UPS Financial News
14.05 / 13:33
markets
UPS
Provident
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ChrysCapital invests $100 million in eyecare chain Centre for Sight
MUMBAI : Homegrown private equity firm ChrysCapital is set to invest up to $100 million in New Delhi-based Centre for Sight for a “significant" minority stake in the eyecare chain. As part of the transaction, ChrysCapital will purchase the entire stake held by Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra Ltd, in Center for Sight. Mahindra Holdings had invested in the eyecare chain in 2019.
14.05 / 13:33
markets
UPS
Trade
War
country
reports
International
OPEC sticks to oil-demand view, posts fall in overall output
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel’s next production policy move at its upcoming meeting in June. The Vienna-based group said in its monthly report that it continues to forecast oil demand to grow by 2.2 million barrels a day this year and by 1.8 million barrels a day in 2025, unchanged from its previous estimates. The cartel’s latest report comes as oil prices trade rangebound after dropping to mid-March levels earlier this month.
14.05 / 13:33
markets
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IPO
Booking
CEO
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How Pirojsha Godrej changed India’s real estate business
Godrej Properties Ltd, in 2009, Pirojsha Godrej, who was then its executive director, met up with the executives of a prominent Mumbai-based investment banking firm. The investment bank’s feedback wasn’t that encouraging. Godrej’s property business, executives from the bank said, wasn’t ready for an IPO yet; the developer needed to build scale.
14.05 / 13:17
markets
UPS
Trade
Updates
Evelyn Partners hits record £61.8bn AUMA despite slowing net inflows
In a trading update published today (14 May), the wealth manager posted a 4.6% increase in AUMA in the three months to 31 March, up from £59.1bn at the end of 2023, largely aided by new business and positive market movements. Net inflows into the business significantly decreased compared to a year earlier however, dropping to £300m from £700m in the first quarter of 2024, primarily due to increased redemptions. Evelyn Partners nets record £3.1bn inflows in 2023 as assets reach all-time high Group operating income increased by 9.5% over the three-month period to £178m, with growth a...
14.05 / 12:59
markets
UPS
Matthews
Hudson
reports
International
RBC global investment-banking unit taps Stopnik to lead
Royal Bank of Canada has adopted a global structure for its investment-banking business and tapped Matthew Stopnik to head up the division.
14.05 / 12:59
markets
UPS
Provident
Platform
security
performer
reports
RBC poised to outperform rivals thanks to HSBC deal, say analysts
Exposure to more fee-based revenue from the acquisition of HSBC’s Canadian franchise is likely to boost Royal Bank of Canada’s performance relative to other domestic banks when they begin releasing second-quarter earnings next week, according to analysts at Jeffries Securities Inc.
14.05 / 12:59
UPS
Moodys
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country
folk
inclusion
information
NOT
Capital gains inclusion rate proposal should be delayed, if not scrapped altogether
It’s been almost a month since the Canadian federal budget was released and the long tail on budget articles and comments is normally not that long — perhaps a few days or a week at best.
14.05 / 12:59
14.05 / 11:35
14.05 / 11:35
markets
UPS
Reuters
Election
Opinion
information
Foreign equity investors turn to hedging on India election jitters
options to hedge their equity portfolios against a slide in benchmark indexes as they worry that Prime Minister Narendra Modi's party may not achieve the landslide victory predicted by opinion polls just weeks ago. The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required to return to power.
14.05 / 11:35
UPS
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Shree Cement Q4 Results: PAT jumps 28% YoY to Rs 526 crore; Rs 55/sh dividend declared
Shree Cement on Tuesday reported a 28% year-on-year (YoY) jump in its consolidated net profit to Rs 675 crore for the quarter ended March 31, 2024, from Rs 526 crore reported by the company in the corresponding quarter of the last financial year. The revenue from operations stood at Rs 5,433 crore in the quarter under review which was up by 6.5% from Rs 5,100 crore reported in the year-ago period.
