UPS Financial News

Reliance Industries’ retail arm, Reliance Retail will not compete with Blinkit and Zepto with a 10-minute delivery model for its proposed re-entry into quick commerce venture next month. Instead the country’s largest retailer is planning a 30-minute delivery model with a wider assortment than existing quick commerce companies which will be fed by Reliance’s own stores and the almost 20 lakh kiranas who source products from the company, said two executives aware of the plans. The kiranas are part of the JioMart Partner initiative whereby they source products from Reliance Retail’s wholesale arm and have their backend connected. The company will be utilizing tech platforms such as FYND and Locus for the fulfilment process and optimise delivery routes to ensure orders reach within 30 minutes, considering Reliance is not setting up dark stores like other quick commerce operators who have such warehouses in each locality for under-ten-minute delivery, they said.

MONTREAL — National Bank of Canada reported a second-quarter profit of $906 million, up from $832 million a year earlier, and raised its dividend.

Wealth Enhancement Group has closed another deal in the south with an independent RIA in Houston, Texas.

With the Fed still holding firm on interest rates and the election ahead, U.S. consumers have revealed mixed sentiment in new research from The Conference Board.

Customers with funds locked up in crypto exchange Gemini's defunct crypto lending program are finally going to start getting their money back.

This was an increase from 114 share buybacks in March and 93 in April 2023. Trusts bought back a total of £620m last month, down 2% from March but up 152% from April 2023, when shares worth £246m were repurchased. Number of investment trust share buybacks hits record high but effectiveness called into question Overall, £2.2bn had been repurchased by investment trusts in the first four months of the year, a 106% increase versus the equivalent period last year. Scottish Mortgage made the biggest collective share buyback purchases in April and year-to-date, at £75m and £212m repurc...

Hindalco Industries Ltd stock was the top gainer among the Nifty 50 companies on Wednesday, hitting a new 52-week high of ₹713.50 before closing about 4% up on the day. Details of the proposed initial public offering (IPO) of its subsidiary Novelis in the US, which assigns it a market capitalisation of $12.6 billion ( ₹1.04 trillion) at the upper end of the $18-21 per share band, have brought cheer. This is almost two-thirds of Hindalco’s market cap of about ₹1.52 trillion before the announcement.

₹5.At 12:30 pm, the scrip was trading at ₹886.90 per share on Wednesday. The stock closed at ₹860.10.Also read: Multibagger stock: Magellanic Cloud soars 8166% in 5 years, 4078% in 3 years; should you invest?In an exchange filing, Cello World announced that the fund-raising will require shareholder approval.

Is bindu par dhyaan do," he told Raza – focus on this spot. He did.

Sweden will donate two radar surveillance and command aircraft to Ukraine to boost its defences in the war with Russia, the Swedish government said on Wednesday, as part of its largest aid package to Ukraine so far worth about 13.3 billion Swedish crowns ($1.3 billion). The Saab Airborne Surveillance and Control (ASC) 890 aircraft allows easier long-range target identification and will help Ukraine with the planned introduction of F-16 fighter jets donated by other Western countries, Sweden said. «They will complement and reinforce the F-16 systems,» Defence Minister Pal Jonson told a press briefing in Stockholm.

SIP contribution by mutual fund investors has grown over two times in Narendra Modi’s second term as PM from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison), an analysis by ETMutualFunds showed. The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by the Association of Mutual Funds in India (AMFI). The number of mutual fund folios have surged by around 118% from 8.32 crore in May 2019 to 18.14 crore April 2024, according to the data of folios released by AMFI.

West Bengal will exercise their franchises in the last phase of Lok Sabha elections 2024. West Bengal Chief Minister Mamata Banerjee on Monday said that she won't be able to attend the meeting of the Opposition INDIA alliance on June 1 due to the voting of the last phase of elections and relief work after cyclone 'Remal' hit the state's coastal regions.

