UPS Financial News

Ram Mandir inauguration in January, hackers and cyber criminals, predominantly from China and Pakistan, were constantly targeting the websites of the Ram Temple, Prasar Bharti and other digital assets of critical infrastructure in Uttar Pradesh (UP), officials told ET. The government had blocked 1244 IP addresses, of which 999 were from China alone. «The rest of the blocked addresses were from Pakistan, Hong Kong and Cambodia,» officials said. Since the government had anticipated a rise in cyber-attacks during the inauguration, all the pre-emptive measures were put in place. The Telecom Security Operation Centre (TSOC) was monitoring around 264 websites including that of the Ram Temple, Prasar Bharti, UP Police, airport, UP tourism, and the power grid among others round the clock to prevent any cyber-attack. «It was a 7-day drill to guard the digital assets as we had anticipated a rise in cyber-attacks. Since the main event was on January 21, we had to secure the assets before and after the event also,» a person privy to the details said.

Kotak Mahindra Bank founder Uday Kotak on Tuesday pitched for a balanced regulatory approach across sectors, contending that too many «guardrails» could weigh down India's growth and hurt its journey towards being a developed nation, while too few of them could invite trouble. The regulators, he suggested, should avoid undue and excessive caution but instead respond swiftly to crises or «accidents», he said. Addressing a two-day conference of the National Financial Reporting Authority (NFRA), Kotak said sacrificing growth to tackle risks is not a solution but problems need to be dealt with in an innovative manner. Kotak's comments come at a time when watchdogs across the financial sector-from the Reserve Bank of India to the Competition Commission of India-are increasingly facing pressure to balance regulations with innovation, especially due to the fast-paced evolution in the technology space. He said the aspirational annual growth rate of 7.5-8% over the next 20-25 years will require significant capacity building to match up to the fast transformation in the economic landscape.

Bombay High Court has acquitted Delhi University ex-professor GN Saibaba and five others, who were convicted under Unlawful Activities Prevention Act, for want of proof apart from procedural flaws. The bench held that the prosecution failed to establish legal seizure of material and could not prove anything incriminating against the accused. The case was «unsustainable in the hands of law», the court said upholding the appeals of the defendants. The bench also said the trial was vitiated by an invalid sanction to prosecute the accused. The trial violated mandatory provisions of law and amounted to failure of justice, a division bench of justices Vinay G Joshi and Valmiki SA Menezes said in the verdict on Tuesday. Saibaba, 54, is wheelchair-bound and has been lodged in Nagpur central jail for years. In May 2014, the former DU professor was arrested by the anti-Naxal operations unit of the Maharashtra Police accusing him of being the 'urban contact' of banned CPI(Maoist).

This list of kurtis by Biba features fresh designs and great color combinations that are well suited for any occasion of the season. Check out the article to buy Biba kurtis and Biba kurti sets online at best prices.

Sudeep Pharma is in talks with Avendus Capital to secure ₹800 crore in debt to buy out its joint venture partner, German manufacturer JRS Pharma, and take full ownership of the pharmaceutical company. «Sudeep Pharma is looking to buy out the share of another shareholder and for this they are looking to borrow around ₹800 crore,» said a person close to the development. «They are looking to buy out 50% of its JV partner JRS Pharma.» The Indian owner of Sudeep Pharma is Sujit Jaysukh Bhayani, its MD and CEO, and his family.

service sector growth momentum eased in February but remained robust despite a slowdown in new orders and output, according to a private survey released on Tuesday. The seasonally adjusted HSBC India Services Business Activity Index fell to 60.6 in February from 61.8 in the previous month. A level of over 50 indicates expansion. «A climbdown from a six-month high in January was largely expected, but at 60+, still indicates a sharp expansion rate,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) Economics, Barclays. Despite the decline, service activity in February was at its second highest level in five months, but milder growth during the month clouded the business outlook. «Due to a slowdown in growth in new orders and output, services companies' outlook for future business activity, while remaining strongly positive, weakened slightly,» said Ines Lam, economist, HSBC. Of the 400 firms surveyed for the period, 26% still expect growth in the year ahead, but 2% predict a decline. Employment suffered with survey members indicating that employment numbers were sufficient.

Bitcoin’s price hit a new high on Tuesday after a months-long rally, the latest step on a volatile journey for the world’s largest cryptocurrency.

