UPS Financial News

(Reuters) -Canadian miner Barrick Gold (NYSE:GOLD) beat analysts' estimates for fourth-quarter profit on Wednesday, helped by robust gold production and higher prices.

Investing.com -- U.S. stock futures tick up after a negative day on Wall Street fueled by a hotter-than-predicted U.S. inflation data that led markets to recalibrate their bets on Federal Reserve interest rate cuts. Lyft (NASDAQ:LYFT) shares go for a bumpy ride following an erroneous press release from the ride-hailing group, while Sony (NYSE:SONY) confirms a plan to list its financial services division.

By Joice Alves

Afghanistan players in ICC rankings include Rashid Khan, who has achieved top rankings in ODI bowling, ODI all-round performance, and T20I bowling, while Mujeeb Ur Rahman has secured the top spot in T20I bowling. The internet showered praise on Mohammad Nabi for achieving the feat and the users addressed him as Afghanistan legend. The all-rounder has played some crucial innings to get his team out of trouble and significantly contributed to the brilliant rise of Afghanistan cricket team.

Adani Green Energy rose nearly 4% on Wednesday's trading session to ₹1,882 on BSE. The recent surge in the stock can be attributed to two key factors: the upward revision by Moody's and the operationalization of a 51 MW solar capacity in Gujarat.

Xiaomi has launched its Redmi A3 smartphone in India with a starting price of ₹7,299, adding more competition among brands in the sub-10k smartphone segment. The Redmi A3 brings the 'Halo' design on the back, which is usually seen on more expensive Redmi smartphones. The Redmi A3 will be available for a price of ₹7,299 for the 3GB RAM/64GB storage variant, ₹8,299 for the 4GB RAM/128GB storage variant and ₹9,299 for the 6GB RAM/128GB storage variant.

₹52.89-lakh crore of top five States and Union Territories (UTs) including Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal accounted for 68 per cent of the mutual fund industry last month, reported Business Line. However, the top-5 States’ share fell marginally from 69 per cent as new entrants in the mutual fund space are making inroads in smaller cities, shows ICRA Analytics data.

NEW DELHI : The Sixteenth Finance Commission (SFC), whose members were appointed last month, held its first meeting on Wednesday to discuss the terms of reference and other matters, the finance ministry said in a statement. The SFC acknowledged the need for wide-ranging consultations with various stakeholders, including state governments, local bodies, Union ministries, and experts, the statement said.

Indian steel-makers, with leverage for the sector weakening to 2021 levels if input prices remain at the current levels, said S&P Global Ratings. «We no longer think India's leading steel companies will shed debt in the coming fiscal year,» said Anshuman Bharati of S&P said in a note on Wednesday. «Instead, debt should remain at the same level, due to narrower steel spreads that will feed into cash flows.» The firm sees the consolidated debt of major steel makers in the country — which account for three-fifth of the country’s production — at 2.1 trillion rupees as on March 2025, up 150 billion rupees from what was previously estimated.

Vedanta's Sterlite copper plant in Tuticorin, Tamil Nadu. «We are clear that we won't allow you to restart (operations) now,» SC said. The proposed expert committee could look into any compensation, if due, for non-compliance. However, the Tamil Nadu government and others said that certain things cannot be compensated. They further alleged that Vedanta has persistently violated the High Court's orders.

Afghanistan all-rounder Mohammed Nabi on Wednesday became the oldest player to headline the ICC ODI all-rounders' list, ending Shakib Al Hasan's long reign at the top. There is little to no change at the top of the Test rankings with India's Jasprit Bumrah firmly perched at the top of the bowlers' list. India's Ravindra Jadeja, who is set to return in the third Test against England beginning Thursday, still led the way comprehensively in Test all-rounders' rankings. Nabi reached the No.1 spot following his 136 during the opening match of Afghanistan's three-match ODI series against Sri Lanka, while the 39-year-old also picked up a wicket in the same contest to gain one place and move to seventh on the latest rankings for ODI bowlers.

