UPS Financial News

ITC on Thursday said the National Company Law Tribunal (NCLT) has directed convening a meeting of shareholders of the company on June 6 for approval of the demerger of its hotels business into a separate listed entity. «Post obtaining no-objection from stock exchanges, Scheme of Arrangement for demerger was filed with National Company Law Tribunal (NCLT). NCLT has directed convening a meeting of shareholders of ITC on June 6, 2024, to consider and approve the Scheme,» ITC said in a regulatory filing.

The Securities and Exchange Commission under the Biden administration has made it easier for investors to try to drag corporations into political and cultural battles, but brewing lawsuits seek to silence the activists. After a change in SEC policy eased the path for shareholders to bring forward certain proposals, investors of all political stripes have increasingly pressed companies on hot-button issues such as climate, abortion, guns and diversity, filing hundreds of proposals each year.

Indian Premier League 2024 is nearing its conclusion with just two matches—a playoff and a final—left for the season. On 24 May, the second qualifier between Sunrisers Hyderabad and Rajasthan Royal will decide which team will play in the final with Kolkata Knight Riders on Sunday.The 2024 IPL season saw a host of captaincy changes by franchises, including the five-time trophy winners Mumbai Indians and Chennai Super Kings.

IRDAI) on Wednesday released a master circular on corporate governance for insurers.Although the circular becomes effective upon issuance, the insurance companies are given time up to June 30, 2024 before they are mandated to adhere to the provisions of this 70-page circular. The latest set of instructions carries a set of disclosure requirements, among a number of other requirements, for insurance companies.

Also Read: How to calculate income tax benefits on home loan EMIs — explainedBelow is a summary of their effects along with some crucial points to remember:Higher EMIs: To start with, high interest rates present a double-edged sword for borrowers of home loans. One major challenge is the higher equated monthly payment (EMI). The EMI takes up a larger portion of your pay, leaving you with less money for other needs and discretionary purchases.

₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21.Awfis Space Solutions Ltd offers a broad range of flexible workspace solutions for start-ups, small and medium-sized businesses, large organisations, and multinational corporations, from individual flexible desk needs to customised office spaces.Also Read: Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more.

₹2.11 lakh crore dividend from the Reserve Bank of India, announced yesterday, is anticipated to aid the government in managing the fiscal deficit. This a surprise for the market as the market was projecting a 1 lakh crore dividend.Furthermore, investors have now become more optimistic about a decisive victory for the BJP in the ongoing general elections.

Amit Shah on Thursday claimed that in the first five rounds of polling, «BJP has crossed 310» and that Congress Party is «not even getting 40 seats» this time. «INDI alliance has been wiped out in the first five phases. I am telling you, this time Congress is not even getting 40 seats and Akhilesh Yadav will not even get four seats,» said Shah addressing a poll meeting in Siddharthnagar in support of Domariyaganj BJP candidate Jagdambika Pal. He said that the PoK (Pakistan-occupied Kashmir) is a part of INDIA and the BJP will take it back. «Leaders of Pakistan say that PoK is theirs. Congress leaders also say that they (Pakistan) have an atom bomb. BJP people are not scared of atom bombs. PoK is and will remain part of India and we will take it back,» he said.

ITC Ltd on Thursday reported a 1% fall in its consolidated net profit at Rs 5,120 crore in the March quarter. The same stood at Rs 5,175 crore in the last year quarter. The profit figure was marginally below the Street estimate of Rs 5,149 crore.

beer named after terrorist Osama Bin Laden has caused a stir in the UK, with the brewery behind it temporarily shutting down its website due to overwhelming demand. The beer, named Osama Bin Lager, is part of a collection by Mitchell Brewing Co., which also includes Kim Jong Ale and Putin Porter, all featuring tongue-in-cheek names related to dictators. «We've woken up the last couple of mornings with thousands and thousands and thousands of notifications,» co-owner Mitchell said, highlighting the viral nature of the beer's popularity.

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed

If goat yoga is a trend, piglet yoga may not be far behind

The former head of Britain’s Post Office Paula Vennells has broken down in tears on several occasions while giving evidence to an inquiry into one of the country’s biggest miscarriages of justice that saw hundreds of branch managers wrongly convicted o...

Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways

BBC stated. The website describes the Orama Bin Lager beer as “a light refreshing lager with a hint of citrus taste." Priced at £16.00, the drink recently went viral on social media garnering a lot of orders.

Bernstein.Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein.The final two phases of the seven-phase Lok Sabha election 2024 are scheduled for May 25 and June 1.

₹81 crore and revenue from operations grow 12% in fiscal year 2024, according to TCPL's annual report released on Thursday. In fiscal year 2023 the coffee chain had reported a loss of ₹23.9 crore.

Schooling children to be mindful content creators As the biking trip ended and the dune safari started, initially, I worried through every jump and turn that the vehicle took: “Is my daughter okay?", “Is she going to throw up?", “Is she dizzy?" But I was worrying needlessly—she thoroughly enjoyed the experience. That trip was the first of many when my daughter took charge of planning activities for a holiday.

Open interest indicates that bulls are likely to dominate the following counters. In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Saudi Arabia signed deals to buy electricity from two large-scale wind farms that are cheaper than natural gas plants, as it aims to rapidly transition to a bigger share of renewables in the power grid. The state-run Saudi Power Procurement Co. this week said it had agreed to purchase power at record-low prices from the wind projects to be developed in the kingdom by Japan’s Marubeni Corp. A combination of state backing and strong wind conditions in the country will help make the green power plants cheaper than fossil fuel alternatives, the head of the Saudi company said. “What’s unique about these projects is they’ve achieved extremely low cost of electricity that is considered the lowest we’ve seen globally,” Mazin Albahkali, chief executive officer of SPPC, said in an interview. “Achieving extremely low tariffs on renewables is definitely helping reduce the cost of power generation in Saudi Arabia.”

BJP said on Thursday that no one should hamper the probe into the alleged assault on AAP MP Swati Maliwal, claiming it is part of the investigation to ascertain who were present at Delhi Chief Minister Arvind Kejriwal's residence and the role they played when the incident occurred. «Who all were present at Kejriwal's residence from his family and office, the role they played and what they witnessed when Maliwal was being beaten up are part of the investigation. I am a spokesperson of the BJP, not the police. I will only request that no one should hamper the investigation,» Union Minister Smriti Irani said at a press conference. She was responding to a question about the AAP's attack on the BJP over the Delhi Police's move to question Kejriwal's parents over the issue. The fact that Kejriwal has been seen travelling with the accused, his aide Bibhav Kumar, signals where his loyalty lies in the case, she said.