UPS Financial News

Waaree Energies on Thursday reported a 296% year-on-year growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 493 crore versus Rs 124 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 3,457 crore, up by 117% over Rs 1,596 in the corresponding quarter of the previous financial year.

asset reconstruction companies (ARCs) is set to jump for the second straight year on the back of better show in infrastructure sector and other factors, a report said on Thursday. The cumulative recovery rate of security receipts (SRs) is likely to jump by up to 15 percentage points per annum, touching 75-80 per cent by FY26, the report by domestic rating agency Crisil said.

Amit Shah on Thursday alleged that AAP supremo Arvind Kejriwal accused the BJP of poisoning Yamuna as he sensed his party's imminent defeat in the assembly polls because he allowed the river to get polluted and forced people of Delhi to drink its water. Addressing a public meeting in Rohini Assembly constituency, Shah alleged corruption in use of money meant for cleaning Yamuna river during the AAP's rule, as he exhorted people to dislodge the Kejriwal-led party from power in Delhi.

Kansas City Chiefs prepare to face off against the Philadelphia Eagles on February 9 in New Orleans, fans will see “Super Bowl LIX” emblazoned across banners, tickets, and broadcasts. But why does the NFL insist on using Roman numerals instead of simply calling it "Super Bowl 59"? The answer lies in a decades-old tradition that gives the championship game a timeless, almost regal feel—except for one rare exception.

Subscribe to enjoy similar stories. Chennai: As finance minister Nirmala Sitharaman dots the I’s and crosses the t’s of her speech she will deliver on 1 February, when she presents a record eighth consecutive budget, her biggest concern will be whether the proposals can dispel the clouds hanging over India, the world’s fastest-growing large economy. After the covid-19 pandemic, India experienced a scorching pace of growth for three years—on an average, the economy expanded by more than 8%.

In her new role, Lamb will sit within the client office and will head up the marketing of funds in the asset management arm, the charities proposition, Greenbank and other services for the intermediary market. Based in London, Lamb will report to Iain Clark, head of marketing and client strategy for the firm. Lamb most recently held the role of demand generation director at BNY, where she was responsible for the strategy and execution of all paid media. Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise She also worked as a marketing consultant at BNY, leading t...

(Bloomberg) — Canada is planning to set up a center to accommodate migrants from the US crossing the northern border into Quebec as the Trump administration pushes ahead with an immigration crackdown.

J.M. Smucker Co. chief executive Mark Smucker leaned on close advisers when he made the decision to bolster the jelly and coffee company through a US$5.6-billion acquisition in 2023 of Hostess Brands Inc., an equally well-known name in food, and they came from a seemingly unusual place: a Canadian bank.

Bharti Airtel’s Africa business reported an over 11-fold on-year jump in net profit to $169 million in the fiscal third quarter, on the back of a $94 million exceptional gain triggered by appreciation in key African currencies and a sharp fall in net finance costs.

The rupee ended at 86.xxxx, down from its close at 86.54 in the previous session. The currency hovered between 86.57-86.6250 band on the day.

Vodafone has achieved a groundbreaking milestone by making the world’s first video call via satellite using a regular smartphone. The call was placed from a remote location in the Welsh mountains, where there was no network signal, to the company’s CEO, Margherita Della Valle. This innovation marks a major step toward universal digital connectivity, with Vodafone planning to roll out the technology across Europe later this year and in 2026.

Subscribe to enjoy similar stories. Colombia’s run-in with Donald Trump is a warning to other countries trying to decipher the US president’s haphazard decision-making process. As Asian nations realize that Trump’s second term could be even more erratic than his first, China is ready to take advantage of the chaos.

Mumbai Metropolitan Region Transport Authority (MMRTA) approved the fare hike on January 23, citing rising vehicle prices, consumer index, and loan interest rates.

Eknath Shinde.

Poonam Pandey recently visited the Maha Kumbh Mela in Prayagraj, where she participated in the sacred Amrit Snan on January 29. On the auspicious occasion of Mauni Amavasya, she joined millions of devotees in the holy waters, embracing the deep-rooted traditions of the world’s largest religious gathering.Taking to Instagram, she mentioned how after taking the holy bath, all her sins have been washed away.

The revenue from operations stood at Rs 3,355.25 for the third quarter of the fiscal year 2025, up from Rs 3,255.06 crore, reported in the year-ago period.

cyber-farting.' The woman, Rhiannon Evans, was ordered to pay nearly £300 after admitting to sending videos of herself passing gas to her boyfriend’s ex-partner. The court also sentenced Evans to a 12-month community order along with a two-year restraining order. Additionally, she must attend 15 rehabilitation sessions and observe a 60-day alcohol abstinence period. The incident occurred over the Christmas and New Year period, starting on December 22nd and continuing through January 1st. Evans sent multiple videos to Deborah Prytherech.

Rohit Agarwal, Executive Vice-President, Kotak Mahindra, says it is anticipated that within the next five to ten years, the manufacturing sector will contribute approximately 18 to 20 percent to GDP. Agarwal believes the government will continue to allocate a substantial budget for capital expenditures, along with incentives and standard operating procedures (SOPs) aimed at the manufacturing industry. This focus will be reflected in the Budget, as the government is committed to enhancing India's self-sufficiency in various products that are currently imported. Within manufacturing, EMS has been a huge success story but within it, it is time to move from mobile PLI success to other stories. To start with that success will come more from the semiconductor value chain. One should be overweight on semiconductors followed by renewable energy and defence. Agarwal believes Trump’s protectionist policy will have no impact on the PLI theme as these manufacturers are aimed more for India market to replace imported items What should one watch out for in this year’s Union Budget when you talk about manufacturing because that is where most of the government’s focus has been and it has reaped quite a lot of benefit when you talk about the way it has helped boost the GDP growth as well. Rohit Agarwal: The focus of this government has been on manufacturing through the Budget document and also apart from the Budget document, they have been taking various measures.

5G infrastructure, increased mobile data usage and greater fixed broadband play – is gearing up for the next wave of growth. The sector’s adjusted gross revenue (AGR) grew 8.2% y-o-y in FY24, while for the quarter ending Sep-24, it grew 13.1% y-o-y. Throughout 2024, the Government of India has adopted progressive measures to help improve telecom operators’ financials. Now is the time to take it a notch further and accelerate the superlative transformation of the sector.

Donald Trump has offered federal workers the option to resign and receive pay for eight months. In an email, the administration has asked almost all government employees to decide by 6 February whether they want to be part of a «deferred resignation» programme that will mean them leaving their jobs no later than the end of September.

Subscribe to enjoy similar stories. TVS Motor Company Ltd stock rose 9.7% after its Q3FY25 results, as margin hit record high of 11.9% in the quarter, mainly driven by lower commodity prices. Profitability is set to improve further as TVS expects to receive benefits from the government’s production-linked incentive (PLI) scheme from Q4FY25 onwards, which has led to earnings-per-share upgrades by some brokerages.