UPS Financial News

BJP, which has consistently failed to win the Chhindwara Lok Sabha seat, the bastion of Congress veteran Kamal Nath in Madhya Pradesh, is making all out efforts this time to bag it, and set the target of inducting 50,000 workers from the rival party ahead of the polls as part of its ambitious plan. Kamal Nath held the Chhindwara Lok Sabha seat as many as nine times and it continues to remain with the family as his son Nakul Nath is currently an MP from there. Speculation was recently rife that the senior Nath may join the Bharatiya Janata Party (BJP) along with his son. However, the 77-old-leader, who was the chief minister of Madhya Pradesh for 15 months till March 2020, dismissed the buzz. Chhindwara has always remained the citadel of Congress. From 1952, the party lost this Lok Sabha seat just once in the 1997 by-election. During the 2019 general elections, the BJP bagged 28 out of 29 in MP, but failed to win Chhindwara. According to BJP leaders, the party is eyeing to achieve its ambitious plan of inducting around 50,000 Congress leaders and workers into its fold in Chhindwara ahead of the Lok Sabha polls that are likely to be held in April-May.

Although many crypto experts rightly revere Bitcoin as the world’s most valuable blockchain, until relatively recently it could not be described as scalable.

By Stephen Nellis

Silence Laboratories, which builds products to help enterprises and companies ensure data privacy through technologies like multiparty computation (MPC), has raised $4.1 million in a funding round. The round was led by Pi Ventures and Kira Studio, along with other angel investors. The newly-acquired funds are earmarked for scaling up its tech and business team, and to invest in research and development initiatives, the company said.

suicide rates, according to a study conducted in China. Researchers at the University of California, Santa Barbara, estimate that China's efforts to reduce air pollution have prevented 46,000 suicide deaths in the country over just five years. The team used weather conditions to tease apart confounding factors affecting pollution and suicide rates, arriving at what they consider to be a truly causal connection. The results, published in the journal Nature Sustainability, unearth air quality as a key factor influencing mental health.

C3.ai (NYSE:AI) saw its shares surge more than 15% in premarket trading Thursday following the company’s better-than-expected Q3 report and upbeat guidance.

Indian Navy next week when it inducts the aerial marvel, the MH 60R helicopter into its fleet, bolstering the Anti-Submarine Warfare (ASW) capabilities. Defence Minister Rajnath Singh will commission the newly inducted MH 60R Seahawk multi-role helicopter at the INS Garuda here on March 6, Navy officials said. The squadron will be commissioned in the Indian Navy as INAS 334, under the Command of Captain M Abhisheik Ram. The Indian government signed a deal with the United States of America in February 2020, to acquire 24 fourth-generation MH 60R helicopters. Six of them have been delivered to the Indian Navy so far.

Quota activist Manoj Jarange on Thursday claimed that if he is arrested, crores of Marathas will stage a hunger strike. Talking to reporters at a private hospital in Maharashtra's Chhatrapati Sambhajinagar, where he is currently undergoing treatment after ending his fast at his native Antarwali Sarati village in Jalna three days back, Jarange said the Maratha community is fighting for its rights. The government still has a chance to implement the «sage soyre» (blood relatives of Kunbi Marathas) draft notification. The community will appreciate it, he said. The draft notification was issued in January for issuing certificates to eligible Kunbi (OBC) Marathas.

International Game Technology said on Thursday it was separating its Global Gaming and PlayDigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt. The deal follows a review of the two units and will leave IGT a pure-play global lottery business by separating its offerings such as land-based gaming, iGaming, sports-betting and fintech. The lottery business made up more than half of its overall revenue in the third quarter.

Manipur police commandos on Wednesday registered arms down protest in connection with attack on the police officer and police are not allowed to retaliate, the police stated that police are a united team from top to bottom and any attack on anyone will be taken seriously and stringent action taken. District magistrates in several districts have requested additional deployment of Assam Rifles anticipating law and order problems. The police stated use of social media to target any officer or unit will be strongly dealt with by taking up cases and action. The police added Manipur Police being targeted, the need for calling in Army and Other Central forces will have to be enhanced.

global economic slowdown and declining confidence in the economic outlook in Asia-Pacific region, India's mid-market businesses are hopeful of positive prospects in the near future, according to a report by Grant Thornton. Nearly 80 per cent of Indian mid-market businesses maintain a positive economic outlook in the next 12 months, up from 78% in H1 2023, the International Business Report (IBR) revealed. The survey conducted in the latter half of 2023 also noted that this is fuelled by India's domestic market and government initiatives such as 'Make in India', which are creating a favorable environment for growth.

NEW DELHI : The Union cabinet has approved ₹75,021 crore towards subsidies for installing solar power equipment on the rooftops of 10 million homes, an ambitious scheme that could result in substantial household savings as well as reduce the strain on electricity grids. Under this scheme, called the PM Surya Ghar Muft Bijli Yojana, the government will provide a financial assistance, or subsidy, of ₹30,000 for installing solar power equipment of 1 kilowatt (kW).

₹5,000 crore($603.05 million), while mid-cap stocks are those with market values of between ₹5,000 crore and ₹20,000 crore. Small- and mid-cap stocks are generally less liquid compared to their large-cap peers. Assets managed by small-cap funds in India vaulted 86.5% over a 10-month period to ₹2.48 trillion ($29.92 billion) as of end-January and mid-cap funds jumped 58.5% to ₹2.9 trillion.

% growth in the December quarter, attributed mainly to a robust growth in manufacturing and construction sectors, as it maintained its status as the world's fastest-growing major economy. However, the growth during the fiscal third quarter period was a major step up from the 4.4% recorded in the corresponding period of the previous fiscal year.

stock market, navigating through terminology, and making informed investment decisions are essential steps in laying a strong foundation in equity trading. This comprehensive guide aims to provide beginners with the information and tools needed to kickstart their equity trading journey in India, covering everything from setting up a demat account to analysing stocks and developing trading strategies. Equity trading involves buying and selling shares of company stocks, essentially holding a stake in a company, and hoping for its success to drive appreciation in the value of the shares.

education loan requires to be informed that it would influence their credit score over a period. Similarly, it is imperative for proprietors to understand the significance of their individual credit scores and the need to maintain it positively as it would directly impact their business. Whether you're new to the credit realm or looking to enhance your financial standing, this beginner's guide aims to demystify the complexities of credit and offer practical insights on improving your credit score.

₹65.88 crore initial public offering (IPO) of small and medium-sized enterprise M.V.K. Agro Food Product opened for subscription today, Thursday, February 29, 2024. The issue, which will close on Monday, March 4, has a price of ₹120 per share.

(Reuters) -Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, driven by gains in its domestic personal and business banking unit that offset a blow from higher provisions it set aside for potential bad debts.

Stocks finished the day lower but managed to hold onto support, and it seems to suggest that today we are likely to see some kind of move.

The NSE Nifty index ended the session 31.65 points up at 21982.8, while BSE Sensex rose 195.42 points to 72500.3.

Benchmark NSE Nifty closed 31.65 points up at 21982.8 amid buying in frontline bluechip counters.