UPS Financial News
08.01 / 08:01
markets
UPS
Citi
Strategy
Trade
Updates
Why Titan’s lab-grown diamond bet looks carefully crafted
Titan Co. Ltd’s shares are up around 6% in the past two trading sessions, hitting an all-time high of ₹4,312.10 apiece on Wednesday, mostly led by the solid growth in its jewellery business, as per its December quarter (Q3FY26) update.It also held a conference call to lay out the initial roadmap for lab-grown diamond (LGD) studded jewellery under the brand name of ‘beYon’.
08.01 / 08:01
COST
UPS
FIVE
Gap
security
Courts
rights
Budget 2026: Centre weighs debt recovery framework overhaul for swift recoveries
Insolvency and Bankruptcy Code (IBC), 2016, for insolvency resolution—work in tandem rather than at cross-purposes, while also seeking to harmonize debt recovery rules with other laws, the people added.“The annual financial statement may classify special situation funds (SSFs), a new class of alternative investment funds (AIFs), as financial institutions (FIs) for debt resolution, and give banks greater autonomy by removing the clause that requires borrowers’ approval to withdraw debt recovery proceedings,” the first of the two persons said.Additionally, the government may change the rules of the SARFAESI Act—Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act—to prevent the redemption of securities by borrowers once creditors have finalized the sale, the first person added.Redemption of securities has been a major contributor to the rising volume of litigation in DRTs. As of late 2025, around 178,000 cases were pending before 39 functional DRTs and five Debt Recovery Appellate Tribunals (DRATs) across the country.
08.01 / 03:11
markets
UPS
Updates
Trump administration draws up new legal justification for Maduro operation
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
08.01 / 03:11
markets
COST
UPS
track
cover
reports
travelers
Railway finances: Why small fare hikes won’t put Indian Railways on track to a brighter future
The recent decision of Indian Railways (IR) to raise fares on all classes of travel, other than suburban rail, season passes and short-distance second-class ordinary, reflects a dilemma that has long dogged IR and underpinned its fare decisions: Should IR be run as a commercial enterprise, albeit state-owned, or as a departmental undertaking with social objectives placed above profit?Historically, all governments, both before and after India’s 1991 embrace of market principles, have veered towards the latter view. Sadly, political calls have shaped almost everything about IR, including track expansion, stops along routes and, of course, train fares. Fare revisions have always had a populist angle.
08.01 / 00:57
markets
UPS
IPO
FIVE
Strategy
band
Updates
Steel over power: Is BCCL’s new strategy worth a bet for investors?
Coal India Ltd’s (CIL's) key subsidiary Bharat Coking Coal Ltd (BCCL) is set to launch the first mainboard initial public offering (IPO) of 2026, marking an important step in the government-owned miner’s long-planned monetization strategy.BCCL, incorporated in 1972, is India’s largest producer of coking coal and plays a strategic role in CIL’s portfolio. The company has an estimated 7.91 billion tonnes of reserves as of 1 April 2024, making it one of the country’s biggest holders of coking coal resources.
08.01 / 00:57
markets
UPS
Provident
security
reports
Courts
Updates
Contested penalties: Why toothless Trai fails to curb spam, improve quality
India’s telecom regulator has ramped up penalties on operators, but its crusade to improve service quality, compliance and contain spam is stalling. Hamstrung by limited powers and litigation, 97% of these fines have gone unpaid.The Telecom Regulatory Authority of India (Trai) imposed penalties worth ₹45 crore in the fiscal ended March 2025 (FY25), according to data flagged by the Comptroller and Auditor General’s (CAG's) audit of the regulator’s financial statements.
08.01 / 00:57
UPS
Target
wellness
performer
track
Updates
A massive tax shortfall and slower growth loom, but the Centre's budget math still works
The budget is around the corner, and the government is staring at a massive tax shortfall. To make matters worse, nominal GDP growth is likely to be slower than anticipated in 2025-26.However, neither of these two will put the government in an uncomfortable position, as non-tax revenues have exceeded expectations, and the fiscal deficit calculation will benefit from statistical revisions.The government’s tax collections have grown only 3.3% in April-November, sharply lower than the 10.8% growth aimed for in the budget.
