UPS Financial News

Olympics athletes are stepping up their fight against advertisers indulging in unauthorised use of their name, image, or likeness for commercial purposes, following in the footsteps of their cricket counterparts. Sports marketing agencies Baseline Ventures and IOS Sports have issued legal notices to brands on behalf of PR Sreejesh and Manu Bhaker, respectively, for using their image or name in their marketing campaigns without prior permission of the athletes, or without having any official association with the international or Indian Olympic committees. Sreejesh was part of the Indian hockey team that won the bronze medal while Bhaker created history by winning two bronze medals, one alongside Sarabjot Singh, at the Paris Olympics that concluded on Sunday. «It's high time corporate firms understood the very basics of marketing and usage of IPs, especially firms that are already involved with sports. Our ask is very simple: pay and play,» Baseline Ventures managing director Tuhin Mishra said.

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IPE Plus Fund, finds itself in the crosshairs of Hindenburg Research, its New Delhi-born, Singapore-based, founder and chief investment officer (CIO) Anil Ahuja finds himself in the news yet again. Ahuja was among the first to make a private equity bet on the Adani Group, while he was at 3i Infrastructure, which he joined in 2005. In 2007, 3i made the first investment from its Indian infrastructure fund, paying $227 million (Rs897 crore at the time) for an undisclosed stake in Adani Power Ltd, then a fully-owned subsidiary of flagship Adani Enterprises Ltd. According to a TOI report, with the enterprise value of Adani Power pegged at Rs 10,850 crore, 3i's equity stake in Adani Power worked out to around 8%. This was 3i’s largest transaction in India since it started investing in the country in mid-2005. It held onto the stock for over seven years. When it sold a 2% block in the company in 2014, VC Circle calculated a 25-30% loss in pound sterling (40% in dollar terms) largely on account of sharp depreciation of the Indian currency. Ahuja left 3i in 2013 and joined IPE Plus Advisors in January 2014. Read More: Madhabi Buch made disclosures, investors should read Hindenburg disclaimer: Sebi

Allied Blenders & Distillers (ABD), which owns the Officer's Choice whisky brand, is in talks with vodka giant Russian Standard and Bangkok-based Thai Beverage (ThaiBev) to market and distribute their products in India, two executives privy to the development said. The talks, if fructify, will help ABD to widen its product portfolio from largely whisky to a host of spirit segments such as vodka and scotch, while the two global companies will get an entry into the world's biggest alcohol consuming country with a strong partner which has robust distribution and manufacturing capabilities, the executives said. ThaiBev's global portfolio through its arm International Beverage includes scotch brands Old Pulteney, Speyburn, Balblair, Reid vodka, Phraya rum and Source gin. The company is owned by Thai-Chinese billionaire businessman Charoen Sirivadhanabhakdi and is listed on the Singapore Stock Exchange. Russian Standard is the largest vodka brand, owned by billionaire Roustam Tariko.

Over the course of many weeks in July, thousands of locals hit the streets of Spain’s major tourist destinations saying they’ve had enough of tourists. The protests are the latest in an anti-tourist sentiment gripping much of Europe, with experts warning that they could have ripple effects all over the world.

Hindenburg report as a calculated move to destroy India's primary and secondary market by attacking the regulator's credibility through the dredging up of a non-issue. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), made the investments mentioned in the Hindenburg report before 2017 in a private capacity and these had been disclosed, according to people with knowledge of the matter. Early on Sunday, Buch said that these were «baseless allegations» and devoid of any truth, underscoring this point.

Avengers ride. Disney has revealed details about Avengers: Infinity Defense project which will feature Thanos, as per a Collider report. On the all-new Avengers: Infinity Defense ride, where guests will journey through legendary Marvel landscapes, battling the formidable King Thanos. This immersive experience promises heart-pounding excitement as you team up with your favorite heroes, navigating through stunningly recreated scenes straight out of the Marvel Universe.

monsoon sets in, a surge in demand for seasonal products within the respiratory, anti-infective, and anti-malarial therapeutic categories have been seen. According to market research firm Pharmatrack, the respiratory market was driven by anti-asthma and chronic obstructive pulmonary disease (COPD) products, along with cough and cold preparations. The market also witnessed close to 200% growth for Poractant Alfa usage (pulmonary surfactant) in July. Likewise, the entire anti-infective segment, encompassing anti-bacterial, anti-fungal, anti-viral, and anti-TB products, witnessed robust double-digit growth, potentially fuelled by the surge in respiratory infections, waterborne diseases, and skin infections.

