UPS Financial News

New Delhi: India’s top two-wheeler makers are bracing for pressure on margins and demand, as a surge in commodity costs linked to the ongoing West Asia war coincides with the impending withdrawal of electric vehicle (EV) subsidies. The twin blow has led to concerns that the companies, including TVS Motor, Bajaj Auto and Hero MotoCorp, may be forced to raise prices, absorb cost pressures, or risk slowing adoption of EVs.Analysts and industry executives note that the removal of subsidies under the government's PM E-Drive scheme from April can lead to price hikes of up to ₹5,000 for electric two wheelers.

₹6,835 crore (about $735 million) from five foreign banks to fund its ₹91,000 crore semiconductor fabrication (fab) facility in Gujarat. The lenders have put conditions on ownership, branding and equity that reflect their reliance on the Tata Group’s credit profile and the tight financing terms shaping India’s chip manufacturing push, according to company filings and executives aware of the matter.The lenders have stipulated that the Tatas retain a 51% stake in TSML, the wholly owned subsidiary of the privately held Tata Electronics, and continue using the ‘Tata’ brand, according to documents filed with the ministry of corporate affairs.

Keki Mistry, for a period of 90 days. So, we have 90 days for the board to undertake the process of examining the regulatory requirements for a part-time chairman. It is possible that if Mr.

₹60,000 crore in revenue, or closer to ₹80,000 crore when the broader Indian ceramic industry is counted. India is the world’s second-largest tile manufacturer, behind China, and Morbi is the engine of that position.The industry’s growth has tracked India’s real estate expansion with unusual fidelity.

Mint.The development is significant for India’s pharmaceutical market, valued at $50 billion and largely dominated by allopathic medicines. By comparison, the homeopathy segment is worth around $847 million.A proposal from the Ayush ministry was discussed last month by the Drugs Technical Advisory Board (DTAB) of the Drug Controller General of India (DCGI) to promote homeopathy medicines across the country.

Mint explains what the ruling means for companies and investors.In 2012, Moryo Industries raised about ₹15.87 crore from investors through preferential allotment to non-promoters. In its notice to shareholders, the company had stated that the funds would be used for capital expenditure, including the acquisition of companies, funding long-term working capital requirements, marketing, and setting up of offices abroad.

₹5,000 each to 13.1 million women under its Kalaignar Magalir Urimai Thogai (women’s rights grant) scheme. It already pays ₹1,000 per month under the scheme introduced in 2023.Rival All India Anna Dravida Munnetra Kazhakam (AIADMK) led by Edappadi Palaniswami has countered it with a promise to double the monthly grant and also pay up to ₹10,000 per family.

, born as Robert Prevost in Chicago and known for most of his life as “Bob,” has had a quiet start to his pontificate. But with the world facing crisis after crisis, the first-ever American pope is stepping up his efforts at moral suasion in defense of a fading international order that the American president, among other leaders, is rapidly dismantling.The papacy has always been political.

From India doubling down on fertilizer imports from non-West Asia sources to the US Federal Reserve decision to pause rates, the leadership crisis at HDFC Bank and youth unemployment in India rising to a four-month high in February—here’s a compilation of this week’s news in numbers.After LPG, fertilizers are emerging as the next major pressure point for India as it navigates the fallout of the West Asia conflict. The government is looking to diversify sourcing by stepping up purchases from countries such as Indonesia, Belarus, Morocco and China, Mint reported.

Organised jewellery retailers are expanding into men’s and kids’ lines, a niche long dominated by digital-first brands, to unlock new growth beyond their women’s segment.Titan Company Ltd’s Mia by Tanishq, traditionally positioned as a women-focused brand, plans to introduce a dedicated range of men’s and kids' fashion jewellery as part of its category expansion this year.“We are seeing increasing demand for men’s and kids’ range, and that’s why you will see a dedicated category for these two sometime this year,” said Shyamala Ramanan, business head of Mia by Tanisq, in an interview with Mint, adding that customers are already walking into stores enquiring about such offerings.The move reflects a broader shift underway in India’s jewellery market. Brands are targeting men and kids to drive growth, fuelled by shifting tastes, new gifting trends, and a push to recruit younger, first-time buyers.The global men’s jewellery market was valued at $48.56 billion in 2024 and is expected to grow at a CAGR of 9.9% between 2025 and 2034, reflecting strong momentum worldwide, according to Polaris Market Research, a US-based market research firm.For Mia, the category will largely be built around 9–14 karat gold, positioning it as lightweight, design-led jewellery rather than investment-driven purchases.

Mumbai: As war roils the Persian Gulf and the global economy feels its shockwaves, just across the Arabian Sea in Mumbai sits Great Eastern Shipping Co. Ltd, one of the few winners of a conflict that nobody but a few wanted.India's largest private shipowner, with a fleet of 40 vessels, is benefiting as global ship chartering rates surge amid the war entering its fourth week on Saturday.

