UPS Financial News

Investing.com — Charles Schwab (NYSE:SCHW) has reported a 22% dip in net profit in 2023, as the financial services group said it dealt with «challenges» posed by a tighter interest rate environment.

By Chuck Mikolajczak

(Reuters) — Digital World Acquisition, the blank-check firm set to merge with former U.S. President Donald Trump's media company, said in a filing it could raise up to $50 million by issuing convertible notes or warrants.

Happiest Minds Technologies Q3 Results: Happiest Minds Technologies announced it October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a rise of 3.5 per cent in consolidated net profit at ₹59.6 crore, compared to ₹57.5 crore in the year-ago period. The IT services company's revenue from operations in the third quarter of current fiscal rose 12 per cent at ₹410 crore, compared to ₹367 crore in the corresponding period last year. On the operating front, the earnings before interest, tax, depreciation, and amortisation (EBITDA) in the December quarter rose 8.2 per cent to ₹105 crore, compared to ₹97.2 crore in the year-ago period.

cabinet safes come into play as a smart option. Without breaking the bank, these little household safes for storing valuables provide an affordable way to guarantee the security of cash, priceless objects, or critical papers. In the following guide, we have curated the best cabinet safes, which have a price limit of less than Rs.

audio enthusiasts to upgrade their gear with up to 72% off on Boya microphones. Renowned for their quality and reliability, Boya microphones have become a staple in the creator community, offering crisp, clear audio capture that can elevate any project. This sale is particularly significant for those looking to enhance their audio recording capabilities without breaking the bank.

Vedanta Ltd last year. The JV had planned to invest $20 billion in India for setting up a semiconductor fabrication unit, display unit and semiconductor assembly and testing unit.

LONDON : The Princess of Wales has been hospitalized for planned abdominal surgery and will remain at The London Clinic for up to two weeks, Kensington Palace said Wednesday. The former Kate Middleton is expected to return to public duties after Easter, the palace said.

In a new paper, the Niti Aayog said an estimated 248 million Indians exited ‘multidimensional poverty’ (MDP) in the nine-year period of 2013-14 and 2022-23. Prime Minister Narendra Modi has already used the data to suggest a reduction in ‘poverty’ during his tenure. Mint explains how to read it.

₹50,000 crore over the next 10 years to set up a 1 GW data centre in Maharashtra. The apples-to-airport conglomerate will invest ₹624 billion in Maharashtra and Telangana as a part of its ₹7-trillion expenditure plan for the next decade, Reuters reported.

Global Renewable Capacity: The world added a record renewable energy capacity in 2023 reaching around 507 GW. While this is a robust increase of nearly 50% over 2022, we need to triple global renewable capacity to tame the energy demand beast. Over the next five years, solar and wind power additions are projected to more than double with an addition of almost 430GW by 2028.

₹215.50 crore. It had posted a loss of ₹241.43 crore in the same period last fiscal year (FY2023). Its revenue from operations in the third quarter of FY24 stood at ₹1,217.20 crore, as compared to ₹1,664.99 crore in Q3 of FY23.

National Retail Federation CEO Matt Shay dissects consumer spending and the retail industry as shoppers hit stores across the country for Black Friday.

WASHINGTON (Reuters) — U.S. retail sales increased more than expected in December as consumers stepped up purchases of motor vehicles and retailers offered discounts, keeping the economy on solid ground heading into the new year.

Maize prices increased by 20% in the first two weeks of January compared to October as demand picked up after the government’s plans to procure the commodity for ethanol production due to restrictions on the use of sugar for producing biofuel. As per trade estimates, maize prices increased to Rs 2,366 per quintal in Gulabbagh in Bihar and feed-grade maize prices increased to Rs 2,400 per quintal in Ahmedabad in Gujarat. “The prices will stay firm in the coming months because the demand is going to go up significantly,” said Gopal Sharma, a maize trader from Begusarai in Bihar adding that there even could be shortage of the commodity going forward. India is promoting the use of maize as an alternative to sugar to boost ethanol production and ensure sufficient supply of the sweetener in the market.

India's government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world's largest iron ore consumer, three sources with direct knowledge said. The government has instead asked NMDC, India's largest state-owned iron ore miner, to focus on domestic sales, said the sources who didn't wish to be named as they were not authorised to talk to the media. China accounts for around 80% of India's overall iron ore shipments.

Manta Network, a platform dedicated to building scalable decentralized applications, is gearing up to reward its community with a MANTA token airdrop.

₹1,491.95, hit on December 1, 2023. Despite the muted returns, global brokerage house Jefferies has a ‘buy’ call on the insurance stock with a target price of ₹1,730, implying an over 19 percent upside. The brokerage elevated ICICI Lombard to one of its top picks, citing five compelling triggers for optimism.

NEW DELHI : The Union government’s food subsidy bill for fiscal year 2023-24 is likely to overshoot the budgeted estimate of ₹1.97 trillion, prompting the food department to seek additional funds primarily to support its flagship programme. Revised allocation for the ongoing fiscal year is expected to go up by 3% to ₹2.02 trillion, a top official of the department of food and public distribution told Mint.

Suryoday Small Finance Bank offering rate of 8.65% p.a. In the scheduled private sector banks, SBM Bank takes the lead with the best FD interest rate of 8.25% p.a. for tenures exceeding 3 years 2 days but less than five years.