14.05 / 11:35
UPS
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Trade
BASF
CMI
Sensex rises! But these stocks fell 5% or more in Tuesday's session
On the BSE, Retro Green Revoluti(down 18.93 per cent), CMI FPE(down 13.18 per cent), Nutech Global(down 12.32 per cent), Regency Investments(down 10.24 per cent) and Ashirwad Steels(down 9.98 per cent) stood among the top losers in today's trade.
14.05 / 11:35
markets
UPS
Provident
Platform
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cover
Razorpay rolls out more customisable employee health insurance policy
Razorpay has introduced a new employee health insurance policy, under which coverage will be provided to employees’ siblings as well as for vital treatments like those for HIV/AIDS. The policy also extends support to conditions such as polycystic ovary syndrome, addressing a broad spectrum of healthcare needs. It will allow employees of the omnichannel payments and banking platform for businesses to customise their health insurance plans according to their individual needs, including defining their own families and encompassing live-in or LGBTQIA+ partners as spouses.
14.05 / 11:35
14.05 / 11:17
markets
UPS
Enterprise
Nestle
Trade
Updates
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 113.8 points up at 22217.85, while BSE Sensex rose 328.48 points to 73104.61.
14.05 / 11:17
markets
UPS
Food
Nestle
wellness
Updates
Stock market update: FMCG stocks up as market rises
Nakoda Group Of Industries Ltd.(up 11.06%), Umang Dairies Ltd.(up 5.30%), JHS Svendgaard Laboratories Ltd.(up 4.93%), LT Foods Ltd.(up 4.69%), ADF Foods Ltd.(up 3.14%), Zydus Wellness Ltd.(up 2.54%), Adani Wilmar Ltd.(up 2.32%), Mrs. Bectors Food Specialities Ltd.(up 2.02%), Vadilal Industries Ltd.(up 1.92%) and Dangee Dums Ltd.(up 1.87%) stood among the top gainers.
14.05 / 11:17
markets
UPS
Manufacturing
conductor
reports
recommendations
Apar Industries shares zoom 8% after company reports Q4 results, announces Rs 51 dividend
Shares of Apar Industries surged 8% on the BSE on Tuesday to hit a new 52-week high of Rs 8,398.95 after the company posted its revenue at Rs 4,455 crore, up 9% YoY. Its PAT declined 3% YoY to Rs 236 crore. The board of directors also announced a dividend of Rs 51 per share for FY24. “Board of Directors of the company at its meeting held on 14th May, 2024, recommended final dividend for the financial year ended 31st March, 2024, at Rs. 51/- per share (face value Rs.10/- per share) on 4,01,68,315 Equity shares aggregating to Rs 204.86 crore. This will be paid after approval by members at the ensuing Annual General Meeting,” the filing read.
14.05 / 10:55
markets
COST
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Enterprise
Deloitte
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Fintech firm Klarna says 90% of its employees are using generative AI daily
Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work.
14.05 / 10:33
Blockchain
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Target
CFTC
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Crypto scams
CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams
The Commodity Futures Trading Commission (CFTC) is warning against “money mule” scams targeting remote job seekers.
14.05 / 10:33
Blockchain
UPS
Platform
innovations
Updates
Why this RWA project is set to revolutionize the way you fill up your vehicles!
Gaswizard, in collaboration with its native token GWIZ, is all set to transform the landscape of fueling experiences worldwide. Through innovative technology and a commitment to efficiency, Gaswizard aims to revolutionize how drivers approach refueling and, in turn, lead in a new era of convenience and savings.
14.05 / 10:33
UPS
Ethereum
Extreme
security
community
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stage
audit
BlastUP raises $6M on pre-sale, gets an 87.40 audit score from CertiK – higher than Chainlink and Worldcoin
With $6 million raised to date and a place in the top 30 of the projects with the best security audit score, BlastUP has cemented its status as one of the biggest successes in the rollup space. Investors still have a few days to buy $BLP tokens with a bank card at $0.06 per token before the price jumps to $0.065.
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