New Delhi: As the West Asia conflict drives crude prices above $100 a barrel, India has begun a calibrated pass-through of the shock—raising prices of select fuels while holding the line on retail petrol and diesel.State-run oil marketing companies (OMCs) have raised industrial diesel prices by around ₹22 per litre and premium petrol by about ₹2 per litre, according to industry sources. However, the prices of regular transport fuels and premium diesel have been kept unchanged.In Delhi, the price of premium petrol has been increased from ₹99.89 per litre to ₹101.89, and the price of industrial diesel, which is procured in bulk, has been increased to ₹109.59 per litre.Earlier this month, prices of domestic cooking gas were raised by about ₹60 and commercial LPG by about ₹115.Addressing the media on the developments in West Asia, Sujata Sharma, joint secretary in the ministry of petroleum and natural gas (MoPNG), said there has been no increase in prices of regular petrol and the hike is limited to premium variants, which account for just 3-4% of total demand.

State Bank of India has evacuated 64 employees from West Asia to Mumbai over the past few days as the country’s largest lender activated a business continuity plan in response to the escalating war in Iran.SBI obtained approvals from local regulators to temporarily manage its operations in three countries from India, two people aware of the matter said. Only minimal on-ground presence has been maintained in these locations to comply with regulatory requirements.“People have shifted to India after regulators permitted it.

Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter said.The company has appointed IIFL, Axis Capital, Nomura and ICICI Securities, the people said, adding that the draft papers are likely to be filed in May. “The issue will be largely to raise primary capital to fuel expansion plans,” one of the people cited above said on the condition of anonymity.Jupiter, IIFL, Axis, and ICICI did not respond to Mint’s requests for a comment till the time of publishing.

₹1,558 crore, a decline from FY25’s 15.4% growth to ₹1,874 crore.Exports have been a key drag this year amid tariff uncertainty. With 36% of FY25 revenue coming from overseas markets, the impact is material. In Q3FY26, export growth slipped to the low single digits.

Mint.This marks a shift from its first fund, when the firm largely stayed away from the sector due to concerns around balance sheets and asset quality. With credit cycles stabilizing after the post-pandemic stress, it now sees renewed opportunity across lending, wealth management and technology-led financial services.“We want to also now spend a lot more time on banking and financial services.

You might have heard that the conflict in the Strait of Hormuz is going to leave poor countries starving. That’s not quite right. The reality may be almost as serious, though—and China will be the victor.The theory stems from the importance of the Persian Gulf in the world’s fertilizer trade.

₹16,550 crore during the period due to channel destocking in Q3, while Ebitda fell a sharper 28% to ₹1,470 crore, hit by elevated copper and aluminium prices and higher other expenses.A recovery is expected in FY27, supported by price hikes of 2-9% across products and stronger revenue growth. Centrum Broking estimates earnings per share (EPS) growth of 40% and 23% for FY27 and FY28, respectively, while JM Financial Institutional Securities pegs growth at 31% and 13%.Revenue growth is expected to be driven by portfolio expansion, premiumisation and exports.

₹1,000–1,200 crore, three people familiar with the matter said.The firm is targeting a valuation between ₹5,000–7,000 crore for a listing and has appointed IIFL, Motilal Oswal and Axis Capital as advisors to help with the issue, the people added.“The listing, which is expected to happen in FY27, is largely dominated by an offer for sale by existing investors with a smaller primary component to raise fresh capital for expansion plans,” one of the people cited above said on the condition of anonymity.If it goes as planned, Rentomojo will join the growing list of startups such as PhonePe, Flipkart, Zepto, boAt, Shiprocket, Infra.Market, OfBusiness and Shadowfax that are looking to tap the public markets this year.However, rising tensions in West Asia have dampened investor sentiment and impacted valuations, prompting several companies, including PhonePe, to defer their listing plans.“The markets are uncertain and it’s difficult to see where the valuations will land,” a second person said.Mails sent to Rentomojo, IIFL, Motilal and Axis did not elicit a response till the time of publishing.Founded in 2014 by Geetansh Bamania and Ajay Nain, Rentomojo began with the aim to serve a new generation of urban Indian professionals who move cities frequently for work.The startup's subscription model allows customers to rent household essentials without committing to ownership—an offering increasingly relevant for professionals, especially those working in IT and BPO jobs.As it moves closer to an IPO, the company is increasing its focus on operational efficiency, customer trust, and scalable growth—key priorities as it transitions from a startup to a listed entity.Last year, Mint reported that the startup was looking to raise a fresh

Earlier this week, Bloomberg reported that Unilever plans to spin off its food business, after carving out its ice-cream unit into The Magnum Ice Cream Company, including India’s Kwality Walls. It continues to sell brands such as Hellmann’s, Kissan, Brooke Bond and Horlicks in India.“Looking ahead, our priorities are clear: more beauty and well-being and personal care,” Unilever CEO Fernando Fernandez said in July 2025.Later, the Financial Times reported that Unilever and Kraft Heinz held talks about a potential merger of their food businesses.While the future of these deals is uncertain, they reflect a broader global trend of major FMCG companies reducing their food portfolios—a contrast to India, where private capital is pouring into packaged foods.

CMS Info Systems operates in a sector undergoing significant consolidation, where weaker players are steadily exiting due to severe challenges accessing credit and liquidity. As a result, even a listed competitor (AGS Transact) had to cease operations due to liquidity problems.CMS stepped in to stabilise ATM networks for banks, reinforcing its position as a mission-critical partner rather than just a service provider.