08.01 / 00:57
markets
UPS
Digital
wellness
Bill
trends
Updates
Insurance year-ender: After an eventful 2025, insurance looks for stability in the year ahead
Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]: After a slew of big insurance reforms since the end of 2024, India's insurance sector is hoping for an uneventful year ahead that would give industry participants time to adapt to the policy changes, and get back on the growth track.The past year saw the impact of the policy surrender value norms introduced in 2024-end.
07.01 / 17:07
markets
UPS
Citi
IPO
Platform
Trade
reports
IGX eyes December listing, lines up expansion
New Delhi: Indian Gas Exchange (IGX) plans to launch its initial public offering by the end of 2026, according to its top executive.The IPO would largely be an offer for sale (OFS) for 22% stake by promoter Indian Energy Exchange Ltd, managing director and chief executive officer (CEO) Rajesh Mediratta told reporters on Wednesday. “The merchant bankers are yet to be appointed for the sale process.”IEX currently holds 47% and NSE owns 26% of IGX, while other minority shareholders include GAIL India Ltd, Oil and Natural Gas Corp.
07.01 / 17:07
UPS
security
Labrador
country
reports
Updates
Tata Steel trials Canadian iron ore to hedge against future shortages
₹183.75 apiece on the BSE on Wednesday.Tata Steel, through its Canadian subsidiary, owns iron ore assets in the Labrador and Northern Quebec regions of the country. In FY225, Tata Steel had an iron ore production of 40.5 million tonnes in India, and 3 million tonnes in Canada.
07.01 / 14:11
COST
UPS
Target
Aware
awards
Highways
Govt targets small disputes choking highways with new resolution panel
₹20,000 crore that have slowed highway development in the country.The pre-conciliation committee, set up by the ministry of road transport and highways (MoRTH), will attempt to resolve disputes valued under ₹5 crore between highway contractors and government authorities before they snowball into prolonged legal battles, according to two government officials aware of the development.The development assumes significance given that these small-value disputes account for a fifth of the nearly ₹1 trillion legal claims in road and highway construction that the government has been party to over the past decade. Also, there are documented cases of sub- ₹1 crore road payment disputes where contractors had to wait for 6-7 years for resolution.
07.01 / 12:39
markets
UPS
Manufacturing
Strategy
Trade
Experts
show
What’s stressed, what still works—and where fund managers would invest ₹10 lakh
₹12 lakh, increasing disposable incomes at the hand of consumers.On the monetary policy front, the Reserve Bank of India (RBI) has delivered a massive 125 basis points (bps) reduction in interest rates over the past 12 months, which is expected to boost liquidity in the market through higher spending in rate-sensitive segments, such as banking, real estate and consumer durables.“Policy measures implemented during the year, including tax and interest rate reductions, are beginning to yield positive results, which are expected to translate into stronger earnings growth for domestic economy-oriented sectors in 2026,” Yogesh Patil, chief investment officer, equity, LIC Mutual Fund Asset Management (LIC MF), told Mint. The strength of India’s macroeconomic fundamentals, coupled with the expected benefits of recent policy moves, has made this optimism the near-consensus view on the Street.“We expect festive demand momentum in Q3 results to bring calm to the market as we enter 2026.
07.01 / 11:27
UPS
Mobile
Pool
Metro
Research
Experts
Features
Mint Explainer | Delhi may bring back app-based carpooling—why it was banned, and what’s changing now
pollution. At the heart of the dispute, experts say, was not private carpooling itself but the absence of a clear state-level framework governing commercial pooling features on ride-hailing platforms.While the government is keen to restart services as early as this month, carpooling will be classified as a non-commercial shared mobility option.
