UPS Financial News

Subscribe to enjoy similar stories. New Delhi: It is “critical" for the G20 to address emerging challenges of trade and tariff wars, India’s sherpa Amitabh Kant said, amid increasing threats by US President Donald Trump to hike tariffs against India and other members of the grouping of major global economies. In an interview, the former bureaucrat said G20 should also address the potential adverse effects of artificial intelligence by suggesting a regulatory framework.

Subscribe to enjoy similar stories. Cement is fundamental to infrastructure development and plays a crucial role in a country's economic progress, with its demand closely linked to the growth of the nation. In India, this demand is driven by government investment in infrastructure projects like roads, railways, and housing.

Kash Patel, President Donald Trump's pick to lead the FBI, will encounter deeply skeptical questioning from Democratic senators Thursday about his loyalty to the president and stated desire to overhaul the bureau as he faces a high-stakes hearing that will help determine his path toward confirmation. Patel, a Trump loyalist who has railed against the FBI over its investigations into the president and claimed that Jan 6 rioters were mistreated by the Justice Department, was picked in November to replace Christopher Wray, who led the nation's premier federal law enforcement agency for more than seven years.

Wall Street Journal reports that securing a professional role in the U.S. has become so difficult that Harvard Business School acknowledges its graduates can no longer rely solely on the university’s reputation.

Ashwini Vaishnaw has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant, likening its frugal approach to his government's efforts to build a localized AI model.

India Budget: In the Union Budget 2024, Finance Minister Nirmala Sitharaman categorised India’s key beneficiaries into four broad groups — youth, farmers, women and the poor. These “castes” (as she described them in her speech), Sitharaman said, would shape the government’s policy direction, driving welfare and development initiatives.

Hamas has handed captive Israeli soldier Agam Berger over to the Red Cross in the Gaza Strip.

The Authors Guild has set up an online portal for members to certify that their books “emanated from the human intellect” and not from artificial intelligence

An upstate New York food bank was offered more than 40,000 pounds of coho salmon — a bountiful feast

Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability

An aircraft developed by Boom Supersonic has become the first independently funded jet to break the sound barrier

Adani Ports and Special Economic Zone (APSEZ) on Thursday reported a 14% year-on-year (YoY) growth in its December quarter consolidated net profit at Rs 2,520 crore versus Rs 2,208 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 7,964 crore which was up by 15% over Rs 6,920 in the corresponding quarter of the previous financial year.

Tata Steel’s growth will not come at the cost of debt but will instead be a balance between the company’s internal accruals and deleveraging, chief financial officer Koushik Chatterjee said, even as the steelmaker projected a six-month delay in achieving breakeven in its UK operations.

Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.

Subscribe to enjoy similar stories. Piramal Pharma Ltd, which has a strong presence in the inhaled anaesthetic generics segment in the US and emerging markets, plans to expand its pipeline of injectables to drive growth, chairperson Nandini Piramal told Mint in an interview. The company launched Chlorpromazine Hydrochloride, an injectable used to treat psychiatric disorders, in the US on 22 January.

Subscribe to enjoy similar stories. As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25.

Egg prices in the United States continue to crack under pressure while in Canada they remain relatively stable — and even late-night TV is taking notice.On The Late Show with Stephen Colbert Tuesday night, the host couldn’t resist a jab at the price gap, joking that while Americans face egg rations, Canadians are “yolking it up” with their cheaper cartons.“F— it, I’m with Trump — let’s bomb Saskatchewan,” Colbert joked.But behind the joke is a serious issue driving up costs in the U.S. — a relentless outbreak of bird flu that is devastating poultry farms, forcing farmers to kill millions of chickens and sending egg prices soaring.The average cost of a dozen large eggs was USD$4.15 in December, according to the Bureau of Labor Statistics.

The NSE Nifty index was trading 83.75 points up at 23246.85, while BSE Sensex was up 173.21 points at 76706.17 at the time of writing this report.

Sakthi Sugars Ltd.(up 1.41%), Avadh Sugar & Energy Ltd.(up 1.28%), Bannari Amman Sugars Ltd.(up 1.21%), Ponni Sugars(Erode)Ltd.(up 1.05%), KCP Sugar & Industries Corporation Ltd.(up 0.94%), Bajaj Hindusthan Sugar Ltd.(up 0.81%), EID Parry(India)Ltd.(up 0.59%), Rajshree Sugars & Chemicals Ltd.(up 0.59%), Rana Sugars Ltd.(up 0.52%) and Kothari Sugars & Chemicals Ltd.(up 0.41%) were among the top gainers.