UPS Financial News

JPMorgan Chase’s return-to-office (RTO) mandate is off to a rocky start, with employees struggling to adjust to the sudden five-day-a-week in-office requirement, as per a report.

Credit growth continued to outpace deposit growth even as both have slowed over previous years according to the latest data released by the Reserve Bank of India. Outstanding bank deposits amounted to Rs222 lakh crore as of February 21, up 10.3% year-on-year compared to 13.1% in the same period a year ago according to the latest weekly statistical supplement released by the central bank. Outstanding bank credit on the other hand amounted to Rs 179.9 lakh crore as of February 21, up 11% y-o-y compared to 20.5% growth in the same period a year ago.

NITI Aayog will soon firm up the list of infrastructure projects to be monetised over the next five years. The government think-tank has invited bids for preparation of the Infrastructure Projects Pipeline and suggesting innovative project and financing structures for accelerated development of infrastructure in the country through private sector investment. “The list is to be prepared on the basis of assets or land parcels proposed by the concerned central ministries and such assets as identified by the consultant,” the Aayog said in the request for proposal (RFP) document floated to invite bids from technical consultants. The exercise is expected to be complete in five months. The asset classes and land parcels may include highways, railways, power, petroleum and natural gas, civil aviation, ports, warehousing and storage, urban infrastructure including housing and transport, coal and mines and telecom.

The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by Reuters predicting the monthly rise in payrolls to hit 160,000 jobs. Nevertheless, the figures for February marked a significant increase from the downwardly-revised figure of 125,000 jobs for January this year. The largest rise was recorded in the healthcare sector, which added 52,000 jobs last month, in line with the average monthly gain of 54,000 over the last year. US adds 256,000 jobs in December as unemployment rate softens Non-farm...

According to a stock exchange notice today (7 March), the conditional tender offer will be based on the trust's net asset value (NAV) total return underperforming against its reference index, which is currently the Vietnam Ho Chi Minh Stock index (VN index), over the five-year period to 31 March 2030.  While the board said it «has confidence» that the trust's investment manager will be able to outperform the index over the coming five years, if the performance falls below this index, shareholders will be able to realise up to 100% of their interests in the vehicle.  Baillie Gifford Ch...

The proposed changes will be implemented via the acquisition of the company by the management vehicle, according to a stock exchange notice today (7 March). As part of the internalisation, the composition of the vehicle's board will change, with Richard Moffitt becoming CEO, while the roles of chief investment officer (CIO) and chief financial officer (CFO) will be filled by Justin Upton and Jamie Waldegrave, respectively, who will both also join the board.  Urban Logistics urges abrdn Property Income to reconsider its takeover proposal The initial consideration will be of £6.8m, s...

The Trump administration's purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.

Of the 57 companies which do not have a woman director, 26 are public sector undertakings (PSUs). 2,687 women hold 3,479 (21%) of the directorship positions, up from 17% as on March 31, 2020 and just 5% as on March 31, 2014 when the requirement to appoint one woman director on board had just been announced.

IRS tax return refund schedule, the expected refund amount, and the new tax brackets of 2025. Everything you need to know Follows.

Shares of Kotak Mahindra Bank Ltd.(up 0.72 per cent), Axis Bank Ltd.(up 0.35 per cent), Punjab National Bank(up 0.2 per cent) and State Bank of India(up 0.1 per cent) ended the day as top gainers in the pack.

stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, AVI Polymers Ltd.(20.00%), Bengal Tea & Fabrics(19.99%), KLK Electrical(19.99%), Hemo Organic(19.97%), Somi Conveyor(19.79%), Spenta Intnl(18.11%), Futuristic Sol(16.48%), Laxmi Dental(16.43%), Ashnisha Industries(15.92%) and Capital Trust(15.59%).

After years of setting up legal headquarters abroad, Indian startups are increasingly shifting their domicile back to India. Companies such as Razorpay, Udaan, Pine Labs, and Meesho are reversing their earlier decisions, while Zepto has already completed the transition. The trend, known as “reverse flipping,” is being driven by improved IPO prospects, easier compliance, and India's strong economic growth. The shift is not straightforward, with companies requiring multiple legal and regulatory approvals and paying significant taxes. However, India’s maturing capital market is providing a compelling reason for startups to return. Alok Bathija, Partner at Accel, said that while a software firm with $50-$60 million in revenue can now list in India, a similar listing in the US would require nearly $500 million in revenue. With Indian markets offering higher valuations and greater accessibility, more startups are choosing to relocate.

