UPS Financial News

Bharat Ratna for Karpoori Thakur will "send a positive message among deprived sections of the society". Nitish Kumar, who visits the late leader's ancestral village on his every birth anniversary even slammed BJP and PM Modi for attempting to take “full credit" for it. "I was told by Ramnath Thakur, my party colleague, and the late leader’s son, that the prime minister had called him up after the announcement.

₹10/- each, aggregating up to ₹22.5 crore. The company has appointed Khambatta Securities Limited as the Book Running Lead Manager to the issue while Bigshare Services Private Limited is the Registrar. Also read: Government allows direct listing of securities by Indian companies on GIFT IFSC The New Delhi-headquartered company intends to utilise ₹17 crore of the net proceeds from the offering for working capital requirements.

By William Schomberg

By Tom Wilson

(Reuters) -Mexican headline inflation persisted in its upward trend for the fifth half-month in a row, above forecasts, according to official data released on Wednesday.

cashless treatment facility for all road accident victims at the Ayushman Bharat hospitals while work is on to rectify about 5,000 remaining black spots in the country by May 2025 as the aim is to reduce road accident related death and injuries by half by 2030, road secretary Anurag Jain said. “We plan to introduce cashless medical treatment for all injured road accident victims across the nation within the next three to four months,” Jain said while addressing the International Road Federation (IRF) conference on ‘Vision Zero, Targeting road safety by 5E’s with innovative technologies’, organised in association with the ministry of road transport and highways and Maruti Suzuki. According to Jain, the nationwide scheme, to be introduced by the ministry, will be merged with the final scheme to be launched by the ministry of health and family welfare at the later stage.

PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of Rs 3,620 crore. Documents for the global tender are available online from Wednesday.

Ranbir Kapoor's blockbuster film, 'Animal,' is gearing up for its digital debut on Netflix, scheduled for January 26, 2024, coinciding with Republic Day. Directed by Sandeep Reddy Vanga, the action-packed drama initially hit theatres on December 1, 2023, amassing a staggering Rs 550 crore net in India and a whopping Rs 900 crore globally. Now, as the anticipation builds for its OTT release, there have been rumours circulating about an extended runtime and additional scenes. Let's delve into the details to separate fact from fiction.

Nifty on Wednesday ended 215 points higher to form a bullish piercing line candle on the daily chart and was placed at the hurdle of mid part of Tuesday's long bear candle at 21,500 level.

Navin Chawla has said that the idea of 'One Nation, One Election' can substantially reduce poll expenditure, but achieving that goal will require wide political consultation and constitutional changes, which are not easy. In an article for Manorama Yearbook 2024, Chawla said, «the raison d'etre» behind the move is to reduce the cost of elections as well the frequency of the imposition of the model code of conduct by the Election Commission, which some political parties accuse of impeding development work.

(Reuters) -General Dynamics beat Wall Street expectations for fourth-quarter revenue on Wednesday, as a tense global political climate sustained demand for its military equipment even as supply-chain pressures drove up costs.

The S&P 500 finished higher but just stayed within the day before yesterday’s trading range, but technically, it finished up and increased by 28 bps.

Abbott (ABT) reported fourth-quarter results that met average analyst estimates. Shares fell 2% in response to the released figures.

Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of ₹8,063.39 crore in October-December 2023-24 was higher than ₹448.01 crore profit in the same period a year ago but lower than ₹12,967.32 crore earnings in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high in 2022-23.

Securities and Exchange Board of India (Sebi) has released a circular encapsulating the framework for offer for sale (OFS) of shares to employees through stock exchanges such as BSE and NSE. The promoters of eligible companies will be permitted to sell shares within two weeks from the offer for sale (OFS) transaction to the employees of such companies. The circular also stipulates that the promoters are meant to make necessary disclosures in the OFS notice to the stock exchange including number of shares offered to employees and discount offered.

Will Beijing bring out its big bazooka to rescue China’s battered stock market? That is the billion-dollar question as investors try to time the bottom for Chinese stocks. But they might be wise to also look at some easier bets. Chinese stocks are off to a bad start in 2024, after doing poorly over the last couple of years.

₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year. The outperformance in net profit exceeded the expectations of domestic brokerage firm Motilal Oswal, which had anticipated a net profit of ₹547 crore. Additionally, the company's revenue from operations witnessed 26% growth, reaching ₹8,245 crore in the quarter, up from ₹6,545 crore reported in Q3FY23.

ALSO READ: India Vs England: 'I feel for him honestly', says Rohit Sharma on Shoaib Bashir's visa row "I can't speak to the specifics of this case. But more broadly we have previously raised issues of this kind with the High Commission. We have been clear that we expect India to treat British citizens fairly at all times in its visa processes.

Indian bonds are likely to attract about $100 billion of foreign inflows in the coming years, lured by the global bond index inclusion, according to HSBC Asset Management.

Canara Bank's net profit rose 27% to Rs 3656 crore in the quarter ended December 2023 due to fall in provisions and higher other income even as operating expenses increased.

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