UPS Financial News

PhonePe and jewellery brand CaratLane on Monday announced their partnership to enable consumers to purchase jewellery by redeeming their accumulated Digital Gold. «Consumers who have invested in 24K Digital Gold on PhonePe in partnership with CaratLane can redeem it for a jewellery of their choice at CaratLane and can also avail up to 7% extra on redemption amount (7% for Diamond jewellery, 4% for Gold jewellery, and 2% for Gold coins),» the companies said in a joint press release. The above said offer is valid till the end of this month. This strategic alliance aims to revolutionise the way people acquire and gift beautiful everyday jewellery. «Gold Savings is one of the key investment options for customers in India, and we have seen a strong inclination towards Digital Gold investment on our platform in the last few years. We are confident that this partnership will transform the way people invest in Gold,» said Sonika Chandra, Chief Business Officer — Consumer Payments at PhonePe. Avnish Anand, Chief Executive Officer at CaratLane finds that this initiative is very similar to digitisation of payments. «The whole point of building the Digital Gold business is to provide a simpler cost-effective solution to consumers who buy and gift gold for future jewellery purchases. Today most such customers buy gold coins. This strategic partnership with PhonePe is a crucial step in making that happen,» said Anand. PhonePe and CaratLane have also said that they offer 99.99 per cent purity-certified 24K Digital Gold through this partnership.

Li Qiang said on Tuesday in Davos the Chinese economy was open for business and highlighted its potential for foreign investment as its vast population becomes rapidly more urban and its middle class is forecast to grow. As China grapples with a sluggish post-pandemic recovery and a real estate slump, overseas executives have grown concerned about its long-term growth prospects for the first time in the four decades since Beijing opened it up to foreign investment.

poverty and chronic inflammation could more than double the risk of death from heart disease and triple the mortality risk due to cancer over a 15-year period, new research in the US has found. Poverty has been documented to individually heighten the risk of mental illness, heart disease, hypertension, and stroke, in addition to higher mortality and lower life expectancy.

Tata Technologies, a marquee entrant to the bourses in recent times, will announce its quarterly results for the first time since listing on January 25. «A meeting of the Board of Directors of Tata Technologies is scheduled to be held on January 25, 2024, to consider and approve the audited standalone and consolidated financial results for the quarter ended December 2023,» the company said in a filing. For the six months ended September period, the company's total income rose 35% year-on-year (YoY) to Rs 2,587 crore and net profit was up 36% to Rs 352 crore in the same period. The company derives significant revenues from its top 5 clients (73% in FY23) including Tata Motors. Over FY 21-23, Tata Tech's revenue, EBITDA, and net profit grew at a CAGR of 36.2%, 45.9% and 61.5%, respectively. Return ratios – RoE and RoIC improved by 971 bps (to 20.9%) and 308 bps (to 36.3%) in FY23. The IPO from the Tata Group company was lapped up by investors with overwhelming interest.

Amazon Republic Day Sale, many premium smartphones from big brands like Samsung, Apple, and Motorola are currently available for a fraction of their original price. With future-ready technology in the mix, flagship smartphones now include foldable devices that can completely transform your experience.

Ram Mandir consecration ceremony on January 22 in Ayodhya, hotels are either sold out or available at very high rate. Noting the trend, EaseMyTrip had earlier informed, “Leading up to the inauguration, Ayodhya's hotels are fully booked, enabling them to leverage increased pricing. Occupancy rates have risen from 80% to 100%, resulting in substantial price hikes, reaching up to ₹70,000 per night in select hotels." People in the Luxury category can look for options like Park Inn by Radisson Ayodhya, The Ramayana, Cygnett Collection KK Hotel, Royal Heritage Hotel And Resort and Clarks Inn Express.

₹1,036 crore in the third quarter ended December 31, 2023. In the same quarter a year ago, the bank had recorded a net profit of ₹775 crore. In a regulatory filing, Bank of Maharashtra said that its total income rose to ₹5,851 crore during the December quarter against ₹4,770 crore in the same period last fiscal year.

₹450 crore and an offer for sale of up to 2,412,685 equity shares. For the IPO, Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital Private are the book-running lead managers.

₹1,694.35 in the previous session, on January 15. With that, it has now rallied over 71 percent from its 52-week low of ₹990.25, hit on February 1, 2023. The private sector lender reported a 22 percent year-on-year (YoY) rise in the September quarter standalone net profit to ₹2,181.5 crore on the back of higher income and lower provisions.

