UPS Financial News

Steel pipes maker JTL Industries Ltd on Wednesday announced increasing its annual manufacturing capacity to 2 lakh tonnes as part of its around Rs 350-crore expansion plan. With this addition, its cumulative pipe manufacturing capacity has reached a level of 6.86 lakh tonne per annum, the company said in an exchange filing. In a filing on Wednesday, JTL Industries said, «It announces successful expansion of its Raipur facility's capacity from 1,00,000 metric tonnes per annum (MTPA) (1 lakh tonne) to 200,000 MTPA». The company is aiming to complete its expansion plan of 4 lakh tonnes by the financial year 2026-27, taking its overall capacity to 10 lakh tonnes per annum, a company official had told PTI earlier.

Prudent Corporate Advisory Services reported a 51% year-on-year (YoY) increase in revenue from operations, reaching Rs 286 crore for quarter ended September 2024, driven by a 53% rise in quarterly average AUM in mutual funds and a 36% growth in non-mutual fund revenue. Operating profit rose 59% YoY to Rs 68.7 crore, while profit after tax jumped 69% YoY to Rs 51.5 crore, buoyed by operational gains and higher treasury income. The company’s SIP book grew by 47% YoY in September, reaching Rs 874 crore, with a 3.6% market share in SIP flows.

Subscribe to enjoy similar stories. Starbucks is stepping up efforts to enforce its return-to-office mandate with a warning: Comply with the policy or risk termination. The company will be instituting an “accountability process" in January to ensure corporate employees comply with requirements to work in the office three days a week, according to an internal message obtained by The Wall Street Journal.

Subscribe to enjoy similar stories. KKR and Energy Capital Partners have agreed to invest a combined $50 billion in data-center and power-generation projects to support the development of artificial intelligence. The investment is a bet on AI’s huge energy needs and the mounting stress it is putting on the U.S.

outsourcing of staff and exam centres, holding maximum entrance exams online and capping the number of attempts in major entrances are among the measures being contemplated by a high-level panel set up by the Centre to review functioning of National Testing Agency (NTA). The Centre had on October 21 sought two weeks time from the Supreme Court to submit the final report of the panel led by former ISRO chief R Radhakrishnan. «The report is almost ready. Several recommendations are being made to streamline the functioning of NTA and the conduct of major entrance exams in the country,» a source said. Among the recommendations that the panel is likely to make are reducing offline exams or opting for hybrid exams where switching to online mode completely is not feasible; capping the number of attempts in major exams including medical entrance NEET and reducing the role of outsourced staff and centres to ensure sanctity of exams is not affected.

buffer onion arrived via rail at Delhi's Kishanganj railway station, as part of its multi-pronged strategy to control prices. This marks the second major rail delivery after 1,600 tonne reached Delhi on October 20 through 'Kanda Express', an official statement said. The shipment, procured by NAFED under the price stabilization fund, will primarily be released through Azadpur Mandi, with a portion earmarked for retail sale at Rs 35 per kg. Retail prices of onion are ruling at Rs 60-80 per kg in the national capital depending upon the quality and locality.

Global markets are mostly lower after a rally in technology stocks propelled the Nasdaq composite to a record high

Shoppers looking to buy a luxury SUV can choose among many models from various brands

GE Power India Ltd.(up 5.00%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 4.96%), Jyoti Structures Ltd.(up 4.96%), Voltamp Transformers Ltd.(up 4.70%), Indowind Energy Ltd.(up 4.68%), RattanIndia Power Ltd.(up 4.00%), India Power Corporation Ltd.(up 3.26%), Inox Wind Ltd.(up 3.26%) and Gujarat Industries Power Company Ltd.(up 3.25%) stood among the top gainers.

