UPS Financial News

Parliamentary Standing Committee on Health and Family Welfare, in its latest report, has expressed concerns over the functioning of India's drug regulatory authority-Central Drugs Standard Control Organisation (CDSCO)-saying that the current licensing process is plagued by delays, inconsistent timelines, and a lack of transparency, hindering the growth of the medical device industry. «The Committee expresses serious concern that due to rigid process and inordinate delays by CDSCO, a large number of manufacturing units have gone to Vietnam and Malaysia. Rather, several medical devices manufacturers are scared to set up a unit in India due to delaying tactics of the CDSCO,» it said.

The Bank of Canada cut interest rates by 25 basis points to 2.75 per cent — the seventh consecutive reduction — as it finds itself grappling with uncertainty created by United States President Donald Trump’s tariff onslaught.

The chief executive of the Canadian Imperial Bank of Commerce is retiring in October after spending more than a decade in the top post.

The victim, Riyaz Ahmad Bajad, a resident of the tribal area of Chandian Pajan in Kulgam district of southern Kashmir, in his late 20s, went missing on February 13 along with two others, Mukhtar and Showkat from Kulgam, when they were on their way to attend a function. The family registered a complaint when it found they could not be reached as their phones were switched off. The families went from pillar to post to raise the issue but only after the matter was raised by legislators in the ongoing budget session of the assembly. Bajad's body was found in Veshow Nallah in Mah area of Kulgam. «This is what we feared the most, as the forces picked up our men earlier as well but released them after a few days. Now we want the other two people alive,» said a relative of Bajad, who did not wish to be identified. «It seems hot liquid was poured on his head. He didn't have a single strand of hair.» Police informed the family about the body and later handed it over to the family members after medico-legal formalities, said the relative. «The condition of the body was such that we couldn't even bathe it properly,» he said. Bajad is survived by a six-month old baby girl.

World Bank officials, including President Ajay Banga, have faced criticism for flying private jets to a UN climate summit while advocating for carbon reduction. Critics have condemned their actions as «hypocrisy,» citing the massive carbon footprint of their travel and the organization's lavish spending habits.

Warren Buffett, the 94-year-old billionaire investor, has again demonstrated his remarkable market acumen as he had predicted that Wall Street would crash after US president Donald Trump came to power, as per a report.

On Thursday, Manipur police said movement of 226 vehicles carrying essential items along NH-37 has been ensured. «Strict security measures are taken up in all vulnerable locations and a security convoy is provided in sensitive stretches in order to ensure free and safe movement of the vehicles.

Vanessa Low of Australia lived up to her top billing as she easily clinched gold in T61-64 class while India's Paris Games medallist Preethi Pal bagged a bronze in T35-38 class 200m race on the concluding day of the World Para Athletics Grand Prix here on Thursday. India finished on top of the medal tally with a total haul of 134 — 45 gold, 40 silver, and 49 bronze. Around 150 Indians had competed in the Grand Prix while around 100 were from other 19 countries. Vanessa, one of the few top stars taking part in the three-day event, cleared a distance of 4.96m in her third attempt, to stand on the top of the podium. Zhanna Fekolina, a Neutral Paralympic Athlete, and India's Bhavani Munniyandi took home the silver and bronze respectively with efforts of 4.13m and 3.51m at the Jawaharlal Nehru Stadium here. T61-64 classification is for those athletes who are competing with prosthesis affected by limb deficiency and leg length difference. «I am happy with my performance. It's fun moments here in India. I will be coming back here for the World Para Athletics Championships (in September),» Vanessa said after the event.

«Pay attention to patterns,» the user advised, noting that repeated questions can hint at underlying concerns or values within a company. Another significant finding was that short hiring manager interviews—lasting 20 minutes or less—could indicate one of two things: either the company is not seriously considering the candidate or they are desperate to fill a role quickly, often due to high turnover or internal dysfunction.

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Retail inflation fell to a 7-mth low of 3.6% in February, driven by falling vegetable prices, official data showed on Wednesday. But the pre-Holi gains are likely to be short-lived with heatwaves predicted in the country as early as March. Vegetables have been the main driver of inflation in the last 12 months, and the correction is set to reverse when winter stocks run down.

Tata Consultancy Services (TCS) has promoted Sudeep Kunnumal as the company’s as the chief human resources officer (CHRO) designate with effect from March 14, the company’s regulatory filing showed. The development comes upon superannuation of his predecessor Milind Lakkad, who was the CHRO and executive vice president for almost six years at the Tata group subsidiary, the filing showed. Lakkad, who joined TCS as a trainee in 1987, spent over 38 years taking up several roles including taking over as the head of Manufacturing Practice in 2006 rising to the ranks to head the Manufacturing Business Group in two years.

Craig Robinson to launch IMO, a video podcast for candid discussions and celebrity guests. Lately, Michelle Obama is opening up about the White House struggles and the difficulties of being a president's wife on the podcast. Despite their outward displays of unity, she talks about Barack Obama's friendships, his persistent tardiness, and the difficulties of following him to the White House in her new podcast, IMO, as per a reports. The pair continues to publicly support one another even though their marriage is still being questioned.

green projects to boost flow of climate-related financing. The central bank has also proposed to set up a dedicated “on tap” cohort on climate change risks and sustainable finance under its Regulatory Sandbox initiative. Governor Sanjay Malhotra on Thursday said that the lack of bankable green projects slowed the adequate flow of credit and a collaborative approach could address this constraint. «Capacity and expertise constraints limit the ability to appraise and thus finance climate change mitigation. It also enhances the risk of funding such projects. Thus, creation of a common pool of such bankable projects will have multi-fold benefits for the entire ecosystem,» Malhotra said at a seminar on climate change risks and finance organised by the central bank in New Delhi. He stressed upon capacity building and improving technical know-how to better appraise risks in financing projects which use green technologies.

Vasanta Purnima, is one of the most sacred days, marking the arrival of spring and the end of winter. This auspicious day is celebrated with the vibrant festival of Holi, the festival of colors. On Purnima, devotees worship Lord Vishnu in his form as Satyanarayana and often observe fasts to seek his blessings. This year, Phalguna Purnima will be celebrated on March 14, 2025.

Donald Trump has “big” plans for the U.S. economy — a smaller public sector, overhauling global trade so that it benefits Americans and new tax policies that aim to spur growth.

These 56 stocks represent less than 4% of the 1,465 stocks analysed by ETMarkets.

Datta Power Infra on Thursday announced signing a power purchase agreement with state-owned SJVN to set up a 70 MW wind energy project. SJVN's WIND-1 initiative aims to develop 600 MW of ISTS-connected (Inter-State Transmission System) wind power projects across India, the company said in a statement. Varchasvi Gagal, Managing Director & CEO of Datta Power Infra, said: «We collaborate with SJVN Limited on this landmark 70-MW wind power project, which is a significant step toward strengthening India's renewable energy ecosystem». Datta Power Infra is focused on the end-to-end development of renewable energy projects, including building transmission lines and substations and undertaking engineering, procurement, and construction (EPC) for renewable energy projects.

Shares of Bank of Baroda(up 1.55 per cent), State Bank of India(up 0.67 per cent), Canara Bank(up 0.54 per cent), ICICI Bank Ltd.(up 0.5 per cent) and Punjab National Bank(up 0.35 per cent) ended the day as top gainers in the pack.