UPS Financial News

Vedanta Ltd. traded 1.35 per cent down in Thursday's trade at 12:37PM (IST). Around 1,752,628 shares changed hands on the counter. The counter opened at Rs 488.0 and touched an intraday high and low of Rs 492.8 and Rs 478.85, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 523.6 and a 52-week low of Rs 211.25.

China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry

Shares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies

After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces

Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of about $2 billion for the month

In the remote village of Kamimomi in Japan’s western Okayama Prefecture, a small group of rice farmers began their most recent harvest in sweltering heat, two weeks sooner than usual

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than thre...

Subscribe to enjoy similar stories. Mineral stocks, quiet through much of 2024, are heating up ahead of what promises to be an exciting 2025. Top investors anticipate a promising year for these stocks, with Dolly Khanna, making a strategic entry into one such company after Rekha Jhunjhunwala bought and sold shares of Raghav Productivity Enhancers, which manufactures and exports quartz-related products Dolly Khanna is an investor in Chennai who is known for picking some lesser-known mid caps and small caps.

Subscribe to enjoy similar stories. McKinsey is overhauling its China business after cutting back on government-linked clients and reducing the unit’s workforce by nearly 500 people, about a third of the total. To reduce security risks associated with doing business in China, the U.S.-based consulting firm has been separating its China operations from other global operations, people familiar with the matter said—a practice increasingly popular among multinational companies.

Subscribe to enjoy similar stories. India’s financial sector has grown rapidly in recent years. According to a ministry of finance press release dated 22 July, India’s market-capitalization-to-GDP ratio ranks fifth globally and primary markets facilitated capital formation of ₹10.9 trillion in 2023-24, up from ₹9.3 trillion in 2022-23.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1490.9 on BSE at 10:49AM (IST) on Thursday, up 0.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 1011.5 and a high of Rs 1650.0.

Centrum Wealth Management Limited has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5. HDFC AMC, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 101840.51 Crore) operating in Financial Services sector. HDFC AMC key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2024.

Kamala Harris launched a scathing attack on her presidential rival and former President Donald Trump, calling him «unstable, dangerous, and unfit to serve» ahead of the upcoming US presidential elections. Harris made these remarks during an interview with Fox News chief political anchor Bret Baier. During the interview, she said, «Listen to me… Donald Trump is unfit to serve, he is unstable, dangerous and people are exhausted with someone who professes to be a leader who spends fulltime demeaning and engaging in personal grievances… American people are tired of that.»

Subscribe to enjoy similar stories. Retail inflation estimates for September 2024 released earlier this week based on the Consumer Price Index (CPI) have confirmed fears of an upswing driven by food prices. Rural retail inflation is at 5.9% and the urban figure at 5%, with overall inflation at 5.5% on a year-on-year basis.

Ircon International shares are in focus after the company signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. This agreement aims to foster collaboration between the two companies in exploring, identifying, and jointly executing mutually beneficial business opportunities in various infrastructure projects, both in India and overseas. The stock is also drawing attention due to the recent shareholding changes in the September quarter. Mutual funds reduced their stake in the railway infrastructure company, with holdings dropping to 0.31% as of September 30, down from 1.67% at the end of the June quarter. Notably, Quant Active Fund exited its position in Ircon during this period, after holding a 1.15% stake in the company as of June.

The BSE Sensex was up 41 points, or 0.05%, trading at 81,543, while the Nifty50 was down 14 points, or 0.06%, at 24,957 around 9:20 am.

Durga idol immersion procession in Bahraich on October 13, sparking arson and violence in the Uttar Pradesh district, died due to «shock and excessive bleeding.» This was stated by Bahraich Chief Medical Officer (CMO) Dr Sanjay Kumar after the postmortem examination revealed that as many as «25 to 30 pellets» were found on the deceased's body, which also had injury marks. «The report revealed that there were serious injury marks around the left eye and on the toenails,» Dr Kumar said. He said the postmortem was done by a panel of three doctors late on Sunday night and its videography was also done. ADG Gorakhpur KS Pratap told journalists that Mahsi's Circle Officer Rupendra Gaur has been removed and attached to the SP office due to «negligence» in Sunday's incident.

As companies including Microsoft, Amazon, and Google rapidly expand their global data center capabilities, they are actively seeking new electricity sources. Amazon has signed three agreements to support the development of Small Modular Reactors (SMRs), which are more compact and potentially easier to deploy than traditional reactors.

Subscribe to enjoy similar stories. Feel like it takes longer to recover from everything these days—whether it’s an injury or poor sleep? That’s the reality of what time is doing to our bodies. Researchers call our ability to bounce back from health stress “biological resilience." Evidence suggests that it declines with age, driven by biological and other factors, including parenting, work stress, changes in exercise habits and menopause.

Reasons to buyReasons to avoidAlso read: Travel in style with exclusive Amazon Great Indian Festival deals on luggage: Over 80% offThe NOVEX Original Polycarbonate Trolley Suitcase is a reliable and practical option for your child's travels. With a sturdy polycarbonate construction and a secure locking system, this suitcase ensures your child's belongings are safe and secure.

Mphasis shares will be in focus on Thursday after the company reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter. Revenue for the second quarter of fiscal 2025 rose by 3.3% to Rs 3,536 crore, compared to Rs 3,422 crore in the previous quarter.