UPS Financial News

IRB Infrastructure Developers' shares will remain in focus on Friday, January 10, following the company's announcement of a 19% year-on-year (YoY) increase in toll collections for December 2024. The total toll collection for the month reached Rs 580 crore, up from Rs 488 crore in December 2023. Amitabh Murarka, Deputy CEO, stated, «We have seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India's robust GDP growth, which should boost vehicular traffic across our 12-state network.»

«Whether these companies would do a little bit of it on their own, whether it would be completely third-party restaurant, whether there could be some kind of cloud structures, I mean all of these things would evolve over time,» says Rahul Jain, Dolat Capital. Now, of course, Sagar is saying that there is going to be wide ranging impact on smaller players, smaller restaurant partners, particularly. But what is the overall impact that you assess of these 10-minute delivery services on traditional restaurants? Rahul Jain: The essence of this model is basically delivering things faster, which itself would mean that it would be served through the restaurant which are in closer vicinity. So, to that extent, the proximity of the restaurant to the consumer become an important element for this particular demand to be getting serviced, so that is something where the differentiation would come from those particular units versus the rest of it, so that is something where the impact would come in.

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1,675. The current market price of Cholamandalam Investment & Finance is Rs 1,271.25. Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 106977.60 crore, operating in the NBFC sector.

Subscribe to enjoy similar stories. The new year has brought a head-splitting hangover for Britain’s government. Gilts—British government bonds—have sold off sharply in the first days of 2025, deepening a rout that has been going on for months.

Subscribe to enjoy similar stories. Three years after Donald Trump left the White House, he published a coffee-table photobook of his first term that showed him meeting with Mark Zuckerberg in the Oval Office. The photo carried an ominous warning.

Subscribe to enjoy similar stories. The trouble with taxation is not its inevitability, nor its comparison for that reason with mortality, but its susceptibility to being viewed through lenses tinted by the viewer’s own tax liability. Evidence of this rises and falls in waves, peaking around budget time.

Subscribe to enjoy similar stories. Two big speeches are coming up, President-elect Trump’s Inaugural Address on Monday, Jan. 20, and President Biden’s farewell address, expected in the days just preceding.

Just Dial, TCS, IREDA, Adani Wilmar, Adani Total Gas among others will be in focus due to various news developments and third quarter results. Just Dial, PCBL, CESC Shares of Just Dial, PCBL and CESC will be in focus as the companies will announce their third quarter results today.

Financial Services, the non-bank lending arm of HDFC Bank, is expected to soon launch a Rs 12,000-crore IPO. According to a report by Macquarie Capital, while the non-bank lender commands valuations similar to Bajaj Finance in the unlisted markets, its return on assets is 30% lower than Bajaj Finance. The company is a good bet based on its potential for an improvement in return on assets driven by margin expansion, and lower credit costs given its best-in-class underwriting standards, says the brokerage.

Some eligible working Canadians are set to receive advanced payments of workers benefits from the federal government this week.

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast

The late New York Sen_ Daniel Patrick Moynihan put it this way decades ago: “Everyone is entitled to his own opinion, but not his own facts.”

The U.S. Interior Department says that no bids were submitted for this week’s oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge

Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July

M Nagaraju said Thursday.

finance ministry has initiated a comprehensive assessment of retail inflation rates to identify reasons for sharp interstate variations and firm up possible remedial measures, people familiar with the development said.

Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for the quarter ended December rose by over a fourth year-on-year to Rs 425.4 crore led by an increase in interest income. Revenue from operations of the non-banking financial company for the reporting quarter rose 36% on year to Rs 1,698 crore.