Subscribe to enjoy similar stories. As India-China ties thaw, logistics and supply chain management company Transport Corporation of India has zeroed in on buying two cargo ships from China for $38 million ( ₹320 crore) to bolster its operations, especially along the domestic coastline. The company ordered two new cellular container vessels, which are typically designed for transporting containers, of about 7,300 deadweight tonnes (DWT) each from Chinese shipyards.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Parag Milk Foods Ltd.(up 4.32%), Gillette India Ltd.(up 3.78%), Marico Ltd.(up 3.50%), Vadilal Industries Ltd.(up 3.39%), Tata Consumer Products Ltd.(up 3.09%), Emami Ltd.(up 2.73%), Hindustan Foods Ltd.(up 2.64%), Heritage Foods Ltd.(up 2.32%) and Umang Dairies Ltd.(up 2.31%) stood among the top gainers.

Datawrkz, a subsidiary of listed gaming and media firm Nazara Technologies, on Wednesday said it has fully acquired UK-based growth marketing agency Space & Time. The deal was valued at around Rs 52.3 crore, it said in an exchange filing. The company said acquiring Space & Time will help in expanding across Europe and North America and boosting its growth in the global digital advertising market. It will also boost Datawrkz’s revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) through cross-selling of products and services, it said.

Kamala Harris signs disappearing from her Springfield, Missouri, front yard, Laura McCaskill taped a tracking device to one to see where it might end up. That led her to a blue Kia sedan in a nearby town, where a young man admitted he had stolen her sign, along with dozens of others, according to a video shot by McCaskill. «Um, yeah, so if you want them back they're right there,» he said as he stood next to a trunk filled with Harris signs. As the Nov. 5 election between Harris and Republican Donald Trump draws near, people across the U.S. are reporting a rash of yard-sign thefts — and turning to a range of remedies to stop them, from surveillance cameras and GPS trackers to low-tech solutions like glitter and hot peppers to deter would-be thieves.

Benchmark NSE Nifty closed 126.0 points down at 24340.85 amid selling in frontline bluechip counters.

Subscribe to enjoy similar stories. Google might be the largest company in the world whose fate seems completely out of its hands these days, but the $2 trillion internet giant still has a few cards it can play. Some of them were on display in the third-quarter report from Alphabet, the parent company, late Tuesday.

Subscribe to enjoy similar stories. It is easy to think of humans as existing separately from nature. But the greatest threats to humanity come from crises affecting nature, not least climate change, biodiversity loss and rampant pollution.

Subscribe to enjoy similar stories. Tensions between SpaceX and its federal regulators have spilled into public view. The Federal Aviation Administration is seeking $633,009 in civil fines, alleging that the company neglected necessary paperwork for two 2023 launches.

Subscribe to enjoy similar stories. MUMBAI : Bharti Airtel Ltd has done well on one count in the September quarter (Q2FY25), but fell short on another. First, the good news.

Hygiene and Health Care Ltd on Wednesday reported a marginal 0.57 per cent rise in profit after tax at Rs 211.90 crore for the first quarter ended September 2024. The company, which follows the July-June financial year, had reported a profit after tax of Rs 210.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations of Procter & Gamble Hygiene and Health Care Ltd (PGHH) marginally fell by 0.28 per cent to Rs 1,135.16 crore during the quarter under review. It was Rs 1,138.35 crore a year ago. «The volume growth in the industry continues to be muted. The company witnessed growth in the feminine care category and continued to make progress on improving the structural profitability of the business in the quarter,» said an earnings statement from PGHH.

US presidential election heads for a photo finish, Democratic nominee Kamala Harris, the daughter of Indian and Jamaican immigrants, has been counting on groundswell of support from the Indian-American community in most of the pivotal battleground states. For a sizable number of Indian Americans, Vice President Harris's race to the White House is a momentous occasion as it is propelling the community into a notable force in the American political discourse. «It is a matter of pride that a leader of Indian-descent is fighting the US presidential election,» said Dr Vasudev Patel, general secretary of the Federation of Indian-American Association of Georgia. Georgia is one of the seven key battleground states and Patel says the Indian-American community could play a significant role in swinging the election in Harris's favour.