UPS Financial News

Subscribe to enjoy similar stories. India’s banking regulator has asked digital payments facilitator the National Payments Corporation of India (NPCI) to look into rising complaints of erroneous UPI Autopay debits, three people aware of the matter told Mint. Users of the Unified Payments Interface—a real-time instant payment system developed by the NPCI—began reporting involuntary autopay mandates and an inability to cancel such recurring payments towards the end of 2025.

Subscribe to enjoy similar stories. Sarvam AI, the IIT Madras-incubated artificial intelligence startup that launched three foundational models on Wednesday, will seek commercial success with a ChatGPT-like application, which it plans to launch soon. This application, Sarvam cofounder Vivek Raghavan told Mint in an interview, is part of the company’s long-term monetization efforts as it looks to start generating revenue.

Subscribe to enjoy similar stories. The GIFT City regulator has started asking inactive companies to voluntarily surrender their licences if they do not intend to start a business, according to three people in the know, as India seeks to ensure the international finance hub is not reduced to a paper address. “Entities that remain inactive have been asked about their plans and, where there is no clear intent to operate, they may be persuaded to voluntarily surrender the license," said an official, one of the three people quoted earlier, on the condition of anonymity.

Subscribe to enjoy similar stories. Bengaluru/New Delhi: Tata Consultancy Services Ltd (TCS) and Infosys Ltd’s partnerships with OpenAI and Anthropic could prove a win-win for India’s under-pressure technology sector and the fast-growing artificial intelligence (AI) firms. The tie-ups echo earlier strategic pivots that powered expansion in enterprise software two decades ago and cloud services a decade later.

Vedanta Ltd is in a race against time to shore up production levels at its oil and gas business that has declined each of the past 10 years.Higher production levels could bolster the business's financials, helping it fend for itself when it is housed in an independent company named Vedanta Oil & Gas Ltd.Over the past decade, ageing oil blocks have more than halved production at Vedanta’s oil and gas vertical from 211 thousand barrels of oil equivalent per day (kboepd) in FY15 to 103.2 kboepd in FY25. During the first nine months of FY26, average output stood at 89.1 kboepd—below the 95-100 kboepd guidance given by the company at the beginning of the year.To be sure, falling production at ageing blocks is a problem endemic to the oil and gas sector, with peers like Reliance Industries and Oil and Natural Gas Corp.

Subscribe to enjoy similar stories. It isn’t just you. The market is weird.

Subscribe to enjoy similar stories. New Delhi: A few years back, a fertilizer manufacturer from India carried out an internal survey of farmers in the 40+ age group. A stark finding was that most farmers felt they were not going to bequeath a worthy asset, the plot of land on which they farm, to the next generation.

Subscribe to enjoy similar stories. Weighed down by continued outflows—amounting to a record $18.9 billion in 2025—the ownership of foreign portfolio investors (FPIs) in companies listed on the National Stock Exchange (NSE) shrank to a 15.5-year low of 16.7% in the quarter ended December, according to data from the exchange. Within key indices, the share of FPIs in the Nifty 50 fell by 25 basis points (bps) quarter-on-quarter (q-o-q) to a more than 13-year low of 23.8%, while remaining broadly stable at 18.1% in the Nifty 500.

Subscribe to enjoy similar stories. The dollar is in decline, and investors have to learn to live with it. The past 12 months were tough for the greenback.

Subscribe to enjoy similar stories. On November 30TH President Donald Trump said he had decided whom to nominate as the next chair of the Federal Reserve. He has since said he will reveal his choice early next year.

Subscribe to enjoy similar stories. Financial advisor Douglas Boneparth chuckled when he saw the sharp selloff last week in wealth management stocks over concerns about tax planning updates to an artificial intelligence tool from fintech Altruist. Boneparth, who has been using Altruist’s AI-powered Hazel platform for several months, says the market was finally waking up to something he has been experiencing firsthand: AI is beginning to transform the wealth management industry.

Subscribe to enjoy similar stories. The golden age of unbridled spending on AI software might be behind us, as vendors say it’s a lot harder to make a sale than it used to be. Last year represented something of a boon era for vendors pedaling AI apps.

Subscribe to enjoy similar stories. New Delhi/Mumbai: In December 2024, industrialist Sajjan Jindal declared that steelmaker JSW would soon have its own automobile brand. “Our idea is not to be an outpost of a Chinese company to sell products in India," Jindal told the Financial Times.

Subscribe to enjoy similar stories. Toby Rice made his fortune unlocking a gusher of natural gas in Appalachia. He has a bold new ambition: bringing energy to millions of people in impoverished nations.

Subscribe to enjoy similar stories. The Syrian government is moving to close a detention camp that held tens of thousands of people including family members of suspected Islamic State fighters, after unrest threatened its grip on the facility just weeks after taking it over. Responsibility for the al-Hol detention camp changed hands in January, when the Syrian government launched an offensive that routed the U.S.-backed, Kurdish-led militia that had controlled it along with much of northeastern Syria.

Subscribe to enjoy similar stories. The language of diplomats is polite. That is especially true for those who speak Arabic, a tongue inclined towards courtesies and honorifics.

Subscribe to enjoy similar stories. MUMBAI : The business of smelling good is now booming in India, thanks to men. Sales of premium and luxury perfumes are rising steadily, with men emerging as the biggest growth drivers in the category, according to industry executives and data shared with Mint.

Subscribe to enjoy similar stories. Ever wanted to buy an outfit or accessory the minute you saw it on a streaming show? Such impulse purchases are now possible thanks to Shop the Look, an interactive e-commerce feature that lets you buy those items directly while watching a show. JioHotstar has launched an in-stream feature that allows viewers to explore and purchase what’s called on-screen looks in real time without interrupting playback or leaving the app.

Subscribe to enjoy similar stories. The trade deal being negotiated with the US is set to benefit India’s agriculture exports, the same way trade liberalization in the last 25 years has helped Indian farm exports grow faster than global agricultural trade, Ramesh Chand, member, Niti Aayog has said in an interview. Chand told Mint that the India-US deal is set to help meet rising domestic demand for items like edible oils and nuts that cannot be met entirely locally, while also opening up market for India’s surplus farm produce including rice.

Subscribe to enjoy similar stories. The volatility in the stock market can be your best friend. The swinging markets offer a plethora of great long-term opportunities.

Subscribe to enjoy similar stories. Global data centre capacity will more than double to 219 gigawatts (GW) by 2030, from 82 GW in 2025, as per global consulting firm McKinsey's estimates. Of this, 156 GW alone will come from artificial intelligence (AI)-related workloads.