UPS Financial News

weapon systems, two South American countries have shown interest in the Pinaka multi-barrel rocket launchers. The Defence Research and Development Organisation (DRDO) is also developing rockets that would be able to strike targets at 120 km and 200 km. The Indian-made Pinaka weapon system is named after the bow of God Shiva and has been developed by the DRDO. «We have already achieved success in the exports of the Pinaka MBRLs to Armenia.

Newgen Software Share Price: Shares of IT software firm Newgen Software Technologies Ltd were locked at over five per cent upper circuit to hit its fresh 52-week high mark of ₹898.60 on the BSE, after announcing its October-December quarter results for fiscal 2023-24 (Q3FY24) earlier today. Newgen Software Technologies' net profit rose 44 per cent in the December quarter at ₹68.3 crore, compared to ₹47.3 crore in the year-ago period. The software company's revenue from operations in the third quarter of current fiscal stood at ₹324 crore, registering a growth of 27 per cent, compared to ₹255 crore in the corresponding period last year.

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tablet tailored to your needs. We picked the top 5 tablets from the Amazon Republic Day Sale with up to 55% discount. Our guide takes you through a diverse array of options, considering factors like processing power, display quality, and multitasking capabilities.

Mint. The move aims to integrate godowns built at the Primary Agricultural Credit Society (PACS) level with the national food grain supply chain, providing essential market linkages for PACS. DoCA will permit NCCF to utilize its warehouses for storing various commodities like pulses, oilseeds, onions, and grains under various government schemes like the Price Support Scheme (PSS) and Price Stabilisation Fund (PSF).

Canada is caught in a “population trap” for the first time in modern history and needs to limit immigration to escape it, say economists with the National Bank of Canada.

Economists have been planning for the possibility of recession in 2024 — technical or otherwise — for months. But some on the outlook panel suggested the gloomier scenarios may be overdone and that Canada might avoid a recession altogether. “We’re reasonably optimistic that we avoid a recession, in the traditional sense of the word,” panelist Jean-François Perrault said, adding that while there’s no question the economy has slowed, households are hanging in there. That provides some comfort that some of the worst potential outcomes won’t materialize.

JPMorgan Chase & Co. is building up its Canadian asset management team, with new hires planned for Toronto and Montreal, as it looks to tap into growing demand from the wealthy for private investments.

Goldman Sachs’ profits jumped 51% from a year earlier, the investment banks said Tuesday, helped by the strong returns in the overall market in the last three months of the year

The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion

Some people may want to fast-track their savings because they have early retirement goals or want to catch up after a period of not saving as much as desired

Karnataka Bank and non-banking finance company (NBFC) Clix Capital on Tuesday signed up for a strategic digital co-lending partnership through the platform Yubi Co.Lend. The partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth. The agreement is in line with the Reserve Bank of India's guidelines on co-lending by banks and NBFCs to priority sectors. The partnership combines Karnataka Bank’s low cost of funds, end-to-end digital capabilities and expertise to offer credit facilities to this segment along with Clix Capital's strong & easy lending tech platform and robust due diligence.

interim budget on February 1. This means less likelihood of any major announcement or showering of freebies on the poor. The government is also likely to slow the pace of capital expenditure to rein in fiscal deficit. The fiscal deficit target of 5.3% will be set by the government in FY25, keeping in view the fiscal consolidation path till FY26, as it normalises capital spending and refrains from any major announcements in the interim budget before the general elections, Icra and Barclays economists have said. ICRA expects the fiscal deficit target for FY25 to be set at 5.3% of GDP, midway through the expected print of 6.0% for FY2024 and the medium-term target of sub-4.5% by FY26. India has set a target of a 5.9% fiscal deficit for FY24. The interim budget is expected to follow the tradition and just seek a vote on account, Parliament’s nod for a grant in advance to meet the Centre’s essential expenditure for the first four months of FY2024-25. But the government may not totally ignore pressing issues that demand action especially just months before elctions. One such issue of economic as well as electoral importance is sluggish rural demand as the poor in India's rural areas are hit more by rising prices. The government may not wait till the full budget to address the issue and might declare welfare schemes for the rural poor in the interim budget.

Market expectations for rapid interest-rate cuts are a bit premature because the battle against inflation isn’t yet over, International Monetary Fund official Gita Gopinath said. 

Mergers and acquisition chatter in the registered investment advisor market started off at a substantial volume in 2024 as reports of Fisher Investments potentially seeking a buyer kicked off the new year. Fisher Investments, with $236 billion in client assets, denied the reports.

Yesterday marked Martin Luther King Day, a federal holiday since 1983. Historically, the market has exhibited a positive average reaction on the Friday before and a weaker performance on the following Tuesday. Here are the figures:

By Milana Vinn and Anirban Sen

Investing.com — Goldman Sachs (NYSE:GS) has reported fourth-quarter revenue that topped analysts estimates thanks in part to strength in equity sales and trading that helped offset weakness at the Wall Street giant's core investment banking unit.

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

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