UPS Financial News

high-demand areas like Mumbai and Pune. Additionally, an out-of-series VIP number can now cost up to Rs 18 lakh in major cities, equivalent to the price of a mid-segment car. The fee revision will apply from August 30, following a draft notification issued on September 16, 2022, and is the first update since April 20, 2013. For four-wheelers, the fee for '0001' will rise from Rs 3 lakh to Rs 5 lakh. In high-demand areas such as Mumbai, Pune, Thane, and Nashik, the fee increases to Rs 6 lakh from Rs 4 lakh. For two and three-wheelers, the cost will double from Rs 50,000 to Rs 1 lakh. If the '0001' number is unavailable in the current series, an out-of-series number will cost Rs 15 lakh for four-wheelers and Rs 3 lakh for two- and three-wheelers. The notification states, «The revised 'three-time basic fees' will be Rs 15 lakh for four-wheelers and more-wheeled vehicles and Rs 3 lakh for two- and three-wheelers if the number '0001' is unavailable in the current series for that particular type of vehicle and if it needs to be given from another series as per the rules.»

Taipei [Taiwan], September 2 (ANI): Taiwan's Ministry of National Defence (MND) has said that 18 Chinese military aircraft, eight naval vessels and two official ships were detected operating around Taiwan from 6 am (local time) on Sunday to 6 am (local time) on Monday. Among them, 15 of the People's Liberation Army's (PLA) aircraft crossed the median line of the Taiwan Strait and entered Taiwan's northern, southwestern, and eastern Air Defence Identification Zone (ADIZ). In response to Chinese incursions, Taiwan mobilised its aircraft and naval vessels while deploying coastal-based missile systems to closely monitor the situation and deter any potential threats.

Taiwan President Lai Ching-te said in an interview with Taiwanese media. China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. Taiwan's government rejects those claims, saying only the island's people can decide their future. Speaking in an interview with a Taiwanese television station broadcast late on Sunday, Lai, who China calls a «separatist», brought up the 1858 Treaty of Aigun in which China signed over a vast tract of land in what is now Russia's far east to the Russian empire, forming much of the present day border along the Amur River.

«They are still at about 20 times FY26 earnings at the index level. So, I would not call it that this valuation is so far stretched that there are no opportunities. At the same time, are the valuations at a level that you can say with a lot of certainty that anything you buy will make you money? I do not think we are there also,» says Abhay Agarwal, Piper Serica. Given the fact that we are hitting fresh record high now on the markets once again, do you believe that the market valuations is now looking a bit stretched or do you think that it is not that expensive yet? Abhay Agarwal: If we look at by traditional standards, the valuations are definitely on the higher side. I do not think the valuations or the index, when we look at valuation, we typically talk about the valuation of the Nifty Index stocks, the 50 stocks. So, they are not in the exorbitant range yet.

Stinger missiles to boost its defence capabilities amid growing concerns about China's military activities. The Army and Navy each ordered 250 Stinger missiles in 2019 and 2015, respectively. However, Taiwanese forces urgently require more effective countermeasures and deterrence, prompting the Army to order 1,985 more Stinger missiles from the US for approximately NT$55.54 billion,Taiwan News reported, citing Liberty Times. The Army will procure 549 launch systems and 549 identification, friend or foe (IFF) systems. The missiles are expected to be delivered by 2031, according to the MND's 2025 budget report.

Almost everybody has faced some financial crisis in life. Some of these crises may have been caused by external events, so the individual can’t be held responsible. Others are quite clearly self goals in one’s investment journey. The point is, did your financial crisis turn you into a better investor? Have you ensured that your finances never face such a crisis again? Wise men say that even if you lose, don’t lose the lesson. ET Wealth reached out to industry experts and financial advisers to know what they learnt from the financial upheavals in their lives. The experts everyone looks up to for their financial wisdom and prudent planning have also grappled with the same mistakes that many of us make. They have also faced the same uncertainties, the same doubts and, yes, the same losses.

short seller and the Indian market regulator, a completely different controversy is brewing. It involves the country’s second-most-valuable bank, and its plan to swallow up its securities affiliate. Some shareholders of the brokerage firm, upset over the terms of the buyout, want to know how the Securities and Exchange Board of India allowed the delisting of ICICI Securities Ltd., waiving the regulator’s own rules for compensating minority investors. A company-law tribunal in Mumbai quashed their challenge on Aug. 21 and allowed the deal to proceed. But that isn’t the end of the matter. There is a separate class-action suit before another tribunal in New Delhi. This dispute is also being heard by a higher court in Mumbai, the country’s commercial capital. The Indian regulator is battling bigger trouble elsewhere. In an Aug. 10 note, Hindenburg Research drew attention to SEBI chief Madhabi Puri Buch’s past personal investments, and her ownership of a consulting outfit, to question the watchdog’s objectivity in probing the Adani Group, the target of the short seller’s original January 2023 report. The infrastructure conglomerate, which suffered a $150 billion drop in its market value in the aftermath of the publication, has strenuously denied the short seller’s claims of stock-price manipulation. The group’s shares have recouped most of their losses. Buch described the allegation of potential conflict as “character assassination” and said that she made all the appropriate disclosures and recusals.

«Although the market has been on a steady upward trend, momentum has been somewhat lacking, largely due to the underperformance of major banking stocks, which carry substantial weight in the benchmark. And, if we see improved participation from the banking sector, Nifty could break past the 25,500 mark and move toward a new milestone of 26,000,» said Ajit Mishra – SVP, Research, Religare Broking.

₹1.92 crore on NDX P2P Pvt Ltd, also referred to as LiquiLoans, for non-compliance with some provisions of the P2P and digital lending norms. On the same day, the regulator also slapped a fine of ₹1.99 crore on Innofin Solutions Pvt Ltd, also known as LenDen Club, for the same reasons. Experts said that while the digital lending opportunity is huge, it has of late faced regulatory hurdles, leading to slowdown.