Bohra Industries Ltd.(up 4.98%), Zuari Agro Chemicals Ltd.(up 4.22%), Aries Agro Ltd.(up 3.82%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 3.46%), Agro Phos India Ltd.(up 2.55%), Madras Fertilizers Ltd.(up 1.66%), Paradeep Phosphates Ltd.(up 1.58%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.53%), Coromandel International Ltd.(up 1.37%) and Rama Phosphates Ltd.(up 1.26%) stood among the top gainers.

Dr. Saurabh Sethi, a Harvard and Stanford graduate, recently urged his followers to eliminate three surprisingly toxic items from their bathrooms immediately. In a viral video, he highlighted common everyday essentials that, if neglected, could pose serious health risks. He specifically pointed out toothbrushes, razors, and mouthwash as culprits that need urgent attention. Dr. Sethi began by listing the “three worst bathroom items” that should be discarded without delay. Topping the list was the toothbrush. He revealed that a staggering 75% of people continue using their toothbrushes beyond the recommended three-month period. Over time, toothbrushes lose up to 30% of their cleaning efficiency, and worse, the bristles become a breeding ground for bacteria, potentially harming oral health. The second item on his list is dull razors. He stated that dull razor blades cause 10 times more skin irritation. He urges everyone to replace them after just five to seven uses to avoid skin damage and infections. The final common washroom item that he warns everyone of is the anti-microbial mouthwash. He claimed that according to studies, such mouthwash can harm the beneficial bacteria in the mouth that can affect the balance of the gut microbiome.

The NSE Nifty index closed 7.8 points up at 22552.5, while BSE Sensex ended down 7.51 points at 74332.58.

Magadh Sugar & Energy Ltd.(up 3.94%), Rana Sugars Ltd.(up 3.68%), Mawana Sugars Ltd.(up 3.18%), Rajshree Sugars & Chemicals Ltd.(up 2.85%), Avadh Sugar & Energy Ltd.(up 2.75%), Vishwaraj Sugar Industries Ltd.(up 2.24%), Sakthi Sugars Ltd.(up 2.20%), Triveni Engineering & Industries Ltd.(up 2.19%), Kothari Sugars & Chemicals Ltd.(up 2.00%) and Dalmia Bharat Sugar and Industries Ltd.(up 1.75%) stood among the top gainers.

Subscribe to enjoy similar stories. Inside the dimly lit interiors of Kiran Nadar Museum of Art (KNMA) in Delhi, 87-year-old Gulammohammed Sheikh leads a group of art enthusiasts on a walkthrough of his latest exhibition, Of Worlds Within Worlds. It’s a chilly morning in early February, but this grand retrospective of a lifetime’s brilliance runs till the end of June, which is just as well.

Subscribe to enjoy similar stories. As international conflicts go, none did so little to disrupt the global order as the “whisky wars" that pitted Canada against Denmark for four decades. Flaring up in 1984, the unlikely spat involved a one-square-kilometre island in the middle of an icy Arctic channel marking the border between Greenland (now a self-ruling part of Denmark) and the Canadian territory of Nunavut.

Subscribe to enjoy similar stories. It is 9.30pm, and there is a patient, gregarious crowd outside the newly opened LICK (Lavonne Ice Cream Kitchen) in Bengaluru’s Indiranagar. Inside, the energy is almost nightclub-like, with peppy music, neon lights, and servers bustling about scooping ice-cream into shiny golden cups and arranging elaborate sundaes.

Subscribe to enjoy similar stories. BENGALURU : Multi-brand restaurant operator Rebel Foods, which is gearing up for a public-market listing in 2025-26, expects its newly launched 15-minute food delivery service ‘Quickies by EatSure’ to be a major growth driver in coming years, EatSure’s co-founder and chief executive Sagar Kochhar told Mint in an interview. The Mumbai-based company sees a massive opportunity in quick food deliveries and believes it has the right to win in the category thanks to its well-established model comprising offline eateries as well as cloud kitchens, which allow it to offer a full-stack setup with access to multiple brands such as Faasos, Behrouz Biryani, and Wendy’s, Kochhar said.

Subscribe to enjoy similar stories. The union government proposes to expand the network of digital banking units (DBU) across the country by nearly doubling their number to around 200 in just over a year.