UPS Financial News

BJP Rajya Sabha MP Phangnon Konyak on Thursday criticised Leader of Opposition Rahul Gandhi, stating, «He came close… I did not like it and he started shouting. Whatever happened today is very sad, this should not happen. We did not like the way they threatened… I have also complained to the Chairman.» A face-off between the opposition and NDA MPs in Parliament premises over the alleged insult to B R Ambedkar left former minister Pratap Chandra Sarangi injured earlier today. The BJP accused Rahul Gandhi of pushing the senior member, a charge rejected by the Congress leader. Trouble began when the INDIA bloc members insisted on entering Parliament through the BJP MPs holding a protest instead of using the space left empty on one side of the staircase of the Makar Dwar, used by members to enter and exit the building.

Guideline Geo to set up a world-class Centre in India for geophysical exploration with state-of-the-art instruments services, and applications to support the industrial and startup ecosystem. With increasing worldwide development, the demand for minerals is rising. In this context, “ninerals” can refer to different rock types and sediments but more likely commodities such as gold, copper, iron, etc. Mineral exploration can be challenging, with large areas to cover, sometimes in very rough terrain, and complicated geological structures hiding the minerals we want to mine. This means that the chosen investigation technique should be able to address these issues. This can only be achieved by accelerating the advanced practices in geophysical exploration techniques, offering a non-destructive and cost-efficient way of gaining a better understanding of the sub-surface conditions.

Subscribe to enjoy similar stories. Investors shuddered on Wednesday after Chair Jerome Powell suggested the Federal Reserve was ready to take a break from cutting rates—and that the total quantity of reductions might be shallower than previously thought. Powell has described recent rate reductions as an effort to recalibrate borrowing costs to a more “neutral" setting.

Subscribe to enjoy similar stories. The foreign-exchange market is a devilishly difficult place to turn a profit. Massive and closely watched, edges are impossible to maintain.

Subscribe to enjoy similar stories. Despite a dull first half of FY25 (H1FY25), shareholders of Coromandel International are brimming with optimism. The fertiliser firm’s stock hit a new 52-week high of ₹1,882 on Wednesday, taking its returns so far this calendar year to 45%.

Hemang Jani, Independent Market Expert, says realty stocks have run up quite a lot. Once there is a bit of a lull in terms of the new project launches or the sales that they are doing, the market could react a bit negatively because it is a high beta sector. So, for momentum play, quarterly numbers play, Jani would be positive on Lodha and DLF, but he is not comfortable buying them from an investment perspective. Jani also says he would stay away from Tata Motors and if he has to bet, he would go with M&M which looks to be a much better, cleaner bet at this point of time. This has been a year of consolidation for the cement sector. At the end of 2024, there are fewer players than there were at the start of 2024. But the issue is that a lot of other segments also have not played well with the cement sector, especially on the pricing front. Hemang Jani: The sector has been going through a slowdown and despite the consolidation with two major players commanding about 75-80% of the capacity, when you look at the operating performance it has not been the best that one can really expect, but there is a sense that following a pickup in infra and the government spending and the rural side recovery, we might see good growth coming back.

Air India on Thursday placed an order for 34 trainer aircraft as it prepares to start training of cadet pilots at South Asia’s largest Flying Training Organisation (FTO) coming up in Amravati, Maharashtra by the second half of 2025, post regulatory approvals. The order includes 31 single-engine aircraft from Piper Aircraft in the United States and 3 twin-engine aircraft from Diamond Aircraft in Austria. ALSO READ: Air India announces special discounts & benefits for students; check details

Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore. Nomura purchased 3 crore shares of the company on the NSE at a price of Rs 108.32 apiece, according to data available on the exchange website.

Subscribe to enjoy similar stories. For more than two years, Russia’s expanding war economy fueled consumer spending and juiced company profits. But latterly, the conflict has pumped up inflation and interest rates, pummeling bottom lines and leaving a trail of disgruntled Russian oligarchs and executives in its wake.

Subscribe to enjoy similar stories. The Indian textile industry plays a pivotal role in the nation’s economy. The sector contributes 2.3% to India’s GDP and generates 10.5% of export revenue, according to India Brand Equity Foundation.

Diageo is rolling out multiple initiatives to drive diversity and inclusion in India, says Caroline Rhodes, global HR director — learning and inclusion at the London-headquartered alcohol beverages company. On a recent visit to India, she talked to ET’s Brinda Sarkar about Diageo’s outlook towards inclusion and diversity, employee well-being and how critical India is in the context of global operations. Edited Excerpts: What are your growth plans for India? India is such a critical part of our business. We’re at about 1,400-odd corporate employees (in India), and an equal or so number in our manufacturing units across the country. Our product portfolio here is interesting because it’s not just the Diageo products we sell including Johnnie Walker, Tanqueray, Gordon’s, and Baileys, but also a large part of the United Spirits portfolio that we inherited. McDowell’s is the largest selling whiskey in the world, and with Royal Challenge there is the affiliation to the RCB men’s and women’s cricket teams.

Genesis and have resolved a $16 million dispute. Under the settlement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of Rs 100 per share. The agreement will result in a significant saving for the airline as it navigates a path toward long-term growth.

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending

Virginia Gov. Glenn Youngkin proposed a state budget plan on Wednesday that would permanently give tax relief on tips and cars, measures that his Republican administration has said would give money back to middle- and lower-income workers

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Global battery maker CATL says it will expand its electric vehicle battery swapping in China in 2025

A grand jury in Washington has returned an indictment against former Congressman David Rivera for failing to register as a foreign agent of a sanctioned Venezuelan media tycoon on whose behalf the Miami Republican allegedly lobbied the Trump administra...

A friend of brothers who are prominent in luxury real estate in Florida and New York and are charged with sex trafficking and assault has surrendered to face an allegation that he helped two of them rape a woman nearly a decade ago

U.S. stocks sank to their second-worst loss of the year after the Federal Reserve signaled that it may deliver fewer interest rates cuts in 2025 than earlier thought

For more than a decade, farmers in parts of southwest Georgia haven’t been able to drill new irrigation wells to the Floridian aquifer

The hip-hop mogul is currently detained at Metropolitan Detention Center in Brooklyn which is often described as 'hell on earth'. According to reports, Combs altered appearance during a court appearance on Wednesday for a pretrial hearing left attendees stunned. The once-glamorous hip-hop icon said to look visibly thinner, with dramatically grayer hair, prompting speculation that months behind bars have taken their toll.