Over 2.3 million central government employees are expected to be delighted by the recently announced Unified Pension Scheme (UPS), which, for 25 years of service or more, offers an assured pension of half an employee’s average basic pay over the last 12 months before retirement. “The UPS is an attempt to improve the existing National Pension System (NPS)," in the words of finance minister Nirmala Sitharaman.

MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific CEO for the bank, tells Joel Rebello the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon. Edited excerpts: You doubled down on your investment in DMI Finance last week. What is the strategy for investments in India?

₹51,261.63 crore in FY24, primarily caters to food and FMCG customers in the western, central and northern India. "The group is planning to acquire a company from southern India engaged in the spices and ready-to-cook food business. Another company the group plans to take over is from eastern India.

₹5 lakh, up from the present limit of ₹2 lakh, under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the people said on the condition of anonymity. It is one of the largest life insurance programmes from the government, with more than 200 million subscribers. The plan also involves increasing the cover to ₹5 lakh from the current ₹2 lakh under Pradhan Mantri Suraksha Bima Yojana (PMSBY) in case of death or disability caused by accident.

₹835 crore at the upper end of its ₹370-389 price band. This would value Style Baazar at ₹2,900 crore, and it also intends to expand its footprint beyond its current geographical concentration in the eastern region. Could Style Baazar be the next fashion force to dominate the national stage? Style Baazar has demonstrated impressive financial growth in recent years.

Mutual funds plan to request the Securities and Exchange Board of India to relax maturity norms for additional tier-1 bonds to encourage fund houses to invest in these relatively high-yielding debt instruments that banks issue to shore up equity capital. «The Securities and Exchange Board of India (Sebi) has provided some leeway when it comes to the valuation norms for AT-1 bonds but the maturity requirement of 100 years for such instruments continues to be a hurdle for mutual fund investments. Talks have been ongoing between mutual funds and the regulator and a committee from the Association of Mutual Funds in India (AMFI) will suggest bringing down the maturity from 100 years to closer to the call option,» a source aware of the developments said.

Burman family of Dabur and promoters of Jubilant Group, the Bhartias, are separately closing in on a 40% stake in Hindustan Coca-Cola Beverages (HCCB) for Rs 10,800-12,000 crore ($1.3-1.4 billion), said executives aware of the development. This values Coca-Cola India’s wholly owned bottling subsidiary at Rs 27,000-30,000 crore ($3.21-3.61 billion). The two sides submitted bids over the weekend, said the people cited.

youth employability, promoting healthy lifestyles and reducing carbon emissions are key measures for India to «power a billion dreams», prominent business leaders from the consumer sectors said on Saturday. At a panel discussion on 'The India opportunity: Empowering a billion dreams', moderated by Kaushika Madhavan, Asia Pacific leader at AT Kearney, leaders from diverse businesses spotlighted rapid growth in the world's fifth largest economy and stressed on the need for inclusive growth and development at a time when economic recovery is showing sharply divergent trends. «We have got to take India with us… India is a country of opportunities, a country of dreams… we need to have inclusive growth as a lot of India is poor,» said Raymond Ltd chairman and managing director Gautam Hari Singhania.

Bayer Leverkusen lost a Bundesliga game for the first time in 15 months when Lois Openda scored twice in a 3-2 comeback win for Leipzig on Saturday. Under coach Xabi Alonso, Leverkusen has made crucial late goals a speciality. It briefly seemed like that might happen again when the referee went to review a possible penalty in the 86th minute after Leipzig's Castello Lukeba and Leverkusen's Patrik Schick made contact. The referee decided against the spot kick and Leverkusen lost to a German opponent for the first time since May 2023 after 35 Bundesliga games unbeaten, including its entire title-winning 2023-24 season. «It's hard, it's bitter,» Alonso told German broadcaster Sky. «I don't think we deserved to lose today.»

₹1,000 cheaper than its Redmi counterpart, while packing the same specs.Inside the Poco Pad 5G's yellow and black box, you will find the device itself, a SIM ejector tool, some paperwork, a 33W USB adapter and a Type C cable. The tablet doesn't come with a pre-installed screen protector (plastic or otherwise), and I'd strongly recommend getting one before you start using it on a daily basis.On the design front, the Poco Pad 5G has two coin-shaped cutouts on the back, one for the 8MP camera sensor and the other for the flash.

Leclerc won the Italian Grand Prix on Sunday to delight Ferrari's massed ranks of fans as Lando Norris again chipped away at struggling champion Max Verstappen's lead in the Formula One drivers' standings. Monegasque Leclerc claimed victory at Monza for the second time after winning in 2019, holding off McLaren pair Oscar Piastri and Norris in a thrilling race in which Verstappen finished nearly 38 seconds off the pace in sixth. Huge roars engulfed the stands as Leclerc took the chequered flag for his second win over the season, after his own home Monaco GP, after holding out on a set of hard tyres he had changed during his one and only pit stop on the 16th lap.

Jannik Sinner avoided the fate of his top rivals, reaching the fourth round of the U.S. Open while fellow top seed Iga Swiatek gained momentum in her quest for a sixth Grand Slam title after a pep talk from Serena Williams on Saturday. With defending champion Novak Djokovic forced out by a shock loss to Alexei Popyrin in the third round on Friday and another title contender, Carlos Alcaraz, sent crashing by Botic van de Zandschulp in round two a day earlier, all eyes were on Sinner. The Italian, who has managed the intense scrutiny following a doping controversy in the build-up to the tournament, thumped Christopher O'Connell 6-1 6-4 6-2 to underline his credentials as the outright favourite at the year's final major.