UPS Financial News

domestic steel sector under the PLI scheme for specialty steel, an official statement said on Wednesday. In March 2023, 57 memorandum of understandings (MoUs) were signed for generating an investment of about Rs 29,500 crore in the sector by FY28. Besides, the scheme envisaged addition of 25 MT capacity for producing specialty steel grades and generating about 17,000 employment opportunities, Ministry of Steel said in an statement. On the status of the scheme, the ministry said «as of December 2023, the selected companies have already invested about Rs 12,900 crore against an investment commitment of Rs 21,000 crore up to the current financial year.»

MS Dhoni, the iconic figure in Indian cricket, has sparked considerable interest with his latest bat sticker as the IPL 2024 approaches. As captain of the Chennai Super Kings, Dhoni appears to be gearing up for what could potentially be his final hurrah in cricket. Displaying the 'Prime Sports' logo on his bat serves as Dhoni's gesture of appreciation, reflecting his gratitude and affection for those who have supported him throughout his illustrious career. The owner of Prime Sports, Paramjit Singh, lauded Dhoni's action, describing it as a testament to their strong friendship. This act of appreciation transcended geographical boundaries, gaining recognition even from cricketing legends like Michael Hussey and Adam Gilchrist in Australia. Nevertheless, Prime Sports isn't the sole beneficiary of Dhoni's heartfelt gestures. Somi Kohli, the proprietor of 'Beat All Sports' (BAS), one of India's prominent sports manufacturing companies, disclosed Dhoni's greatness during the 2019 World Cup. Despite the tournament marking Dhoni's final appearance in Indian colors, he opted not to charge any fees for donning the BAS logo on his bat.

By Bianca Flowers and Aatreyee Dasgupta

Rashi Peripherals listed with a 9% premium on the exchanges on Wednesday, which was largely in line with expectations. The IPO received an overwhelming subscription of 63 times at close. Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also the current market sentiments.

₹1,469.73 crore in the December quarter, pushed by higher income. It had clocked a net profit of ₹903.89 crore in the year-ago period, the mining company said in an exchange filing.

tablets have become increasingly popular, thanks to their portability and powerful performance. Whether you're a casual gamer looking to pass the time or a serious gamer seeking a competitive edge, choosing the right gaming tablet can greatly enhance your gaming experience. In this buying guide, we've curated a list of the best gaming tablets taking into account factors like processing power, display quality, battery life and overall gaming performance.

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(Reuters) — Futures for Canada's resource-heavy stock index rebounded on Wednesday, tracking gains on Wall Street after sharp losses in the previous session on hot U.S. inflation data, with further support from rising crude prices.

Rommelia Asuncion’s older sister.Rommelia and her five-month-old baby girl, Morgyn Rose Asuncion-Massicotte, were found in the basement apartment of the home they rented on Mackay Drive in Richmond Hill on Feb. 1, just after 4 p.m.Also found dead in the apartment, Rommelia’s common-law husband and the father to her child, 41-year-old Joshuah Lawrence Massicotte.

2023 rolled in on the heels of a monumental crypto disaster, when the FTX exchange went down in flames. Perhaps surprisingly, the year ended up marking a recovery for beleaguered digital assets, with Bitcoin gaining as much as 157%. Traders knew the SEC (Securities and Exchange Commission) in the US might give the green light to spot Bitcoin ETFs in the second week of 2024, which was viewed as a potential catalyst for prices. They also knew that the Fed couldn’t keep hiking interest rates forever, and that a looser monetary environment could offer risk assets a healthy push.

IRDAI has decided to set up Bima Sugam, insurance electronic marketplace, which will be a one-stop solution for all insurance stakeholders. Bima Sugam, or Digital Public Infrastructure, is set to empower and protect the interest of policyholders, to increase penetration of insurance in India. This will also enhance availability, accessibility and affordability of insurance in the country, reads the draft guidelines released by the Insurance Regulatory and Development Authority of India (IRDAI).

₹120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP) submitted on February 14. Also read: Vibhor Steel Tubes IPO receives phenomenal response on the second day, subscribed 101.42 times; GMP drops Among the existing shareholders, SAIF Partners India IV and Peak XV Partners Investments V (previously known as SCI Investments V) will be the primary sellers in the OFS of the professionally managed company, offering 1.94 crore and 1.3 crore equity shares, respectively.

₹15,000 offer a remarkable combination of style, functionality, and affordability, making them an ideal Valentine's Day gift for your loved one. These devices cater to a wide range of preferences, from sleek designs and vibrant displays to impressive camera capabilities and long-lasting battery life. Samsung's reputation for reliability and user-friendly interfaces further enhances the appeal of these budget-friendly options.

₹4,200 crore by the end of this year, with an anticipated growth to ₹5,500 crore by the end of fiscal year 2024-25 (FY25). This growth trajectory will help set the stage for the company to consider an initial public offering (IPO), said Sanjay Sharma, the company’s founder and managing director. “We will look at it (IPO) not in the next financial year, but the year after that.

Investing.com — Kraft Heinz Co (NASDAQ:KHC) has posted fourth-quarter net sales that missed expectations, as the packaged food group faced headwinds from recent price hikes that have dented demand.

(Reuters) -Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

LONDON (Reuters) — The total amount of money invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange traded funds continued to support prices.

In February 2024, Axis Bank, HDFC Bank, IndusInd Bank, and Karnataka Bank have all made adjustments to their fixed deposit (FD) interest rates. This update holds significance for individuals contemplating the initiation of an FD, as the secured interest rate remains fixed throughout the deposit tenure. In contrast to investments linked to the market, FDs provide a predetermined return established at the account’s opening. This feature can be appealing to those seeking a reliable and foreseeable income source.

Silicon Valley entrepreneurs hate it when the audience gets bored, but they may need to elicit more yawns if they are to transform insurance. Enthusiasm for artificial intelligence continues to power the stock market, but it isn’t giving a second wind to companies committed to revolutionizing insurance through technology, or “insurtech." Shares in listed players such as Lemonade, Root and Hippo have been trading sideways. Meanwhile, global insurtech funding fell to $4.5 billion in 2023, a 44% decrease from the previous year, according to fresh data by reinsurance broker Gallagher Re.

(Reuters) — U.S. stock index futures recovered some ground on Wednesday from a sharp sell-off in the previous session, as data showed inflation did not cool as expected, fanning uncertainty on the timing for the Federal Reserve's first interest rate cut in 2024.