UPS Financial News

The United States sends tremendous support to its allies around the world, but the payback has typically been a more stable world — it doesn’t always work, mind you, as we have seen these past three years. But no country benefits more from a tranquil world than the U.S.

In the trust's half-year results to 30 November 2024 released today (28 February), the private equity-focused vehicle's NAV per share grew 2.3% while its share price rose by just 0.2%.  Despite investing £12.7m in share buybacks, which were accretive to NAV, this was offset by «unfavourable currency movements» according to PIP, with the majority of the portfolio dominated by the US dollar.  Former 3i investment director joins Pantheon International board Over the 12 months to 30 November 2024, PIP's NAV increased by 5.3%, below the FTSE All-Share's return of 11.1% during the same p...

electric scooter maker Hero Electric is up for insolvency resolution under IBC (Insolvency and Bankruptcy Code), with the resolution professional (RP) inviting prospective bidders for the now bankrupt company. The Expression of Interest (EOI) from prospective bidders for the company was floated on February 18 and is set to close on March 14, 2025. The RP will thereafter issue the final list of prospective resolution applicants on April 8.

Jio Platforms, the telecom and digital arm of Reliance Industries, is building an AI personal computer in the cloud which is compatible with any consumer screen and will allow users to build compute-intensive AI applications, Aakash Ambani, chairman, Reliance Jio Infocomm said. He added that companies which do not embrace AI and reimagine their functions will have a “bleak” future. Further, he believes that AI will transform the future of jobs but won’t replace them. “We have a consumer application which we will be shortly launching. It’s a cloud PC, which is a complete PC in the cloud, which is accessible in each of your houses but really be device agnostic. No hardware. You can build high compute AI applications on top of that. And what you can leverage is the reach that Jio has,” Ambani said at the Mumbai Tech Week on Friday.

Kanye West, revealing how the split may have dramatically reshaped her relationship with her eldest daughter, North West. The SKIMS mogul opened up about the unexpected shift during a heartfelt conversation with sister Kourtney Kardashian on the latest episode of The Kardashians.

Subscribe to enjoy similar stories. If you read our profile of former Disney employee Matthew Van Andel, whose life was destroyed following a single download, you might be wondering: How can I prevent this from happening to me? The bad news is that anyone who uses the internet can be hacked. That is because in the game of hacking, the bad guys can fail as many times as they like.

Elon Musk has urged retired air traffic controllers to consider returning to work, highlighting a critical staffing shortage putting pressure on the aviation industry. His appeal follows growing concerns over air safety after a deadly midair collision at Reagan National Airport and several close calls at other US airports. But federal regulations impose strict age limits, making it difficult for many retired controllers to return to their positions.

International Gemmological Institute (IGI) on Friday posted a 45 per cent jump in consolidated net profit at Rs 113.78 crore for fourth quarter of the 2024 calendar year. The company, in a statement, said it had clocked a net profit of Rs 78.43 crore in the year-ago. IGI, listed on both BSE and NSE in December 2024, reported a total revenue of Rs 256 crore for Q4 of 2024 calendar year, six per cent jump from the previous year.

The Assam chief minister Himanta Biswa Sarma on Friday said Tata group has announced plans to establish a large-scale manufacturing facility for electronics and mobile technology in the State, with an investment of Rs 30,000 crore and hydrocarbon companies will pump in at least 85,000 Crore in exploration. The Tata project, set to be developed over the next five years, confirming the group's expansion plans, Tata Sons chairman Natarajan Chandrasekaran, during the Advantage Assam 2.0 Summit, revealed that Assam would host the new mobile manufacturing unit.

Subscribe to enjoy similar stories. Tesla stock is on course for its second worst month ever. Investors are looking for things than can turn the tide and looking for leadership from CEO Elon Musk.

Subscribe to enjoy similar stories. Surefire hits are rare in the videogame industry. Even rarer is to have two coming in the same year.

