UPS Financial News

«The second one is as far as the ice cream business is concerned, the business is not very large as far as HUL is concerned. It contributes just maybe 2.5-3% to total sales and it is under-indexed in terms of margins,» says Amnish Aggarwal, Prabhudas Lilladher. What is your take? Is this reaction on HUL stock on account of that expected rejig in the ice cream business warranted? Amnish Aggarwal: There are two factors to it. If you look at broadly why the sector is doing well and Lever is doing well from quite some time, this is due to expectations regarding uptake in demand due to normal monsoon this year. Given the fact that in the rural sector we have seen two wheelers in some of the other segments you can say growing in the past at least two to three quarters and in the last quarter rural was going ahead of urban in many of the segments, so that seems to be the one reason.

Federal Reserve interest rate cut next week. The greenback rose for the first time in five sessions versus the Japanese currency, while rising for a second straight day against the euro.

Stocks closed higher on Wall Street, ending a four-day losing streak

Anand Tandon, Independent Analyst, says among themes that will continue doing well will be insurance. Housing finance is going to have a new lease of life. It is a sector where many new companies have got listed over the past two years, and are reporting fairly good numbers. Travel tourism continues to remain reasonably attractive and robust because even today. Selectively, real estate will, for the next 12 to 18 months, continue to report reasonably good numbers. Tandon also says that India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled. What do you make of the market mood right now? Throw in the global worries, throw in earnings downgrades, throw in any other news flow – but the Indian markets only know one direction! Anand Tandon: That is right, there is still a lot of optimism in the domestic market. To some extent, the US market gave a little bit of a push as well because of the expectation that a rate cut in the US may help emerging markets. India is on a trajectory of its own and is not looking for any negative news. As long as the flows continue, the market direction is reasonably settled.

Boeing and one of its biggest unions has angered many workers who were hoping for higher wage hikes and better pensions, an official who negotiated the deal said on Monday.

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite reservations about whether the deal offers enough

Federal Reserve's next policy decision next week. Investors had fled from equities last week when Friday's weaker-than-expected August jobs data followed weak manufacturing data on Tuesday, driving the Nasdaq Composite's biggest weekly loss since January 2022, and the S&P 500's biggest weekly decline since March 2023.

Apple supplier Jabil will set up an electronics manufacturing facility in Trichy with an investment of Rs. 2000 crore, Tamil Nadu CM MK Stalin said on Tuesday.

₹800-900," Tewari said. A key priority for Tewari is to get its strategy on artificial intelligence right. The company isin the process of tying up with a large US AI-led tech company, which will power its next version of Glance in the US.

Meredith Gaudreau, the wife of late NHL star Johnny Gaudreau, revealed she’s pregnant with the couple’s third baby during her emotional eulogy at his memorial service Monday.

₹1.52 trillion ($18.1 billion) under his watch. Going forward, a number of key announcements from the proposals on India’s table are further expected, as a three-day inaugural edition of ‘Semicon India’ gets underway in Uttar Pradesh’s Greater Noida. Ajit Manocha, president and chief executive of US-headquartered global industry body, Semiconductor Equipment and Materials International (Semi), added that the conference is expected to host “over 250 companies from the entire semiconductor ecosystem, from 24 different nations".

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

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...

iPhone 16 Pro and iPhone 16 Pro Max, during its 'It's Glowtime' launch event on September 9, 2024. These new models mark a significant advancement in Apple’s smartphone lineup, boasting impressive upgrades in performance, camera technology, and design.

Having begun offloading shares in BofA in mid-July, Berkshire Hathaway has now sold almost $7bn of stock in the second-largest US bank, according to a report by Reuters. However, Buffett's conglomerate currently remains BofA's largest shareholder with a stake of about 11.1%. Berkshire Hathaway first invested in Bank of America in 2011 when the group bought $5bn of preferred stock in the then-beleaguered bank through a private deal.  Shares of Bank of America were up 1.7% at $39.4 at the time of publication,  while year to date the stock is up 17.1%, according to data from MarketWatch.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Jannik Sinner started slowly at the U.S. Open, dropping the first set he played after being exonerated in a doping case no one knew about until shortly before play began at Flushing Meadows.

European Union countries are buying too much of their defense equipment abroad, much of it U.S.-made, and failing to invest in joint military projects, a landmark report is warning

China's core inflation cooled to the weakest in over three years, fuelling calls for more efforts to boost household spending as weak demand mounted pressure on the annual growth target. The consumer price index excluding volatile food and energy costs rose just 0.3% in August from a year earlier, the least since March 2021, the National Bureau of Statistics said. The broader CPI rose 0.6%, missing expectations even as it was buoyed by higher food costs due to bad weather last month. Taken together, the figures provide more evidence of weak consumer demand, prompting calls for more measures to stave off a negative cycle of declining corporate revenue, wages and spending.

New Delhi: The Apna Dal (S), a BJP ally, has asked that the government support reserved category candidates in the teacher recruitment case in Uttar Pradesh.

While Vitalik Buterin may be stepping away from the Layer 2 investment landscape, the sector is far from cooling down as new Ethereum Layer 2 project, Pepe Unchained ($PEPU), has recently surpassed the $12.5 million mark in its ongoing presale.