Madhabi Buch. The party targeted the Modi government and the Adani group and asked the Supreme Court to take suo moto cognizance of the development and reiterated the demand for a Joint Parliamentary Committee into the entire issue of the pending Hindenburg allegations against the business conglomerate. Leader of the Opposition, Rahul Gandhi, said the integrity of Sebi has been gravely compromised by the allegations against its chairperson with the Hindenburg report and asked why the Sebi chief has not yet resigned and urged the apex court to take this up. «Honest investors across the country have pressing questions for the government. Why hasn't Sebi chairperson Madhabi Puri Buch resigned yet? If investors lose their hard-earned money, who will be held accountable — PM Modi, the Sebi chairperson, or Gautam Adani? In light of the new and very serious allegations that have surfaced, will the Supreme Court look into this matter suo moto once again? It is now abundantly clear why Prime Minister Modi is so afraid of a JPC probe and what it might reveal,» Gandhi said.

Indian real estate sector is witnessing a transformation driven by the integration of advanced technologies, particularly artificial intelligence-based project monitoring systems. The technology-supported innovative solutions ensure that projects, regardless of the developer's size, are monitored to meet institutional investor standards, opening new financing avenues for mid-sized developers. “Technology is playing a pivotal role in reshaping capital allocation in the Indian real estate sector. By reducing risks, enhancing transparency, and improving operational efficiency, these advancements are not only opening up new opportunities for mid-sized developers but also contributing to a healthier, more sustainable industry,” Dosti Realty chairman and managing director Deepak Goradia said.

Brazil plane crash, that killed all 62 people on the aircraft, has once again raised apprehensions over the safety of the flight journey. However, amidst all the despair, there is an incident which shows how hiccups can sometimes save one's life. Two travelers named Adriano Assis and Jose Felipe have revealed there mixed up pertaining to the airlines and they couldn't board the fateful flight, as per a report on New York Post. Ultimately, the goof-ups ensured that they didn't meet the tragic ending.

independent directors at India’s top blue-chip companies has more than doubled in five years, reflecting their increased responsibility, time commitment and effort. The median compensation for independent directors at Nifty-50 companies shot up 106% to Rs 87.4 lakh in FY24 from Rs 42.3 lakh in FY19, with a 25% pay jump in the last fiscal alone, showed an analysis of these companies shared with ET by specialised executive compensation advisory firm Exec-Rem Advisors. Experts said the pay is being driven up by companies wanting to ensure they get adequate time and attention from independent directors as their roles become increasingly complex and demanding, requiring them to navigate unforeseen challenges and crises, provide oversight on critical issues, deal with stricter regulatory requirements, ensure continuity, and influence inclusivity and innovation.

The United States is speeding up efforts to license and build a new generation of nuclear reactors to supply carbon-free electricity

Lonesome Day. Fifteen minutes on, they were playing my favourite Springsteen number No Surrender, and the energy in the stadium had gotten people in the rows in front of us on their feet, and soon everyone was standing and singing along with the E Street Band. Of course, once people in front of us were standing we also had to stand up in order to get a better view of the stage.

The Chinese government has filed a complaint with the World Trade Organization over European Union tariffs on electric vehicles made in China

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

Stocks that traded heavily or had substantial price changes on Friday: Trade Desk, Expedia rise; Capri Holdings, Five9 fall

The union that represents train engineers says Union Pacific is holding back on its promises to make their schedules more predictable

Colleges large and small in the U.S. are cutting programs and eliminating majors to make ends meet

Current and former Cash App users could be eligible for a hefty piece of a proposed class-action settlement from the popular online payment service

The U.S. Navy is struggling to build affordable warships needed to face expanding threats around the world