UPS Financial News

The Canadian economy generated 91,000 jobs in December, beating economist estimates and pushing down the unemployment rate to 6.7 per cent from 6.8 per cent the month before.

If you want the very best deal on a big bank mortgage, get ready to sign up for more products, whether you like them or not.

capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 320 crore by the company, and an offer for sale (OFS) of up to 1 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) on Saturday. The company proposes to utilise the net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and general corporate purposes.

Turning A New Leaf We don’t know why a smattering of survivors at the India office of this renowned global private equity shop became a bugbear for someone at headquarters, but it’s been a tumultuous start to the year for them. At least four executives are gone, including the young boss, who we are told was informed over the holiday season about the firm’s decision. A rainmaker from New York is coming home and people who know her swear by her dealmaking chops. That would be key to reviving the lost glory of this once trailblazer that was till recently among the top quartile of the heap. The organization has nurtured some of the finest talents in the industry and its well-wishers are hoping it bounces back.

Elara Capital on Monday said it has initiated coverage on the hypermarket chain Vishal Mega Mart with a ‘buy’ rating at a target price of Rs 140 per share, which implies a potential upside of over 35% from the stock’s current levels. The brokerage has cited the company's strong balance sheet, efficient operations, and significant growth potential in India's expanding retail market. On Monday, Vishal Mega Mart shares were trading 5% lower at Rs 103.05 on the BSE. The company, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum since its listing on December 18. The company debuted at Rs 110 on BSE, delivering an immediate 41% premium to IPO investors, while on NSE, the shares opened at Rs 104, representing a 33.3% premium.

Bombay High Court on Monday said the trial in the last year's Badlapur school sexual assault case should be fast-tracked and conducted expeditiously as the victim girls are very young. In August last year, a male attendant sexually assaulted the two girls — aged four and five — inside the toilet of their school located in Badlapur area of Maharashtra's Thane district.

Bots — automated programs that can perform tasks online exponentially faster than us poor meatbags — have been a plague on the concert ticket-buying public for decades now.

Subscribe to enjoy similar stories. Bengaluru: Over two decades ago, Avenue Supermarts Ltd’s founder Radhakishan Damani hired Neville Noronha from Hindustan Unilever Ltd and made him the head of operations at DMart in 2004. Noronha eventually took over as the chief executive of DMart in February 2007.

Subscribe to enjoy similar stories. Hamas suffered a severe blow last fall when Israel killed Yahya Sinwar, the group’s leader and strategist behind the Oct. 7 attacks.

Subscribe to enjoy similar stories. China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump.

Subscribe to enjoy similar stories. BENGALURU : Asia Pacific-focused private equity firm PAG has acquired a majority stake in Pravesha Industries Pvt.

Stocks that rallied over 10% included, J. Taparia Proj(12.85%) and Keerthi Ind(10.80%).

Subscribe to enjoy similar stories. Almost everywhere, government-bond yields are rising fast. Those on ten-year American Treasury bonds are almost 5%.

Indobell Insulation will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 39 in the grey market. Considering the upper price band of Rs 46, the stock is expected to list at a premium of 85% over the issue price.

Subscribe to enjoy similar stories. That successful online aggregators would loom ever larger over the small suppliers enrolled on their platforms was obvious all along. Equally foreseeable was how this would tilt power equations in favour of any big consumer interface, whose potential role as a market gateway was a big draw for its investors in the first place.

Subscribe to enjoy similar stories. It’s a common feeling when looking at a job listing online: the title is perfect, the pay is right, and the company seems like a solid place to work. But you also wonder if that job is real.

Subscribe to enjoy similar stories. Last month, home beauty services start-up YesMadam, in a social media post, announced the layoff of 100 employees who confessed to “being stressed" in an internal survey. After receiving online criticism, the Noida-based startup clarified it was part of a marketing campaign to raise awareness about the “seriousness of workplace stress." Consequently, the company introduced a programme, Happy 2 Heal, under which employees can get head massages and spa sessions in the office, and a “de-stress leave" policy that permits employees to take six days of paid leave annually for their mental health, along with the facility to avail a complimentary spa at home by YesMadam.

He had bought his first house when he was 35 years old. Twenty years on, he and his wife live in a much bigger flat in Mumbai. He had also restructured and modernised the house in which his retired parents lived in Pune. He had a farm in Karjat, where he had a small farmhouse. His plan is to retire to this house in another 5-10 years. “It all worked out well,” he told me. With the new airport coming up, he is considering booking a flat at one of the new developments in Panvel as well. “This will not be like Lavasa,” he offered. He had been an early investor in the dream project that failed to take off as planned. His money had been stuck there for quite a few years and he finally sold it at a loss. “I am confident the new one will be a winner,” he reassured me.

The impact of the jobs report on U.S. rate cut prospects also raised the stakes for consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2% would threaten to close the door on easing altogether.

Subscribe to enjoy similar stories. Every once in a while Donald Trump says something that shocks Washington with its blunt truth. So it was during last week’s discursive press conference when he observed that wind power isn’t economic without subsidies.

Subscribe to enjoy similar stories. Reports suggest that the Securities and Exchange Board of India will soon ease the way for foreign portfolio investors (FPIs) that intend to invest only in government securities. While these bonds saw inflows of about $14.5 billion via the “fully accessible route" in 2024, aided partly by their inclusion in the JP Morgan Emerging Market Index, more FPI money would have come in had US sovereign bond yields not surged after Donald Trump’s election win.