UPS Financial News

Why it’s recommended: Strong improvement in asset quality with declining GNPA and NNPA, credit growth supported by retail, MSME, and corporate demand, improving profitability driven by better net interest margins, reduced provisioning burden enhances earnings visibility, adequate capital position supported by government backing, and a beneficiary of PSU bank consolidation and scale advantages.Key metrics: P/E: 6.72 | 52-week high: ₹167.30 | Volume: ₹455.29 croreTechnical analysis: Cup-with-handle breakoutRisk factors: Higher exposure to stressed corporate and PSU-linked sectors, margin pressure risk if interest rates decline sharply, slower decision-making compared to private sector peers, asset quality may weaken during economic slowdown cycles, government ownership limits operational flexibility, competition from private banks, and fintech players remains intense.Buy: ₹165-168Target price: ₹188 in two to three monthsStop loss: ₹156Why it’s recommended: Strong domestic and international brand presence with diversified revenue streams, recovery in margin profile aided by softer raw material prices, focus on premium and value-added tyre segments improves profitability, consistent capacity expansion and product innovation initiatives, and improving balance sheet and steady operating cash flowsKey metrics: P/E: 40.90 | 52-week high: ₹540.50 | Volume: ₹101.01 croreTechnical analysis: 50-DMA reclaimRisk factors: Earnings are sensitive to volatility in rubber and crude-linked input costs, cyclical demand from auto and replacement markets can impact volumes, intense competition from domestic and global tyre manufacturers, currency fluctuations affect overseas operations and profitability, and a slowdown in the global or Indian

₹8,790 crore in FY25. Based on an average exchange rate of ₹84.57 to a dollar during the period, the company recorded $1.04 billion revenue.However, JSW MG Motor India’s losses nearly doubled to ₹1,096 crore in FY25 from ₹586 crore in FY24, filings show, as the company slipped back into operating losses after posting its first-ever operating profit in FY24.JSW MG Motor, a joint venture finalised in 2024 between the JSW Group and China’s SAIC Motor, has emerged as one of the fastest carmakers to enter the $1-billion revenue club, achieving the milestone in nearly half the time its European peer Renault took to reach in India.

Consulting firms are queuing up at top-tier business schools with surprising hiring numbers, especially after artificial intelligence impacted employee figures in some of these very companies, according to the Indian Institutes of Management (IIMs), which are among the prominent recruitment grounds for these companies.“We started our final placements earlier and till now 492 of 594 students have been successfully placed, reflecting steady progress in a competitive market environment,” said Debashis Chatterjee, director IIM Kozhikode. “This year witnessed a strong resurgence in consulting and finance roles, with consulting offers rising by nearly 60% and finance roles by about 10%.”These offers are driven by India’s growing role in complex, AI-driven work.

Dear reader, as 2025, a year of global tumult and volatility, rolled by, Mint's reporters and columnists looked 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] Delhi: India Inc’s push from low-value, high-volume electronics assemblies to designing and selling high-margin electronics components is expected to pick up pace this year.

Dear reader, as 2025, a year of global tumult and volatility, rolled by, Mint's reporters and columnists looked 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]: The past 12 months have likely been the most challenging yet for the chief executive officers (CEOs) of India’s two largest airlines, IndiGo and Air India, which together control about 91% of the country’s aviation market.In September 2022, Tata Sons appointed Campbell Wilson as CEO of Air India to revive the debt-laden carrier it had acquired from the government earlier that year, under a five-year phased transformation plan.

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Today, more than half of all data breach incidents target personally identifiable information—tax identities, passport numbers, biometric data and the like. In most instances, this information was collected and stored to comply with know-your-customer (KYC) obligations.

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NEW DELHI: The finance ministry is weighing a plan to provide credit guarantee cover to funds that NBFCs raise from banks and ramp up their microfinance operations, according to two people familiar with the development.The proposed one-time credit guarantee scheme will help non-banking financial company-microfinance institutions (NBFC-MFIs) access funds from banks easily and tide over a liquidity crunch in maintaining their lending to low-income households that lack access to traditional banking.The guarantee cover under consideration will be larger than the ₹7,500 crore cover that was offered during the pandemic. The new scheme is likely to be managed by the state-run National Credit Guarantee Trustee Company, which will cover and underwrite the lending risk to NBFC-MFIs arising due to factors outside the control of small borrowers.This will help NBFC-MFIs to draw funds on easier terms from financial institutions.

₹39, Glam Pass offers shoppers a 10% discount, up to ₹300, on their first three purchases and is valid for three months. The feature is currently live for select users in Mumbai and is expected to be rolled out to other cities, including the National Capital Region and Bengaluru, in the coming weeks, the people said, on condition of anonymity.Glam Pass is expected to remain brand-specific rather than platform-wide, focusing on targeted benefits for labels shoppers already prefer, instead of generic perks spread across a large marketplace.

Mint reported on 23 December, quoting official data, that Japan is now the fifth-largest source of foreign direct investment into India.MUFG, which is one of Japan’s largest private lenders, is in discussions with multiple Indian IT services firms, including Tech Mahindra, for hiring support, the two people said, though the bank’s current India headcount could not be independently verified.The lender has two tech centres in Bengaluru to support back-end IT functions for the bank and enterprise solutions for the parent firm. MUFG ended last fiscal year with a net interest income of $20.8 billion, up 12% from the year-ago period.“They are mainly having talent requirements for Linux, .NET, and Java roles, apart from other AI and cybersecurity requirements,” said one of the two people.Manufacturing conglomerates are making similar moves.

