UPS Financial News

Shares of Zydus Lifesciences Ltd.(up 6.41 per cent), Dr. Reddy's Laboratories Ltd.(up 2.89 per cent), Divi's Laboratories Ltd.(up 2.41 per cent), Aurobindo Pharma Ltd.(up 1.55 per cent) and Abbott India Ltd.(up 1.41 per cent) ended the day as top gainers in the pack.

Investing.com -- U.S. stock futures were little changed on Monday, with markets taking some caution ahead of a week of major economic data and company results. Elsewhere, rivals Diamondback (NASDAQ:FANG) Energy and Endeavor Energy Resources are reportedly closing in on a merger that would give the combined entity a massive presence in the Permian Basin, a key U.S. production hub.

fund to finance the development of sophisticated technology in developing nations. The fund was launched with capital of $200 million, financed by the Abu Dhabi government, and will be overseen by the Gulf state's Advanced Technology Research Council (ATRC), the council said.

Also Read: Multibagger railway stocks IRFC, RVNL and 3 others fall up to 11.5%. Here's why The company's shares have shown a steady growth trend over the past four years, increasing from approximately ₹20.25 apiece to the current value of ₹629 apiece, resulting in a stunning return of 3006%. Remarkably, the stock has achieved multibagger returns in three of the last four years.

Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office. The list of white-collar layoffs is growing almost daily and include jobs cuts at Google, Duolingo and UPS in recent weeks. While the total number of jobs directly lost to generative AI remains low, some of these companies and others have linked cuts to new productivity-boosting technologies like machine learning and other AI applications.

Another solid day on Friday for indexes with the Russell 2000 (IWM) building up some nice momentum, but other indexes did not disappoint.

By Aditya Kalra and Munsif Vengattil

By Shubham Batra and Khushi Singh

MILAN (Reuters) — Shares in Tod's rose 17.4% on Monday, after private equity firm L Catterton offered to buy 36% of the luxury shoemaker and take it private, in agreement with the Della Valle founding family.

By Elizabeth Howcroft

LONDON (Reuters) — The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on when the Federal Reserve may start to cut rates.

By Sudarshan Varadhan

Mark Gurman suggests that the headset may not yet live up to its full potential. In his latest Power On newsletter report, Gurman acknowledges the impressive features of the Vision Pro but also points out several areas where it falls short. He notes that while the headset boasts a wide range of functionalities that could potentially replace the iPad for basic tasks, its ability to replace the iPhone remains questionable.

BSE Sensex has dropped 1.5% year-to-date (YTD), while the Nifty 50 is down more than 0.4% since the beginning of 2024. The drop in the Indian stock market has been largely led by the outflow of foreign institutional investors’ (FII) money amid rising bond yields in the US. However, despite the volatility in the market, some penny stocks registered whopping gains so far this year.

Former CKE Restaurants CEO Andy Puzder explains the importance of addressing the U.S. debt and the impact of wages on restaurant affordability.

smartwatch is a thoughtful and practical choice. However, finding a budget-friendly yet impressive smartwatch can be a challenge. Fear not, we've browsed the internet and curated a list of the best smartwatches under ₹2000, perfect for celebrating love without breaking the bank.

DLF Ltd. traded 2.26 per cent lower in Monday's session at 01:40PM (IST). The stock opened at Rs 830.4 and has touched an intraday high and low of Rs 837.45 and Rs 811.5, respectively, during the session so far. The stock quoted a 52-week high of Rs 840.8 and a 52-week low of 336.55. About 65,925 shares changed hands on the counter so far.

Au Small Finance Bank Ltd. traded at Rs 589.7 on BSE at 01:35PM (IST) on Monday, down 2.3 per cent from previous close. The scrip quoted a 52-week low price of Rs 548.15 and a high of Rs 813.0.

Medanta hospital brand jumped 14% to hit a fresh 52-week high of Rs 1,448.45 on the NSE on Monday. They have extended gains to 20%, remaining unbeaten over five consecutive sessions. The rally has been more pronounced since the company announced its December quarter earnings on Thursday where it reported a consolidated profit after tax (PAT) of Rs 123.50 crore which was up by 53% year-on-year (YoY). PAT margins increased from 11.4% in Q3 FY23 to 14.5% in Q3 FY24, the company filing said.

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the rural economy and that is why it is quite resilient. Puri further says: “We have a core portfolio which, given the growing consumption in India and the opportunity for penetration, the opportunity for per capita consumption is huge, we are saying that we need to scale that up, use that to address adjacencies and also build categories of the future. Some of them start scaling them, some of them incubate them.” Do you think India can sustain 7% growth? Sanjiv Puri: Yes, this is eminently possible. That is the kind of number we should be aiming for at the minimum. You see, growing at 7% which is what is the estimate for the year and beyond this year, at a time when the whole world is struggling, when the global growth is the least in a long period, global trade is significantly lower than what it used to be at that time itself, we are growing at 7%.

Business Standard reported. This decision was communicated to the Central Board of Trustees (CBT) during a meeting on Saturday. According to sources quoted by the Business Daily, a proposal to raise the minimum pension under EPS from ₹1,000 to ₹2,000 per month was sent to the Ministry of Finance based on recommendations from a government-appointed monitoring committee.