UPS Financial News

Varun Beverages Ltd.(up 3.97%), Dangee Dums Ltd.(up 3.88%), LT Foods Ltd.(up 3.84%), Dodla Dairy Ltd.(up 3.44%), Godrej Consumer Products Ltd.(up 3.34%), Bajaj Consumer Care Ltd.(up 3.23%), Heritage Foods Ltd.(up 3.22%), ADF Foods Ltd.(up 2.72%), JHS Svendgaard Laboratories Ltd.(up 2.51%) and Jyothy Labs Ltd.(up 2.42%) were among the top gainers.

Santosh Rao, Head of Research/Partner, Manhattan Venture Partners, says foreign funds flows will ultimately come into India because India is the fastest growing economy in the world but right now, there is much better risk-reward outside India. So, right now, money is getting scattered around other places. But ultimately, it will come back to India. Rao also says that the Fed will probably have one cut this year and more next year when the US economy is expected to slow down. They won’t cut rates now because the prices are still high and there is a greater threat of inflation. US retail sales rose less than forecast in February, and the previous month was revised down to mark the biggest drop since July 2021. Anxiety is building among US consumers about the likely impact from US tariffs on the economy and their pocketbooks. China on the other hand, has announced a «Special Action Plan to Boost Consumption» in a bid to prop up domestic consumption in the world's second largest economy. How do you see these things impacting US consumers? Santosh Rao: Overall, right now, the US consumer is getting cautious. The underlying data right now is kind of soft, but people are really worried about the future, what is coming down the pike? The inflation expectations are high and that kind of feeds into the narrative and that one thing leads to another, so the prices keep going up. So, the big inflation, the resurgence of inflation is a big issue. So, you want to clamp that down. So, let us see.

Subscribe to enjoy similar stories. In the Hindi cinema of yore, villains were a very important part of the story. But they never had a backstory.

Subscribe to enjoy similar stories. Urban Company has stepped into quick commerce with a trial service in Mumbai called Insta Maids. The home services app promises to send workers for jobs like cooking prep, utensil cleaning, sweeping and mopping within 15 minutes—at an introductory charge of just ₹49 per hour (marked down from ₹249).

Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.

Nimesh Chandan, CIO of Bajaj Finserv AMC, identifies two key behavioral biases — fear and loss aversion — driving investor decisions in the current market downturn. As portfolios decline 30-40% from their peaks, many investors panic, close their SIPs, or hesitate to deploy fresh capital despite attractive long-term opportunities. Chandan explains how these emotions lead to irrational decision-making and what investors can do to navigate volatility with a disciplined approach. Edited excerpts from a chat: The year 2025 is clearly turning out to be nightmarish for retail investors, particularly those heavily invested in smaller stocks. As high PE stocks have moderated quite a bit, do you see more pain ahead or gradual recovery as we step into FY26? In the history of financial markets, one learns that though events may be unique, behavioural patterns are the same. Up to September last year, investors were experiencing a strong rally leading to quick gains in the equity markets. Especially, the mid cap and the small cap categories were seeing a strong up move. In many stocks of these categories, valuations were at or near all-time highs. Typically, such moves also set the ground for a correction. When there is even a small downgrade or disappointment, stocks fall sharply. Now, in many sectors, the valuations are back to reasonable levels. However, even in the current market, risk-reward is more favorable in large caps. Selective areas of mid cap and small cap stocks are now looking attractive.

Indian market is likely to consolidate on Tuesday, tracking muted global cues. The Nifty Futures closed 0.65% higher at 22,589 on Monday. India VIX rose over 1% to 13.42 in the previous session.

Narendra Modi and his New Zealand counterpart, Christopher Luxon, talked about wide-ranging issues in Delhi on Monday to strengthen bilateral talks. However, However, as Luxon jokingly said cricket was not among the topics discussed. The New Zealand Prime Minister said he had deliberately avoided talked about cricket to prevent a «diplomatic incident» as Modi burst into laughter. Recently, India beat New Zealand in the final of Champions Trophy, while the Blackcaps handed the Men in Blue their first home Test series defeat in 12 years. «I really appreciate that PM Modi didn't bring up New Zealand's Champions Trophy loss to India, and I didn't mention our Test victories in India. Let's keep it that way and avoid a diplomatic incident,» Luxon joked, drawing cheers from the room. Former New Zealand cricketer Ross Taylor, part of the visiting delegation, also joined in the laughter along with Modi at the reference.

Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market. Huang's keynote presentation at Nvidia's annual developers conference should pack the SAP Center in the Silicon Valley city of San Jose, where the Sharks NHL hockey team plays. Industry watchers expect Huang to spotlight Nvidia's latest Blackwell line of graphics processing units (GPUs), including new updates in the works.

euro and other major peers on Tuesday as investors grappled with the potential economic impact of growing global trade tensions. Fears that U.S. President Donald Trump's aggressive tariff policies could trigger a broader economic slowdown has undermined the greenback amid a string of soggy sentiment surveys.

Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply. Brent futures ticked up 10 cents, or 0.14%, to $71.17 a barrel by 0135 GMT, while U.S. West Texas Intermediate crude futures rose 7 cents, or 0.1%, to $67.65 a barrel.

economic outlook amid tariffs and trade woes.

Retail sales rebounded marginally in February, but fell short of expectations, reflecting the increasing uncertainty over tariffs and large-scale firing of federal government employees. A separate report showed March factory activity in New York State plummeted the most in nearly two years.

Subscribe to enjoy similar stories. When I meet a patient with a complicated medical history, I often start by asking when they were last perfectly well. Darcie couldn’t remember ever being truly well.

Subscribe to enjoy similar stories. Going to Harvard just got more affordable for most of America. The Ivy League school is significantly expanding financial aid to make undergraduate admission tuition-free for families making up to $200,000 and completely free for families making up to $100,000.

Slikk Club has raised $3.2 million (about Rs 27.7 crore) in a funding round led by global venture capital firm Lightspeed. The round also saw participation from early-stage venture capital firm Multiply Ventures and other angel investors including Tracxn founder Abhishek Goyal, DST Global's Saurabh Gupta and Panthera Peak Ventures’ Nikhil Bhandarkar. The firm will use the funds for expanding operations in Bengaluru, aiming to cover 80% of the city's pin codes by setting up dark stores, expanding into new categories, adding more brands to the platform and strengthening its leadership team.

The moves come as India Inc faces a severe dearth of C-suite talent in the semiconductor space due to the absence of any fab or a robust semiconductor ecosystem in the country, leaving these companies to rely exclusively on hiring expats for senior roles, the experts said. For instance, Tata Electronics tapped Intel's Foundry Services president Randhir Thakur as its CEO and MD while Murugappa Group's CG Semi roped in Filipino semiconductor industry veteran Jerry Arucan Agnes as CEO. The extended list includes past hires such as Vedanta which hired David Reed as CEO of semiconductor business and YJ Chen as CEO of display business in 2023.

inter-ministerial committee to address issues being faced by the country’s fintech industry that has run into multiple regulatory hurdles over the past few years. The committee comprises representatives from the Department of Financial Services, Department of Economic Affairs, NITI Aayog, Ministry of Electronics & Information technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT), Department of Economic Affairs (DEA), the Reserve Bank of India, markets regulator Sebi and founders of fintech firms Billdesk, Acko General Insurance, Groww, and Jupiter. ET has reviewed an order for the same issued by the financial services department on March 17.

Starlink may offer massive satellite connectivity — a few terabytes per second of data throughput — in India, with a large amount of it already in place and can be provided immediately to customers once all the necessary approvals are obtained, people aware of the details told ET. The Starlink capacity is expected to be 80-90 times more than that of rivals Eutelsat OneWeb or Reliance Jio-SES, which could offer only 30-50 gigabits per second (Gbps), the people said. The Elon Musk-owned satellite communication company plans to set up three gateways — in Mumbai, Pune and Indore — and one point of presence in Mumbai to cater to the India market, they said. While gateways act as a bridge between a satellite and the terrestrial communication network, transmitting data between the two, the point of presence is also a key pillar for the network, though much smaller in size and scale.

IndusInd Bank raised ₹11,000 crore selling certificates of deposit (CDs) on Monday, as the lender moved to shore up its funding position amid deposit withdrawals after it revealed a ₹2,000 crore accounting discrepancy in its derivatives book. The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has sufficient capital despite a likely hit on its net worth.

Bajaj Finserv has signed a binding agreement to acquire Allianz SE’s 26% stake in its life and general insurance ventures for ₹24,180 crore, ending a 24-year-old partnership. The buyout, priced at ₹13,780 crore for Bajaj Allianz General Insurance Company and ₹10,400 crore for Bajaj Allianz Life Insurance Company, will take the Bajaj Group’s holding from 74% to full ownership, the company said in a stock exchange filing on Monday. Allianz said it will explore “reinvestment of sale proceeds into potential new opportunities in India.” The deal, subject to approvals from Competition Commission of India and insurance regulator IRDA, may see Allianz receiving proceeds in multiple tranches.