₹336.2 crore for the third quarter of FY24, registering a growth of 13.3% from ₹296.8 crore in the corresponding quarter of last year, the firm said in a regulatory filing. L&T Technology’s revenue in Q3FY24 increased 12.3% to ₹2,421.8 crore, from ₹2,157 crore, YoY. Among other details, the firm said that the EBITDA of ₹487.7 crore for the quarter was registered up 11.9 percent, from ₹435.6 crore in the corresponding quarter of last year.

smartphones from different brands with amazing features and hardware, offering high-end processors, large displays, and massive batteries without draining your wallet. Each smartphone on this list delivers tremendous value for the Indian consumer. A multiple-camera setup is present to capture various perspectives of your cherished memories.

With bustling flower markets, exciting city-wide events and beautiful festive displays galore staging throughout the entire festive period from day to night, Hong Kong is one of the Asian cities with the richest CNY ambience. Tourists looking to experience a celebration like no other should definitely pay a visit during Chinese New Year - and we can show you how to celebrate just like the locals do.#1 Tuck into a Poon Choi Feast for Being Perfect in Every Way Also known as a “basin meal,"poon choiused to be a rather under-the-radar dish, confined mostly to rural villages.

Emerging-market stocks have dropped in the first half of January, something that hasn’t happened since 2016. Sentiment has taken a knock from growing uncertainty about when the Federal Reserve will begin to loosen monetary policy, with traders keenly awaiting a speech by Fed Governor Christopher Waller later Tuesday for insights. Meanwhile, investors are scrambling to price a host of geopolitical events from the Middle East to the US, where markets are weighing a potential return of Donald Trump to the White House. MSCI Inc.’s index of developing-nation stocks slumped 1.2% on Tuesday, the most in almost two weeks, to trade at its lowest since Dec. 14 and extending its January declines to 4%. The currency index was led lower by South Korea’s won and the rand as a gauge for dollar strength rose to a one-month high. The last two comparable bad starts to a year have preceded major emerging-market rallies. In 2016, the January slump followed the first Fed rate hike in almost a decade. Higher US rates sparked a brief capital flight from riskier assets, leading to an 11% plunge by mid-January of 2016. However, things soon turned around as investors chased cheaper valuations, and EM stocks began a two-year, $8.3 trillion rally. Something similar happened in 2009. The Fed dropped benchmark interest rates to near zero in December 2008, but investors fretted over the lingering effects of the global financial crisis and continued to dump emerging-market stocks well into January. Months later, as the US began a bull market, sentiment toward EM improved too, driving the MSCI gauge 75% higher over 2009. Easing Volatility Underpins Case for Emerging-Market Rebound

Ministry of Ports, Shipping, and Waterways (MoPSW) has constituted a high-level task force to oversee the establishment of the Indian Maritime Centre (IMC), in a bid to build global credibility for the Indian maritime sector. The main objective of the task force is to provide policy direction for the formation of IMC for smooth and sustainable operationalisation, the ministry said in an office memorandum.

Uniqlo said Tuesday that it is suing Chinese rival Shein over copycats of a massively popular crossbody pouch dubbed online the "Mary Poppins carryall". Videos of fans praising its deceptively small size have gone viral on social media, with one clip on TikTok of a young woman unpacking numerous large items racking up more than a million views.

Patna till class 8 to remain closed till January 20. Earlier, the district administration in four districts, including Patna, had ordered the closure of all government and private schools for students up to Class VIII until January 20 due to the cold wave sweeping the state.

markets regulator Sebi has renewed its recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday.

Jyotiraditya Scindia on Tuesday in a post on X issued additional SOPs in connection with the chaos at the airport and in the aircraft due to fog-related flight delays which have affected flight operations, particularly in Delhi airport. The minister wrote, that because of the fog-induced disruptions, Standard Operating Procedures (SOPs) on mitigating passenger inconvenience were issued yesterday to all the airlines. 1.

Life Insurance Corporation (LIC), India's largest life insurer, soared 5.30% in today's intraday to touch ₹900 apiece, a level not seen since its listing in May 2022. This also represents the stock's new 52-week high. The insurance behemoth was listed on the Indian stock exchanges on May 17, 2022, at ₹875.25 apiece as compared to the issue price of ₹949.

Amazon Republic Day Sale, you can find the earbuds of your dreams and upgrade how you consume audio daily. Immerse yourself into your favourite song or series with these True Wireless Stereo (TWS) earbuds from big audio brands like Sony, boAt, JBL, Bose, and Noise. Whether you're an audio aficionado or a casual consumer of media, these wireless earbuds will blow you away with their impressive features, audio quality, and battery life.

Apple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market from rivals. The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones by the equivalent of up to $70. Other products will be discounted by up to $110.