named the presumptive nominee. They do not officially become the nominees until they are confirmed by their party conventions later in the summer.

External Affairs, Government of India and the US Department of State. According to the MEA release, such exchanges have helped bring the people of India and the United States closer through opportunities that enrich fellows’ academic, research, teaching, and professional capacities.

BSE data. JG Chemicals had raised ₹75.35 crore from anchor investors on Monday, March 4. Issue opened for subscription on Tuesday, March 5, and will close on Thursday, March 7.

ALSO READ: Dharamsala curator may prepare pitch for 5th Test after discussing with Indian team management "There was a guy called Rishabh Pant in our team, probably Ben Duckett hasn't seen him play," Hindustan Times quoted Rohit as saying during the press conference. Jaiswal emerged as India's top-scoring batter in the ongoing Test series against England, scoring 655 runs in 4 matches so far at an average of 94.57 and a strike rate of 78.63. Earlier, Duckett had suggested that the England team's 'Bazball' style of play should be given credit for encouraging the left-handed Indian opener to play in the way he has batted so far.

Nakoda Group Of Industries Ltd.(up 19.98%), Varun Beverages Ltd.(up 3.94%), Euro India Fresh Foods Ltd.(up 2.02%), Bikaji Foods International Ltd.(up 1.86%), Tata Consumer Products Ltd.(up 1.63%), Tasty Bite Eatables Ltd.(up 1.25%), Britannia Industries Ltd.(up 1.15%), Hatsun Agro Products Ltd.(up 0.59%), Mrs. Bectors Food Specialities Ltd.(up 0.50%) and Colgate-Palmolive(India)Ltd.(up 0.47%) stood among the top gainers.

Benchmark NSE Nifty closed 117.75 points up at 22474.05 amid buying in frontline bluechip counters.

Shares of Mahindra Lifespace Developers Ltd.(up 0.8 per cent) and Prestige Estates Projects Ltd.(up 0.07 per cent) ended the day as top gainers in the pack.

India Inc is set to see a 9.6% salary increase on average in 2024, similar to the actual increase last year, according to the second edition of EY ‘Future of Pay 2024’ report. Overall attrition fell to 18.3% in 2023 (from 21.2% in 2022) and is set to gradually decline over the next few years as companies prioritise cost management and employee well-being, stabilising the workforce amid high talent demand, it said.

Muft Bijli Yojana. With the help of this program, up to one crore families in India can receive financial assistance for installing solar panels on their roofs. PM Surya Ghar Muft Bijli Yojana: Step-by-step guide on how to get subsidy in your bank account within 30 days According to a Press Information Bureau (PIB) release dated February 29, 2024, “Postmen will assist households in registration. We encourage all individuals to engage and take advantage of this opportunity for a cleaner, cost-effective energy future. Postmen will assist households in registration. For more info, visit https://pmsuryaghar.gov.in/ or contact the area postman. Please visit your nearest Post Office for further details.”

Shaktikanta Das, Governor, the Reserve Bank of India, says «given the uncertainties that we have, including weather-related events, we would like inflation to durably be around 4%. It cannot be just a one-off number or one-month number touching 4% which will give us satisfaction. It has to be sustainable and durable at around 4%. That will give us greater confidence, but the direction is very clear. Inflation is on a downward trajectory. Ever since you took over as the Governor of Reserve Bank of India, December 2018, is this the best macro and the economy set up we have seen? Shaktikanta Das: Yes, in a long time, not just in the last five years. Of course, in the last five years, we have seen several turbulent moments initially coming from the collapse of the IL&FS, followed by the COVID and many other external developments. So, we have gone through a very turbulent period.

By Swati Bhat

Shares of HCL Technologies Ltd.(up 1.54 per cent), Persistent Systems Ltd.(up 1.42 per cent), Tata Consultancy Services Ltd.(up 1.31 per cent), Infosys Ltd.(up 0.69 per cent) and LTIMindtree Ltd.(up 0.64 per cent) ended the day as top gainers in the pack.

Avadh Sugar & Energy Ltd.(up 0.62%) and Ponni Sugars(Erode)Ltd.(up 0.46%) stood among the top gainers.

Shares of Bajaj Auto Ltd.(up 3.05 per cent), Mahindra & Mahindra Ltd.(up 1.62 per cent), Hero MotoCorp Ltd.(up 0.99 per cent), Balkrishna Industries Ltd.(up 0.43 per cent) and MRF Ltd.(up 0.24 per cent) ended the day as top gainers in the pack.

aviation regulator Directorate General for Civil Aviation (DGCA) has given new airlines Fly 91 Air Operator's Certificate (AOC). Fly91, which is helmed by top aviation veterans, has the tagline 'Bharat Unbound'. The airline is promoted by Harsha Raghavan, the former head of Fairfax India and Manoj Chacko, former executive vice president of defunct Kingfisher Airlines. The airline will have the new Goa airport built by GMR as its main base, while the coastal state will also house the headquarter of an airline for the first time.

JD.com reported fourth-quarter revenue above estimates on Wednesday and upsized its share repurchase program, as aggressive price cuts helped revive demand from consumers grappling with an uncertain economy. The company's US-listed shares rose 9.4% in premarket trading.

Ministry of Coal on Wednesday said it has sought feedback from interested government as well as private entities for establishment of coal gasification plants in the country. The ministry said it has issued three draft request for proposals (RFPs) for consultation on coal gasification scheme. «Issued three draft RFPs to solicit feedback from interested government PSUs and private investors for the establishment of coal gasification plants in India,» it said in a statement. The stakeholders can provide their feedback and suggestions until March 20, it said.

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