India is making steady progress on artificial intelligence (AI). After chairing the Global Partnership on AI Council in 2024, the country is preparing to host the five-day India AI Impact Summit 2026 in New Delhi in mid-February. Apart from heads of state, CEOs of tech firms such as Google DeepMind, Anthropic, Adobe, Salesforce and Qualcomm are expected to attend.

Addressing at least 300 company executives in a virtual townhall in the last week of December, Joshi nudged the senior leaders to get closer to the 15% operating margin by March this year, according to two people privy to the development.London-based Joshi, who took over the top job two years ago, is also pushing teams to accelerate AI training for employees, win more deals at higher rates, and reduce the time staff spend away from projects, said the people quoted earlier–they asked not to be identified as details are not public.Tech Mahindra CEO’s push to win more revenue comes as the company lags its large information technology (IT) services peers in growth. The Pune-based company is nearing the final phase of Project Fortius, a three-year turnaround roadmap unveiled in April 2024.

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] venture capital (VC) funds have raised about $2.5 billion across 20 new vehicles so far in calendar 2025, outpacing the $1.6 billion secured via 16 funds in 2024 and $1.9 billion across 19 funds in 2023, according to Venture Intelligence.

JSW Steel and other steel stocks are in the news. The company’s shares jumped 4.9% on 31 December, largely on account of the government’s decision to impose import tariffs on steel products. Before the recent correction, the stock had been trending up for more than two years.Import tariffs help protect pricing of domestic steel producers by preventing cheaper imports, so what does the future hold for the stock? Today, we will discuss the pros and cons of investing in JSW Steel.

New Delhi: Homegrown carmakers Tata Motors, and Mahindra and Mahindra are increasingly improving the speed at which they develop products to gain market share in an intensely competitive domestic market, according to senior executives at auto component makers working with the companies.Indian carmakers have reached parity with European, Japanese and Korean automakers and are increasingly catching up to the speed of Chinese carmakers in rolling out new products, according to top executives at US-based component major BorgWarner Inc. and homegrown auto part maker Lumax Auto Technologies Ltd.This comes in the backdrop of Indian automobile manufacturer Mahindra and Mahindra Ltd reaching the number two rank in annual sales in 2025 for the first time in at least a decade, since retail registration data became available, toppling Korean carmaker Hyundai Motor India Ltd.The shift is inevitable, Nalinikanth Gollagunta, CEO of Mahindra’s automotive division, said.

With India’s urban hubs struggling with creaking infrastructure and weak service delivery for bulging populations, the central government is drawing up a blueprint to give municipal administrators greater autonomy over finances and service delivery, while reducing reliance on state and central grants.The blueprint—expected to be unveiled at the upcoming Union budget—will focus on strengthening urban local bodies’ (ULBs’) own-revenue sources such as property tax and user charges, two government officials directly involved in the process said, requesting anonymity.It will also encourage ULBs—including municipal corporations, municipalities and nagar panchayats—to tap market-based instruments including municipal and green bonds to fund long-term urban investment.

Electric two-wheeler maker Simple Energy plans to raise $30-40 million in fresh capital, largely from international backers and existing investors, in what could be its first round with institutional participation, chief executive Suhas Rajkumar told Mint. So far, the company has raised capital mainly from family offices and high net-worth individuals rather than venture capital funds.The fresh funds will be used to increase production capacity and support a second manufacturing plant as the Bengaluru-based company rolls out its Gen 2 Simple One range of scooters and the long-range Simple Ultra scooter, which according to the company has clocked 400 km in the Indian Driving Cycle (IDC), a standardized lab test by the Automotive Research Association of India.“We plan to close a fresh round of $30-40 million this year, which will have a mix of equity and debt, and have been talking to institutional investors, mostly international ones,” Rajkumar said.Simple Energy has also held discussions with domestic private equity and venture capital investors, but has so far struggled to convert that interest into large cheques, Rajkumar said.

Mumbai: Public markets-bound Bharat Coking Coal Ltd (BCCL), the largest producer of coking coal in India, is pinning its growth story on rising demand from the steel sector, for which the commodity is a key input, the company's management said on Monday.Coking coal is used to make coke, a key input for steel production. This coal sells at a premium to thermal coal, which is burned for heat in power plants and other industries."The real value of coking coal is not getting reflected properly in the Coal India valuation.

₹10,900-crore PM E-Drive scheme, two people aware of the development said.This comes less than a fortnight after CESL concluded the country’s largest electric bus tender of 10,900 units under the PM E-Drive scheme, which seeks to accelerate adoption of electric mobility and focuses on public transport, freight, and ambulances to reduce carbon emissions.CESL’s plan involves reducing the upfront cost of these e-trucks and setting up electric vehicle (EV) chargers by building scale through demand aggregation. CESL, the subsidiary of Energy Efficiency Services Ltd (EESL), has started talks with Indian ports that are big users of trucks to ferry goods, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.This focus on e-trucks comes at a time when the incentives for two- and three-wheelers under the PM E-Drive scheme are set to lapse in March 2026.“CESL is looking to become the nodal agency for e-trucks also, now that the e-bus tender is done,” said the person cited above, referring to the recently-concluded tender for 10,900 e-buses.“There have been talks for becoming the nodal agency, and some talks with 1-2 ports also.