UPS Financial News

State-run oil companies made a capital spending of Rs 89,000 crore in the first nine months of the current fiscal year as they enhanced new production and distribution facilities. The spending is about 84% of their combined capex target of Rs 106,000 crore for the current fiscal year, according to the oil ministry data. Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, has been the biggest spender among state oil companies this year.

Reliance Industries' retail arm Reliance Retail Ventures (RRL) on Friday posted 32% growth in its net profit at Rs 3,165 crore for the quarter ended December 2023. The same stood at Rs 2,400 crore in the year-ago quarter. Revenue from operations in the reporting period rose 24% year-on-year to Rs 74,373 crore. The business posted an EBITDA of Rs 6,258 crore, which was up by 31% year-on-year.

Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals. Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.

Greenwood Capital President and CIO Walter Todd joined ‘Mornings with Maria’ to discuss the state of the U.S. economy and mortgage rates as housing inflation continues to rise. 

₹74,373 crore, a growth of 23.8% YoY over Q3FY23 revenue of ₹60,096 crore. During the quarter, the company reported the highest-ever quarterly EBITDA of ₹6,258 crore, marking a 31.1% improvement over Q3FY23's EBITDA of ₹4,773 crore and a 7.52% surge compared to the Q2FY24 figure of ₹5,820 crore.

Republic Day special, Acer is providing additional perks such as free accessories, extended warranties, and no-cost EMI options for buyers. Students can also benefit from a special seven percent discount on their purchases. In a bid to celebrate the 75th Republic Day, Acer has introduced an exclusive Republic Day Sale starting from January 19.

If you’re looking to participate in the Dymension Genesis Rolldrop Airdrop and claim your DYM tokens, this step-by-step guide will walk you through the process using Trust Wallet.

An emerging-market money manager who is outperforming 99% of his peers says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations.

Investors are becoming more optimistic in the outlook for the U.S. economy and the market as expectation remains high that the Fed will cut rates and execute a soft landing in the months ahead.

Blackstone Inc. Chief Executive Steve Schwarzman said he expects the Federal Reserve to lower interest rates and sees “animal spirits” returning to the markets as more investors make that bet too. 

JPMorgan Chase & Co. raised Chief Executive Jamie Dimon’s pay to $36 million for 2023, a year in which the bank notched the highest profit in the history of American banking.

respiratory illnesses surge across the country, the persistence of a cough that just won’t quit may be prompting some to wonder if there is a deeper underlying issue.This lingering cough is what Nicholas Vozoris, an assistant professor and staff respirologist at Saint Michael’s Hospital, University of Toronto, calls a “post-infectious cough” and it can last as long as eight weeks.“This is a cough that seems to linger after the other infectious symptoms settle down,” he said. “And this post-infectious cough is known to possibly occur with viral or bacterial respiratory tract infections.”While doctors like Vozoris have long been familiar with post-infectious cough as a condition, he believes it may not be widely recognized by the public.He noted that many patients are often surprised when hearing about this diagnosis.

₹5,208 crore from ₹5,058 in Q2FY24. The telecom operations of Mukesh Ambani's Reliance Industries' revenue from operations stood at ₹25,368 crore, up 2.5% during the quarter ended December from ₹24,750 crore in Q2FY24.

Also Read- Budget 2024 expectations: GJEPC advocates import duty cuts, licensing reforms for gems & jewellery sector BofA Securities said that between April and November in FY24, India used up 50.7% of the full-year budgeted fiscal deficit target, which compares well versus the median 75.9% of the total that gets exhausted during April and November usually BofA Securities said that even as total expenditure continued to trace the median run rate, the outperformance was led by higher than median revenue receipts. They see higher than budgeted tax and non-tax revenue to more than offset- the potential shortfall in divestment proceeds, higher than budgeted subsidy bill, modestly higher interest expense and other revenue expenditure. BofA said that the concerns surrounding fiscal slippage in an election year are understandable.

Republic Day sale, find the right monitor for your gaming needs. Our buying guide will help you find the right gaming monitor featuring the latest technologies, resolutions, refresh rates, and response times. Both competitive gamers and casual ones will find something that matches their needs in this list.

wrote on LinkedIn. He added that the situation today underscores the critical need for enhanced multilateralism and international cooperation, which can be done only through the consensus emerging from global political leadership.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

By Joe Cash

reported Business Line. The assets under management of passively managed schemes have rallied 31 percent to ₹8.74 lakh crore last month against ₹6.65 lakh crore logged in January, largely driven by new fund offers and increased inflows into index funds, it said. In fact, passive funds accounted for 21 percent of overall AUM of ₹42.04 ­lakh crore as of December­-end, according to the Association of Mutual Funds in India data, as per the report.

RBL Bank Q3 Results: RBL Bank announced its October-December quarter results for fiscal 2023-24 (Q3FY24) on January 19, reporting a rise of 11 per cent in net profit ₹233 crore, compared to ₹209 crore in the year-ago period. The private sector lender's net interest income (NII) in the third quarter of current fiscal rose 35 per cent to ₹1,546 crore, compared to ₹1,277 crore in the corresponding quarter of the previous fiscal. The bank's gross non-performing asset (NPA) stood at 3.12 per cent, down from 3.61 percent recorded in the same quarter last year.