UPS Financial News

Pran Pratishtha ceremony of Ram Lalla in Ayodhya Ram Mandir on January 22 across the country, news agency ANI reported Thursday citing sources The report said at least 9,000 screens are available at railway stations across the country, on which the national transporter plans to live telecast the Pran Pratishtha ceremony. Besides, Indian Railways the DD News and DD National channels of Doordarshan will live telecast the entire event Pran Pratishtha ceremony on January 22. Live telecast arrangements have been made in Ayodhya Dham.

Also read-Market strategy in 2024: Kotak Institutional lists 3 key challenges investors will face this year The Flu season has not been strong this year in the US and hence the companies as Lupin , Zydus Lifesciences that reap maximum benefits, may not see the Flu led gains this year. Nevertheless their growth momentum may still remain strong.

Drugmakers kicked off 2024 by raising the list prices for Ozempic, Mounjaro and dozens of other widely used medicines. Companies including Novo Nordisk, the maker of Ozempic, and Eli Lilly, which sells Mounjaro, raised list prices on 775 brand-name drugs during the first half of January, according to an analysis for The Wall Street Journal by 46brooklyn Research, a nonprofit drug-pricing analytics group. The drugmakers raised prices of their medicines by a median of 4.5%, though the prices of some drugs rose by around 10% or higher, according to the research group.

By Sriparna Roy

By Johann M Cherian and Ankika Biswas

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter.

quarter, aided by trimmed expenses. Its net profit was at Rs 512.62 crore during the October-December period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

Ram temple consecration, according to media reports. The ritual is part of the 11-day Anusthan that Modi is following for the event. Modi even slept on the floor during his recent Kerala visit, news wire agency IANS reported recently. Guest house staff told IANS that even though they had prepared Kerala and north Indian dishes, Modi after reaching the guest house after his roadshow on Tuesday night, first had a tender coconut water drink. For dinner he just had fruits. «Even though the guest house had set up a king sized bed for Modi to sleep on, he rolled out his yoga mat and slept on it on the floor. He got up at 4.30 a.m., had a glass of hot water and later engaged in his daily yoga,» the report added. «Modi, when he left the guest house the next day, thanked the staff for the nice stay he had.

By Jarrett Renshaw

Indian Navy has its assets deployed along the western coast to protect India's maritime interests and will not allow any «instability», Chief of Naval Staff Admiral R Hari Kumar said on Thursday. On the situation in the Arabian Sea and Red Sea area, the Navy chief said Indian assets are already deployed in the area for two anti-piracy operations. He was speaking to the media on the sidelines of the fourth edition of the Global Artificial Intelligence Summit.

By Echo Wang and Anirban Sen

OSLO (Reuters) -Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are causing congestion at container terminals, A.P. Moller-Maersk said in an update to customers on Thursday.

Stocks finished lower yesterday as rates rose globally and the dollar strengthened. Many forces are at work, making for a potentially volatile situation for the stock market, especially as we head into earnings seasons.

Wall Street wants your money off the sidelines. Rising interest rates drew trillions of dollars into money-market funds and other cash-like investments in the past two years, with more than $8.8 trillion parked in money funds and CDs as of the third quarter of 2023. Investors are optimistic that with rates poised to fall, people will redirect that money and fuel markets’ next leg higher.

₹ 21,547 crore. This projects will be financed by way of equity infusion by the companies and debt. SECL will set up a 660 megawatt (MW) super critical thermal power plant through a joint venture with Madhya Pradesh Power Generating Company.

IndusInd Bank Q3 Results: IndusInd Bank announced its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a rise of 17.3 per cent in standalone net profit at ₹2,297.8 crore, compared to ₹1,959.2 crore in the year-ago period. For for nine months ended December 31, 2023, the leading private lender's net profit stood at ₹6,628 crore, compared to ₹5,400 crore in the corresponding period last year.

For thousands of small businesses, it’s time to pay up. Thursday marks the federal government’s deadline for firms to repay pandemic-era debt to get relief on their Canada Emergency Business Account (CEBA) loans.

The Indian rupee ended little changed on Thursday, after hovering in a tight range for much of the session as positive cues from a slight pickup in its Asian peers were offset by dollar demand from foreign banks.The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session.

The Saya Group, one of India’s leading real estate companies, is gearing up to deliver 4.25 lakh sq feet of retail spaces in Greater Noida West by the end of 2024. The company is also developing 2.5 lakh sq. feet of studio apartments, scheduled for delivery within the next two years. Currently, the Saya Group is constructing two retail projects, Saya South X in Greater Noida West and Saya Piazza in Noida.

The cost of higher education in India has witnessed a surge in recent years, encompassing tuition fees, hostel, books, and miscellaneous expenses. As parents seek to provide quality education to their children, it’s essential to assess the potential financial need and plan accordingly.

Despite property prices rising up to ~40% across the top seven cities of India over the last 24 months and higher mortgage rates, demand for luxury real estate remains high, and as much as 71% of UHNIs and HNIs in India wish to buy luxury real estate in the next 12-24 months, compared to 61% last year, according to a survey conducted by India Sotheby’s International Realty.