NFL wide receiver Brandon Marshall has stirred up controversy with claims that Taylor Swift orchestrated Kanye West's removal from his seat at Super Bowl 2024. Marshall alleges that Swift took action after West purchased seats directly in front of her private suite at Allegiant Stadium in Las Vegas. According to Marshall, who made these statements on the Paper Route podcast, the situation escalated due to West's strategic seating arrangement. He asserted, «Kanye West buys a ticket right in front of Taylor Swift’s booth so anytime they are gonna be showing Taylor Swift, Kanye’s face was going to be there — he had a mask on with his logo. So Taylor Swift gets pissed off.» Marshall further claimed that Swift made calls resulting in West's ejection from the stadium. He implied that West was attempting to capitalise on Swift's celebrity by positioning himself strategically for camera shots.

Bengal BJP president Sukanta Majumdar was injured on Wednesday after losing balance and falling on a car's bonnet, on which he was standing, while addressing reporters in North 24 Parganas district, following which he was taken to a hospital, a party official said. Majumdar, who was prevented from going to restive Sandeshkhali by the district administration on Tuesday, put up at a guest house in Taki late in the night following a dharna in front of the Basirhat police district SP's office. The state BJP president, who made attempts to go to Sandeshkhali again on Wednesday morning, was prevented by the police from leaving the area. Majumdar, also a Lok Sabha MP from the state's Balurghat constituency, was addressing reporters standing on the car's bonnet, when he slipped and fell on it, the party official said.

The 30-share BSE benchmark Sensex surged 278 points or 0.39% to settle at 71,833. The broader NSE Nifty rose 97 points or 0.45% to end at 21,840.

green energy initiatives, Cochin International Airport Ltd (CIAL) has entered into a Memorandum of Understanding (MoU) with the Bharat Petroleum Corporation Ltd (BPCL) for setting up a green hydrogen plant in the premises of Cochin Airport. This collaborative effort will result in the world's first green hydrogen plant and fueling station located within an airport setting, CIAL said in a statement on Wednesday. Green hydrogen, produced from water using renewable energy sources, is recognized as a future fuel and aligns with zero-carbon energy strategies, it said. The agreement exchange ceremony for the green hydrogen plant was held at Legislative Complex, Thiruvananthapuram in the presence of Kerala Chief Minister Pinarayi Vijayan who is also the chairman of CIAL, the statement said. «As pioneers in sustainable aviation, CIAL is happy to start a groundbreaking journey with BPCL towards establishing the country's first green hydrogen plant in an airport,» CIAL Managing Director, S Suhas IAS is quoted as having said in the statement. He also said that this strategic collaboration underscores CIAL's commitment to green energy and propels closer towards a zero-carbon future in the aviation landscape.

The front-runner in Indonesia’s presidential election on Wednesday has endeared himself to young voters by projecting an image of a cuddly, cat-loving grandfather figure. But Prabowo Subianto has a checkered history. He was dismissed from Indonesia’s military 25 years ago on allegations he kidnapped democracy activists.

₹3,296 crore. Like-to-like consumption was softer, up 5%. This can be partially due to the usual quarterly shift in the festive season.

Infosys, India’s second-largest Indian IT major, saying that the company acquired 58 acres of land in his home constituency of Hubli-Dharwad West to create a campus and promising jobs but failed to do so. Addressing the state Assembly on Wednesday, Bellad, who is also Deputy Leader of the Opposition, called it “betrayal at its finest” and demanded the state government take back the land.

Sony Group and Honda Motor will introduce three electric vehicle (EV) models by the second half of this decade, the Nikkei business daily reported on Wednesday. Sony Honda Mobility will roll out a sedan in 2025, a sports utility vehicle in 2027 and a compact some time in 2028 or after in a bid to compete with Tesla, the Nikkei reported without citing its sources. A spokesperson for Sony Honda Mobility could not immediately be reached for comment.

₹1,798.75 apiece on BSE, and touched an intraday low of ₹1,683 apiece. According to analysts, MTAR Tech share is one of the underperforming stocks and has seen a sharp selloff in the last couple of weeks.

The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks.