UPS Financial News

Medikabazaar, India's largest B2B e-commerce marketplace for medical supplies, is gearing up to raise $150-$200 million from private equity investors to fund expansion through acquisitions and organic growth. «We are actively seeking another substantial round of investment to fuel our expansion,» said Vivek Tiwari, co-founder and CEO of Medikabazaar, in an interview to ET.

Realty major Lodha, listed as Macrotech Developers, expects its integrated smart township Palava City spread over nearly 5,000 acres near Mumbai to scale up and generate revenues worth $1 billion, or over Rs 8,000 crore per year, in the next few years, led by the development of residential and commercial properties including offices, a life sciences hub, warehousing & industrial spaces, said a top company official. The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete.

₹1,800 crore (through the IPO) to grow rapidly. Of this, ₹1,500 crore will be a capital raise to deleverage and future growth. We will use the remaining ₹300 crore for general corporate purposes and will deploy that later.

₹11 lakh, all the way up to ₹20 lakh ex-showroom. Garg expects the SUV to consolidate its leadership in the segment, as well as its contributions to the carmaker’s total sales in 2024, even as competition from manufacturers grows.

In a paper published this week in Nature, part of a series of insights about ancient peoples, researchers compared thousands of ancient and modern genomes to unearth new information about multiple sclerosis (MS). The findings help scientists make the case that northern Europeans’ elevated risk of MS is a 5,000-year-old relic of becoming sheep and cattle herders. Mutations that make some people more vulnerable to the neurological condition once had a useful function, protecting their ancestors from pathogens.

The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account

Disney is hoping a recent decision bolstering a Florida prosecutor’s First Amendment case against Gov. Ron DeSantis helps its own free speech lawsuit against the governor

A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition

Student and legal advocacy groups are petitioning the U.S. Department of Agriculture to lift the interview requirement for Supplemental Nutrition Assistance Program applicants to receive food aid

Shell has reached an agreement with a consortium of companies to sell its onshore business in Nigeria's Niger Delta in a deal worth $2.4 billion

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks.

Investing.com — Goldman Sachs (NYSE:GS) reported its Q4/23 results today, with EPS of $5.48 coming in better than the consensus estimate of $3.80. Following the results, Goldman Sachs’ shares rose more than 1% pre-market today.

₹10,800 crore). The firm, which is betting big on green hydrogen, has appointed global consulting firm EY to look for buyers. There is a huge interest in green hydrogen in the country, with 5.8 million tonnes (mt) of green ammonia capacity coming up.

₹10 crore, it has two radio signals—a Localizer that offers left or right guidance, and a Glide Slope for up or down signals. Airports typically apply the Category II (CAT-II) procedure for flights and pilots when visibility is 275-550 metres, and CAT-III below 275 metres, down to 50 metres. Only CAT-III B certified pilots can land when the visibility is about 50 metres.

Reliance Power, Unitech and Reliance Capital (2008). You will note that these are often very popular stocks that rally purely based on narrative. Their valuations are completely out of whack with reality, and yet, money continues to chase such stocks.

Vivek Ramaswamy, announced on Monday he will no longer be running for the presidency of the USA, USA, USA! By dropping out, the 38-year-old Harvard graduate and biotech entrepreneur may return to his earlier libertarian avatar, minimising the 'radical conservative' window he has been screen-sharing all this while to become prime tenant of 1600 Pennsylvania Avenue. The reason for RamSam flashing the time-out sign is his poor showing in the Iowa caucus Republican presidential nomination contest where he came a poor fourth trailing 'The Don' Trump, 'The Ron' DeSantis, and 'Rikki-Tikki' Nikki Haley. Campaigning as the apostle of anti-wokeism was always going to be tough when you have anti-woke prophets like Don and Ron at the pulpit.

blue sky becomes a source of immeasurable joy and relief. The sight of the heavens painted in electric is nothing short of heavenly. The sheer contrast between the dull, overcast days and the radiant azure of a clear sky is a reminder not just of change of time but also that of place.

Artificial intelligence lab OpenAI is forming a new team to create democratic processes to shape how its AI software should be governed to address bias and other factors, the Microsoft-backed company said in a blog post on Tuesday. The «Collective Alignment» team is a continuation of the work of a grant program for funding democratic process experiments that was announced in May 2023, the San Francisco-based firm said. The program wrapped up recently.

Directorate of Estates on Tuesday issued a notice to evict former TMC MP Mahua Moitra, who was expelled from the Lok Sabha last month, from her government bungalow, sources in the Union Housing and Urban Affairs Ministry said. The Trinamool Congress leader has been asked to vacate the bungalow immediately, which had been allotted to her as an MP, they said. «Since the eviction notice was issued to her (Moitra) on Tuesday, a team of officials from the directorate of estates will now be sent to ensure that the government bungalow is vacated at the earliest,» a source told PTI.

Statistics Canada says the annual rate of inflation accelerated to 3.4 per cent in December, thanks to gas prices and still sticky price hikes at the grocery store.

Brent crude futures gained 81 cents, or about 1.04%, to $78.96 a barrel at 1333 GMT. The contract had lost 14 cents on Monday. U.S.