UPS Financial News

HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. «HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme,» the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after commissioning of the first ring of network, the filing said.

Hindalco Industries will spend $4 — $5 billion on capital expenditure over a period of three years to expand its upstream facilities for aluminium and copper, the company said on Monday. These include an aluminium smelter, alumina refinery, a copper smelter and a copper recycling plant, managing director Satish Pai said on a call post the earnings. The metal flagship company of the Aditya Birla group announced its earnings for the September quarter late on Monday, and its consolidated net profit jumped 78% on year to ₹3,909 crore helped by strong traction in its India business.

Nirmala Sitharaman has such a soft spot for Leftists. At an interaction with students at CMS Business School in Bengaluru, the finmin credited 'Leftists' for coming up with the 'concept of patriarchy'.

microalgae and bacteria. This approach not only offers a sustainable solution but also drastically cuts down on energy consumption compared to traditional wastewater treatment methods. The research, supported by the Department of Science & Technology – Fund for Improvement of S&T Infrastructure (DST-FIST) program, has been published in the prestigious Chemical Engineering Journal.

At the U.N. climate talks, U.S. Climate Adviser John Podesta said that Trump will likely pull America out of the landmark Paris Agreement and try to roll back many of the Biden Administration’s signature climate moves, including the 2022 Inflation Redu...

global warming, saying Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January. The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned Trump's victory in U.S. presidential elections on Nov. 5 would hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world's biggest historic greenhouse gas emitter, from international climate cooperation and maximise the country's already record-high fossil fuel production.

Nirmala Sitharaman on Monday said the Asian Infrastructure Investment Bank (AIIB) should strive for greater provision of innovative financial models and scale up efforts for private capital mobilisation. The minister in her meeting with the AIIB delegation, comprising 11 officials of the Board of Directors of AIIB and senior representatives and staff, said India could act as a sandbox for AIIB's piloting of innovative financing models and technologies. Sitharaman, who is also Governor on the AIIB Board, stated that the multilateral institution should broaden its investment in priority sectors of climate adaptation and resilience, infrastructure development, energy security, urban development and extend support for India's next generation reforms, an official statement said. She also stressed upon the importance of continually incorporating finance plus and budget plus elements in AIIB's project design and implementation.

Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after bitcoin surged to record highs, on optimism U.S. President-elect Donald Trump would implement a more favorable regulatory framework.

After a series of devastating betrayals and conflicts, the once lowly Oz has successfully managed to establish himself as the city’s preeminent crime boss. However, the series ends with a foreboding sense of what lies ahead for him, as a new and menacing figure looms on the horizon: Robert Pattinson’s Batman, as mentioned in a report by Decider.

Subscribe to enjoy similar stories. New Delhi: The Union government is likely to release ₹50,000 crore to ₹70,000 crore to states as part of its ‘special assistance for capital investment’ scheme in the three months to December (Q3, FY25), to be used for ramping up capital expenditure, two people aware of the matter said.

Nava Ltd on Monday announced that it would consider splitting the stock from a face value of Rs 2 per share in its upcoming board meeting, which is due to be held on November 14. “In continuation to our letter (vide ref.no. NAVA/SECTL/335/2024-25) dated November 04, 2024 under Regulation 29 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors at its meeting scheduled to be held on Thursday, November 14, 2024, will also consider the proposal of alteration in share capital of the Company by sub-division/ split of existing equity shares having face value of Rs. 2/- each, fully paid up, subject to approval of the shareholders of the Company,” said the company in a filing tot he exchange.

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said all expenses of individuals seeking financial aid for treatment for serious illnesses will be covered so they can get care at top hospitals. He attended a 'Janata Darshan' programme in Gorakhpur today. Before departing for the Jharkhand Assembly election campaign in Mirzapur, he met around 150 people at the programme organised at the Gorakhpur Temple, an official statement said. Adityanath instructed officials to expedite the process of issuing Ayushman cards to those who don't have it and require financial assistance, it said.

quarter of FY 25. The revenues of the company went down by 10 per cent to Rs 627 crore in Q2FY25 as compared to Rs 696 crore in Q2FY24. The net profit of the company, however, went up by 16 per cent to 61 crore in Q2 FY25 from 53 crore in FY24. Rajesh Aggarwal, managing director of the company said «During the quarter, we observed firming up of raw material prices although excessive and continued rainfall resulted in lower pest infestation. The farmers delayed their spraying schedule, which adversely impacted revenue growth for the Company. The monsoon has been marking India's Wettest monsoon in four years, with rainfall exceeding 100% of the long-term average, increasing sowing for Kharif crop and a promising outlook for Rabi season.»

Jennifer Lopez and Ben Affleck, one of the powerhouse couple of Hollywood are headed for a divorce. The couple has been grabbing the headlines ever since. Now, amid rumours of tension following their split, they are once again back in the spotlight. As per reports, the diva has been allegedly losing sleep over her soon-to-be-ex’s recent lifestyle choices, which has further sparked speculation about their relationship. According to The News, Jennifer Lopez is not quite happy about the Batman actor’s lifestyle choices. Adding to the mix is Affleck’s growing bond with David and Victoria Beckham, which seems to be a sore point for Lopez. InTouch Weekly reported that Lopez isn’t thrilled with Affleck’s new closeness to the Beckhams, especially now that they are spending more time together in Miami.

Subscribe to enjoy similar stories. With President-elect Donald Trump preparing to take office, business technology leaders say they are bracing for immediate and long-term impacts from policies he will likely institute. That is in areas including tariffs, regulating artificial intelligence and mergers and acquisitions.

Subscribe to enjoy similar stories. When streaming-video customers want a break from their subscriptions, they are increasingly saying goodbye for now, not forever. As subscription prices rise and streaming-centric home entertainment becomes the norm, families are establishing their own hierarchies of always-on services versus those that come and go with seasons of hit shows or sports.

Subscribe to enjoy similar stories. Mumbai: When Swiggy Ltd lists on the stock exchanges on Wednesday, it will mark the culmination of a short journey for Sriharsha Majety, the company’s co-founder. Majety, who began his startup journey a little over a decade ago by launching a logistics platform, quickly grew bored and shut that business.

Subscribe to enjoy similar stories. The first race I ever ran was the half marathon at the Standard Chartered Mumbai Marathon in 2009. I have been running ever since.

The Labor Department issues its October report on consumer prices on Wednesday, The Walt Disney Co. releases its latest quarterly financial results before the bell on Thursday followed by the Labor Department's latest report on weekly unemployment bene...

Benchmark NSE Nifty closed 6.91 points up at 24141.3 amid selling in frontline bluechip counters.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sujala Trading(20.00%), PPAP Automotive (20.00%), Pix Trans(19.99%), VCU Data Mgmt(19.97%) and Devki Leasing(18.42%).