Manglam Group, this hub is strategically positioned to benefit from the surroundings’ skyrocketing connectivity and infrastructure. Manglam Builders has been a leading name in the real estate business for 30 years. Their zest towards delivering only the finest quality land and resources to their clientele is unmatched. This industrial park isn't just another piece of land they have brought forth. It is more of a meticulously planned ecosystem that is carefully placed and curated to foster industrial excellence. It brings a compelling proposition for all discerning investors, established corporations and industrial giants alike. A few of their older schemes include Manglam Industrial Park in Manoharpura, Manglam Industrial City in Choumu, Manglam Industrial City in Govindgarh, Kanakpura Industrial Area in Sirsi Road, Jaipur. Each of these projects is operational providing Industries a well-planned infrastructure and amenities.

gold prices to soften, have started purchasing gold jewellery in the last two days as prices have fallen from a high of Rs 86,647 per 10 gm on last Tuesday to Rs 84,056 per 10 gm on Friday. Prices have dropped by Rs 2,509 per 10 gm over the last two days. The gold market was closed on Wednesday on account of Shivratri. Rajesh Rokde. chairman of All India Gem & Jewellery Domestic Council (GJC) said «The footfalls at the stores have increased. Those, who had been waiting to buy gold, have started their purchase. Consumers do not want to miss the chance of lower gold prices.» He added that the correction in gold prices seems to be a temporary one. «It may go up any moment if the trade war intensifies and the geopolitical risk heightens. This a good opportunity to buy gold, Rokde said.

European Commission’s visa “cascade” regime. Effective April 18, 2024, the policy allows frequent travelers from India to obtain multi-entry visas valid for up to two years initially, followed by a five-year validity period if passport conditions permit. The visa policy has improved mobility between India and the Schengen region. Indian travelers meeting the eligibility criteria will have travel privileges similar to those of visa-exempt nationals. The move aims to facilitate tourism, business, and family visits while strengthening EU-India ties. Prime Minister Narendra Modi welcomed the new visa system in the ongoing negotiations for the India-EU Free Trade Agreement (FTA), saying, «We welcome the new visa cascade regime of the EU. This will provide better mobility to the abilities of India's talented youth.»

Ikea as it continues to expand its footprint in the country. Despite a global downturn in the home furnishings sector, Ikea saw robust growth in India, with revenues surpassing 45 billion euros in FY24, demonstrating resilience amid subdued consumer demand. «Affordability is a key focus for us. In the last two years, Ikea India has lowered prices up to 16-39% in line with its global commitment and investment to pass on the benefit to the customers. This was a global move by Ikea to stay true to its affordability promise,'' Susanne Pulverer, CEO & chief sustainability officer, Ikea India told TOI in an interview. In FY24, Ikea substantially lowered prices across 63 markets to push sales in a shrinking home furnishing market. (Ikea financial year runs from Sept 1 to Aug 31). Of the 7,000 products sold at Ikea, nearly 1,000 are priced under Rs 200, ensuring that even those with tighter budgets can find something to purchase, she added. „We have nearly 300 million visitations (online and offline). And 30% business comes from online and it is also our fastest growing channel,'' she added

Subscribe to enjoy similar stories. Wouldn’t it be ironic if the 2025 Trump trade was an anti-Trump trade, buying stocks in the places President Trump targets? This year Canadian, Colombian, Mexican, European and Chinese technology stocks are all outpacing the S&P 500, the dollar is down and the Magnificent Seven big tech companies—five of whose CEOs stood behind the president at his inauguration—have stopped leading the U.S. market up and turned into laggards.

Subscribe to enjoy similar stories. Kritika D., 25, started a “skincare detox" five months ago. This was around the time she got her lip fillers dissolved after watching Reels about international celebrities favouring the “natural look".

MUMBAI: The Securities and Exchange Board of India (Sebi) is set to shake up the mutual fund space with a bold new category—specialized investment funds (SIFs). 

Subscribe to enjoy similar stories. MUMBAI : India has emerged as the biggest opportunity for Coursera Inc.’s enterprise business, making it one of the two fastest-growing markets for the global upskilling giant, alongside West Asia, for the vertical, according to a top company executive. The company’s enterprise segment, which caters to businesses, universities, and governments, is experiencing significant traction in India, Karine Allouche, vice-president and general manager of enterprise business at Coursera, told Mint.