UPS Financial News

The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023.The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement.

India’s ambitious plans to have its own space station by 2035 are progressing on track, said project director of Indian Space Research Organisation’s (ISRO) Chandrayaan-3 mission, P Veeramuthuvel on Saturday.

Imran Khan have outperformed the other two major parties, PML-N of Nawaz Sharif and PPP of Bilawal Bhtto Zardari, Sharif is likely to become the next prime minister by forging an alliance with the PPP and pulling away independent winners. Neither of the two parties nor the independent winners will have enough numbers to reach a majority. Khan's party PTI did not fight elections on its own as it had lost its election symbol but its candidates fought as independents. Elections in Pakistan were marred by violence, suspension of the internet and alleged manipulation of results. Khan's party, PTI, has claimed that the military rigged the election to prop up Sharif as the prime minister. The wheelings and dealings for the government formation kicked off after the results indicated a hung parliament in Pakistan. Notably, both Imran and Sharif have claimed victory in the polls and are talking about forming a government.

Prey 2" has been officially confirmed to be in development. The sci-fi action-horror franchise, which gained widespread acclaim with its 2022 prequel, is set to break a significant tradition by potentially bringing back a familiar face for its sequel. Amidst the anticipation, the news marks a pivotal moment for fans eagerly awaiting the next installment.

Delhi government has come up with a draft policy aiming to decongest the city by setting up a network of freight villages and micro-delivery hubs and relocating logistics infrastructure to the periphery of the national capital, officials said on Saturday. Around 1.93 lakh vehicles enter Delhi and leave the city every day. Out of these, about 79 per cent vehicles have business inside the city like unloading of goods and carrying finished products and commodities to various parts of the country. It is estimated that the goods vehicle traffic will increase to about 5.13 lakh trucks by 2042 in the city, according to the policy document. The 'City Logistics Policy' draft has been put in public domain by the Industries department for having feedback of stakeholders like transporters, logistics agencies, traders and industry before finalising and notifying the policy, officials said.

MCX Q3 Results: Multi Commodity Exchange of India Limited (MCX) announced its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a net loss of ₹5.3 crore, compared to a net profit of ₹39 crore in the year-ago period. On a sequential basis, the net loss of India’s largest Exchange in the commodity derivatives market segment narrowed 72 per cent to ₹19.07 crore in the preceding September quarter. The leading commodity derivate exchange's revenue from operations in the December quarter rose 33 per cent to ₹191.5 crore, compared to ₹143.6 crore in the same period last year.

ALSO READ: Delhi Man who went missing 2 decades ago returns to mother as 'monk'. Watch video During the surgery, laughter from camerapersons and technicians added more controversy on the nature of the video.

The Mollars (MOLLARS) initial coin offering has just reached an impressive milestone, surpassing 1.3-Million tokens sold.    Cryptocurrency investors are excited about the new store-of-value token’s potential for up to +4,400% ROI yields.  However, even those gains are only a pence of the new crypto’s profit potential if it can become a popular store-of-value option.   And here’s 3 reasons why the Mollars (MOLLARS) token could replace Bitcoin (BTC) for 250-million wallets, using the blockchain.

Canada’s newest centenarian has two tips for longevity.

Nathuram Godse who killed that person whose last words were Hey Ram," the AIMIM MP said while calling Supreme Court's 2019 verdict an ‘egregious act’. Asaduddin Owaisi said that the PM Modi-led government celebrates what happened on 6 December, the day in 1992 when the Babri Masjid was demolished by the kar sevaks. "Governments come and go.

I think things like GIFT City is a great way, it is clearly an initiative designed to bring money into India and those kind of incentives are incredibly effective, says Jenny Johnson, President & CEO, Franklin Templeton. Edited Excerpts

Bandhan Bank is targeting to increase its share of the secured loan portfolio to 50% of the total loan book by FY26, Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, informed analysts soon after declaring its Q3 results. Last November, the Reserve Bank of India (RBI) warned banks about the increased share of unsecured loans and raised risk weightage. The bank had earlier said that it aims to raise the share of the secured portfolio to 70% by arch 2025, as reported by ET on October 14, 2022. On Friday, the bank reported a 152% rise (over the corresponding period) in net profit to Rs 733 crore for the quarter ending December 2023.

