UPS Financial News

Adani Group is reportedly in advanced discussions with prominent sovereign funds based in West Asia to secure funding of up to $2.6 billion. This potential move to raise funds is part of the conglomerate's expansion plans for airport infrastructure and green hydrogen projects, Business Standard reported. Adani Group has embarked on a series of roadshows in key financial hubs such as London, Dubai, and Singapore. During these engagements, Adani executives have been briefing potential investors on the company's future endeavors.

“Renewal and green energy investment are two focus areas of the government. The share of renewal in the overall energy pie is only going to increase going forward, not only in India but across the world,” says Sachin Bajaj, Executive Vice President & Head – Investments, Max Life. In an interview with ETMarkets, Bajaj said: “Fiscal consolidation, continuation of capex growth, focus on energy transition, housing, tourism, healthcare, and railways are the key themes from the Budget,” Edited excerpts: Rs 11.11 lakh cr – a number which has caught the eye of many. What do you make of the current outlay and the impact it will have on the economy? Sachin Bajaj: Rs 11.11 lakh crore is the capital expenditure target for the next fiscal year. While the growth of 17% for FY25 looks a bit lower when compared to the current financial year, however, if we look at the capex for FY21, the same number was Rs 4.1 lakh crore, i.e., almost a 3x increase in 4 years.

Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT.

₹91,000 crore, while Maharashtra celebrates Chhatrapati Shivaji Jayanti. Meanwhile, legal eagles are on the lookout as the Supreme Court hears Sharad Pawar's plea on NCP leadership and Chandigarh Mayor Polls case unfolds. Investigations heat up with Arvind Kejriwal facing 6th ED summons in the Delhi liquor scam, and Mahua Moitra and Mukul Roy summoned in separate cases.

Sensex surged 376.26 points to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. Nifty 50 formed a small positive candle on the daily chart with gap up opening and with minor upper and lower shadows. “Technically, this pattern indicates a formation of spinning top type candle pattern at the highs, which are normally associated with top reversals.

Sensex surged 376.26 points, or 0.52%, to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. “Indian markets showed resilience despite volatility. Q3 earning season has ended on a buoyant note with Nifty delivering a strong beat with a 17% YoY PAT growth versus estimates of +11%.

BSE Sensex surged 376 points and closed at 72,426 mark while the Bank Nifty index ended 165 points up at 46,384 level.In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1. Large activity was seen in bank, auto, pharma, PSU, and FMCG stocks.

Carl Pei Yu, a Chinese-Swedish entrepreneur, has suggested Musk change his username to "Elon Bhai" on the X platform in order to build a Tesla factory in India. Pie himself has changed his X username to 'Carl Bhai'. "Elon Musk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai?" Carl Pie wrote.

Stock market today: Following a rally in the strong market, the Indian stock market ended higher for the fourth day in a row on Friday. The Nifty 50 index shot up 129 points and finished at 22,040 level, the BSE Sensex surged 376 points and closed at 72,426 mark while the Bank Nifty index ended 165 points up at 46,384 level. In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1.

stock market, with its shifting preferences, has tested their mettle. Fund managers have had to dig deep, revisit long-held beliefs and adapt to the changing realities. Even as they bear the scars of the battle, these experts have kept calm and held their nerve to guide their funds through chaos. In this year’s Best Fund Manager rankings, we have tied up with investment research platform, PrimeInvestor, to shine the spotlight on 10 such individuals, who have delivered healthy outcomes to investors in the long run. Initially, the preferred growth oriented investing style plied by many of these fund managers fetched superior results. However, as the market gravitated towards the value segment, this approach was tested. Overpaying for quality has burnt many fingers. Most fund managers have stayed true to their convictions, while using the temporary disruption to address past mistakes and improve the resilience of their portfolios. The common thread visible in the top fund managers’ strategies is the emphasis on avoiding risk and constantly re-evaluating their investing theses. These qualities have helped them deliver healthy risk-adjusted returns over entire market cycles.

investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago. At the biggest US crypto exchange, Coinbase Global Inc, net consumer transaction revenue rose 60% in the fourth quarter from the year-ago period, and 80% over the third quarter, according to shareholder letter released Thursday. At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped by 242% from a year ago, the company said.

