UPS Financial News

The loonie is struggling, putting a premium on anything Canadians buy that comes with a price tag in U.S. dollars.

For Jan. 9

Tata Motors on Thursday reported a 1 per cent rise at 3,41,791 units in group global wholesales, including that of British arm JLR, in the third quarter ended December 2024. Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q3 FY25 were 1,39,829 units, higher by 1 per cent compared to Q3 FY24, Tata Motors said in a regulatory filing.

Los Angeles wildfires. The company, through its nonprofit arm Airbnb.org, is partnering with 211 LA, a nonprofit that serves Los Angeles County for a variety of resources and services, such as food assistance and shelter, to «provide free, temporary housing for people who have been displaced by the Los Angeles wildfires.»

The data, which covered the period between 1 and 7 December 2024, was just above the three-month average rate of -0.8%, while shop price annual growth was at its lowest in over three years, since August 2021. Helen Dickinson, chief executive of the BRC, argued that the significant drop in prices came on the back of heavy discounts during Black Friday last year, «as [retailers] attempted to make up for weaker sales earlier in the year». 'Significant price pressures' ahead as retail faces £7bn of additional costs Non-food remained deflationary at -2.4% last month, lower than the -1.8...

crypto markets – be it the massive institutional adoption, the growing retail investor confidence in crypto and most importantly, the way 2024 changed the perception towards crypto. Over the years, crypto moved from being a niche financial product to a key discussion of mainstream politics in the US showing its growing influence on economies. With the foundation set strong in 2024, the crypto market has a pipeline that shows promise to make 2025 an even better year than 2024 for the crypto market. As we move into a new year, let's look back at some of the major events that brought the crypto market to where it is today and what the coming year holds for the digital asset space.

«So, especially, the thought process was that the Middle East capex is slowing down, the oil capex of Aramco, that will slow down. However, having said that, they delivered very strongly on the 2Q numbers and what we are saying that 3Q numbers may be at a record level versus other quarters,» says Priyankar Biswas, BNP Paribas. What the expectations are when it comes to the Q3 of this year, clearly the ports and logistics sector are expected to be a bit softer? Priyankar Biswas: Yes, that is correct. At least for the port space, we are seeing a fair bit of softness. So, we have actually put out something today on this aspect. So, what we are witnessing is that port volumes, so the big players like Adanis and the Gujarat Pipavavs and even the major port volumes are very much out in the public domain. And we can see there is already a softness that is being witnessed all across the board.

Gold gave back a little more of its year-to-date gains in December, finishing down 1% on the month, but up 26% on the year.

Subscribe to enjoy similar stories. The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer. With approval-related challenges slowly receding, sequential improvement in pre-sales or bookings is likely for most listed companies in Q3FY25.

Subscribe to enjoy similar stories. When it comes to budgeting, there are some revenue streams that are linked with broader growth in the economy. These include the goods and services tax (GST), which is a consumption-based tax, corporate tax, which is linked to the profitability of companies, and customs duty, which is driven by imports.

Subscribe to enjoy similar stories. A recent report by the State Bank of India has stirred up the proverbial hornet’s nest with its claims of a sharp reduction in poverty levels in India, particularly rural areas, in the past decade. It has led to a flurry of counter-claims, with economists questioning the methodology used to arrive at the findings.

Subscribe to enjoy similar stories. ₹10 trillion is the amount of wealth that was lost on Monday this week as fear of the outbreak of a new virus i.e. Human Metapneumovirus (HMPV), gripped the market.

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes

Axis Securities has an overweight call on Bharti Airtel with a target price of Rs 1,880. The current market price of Bharti Airtel is Rs 1587.5. Bharti Airtel, incorporated in 1995, is a Large Cap company with a market cap of Rs 969654.35 crore, operating in Telecommunications sector. Bharti Airtel's key products/revenue segments include Service Revenue and Sale of Products for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. TEL AVIV—After a year marked by war and calls for isolating Israel on the world stage, its defense industry is on track to sell more weapons than ever in its history, spurred by foreign demand for its aerial-defense systems and significant government spending aimed at funding Israel’s ongoing military campaigns.

Parmeshwar Metal will debut on the BSE SME platform on Thursday. The company's GMP was robust at Rs 44 in the grey market ahead of the listing. Considering the upper price band of Rs 61, the stock is expected to see a listing premium of 72% over the issue price.

Subscribe to enjoy similar stories. Although America has a history of taking a commercial approach to international relations, purchases are rarely made without controversy. When Thomas Jefferson bought Louisiana in 1803, doubling the size of the country, he had to set aside his zest for constitutional constructivism, which would have ruled out such bold federal action.

high-risk-high-return bets in the recent bull run drove investor frenzy in nanocap stocks-those with a market capitalisation of less than ₹2,100 crore as of Wednesday. As per a study by Aditya Birla Sun Life Mutual Fund, the value of individual investors' direct holdings in nanocap stocks has moved up eightfold from ₹40,000 crore in June 2021 to ₹3.3 lakh crore in September 2024. Nanocap companies-among the lowest in heap-are ranked 1,041 and below in terms of market capitalization. They come after the micro-cap companies with a market value ranking between 521 and 1,040. Small-cap companies are ranked between 261 and 520 by market capitalisation, while large- and mid-cap are ranked form the top 260 companies. Currently, TCC Concept with a market capitalisation of ₹2,137 crore is the 1,041st biggest company on the NSE.

Stocks dropped in Tokyo and Sydney, with futures for Hong Kong also declining. US contracts slipped, after a range-bound session for the S&P 500 Wednesday. The tech-heavy Nasdaq 100 ended little changed. Nvidia Corp. dipped in post-market trading after a report said the Biden administration plans one additional round of restrictions on the export of artificial intelligence chips.