Samyukt Kisan Morcha on Saturday welcomed the conferring of Bharat Ratna on Chaudhary Charan Singh and MS Swaminathan but termed it an attempt to divert people's attention from government's failure to provide Minimum Support Price for crops as suggested by the Swaminathan committee. In a statement, the SKM also said Singh and Swaminathan will remain alive in people's memory for their contribution to farmers even without a Bharat Ratna and «denounced» Prime Minister Narendra Modi for failing to solve the crisis of farmers of India. «SKM welcomes BJP government's late recognition of Chaudhary Charan Singh and due recognition of Dr. MS Swaminathan for their contribution to agriculture and farmers in conferring Bharat Ratna on them. While Chaudhary Charan Singh had a role in implementation of Zamindari Abolition in UP leading to ownership rights for peasantry, as the Chairman of the National Farmers' Commission, Dr. MS Swaminathan made recommendations for income guarantee to farmers,» the SKM said in a statement. «However, the Modi government is honouring and decorating the leaders only to cheat the farmers and people. The PM has neither honesty nor sincerity and indulged in a poor vote catching gimmick intended to worsen farmers' misery and use tokenism to camouflage his services to big corporate forces associated with foreign companies in farming,» it said.

The combined revenue of the companies that have declared their December-quarter financial results so far has risen 10.95% year-on-year, while net profits have risen 25.08%, a Mint analysis showed. Excluding the companies in the banking, financial services and insurance (BFSI) sectors, the topline grew 5.29%, while profits were up 38.59%.

Narendra Modi is not OBC by birth, he has been made OBC by the BJP government of Gujarat. He can never do justice to the rights and share of the backward people" Rahul Gandhi had claimed. Responding to his allegations, Amit Shah said, “Rahul Gandhi has habit of telling lies and repeating lies.

PM Modi stressed on the success of various government schemes and said because of such works, the nation recognizes the meaning of Modi's guarantee. 2. He interacted with a housing scheme beneficiary Ashaben and asked her if she liked her new house and if it was made as per her expectations.

“Public sector enterprises (PSEs) have performed well in this market rally, there could be some froth in that space, further a lot of SME stocks are also skyrocketing, and therefore a caution is advised in that space as well,” says Rakesh Pujara, Founder and Managing Partner at Compounding Wealth Advisors LLP. In an interview with ETMarkets, Pujara said: “The beauty of bubble is to ride it and one must have some rule-based framework to get a timely exit from the hope trade,” Edited excerpts:

Ecommerce enabler GoKwik said there is an increasing proliferation of fake orders on ecommerce platforms from people who provide gibberish contact and address details, impacting the cost of operations for companies. «Over the last two weeks, we have observed 2-10% of total orders being fraudulent on the affected merchants. For some, it has been as high as 15-20%. However, with our return to origin (RTO) risk intelligence and fraud prevention mechanisms, we were able to intervene and safeguard merchants immediately. We fear that the actual number of brands affected in the overall ecosystem outside of GoKwik network will be far higher,» said Chirag Taneja, cofounder and CEO of GoKwik.

The PSU Bank Index has risen by more than 56% in the last 1 year, the Nifty Private Bank Index rose by just 14%, and in the same period Bank Nifty by 13%, making PSU Banks the leader of the segment.

Uttar Pradesh Legislative Assembly on Saturday gave its nod to the Uttar Pradesh Lift and Escalator Bill, 2024 and Uttar Pradesh Lokayukta and Up-Lokayukta (Amendment) Bill, 2024. With the Bill in place, now it will be mandatory to obtain registration for installation of lifts and escalators. Meanwhile, the second Bill was also passed under which a provision has been made to reduce the tenure of the Lokayukta and the Up-Lokayukta from eight years to five years.

The American pork industry has a problem: It makes more tenderloin, ham, sausage and bacon than anybody wants to eat. From giant processors to the farmers who supply them, they are in a predicament largely of their own making. They made production so efficient that demand can’t keep up with supply.