UPS Financial News

China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract.

Microsoft on Monday said consumers and small businesses can buy subscriptions to access more capabilities in its artificial intelligence "Copilot," as it moves to grow sales beyond large enterprises. After introducing a free AI Copilot for its Bing search engine last year, Microsoft will offer what it calls Copilot Pro to individuals for $20 a month.

By Arathy Somasekhar

interim budget for FY25, from the budget estimate for this year, as it aims to balance the need for sustained growth with fiscal consolidation imperatives, people aware of deliberations said. With the economy continuing to grow at a robust pace, the government is of the view that fiscal consolidation needs greater attention, they said. According to the first advance estimate, India's gross domestic product (GDP) is forecast to grow 7.3% in FY24, bettering the preceding fiscal year's 7.2%. FY24's budget had raised spending by 14.1% over the FY23 budget estimate — to ₹45 lakh crore. FY24 expenditure growth was up 7.5% over the provisional number for the last fiscal year. The Centre will continue quality spending next fiscal by raising capital expenditure, albeit at a slower pace than in recent years, a government official told ET. Muted hike in capex This, while lifting revenue spending at a moderate rate, the official said.

equity indices surged nearly 1% to new highs on Monday, with the Nifty closing above 22,000 for the first time, as IT stocks continued to propel the markets on better-than-expected third-quarter earnings. The Sensex ended above 73,000 for the first time, extending the recent bullish momentum, though the Volatility Index — a fear gauge — rose 5.2%, indicating some signs of discomfort among traders over the pace of the upmove.

At least half a dozen investors ET spoke to said it will be crucial for early-stage software companies to showcase how they are leveraging AI in their products to attract new investments in 2024.

Udaan’s valuation has fallen by nearly half to around $1.8 billion in a down round, marking one of the most precipitous drops for a startup that has raised over $1 billion, people aware of the matter said. Bengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021.

Investing.com-- Australian consumer sentiment deteriorated in early-January, a private survey showed on Tuesday, as signs of sticky inflation kept respondents on edge over more interest rate hikes and lower household savings.

By Jamie McGeever

By Jeffrey Dastin

Riot Games gears up for another shift in the meta with the upcoming League of Legends Patch 14.2. Scheduled to go live on January 24, 2024, this patch introduces alterations to runes and buffs aimed at revitalizing AD Twisted Fate’s viability.

Dolly Parton, celebrated for her contributions to country and pop music, is making headlines not just for her musical prowess but also for her openness about cosmetic procedures. In a series of recent interviews, the 77-year-old icon shared her unfiltered take on nips, tucks, and embracing one's true self.

Mint on condition of anonymity. The company has held dealer ‘clinics’ with 30-35 potential Indian dealer partners in Vietnam, and is soon going to announce its distributor network, which will display both two- and four-wheelers.

UP RERA) on Monday started pre-hearing scrutiny of complaints, in a move aimed at quick disposal of cases. UP RERA has an e-courts system for filing of complaints by the homebuyers and the promoters. It issued revised standard operating procedures (SOP) on December 2, 2023 for filing, scrutiny and hearing of complaints and conciliation. In doing so, UP RERA not only simplified the process of filing of complaints, but made it more comprehensive also, it said in a statement.

The former CEO of the Celsius Network, Alex Mashinsky, has filed a motion requesting the dismissal of charges related to commodities fraud and market manipulation. This request was made through his legal team.

State-run banks will revamp their processes to create a risk-based profitability measurement framework to include more detailed and frequent scrutiny of securities pledged by high-value borrowers. They will also widen the coverage of early warning signals to help identify and reach out to distressed borrowers.

China. That is drawing the attention of President Joe Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing. As US factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods, often at significantly lower prices. A similar influx is also hitting the European market.

Portfolio Wealth Advisors President and CIO Lee Munson discusses the expected release of big bank earnings, the Fed's rate cuts and shares his market outlook for the year.

Navi Mumbai, driven by transformative infrastructure projects such as the Mumbai Trans Harbour Link (MTHL) and the forthcoming international airport. The hospitality market is witnessing a surge in investments in the region, with Navi Mumbai, Panvel and Khopoli emerging as the prime locations for investors, said hotel industry executives and transaction advisory firms. Most of the leading hospitality brands are either looking to step up their presence or are entering the region. American hotel operator Radisson Hotel Group that currently has one property, Country Inn & Suites by Radisson at Turbhe in Navi Mumbai, recently signed up for a 100-room hotel in Khopoli and has another one of similar size coming up soon. The MHTL, which opened to the public on Saturday, is set to decongest Mumbai by improving connectivity between the island city and mainland and promoting the development of Navi Mumbai region. This significant infrastructure link spans a length of about 21.8 km.

Disney Star and Viacom18 are gearing up for an aggressive battle for advertising dollars in the upcoming Indian Premier League (IPL) 2024, even as merger talks between their parent companies continue. ET had reported earlier that the two companies have signed a non-binding term sheet to merge Disney Star and Viacom18. Both are currently in the midst of a due diligence exercise. Disney Star, which will air matches on its sports channels, is seeking outlays of '167 crore and '83 crore for co-presenting and associate sponsorships, respectively, on standard definition (SD) channels.

opposition parties have taken a more nuanced approach to questions regarding attending the Ram temple consecration ceremony in Ayodhya than the principal national opposition Congress, which has slammed it as «clearly a BJP-RSS event» and said the inauguration is being done for «political gains». BSP chief Mayawati on Monday, while saying she was yet undecided on whether or not to attend the programme owing to party engagements, emphatically added that her party «did not have any problems» with the January 22 ceremony and «welcomed it», «just like it would welcome a programme for the mosque being built in place of Babri Masjid as the BSP is a secular party». Two days earlier, Samajwadi Party chief Akhilesh Yadav, after putting out cryptic statements regarding whether he will attend the ceremony, wrote a letter to temple trust general secretary Champat Rai, thanking him for the invitation and assuring him that he would visit the temple after January 22 «as a devotee with his entire family». He also extended his best wishes for the successful organisation of the programme. Yadav's letter, which he posted on social media platform X, appeared to take care not to upset the majority Hindu voters while also not appearing anti-Muslim by attending the inauguration being organised by the Sangh Parivar. On Monday, senior UP Congress leaders, although not invited to the January 22 ceremony, visited Ayodhya, took a dip in the holy Saryu river and worshipped at the Ram Lalla Virjaman makeshift temple and the Hanumangarhi temple.