UPS Financial News

Subscribe to enjoy similar stories. A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or sold loose, carries a brand name or is generic, and is salted or sweet.

Netflix is raising its prices in Canada.

Axis Securities has a buy call on Genus Power Infrastructures with a target price of Rs 408. The current market price of Genus Power Infrastructures is Rs 371.65. Genus Power Infrastructures, incorporated in 1992, is a Small Cap company with a market cap of Rs 11350.55 crore, operating in Electric/Electronics sector. Genus Power Infrastructures' key products/revenue segments include Electronic Energy Meters, Other Services, Other Operating Revenue, Export Incentives, Income From Contracts and Scrap for the year ending 31-Mar-2024.

Ajay Bagga, Market Expert, says the markets have decided that Trump will implement tariffs, and they are advising to sell now and ask questions later. This is what we are currently observing. There’s nothing particularly concerning about India, aside from our sluggish economy, decreasing earnings, and some policy spending that didn’t happen last year, but we hope will improve next year. The overall economic situation in India hasn’t changed to justify today’s 2% drop, but this is typical when you are connected to the global market. What is it that you are making of this free fall in the market? It is almost smacking of capital protection and I am sure viewers are wondering whether or not to book out their gains. Ajay Bagga: I would say that if you believe in the India story on a two-year, four-year, six-year basis, then we are still looking very good. Right now, there is a huge change in global politics, global messaging and Trump, by design, practices indisciplined messaging. The morning started well. The dollar was down one percent. The dollar index was down one percent at the start of the US day and then in the Oval Room, while signing some agreements, a journalist asked him about tariffs and then he held forth that maybe we will put 25% on Canada and Mexico, maybe we will do it on 1st February and that is where the markets took a swing back.

Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets

Stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost Corporate America. Bonds continued to unwind the recent surge in yields that roiled markets. The dollar wavered. Over 400 shares in the S&P 500 rose, with the gauge up almost 1% as Trump is expected to announce a new investment push for artificial intelligence led by Softbank Group Corp., OpenAI LLC, and Oracle Corp. A closely watched exchange-traded fund tracking companies with AI exposure hit a three-year high. Small caps climbed on bets they will benefit from a protectionist stance. Trump’s flurry of executive orders helped boost space shares, while weighing on electric-vehicle makers. An ETF focused on big Chinese firms gained as the US president so far refrained from announcing tariffs on the Asian nation.

Subscribe to enjoy similar stories. India’s largest IT services companies are divided when it comes to selling their AI solutions. Infosys Ltd and Tech Mahindra Ltd are building their own small AI models to help clients save costs, while Tata Consultancy Services Ltd, Wipro Ltd and HCL Technologies Ltd want to build on foundational AI tools that are already present in the market.

Subscribe to enjoy similar stories. Media technology unicorn Amagi Media Labs has hired Kotak Mahindra Capital, Citigroup, IIFL Capital and Goldman Sachs as investment banks to raise up to ₹3,200 crore in an initial public offering (IPO), two people aware of the matter said. The company, which counts NBC Universal, CBS, USA Today and Japan’s Rakuten Group among its clients, is likely to file draft IPO papers after April, the people said on the condition of anonymity.

Subscribe to enjoy similar stories. With Golden quadrilateral of high speed train network in mind, Vaishnaw says Railways to work on new bullet train corridors in North, East and South as proposed in BJP manifesto The government proposes to expand the coverage of high-speed trains, laying the ground for them to run on new routes along the lines of the golden quadrilateral highway network.

Indian rupee weakened marginally on Tuesday to close at 86.577 per US dollar, versus previous close of 86.567/$1. The local currency peaked to 86.282/$1 during the day after US president Donald Trump refrained from imposing tariffs on his first day in office. The rupee, however, gave up its gains after Trump said he was thinking about imposing tariffs on Canada and Mexico.

Subscribe to enjoy similar stories. New Delhi: Electronics manufacturing services (EMS) companies which rallied sharply on stock markets over the past year before last month's decline have room for growth given the expected rollout of government incentives and the inherent growth potential of homegrown companies, multiple analysts said. Shares of companies such as Dixon Technologies, Amber Enterprises, Kaynes Technology and Syrma SGS Technology may clock strong double-digit growth, they said, outperforming headline indices.

U.S. President Donald Trump could hit Canada with tariffs as early as next week, raising the risks that Ottawa would impose retaliatory tariffs on the United States amid growing fears of a trade war.

Donald Trump arrived at the White House along with his wife Melania Trump, and was greeted by Joe Biden and Jill Biden. There was an exchange of words and pleasantries between them, but an astonishing claim has surfaced that suggests that Biden was asked to 'shut up' by the new US President Donald Trump. At the point when this interaction happened, Joe Biden was still the reigning President, and they were yet to arrive at the Presidential inauguration event for the oath-taking ceremony.

December’s inflation data offered a mixed bag to the Bank of Canada as it gears up for its first interest rate decision of 2025 with U.S. President Donald Trump’s tariff threats still looming over the Canadian economy.

Ted Lasso Season 4 is growing, fueled by comments from actor Nick Mohammed. The beloved comedy series may be moving toward production, though official confirmation is still pending.

Small businesses had a merry December, as shoppers wrapped up their holiday shopping

President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden

Aries, Taurus, Gemini, and other zodiac signs today. From bold opportunities to careful decisions, read on to discover your horoscope predictions for today.

Oracle plan a Texas-based joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, as per Reuters report.

Mortgage rates have risen in recent months, even as the Federal Reserve has cut interest rates.