UPS Financial News

₹10 crore from the SSE of the National Stock Exchange (NSE), with Screwvala calling the process of reaching out to donors the “equivalent of a book-building exercise". In an interaction with Mint, Screwvala said that while the listing process was not simple, the disclosures were necessary to maintain credibility. Wary of the complexity, only about a dozen NGOs have listed and raised money from SSEs so far.

Adani Group's promoters are looking to sell shares worth ₹30,000 crore ($3.6 billion) over the next nine months as they look to rebalance their portfolio in listed companies that's currently worth about $126 billion. The promoters will pare stakes in some listed firms while increasing them in others, according to people with knowledge of the matter. The final aim of this rebalancing exercise is to hold 64-68% stake across firms. The stake sale will begin with Ambuja Cement and Adani Power while the holding will be increased in Adani Green Energy.

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

₹54,721 crore in FY25, about 9% higher than ₹50,118 crore target in FY24. About ₹45,000 crore is expected to come from the auction of commercial mines.

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Pro Kabaddi League (PKL) franchises are expecting double-digit growth in sponsorship revenue from season 11 of the tournament that tentatively kicks off in October. The franchises cite PKL's consistent audience growth and low entry barrier in terms of cost compared to the Indian Premier League as evidence of its effectiveness in brand building. PKL's TV reach has jumped to 245 million in season 10, up from 222 million in season 9 and 189 million in season 8. JSW Group-owned Haryana Steelers' CEO Divyanshi Singh said the franchise is anticipating 12-15% growth in sponsorship revenue in season 11 compared with season 10.

Kellogg Co, is struggling with low sales growth and profit in India, a market that prefers traditional or savoury breakfast compared to its ready-to-eat cornflakes and muesli alternatives. For FY24, the American food company reported one of its slowest sales growth in a decade at 4% to ₹1,610 crore, with a net profit decline of 19% to ₹97 crore, as per its filing with the Registrar of Companies. A year ago, it had sales of ₹1,554 crore with net profit of ₹119 crore. Last week, chocolate maker Mars agreed to buy Kellanova for nearly $36 billion. «Cornflakes is on a decline as a category and for Kellogg, the segment accounts for the bulk of the sales. While the company has been driving sales of other products such as oats and muesli, competition is intense in these segments,» said an industry executive, who did not wish to be named. In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet.

heist to read a book about Greek mythology, a would-be Rome burglar wishes he had learned this lesson sooner. The 38-year-old robber entered a flat in the Prati neighbourhood of the city after scaling the balcony, but he was sidetracked by a book. He continued pouring over the anthology on the terrace after that. According to local media, the burglar stayed there for so long that the homeowner, 71, woke up and found him flipping through the pages. The thief attempted to flee by sliding down the same balcony. However, he was soon arrested after being obstructed by his neighbours. Also Read :How does the $40 million Bayesian yacht that sunk off Italian coast look from the inside? Here are details

BIMSTEC Summit scheduled in Bangkok on September 4 owing to “technical issues” over formation of the cabinet. The decision to postpone the Summit was taken on Thursday as all preparations were ongoing till Wednesday. PM Narendra Modi in the light of the current circumstances will not travel to Bangkok. He was also scheduled to undertake a bilateral visit to Thailand on September 3. Modi is, however, expected to go ahead with the bilateral visit to Singapore on September 5, it has been learnt. Earlier he had plans to fly to Singapore from Bangkok. Ahead of Singapore visit, Ministerial delegations of the two countries will meet to firm up agenda to boost strategic partnership and the visit.

For all the attention being paid to Federal Reserve Chair Jerome Powell's policy speech Friday, the chances of it containing any startling news seem remote.

One lucky meme coin trader watched his investment of $999.91 Sun Wukong ($SUNWUKONG) balloon into unrealized returns of about $750,000, according to a tweet by blockchain intelligence company Arkham Intel.

electric vehicle manufacturing. The remaining 24 applications are in process. The approvals on Wednesday are likely to help the companies partially offset losses they are incurring in manufacturing EVs due to low volumes currently. Among the companies, Bajaj Auto is the sole automaker to get approvals for all the 13 applications filed for its electric scooter Chetak and three-wheelers. Mahindra & Mahindra got approvals for 16 out of 23 applications, Tata Motors 15 out of 27, Ola Electric four out of five, TVS Motor two out of five, and Eicher which applied for one didn't get an approval, according to an internal document showing the DVA (domestic value addition) application status.

This article explores the best Boat earphones and headphones available, highlighting their key features, pros, and cons to help you find the perfect audio companion for your lifestyle. Discover the top picks that deliver both style and substance.

Uddhav Thackeray, who leads his own faction of the Uddhav Balasaheb Thackeray Sena, has asked Congress and Nationalist Congress Party Sharadchandra Pawar that the Chief Minister's face be decided among the allies prior to the assembly elections, even if the name is not publicly announced. Uddhav Thackeray has communicated this to the Congress and NCP leaderships. Thackeray is attempting to push the two parties to either select a candidate for the Chief Minister's job or simply accept his name for the position by continually bringing it up in meetings with them and reiterating it publicly. «I don't want our experience with the BJP to be repeated. We had been together for 25-30 years, and we agreed that the party with the most seats would become Chief Minister.

The price of Avalanche’s native $AVAX token is pumping today compared to market leaders Bitcoin ($BTC) and Ethereum ($ETH).

Adani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) through the insolvency resolution process. The company has admitted liabilities of Rs 15, 633 crore. Gautam Adani promoted listed power company had proposed to pay Rs 4,101 crore to acquire it through the bankruptcy process. “Successful acquisition and implementation of the resolution plan for acquisition of LAPL will advance APL's (Adani Power) position as India’s leading private sector power producer, with a combined operational power generation capacity of 15,850 MW,” said Adani Power in its stock exchange filing on Thursday.

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TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program.

LONDON — British technology entrepreneur Mike Lynch has been found dead in the wreckage of his superyacht, which sank off the coast of Sicily earlier this week. He was 59 years old.

The price of XRP has risen by 0.5% in the past 24 hours, climbing to $0.602 while the crypto market posts a 2% gain today.