Manipur government on Sunday asked its employees to attend offices and warned that in case of any violation of the government orders, the person concerned would be booked and prosecuted under relevant the law. The Indigenous Tribal Leaders' Forum (ITLF) — an apex body of tribals in Manipur — issued a ‘public notice’ announcing that all state government offices located in the Churachandpur district will remain closed on Monday, February 19 until further notice. Manipur government Chief Secretary Vineet Joshi on Sunday in an order directed all government employees to attend offices and in case of any violation of the orders, the person concerned without any exception shall be booked and prosecuted under relevant provision of law of land for the time being in force.

veto. Algeria, the Arab representative on the council, put the draft resolution in a final form that can be voted on. Council diplomats, speaking on condition of anonymity because they weren’t authorized to speak publicly, said the vote will take place Tuesday morning. In addition to a ceasefire, the final Algerian draft, obtained by The Associated Press, reiterates council demands that Israel and Hamas “scrupulously comply” with international law especially the protection

Stock Market News: For the fourth consecutive session on Friday, the domestic benchmark indices, the Sensex and Nifty 50, ended higher. The previous week saw benchmark indices rise by more than 1% as Wipro and Mahindra & Mahindra (M&M) shares soared by about 11%.

Amethi on the same day. The last time the two leaders were in Amethi at the same time was two years ago in February 2022 during the election campaigning for Uttar Pradesh assembly elections. Before that the two leaders crossed each other's paths during 2019 poll campaign.

investors have raised red flags over the management's failure to recover about Rs 1,400 crore from a Dubai-based reseller, More Ideas General Trading LLC, while paying out Rs 300 crore in sales commissions at a time when the debt-laden edtech firm is battling a severe fund crunch. Byju’s has, however, disputed the investors’ claim. In an Extraordinary General Meeting (EGM) notice, a copy of which ET has reviewed, the investors said the company's value has eroded due to the management's neglect in enforcing its legal rights.

Zomato could find itself up against ecommerce marketplaces like Amazon and Flipkart as it explores adding brands across a gamut of new categories to its 10-minute delivery platform, Blinkit. This major push into the fast-growing direct-to-consumer (D2C) space would entail the Gurgaon-based firm building its own supply chain to directly source branded products and manage stock, multiple people aware of the plans told ET. It would deliver these through Blinkit. Zomato, which is scaling up its quick commerce operations, has “had conversations with individual brand owners for various categories to stock up inventory. This is being seen as a potential long-term growth driver,” one of the persons said.

private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by Tata Advanced Systems (TASL) was completed last week and is being sent to Florida for an expected launch by April.

 Kudlow panelists Kevin OLeary, Kevin Hassett and John Carney discuss inflation, bank failures and credit card delinquencies.

Joe Biden's administration intends to relax limits on tailpipe emissions that are designed to get Americans to move from gas-powered cars to electric vehicles, the New York Times reported, citing people familiar with the plan. The administration would give car manufacturers more time instead of requiring them to rapidly ramp up sales of electric vehicles over the next few years, the report said, adding that the new rule could be published by early spring. The shift would mean that EV sales would not need to rise sharply until after 2030.

civil aviation security regulator has asked airlines to deploy adequate manpower within 10 days to ensure passengers don't have to wait more than half an hour to collect their luggage. The Bureau of Civil Aviation Security (BCAS) wrote to airlines on Friday, directing them that the first bag should arrive at the carousel within 10 minutes of the aircraft shutting down the engine and the last bag no later than 30 minutes. In January, BCAS monitored baggage arrival time of all airlines at six metro airports — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai — on a weekly basis and found they did not adhere to the standards set in the Operation, Management and Delivery Agreement. Contractual agreement was signed by Airports Authority of India with Delhi and Mumbai airports during their privatisation in 2006. It defines standards of service that the airports have to provide to passengers. «The above monitoring is currently being done at six major airports, However, BCAS has directed the airlines to ensure that the mandated levels are achieved in all airports where they fly,» the regulator said in a statement.