The choice between an overdraft facility and a personal loan depends on myriad situation-specific factors. An outline of the key factors is provided here.

In its half-year results for the six months to 31 March 2024 published today (29 May), the firm posted an increase in AUM by 5.9% to £39.6bn. The rise in assets came despite outflows reaching £2.7bn over the period, mostly driven by its wholesale channel in Europe and with investors switching to a more «risk-off» approach amid a higher interest rate environment. However, Impax said its client retention «overall remains strong». Meanwhile, the company's fixed income arm shed £106m, whereas its private markets division attracted £670m, up from £564m in the second half of 2023. Growth in...

All those Nvidia chips have to plug into something. That’s turning into a very profitable reality for Dell. The 40-year-old company that started life specializing in made-to-order personal computers has become one of the hottest names in the artificial-intelligence craze.

‘Mahatma Gandhi, Pandit Nehru couldn’t imagine…', Priyanka Gandhi in Rae BareliIn the video clip of the TV interview that has gone viral on social media, PM Modi suggests that Mahatma Gandhi's global recognition was significantly influenced by cinematic portrayals of his life and principles. Flagging a 'durdasha' (sad state of affairs) in post-Independence India, PM Modi said that when the movie was made of Mahatma Gandhi, did the world get 'curious' about Gandhi? ALSO READ: ‘Mahatma Gandhi said soon after Independence…’ Rajnath Singh reiterates ‘abolish Congress’ remarkPM Modi further emphasises that if Martin Luther King and Nelson Mandela had been well-known figures worldwide, India should have 'worked' better to make Mahatma Gandhi a world-renowned figure.

Last month, an article in Harvard Business Review (HBR) ‘Will Your Nudge Have a Lasting Impact?’ by Evan Polman and Sam J. Maglio questioned the effectiveness of nudges used in policymaking and corporate strategy. Ever since the book Nudge by Richard Thaler and Cass Sunstein was published in 2008, behavioural nudges, or interventions designed to subtly steer individuals towards desired behaviours, has become a favourite tool of policymakers around the world.

A post shared by Bangalore Malayalees | Food |Travel (@bangalore_malayalees)“It is like Chennai, there is no setup to let the water go if it rains," said another.“Town planning gone wrong on a state level. It's not that this is limited to one town. A good rain and pretty much any town in our state would be like this barring very few.

DAYS OF PLAY' sale begins today and will continue until June 12th or while supplies last. These offers can be availed through various retailers, including Amazon, Blinkit, Croma, Flipkart, Reliance, Sony Center, and Vijay Sales, among others.One of the highlights of the sale is the PlayStation 5 Slim, which now comes with a price cut of ₹5,000.

Nakoda Group Of Industries Ltd.(up 7.68%), JHS Svendgaard Laboratories Ltd.(up 4.95%), ADF Foods Ltd.(up 4.29%), Sheetal Cool Products Ltd.(up 3.31%), Gillette India Ltd.(up 2.91%), Zydus Wellness Ltd.(up 2.67%), Mrs. Bectors Food Specialities Ltd.(up 1.90%), Adani Wilmar Ltd.(up 1.82%), Honasa Consumer Ltd.(up 1.78%) and Umang Dairies Ltd.(up 1.76%) stood among the top gainers.

Rajnath Singh on Wednesday claimed that under the free ration scheme, people were getting more foodgrains than they could consume and they ended up selling the surplus in the market. The former BJP president, who was addressing an election rally in Karakat Lok Sabha constituency of Bihar, also, cited figures to assert that the food inflation rate in the country was «the lowest in the world» and expressed dismay over allegations of price rise. «Are you not getting five kilogrammes of foodgrains each? I know if there are four members in a family, each is getting a supply of 5 kg and those who are not able to consume it, sell off the surplus,» Singh said with a chuckle, breaking into the local dialect Bhojpuri. Claiming that the central government has not done a favour to people by providing them with welfare measures like toilets and pucca houses, he said BJP people are in politics with the spirit of service.