UPS Financial News

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...

Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative AI products. «Competition will be fierce over the next 2 to 3 years.» Baidu CEO Robin Li said in an earnings call following the company's Q2 release.

A one-time congressional candidate and romantic partner of a convicted FTX executive has been arrested on campaign finance charges

In many communities people turn to diesel or gasoline generators for temporary power when extreme weather brings power outages

NASA said on Thursday it expects to announce on Saturday its decision on whether the two astronauts who rode Boeing's glitchy Starliner spacecraft to the International Space Station will need a SpaceX vehicle to return to Earth. «NASA's decision on whether to return Starliner to Earth with astronauts aboard is expected no earlier than Saturday, Aug. 24 at the conclusion of an agency-level review,» the space agency said in a statement. Starliner launched its first two astronauts into space in June as a crucial test before it can receive NASA approval for routine flights. But what was supposed to be an eight-day mission docked to the ISS has been drawn out by months after the capsule sprang leaks and some of its thrusters failed.

Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says a combination of sectors related to capex and consumption and certain sectors in credit growth will be a good investment portfolio if somebody has a one-and-a-half, two-year horizon. Mehta further says look into proxy plays like bearing companies for railways and defence stocks. What are you doing in the markets right now? Any fresh stocks that you have managed to recommend to your clients? Any fresh ideas? Devang Mehta: I will talk more about themes and sectors rather than ideas. I will give certain examples on the way. We feel that both sides of the market – be it consumption or capex – have come back with a bang. Post the elections, post the budget, and post this volatility that we saw a couple of weeks back during the yen carry trade, the market has gone from strength to strength. So, whichever sectors were not performing, be it FMCG companies, auto companies and even discretionary consumption companies like Titan, and Trent, have come up with a good set of numbers.

«The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all. Like, we obviously hold for from very low levels and we continue to hold,» says Sandip Sabharwal, asksandipsabharwal.com. Two stocks you track closely, both InterGlobe as well as Indian Hotels giving fresh solid moves today. Do you think the prospects continue to look brighter and what if one were to look to add positions at these levels? Would you recommend that at all? Sandip Sabharwal: InterGlobe is in a very unique position where the competitive intensity instead of increasing on improved profitability in the sector actually reduced.

₹30,000 crore." The value of the family’s holdings in group listed companies is more than ₹10 trillion (about $126 billion), the person said. The immediate plan is to sell stake worth ₹3,000-4000 crore in Ambuja Cements Ltd, in which the promoters hold 70.3%. Rajiv Jain-led US-based boutique investment firm GQG Partners LLC and at least four other entities, including three large bank-promoted firms, are likely to buy the stake soon in a private placement, the person added.

Atlantic City’s casinos and two internet-only gambling entities saw their collective earnings decline by 1.3% in the second quarter of 2024 compared with the same period a year earlier

The Canadian government has ordered the country’s two major freight railroads to enter binding arbitration with their labor union to resolve a contract dispute

Chancellor Olaf Scholz has pledged that his government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the...

Stocks closed lower in the run-up to Wall Street’s main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday

Mint in the week gone by. The Indian rupee is showing signs of weakness mainly due to demand for the dollar by importers, while India Inc’s profits grew at the slowest pace in five quarters. The Indian rupee has been on a downward trend, sparking concerns as it slipped to ₹83.9550 against the US dollar by 2 pm on Thursday, down from ₹83.7794 the previous day, according to Yahoo Finance.

Republican lawmakers say Kentucky has met the financial conditions to set in motion another cut in the personal income tax rate that could take effect in 2026

A crash and large fire along a California freeway involving an electric Tesla Semi has drawn the attention of federal safety investigators

Sales of previously occupied U.S. homes ended a four-month slide in July

U.S. stocks closed higher after more big companies delivered profit reports that topped analysts’ expectations

₹778 crore, solely for electric two- and three-wheelers, with an initial run-time of four months, which was later extended till September. For OEMs, this impending tightening could trigger a significant shift in their operational strategies. The PMP is crucial because only manufacturers that comply with its criteria are eligible for government incentives under schemes like FAME and the EMPS.

Mint. For instance, investors in companies such as Lighthouse Learnings and Piramal Glass have discarded their stake sale plans due to valuation mismatches in the private markets, two people with direct knowledge of the matter said. KKR-backed Lighthouse Learnings (formerly EuroKids) earlier this year appointed investment banks JP Morgan and Avendus to look for a buyer for its 94% stake in the education company it acquired in 2019.

The absence of any sovereign gold bond (SGB) issuances lately has led to a buzz that the government might discontinue this instrument. The issue and redemption price of these bonds are linked to those of gold so as to wean buyers away from physical purchases of the foreign exchange-draining yellow metal.