UPS Financial News

Prince Harry has dropped his libel lawsuit against the publisher of a British tabloid following a ruling that had damaged his case and in which the judge suggested he might lose at trial

Dior’s menswear maestro Kim Jones has transformed a sunny afternoon in the French capital into a starlit evening of balletic grandeur at Paris Fashion Week in a display of fashion theatrics

A witness saw sparks shooting from a cargo plane as it made an emergency landing at Miami International Airport shortly after takeoff

Gender Equity and Equality' announced on the sidelines of the World Economic Forum annual meeting 2024 here. The idea of this alliance emerged from the G20 Leaders' Declaration and India's abiding commitment to the cause of women-led development as propounded by Prime Minister Narendra Modi. As a follow up to the activities of the Engagement Group and initiatives under the G20 framework, inter alia, the Business 20, Women 20 and G20 EMPOWER, this alliance aims at taking forward the commitments of the G20 leaders for the benefit of the larger global community, the government said while announcing the alliance.

legal history in 2019. It took more than 130 years to settle the Ayodhya title dispute as it went through the legal hierarchy from the Civil Court to the High Court and finally to the Supreme Court. Here are some of the important protagonists of the Ram Janmabhoomi movement who defied the odds and played a key role in bringing this case to a conclusion: Raghubar Das: He was a mahant of the Nirmohi Akhara, who moved a local court in 1885 for permission to build a'mandap' for Ram’s worship on the ‘chabutra’, or platform, in front of Babri Masjid.

Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said that around eight per cent growth in power consumption in the first nine months of this fiscal year shows a surge in economic activities.

Ram Mandir in Ayodhya and other initiatives taken by the state government to promote tourism, said SBI researchers Sunday. UP's own tax revenue is expected to be Rs 2.5 lakh crore in FY24, according to its Budget. The researchers noted that tourist spending in the state could nearly double in 2024 compared with 2022. “Given the completion of Ram Mandir in Ayodhya and initiatives taken by the UP government to promote tourism, we believe that the total expenditure by tourists in UP may cross Rs 4 lakh crore mark by end of this year,” the report noted. SBI calculations indicate that domestic tourists would have spent Rs 2.2 lakh crore in 2022, with foreigners spending another Rs 10,000 crore, as 32 crore domestic tourists—an increase of almost 200%--thronged the state.

Ayodhya on January 22, preparations are in full swing, with the grand ceremony set to be attended by Prime Minister Narendra Modi. The construction of the temple is nearing completion, and in light of the auspicious occasion, several states have declared a «dry day,» prohibiting the sale of alcoholic drinks. Additionally, some states have imposed restrictions on the sale of meat. The ban on the sale of meat, was undertaken by several state governments to honor the sanctity of the occasion. Meat Ban in Chhattisgarh Statewide Initiative Chhattisgarh is taking a firm stand by prohibiting the sale of meat across the entire state on January 22. The Urban Administration and Development Department issued a directive, ordering the closure of slaughterhouses and meat-selling shops as part of the preparations for the Ram Temple consecration. Slaugther houses closed in

Classic Legends, which designs, manufactures and sells classic motorcycle brands — Jawa, Yezdi and BSA, is working on electric bikes and will introduce it in the Indian market when the charging infrastructure is ready, according to company CEO Ashish Singh Joshi. While the current charging infrastructure has the ability to support entry-level electric scooters or motorcycles with 50-100 km of range, for performance and intercity bikes it is not yet ready, he said. «We looked at electric at the start and we started developing our electric product.

Ayodhya for the consecration ceremony at the newly constructed Ram temple. The ceremony, which will include the Ramotsav and pran pratishtha rituals, is set to take place tomorrow with Prime Minister Narendra Modi as the main yajman.

Sundar Pichai hinting at more layoffs in a memo to employees, while Microsoft CEO Sundar Pichai was deeply impressed by the launch of its new Rabbit R1 AI assistant. Here's a round-up of the week's top tech news stories. Samsung unveiled its flagship Galaxy S24 series at the Galaxy Unpacked event on January 17.

Bollywood movie Fighter, starring Hrithik Roshan, Deepika Padukone and Anil Kapoor, is all set to release on January 25 on the eve of Republic Day. The movie has been generating a lot of buzz since the announcement of its launch. The release date was postponed a couple of times.

