UPS Financial News

ALSO READ: Bharatiya Antariksha Station by 2030, presence on Moon by 2040: Somnath reveals ISRO goals at Gujarat Space Conference Reflecting on the recent successes and the guidance provided by Prime Minister Narendra Modi, Somanath said the prime minister has always been a fervent advocate for the space endeavours of India. "Let me look at the type of vision that the prime minister has given after this success story of the last six months.

₹19,878 crore. EBITDA, too, saw a healthy 30.2 per cent YoY rise to ₹44,867 crore while the EBITDA margin jumped 390 bps YoY to 17.5 per cent. RIL is a diversified conglomerate and it operates in various sectors, including energy, petrochemicals, retail, and telecommunications.

tablets priced under ₹25,000. Tablets have emerged as versatile tools, blending the portability of smartphones with the functionality of laptops. This sale event is an ideal time for consumers looking to purchase their first tablet or upgrade to a newer model without stretching their budget.

By Vera Eckert

Cryptocurrency markets are calmer this week after starting 2024 with volatile trading.

Hennion & Walsh Asset Management President and CIO Kevin Mahn discusses the state of the Fed's inflation fight after consumer prices rose more than expected in December on 'The Big Money Show.'

Investing.com -- U.S. futures point lower on Wednesday, with traders gauging the potential for Federal Reserve interest rate cuts this year following a hawkish statement from a top official at the central bank. Elsewhere, Walt Disney (NYSE:DIS) rejects a raft of nominees to its board put forward by activist investors, while headwinds against the Chinese economy loom despite the country posting annual growth that beat Beijing's target.

What a difference a year and a nickname make.

One of the dullest themes in climate investing was nevertheless one of its most profitable last year.

Pulte Capital CEO Bill Pulte argues home prices in the new year won't be going down significantly.

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Investing.com-- China’s economy grew slightly less than expected in the fourth quarter amid consistent pressure from weak spending and a property market decline, although growth for 2023 managed to just edge past government targets.

By Gilles Guillaume and Diana Mandia

It’s hard to think of a worse environmental scandal in recent years than Volkswagen’s 2015 diesel-emissions cheating. The German automaker was rightly pursued by regulators, enforcement agencies and class-action lawyers. The scandal ended up costing Volkswagen an estimated $33 billion in fines and financial settlements—and revealed that diesel-emissions cheating was endemic.

SoftBank has fully exited PB Fintech, the parent of insurance marketplace PolicyBazaar, according to people aware of the matter. SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore (or $109 million). In total, SoftBank has made around $650 million in returns on its total investment in the Gurgaon-based insurance aggregator. In December, SoftBank also made an exit from Zomato. It picked up a stake in the company when the food delivery platform acquired Blinkit (formerly Grofers) in 2022 in an all-stock deal.

₹1,476 apiece. This was the stock's biggest intraday jump since May 2023. The notable surge in shares today is attributed to the release of the company's Q3FY24 earnings on Tuesday post market hours, reporting a 22.4% YoY improvement in net profit to ₹431 crore.

Bengaluru, A good show by the ruling Congress in the coming Lok Sabha elections in Karnataka would enable Siddaramaiah to continue as Chief Minister for a full term of five years without any hindrance, his son Yathindra said on Wednesday, sparking a debate on the vexed leadership issue. After the Congress swept the Assembly elections in May last year, Siddaramaiah, who was engaged in a stiff competition with senior party leader D K Shivakumar for the Chief Minister's post, was chosen to lead the government.

The Nifty Metal index was the second worst performer for the day, behind Nifty Bank and fell 2.5% to the day's low of 7,736.15. In the 15-stock index, 14 were on the losing side. The other major losers were APL Apollo Tubes, Jindal Steel & Power and National Aluminium Company, each down by 3.3% around 2 pm on Wednesday.

Hardeep Singh Puri said. «Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated. No-one is looking at that», Puri told Reuters in an interview at this week's World Economic Forum in the Swiss ski resort of Davos, referring to attacks by the Houthis on ships in the Red Sea. Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and the resulting adverse impact on global prices, will dent long term demand. It is «imperative» for India to accelerate its transition to green energy in this scenario, he added. Iraq followed Saudi Arabia in charging a premium for oil supplies to Asian markets which made their crude «more expensive than crude sourced elsewhere», the minister said, noting India is now buying from 37 countries up from 29 earlier.

Kishore Jayaraman, president, Rolls-Royce, India & South Asia, believes in approaching things mindfully – be it his diet, downtime on the greens or work-life balance. In conversation with ET Panache, Jayaraman talks about why he thinks of work-life balance as a balloon and how he’s trained his mind to stay calm when faced with setbacks.

bank. Strong expansion of retail loans, at an annual rate of about 30%, was a “sign of heating up,” State Bank of India’s Dinesh Khara said in a Bloomberg Television interview at Davos on Tuesday.