UPS Financial News

Women's Premier League (WPL) is expected to generate up to ₹125 crore in sponsorship revenues for the Board of Control for Cricket in India's (BCCI) and the five teams, sports marketing experts told ET. The BCCI could generate upwards of ₹50 crore from central sponsorships, including Tata Sons, Sintex, Ceat, Dream11, and Amul, while the five WPL franchises are anticipated to earn ₹50-₹65 crore from team sponsorships, they said. Experts suggest that team sponsorship revenue could potentially be higher since some teams are doing better than others. «The WPL sponsorship revenue between BCCI and WPL franchises is likely to be over ₹100 crore and might even touch ₹125 crore,» a senior official at a leading sports marketing firm said on condition of anonymity.

By Ricardo Brito

By Stefanno Sulaiman

Kalpen Parekh, 51, believes in conservative investing. However, the managing director and chief executive officer of DSP Mutual Fund, has now tweaked his strategy on debt investments. “Our view is that interest rates are now reasonably priced and long-duration looks attractive right now," Parekh says.

Female workers are making deeper inroads on shopfloors and in functions traditionally dominated by men at automakers, amid adoption of advanced technologies in manufacturing processes which require precision handling. Tata Motors has more than 6,500 female shopfloor technicians at its manufacturing facilities that roll out electric cars, SUVs and heavy commercial vehicles. At the country’s largest two-wheeler maker, Hero MotoCorp, 3,500 women work on the shopfloors and there are assembly lines led by women at its factories at Tirupati, Haridwar and Neemrana in Rajasthan, while at MG Motor India, women account for 34% of its 3,001 workers at the manufacturing unit in Halol, Gujarat.

flash floods, tech parks in Bengaluru are now gearing up to face a severe water shortage crisis, months before peak summer. With work-from-office enforced by most corporations, demand for water in these areas is higher than last year, at a time when weak southwest monsoon has created a drought situation across most of Karnataka. The $245 billion IT industry has seen top companies including TCS, Infosys and Wipro calling people to “return-to-office” for a minimum of around 3-5 days a week. Bangalore Apartments' Federation General Secretary Vishnu Gattupalli told ET that tanker water supply is not enough to meet the needs of the employees who have returned from their hometowns, tech offices, and residents in the ‘Silicon Valley’s’ tech belt. Residents of areas like Whitefield, Mahadevpura and RR Nagar – home to companies like Infosys, Wipro, IBM, Tech Mahindra – have been advised to ration the water they have and use it judiciously, he added. While the median tanker rate is Rs 131 per 1000 litres, the price climbs up along the city’s tech belt, with areas like Horamavu paying Rs 207 per 1000 litres and RR Nagar residents paying Rs 238 per 1000 litres, according to a survey by the Federation.

Amarinder Singh on Sunday condemned the Haryana Police for the "barbaric act of violence" against a farmer who was injured during the ongoing farm protest at the Khanauri border. He also urged Haryana Chief Minister M L Khattar to take strict action against the policemen responsible for assaulting the farmer — Pritpal Singh — who is currently undergoing treatment at the PGIMER in Chandigarh. Amarinder Singh, the former Punjab chief minister, said on X, «I strongly condemn the barbaric act of violence committed by the Haryana Police on our young farmer Pritpal Singh.» «I urge Haryana CM @mlkhattar to take strict action against the policemen who are guilty of badly beating up an unarmed youngster who was just serving langar to people,» he said.

Lok Sabha polls, Trinamool Congress is set to hold a mega «Janajagaran» Brigade rally in Kolkata with Chief Minister Mamata Banerjee as the main speaker on March 10 with a focus on the plight of MGNREGA workers in the central scheme for the last two years, which will be a poll plank of Trinamool in coming Lok Sabha polls. «This Janagarjan rally is for the people to highlight their plight as the Centre has stopped the money of the people. More than 730 days have passed and the BJP government at the Centre has stopped all the funds,» Trinamool National General Secretary Abhishek Banerjee said. «The party which is lecturing, I dare them to hold a counter meeting at Brigade...it will be clear how much organization strength they have. These BJP leaders could not be seen after 2021,» the West Bengal CM said. She added that there is an ongoing conspiracy to deprive Bengal of its rightful dues for the past two years. Funds under MGNREGA, Awas Yojana, Gramin Sadak Yojana and other schemes have been stopped.

Seeking prompt diagnosis at a walk-in clinic can be a benefit for patients, sparing them potential wait for a family doctor appointment, especially as many provinces grapple with physician shortages.

Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. «We are an external advisor. At this point they (Paytm) are dealing with RBI,» Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL). As per the January 31 order, the RBI asked PPBL to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15.

By Dan Williams and Nidal al-Mughrabi

₹116 crore, will be implemented through the regulated tariff mechanism (RTM) mode, with a tentative implementation timeframe of 18 months. Likewise, Adani Energy Solutions Ltd's Jam Khambhaliya Transco Ltd and WRSS XXI A Transco Ltd have received approval for increasing transmission capacities at the Jam Khambhaliya pooling station in Gujarat, and the Lakadia substation under the Western Region Strengthening Scheme, respectively. The expected costs for the projects are ₹110 crore and ₹142 crore, respectively.

When Disney’s efforts to build a theme park in China became snarled in the late 2000s, Chief Executive Bob Iger sent his parks chief to Shanghai to figure out why government officials weren’t returning calls. Jay Rasulo recalls meeting with a high-ranking Communist Party official on the trip who urged him not to give up. “Jay, keep knocking at the gate," the official said.

₹20,824 per month on their needs, nearly 10 times of what the persons in the bottom 5% spend ( ₹2,001), the new Household Consumption Expenditure Survey (HCES) released by the statistics ministry showed. In rural areas, the ratio is slightly narrower, at seven times ( ₹1,373 vs ₹10,501). On average, a rural person spent ₹3,773 per month in 2022-23, compared to ₹1,430 recorded in the 2011-12 survey.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

England in their second innings and put India on course for a series-clinching victory in the fourth test. India ended the day at 40/0, with skipper Rohit Sharma (24*) and Yashasvi Jaiswal (16*) unbeaten. Dhruv Jurel started India’s resistive movement with a defiant 90 that came in 149 balls and 211 minutes.

MUMBAI : Payment gateway business Razorpay Software Pvt. Ltd is preparing to launch its products in new Southeast Asian and West Asian markets this year, aiming to garner 5-10% of its revenue from its international business in 3-5 years. “We should definitely launch in some new countries this year as we look to expand our business in Southeast Asia and Middle East," said co-founder and managing director Shashank Kumar.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

India will add 18 more nuclear power reactors with a cumulative capacity to generate 13,800 MWe of electricity, taking the total share of atomic power in the energy mix to 22,480 MWe by 2031-32. This was announced by the Nuclear Power Corporation of India Limited (NPCIL) after Prime Minister Narendra Modi dedicated two home-built 700 MW nuclear power reactors at Kakrapar in Gujarat last week. Presently, the NPCIL operates 24 reactors with a total capacity of 8,180 MWe. The prime minister dedicated units 3 & 4 of Kakrapar Atomic Power Station (KAPS 3 & 4) to the nation on February 22.

Peter Morgan's iconic series, The Crown Season 6 Part 2, set to release on December 14, takes viewers into the new millennium, offering a poignant conclusion to the remarkable journey of the British royal family. As the final six episodes unfold, here's a comprehensive guide to what lies ahead in this much-anticipated conclusion.

Investing.com — Inflation will be in the spotlight; earnings season is winding down and oil prices look set to remain volatile. Here’s what you need to know to start your week.