₹745 crore through an Initial Public Offering (IPO). The proposed IPO consists solely of a fresh issue of equity shares, with no component involving an Offer-For-Sale (OFS), as outlined in the DRHP filed on Thursday. Also read: Upcoming IPOs: 1 main board, 5 SME public issues to open next week; check full list here Approximately 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

travel industry in India, as per an SBI Research report released on January 21. The impact on the Indian economy is expected to be significant. The report added that UP government initiatives along with the newly built Ram temple in Ayodhya could result in additional tax revenue of ₹25,000 per annum for the state in FY25 due to increased visitors.

IREDA on Saturday posted a 67% rise in net profit to ₹335.5 crore for the quarter ended in December 2023, bolstered by higher income. It had clocked ₹200.7-crore net profit during the October-December period of the preceding FY23, the company said in an exchange filing. Total income surged to ₹1,253.1 crore in the third quarter of FY24 from ₹868.9 crore a year ago. Its expenses were ₹867.1 crore in the period under review, against ₹634.2 crore in the year-ago period. Equity shares of the company were listed on BSE and NSE on November 29, 2023. In a separate statement, IREDA CMD Pradip Kumar Das said: «For investors and stakeholders, these results signal the promising trajectory of IREDA's contributions to India's energy transition and environmental sustainability.» The company's loan book was at ₹50,579.6 crore, up 33.50% from ₹37,887.6 crore in the same quarter a year ago.

Sania Mirza and Pakistani cricketer Shoaib Malik parted ways. Although there were several speculations that all was not well between the now estranged couple, the news of their split was confirmed when Malik announced his second marriage — to Pakistani actress Sana Javed on Saturday. On Saturday, Mirza’s father Imran told PTI, that the tennis champion had given her husband a “khula” or a divorce. “It was a ‘khula'. I do not wish to comment beyond this,” he told the media.

Delhi High Court finds itself at the center of a culinary dispute as it navigates a legal tussle between two iconic restaurants — Moti Mahal and Daryaganj. The question at hand: Who can rightfully claim to be the inventors of the beloved Indian dishes, butter chicken and dal makhani? Hold on to your plates! On January 16, Judge Sanjeev Narula from the Delhi High Court gave Daryaganj a homework assignment.

«Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persistent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said. The market exhibited a consolidative trend within the 21,500-21,750 range, indicative of a sideways movement going ahead, Mehra said, adding that weekly support stands firm at 21,400 levels while the upper Bollinger band poses resistance at 21,850. Factors that are likely to impact movement when markets reopen this week:

banks reported higher quarterly net profit Saturday, as growth in retail loans, increased non-interest income and a fall in provisions more than offset the impact of increasing cost of funds that weighed on their net interest margins (NIMs). ICICI Bank, the largest of the six lenders, reported a 24% rise in net profit to ₹10,272 crore for the quarter ended December 31, compared with ₹8,312 crore a year earlier. A key driver of its profit growth was other — or non-interest — income which, excluding treasury, rose 20% to ₹5,975 crore, led by 19% growth in fee income. Net interest income (NII) — or the difference between interest income earned on loans and that paid for deposits — rose at a slower 13% to ₹18,678 crore, largely reflecting the weaker NIM which eased to 4.43% from 4.65% a year earlier. HDFC Bank, the nation's largest lender by market value, also on Tuesday reported a smaller net interest margin, even as its net profit rose 34% year-on-year. ICICI Bank executive director Sandeep Batra shrugged off the reduction in margin as an industry phenomenon due to rising deposit rates.

At first glance, of course, the demon st r at ion of i nve stor confidence in a hitherto neglected investment pocket, which makes up nearly a sixth of the weighting on the Nifty, appears difficult to square with performance in the immediate past. Business growth has remained muted for most IT majors in the third quarter owing to multiple headwinds related to uncertainty in decision-making, deferred discretionary and technology spends, US recession concerns, and geopolitical tensions. Hence, the sentiment for Q4 is far from cheerful.

IREDA on Saturday posted a 67 per cent rise in net profit to Rs 335.54 crore for the quarter ended in December 2023, bolstered by higher income. It had clocked Rs 200.75 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing.