UPS Financial News

Chambal Fertilisers & Chemicals: The company has declared buyback of shares worth ₹700 crore. The record date to ascertain the eligibility of shareholders for the share buyback has been fixed on January 18. In a stock exchange filing, Chambal Fertilisers & Chemicals said: “….the Board of Directors of the Company approved the buyback of up to 1,55,55,555 fully paid-up equity shares of the Company of face value of Rs.

India could unveil an expanded third phase of the incentive scheme for electric vehicles in the upcoming interim budget on February 1, enhancing it to support mass transport and alternative fuels, a top government official told ET. The budget could set aside ₹10,000-12,000 crore for the third instalment of the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme. «FAME III will be focused on mass transport such as buses, and personal mobility for two-wheelers while also encouraging adoption of alternative fuel vehicles like hydrogen-powered ones,» said a ministry of heavy industries official. Industry demands new scheme

Boeing 737-800 aircraft makes emergency landing due to cockpit window crack In the January 5 incident, a Boeing 737 MAX operated by Alaska Airlines executed an emergency landing after a panel known as a "door plug" blew out mid-flight. There were no fatalities or serious injuries.

₹5,000 crore, two people directly familiar with the development said. Shriram Housing Finance is a midsize housing finance company with assets of over ₹10,000 crore. The sale is part of the Chennai-headquartered conglomerate’s plan to redesign its growth strategy.

net profit to ₹227 crore for the third quarter ended December 2023. The insurer reported a net profit of ₹220 crore in the year-ago period.

LTIMindtree IT services company LTIMindtree's consolidated net profit rose 17% year-on-year to Rs 1,169 crore for the quarter ended December. Asian Paints Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. IndusInd Bank, Polycab, JSL Shares of IndusInd Bank, Polycab and JSL will be in focus today as the companies will announce their third quarter results. Read more: Here's the trade setup for today's session Pricol After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market on Wednesday. Speciality Restaurants Speciality Restaurants reported net profit of Rs 13.8 crore in the December quarter. Revenue from operations were at Rs 116 crore. Indiabulls Housing Finance Indiabulls Housing Finance to raise funds up to Rs 5,000 crore through issue of equity shares. Nazara Technologies Nazara Technologies to raise funds up to Rs 250 crore by issuance of 28.66 lakh equity shares at Rs 872.15 apiece. IIFL Finance IIFL Finance posted a net profit of Rs 132 crore in the December quarter.

Jeh Aerospace has raised $2.75 million in a seed funding round led by San Francisco-based venture capital firm General Catalyst. Pratyush Kumar, former president of Boeing India, and Dwarakanath Srinivasan, former CEO and managing director of Airbus India, also participated in the round.

International Battery Company (IBC), which manufactures lithium-ion cells for electric vehicles and plans to set up a factory in Karnataka, closed its maiden funding round at $35 million, led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those liv...

MEXICO CITY (Reuters) -Mexico's Grupo Financiero Banorte reported on Wednesday a 13% increase in its net profit for the final three months of last year, driven by loan growth and lower costs, and predicted its revenue would grow around 10% in 2024.

Investing.com — U.S. crude stockpiles unexpectedly increased last week, the API reported Wednesday, at a time when concerns about demand continue to rise following weaker growth from China.   

After-Hours Stock Movers:

The sharp drop in the New York Federal Reserve’s Empire State business-conditions index in January triggered a wave of warnings.

By Ketki Saxena

Fintech Flourish has rolled out a platform that will make it easier for registered investment advisors to provide fee-based annuities for their clients.

Automatic enrollment might be the single biggest factor that has boosted 401(k) savings over the past 18 years, and it could soon be used to sign up employees for emergency savings accounts.

As the stock market braces for a potential pullback, with CNBC’s Jim Cramer pointing to overvalued tech stocks and artificial intelligence ventures, the impact on cryptocurrency markets, particularly Bitcoin price prediction, becomes a focal point of interest.

Kate Middleton has undergone a planned abdominal surgery at a private hospital in London and will recover in the medical clinic for 10 to 14 days, Kensington Palace announced Wednesday.

Analysts at BTIG upgraded Marathon Digital (MARA) from Neutral to Buy on Wednesday, citing the positive effects that the recent watershed approval of Bitcoin ETFs is having on the flagship cryptocurrency and crypto mining stocks.

In a recent joint SKKN and Kim Kardashian Instagram post, the beauty brand SKKN hinted at an upcoming launch of color cosmetics, with a speculated date of Jan 26th, 2024.

There is both good news and bad news for Atlantic City's casinos and racetracks that took sports bets in 2023