UPS Financial News

Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says they prefer banks over NBFCs, and among banks, private banks over public ones. This is because public sector banks are heading towards a situation where their loan growth will match their deposit growth. The market hasn't fully accounted for it yet. This is why he prefers large private banks over public sector banks. Gundlapalle further says for the first six months, the main driving factor for the banking sector will be asset quality. So, while it does not get worse, the pain could last for a couple of more quarters. Over 12- to 18-months, liquidity will be the biggest driver for the various banks. If liquidity improves, the ones which are starved for liquidity, like Axis and HDFC will do a lot better. If it remains tight, the ones with more buffers will chug along. But for the overall sector to do well, liquidity improving will become the key. Let us first start off with what is happening within private banks and what do you think the pecking order is looking like right now because there has been quite a bit of rotation of late. Pranav Gundlapalle: The way we are seeing it is a reversal of the tightening moves that RBI used over the last 12 to 18 months.

U.S. stock indexes drifted to a mixed finish after climbing in the morning but then running out of momentum

Arindam Paul, a graduate of NIT Surat and IIM Indore, has experienced firsthand how appearances lead to assumptions in India. Despite his professional achievements, people often stereotype him based on his looks. From being mistaken for a gym trainer in his residential society to being asked about stag entry rules outside a pub, these incidents have become a recurring theme in his life, he said in a post.

MK Stalin on Thursday strongly opposed the three-language policy in Tamil Nadu, saying that the push for a «monolithic Hindi identity» is what 'killed' the "ancient mother tongues".

cryptocurrency market faced renewed volatility, Robert Kiyosaki, the author of Rich Dad Poor Dad, took to X (formerly Twitter) to reaffirm his bullish stance on Bitcoin, calling the price decline an opportunity to buy more. Reacting to Bitcoin’s drop, Kiyosaki posted a strong statement, arguing that the problem isn’t Bitcoin itself, but the global monetary system and traditional banking institutions.

Nikkei share average edged up on Thursday, rebounding from its declines in previous sessions, but gains were limited as chip company Advantest fell despite a strong growth forecast by its client Nvidia. The Nikkei was up 0.15% at 38,198.96 by the midday break, while the broader Topix rose 0.49% to 2,729.63.

Subscribe to enjoy similar stories. For Pfizer Inc., the strategy has been “go big, or go home". When the covid-19 pandemic first hit, Pfizer’s big bet on its partnership with BioNTech SE hit a home run.

Tata Power shares will be in focus on Thursday after the company signed an MoU with the Assam government at Advantage Assam 2.0 to develop up to 5,000 MW of renewable energy projects in the state. The initiative, which includes solar, wind, hydro, and energy storage projects, involves an estimated investment of Rs 30,000 crore over the next five years. As part of this collaboration, the Assam Government will facilitate the identification and allocation of approximately 20,000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for solar, wind, hydro, and energy storage projects.

KPI Green Energy shares will be in focus on Thursday after its parent company, KP Group, signed an MoU with the New and Renewable Energy Department, Government of Madhya Pradesh to develop 1.8 GW of renewable energy projects in the state. «We are delighted to inform that KP Group has inked a Memorandum of Understanding with the New and Renewable Energy Department, Government of Madhya Pradesh at the Global Summit – 2025 held in Bhopal on February 24, 2025, for setting up of various solar/wind/hybrid/BESS/Biomass based projects aggregating to 1.8 GW in the state of Madhya Pradesh,» the company said in an exchange filing.

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which power artificial intelligence systems continued to grow.

Gold prices edged higher on Thursday as concerns persisted over U.S. President Donald Trump's tariff plans, while investors awaited a key inflation report to assess the Federal Reserve's policy path.

Nvidia, whose positive outlook could set the tone for the artificial intelligence sector. Stocks lost ground in afternoon trading, with investors digesting the latest comments from U.S. President Donald Trump on tariffs.

Subscribe to enjoy similar stories. Amid the deportation of illegal immigrants from the US, President Donald Trump has come up with a ‘gold card’ visa plan that will give immigrants a US green card with an eventual pathway to citizenship. To get this card, one must cough up $5 million, a kind of gateway fee to access the American dream.

Subscribe to enjoy similar stories. The battered Cyient Ltd stock is struggling to regain its footing after weak December quarter (Q3FY25) results, an abrupt CEO resignation, and a sharp cut in FY25 guidance sent shares into a tailspin. On 24 January, the stock had plunged 23% as earnings downgrades poured in and concerns over leadership uncertainty deepened.

IndiGo, Bharti Airtel, Wipro, SpiceJet, UltraTech Cement, Coforge, Bharat Electronics among others will be in focus due to various news developments. IndiGo IndiGo said it is facing a fine of nearly Rs 14 lakh in relation to input tax credit and is evaluating necessary legal recourse.

Subscribe to enjoy similar stories. The Reserve Bank of India’s decision to ease rules on bank loans to non-banking financial companies (NBFCs) has been driven by a slowdown in credit flow to these entities, which have been facing a funding crunch amid systemic liquidity deficit and rising asset quality stress in small-ticket and microfinance loans, analysts said. On Tuesday, the central bank reversed the increase in risk weight - or the capital that banks must set aside for every loan to cover for potential loss - on loans to NBFCs, in a move that's expected to make it easier for banks to boost on-lending, which has been constrained by higher capital requirements.

Subscribe to enjoy similar stories. New Delhi: The Indian government may consider issuing 50-year on-tap bonds in the next fiscal (FY26), in a bid to encourage insurance companies to subscribe and better manage their business, two people familiar with the matter said.

Subscribe to enjoy similar stories. India’s stock markets witnessed a mixed ride on 25 February, the previous trading session before today. The S&P BSE Sensex managed to break its five-day losing streak, closing 147.71 points, or 0.20%, higher at 74,602.12 points.

Subscribe to enjoy similar stories. Mumbai: Top private colleges and universities are snapping up seasoned executives and professors with global pedigrees in a race to ascend rankings and attract funding, heralding a new era of competitive internationalization.

HD Hyundai Heavy Industries (HHI) is looking to set up a shipyard in India and has already made a visit this month to scout for potential sites, people aware of the developments told ET.