07.01 / 11:27
markets
UPS
film
Actor
blues
Updates
Allied Blenders leans on premium customers as mass consumption slows
: As tax hikes in major states and last year’s slowdown in middle-class consumption hurt mass alcohol brands that were the strength of the industry, Allied Blenders and Distilleries Ltd is homing in on premium customers.In March, the Mumbai-based distiller launched a premium and luxury spirits subsidiary, ABD Maestro, in partnership with Hindi film actor Ranveer Singh. The company is expecting to close FY26 with a revenue of ₹100 crore annualized run rate (ARR) and aims to double that in the next financial year, Alok Gupta, Allied Blenders’ managing director, told Mint in an interview.ABD Maestro is home to Allied Blenders’ premium brands, including small batch gin brands Zoya and Pumori, vodka brand Rangeela, and Yello, a whiskey the company launched just last month.“What we have been working on is to figure out what the forward consumption is, where the consumer is likely to go in the sipping and cocktails terrain,” Gupta said.
07.01 / 11:27
07.01 / 09:51
markets
UPS
Trade
President
reports
shock
Updates
Indian oil shares swing as Venezuela crisis raises fears of crude supply shocks
Shares of Indian oil companies have been volatile over the past three days, after the US removed the president of Venezuela through a military intervention over the weekend. While Indian state-run oil marketing companies (OMCs) Indian Oil Corp.
07.01 / 09:51
COST
UPS
Citizens
CEO
pop
Updates
Corporate NPS makes more sense than ever—if your employer offers it
retirement age defined by the organisation overrides the option of exit after completion of 15 years,” said Sumit Shukla, MD and CEO, Axis Pension Fund.The main hesitation towards NPS was the lock-in until 60 years of age and the minimum 40% annuity. “Now, both have been considerably eased.
07.01 / 08:07
UPS
Citi
BAY
Matrix
Features
Updates
Bandra Bay: Mumbai’s new waterfront micro-market set to challenge Worli’s luxury crown
₹12 crore and going beyond ₹15 crore. Its Bandra Bay project is a Maharashtra Housing and Area Development Authority (Mhada) society redevelopment venture.“What makes Bandra Bay truly distinctive is that it combines the aspirational legacy of Bandra with the openness of bay front living, a rare offering in a land-constrained city like Mumbai,” Hiranandani added.Adani Properties will launch its largest luxury project in the area, featuring sea-facing apartments that will be sold by invitation only in the initial phase.
07.01 / 06:35
markets
UPS
security
Research
trends
reports
Updates
Stock markets brace for pre-budget jitters. History suggests the fear may be fleeting
. While the fear gauge still hovers near 10, January is shaping up to be a month of heightened volatility, suggesting that market swings could intensify as budget day approaches. The Union budget is likely to be tabled on 1 February this year.Historically, the India Vix edges higher ahead of the Union budget as investors price in uncertainty around policy decisions and spending priorities.
07.01 / 01:53
markets
UPS
Manufacturing
wellness
trends
reports
Updates
Mint Quick Edit | India’s PMI dipped in December for both services and factories but that’s no cause for concern
The purchasing managers’ index (PMI) for Indian services in December released on Tuesday mirrors the trend in manufacturing, with the year ending on a note of moderation. The reading dipped to an 11-month low of 58.0 from 59.8 in November.
07.01 / 01:53
COST
UPS
Platform
social
information
reports
rights
How much does a gig worker really earn? It's complicated
On New Year’s Eve, India woke up to gig workers logging off en masse, turning a day of celebration into a flashpoint over wages, incentives and the true cost of app-based work.The strike finally failed to really take off, as many riders chose to work after Swiggy and Zomato rolled out special incentives. Zomato offered peak-hour payouts of ₹120– ₹150 per order and waived penalties for refusals and cancellations, enabling riders to earn up to ₹3,000 in a day, according to a letter reviewed by Mint.
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