UPS Financial News

Subscribe to enjoy similar stories. Online orders for categories such as fashion, accessories, home decor and kidswear are likely to be harder to return this festive season as companies look at maximising earnings and minimising logistics hurdles, experts said. Direct-to-consumer companies as well as e-commerce platforms Flipkart and Amazon may set a higher bar for accepting returns than in previous festive seasons to maintain margins by eliminating the costs of reverse logistics, staffing and packaging, according to two executives aware of the matter.

Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the government announced the scrapping of windfall tax on crude oil from Rs 1,850 per tonne. Bajaj Housing Finance continued to rally for the third straight day after multibagger debut and was up around 2%.

Subscribe to enjoy similar stories. The car industry’s effort to decarbonise revolves around replacing petrol with batteries. A growing number of customers want both.

Reasons to buyReasons to avoid2. Da URBAN® Merlion Office Chair,High Back Mesh Ergonomic Home Office Desk ChairThe Ergonomic Warranty Adjustable Computer Chair offers a comfortable and adjustable seating experience.

Subscribe to enjoy similar stories. Ashish Kacholia, ace investor and director of Lucky Investment Managers Pvt Ltd, recently walked away from five stocks. If you are an investor in the Indian stock markets, chances are you've heard of him.

Asian shares are mostly higher as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years

Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war

Smaller Southeast Asian markets may continue to do better than larger ones, while a significant rise in the yen might cause volatility in the Japanese market and high-performing chip stocks. Fear of an unwind in the yen carry trade has the potential to hit markets globally.

Sandip Sabharwal, asksandipsabharwal.com, says the price at which Bajaj Housing Finance is trading is crazy and there is no way one can justify these valuations when large, established, diversified financials are trading at half, one-third, or maybe 25% of the valuation of this company. Like with many other IPOs, this is just frenzied trading in a limited-float stock. Sabharwal says there’s a similar frenzy in Ola Electric, which is losing market share every month, it is giving forecasts based on them either maintaining or improving market share, which is not going to happen. FOMO is setting in over the Bajaj Housing Finance IPO. The stock for a second consecutive day ended up in the green. But what is the message out there for people who want to participate right now? Should they be sitting on the sidelines, waiting for the frenzy to be over?

Alberta was calling, both Canadians and immigrants answered and now the government is working to address the consequence of an unprecedented number of people moving to the Prairie province over the past year.

Subscribe to enjoy similar stories. Retail investors have taken initial public offerings (IPOs) by storm, leading to a record surge in activity and reshaping the landscape of both mainboard and SME offerings.

Subscribe to enjoy similar stories. New Delhi: The Adani group will manufacture microchips for its own businesses ranging from ports to power and mining, as well as for global and domestic customers at its proposed fabrication plant in Maharashtra, multiple officials aware of the plans said. The ports-to-cement conglomerate has tied up with Israel’s Tower Semiconductor to build the foundry in Maharashtra's Raigad district.

(This story originally appeared in on Sep 18, 2024)

European Union's imposition of tariffs on electric vehicles (EV) will «seriously interfere» with trade and investment cooperation and hurt both China and Germany. In talks on Tuesday with German Vice Chancellor and Economic Minister Robert Habeck, Wang Wentao said he hoped to reach a solution in line with World Trade Organisation rules as soon as possible, and avoid the escalation of China-EU economic and trade frictions, according to a statement released by China's Ministry of Commerce early on Wednesday. The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty.

Subscribe to enjoy similar stories. New Delhi: Ola Electric has assembled a new service team as the maker of battery-powered scooters grapples with a mounting pile-up of service complaints from customers. The Bengaluru-based company has been receiving nearly 80,000 complaints every month, according to two individuals with direct knowledge of the situation, and its service centres are struggling to keep pace.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

U.S. stocks drifted to a mixed close near their all-time highs ahead of a highly anticipated meeting of the Federal Reserve

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

As the Federal Reserve gears up for potential shifts in monetary policy, Bitcoin enthusiasts and market analysts are closely monitoring its impact on the cryptocurrency market. Bitcoin’s price, which has experienced subdued activity over the past six months, may see a major upswing, with some analysts forecasting significant moves in Q4 2023 and beyond.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Donald Trump is currently a leading favorite to win the US elections but there are severe concerns on what the condition of the US economy could end up to be if he comes to power. Trump's promises around tax cuts, tariffs and immigration could lead to serious inflation, feel economists, and if things take a turn for the worse after the elections, it could hurt the US economy so badly, that it could take an entire administration period to mitigate the damages.