NASA’s James Webb Space Telescope (JWST) for the next two years. According to the STScl Cycle 3, a total of 253 General Observer Programs are selected, dedicating approximately 5,500 hours of James Webb Telescope’s prime time and up to 1,000 hours of parallel time to explore various celestial phenomena in the next two years.

renunciation: customary and non-customary. The first kind is about abstaining from society and retiring to a remote location, ideally a monastery, by abiding by the rules established by a particular sect or faith. Here, you might have to go through several procedures, like acquiring an initiation from a guru, giving up all you own, tonsuring your head, and donning exclusive outfits.

anti-profiteering mechanism set up under the GST regime was an initial nudge aimed to ensure that companies passed on the 'benefit' — be it a fall in tax rates, or an enhanced input tax credit — arising from the GST roll-out to the end consumer by way of commensurate reduction in prices. The adjudicating authority, National Anti-Profiteering Authority (NAA) set up in 2017, had a two-year tenure. But this was extended twice, till November 2022, with the mantle passed on to CCI subsequently. This extension contrasts with international precedents, such as Australia's approach, where similar provisions were enforced, following the introduction of GST, although with a sunset clause. In late January, Delhi High Court, responding to many writ petitions filed by India Inc across sectors from FMCG to real estate, upheld the constitutional validity of the anti-profiteering provisions. It noted that the objective of Section 171 of Central GST Act, which mandates the passing on of GST benefits, is grounded in consumer welfare and equity principles.

BHEL) on Tuesday said it has bagged an order from power giant NTPC to set up a 1,600 MW Singrauli thermal power project (Stage-II). The size of the order is more than Rs 9,500 crore, excluding GST (goods and services tax), BHEL said in a regulatory filing. «BHEL has received an order from NTPC for setting up the Singrauli Super Thermal Power Project, Stage-III (2x800 MW) in Sonebhadra District, Uttar Pradesh,» it stated.

Ordering in gourmet food provides a double joy — offering a delicious feast, without having to step out of your second-favourite destination for a fine meal: home. A smartphone order opens a menu to culinary delights brought to your doorstep. For starters, the excitement builds as you peruse the menu, each item described in vivid detail, tempting you with its flavours and ingredients. The sheer variety available ensures there's something to suit every taste and craving, whether it's delicate sushi rolls or decadent desserts. Then, for a side dish comes the anticipation as you await the arrival of your order. The mere thought of opening up the boxes ignites your senses, hinting at the gastronomic delights to come.

MUMBAI : IIFL Finance Ltd on Tuesday tried to assuage investor concerns, stating there were no governance lapses, after the Reserve Bank of India (RBI) barred the non-banking financial company (NBFC) from offering any loans against gold. On Tuesday morning, shares of IIFL Finance opened 20% lower as investors dumped shares after the banking regulator issued a statement on Monday evening that detailed some lapses. “We wish to make it unequivocally clear that there are no governance or ethical issues," said Nirmal Jain, managing director, in a call with analysts on Tuesday.

NDTV, the person speaking in the video is Gagandeep Singh. He says that they had left for Russia on December 27. They had a valid visa to stay in the country for 90 days.

Mint analysed class profiles from batches 2017-19 to 2022-24 for two-year postgraduate programmes at some of the top B-schools. In the case of Indian School of Business (ISB), we considered its one-year management programme. The analysis showed that IIM-Ahmedabad has persistently struggled with low gender diversity among students, reaching a low of 28 females for every 100 males in the 2020-22 batch.

MUMBAI : When office commute platform MoveInSync decided to raise $15 million in January, it received term sheets from prospective investors within a week of launching the deal. Though such rapid response is still rare, many investors said deal activity has begun to pick up pace, signalling the approaching end to an agonizing funding winter. While funding in the very early stages continued in the past two years, growth-stage funding had slowed to a crawl.

₹2,800 crore through a block deal, reported CNBC-Awaaz on Tuesday. The floor price for the block deal has been fixed at ₹159.4 per share, which represents a 4 per cent discount on the current market price of Zomato stock, according to the report. Shares of Zomato closed 1.8 per cent lower at ₹166.8 on the BSE on Tuesday.

By David Lawder

New York (Reuters) -Bitcoin hit a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

By Polina Devitt and Ashitha Shivaprasad

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.