UPS Financial News

Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a «seamless, export-friendly» economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. «Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties,» Sitharaman said.

Subscribe to enjoy similar stories. When evaluating mutual funds, most investors focus on returns, but there’s more to a scheme than just performance numbers. A closer look at key quantitative measures can reveal how a fund is managed, the level of risk it takes, and its consistency across market cycles.

Subscribe to enjoy similar stories. Mumbai: In an era where media consumption is more fragmented than ever, Nielsen, a company that has long been synonymous with audience measurement, finds itself in a race to keep up. Karthik Rao, chief executive of Nielsen, acknowledges the reality check: “The revelation was not about the media landscape—it was about what we need to do to keep pace and get ahead.

Reliance Industries electric vehicle battery-making unit has asked the federal government for more time to set up its manufacturing plant as part of a production-linked incentive scheme, the Mukesh Ambani-led conglomerate said on Tuesday. The conglomerate did not specify the length of the extension sought or the reason for the delay. In March 2022, Reliance secured incentives under the government's production-linked incentive (PLI) scheme to establish 5 gigawatts (GW) of local manufacturing capacity for advanced chemistry cells (ACCs).

Jan Vishwas Bill 2.0 to decriminalise over 100 provisions. «Our government remains steadfast in reducing regulatory burden and enhancing trust based governance to improve ease of doing business, said Sitharaman. »Through Budget announcements, we are taking various steps in making India a seamless and export-friendly economy. Where the companies are free to work on innovation, and not on regulations and penalties," added Sitharaman.

Shares of Mahindra Lifespace Developers Ltd.(up 1.42 per cent), Raymond Ltd.(up 1.3 per cent), Brigade Enterprises Ltd.(up 0.89 per cent), Oberoi Realty Ltd.(up 0.58 per cent) and Prestige Estates Projects Ltd.(up 0.34 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. Insurance is a human innovation that ensures that in moments of crisis, no one individual has to bear the weight of misfortune alone. Pooling risk has allowed us to contract, innovate and prosper, but with the ubiquitous availability of granular data, that assurance is starting to be replaced by something colder and more precise.

Varun Chakravarthy dismissed Australia's Travis Head in the Champions Trophy semi-final in Dubai. The Australian opener, known for his match-winning performances against India, was sent back for 39 off 33 balls, triggering an outpouring of reactions on social media. Skipper Rohit Sharma’s decision to bring Chakravarthy into the attack in the ninth over paid off immediately, as the spinner struck on just the second ball of his spell. Head’s dismissal reduced Australia to two down, giving India a crucial breakthrough in the high-stakes encounter. Travis Head had been a major concern for Indian fans leading up to the match, given his history of tormenting India on big occasions. His stunning 137-run knock in the 2023 World Cup final had cemented his reputation as a big-match player. In ODIs against India, he had amassed 345 runs at an impressive average of 43.13.

«The (forest) department has taken up the mapping of wetlands using remote sensing data and the ground truthing and subsequent demarcation of these wetlands exercise, in collaboration with the stakeholder departments revenue and wildlife for wetlands, above 2.25 hectares, as per the directions of the Supreme Court,» the minister said. The exercise is underway at present and scheduled to be completed by March end, he added.

The imposition of U.S. trade tariffs on China, Canada and Mexico dampened risk appetite, triggering a decline in global stocks and bond yields. However, Asian currencies rose between 0.1% and 0.6%.

Subscribe to enjoy similar stories. Shriram Finance has recently been in the news for all the right reasons. One, its fund-raising plans.

Subscribe to enjoy similar stories. Dalmia Bharat Ltd is expanding its footprint by making a strategic investment of about ₹3,520 crore, to be funded via debt and internal accruals. The cement maker will establish a 3.6 million tonnes per annum (mtpa) clinker unit and a 3mtpa grinding unit at its plant in Belgaum, Karnataka.

Subscribe to enjoy similar stories. Come March and India’s urban residents develop a feverish feeling arising from the anticipated onslaught of summer heat. As monsoon rains near, that feeling transitions to a sense of foreboding over the risk of flooded roads, stranded cars and man-eating manholes.

Subscribe to enjoy similar stories. The U.S. economy entered a new era at 12:01 a.m.

brokerage applications to block funds directly in bank accounts through its Unified Payments Interface (UPI) service. In an exchange filing, the company said Paytm UPI now supports UPI Trading Blocks, a feature that aims to simplify the trading process. Users can now set up automatic payment deductions directly from their bank accounts. This negates the need for users to transfer funds to trading accounts on brokerage apps. The money remains in the bank account earning interest while being accessible for immediate trades.

Many industry workers and experts expect that the result of tariffs will be that cheap steel gets dumped in places like India. That's because the announced 25% tariff will make it too expensive for many companies in countries like China and South Korea to keep exporting to the U.S. For B. Praveen of Sun Techpro Engineering, which makes products from steel metal sheets, it means his «wafer-thin» profit margins will probably grow as the steel he buys gets cheaper.

«We are seeing what is going on already with equity markets going down, bond markets increasing a little bit already. Investors do not like uncertainty,» says Seth R Freeman, MD, GlassRatner Advisory. Like the way how Trump is making sure that all of us are up early, are Trump's moves giving you sleepless nights by any chance? Seth R Freeman: You want to wake up in the middle of the night and see the news. It has been constant now for the limited time that he has been the president. And now, he has the whole world shaken up.

Subscribe to enjoy similar stories. In mid-January, the Centre announced the formation of the 8th Pay Commission to set future pay and allowances for central government employees. The previous pay commission was formed in 2013, and its recommendations, impacting both defence and civilian personnel, came into effect in 2016.

Subscribe to enjoy similar stories. A small group of directors from an Australian company traveled to the southern tip of Greenland recently, where they have been planning to extract rare-earth minerals from one of the world’s richest deposits for more than two decades. They didn’t get as far as they had planned.

Tim Cook announced that Apple has a new product launch coming this week. The short teaser video posted on X reads: “There’s something in the Air.” This strongly suggests that Apple will unveil a new MacBook Air. The upcoming model is expected to feature the M4 chip and will retain the familiar 13-inch and 15-inch designs of its predecessor. The M4 chip is set to bring significant upgrades for MacBook Air users. While the current model supports up to 24GB of RAM, the new version is likely to increase that limit to 32GB. Additionally, users can expect improved memory bandwidth, two extra CPU cores, and a 12MP Center Stage camera. This strongly suggests that Apple will unveil a new MacBook Air. The upcoming model is expected to feature the M4 chip and will retain the familiar 13-inch and 15-inch designs of its predecessor.

«If one is a long-term investor, this is also a domestic-focused, our own domestic-focused consumption story and there is definitely scope there to build on to a portfolio if you are seeing some correction and consolidation started to happen, then one can be looking at real estate also,» says Neeraj Dewan, Market Expert. What is your take? Are you watching this space very closely because Chris Wood is of the opinion that the real estate cycle is not over as yet. He is still bullish on it, though the market commentary or the sentiment is pretty negative on the real estate space. What is your view on the real estate space? Neeraj Dewan: What we have seen here is that stock markets, real estate, they all move in tandem. So, we have seen a good correction in the markets. So, a lot of money which is going into real estate is not going to that extent. Though the prices have not corrected, like I am in North, so I can say about NCR region, the prices have not corrected, though maybe what we are hearing that some deals, so some negotiations are happening, so you get some discount.